Year: 2020

(Bloomberg) — Crude extended gains in Asia after Russia said that it was prepared to reduce output to help stabilize the market before a meeting of top producers later on Thursday.Futures in New York rose as much as 6.1%, after gaining 6.2% on Wednesday. A global supply-curb agreement may be sealed at the OPEC+ emergency virtual meeting on Thursday after Russia said that it is ready to cut oil production by 1.6 million barrels a day, or about 15%. A “massive output reduction” would be discussed, said the energy minister of Algeria, which holds OPEC’s rotating presidency, amid persistent doubts …read more […]

We’re already starting to see dividend suspensions as a result of the coronavirus pandemic.
Companies like Brinker International (NYSE: EAT), Bed Bath & Beyond (Nasdaq: BBBY) and Herman Miller (Nasdaq: MLHR) have all announced either postponements or suspensions of their dividends.
More announcements like this are sure to come. In fact, the stimulus package states that any company that receives bailout money must suspend stock buybacks and dividend payments until its loans are paid back to the government.
Due to the economic havoc the coronavirus is wreaking, we are adjusting SafetyNet Pro to a new reality – that companies may have a …read more […]

Stock futures opened lower Wednesday evening, taking a pause after the regular session’s rally sent both the S&P 500 and Dow up more than 3.4%. …read more […]

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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 […]