Trading Ideas

(Bloomberg) — The Facebook Inc. executive responsible for the embattled Libra cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organizations will sign on despite intense opposition from politicians who seem to fear financial innovation.“I totally respect the fact that those businesses and those leaders have a responsibility to their shareholders, employees and stakeholders,” Facebook’s David Marcus said in a Tuesday interview with Bloomberg Television. “We are going to move forward. We are going to add more members.”Facebook suffered a setback in recent days when a quarter of the membership of Libra’s …read more […]

(Bloomberg) — The U.S. brought a criminal case against one of Turkey’s largest banks for aiding a scheme to evade sanctions against Iran, a move that carries political overtones as tensions build over Turkey’s military incursions in Syria.In an indictment filed Tuesday in Manhattan federal court, prosecutors accused government-owned Halkbank of participating in a wide-ranging plot to violate prohibitions on Iran’s access to the U.S. financial system. The conspiracy involved high-ranking government officials in Iran and Turkey, the U.S. said.“Halkbank’s systemic participation in the illicit movement of billions of dollars’ worth of Iranian oil revenue was designed and executed by …read more […]

(Bloomberg) — Weeks after a Lion Air jet crashed in the Java Sea, killing all 189 aboard, an airline employee gave investigators photographs meant to show that a crucial repair had been properly performed the day before the disaster.Yet the pictures may not show what was claimed.The time displayed in photos of a computer screen in the cockpit of the Boeing Co. 737 Max indicated they had actually been taken before the repair was performed, according to a draft of the final crash report being prepared by Indonesia’s National Transportation Safety Committee, portions of which were reviewed by Bloomberg News.Investigators …read more […]

Three drug distributors are in talks with state and local governments to settle opioid litigation for $18 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions. McKesson Corp, AmerisourceBergen Corp and Cardinal Health would collectively pay the amount over 18 years under the deal currently on the table, according to the Journal. Around 2,600 lawsuits by state and local governments are pending nationally, accusing drug manufacturers of deceptively marketing opioids in ways that downplayed their risks, and drug distributors of failing to detect and halt suspicious orders. …read more […]

In yesterday’s issue of Trade of the Day, I outlined all of the possible risks that the market is now facing from the so-called “Washington Risk.”
In other words, news out of Washington (specifically the current U.S.-China trade negotiations) now has 100% influence on the minute-by-minute movements of the major market averages.
As we have recently witnessed, any news item – or any tweet – can dramatically change the market’s direction – either up or down – in the blink of an eye.
For instance, Art Cashin – who has seen just about every major market move in the last five decades, warned …read more […]

Here’s an amazing piece of retirement savings advice from one of the members of my breakfast crew that is responsible for what I call my “Grill Quotient.”
Quickly, the Grill Quotient is my 100%-accurate contrarian market indicator based on what I hear from all the guys at my daily breakfast place on the beach.
In a recent conversation about the state of retirement savings with Kevin, one of the better-informed investors who I talk with regularly, he offered some of the simplest – and for my money, the most effective – advice I’ve ever heard to make your children and other family …read more […]

Chicago-based United is one of three U.S. airlines that has had to cancel more than 2,000 monthly flights through the end of the year as Boeing Co’s 737 MAX remains grounded following two deadly crashes in Indonesia and Ethiopia. The flight cancellations have weighed on airline profits and costs, but United said strong travel demand continued to offset MAX headwinds and disruption in Hong Kong and China. As a result, it raised its 2019 adjusted diluted earnings per share guidance to $11.25-$12.25 versus $10.5-$12.0 previously. …read more […]

Veggie burgers are buzzy, from the Impossible Whopper to Beyond Meat’s stock surge. But which tastes the best? We assembled an all-star team to find out. …read more […]

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […] …read more […]

The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […] …read more […]

Xcel Brands, Inc. (NASDAQ:XELB), which is in the media business, and is based in United States, received a lot of… …read more […]

Aphria shares soaring after the cannabis company reported its second consecutive profitable quarter. Emily McCormick and Alexis Christoforous discuss. …read more […]

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of… …read more […]

Selections include Service Corp International and Amerco Continue reading… …read more […]