Trading Ideas
Retail sales plunge a record 16.4% in April amid COVID-19
U.S. consumer activity took another massive blow in April following a record plunge in March. …read more […]
Year: 2020
Trading Ideas
Trading Ideas
When You See This Signal… Buy, Buy, Buy!
I have one indicator that will serve you well in this type of market…
For a longer-term buy signal, I look to the performance of these four stocks: Wells Fargo (NYSE: WFC), JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C) and Bank of America (NYSE: BAC).
These companies are considered to be money center banks and fall into the category of too big to fail (TBTF).
In order to have a bona fide rally in the market, these “Four Horsemen” must participate. It’s simple really. If banks aren’t performing well, then the underlying economy is not performing well either.
Today, banks in the U.S. are …read more […]
Business News
Exclusive: Nissan sees bigger role for U.S., China markets in global car sales – sources
Nissan Motor Co expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.
Business News
Futures fall as China trade war fears add to coronavirus woes
U.S. stock index futures slipped on Friday after the Trump administration moved to block shipments of semiconductors to China’s Huawei Technologies from global chipmakers, a move that could ramp up trade tensions between Washington and Beijing.
Business News
Companies fear coronavirus liability lawsuits. So far, few exist
Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus.
Business News
World stocks win a respite, oil prices highest in over a month
World stocks edged higher on Friday and oil prices rallied more than 2%, as sentiment revived after a week pressured by deteriorating U.S.-China relations.
Business News
U.S. employers wary of coronavirus ‘immunity’ tests as they move to reopen
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces.
Trading Ideas
Stock market news live updates: Stock futures edge lower as more economic data rolls in
Stock futures were lower Friday morning after a whipsaw session on Thursday, as investors continued to weigh new economic data and earnings results against hopes of a speedy economic reopening. …read more […]
Business News
Exclusive: U.S. moves to cut Huawei off from global chip suppliers
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China.
Trading Ideas
Exclusive: U.S. moves to cut Huawei off from global chip suppliers
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China. The U.S. Commerce Department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.” The department added the “announcement cuts off Huawei’s efforts to undermine U.S. export controls.” …read more […]
Trading Ideas
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
(Bloomberg) — A fifth of global demand for oil will disappear this quarter. All three of the major forecasting agencies now agree that the world faces its biggest-ever slump in oil consumption, after governments imposed movement restrictions on billions of people to combat the coronavirus. The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.The International Energy Agency, the Organization of Petroleum Exporting Countries and the U.S. Energy Information Administration have all updated their oil market forecasts in the past week and they have come into much closer alignment in their …read more […]
Business News
Ryanair cuts more than 250 office staff across Europe
Ryanair has cut more than 250 staff in offices in Dublin, London, Madrid and Wroclaw, Poland, Europe’s largest low-cost airline said on Friday.
Trading Ideas
Business News
U.S. food aid program launches with companies scrambling to deliver
Texas-based CRE8AD8 LLC bid for a federal government contract to quickly rescue food from struggling farmers and deliver it to U.S. food banks as fallout from the coronavirus pandemic has put millions of Americans out of work and driven many to seek help putting food on the table.