Is AAL stock a good buy as a Covid-19 vaccine rollout starts and the 737 Max grounding has been lifted? Let's take a look at American's earnings and stock chart.
- Motley Fool
NCLH earnings call for the period ending December 31, 2020.
- USA TODAY
The Pokémon Company unveiled new games on Friday as part of the celebration of the franchise's 25th anniversary.
- Investor's Business Daily
On Feb. 24, LUV stock gapped down and fell 4.3%. It also tripped below the 50-day moving average in heavy volume. That triggered a key sell rule.
- Motley Fool
The week before last, Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) released its 13F filing, showing the company's stock buys and sells for the fourth quarter, and there weren't too many newsworthy items. It's perhaps not a surprise that Buffett and his investing team are looking hard at "safe" ways to play the 5G transition today, just when the first 5G iPhones are hitting the market. It's interesting, however, that Berkshire is betting on two different horses in this high-stakes race.
All the major themes that come up later in Bezos's career, from his ambition to long-term thinking, are here in this letter to shareholders.
(Bloomberg) -- Gold headed for its worst month since late 2016 as a stronger dollar and expectations for improving economies diminish demand for the haven asset.The Bloomberg Dollar Spot Index was on course for a second week of gains. Meanwhile, a report Friday showed U.S. personal incomes soared in January as pandemic-relief checks helped to re-charge the economy with the strongest spending advance in seven months.Bullion has fallen more than 8% this year as traders focus on a recovery from the Covid-19 pandemic and higher Treasury yields, which make the metal less competitive because it doesn’t offer interest. That has caused holdings in bullion-backed exchange-traded funds to fall to lowest since July.Gold “is having a rough 2021 and the only thing that can right the ship is if central banks thwart the trajectory of bond yields,” said Edward Moya, a senior market analyst at Oanda Corp. “The Fed will have plenty of opportunities to stem surging Treasury yields, but for now it seems they can be a little more patient.”Federal Reserve Chairman Jerome Powell this week assured investors that the central bank is in no rush to pull back stimulus, boosting demand for many raw materials while further reducing the appeal of gold as a haven asset. Powell called the recent run-up in bond yields “a statement of confidence” in the economic outlook.Bullion declined further on Friday as traders exited positions, with U.S. equities trading mixed and global bond rout easing.“Gold got hit aggressively just after the cash equities open today,” said Tai Wong, head of metals derivatives trading at BMO Capital Markets, noting that investors sold their holdings after the metal failed to maintain the key levels of $1,760 to $1,765 an ounce in overnight trading.Spot gold dropped 2.4% to $1,728.92 an ounce at 3:22 p.m. in New York, after slumping to the lowest since June earlier. It’s down more than 6% this month, on pace for its biggest loss since November 2016. Futures for April delivery on the Comex fell 2.6% to settle at $1,728.80 an ounce.Silver and palladium declined more than 3% on Friday, while platinum was down more than 2%. The Bloomberg Dollar Spot Index rose 0.6%.Natixis’ Bernard Dahdah said he wouldn’t expect the same “collapse” in gold seen in 2011, “but clearly there will be some pressure on prices as economies in the West open up.”He sees gold around $1,700 in the longer term given the abundance of liquidity in financial markets. Bullion may also face downward pressure from stock market selloffs as some investors look for cash to cover margin calls, he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
While there is still plenty of potential new oil supply on the market, particularly from OPEC+, analysts remain very bullish and banks are beginning to talk about $100 oil
- Simply Wall St.
Today we will run through one way of estimating the intrinsic value of Altus Group Limited ( TSE:AIF ) by estimating...
The oil and gas rig count, an early indicator of future output, rose five to 402 in the week to Feb. 26, its highest since May, energy services firm Baker Hughes Co said in its closely followed report on Friday. The total count, however, has soared since hitting a record low of 244 in August, according to Baker Hughes data going back to 1940. U.S. oil rigs rose four to 309 this week, their highest since May, while gas rigs rose one to 92.
"Her political connections apparently also won her an appointment with the then prime minister of India, Jawaharlal Nehru, at his residence in New Delhi."
- Yahoo Finance
“A happy life is very simple,” the 97-year-old Munger said during the Annual Meeting of Shareholders of the Daily Journal Corporation.
