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Trading Ideas

A 7.9% Yield That’s Unlikely to Go Up in Smoke

October 16, 2019 admin Comments Off on A 7.9% Yield That’s Unlikely to Go Up in Smoke

Shares of Altria Group (NYSE: MO) have been falling for more than two years.
This could be because an increasing number of investors don’t want to invest in a cigarette company for ethical reasons, or it could be because it’s hard to get excited about a business when the majority of its customers want to quit using its product.
It’s tough enough already from a business and public relations perspective to be a tobacco company. But now Altria is facing difficulties with Juul. Altria invested $13 billion in the electronic-cigarette maker.
As you’re probably aware, both federal and state governments are creating stronger …read more […]

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IBM quarterly revenue misses, shares fall

October 16, 2019 admin Comments Off on IBM quarterly revenue misses, shares fall

The Armonk, New York-based technology services giant, which wrapped up the mega cloud merger with Linux maker Red Hat Inc earlier this year, has faced years of revenue declines in the process of shifting focus to the cloud from its traditional business. Total revenue fell 3.9% to $18.03 billion, missing analysts’ average estimate of $18.22 billion, according to IBES data from Refinitiv. Revenue from the company’s cloud services, which are driving IBM’s pivot away from established businesses including mainframe servers, rose 11% to $5 billion in the third quarter ended Sept. 30. …read more […]

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Teva to donate over $15 bln worth of drugs in opioid settlement – source

October 16, 2019 admin Comments Off on Teva to donate over $15 bln worth of drugs in opioid settlement – source

Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday. The news follows media reports that major drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health are discussing with governments to settle thousands of opioid-related lawsuits for $18 billion. The companies, including Teva, are all defendants in a landmark trial set to begin in federal court in Cleveland, Ohio, on Oct. 21, which will be presided over by U.S. …read more […]

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United’s Plan to Use Larger Jets to Control Rising Costs

October 16, 2019 admin Comments Off on United’s Plan to Use Larger Jets to Control Rising Costs

No U.S. airline is on a better financial trajectory than United Airlines. But investment analysts are paid to worry, and they have asked whether United is spending too much money, a habit that could hurt the company if this long-rumored economic downturn occurs sooner rather than later. But speaking Wednesday on their third quarter earnings […] …read more […]

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Iowa Farmers Blast Trump's Dealmaking After EPA Biofuel Plan

October 16, 2019 admin Comments Off on Iowa Farmers Blast Trump's Dealmaking After EPA Biofuel Plan

(Bloomberg) — Iowa farmers slammed the Trump administration’s plan to alter biofuel-blending quotas, saying it would undermine demand for corn-based ethanol and soybean-based biodiesel.Farmers speaking on a conference call said the Environmental Protection Agency’s plan unveiled Tuesday falls short in the way it changes targets for blending biofuel into petroleum-based fuels under the Renewable Fuel Standard.The biofuel industry made a deal earlier this month with Donald Trump that would help it recover from the heavily criticized waivers that were issued to some oil refiners, but the EPA reneged on the arrangement, Monte Shaw, exective director of the Iowa Renewable Fuels …read more […]