Posts Tagged ‘Visteon’

Visteon Files For Bankruptcy

Courtesy of Tyler at Zero Hedge

Visteon Files For Bankruptcy

The auto supplier firing squad just had its first casualty. Not surprising, and definitely not the last one. The bankruptcy was filed in Delaware. From the CEO:

"Visteon is taking this step to maximize the long-term value of the company. During the reorganization period, we will seek to address our capital structure and legacy costs that are not sustainable given the current economic environment. The results of these actions, combined with our innovative products and excellent product quality, will allow Visteon to emerge a financially sound and well-positioned company."

Interesting is that Visteon’s DIP comes from none other than primary beneficiary of the supplier’s parts – Ford.

Visteon’s legal advisor is Kirkland & Ellis LLP; its restructuring advisor is Alvarez & Marsal and its financial advisor is Rothschild Inc.

The 3 month chart of Visteon’s Term Loan is below. Now that the uncertainty about the bankruptcy is removed, and as auto suppliers become the next UAW-safeguarded sector, look for this loan to spike in price.

 

 

 


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Zero Hedge

Hillary Clinton May Challenge Legitimacy Of Presidential Election

Courtesy of ZeroHedge. View original post here.

The US presidential election took place nearly one year ago, but to Hillary Clinton it may as well never have ended.

In an interview with NPR, the former first lady said that "if Russian interference turned out to be deeper than previously thought" she wouldn’t rule out challenging its legitimacy or the outcome.

“No, I wouldn't rule it out,” she said.

...

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Phil's Favorites

Record 65% Think Stocks Will Rise Over Course of One Year: Did the Bell Just Ring?

Courtesy of Mish.

Hooray! The latest University of Michigan sentiment survey shows US Stock Market Bullishness Hit an All-Time High.

Poll: Did the Bell Just Ring?

Record 65% Think Stocks Will Rise Over Course of One Year: Did the Bell Just Ring?https://t.co/gzlwtE53iG

— Mike Mish Shedlock (@MishGEA) September 19, 2017

...

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ValueWalk

Why Do Russia And China Care About North Korea?

By Polina Tikhonova. Originally published at ValueWalk.

China and Russia are launching naval drills near North Korea as tensions on the Korean peninsula reach their highest peak in decades. China and Russia — often referred to by analysts as “key” powers in resolving the North Korea crisis — launched their naval exercises not far from the nation’s waters.

Roman Harak / Wikimedia Commons

Neither Moscow nor Beijing links the Russia-China drills to the escalating tensions...



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Chart School

Semiconductors Breakout

Courtesy of Declan.

It was somewhat disappointing not to see the Nasdaq and Nasdaq 100 make the break from resistance. However, the Semiconductor index did manage a breakout of 1,150. There was some weakness into the close but the fact the bearish engulfing pattern has been negated means the bearish overhang created by this pattern has been consumed.


The Russell 2000 made respectable gains as it works towards July highs. I would expect a reversal off 1,450 resistance but if such losses can hold above 1,430 then it will set up a bullish handle f...

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Insider Scoop

Benzinga's Top Upgrades, Downgrades For September 18, 2017

Courtesy of Benzinga.

Top Upgrades
  • RBC Capital upgraded Applied Materials, Inc. (NASDAQ: AMAT) from Sector Perform to Outperform. Applied Materials shares gained 0.19 percent to close at $47.14 on Friday.
  • UBS upgraded Caterpillar Inc. (NYSE: CAT) from Neutral to Buy. Caterpillar shares rose 1.51 percent to $123.20 in pre-market trading.
  • William Blair upgraded Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) from Market Perform to Outperform. Arrowhead Pharmaceuticals share...


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Digital Currencies

Comparing Bitcoin, Ether, & Other Cryptos

Courtesy of Zero Hedge

Unless you’ve been hiding under a rock, you’re probably aware that we’re in the middle of a cryptocurrency explosion. In one year, the value of all currencies increased a staggering 1,466% – and newer coins like Ethereum have even joined Bitcoin in gaining some mainstream acceptance.

And while people like Jamie Dimon of J.P. Morgan and famed value investor Howard Marks have been extremely critical of cryptocurrencies as of late, many other investors are continuing to ride the wave. As Visual Capitalist's Jeff Desjardins has noted in the past, ...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Biotech

Can low doses of chemicals affect your health? A new report weighs the evidence

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Can low doses of chemicals affect your health? A new report weighs the evidence

Courtesy of Rachel ShafferUniversity of Washington

Assessing the data. LightField Studios/shutterstock.com

Toxicology’s founding father, Paracelsus, is famous for proclaiming that “...



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Members' Corner

Why we need to act on climate change now (updated)

 

Why we need to act on climate change now (updated 9-13-17)

Interview with Jan Dash PhD, by Ilene Carrie, Editor at Phil’s Stock World

Updated in the wake of Hurricanes Harvey and Irma on September 13 , 2017.

Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, he devotes a chapter&nbs...



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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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