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Monthly Archives: August 2018

Rick Gates set to testify against Paul Manafort Monday

Getty Images Richard Gates arrives at the Prettyman Federal Courthouse for a hearing February 23, 2018 in Washington, DC. Rick Gates, the star witness in special counsel Robert Mueller’s fraud and conspiracy trial against former Trump campaign chairman Paul Manafort, will take the stand Monday to testify against his former …

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As Disney nears new high top technician says there’s more gains ahead 

A number of media stocks are gearing up to report earnings this week, and one top technician says Disney could be set to soar. Shares of the media giant were in rally mode Monday, hitting the highest level since November 2015. According to Carter Worth, head of technical analysis at …

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China’s stock market plunge will not end its trade war with US

“The broader picture is what could happen to the economies, the bigger economic impact, and if we did go down that path of rapid escalation, that could affect Chinese economic growth which is currently on a path toward slowing,” global market strategist Peter Donisanu said on July 5. On Monday, …

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SeaWorld shares skyrocket after earnings show better attendance

Wolfgang Kaehler | LightRocket | Getty Images SeaWorld in San Diego, California. SeaWorld Entertainment shares jumped after a strong second-quarter earnings report, boosted by higher attendance after years of declining visitor interest. Shares were up as much as 18 percent, rising the most in over five years, after the company …

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Trump may not like Powell rate hike policy, but stocks give Fed chair high marks in first six months

Getty Images President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. President Donald Trump may not like the Fed’s interest …

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 Hayman’s Kyle Bass says US has leverage to fight Trump trade war

Hayman Capital Management founder Kyle Bass said the U.S. has the upper hand during trade negotiations with China and doesn’t see the depreciation of China’s currency as problematic. “I think that we have the leverage here. China’s been fighting a trade war for the last 10 years; the U.S. has …

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YouTube removes Alex Jones’ page, following earlier bans

Brooks Kraft | Getty Images Conspiracy theorist and radio talk show host Alex Jones speaks during a rally in support of Donald Trump near the Republican National Convention, July 18, 2016 in Cleveland, Ohio. YouTube has removed Alex Jones’ page, following bans earlier Monday from Apple and Facebook. The Alex …

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Facebook in talks with banks to add your financial info to Messenger

Bloomberg | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook, holds his phone after the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Friday, July 13, 2018.  Facebook is considering a Messenger feature that would incorporate a …

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Three options strategies for the week: July 6

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw recommends a put calendar in Snap. Carter Worth and Mike Khouw like Disney. Dan Nathan recommends a call spread risk reversal in Advanced Micro. Trader disclosure: On August 3, 2018, the following stocks and …

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Catalysts make for a ‘compelling’ buy

Patrick T. Fallon | Bloomberg | Getty Images Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada. Cowen bumped its rating on shares of Qualcomm to “outperform” from “market perform” on …

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