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Trader: Beware the opportunity in Puerto Rican debt

Puerto Rico’s debt hit a record low today after President Donald Trump suggested the island’s debt may have to be wiped out after Hurricane Maria’s destruction.

  • Is Cocrystal Pharma, Inc. (NASDAQ:COCP) Overpaying Its CEO?
    Business
    Simply Wall St.

    Is Cocrystal Pharma, Inc. (NASDAQ:COCP) Overpaying Its CEO?

    In 2016 Gary Wilcox was appointed CEO of Cocrystal Pharma, Inc. (NASDAQ:COCP). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. According to our data, Cocrystal Pharma, Inc. has a market capitalization of US$42m, and paid its CEO total annual compensation worth US$558k over the year to December 2018.

  • Bulgaria ready to sweeten its bid to win Volkswagen plant: lobby group
    News
    Reuters

    Bulgaria ready to sweeten its bid to win Volkswagen plant: lobby group

    Bulgaria is ready to offer more incentives to Volkswagen to build a new plant in the country after the carmaker postponed a decision on building it in Turkey amid criticism of Ankara's offensive in Syria. Sofia is ready to boost its offer and double the subsidies available to Volkswagen to 260 million euros from an initial 135 million, Rosen Plevneliev, a board member of the non-governmental Bulgarian Automotive Cluster, told Bulgaria's BNR public radio on Wednesday. The Balkan country has been in Volkswagen's shortlist for the new plant and the announcement regarding Turkey, has raised its hopes.

  • Aurora Cannabis Stock Is Gearing Up for a Breakout
    Business
    Market Realist

    Aurora Cannabis Stock Is Gearing Up for a Breakout

    There have been several bullish bets placed on ACB, suggesting that it could surge higher in the coming weeks and months. A 13% move in Aurora Cannabis stock The implied volatility for the options, at a $4.00 strike price that expires on October 25, stands at 83.59%. Looking at the October 25 options, I see a bid/ask for the $4.00 call option of $0.11/$0.12.

  • Is H&R Block, Inc. (HRB) Going to Burn These Hedge Funds?
    Business
    Insider Monkey

    Is H&R Block, Inc. (HRB) Going to Burn These Hedge Funds?

    Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the nearly unlimited research abilities of the big players within the hedge fund industry can easily identify the undervalued and high-potential stocks that reside the ignored corners of equity markets. There are numerous small-cap stocks that have turned out to be great winners, which is one of the main reasons the Insider Monkey team pays close attention to the hedge fund activity in relation to these stocks.

  • TTD, OKTA, NOW, and TWLO Lead Tech Losses Today
    Business
    Market Realist

    TTD, OKTA, NOW, and TWLO Lead Tech Losses Today

    High-growth technology companies have lost significant market value in the first half of October. The Trade Desk (TTD), ServiceNow (NOW), Okta (OKTA), and Twilio (TWLO) are trading lower by 6.2%, 8.7%, 6%, and 5%, respectively, today. TTD is trading 31% below its 52-week high It seems like investors are still concerned about the high valuations of high-growth companies.

  • Take Buffett’s Advice: 5 Vanguard Funds to Buy
    Business
    InvestorPlace

    Take Buffett’s Advice: 5 Vanguard Funds to Buy

    Specifically, he recommended that the cash left to his wife be invested 10% in short-term government bonds and 90% in a very low-cost S&P 500 index fund. Not just any index fund mind you, but a Vanguard fund in particular. Hot Stocks Staging Huge Reversals Whether it be exchange-traded funds (ETFs) or mutual funds, the Oracle of Omaha believes Vanguard funds are the way to go.

  • Intel Stock Could Jump after Earnings
    Business
    Market Realist

    Intel Stock Could Jump after Earnings

    Shares of Intel Corporation (INTC) have returned 0.2% over the past month, which shows that Intel stock is outperforming the US semiconductor industry's loss of 1.7% at the same time. Intel is slated to report its third-quarter earnings on October 24 before the market opens. Currently, Wall Street analysts expect INTC's earnings to grow 5.61% in the third quarter to $1.17 per share.

  • Tesla: Why Demand Could Be a Concern
    Business
    Market Realist

    Tesla: Why Demand Could Be a Concern

    Moreover, the puts at the $245.00 strike price outweigh the call options about 2:1 with 3,471 open puts to 1,801 open calls. Bearish options bets on Tesla stock The options, which expire on November 15, saw increased put buying over the past few weeks. According to Barchart.com, the open interest for the $230 puts rose by 1,735 contracts to a total of 7,535 open contracts.

