The COVID-19 Effect On Markets From Stimulus To A Record Surge In Cases, 3M's Job Cuts, And Goldman's Bullish Call On Tesla
Play • 46 min

Carl Quintanilla, Jim Cramer and David Faber discussed Wall Street's hopes for passage of a pandemic relief bill: Democratic leaders on Capitol Hill signaled that a $908-billion bipartisan proposal

would be a starting point for negotiations with the White House and Republican leaders. This in wake of COVID-19 cases and deaths in the U.S. set one-day records on Wednesday. The pandemic's impact also resulting in 3M announcing 2,900 job cuts. The anchors reacted to Goldman Sachs hiking its price target for Tesla to a Wall Street high of $780 per share -- and explored the

the following question: At what level are you too bullish on Tesla? Also in focus: The parade of SPACs trading for the first time, stock market winners and losers, plus what Salesforce CEO Marc Benioff said at Dreamforce about his company's acquisition of Slack.

Marketplace Roundtable
Marketplace Roundtable
Seeking Alpha
The Value Investor's Edge Live #29: Navigating Product Tanker Markets With Ardmore Shipping (ASC)
Paul Tivnan, CFO of Ardmore Shipping (ASC), a leading product tanker shipping company, joined J Mintzmyer's Value Investor's Edge Live on Nov. 17, 2020, to discuss the product tanker markets and forward capital allocation priorities. Ardmore trades at a nearly 50% discount to net asset value, so their repurchase program is of particular interest. This interview and discussion of the underlying product markets is relevant for anyone with tanker investments or interests, including Diamond S (DSSI), DHT Holdings (DHT), Euronav (EURN), Frontline (FRO), International Seaways (INSW), Navios Acquisition (NNA), Nordic American Tankers (NAT), Scorpio Tankers (STNG), Teekay Tankers (TNK), Torm (TRMD), and Tsakos Energy Navigation (TNP). Topics Covered (<1:20) Intro/Disclosures (1:30) Update on product tanker market? Any near-term optimism?  (6:00) What is the expected impact of new refineries on ton mileage?  (8:30) How much is lower jet fuel demand impacting trade?  (10:30) Updated capital allocation policy? Repurchases?  (13:45) Levers to build liquidity? Timeframe for repurchase program?  (17:30) Commentary on repurchase program. Interest in selling ships?  (22:30) Focus on per share returns for capital allocation?  (24:50) What is your current estimate of ‘excess liquidity?’  (28:00) Justification for rejecting HAFNIA offer? Trading below that range?  (32:50) How do your ‘Eco-Mod’ ships compare to Eco-Design ships?  (35:15) Differentiating factors of ASC's chemical tankers?  (37:00) Reasonable timeline for product tanker markets to normalize? Learn more about your ad choices. Visit megaphone.fm/adchoices
43 min
Wall Street Breakfast
Wall Street Breakfast
Seeking Alpha
AlphaTALKS Wall Street Breakfast, Jan. 16: What Moved Markets This Week
Big Picture Stocks sold off at the end of the week for their first three-day losing streak since October. Banks kicked off earnings season with mixed results and the Financial Select Sector SPDR ETF slid 1.3% Friday. The yield on 10-year Treasuries rallied past 1.1% ahead of President-elect Joe Biden's stimulus announcement late Thursday but retreated Friday after disappointing retail sales. The reflation trade appears to have lost some enthusiasm as cyclicals failed to rally tech. Winners & Losers Energy stocks were one winner, with the Energy Select Sector SPDR ETF (NYSEARCA:XLE) gaining more than 7% this week. This even though shares of Exxon Mobil (NYSE:XOM) dropped on reports of allegations the company had overvalued its Permian Basin properties. Still, XOM was up double digits for the week. Other oil stocks performed even better. Occidental Petroleum (NYSE:OXY) was up 18% this week. HollyFrontier Corp. (NYSE:HFC) added 12% and Marathon Oil (NYSE:MRO) 13%. Banks sold off yesterday even though some beat earnings. JPMorgan Chase (NYSE:JPM) slumped over 1% despite fourth-quarter earnings and revenue topping