Trading Ideas

(Bloomberg) — For American brands struggling to survive the resurgent coronavirus, China is proving to be one of the few bright spots. As Alibaba Group Holding Ltd. prepares to host its biggest and most global shopping marathon ever, its position as a gateway to the world’s fastest-recovering economy is winning points with an increasingly hostile U.S. administration.Alibaba’s Singles’ Day event culminates annually Nov. 11, an online shopping phenomenon that with $38 billion of sales in 2019 easily dwarfed Black Friday and Cyber Monday. The festivities, which provide a snapshot of Chinese consumption, will feature the largest international presence since the …read more […]

Wall Street is a fickle place. The very investors that put a stock on a pedestal can pull it down to terra firma in no time. Just look at Fastly (FSLY).Until mid-October, the edge computing services provider had been one of 2020’s strongest performers, rising by more than 500%. However, Fastly let investors down when it announced preliminary Q3 results midway through October, lowering its previous estimates for the quarter, after which shares duly plunged.The violent selloff continued for most of last week, in tandem with the broader market’s decline. Fastly stock is now down by 52% since peaking at …read more […]

Shares of the digital payments processor fell more than 6% in extended trade. For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts’ estimated growth of about 24%, according to IBES data from Refinitiv. PayPal Chief Executive Dan Schulman said in a call with analysts that the company was giving a more prudent estimate for the fourth quarter in part because of uncertainty due to the pandemic and its impact on the global economy, as well as Tuesday’s U.S. presidential election and concerns about social unrest. …read more […]

(Bloomberg) — China warned Jack Ma and senior Ant Group Co. executives that the fintech giant will face new curbs on its expansion, highlighting growing regulatory risk for the world’s largest initial public offering just days before its trading debut.Ma, Ant’s billionaire co-founder and one of China’s most powerful businessmen, was summoned to a rare joint meeting on Monday with the country’s central bank and three other top financial regulators. While neither side disclosed details of what was discussed, people familiar with the matter said Ant’s leadership team was told the company will face increased scrutiny and be subject to …read more […]

The election is tomorrow!
Holy $^@#!
If you’re concerned about how the markets will react – you’re not alone.
Stock markets hate uncertainly, and this is BY FAR the most uncertain election we’ve ever faced in our lifetimes.
That’s why I’m inviting you to a special Election Survival Summit.
It all happens on Wednesday, November 4, at 1 p.m. ET.
That’s the first day the markets are open after the election.
Biden win? Trump upset? No clear winner named?
Who knows?
But no matter the outcome…
Karim and I will take you into the markets – LIVE – and tell you exactly how to get positioned for any post-election-related volatility.
We’ll …read more […]

Alexis Christoforous and James Hardiman, Wedbush Leisure analyst, discuss cruise outlook after Norwegian extends cancellations. …read more […]

Well, tomorrow is it – the day we start waiting weeks for the final election results and fighting over whatever the 2020 version of hanging chads is.
There is a lot of built-up anxiety surrounding the election, and regardless of what happens, nearly half of the country is going to be bitterly disappointed.
At best, there will be protests in the streets. I don’t even want to think about “at worst.” The loser is likely to claim that the election was stolen. It’s going to be an emotional time.
One thing we know is that emotions and money do not mix.
I’ve never once …read more […]

Stock futures opened slightly higher Monday evening ahead of Election Day, as investors weighed a host of possible outcomes against a backdrop of an ongoing pandemic and lingering economic strain. …read more […]

Yahoo Finance’s Alexis Christoforous and Dan Howley discuss how big tech could be in the crosshairs no matter the election results. …read more […]

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Mondelez reported Q3 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $6.67 billion versus the consensus estimate of $6.48 billion. …read more […]

PayPal shares turned lower after the bell on Monday despite strong e-commerce sales figures. …read more […]

Why is economic inequality growing in America? Blame the lack of tax enforcement. …read more […]

Stocks rose Monday before paring some gains ahead of a busy week of potentially market-moving events. Election Day in the U.S., a Federal Reserve meeting, the October jobs report and a slew of corporate earnings results are all on deck. Yahoo Finance’s Jared Blikre, Seana Smith, and Adam Shapiro break down today’s market action on Yahoo Finance Live. …read more […]

The gig economy is on the ballot in California on election day. Akiko Fujita joins Yahoo Finance Live to break down Prop 22 and what it means for the gig economy and gig economy workers in California if it is passed. …read more […]