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☆ Hong Kong stocks are back from the dead. Here’s why
▼ + stars: | 2024-04-30 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Hong Kong’s benchmark Hang Seng Index surged more than 7% in April as the best-performing major index in the world. The valuation of Hong Kong stocks has also become more “compelling” relative to the rest of the Asian region after the pullback last year, said Zhikai Chen, head of Asian equities at BNP Paribas Asset Management. He added that there is a shift in investors’ sentiments as Chinese economic data turned more positive. Innes said global investors are currently “underweight” in Chinese markets, including Hong Kong, because of geopolitical tensions and concerns surrounding potential fallout from the upcoming US elections. Stock exchange data showed that southbound investors (meaning investment from mainland China into Hong Kong) have bought nearly $20 billion of Hong Kong-listed stocks in March and the first three weeks of April on a net basis.

Persons: ”, Kelly Chung, Zhikai Chen, Stephen Innes, David Chao, Nomura, Xiaomei Chen, Angelina Lai, Innes, Kong, BNP Paribus Organizations: Hong Kong CNN, Hong, Value Partners, BNP, Management, P Global, PMI, Kong's, Reuters, US, People’s Bank of, HK, “ Locations: China, Hong Kong, United States, Beijing, India, James’s, People’s Bank of China

☆ An options trade that wins if stocks continue to struggle into May
▼ + stars: | 2024-04-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Note that the last time, the 10-day moving average crossed above the 21-day moving average was back in late October/early November when the markets were just beginning a new bull run. Based on this thesis I want to make a bearish bet on DIA using a trade structure called a bear put spread. The Trade: DIA is a highly liquid ETF and if you look at its option chain, you will notice that it offers $1 wide strikes. DIA YTD mountain SPDR Dow Jones Industrial Average ETF Trust YTD Amazon and Apple report earnings this week. These are all significant market moving events and so a solid risk management plan needs to be in place for any trades taken this week.

Persons: Dow Jones Organizations: Dow, Dow Jones, Trade, DIA, Apple

☆ Gold near record high on growing geopolitical concerns
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices ticked up, hovering near record-high levels, as fears of escalating tensions in the Middle East drove investors towards the safe-haven metal. Gold prices ticked up on Tuesday, not too far away from a record high hit last week, as concerns about rising geopolitical tensions between Iran and Israel propped up demand for the safe-haven metal. Spot gold was up 0.2% at $2,387.11 per ounce, as of 0355 GMT, after hitting an all-time high of $2,431.29 on Friday. Gold rose 1.6% in the previous session despite data showing U.S. retail sales increased more than expected in March. Citi projected gold prices to trade at $3,000 per ounce over the next 6-18 months.

Persons: Matt Simpson Organizations: East, City Index, U.S ., Citi Locations: Iran, Israel, U.S, India, China

☆ It looks like it could be the end of the AI hype cycle
▼ + stars: | 2024-04-03 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSome AI leaders are starting to ask themselves the question: should we be buying the hype? Almost a year and a half on from the launch of ChatGPT, the hype around the technology is seemingly everywhere. AI image generator Stability AI also lost its chief, Emad Mostaque, amid reports of financial pressure. Others though, like Google deep learning expert François Chollet, are keen to stress just how far off human intelligence today's AI models actually are. Until some real signs of money-making, human-level intelligence do emerge, expect more to call it all hype.

Persons: —, Bill Gates, Elon Musk, it's, Gary Marcus, Sam Altman, Marcus, GmjUDKhc6k — Gary Marcus, @GaryMarcus, Mustafa Suleyman, Emad Mostaque, Eric Schmidt, Demis Hassabis, Musk, François Organizations: Service, Business, Google, Invest, Investors, New York University, Nvidia, NVidia, Blackwell, Microsoft, Financial Locations: OpenAI, Sequoia

☆ This one-time cybersecurity darling is hitting a rough patch. How to profit from its slide
▼ + stars: | 2024-03-05 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

The Trade Setup: PANW 305-300 Bear Put Spread The trade structure I am using here is called a "bear put spread" also known as a "put debit spread". To construct my bear put spread, I need to buy a $305 put and sell a $300 put as a single unit. Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: I've, PANW, Nishant Pant Organizations: Nasdaq, Palo Alto Networks, Elliott, Mar Locations: Palo

