Month: April 2020

The company also said it would temporarily suspend its share buyback program and take steps to cut costs, but would maintain its quarterly dividend. Starbucks said it now expects to report second-quarter earnings of about 28 cents per share, reflecting the impact of lost sales for the period as well as higher costs. Like most other restaurants, Starbucks had to close its cafe areas and move operations to drive-thru, carry out and delivery only in response to customer concerns and government mandates to help stop the spread of the deadly virus by limiting social contact. …read more […]

I’m glad I’m not my neighbor Kyle. He fled the stock market a few months into the Great Recession, sometime in early 2008, he tells me. And he never returned.
That was 12 years ago. During that period, I’ve had three jobs… married off two children… visited 13 countries… and made a nice pile of money (sorry, Kyle) in various public and private stock investments.
Kyle says he never invested in stocks again because the recently departed bull market was never “real” enough for him.
It was a big, glaring, OMG-sized missed opportunity.
But what’s obvious in hindsight isn’t so obvious in real time.
There’s …read more […]

Goldman Sachs wrote April 8 that the coronavirus-related shut down appears similar to the “man-made” recession of 1981-1982, leaving open the possibility of “multi-million job gains” in the recovery. …read more […]

Could Booking Holdings potentially run out of cash in the second half of 2021? If things get super bad, that’s a possibility. Compared to many other travel companies, Booking Holdings was in relatively good shape before the coronavirus pandemic turned the world into a lockdown pandemic, but it made a series of disclosures about dire […] …read more […]

In sports, a “head fake” is when a player moves their head to deceive an opponent regarding their direction of movement.
But a head fake can also happen in the stock market. That’s when a move in the market or a stock is quickly followed by a move in the opposite direction.
The market has had quite a few head fakes in recent weeks. And there will probably be more to come, especially in the oil industry.
Is This for Real?
Last week, President Trump indicated he was working on a deal to get Russia and Saudi Arabia to cut oil production by 10 …read more […]

U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak. Loeffler, who was appointed to her Senate seat in January by Georgia’s governor, has repeatedly denied any wrongdoing. In a Wall Street Journal opinion column on Wednesday, Loeffler said she was not changing her investment strategy because she has to. …read more […]

After weeks of historic uncertainty, global stock markets are quickly settling down from now what is now nearly a month of record share price volatility. It appears that social distancing is helping slow new cases of the coronavirus, and there is hope that the global economy will return back to normal. Many stocks have bounced significantly from their lows because of this hope, but there are still plenty of deals to be had.Some well capitalized energy firms, which are already operating in uncertain times as many economies around the world remain in standby mode from the social distancing required to …read more […]

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Stimulus checks to arrive by April 15 for millions of taxpayers. A new portal where some can supply direct deposit information could be out next week. …read more […]

(Bloomberg) — Zoom Chief Executive Officer Eric Yuan pledged that his company will meet the highest security standards, seeking to put millions of new users at ease after numerous security lapses on the video-meeting application.Zoom Video Communications Inc. is launching a feature called Security that sets all privacy settings to their highest level, including putting passwords on meetings and employing waiting rooms that force meeting hosts to filter conference attendees, Yuan said Wednesday on a webinar. The San Jose, California-based company is planning to roll out upgraded encryption for its video calls and meeting rooms for large webinars.“Zoom is safe …read more […]

The battle against COVID-19 is well underway, and now’s the time to send in the big guns. Sorrento Therapeutics (SRNE) is on it, offering both active and passive immunization strategies. As a result, it has received positive investor attention, as demonstrated by its 35% one-month gain.As part of these efforts, the healthcare name, which develops therapies to reduce the malignancy of life-threatening tumors, improves the safety of current treatments and brings solutions to make living with cancer more tolerable, partnered with Celularity. Celularity is a privately-held cell therapeutics company that specializes in transformative allogeneic cellular therapies developed from the postpartum …read more […]

The stock market often experiences turbulence in times of economic instability. It can be nerve-wracking to watch your portfolio go up and down over the course of a week, only to end down four, five or more percentage points. When this happens, murmurings of a stock market crash tend to creep into headlines. Are they warranted? What is a stock market crash?
Stock market crashes are very real and devastating when they occur. But they’re not as simple as the market closing down three or four days in a row. A loss of four or five basis points in a day …read more […]