Trading Ideas

Legendary fund manager Li Lu (who Charlie Munger backed) once said, ‘The biggest investment risk is not the volatility… …read more […]

Norwegian Air and New York’s JetBlue Airways have agreed to form a partnership that will allow customers to book flights on each others’ aircraft, with a planned startup in mid-2020, lifting Norwegian Air’s shares. Norwegian Air has shaken up the market for transatlantic travel with cut-price fares that challenge traditional carriers such as IAG’s British Airways, but has so far lacked a domestic U.S. partner. “Customers will have the possibility to book connecting flights on both airlines’ websites by combining the best of our complementary and expansive networks,” they added. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see… …read more […]

(Bloomberg) — Tesla Inc.’s first Chinese car factory is officially plugged in.State Grid Corp of China has opened the first transmission line in a power connection project that increases electricity supply to the Tesla plant to a level required for preliminary production, according to a statement from the Chinese company’s Shanghai branch. State Grid said it will eventually increase the power supply eightfold for the factory to run at capacity.State Grid said the project – involving 55 kilometers of cables and about 17 kilometers of ducts – was among the quickest it has completed, taking only six months.Palo Alto, California-based …read more […]

Today we’ll evaluate Signify N.V. (AMS:LIGHT) to determine whether it could have potential as an investment idea. To… …read more […]

Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9. “If the 9 is performing very close to the parameters that the 8 will operate, yes we may convert the 8 to 9,” Qatar Airways CEO Akbar al-Baker told Reuters on the sidelines of an event to launch a new route from Doha to Langkawi. Emirates and Qatar Airways are the only firm customers for the 777-8 model, which Boeing is also trying to sell to Australia’s Qantas Airways …read more […]

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain an investment upswing spurred by major discoveries. …read more […]

Broadcaster Central European Media Enterprises (CME) raised its operating profit guidance on Thursday for the third time this year, after third-quarter earnings just beat analysts’ expectations. The market is waiting for news about the possible sale of CME by majority owner AT&T. PPF, the investment group of the Czech Republic’s richest man Petr Kellner, is reported to be the last remaining bidder. CME’s adjusted operating profit (OIBDA) came in at $41.4 million in the third quarter, topping analysts’ average forecast of $39.2 million. …read more […]

Cryptocurrency exchange KuCoin’s derivatives platform, KuMEX, is going to launch bitcoin monthly futures contracts in a “few weeks.” Michael Gan, founder and CEO of KuCoin, announced the news at the Blockchain Life 2019 Forum in Moscow, Russia, according to a press release shared with The Block on Wednesday.The post KuCoin’s derivatives platform launching bitcoin monthly futures in ‘few weeks’ appeared first on The Block. …read more […]

British retailer WH Smith Plc said on Thursday it will buy Marshall Retail Group for about $400 million, betting that the American peer’s network of stores at U.S. airports will help boost profits soured by turmoil on the British high street. Business at WH Smith’s stores at airports and railway stations has been booming as the over 200-year-old company benefits from rising passenger footfall and new larger-format outlets. WH Smith said it would fund the all-cash deal for Marshall through a combination of 200 million pounds ($255.42 million) in new debt and a 155 million pound equity raise. …read more […]

Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA if the opportunity came up – comments which come after Delta Air Lines Inc agreed last month to buy 20% of the Chilean carrier. Currently around 48%, according to Refinitiv data, it could fall to as low as 28% depending on the take up of Delta’s tender offer for shares. Qatar Airways has historically had a contentious relationship with major U.S. carriers, which have accused Gulf airlines of receiving unfair government subsidies, distorting competition and costing Americans …read more […]

The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a “significant” impact on Pernod Ricard in the United States. Chairman and CEO Alexandre Ricard told Reuters in a telephone interview that Pernod Ricard USA could have to raise prices to make up for the tariff hikes that will impact brands such as Glenlivet Scotch whisky and Campo Viejo Spanish wine. Ricard also told Reuters he had “no particular indication” that activist investor Elliott had exited Pernod’s share capital. …read more […]

Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country. This means “the green light is fully given to Tesla for production in China,” said Yale Zhang, head of the Shanghai-based consultancy Automotive Foresight. Tesla did not immediately respond to an e-mailed request for comment. …read more […]

TOKYO/SYDNEY, Oct 17 (Reuters) – Sterling faltered on fading hopes of a Brexit deal on Thursday, while a five-session rally in Asian stocks ran out of steam as weak U.S. retail sales fanned fears about the health of the world’s biggest economy. Investor focus was shifting to the United Kingdom where Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal as it currently stands. …read more […]

Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger 5G market and currency effects. The Swedish company, which together with Nokia and Huawei sells the bulk of the radio access network equipment that is key for next generation 5G mobile services, said it was now targeting sales of 230-240 billion crowns ($23.5-24.5 billion) in 2020, up from 210-220 billion previously. “5G is taking off earlier than anticipated”. …read more […]