Year: 2020

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Despite its firm stance of not cutting 400,000 bpd at the OPEC+ talks, the outlook for Mexico’s oil industry is looking extremely bleak …read more […]

The coronavirus pandemic has led to a major decrease in air travel, but the Association of Flight Attendants-CWA (AFA) wants to take it a step further. …read more […]

Facebook, Inc (NASDAQ: FB) shares are up 24.9% over the past month. But at least one large option trader is betting next week’s earnings report will be a reality check for the stock.The Facebook Trade On Friday, Benzinga Pro subscribers received an option alert related to an unusually large Facebook trade. * At 12:01 p.m., a trader bought 529 Facebook put options with a $160 strike price expiring on May 15 at the ask price of $1.90. The trade represented a $100,510 bearish bet.Why It’s Important For Facebook Investors Even traders who stick exclusively to stocks often monitor option …read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]

“The crisis in the world is so big that each of us will have to take maximum risk now to put this disease to a stop,” said Paul Stoffels, chief scientific officer at Johnson & Johnson , which has partnered with the U.S. government on a $1 billion investment to speed development and production of its still-unproven vaccine. Historically, just 6% of vaccine candidates end up making it to market, often after a years-long process that doesn’t draw big investments until testing shows a product is likely to work. Drug companies and the governments and investors that finance …read more […]

This weekend’s Barron’s examines what’s happening with restaurant and food stocks during the pandemic.Other featured articles offer the latest Big Money Poll and some oil and “oily” stock picks.Also, the prospects for an IPO bucking the trend, struggling cruise operators and more.”Time to Chow Down on Restaurant Stocks? The Risks May Be Too Great.” by Andrew Bary points out that when restaurants do reopen, the dining experience likely will be very different. What’s in store for McDonald’s Corp (NYSE: MCD), Starbucks Corporation (NASDAQ: SBUX) and many others?Nicholas Jasinski’s “Stocks Could Gain 15% in the Next Year, Experts Say” shows why …read more […]

Unknown assailants lobbed an explosive device at a private bank branch in southern Lebanon on Saturday, damaging its facade and roof, the country’s state news agency reported. There was no immediate comment from bank officials. The attack took place while bank branch was closed. …read more […]

Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker and e-commerce and aerospace leaders.Bearish calls included top video streaming providers and an electric vehicle giant.The major U.S. indexes ended another COVID-19-focused week in the red. The Dow Jones industrials were down nearly 2%, but the Nasdaq was almost flat. It was also a week in which volatility in oil prices spiked and the first-quarter earnings reporting season kicked into high gear.Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of …read more […]

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Public health officials are warning that social distancing restrictions should stay in place. Dr. Howard Forman agreed with that assessment. …read more […]