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ Ukraine needs different weapons to blunt Russia's artillery fire advantages because HIMARS aren't enough anymore, war experts say
▼ + stars: | 2024-01-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

War experts say Kyiv will need more precision-guided munitions to blunt Moscow's advantage in artillery fire. Western officials continue to warn that giving Ukraine more weapons and ammo is the "path to peace." The experts said Moscow's rate of fire will be sustainable next year "in excess of that number." Notably, Ukraine can no longer rely on its US-provided High Mobility Artillery Rocket System (HIMARS) or Excalibur artillery shells to diminish Russia's firepower, the experts said. "Weapons to Ukraine," he said, "is the path to peace."

Persons: —, Michael Kofman, Dara Massicot, Rob Lee, Dmytro Smolienko, Lee, HIMARS, Serhii Mykhalchuk, Jens Stoltenberg, Antony Blinken Organizations: Service, Kyiv, Carnegie Endowment, International Peace, Foreign Policy Research Institute, American, Publishing, Getty, Artillery, NATO, EG, MGM, Tactical Missile Systems, Republican, Western Locations: Ukraine, Russia, Kyiv, Moscow, Donetsk Oblast, France

☆ 2023 income tax return: Here’s what you need to know before you file
▼ + stars: | 2024-01-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Come Monday, the IRS will start accepting and processing 2023 federal income tax returns. Pull out your return from last year: Your 2022 tax return will give you a good starting point for figuring out what documents you need to have handy to fill out this year’s return, said Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals. Here is a list of the most common and costly tax return mistakes the IRS has seen over the years. Lastly, the program cannot be used to file your state returns, so you’ll have to do that separately but your state may have its own free file program. (More details on the federal Direct File program are here.)

Persons: Tom O’Saben, you’ve, ” O’Saben, O’Saben, didn’t, you’re, filers, Katie Lobosco, Tami Luhby Organizations: New, New York CNN, IRS, Patriots, National Association of Tax, Social Security, Child, filers, Social Locations: New York, Maine and Massachusetts, brokerages, Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming

☆ A trading strategy that wins if tech continues to struggle
▼ + stars: | 2024-01-16 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

Tech earnings kick off next week with Netflix reporting on Tuesday and Tesla on Wednesday. If these tech giants paint a rosy picture, market sentiment could turn around for the Nasdaq. With this view in mind, I am looking to place a small bet against the tech sector using Snowflake (SNOW) as my primary trading vehicle. The Trade Setup: SNOW $195-$190 Bear Put Spread The trade structure I am using here is called a bear put spread, also known as a put debit spread. Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you.

Persons: Tesla, Price, Nishant Pant Organizations: Nasdaq, Netflix, RSI

☆ How to profit from the bearish start to 2024 with a bet against the small-cap benchmark
▼ + stars: | 2024-01-02 | by ( Nishant Pant | ) www.cnbc.com time to read: +5 min

Stock markets usually don't go up in a straight line and a pullback is possibly around the corner. With this view in mind, I am looking for a bearish trade on any of the major index ETFs. I have shown a chart of IWM which is an ETF that tracks the small-cap benchmark Russell 2000. The Trade Set-up: IWM $200-$199 Bear Put Spread With a bearish directional bias in place, all I need to do is find a suitable options structure to take a bearish trade. The trade structure I am using here is called a "bear put spread" also known as a "put debit spread".

Persons: DMI, Nishant Pant, Nishant Organizations: Russell, IWM, Trade Management

☆ A way to bet against tech as cracks start to appear in the comeback
▼ + stars: | 2023-12-05 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

Cracks are beginning to appear in the tech-heavy Nasdaq 100 index . I have shown a chart of Invesco QQQ Trust (QQQ) which is an ETF that tracks the Nasdaq 100. Finding a stock to put on a bearish trade The stock I have picked for a bearish trade is Netflix (NFLX) . Starting Nov. 29, NFLX price candles are forming lower highs and lower lows, which is the easiest way to spot a downtrend. The trade structure I am using here is called a "bear put spread" also known as a "put debit spread".

