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Trade Idea of the Day Presented by: The Fly

SensorTower Says Nintendo Mobile Titles Reach $1b in Lifetime Player Spending

According to SensorTower's Store Intelligence data, Nintendo's (NTDOY) mobile games have generated more than $1B in lifetime revenue from global player spending on the App Store (AAPL) and Google Play (GOOG). Nintendo's mobile repertoire, which comprises six games, has also amassed a combined... Read More

Oil Prices Subside on Larger-than-Expected Inventory Build

Petroleum prices fell on Wednesday as worries about the impact of the coronavirus outbreak on demand and a larger-than-expected build in U.S. inventory weighed on prices. Some of the losses were offset by talk that the Organization of the Petroleum Exporting Countries could extend oil output cuts. Mid-morning Wednesday, Brent crude fell six cents to $59.45 per barrel. U.S. West Texas Intermediate crude fell 46 cents, or 0.9%, to $53.04 per barrel. On Wednesday the U.S. Energy Information Administration declared stockpiles for the week ending Jan. 24 rose 3.5 million barrels. Analysts had been...

Shopify To Open Vancouver Office And Hire 1,000 Workers In The City

Shopify Inc. (T.SHOP) is going on a hiring spree. The Ottawa-based technology company says it will hire 1,000 people in Vancouver and open its first permanent office in the city later this year. Specifically, Shopify says it will be hiring back-end developers, data engineers, mobile developers, web developers, product designers and product managers in Vancouver. Instead of the temporary rental space that Shopify currently uses in the western Canadian city, the new employees will work from a four-storey office at Four Bentall Centre in downtown Vancouver that will span 6,500...

Stocks Rebound from Worst Day Since October

Stocks rose on Tuesday following the market’s biggest sell-off in more than three months as investors grapple with lingering fears over a possible coronavirus outbreak.The Dow Jones Industrials rebounded 129.68 points to 28,605.48.The S&P 500 regained 24.4 points at 3,268.03. The NASDAQ recovered 76.54 points to 9,215.85 In China, where the virus originated from, the virus has killed more than 100 people while over 4,500 have been infected. In the U.S. — where some coronavirus cases have been confirmed — the State Department advised Americans to "reconsider travel to China...

United Hikes on Results

United Technologies Corp. (NYSE: UTX) reported fourth-quarter and full-year 2019 results and announced its 2020 outlook for Pratt & Whitney and Collins Aerospace Systems. The company, based out of Farmington, Conn., reported sales of $19.6 billion, up 8% versus prior year, including 1% organic growth. GAAP EPS were $1.32, up 59% from the prior year. Adjusted EPS were $1.94, down 1% versus prior year. Net income in the quarter was $1.1 billion, up 67% versus the prior year and included $540 million of net nonrecurring charges. Sales proved to be $77.0 billion, up 16% versus prior...

Dow Sinks 400+ as Coronavirus Cases Increase

Stocks tanked on Monday after more cases of the coronavirus were confirmed over the weekend, ratcheting up worries over the virus’ impact on the world economy.The Dow Jones Industrials stumbled 405.27 points, or 1.4%, to 28,584.46, led lower by Nike and American Express. The S&P 500 slumped 45.49 points at 3,249.47, The NASDAQ slouched 160.6 points, or 1.7%, to 9,154.30. There are 2,862 confirmed cases so far in China and the death toll in China has risen to 81. The World Health. Organization’s director general is traveling to China to meet with government and health officials...

USD/CAD - Canadian Dollar Suffering from Oil Price Blues

The Canadian dollar resumed its post-Bank of Canada meeting downtrend overnight. The domestic currency sank under a wave of selling pressures in Asia fueled by the widening coronavirus outbreak and worries that actions to contain the spread of the virus are not working. China said there were confirmed 2,744 confirmed infections and that 81 people have died. "Experts" are warning that the virus could affect 100,000 worldwide. Gold prices jumped at the Asia open, rising from Friday’s closing level of $1,571.50/ounce to...

Luckin Coffee Slips Amid Reports of China Travel Lockdown

Shares of China's Luckin Coffee (LK) slipped in New York amid reports of a travel lockdown in China related to the recent coronavirus outbreak. WHAT'S NEW: The New York Times reported that authorities have greatly expanded a travel lockdown in central China to include 12 cities close to the center of the coronavirus outbreak, effectively barring 35M residents from traveling in an effort to contain the virus. Just a day after the country restricted travel in and from Wuhan, the center of the outbreak with a population of 11M, and the capital of Hubei Province, as well...

Netflix Added 125,000 New Subscribers In Canada During Q4

Netflix (NASDAQ:NFLX) continued to sign up Canadian subscribers in the final months of 2019 even as competition from other streaming services heated up. Netflix says it recruited more Canadian subscribers in the final months of last year as it responded to an onslaught of new competition from Apple TV Plus and Disney Plus with an array of buzzworthy TV series such as "The Crown" and Oscar-nominated movies such as "The Irishman."The global streaming company says it signed up 125,000 new paid subscribers in Canada during the fourth quarter that...

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