Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday and said it has seen “signs of stability” for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors.
The electric car company said forced shutdowns and limits on deliveries had clouded its forecast. …read more […]
Microsoft Corp on Wednesday beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working and playing from home because of the novel coronavirus pandemic.
(Bloomberg) — Boeing Co. soared after executives outlined a road map to survive the worst downturn in aviation history, and assured investors that the company has the means to make it through. If all goes to plan, the aerospace titan will be generating cash again by next year.The U.S. planemaker is shrinking its workforce by about 10%, or about 16,000 jobs, to conserve cash. Work will slow in its factories, with 787 Dreamliner output cut for a third time in successive quarters. Boeing expects to restart production of the grounded 737 Max this quarter at a gradual pace as key …read more […]
U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell.
In yesterday’s Trade Talk Tuesdays video, I teased the details behind my recent “lotto scratcher” play on Bed Bath & Beyond (Nasdaq: BBBY).
In short, this play doubled overnight – and it’s still “in play” right now.
So here’s the scoop…
Back on April 15, I shared this with War Room members:
As a reminder, after the close today, Bed Bath & Beyond reports earnings. We all know that the stock is in trouble. Perhaps it’s even approaching “dumpster fire” levels. However, there’s a MAJOR short squeeze that could possibly be in the works. Right now, more than 69 million Bed Bath & Beyond …read more […]
The economy is in shambles. A White House economic advisor expects U.S. gross domestic product to fall by an unimaginable 20% to 30% in the second quarter this year. He also expects Great Depression levels of unemployment.
As a result, we’ve adjusted our ratings here at SafetyNet Pro headquarters to adopt a much more conservative stance.
What Is SafetyNet Pro?
SafetyNet Pro is a groundbreaking tool that predicts dividend cuts with stunning accuracy. With it, you can determine the dividend safety rating of nearly 1,000 stocks. Access to SafetyNet Pro is reserved exclusively for subscribers of Marc’s newsletter, The Oxford Income Letter. To …read more […]
(Bloomberg) — Oil advanced a second day in Asia on early signs that demand is starting to recover while producers curb output to counter a global glut.Futures in New York rose as much as 6%, after surging 22% on Wednesday. U.S. gasoline stocks fell by 3.67 million barrels compared to an estimated build of 2.49 million, the U.S. Energy Information Administration said Wednesday. Weekly gasoline supplied, an indicator of demand, rose by 549,000 barrels a day, the most since May.The discount on crude for June delivery relative to July, a structure known as contango, tightened to as little as $3.28 …read more […]
Stock futures extended gains Wednesday evening as investor optimism over a coronavirus treatment and a batch of strong earnings results buoyed risk assets. …read more […]
Volkswagen AG and Toyota Motor Corp said on Wednesday they will delay restarting U.S. production amid the coronavirus pandemic and concerns about the automotive supply network.
The coronavirus continues to exact a terrible toll on human lives around the world.
It has caused a lot of problems. And global supply chains have come to a grinding halt.
Unfortunately, we are still in the clutches of the virus here in the U.S.
But that’s no longer the case in China. Life is returning to “business as usual.”
In order to jump-start its supply chains, China is focused on 25 “super projects.”
And those projects are in none other than the renewable energy sector.
Harvesting the Wind
The first two super projects were recently announced by China’s state-owned energy giant, China Three Gorges. These will …read more […]
Qualcomm Inc on Wednesday forecast current-quarter revenue largely in line with expectations as it signed more contracts for 5G phones, which use higher-priced chips, at a time when the COVID-19 pandemic has disrupted production channels and led to a fall in demand for smartphones.
The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast rebound from the coronavirus pandemic, saying the U.S. economy could feel the weight of consumer fear and social distancing for a year or more in a prolonged climb from a deepening hole.
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