News Stocks 

Reports of GE’s death are greatly exaggerated and the stock is going up, according to one trader

“Despite a glimmer of hope for General Electric shareholders over the past month as the stock has rebounded, the analyst who called the initial collapse is warning the worst isn’t over yet” writes unknown author for cnbc.com. Tusa — who was one of the first analysts on the Street to put a sell rating on the stock in 2016 — changed his tune last month with an upgrade to neutral. Source: cnbc.com

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Ex-Barclays trio ‘cheated global financial system’, Euribor trial told

“LONDON (Reuters) – Three former Barclays bankers cheated the global financial system to gain an unfair edge over counterparties in a five-year plot to rig Euribor interest rates, a London prosecutor alleged on Tuesday” reports businessinsider.com. Waddington said that two other bankers, former Barclays trader Philippe Moryoussef and Christian Bittar, a one-time Deutsche Bank trader, already stood convicted.Some of the world’s most powerful financial institutions have paid around $9 billion to settle allegations that bankers submitted rates that flattered their own trading books.Barclays was the first of 11 major banks…

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Markets News 

Trader could lose more than $500 million on a single position if S&P 500 tumbles

“So, bottom line, should stocks emerge from all this government upheaval, earnings gloom and heightened volatility mostly unscathed, the wiley trader pockets $175 million in premiums” writes Shawn Langlois for marketwatch.com. As one investor told Reuters, however, there’s a high likelihood this trade was made as a hedge against another position, and not a straight-up bullish bet. Source: marketwatch.com

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A mystery trader just made a massive bet on the S&P 500 that could lose $558 million if the market turns

“But if the S&P 500 goes the wrong way, the trader may stand to lose up to half a billion dollars” writes Trista Kelley for businessinsider.com. An anonymous derivatives trader is betting big on the S&P 500.Some in the market said the trade was probably a hedge against another position rather than as a speculative bet on a rally in the S&P 500. Source: businessinsider.com

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Markets News Stocks 

Anonymous Buffett-like bet on S&P 500 causes a stir on the options market

“An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett’s famous wager on global stocks more than a decade ago” reports cnbc.com. Buffett’s Berkshire Hathaway sold billions of dollars in stock index options between 2004 and 2008, betting that markets would rise over the next 15 to 20 years.The trader sold 19,000 put options on the S&P 500 Index obligating him or her to buy the market benchmark at 2,100 on Dec. 18, 2020, data from New York-based…

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Markets News Stocks 

Doing a Buffett? Bet on S&P 500 causes flap on options market

“Buffett’s Berkshire Hathaway sold billions of dollars in stock index options between 2004 and 2008, betting that markets would rise over the next 15 to 20 years” reports businessinsider.com. The trader sold 19,000 put options on the S&P 500 Index obligating him or her to buy the market benchmark at 2,100 on Dec. 18, 2020, data from New York-based options analytics firm Trade alert showed.Some market participants guessed the trader was likely hedging against another position rather than betting outright that stocks will rise.The market has been volatile in recent…

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Markets News Stocks 

Meir Velenski’s 2019 market predictions – Guest Editorial

“So Prior to ESMA rules, a private trader could leverage their money at say 100 or 200 to one” reports financefeeds.com. Meir Velenski CEO of Velenski Financial Group is a market expert on FX and CFD trading and a consultant to firms in this market.This is where ESMA rules are there to protect the private investor, by limiting the size of the margin or leverage that a private trader is permitted.Private trader – what is the dynamic?.  Source: financefeeds.com

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Cargill Inc sees sharp drop in net earnings, revenues amid trade fight

“CHICAGO (Reuters) – Grain trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector” writes Midwest Communications Inc for 95kqds.com. The company’s net earnings on a U.S. GAAP basis for the quarter ended Nov. 30, 2018, were $741 million, a 20 percent decline from $924 million for the same period a year earlier.Cargill’s second quarter revenues fell 4 percent, to $28 billion, bringing the year-to-date figure to…

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