Persons: NFLX, Nishant Pant Organizations: Netflix, Trade Management

☆ New COVID Variant Takes Hold in the United States
▼ + stars: | 2023-11-28 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Robin Foster HealthDay Reporter(HealthDay)TUESDAY, Nov. 28, 2023 (Healthday News) -- The prevalence of a highly mutated COVID variant has tripled in the past two weeks, new government data shows. Now, nearly 1 in 10 new COVID cases are fueled by the BA.2.86 variant, the U.S. Centers for Disease Control and Prevention reported Monday. Scientists first warned of the highly mutated variant back in August, but it has since spread in several regions of the United States. The CDC also noted that BA.2.86 variant poses a "low" public health risk. But the CDC data released Monday did show that emergency department visits linked to COVID-19 have begun to climb nationwide.

Persons: Robin Foster HealthDay, Jasmine Reed Organizations: U.S . Centers for Disease Control, EG, WHO, CDC, CBS News, JN Locations: New York, New Jersey, United States, U.S

☆ Russia has likely already sacrificed air defense on NATO borders by sending prized S-400s to shore up losses in Ukraine: UK intel
▼ + stars: | 2023-11-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Russia is likely moving expensive air defense systems from Kaliningrad to Ukraine, per UK intel. AdvertisementRussia has likely re-deployed several of its famed S-400 missile systems from Kaliningrad to the Ukrainian frontline, the UK Ministry of Defense said on Sunday. S-400 Triumf missile systems, also known as SA-21s, are long-range surface-to-air systems designed to destroy aircraft and missiles. The UK Defense Ministry had on November 9 predicted that Russia would need to start shifting S-400s along its borders to make up for air defense losses in Ukraine caused by recent strikes. It said the strikes show that Russia's Integrated Air Defense System is struggling to defend against modern weapons supplied to Ukraine.

Persons: — Organizations: intel, Service, UK Ministry of Defense, UK Defense Ministry, Defense Ministry, NATO, US Patriot, Integrated Air Defense, Army Tactical Missile Systems, EG Locations: Russia, Kaliningrad, Ukraine, Ukrainian, Kyiv, Moscow, Poland, Lithuania, Denmark, Baltic, France

☆ A bearish options bet against this coffee stock showing some fatigue
▼ + stars: | 2023-11-21 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Starbucks (SBUX) looks like it could be an interesting stock to bet against. If it moves above 70 it means the stock is overbought, if it drops below 30 the stock is oversold. While being overbought doesn't guarantee a reversal, a drop below the 70 mark after being overbought often signals a potential pullback. DMI (Directional Movement Index): When the DI+ (green line) is above DI- (red line), the stock is in an uptrend. A bear put spread With a bearish directional bias in place, all I need to do is find a suitable options structure to take a bearish trade.

Persons: ”, SBUX Organizations: Starbucks

Over 16,200 new COVID-19 hospital admissions were reported last week – an increase of more than 8% over the week prior. CDC continues to monitor HV.1, EG.5 and all other lineages.”HV.1 was responsible for 29% of new COVID-19 cases in recent weeks, according to estimates from the CDC. Updated COVID-19 vaccines are expected to work on HV.1, which is a descendant of EG.5. Political Cartoons on Women’s Issues View All 73 ImagesNearly 15% of American adults have received the updated COVID-19 shot, according to a survey from the federal government. While the COVID-19 vaccine coverage so far is comparable to the last updated COVID-19 vaccine, it’s still lower than experts were hoping for ahead of the holiday season.

Persons: “, EG Organizations: Centers for Disease Control, CDC, EG Locations: U.S

☆ UK petrol station group EG to buy Tesla charging units
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

A Tesla electric charging point stands unused in a car park, as Britain will ban the sale of new petrol and diesel cars and vans from 2030, five years earlier than previously planned, in London, Britain, November 18, 2020. REUTERS/Simon Dawson/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - British petrol station operator EG Group will buy Tesla's (TSLA.O) ultra-fast charging units to help roll out its electric vehicle charging network across Europe, it said on Monday. The UK had just over 49,000 public electric vehicle charging devices installed as of Oct. 1, according to government figures. The "open network" Tesla chargers being bought by EG will enable all drivers to access them regardless of the brand of their vehicle, the company added. "The rapid installation of reliable, easy-to-use EV charging infrastructure is the right step towards a sustainable future," Tesla's senior director of Charging Infrastructure, Rebecca Tinucci, said.