expectations. Wells Fargo (NYSE:WFC) shares dropped by 6% after its cost-cutting plan and net interest guidance failed to impress analysts. Citigroup (NYSE:C) was mixed, with earnings beating estimates and revenue coming up short of expectations. Shares of social media companies fell after Twitter and other platforms banned or suspended President Trump. Twitter (NYSE:TWTR) was the worst-performer, dropping more than 12% for the week. Facebook (NASDAQ:FB) and Snapchat (NYSE:SNAP) declined by 8.6% and 6.5%, respectively. What Caught Our Eye(s) This Week Kim: Cathie Wood Plans to Start Space ETF After Dominating With ARKK; Jason: TSMC plan for up to $28B in capital spending comes as chip industry frets over capacity; Brad: Churchill Capital IV SPAC gains amid Lucid Motors deal speculation. About This Podcast Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors. Hosted by Nathaniel E. Baker, Senior Editor, Strategic Contributors, and featuring: Bradley Olesen, VP News; Kim Khan, Senior News Editor; Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast (replaced this week by Jason Aycock, Senior Editor, Media and Telecoms).  AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 min
Alpha Trader
Alpha Trader
Seeking Alpha
The 2021 market outlook and some new stock picks - Ryan Detrick and Eddy Elfenbein join Alpha Trader
This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with LPL Financial’s Ryan Detrick and Eddy Elfenbein, editor of the Crossing Wall Street blog and portfolio manager of the AdvisorShares Focused Equity ETF (CWS). Before getting into the outlook, Detrick (who was bullish on stocks at the March bottom) puts last year’s remarkable rally in perspective: The reversal from down more than 30% to up in the teens is unprecedented. While some may be tempted to view things as overdone to the upside, Detrick believes the strength we’ve seen is consistent with the beginnings of a years-long bull market. In addition to the positive technical signs he’s seeing, Detrick reminds that even more fiscal stimulus is likely on the way, and the Fed looks to be on hold at zero for quite some time. Given all that, Detrick does acknowledge some bubbly signs in things like IPOs, cryptocurrencies, and certain stocks. He reminds that his long-term bullishness doesn’t mean there won’t be sizable setbacks along the way, but investors ought to consider those downdrafts to be buying opportunities. Elfenbein’s 25-stock Buy List has consistently topped the S&P 500 over the past 15 years (though it did trail by a handful of basis points in 2020). Each year, Elfenbein discharges five names from the list, and adds five others. Out this year, are Becton, Dickinson (BDX), Eagle Bancorp (EGBN), Globe Life (GL), Hormel Foods (HRL), and RPM International (RPM). Four of the names were notable underperfomers in 2020, so like any good portfolio manager, Elfenbein isn’t shy about cutting losers (and letting his winners run). Maybe more interesting are the additions: Abbott Labs (ABT), HEICO (HEI), Miller Industries (MLR), Thermo Fisher Scientific (TMO), and Zoetis (ZTS). Peter Lynch said to look for companies that do something dull, says Elfenbein introducing perhaps everyone to Miller Industries. Based in Ooltewah, Tennessee, Miller makes and sells towing and recovery equipment. The company experienced a Covid-related slowdown in business in 2020, and the stock was similarly punished. Its recovery bounce since has been limited. Elfenbein likes management, likes the business’ “moat,” and likes that exactly zero sell-siders cover the name despite the company’s strong long-term success. There’s plenty more, including a discussion of the 10-year yield rising above 1% for the first time since March, whether the dollar is set up for contrarian bounce higher, and why it’s always a better idea to look for good stocks to own rather than trying to time a bubble. Learn more about your ad choices. Visit megaphone.fm/adchoices
44 min
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