  • Volvo Cars CEO on XC40 Recharge EV, Hybrid Subsidy, China
    Business
    Bloomberg

    Volvo Cars CEO on XC40 Recharge EV, Hybrid Subsidy, China

    Hakan Samuelsson, president and chief executive officer at Volvo Car Group, discusses the launch of the automaker's first all-electric vehicle, its plan to pay the first year's worth of charging costs for owners of its plug-in hybrids, and opportunities in China. He speaks on “Bloomberg Markets.

  • Bank of America declares ‘the end of the 60-40’ standard portfolio
    Business
    MarketWatch

    Bank of America declares ‘the end of the 60-40’ standard portfolio

    Investors have long been told that the ideal portfolio should carry 60% of its holdings in equities and 40% in bonds, a mix that provides greater exposure to historically superior stock returns, while also granting the diversification benefits and lower risk of fixed-income investments. But in a research note published by Bank of America Securities titled “The End of 60/40,” portfolio strategists Derek Harris and Jared Woodard argue that “there are good reasons to reconsider the role of bonds in your portfolio,” and to allocate a greater share toward equities.

  • Business
    Benzinga

    LPL Financial: 'Better Times Lie Ahead For Corporate Earnings Growth'

    The third-quarter earnings season does not hold much promise, with S&P 500 earnings unlikely to have shown much growth, John Lynch, LPL's chief investment strategist said in a Monday report. The opportunity for upside surprise is also limited given the U.S.-China trade uncertainty, he said. Lynch sees the slower economic growth in the U.S. as well as in global economies hurting revenues, and tariffs and supply chain disruptions hurting profit margins.

  • Is bluebird bio Inc (BLUE) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is bluebird bio Inc (BLUE) Going To Burn These Hedge Funds ?

    Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 40 percentage points since May 2014 through May 30, 2019 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017.

  • PG&E’s power outages have juiced businesses interest in alternative energy suppliers
    Business
    American City Business Journals

    PG&E’s power outages have juiced businesses interest in alternative energy suppliers

    PG&E's power outage last week left restaurants, manufacturers and a host of other companies scrambling for alternative power sources, creating a spike in interest for companies dealing in technologies from solar panels to batteries to microgrid systems. Keeping the lights on, literally, apparently is more of a driving force for using alternative energy sources than reducing a company's carbon footprint or saving money on electricity bills.  “The theme we are seeing is that people in the past were focused on microgrids for sustainability reasons. Now resiliency is the focus,” said Asim Hussain, vice president of commercial strategy and customer experience for San Jose-based Bloom Energy, which sells and leases microgrids.

  • China Threatens to Retaliate If U.S. Enacts Hong Kong Bill
    World
    Bloomberg

    China Threatens to Retaliate If U.S. Enacts Hong Kong Bill

    China's foreign ministry issued the warning Wednesday after the U.S. House passed a package of measures backing a pro-democracy movement that has rocked the former British colony for more than four months. Among them was the Hong Kong Human Rights and Democracy Act, which subjects the city's special U.S. trading status to annual reviews and provides for sanctions against officials deemed responsible for undermining its “fundamental freedoms and autonomy. QuickTake: How the U.S. Congress Is Riling China on Hong Kong While the legislation must also pass the U.S. Senate and be signed by President Donald Trump to become law, it already has strong bipartisan support in the Republican-run upper ch...

  • Netflix shares soar after Q3 earnings report, beating estimates
    Business
    Yahoo Finance Video

    Netflix shares soar after Q3 earnings report, beating estimates

    Netflix were higher after the streaming service reported its Q3 earnings, beating estimates. Leigh Drogen, the CEO of Estimize, joins Yahoo Finance's Jen Rogers, Myles Udland and Dan Roberts to talk about the results.

  • Worried about flying on a 737 Max? Your options may be few
    Business
    Associated Press

    Worried about flying on a 737 Max? Your options may be few

    At some point early next year, air travelers will need to decide if they're willing to take a flight on a Boeing 737 Max. "We will take care of customers who are not comfortable flying on the Max. We will rebook them," said American Airlines spokesman Ross Feinstein. The airline won't charge those passengers the standard $200 fee for changing a ticket, he said.

  • Phoenix City Council approves Uber, Lyft fee hike to access airport
    Business
    American City Business Journals

    Phoenix City Council approves Uber, Lyft fee hike to access airport

    Phoenix City Council approved a measure Wednesday that would increase fees for ride-hailing companies like Uber (NYSE: UBER) and Lyft (Nasdaq: LYFT) when they do business at Phoenix Sky Harbor International Airport. The measure will increase roundtrip fees by 200% by increasing the pick-up fee from $2.66 to $4 and adding a $4 drop-off fee, which didn't exist before. The measure was approved by a 7-2 vote, with Councilman Sal DiCiccio and Vice Mayor Jim Waring voting against it.