Persons: Simon Dawson, Issa, Rebecca Tinucci, Sachin Ravikumar, Kate Holton Organizations: REUTERS, EG, Asda, Charging, Thomson Locations: Britain, London, Europe

☆ Russian naval ships struck by exploding drone boats in the night sank to the bottom of the Black Sea, Ukraine says
▼ + stars: | 2023-11-10 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +5 min

Ukraine says its sea drones hit and sank two Russian Black Sea Fleet landing ships. Ukraine has relied on its fleet of explosive drone boats to trouble Russian ships in the Black Sea. AdvertisementAdvertisementUkraine's explosive sea drones have struck again, and this time, Kyiv says they struck and sank two ships belonging to Russia's Black Sea Fleet (BSF). The hit has again raised questions about Russia's ability to protect its Black Sea Fleet from Ukraine. Elsewhere in the Black Sea this week, a Russian anti-radar missile slammed into a Liberian-flagged cargo ship, killing one person and injuring four more.

Persons: — Organizations: Service, Fleet, Defense Ministry, Sig, Security Service, Ukraine Telegram, Russian, Institute for, Liberian Locations: Ukraine, Crimea, Kyiv, Russian, Crimean, Novorossiysk, Kerch, Russia, Ukrainian, Washington, Moscow

☆ Insurers can underwrite dirty energy with impunity
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 9 (Reuters Breakingviews) - Insurers used to get heat for underwriting fossil fuels. Membership of bodies like the Net-Zero Insurance Alliance (NZIA) was supposed to mean financial groups would cease supporting oil, gas and coal, speeding the pace of decarbonisation. Similarly, five of the Lloyd’s insurance market’s managing agents – RiverStone, Chaucer, RenaissanceRe, Ascot and Aegis – have not implemented any restrictions on fossil fuels. Insurers have even fewer qualms about supporting oil and gas. Governments have made energy security a key priority since Russia’s invasion of Ukraine, and can reasonably argue that abrupt halts to backing fossil fuels will just mean higher energy prices.

Persons: Warren, Berkshire Hathaway, Starr don’t, – RiverStone, Chaucer, Insuramore, Pamela Barbaglia, George Hay, Oliver Taslic Organizations: Reuters, Zero Insurance, Axa, Everest, Aegis, Reuters Graphics, X, Bayer, SEC, Paramount, Thomson Locations: Zurich, PICC, RenaissanceRe, Ascot, Ukraine

A new COVID-19 variant has entered the scene in the U.S.HV.1 was documented by the Centers for Disease Control and Prevention in low numbers over the summer. It’s a descendent of EG.5, which is the second most common variant in the U.S. at nearly 22% of new cases, according to estimates from the CDC. That estimate also includes cases from HV.1 and another similar strain, HK.5. The CDC is predicting a “moderate” COVID-19 wave, according to its respiratory disease season outlook. “COVID-19 variants continue to emerge but have not resulted in rapid disease surges,” the CDC said in an update to its respiratory disease season outlook published last month.

Persons: eris, ”, Perry, We've, ” Halkitis, “ Organizations: Centers for Disease Control, EG, World Health Organization doesn’t, WHO, HK, Rutgers School of Public Health, CDC Locations: U.S

☆ Brand-new Russian warship hit by Ukraine is so badly damaged that it is likely out of the action for the foreseeable future, war analysts say
▼ + stars: | 2023-11-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Ukraine struck a brand new Russian warship in Crimea, and experts say the ship likely won't be operable any time soon. AdvertisementAdvertisementUkraine struck a brand new Russian warship far behind enemy lines, analysts say, likely rendering it inoperable for the foreseeable future. They have damaged or destroyed several Black Sea Fleet ships, and in this case, they took a Russian ship out of action before it could even be commissioned. Like many of its previous attacks in and around occupied Crimea, Ukraine's strikes on the Askold were likely conducted by Storm Shadow/SCALP-EG missiles, observers said. The missiles were likely also used in a recent bombardment of Sevastopol that damaged two warships and surrounding shipyard facilities in September.

