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Asian stocks tumble as China virus worries deepen
| January 28th, 2020  2:14 AM
Asian stocks tumble as China virus worries deepen
TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong, Taiwan and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.1% to 2,176.72 as it reopened after its own holidays. Japan's…
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Asian stocks tumble as China virus worries deepen
Asian stocks tumble as China virus worries deepen
| January 28th | 2020  2:14AM
Asian stocks tumble as China virus worries deepen
TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong, Taiwan and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.1% to 2,176.72 as it reopened after its own holidays. Japan's…
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Asian shares sink on mounting worries over China outbreak
Economy news icon
| January 27th | 2020  11:29PM
Asian shares sink on mounting worries over China outbreak
TOKYO (AP) — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea's benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. Japan's Nikkei 225 index lost 0.9% to 23,128.24, while Australia's S&P ASX/200 slipped 1.4% to 6,988.60.
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Asian shares fall on continued worries about China virus
Corporate news news icon
| January 27th | 2020  10:13PM
Asian shares fall on continued worries about China virus
TOKYO (AP) — Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. Chinese markets were closed for the New Year's holidays. Japan's benchmark Nikkei 225 shed 0.8% in early trading to 23,166.94, while Australia's S&P/ASX 200 slipped 1.4% to 6,991.70.
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Photo cropping mistake leads to AP soul-searching on race
Photo cropping mistake leads to AP soul-searching on race
| January 27th | 2020  8:55PM
Photo cropping mistake leads to AP soul-searching on race
NEW YORK (AP) — A “terrible mistake” in cropping an African climate activist out of a photo sent to customers of The Associated Press prompted soul-searching and some tense staff conversations over issues of racism and inclusion Monday at the news organization. The AP acknowledged that it aggravated the error through its initial response…
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NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up
Martin Shkreli
| January 27th | 2020  8:27PM
NY, feds sue 'Pharma Bro' for 'scheme' to keep drug price up
NEW YORK (AP) — State and federal authorities sued imprisoned entrepreneur Martin Shkreli on Monday over tactics that shielded a profitable drug from competition after a price hike made the so-called “Pharma Bro” infamous. Shkreli was scorned as the bad-boy face of pharmaceuticals profiteering after he engineered a roughly 4,000% increase…
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California tests find illegal vapes tainted with additives
California tests find illegal vapes tainted with additives
| January 27th | 2020  7:36PM
California tests find illegal vapes tainted with additives
LOS ANGELES (AP) — California officials announced Monday that marijuana vape cartridges seized in illegal shops in Los Angeles contained potentially dangerous additives, including a thickening agent blamed for a national outbreak of deadly lung illnesses tied to vaping. Officials also found that the illegal vapes confiscated in the December…
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Mexico anti-obesity activists win fight for food warnings
Consumer products and services news icon
| January 27th | 2020  7:01PM
Mexico anti-obesity activists win fight for food warnings
MEXICO CITY (AP) — After a decade of fighting for stronger food labeling standards in one of the most obese countries in the world, Mexican activists celebrated Monday over a new rule that will require warning labels on high-calorie products. The new rules will require black octagonal stop signs to be printed on the front of packages…
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New assessment shows 450 structures damaged by Houston blast
New assessment shows 450 structures damaged by Houston blast
| January 27th | 2020  6:25PM
New assessment shows 450 structures damaged by Houston blast
HOUSTON (AP) — An updated assessment released Monday of the impact of a massive explosion at a warehouse in Houston that killed two workers and injured 20 others shows that 450 structures, mostly homes, were damaged. The new total is more than double the initial assessment of about 200 damaged structures after the explosion early Friday at a building at Watson Grinding and Manufacturing.
