Trading Ideas

One of Wall Street’s most bullish Nintendo analysts raises his forecast for the video-game maker’s stock price. Nintendo will launch mobile-game Dragalia Lost, Switch Online and 1P Switch games soon and gain China market share. Jefferies, one of the biggest Nintendo bulls on Wall Street, says shares of the Japanese game maker could soar 80% — even if Switch sales are flat. …read more […]

Harvard Law Professor Emeritus Alan Dershowitz on former CIA Director John Brennan threatening to sue President Trump, Trump lawyer Rudy Giuliani’s comments about ‘truth’ and the Mueller investigation. …read more […]

Apple usually launches new Apple Watch models in September. Rumors suggest the new Apple Watch could have a larger screen, better battery life, and new health features. A new government filing from the Eurasian Economic Commission suggests that Apple is preparing six new Apple Watch models for launch in the near future. …read more […]

Slashing its price target for Tesla Inc (TSLA.O) from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had the funding for a plan announced by tweet just under two weeks ago. Analysts from the U.S. bank had upped its forecast from $198 to $308 after a surge in Tesla stock following Musk’s tweets on Aug. 7 but its analysts said they now thought the deal was a long way from completion. The median price target of the Wall Street analysts covering Tesla is $336. …read more […]

Tesla Inc.’s shares continued to fall pre-market on Monday after JPMorgan analyst Ryan Brinkman slashed his price target on the stock, saying that funding for the “going private” deal does not appear to be secured. Brinkman, who had hiked his price target on Tesla after Elon Musk’s Twitter statement about taking the company private, lowered it to the earlier level of $195 from $308. “The revelation the Saudi fund is subsequently asking Tesla for details of how the company would be taken private suggests to us that any deal is potentially far from even being formally proposed,” the …read more […]

The energy giant is lagging badly today, but it’s working toward a much brighter future — which could be good for investors who can stomach the bad headlines. …read more […]

Germany’s current account surplus is set to remain the world’s largest this year despite increased trade tensions, the Ifo institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel’s fiscal policies. The International Monetary Fund and the European Commission have for years urged Germany to do more to lift domestic demand and imports as a way to reduce global economic imbalances and stimulate growth elsewhere. Since his election, U.S. President Donald Trump has also criticised Germany’s export strength. …read more […]

Attorney Misty Marris on concerns about the future of Tesla and CEO Elon Musk’s health. …read more […]

The bull market in stocks is poised this week to break the record as the longest in the history of U.S. trading. If the market doesn’t drop significantly in the three days through Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days. It’s a record that few would have predicted when stocks struggled to find their footing after a 50 percent plunge during the financial crisis. …read more […]

PepsiCo will buy household drink-machine maker SodaStream for $3.2 billion as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market. Founded in the UK in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavoured syrups to carbonated water, but it faded in popularity as soft drinks became cheaper. PepsiCo will pay $144 per SodaStream share in cash, representing a 10.9 percent premium to Friday’s closing price of SodaStream’s U.S.-listed stock and …read more […]

Aug.20 — China is ready to increase imports of Malaysian goods, especially palm oil. The two countries signed deals that would improve trade between them. Bloomberg’s Tom Mackenzie reports on “Bloomberg Markets: Asia.” …read more […]

Aug.19 — Tesla plunged Friday, capping its worst week since 2016 after the New York Times reported Elon Musk frequently teared up in an interview as he discussed the personal strain of leading the electric-car maker, and also detailed his frequent use of a sleep-aid drug. Bloomberg’s Su Keenan reports on “Bloomberg Daybreak: Australia.” …read more […]

For decades, Michael Drweiga has opened his wallet whenever the donation basket comes around at church, but the latest revelations of priests sexually abusing children brought him to the conclusion that he can no longer justify giving. Brice Sokolowski helps small Catholic nonprofits and churches raise money, but he too supports the recent calls to withhold donations. Across the U.S., Catholics once faithful with their financial support to their churches are searching for ways to respond to the constant sex-abuse scandals that have tarnished the institution in which they believe, with back-to-back scandals in the past two months. …read more […]

U.S. authorities investigating whether President Donald Trump’s former personal lawyer, Michael Cohen, committed bank and tax fraud are focusing on more than $20 million of loans obtained by taxi businesses owned by him and his family, the New York Times reported. Federal investigators are also looking at whether Cohen violated campaign finance or other laws by helping arrange financial deals to secure the silence of women claiming they had affairs with Trump, the paper said, citing people familiar with the matter. The total of the bank loans under scrutiny hasn’t been previously reported. …read more […]

By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures (LCOc1) were at $71.78 per barrel … …read more […]