  • Blizzard bans more players for pro-Hong Kong comments
    Business
    American City Business Journals

    Blizzard bans more players for pro-Hong Kong comments

    For the second time in as many weeks, Blizzard Entertainment Inc. has suspended "Hearthstone" players for political statements made during an esports livestream. This time it was a trio of 19-year-olds from American University who held up a sign that read "Free Hong Kong Boycott Blizz" as their match against Worcester Polytechnic Institute in the Fall 2019 "Hearthstone" Collegiate Championships drew to a close. A week later, as the team's next match approached, one of the players, Casey Chambers, posted on Twitter that he and his teammates had received notice of a six-month ban from competition.

  • Hong Kong Protesters Rage Against Corporate China's Growing Control
    World
    Bloomberg

    Hong Kong Protesters Rage Against Corporate China's Growing Control

    The black-clad protesters pushing back against China's influence in Hong Kong aren't just focusing on Carrie Lam and the police. They're also targeting mainland-based brands such as Bank of China Ltd., China Mobile Ltd. and Huawei Technologies Co. with fire bombs, metal bars and spray paint. A walk down the primary route used by Hong Kong's anti-government marchers shows how big a chunk of the city China owns.

  • Chief of Exelon’s Utility Business Retires During Federal Probe
    Business
    Bloomberg

    Chief of Exelon’s Utility Business Retires During Federal Probe

    Anne Pramaggiore, senior executive vice president and chief executive officer of Exelon Utilities, is leaving “effective immediately,” the company said in a statement Tuesday. Calvin Butler Jr., chief of Exelon's Baltimore Gas and Electric utility, was named as her interim replacement. Pramaggiore's departure comes less than a week after Exelon disclosed in a regulatory filing that it received a subpoena from federal prosecutors asking for information related to communications with Illinois State Senator Martin Sandoval.

  • Is EPR Properties (EPR) A Good Stock To Buy ?
    Business
    Insider Monkey

    Is EPR Properties (EPR) A Good Stock To Buy ?

    At the end of the second quarter, a total of 20 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 18% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards EPR over the last 16 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

  • Hedge Funds Have Never Been This Bullish On Elastic N.V. (ESTC)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Elastic N.V. (ESTC)

    Our calculations also showed that ESTC isn't among the 30 most popular stocks among hedge funds (view the video below). ESTC was in 27 hedge funds' portfolios at the end of June. There were 18 hedge funds in our database with ESTC holdings at the end of the previous quarter.

  • Kroger adds restaurants made famous on M*A*S*H to two stores
    News
    American City Business Journals

    Kroger adds restaurants made famous on M*A*S*H to two stores

    A Toledo company whose restaurants were made famous by the hit TV series M*A*S*H has reached a deal to open two restaurants in Kroger Co. stores. Tony Packo's, the real restaurant that was a favorite of fictional character Klinger, who craved its Hungarian hot dogs with chili peppers while serving in the Korean War on M*A*S*H, will have a Kroger location by year-end. A second will be opening soon after that, Tony Packo's vice president in charge of restaurants Scott Radel told me.

  • New York Utility in Faceoff With Cuomo Eyes Natural Gas by Truck
    Business
    Bloomberg

    New York Utility in Faceoff With Cuomo Eyes Natural Gas by Truck

    The New York utility owner that's gone head-to-head with Governor Andrew Cuomo over a new natural gas pipeline has a backup plan for easing a winter supply crunch: Send the fuel by truck. National Grid Plc customers in the Hamptons and other parts of Long Island may receive deliveries of compressed natural gas from Texas-based Thigpen Solutions LLC, which signed a contract to supply the heating fuel at peak demand periods when the weather gets cold enough, according to a filing last month. Thigpen would send two trucks an hour for as many as eight hours on specified days, Chief Executive Officer Sam Thigpen said.

  • How a Hong Kong Heiress Triggered a Starbucks Backlash
    World
    Bloomberg

    How a Hong Kong Heiress Triggered a Starbucks Backlash

    Protesters have relentlessly targeted the company after the daughter of Maxim's founder, Annie Wu, criticized Hong Kong demonstrators at the United Nations Human Rights Council last month. It was a rare public appearance from a member of a billionaire family that founded a restaurant group with $2.6 billion in annual revenue, and that operates more than 1,300 outlets in Hong Kong and other parts of Asia, including Starbucks. In the mainland, Wu received praise from state media, but in Hong Kong, fallout was swift.