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Mongolia closes border, China extends holiday to fight virus
Mongolia closes border, China extends holiday to fight virus
| January 27th | 2020  6:11PM
Mongolia closes border, China extends holiday to fight virus
BEIJING (AP) — China expanded its sweeping efforts on Monday to contain a dangerous new virus, extending the Lunar New Year holiday to keep the public at home and avoid spreading infection as the death toll rose to 81. Mongolia closed its vast border with China, and Hong Kong and Malaysia announced they were barring entry to visitors…
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The Latest: US advises travelers to avoid all of China
The Latest: US advises travelers to avoid all of China
| January 27th | 2020  6:08PM
The Latest: US advises travelers to avoid all of China
BEIJING (AP) — The Latest on the new virus from China that has sickened thousands of people and killed dozens (all times local): 6:50 a.m. U.S. health officials have changed their travel advice to American travelers planning to go to China. Previously, the agency advised travelers to avoid any non-essential…
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China virus outbreak rams global tourism, costing billions
China virus outbreak rams global tourism, costing billions
| January 27th | 2020  6:04PM
China virus outbreak rams global tourism, costing billions
Business around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads. Hotels, airlines, casinos and cruise operators were among the industries suffering the most immediate repercussions,…
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Johnson & Johnson (JNJ) Expects It Can Find a Vaccine for Coronavirus, Eventually
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| January 27th | 2020  1:00AM
Johnson & Johnson (JNJ) Expects It Can Find a Vaccine for Coronavirus, Eventually
If you're concerned about the coronavirus that recently cropped up in China, and slightly more recently started cropping up in random places all throughout the globe, then you're part of a pretty big and pretty astute group of people concerned about their own health. Naturally, one of the first thoughts went to some kind of vaccine for this, since we have vaccines for just about everything as it is.
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DR Horton Extends Rally After Raising Guidance
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| January 27th | 2020  1:00AM
DR Horton Extends Rally After Raising Guidance
Home Builder Posts Robust Growth Despite Weak New Home Sales There is a growing expectation that housing stocks (XHB) will outperform the broad market in 2020. A round of solid data, earnings reports from the nation’s top builders, pent up demand, and a persistent shortfall of inventory have set up a perfect storm of conditions. The builders…
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Is Southwest Airlines Ready To Take Off?
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| January 27th | 2020  1:00AM
Is Southwest Airlines Ready To Take Off?
Shares of Southwest Airlines (NYSE: LUV) went into this past weekend up over 2% on Friday and at the week’s high despite the company reporting a miss in their Q4 earnings on Thursday. The Dallas based low cost carrier posted GAAP EPS of $0.98 which was off the consensus by $0.10 and revenue that was off analyst expectations by $10 million and…
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4 Ways to Avoid Blowing Up Your Trading Account
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| January 27th | 2020  1:00AM
4 Ways to Avoid Blowing Up Your Trading Account
Active trading in the stock market can provide you with the potential for huge returns. That being said, you won’t be able to make profits without putting any money at risk. A lot of new traders tend to focus on their profit potential instead of thinking about their downside. With great risk comes great reward, but you should never forget about the possibility of a loss.
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The Five Parts of the Trading Day
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| January 27th | 2020  1:00AM
The Five Parts of the Trading Day
For traders, it’s prudent to segment the trading day into five parts, each with its own characteristics and conditions. This becomes evident when a high-probability trading pattern plays out perfectly in the morning period, but the exact same set-up completely unravels in the afternoon period. This is a familiar and frustrating situation for traders…
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Your Blueprint for Trading EBAY Earnings Reactions
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| January 27th | 2020  1:00AM
Your Blueprint for Trading EBAY Earnings Reactions
Online marketplace platform eBay (NASDAQ: EBAY) reports Q4 2019 earnings after the close on Tuesday, Jan.28, 2020. Consensus analyst expectations are $0.76-earnings per share (EPS) on revenues of $28.11 billion. Investors await more color on the sales of Stub Hub expected at the end of Q1 2020 and further clues of more unwinding of subsidiaries. EBAY is not a very volatile stock due to its large float and relatively price range.
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Is AT&T a Buy as Earnings Approach?
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| January 27th | 2020  1:00AM
Is AT&T a Buy as Earnings Approach?
AT&T (NYSE:T) will announce earnings before the market opens on January 29. The consensus estimate is for the company to report earnings of 87 cents per share and revenue of $46.97 billion. The earnings would be a 1 cent per share increase from the same quarter last year. The revenue, however, would be down just over 2% from the prior year. This…
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Remedies for the Four Pitfalls of Trading Earnings Season
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| January 27th | 2020  1:00AM
Remedies for the Four Pitfalls of Trading Earnings Season
The earnings season is underway bringing forth opportunities and pitfalls. Opportunities and pitfalls are opposites sides of the same coin. Earnings season brings about a heightened state of extreme momentum and volatility that can overwhelm even the most seasoned traders. It’s not a matter of if you will succumb to a pitfall, it’s when and how you remedy the situation moving forward.
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OPB
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Keefe, Bruyette & WoodsUpgrade
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POR
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FMBH
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TWLO
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