Persons: —, Storm, Ukraine's USVs, ISW Organizations: Service, Russian, The Institute, Ukraine, Black, Fleet Locations: Ukraine, Russian, Crimea, Kerch, Ukrainian, France, Sevastopol, Russia

☆ A bearish bet on the S&P 500 for investors that don't believe in this comeback
▼ + stars: | 2023-11-07 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, last week's mind-boggling rally following the Federal Reserve's decision to forgo another rate hike caught many investors by surprise. The trade structure I am going to use here is called a “bear put spread” also known as a “put debit spread”. All I need is for SPY to drop by $1 by expiration date for this trade to double my money. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: ” Organizations: Bulls, Federal, Trust

☆ Ukraine likely destroyed 3 of Russia's prized S-400 missile systems worth $1.5 billion, weakening its air defenses, says UK intel
▼ + stars: | 2023-11-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Ukraine has destroyed several Russian long-range air defense systems in the last week, the UK MoD said. Unconfirmed reports said that Ukraine used US-provided ATACMS to strike at the Russian systems. AdvertisementAdvertisementUkraine has likely destroyed at least four Russian long-range air defense systems in the last week, weakening Russia's air defenses, the UK Department of Defense said in an intelligence update on Thursday. AdvertisementAdvertisementAdditional Russian air defense losses have been reported in Crimea by Ukrainian sources. The S-400 was built to rival the $1 billion US-made Patriot air defense system but at a lower price.

Persons: —, Russia's Organizations: MoD, Air Defence, Service, UK Department of Defense, Integrated Air Defence System, Russian Telegram, Tactical Missile Systems, Forbes, NATO Locations: Ukraine, Luhansk, Russia, Crimea, France, Turkey

☆ Sainsbury’s gain is private equity’s pain
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 2 (Reuters Breakingviews) - Red hot competition in the UK grocery market is favoring the largest players. Sainsbury’s CEO Simon Roberts reckons the 6.5 billion pound group has been taking market share from rivals including discounters Aldi and Lidl. That may not be good news for Sainsbury’s smaller peers like Morrisons and Asda, owned by Clayton, Dubilier & Rice and EG Group respectively. Both Sainsbury’s and Tesco have held their market shares relatively stable since 2021, when CD&R bought Wm Morrison. Sainsbury’s is currently valued at 5 times forward EBITDA, according to LSEG data.

Persons: J Sainsbury’s, Simon Roberts reckons, Wm Morrison, Aimee Donnellan, Aston Martin, Neil Unmack, Streisand Neto Organizations: Reuters, Aldi, Tesco, Clayton, Rice, EG, R, Asda, Morrisons, Pfizer, Thomson Locations: Britain’s, Asda, Dubilier

☆ A bearish bet on a dollar store stock that keeps hitting resistance
▼ + stars: | 2023-10-31 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

A bearish bet on Dollar General using Options Spreads Dollar General (DG) has been stuck in a bear trend since November 2022. And although DG has experienced some upward momentum since mid-October, this upward momentum is now facing resistance once again at the 50-day average. Starting on 10/26, RSI has changed direction and is pointing down, indicating that the stock is losing its upward momentum. DMI (Directional Movement Index): a) When the DI+ (green line) is above DI- (red line), the stock is in an uptrend. DG YTD mountain Dollar General, YTD If DG is trading at 119 or below on expiration date, this trade will double my money.

Persons: Nishant Organizations: RSI, DI, DG, ½, YTD

☆ An options trade with a high probability of success into Microsoft's earnings after the bell
▼ + stars: | 2023-10-24 | by ( Nishant Pant | ) www.cnbc.com time to read: +8 min

Setting up the Earning Iron Condor Selling an Iron Condor is an options trading strategy where you simultaneously sell out-of-the-money call spreads and put spreads. Most trading platforms will allow traders to put this trade as one unit by selecting "Sell Iron Condor" as the trade structure. 80% probability of success, as is the nature of high probability trading, the risk is higher than the max profit. (Try an unbalanced Iron Condor) This trade has 80% chance of success based on options probabilities. The put spread has a 90% probability of success and the call spread has the original 80% probability of success.

Persons: MSFT Organizations: Microsoft, Condor, Iron Condor, Traders Locations: MSFT

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