(Bloomberg) -- The world’s largest Bitcoin fund is selling off faster than the cryptocurrency itself as investors rush to the exits.The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 22% this week, outpacing a 17% decline in the world’s largest cryptocurrency. That’s evaporated GBTC’s once-massive premium to the Bitcoin it holds, with the price of GBTC closing 3.8% below the value of its underlying holdings on Thursday -- a record discount, according to data compiled by Bloomberg.It’s an unusual situation for GBTC, which has persistently traded at a premium to its net asset value since the fund’s launch in 2013. That figure soared to 40% in late 2020, with investors willing to pay a markup for exposure to Bitcoin‘s dizzying rally. That avalanche of inflows swelled the number of GBTC shares outstanding to a record 692 million. However, GBTC doesn’t allow redemptions -- meaning that shares can only be created, but not destroyed. With Bitcoin’s climb now stalling, that’s created a supply and demand imbalance as participants in the trust seek to find buyers in the secondary market.“It’s more indicative of the fact that there are so many shares are available, and it indicates demand for Bitcoin at these prices is falling off,” said Bloomberg Intelligence analyst James Seyffart.Bitcoin surged to a record of over $58,000 last weekend, but has stumbled since. The cryptocurrency slipped another 0.2% on Friday, on track for its worst weekly pullback in a year. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, is down 19.7% this week.Bitcoin’s lurch lower is part of a broader risk asset stumble, as spiking Treasury yields rattle the market’s more speculative fringes. High-flying tech stocks have been hammered as investors reassess lofty valuations, with the Nasdaq 100 on track for its worst week since March.Among those hit the hardest is Cathie Wood’s lineup of Ark Investment Management ETFs. The flagship ARK Innovation ETF is on track for a fifth consecutive day of declines, and is poised to erase its year-to-date gains after a nearly 150% surge in 2020. Ark Investment is the fourth-largest holder in GBTC.Michael Sonnenshein, chief executive officer of Grayscale Investments, acknowledged the risk of GBTC’s premium disappearing while speaking in a panel for the Bloomberg Crypto Summit on Thursday.“It’s certainly a risk, no question about it, but ultimately price discovery in GBTC every day is driven entirely by market forces,” Sonnenshein said.A host of new entrants could also be challenging GBTC’s command of the competitive landscape. The Bitwise 10 Crypto Index Fund, the Osprey Bitcoin Trust and the SkyBridge Bitcoin Fund LP have all launched within the past three months. Meanwhile, two Bitcoin ETFs -- a structure yet to be approved by U.S. regulators -- began trading this month in Canada.“Since the beginning of the year, we’ve seen the launch of multiple competing products,” said Nate Geraci, president of the ETF Store, an advisory firm. “The unpleasant truth for GBTC investors is that competition erodes demand for the product, which can lead to a collapsing premium or even a discount.”(Updates prices throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.
- FX Empire
The British pound has fallen on Friday to slice through the 1.40 level. This correction has been long overdue and quite frankly is welcomed.
- Yahoo Finance
Billionaire Thomas Tull — who runs a holding company Tulco modeled in part after Buffett's — described a piece of advice from Buffett that 'impacted' his decision-making.
What do Tesla, Square, bitcoin, and Shopify have in common? Wood’s “disruptive innovation” fund has posted a 140% gain over the past year, blowing away the 21% gain of the broader US stock market. ARK’s most surprising forecast is of its own backlash: “I think it’s likely that at some point, people will think that ARK was a scam, and that we don’t know our left from our right,” research director Brett Winton told Bloomberg this month.
Apple (AAPL) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
Saudi Arabia's 2060 Eurobond rose on Friday after Crown Prince Mohammed bin Salman was spared U.S. sanctions over the 2018 killing of journalist Jamal Khashoggi, though short-term debt and a basket of Saudi stocks ended lower. The April 2060 sovereign issue was up more than 1 cent, while the 2025 and 2030 were both down 0.5 cent after the Biden administration announced sanctions and visa bans targeting Saudi citizens, but stopped short of imposing sanctions on Crown Prince Mohammed bin Salman (MBS) himself.
One of the hottest tickers of Wall Street -- Tesla -- will likely stage a losing streak in the near term on rising rate worries and overvaluation concerns. But that should not hold you back from investing EV ETFs that has strong potential and decent valuation.
The $20 trillion Treasury bond market is getting jittery. The question is what is the Federal Reserve going to do about it? The US Treasury’s auctions of five- and seven-year securities were poorly received by investors.