Trading Ideas
Stock market news live updates: Stock futures edge lower after steep rally
Stock futures opened slightly lower Monday evening after a regular-session rebound sent the S&P 500 to its highest level since March 13. …read more […]
Year: 2020
Trading Ideas
Buy This Exact Stock – on This Exact Date
Today I’d like to share with you one of my first companies to buy when this pandemic clears up… Anheuser-Busch (NYSE: BUD).
Here’s why…
On a global scale, Anheuser-Busch has an estimated global market share of 28%. That’s massive.
As I’m sure you know, liquor stores remain open right now – as they’re deemed “essential” – during this stay-at-home mandate.
So it’s not a surprise to learn that in the month of March, overall alcohol sales from liquor stores were up 55% from 2019 levels.
But at the same time, since bars and restaurants remain closed, alcohol companies are still under a great deal of …read more […]
Trading Ideas
COVID-19 Disrupts the Gold Market
We are living through unprecedented events.
The major U.S. stock indexes collapsed more than 30% in less than a month – the fastest decline of that size in history.
Each week, the unemployment claims are eclipsing records at a nearly unfathomable pace. First, 3.3 million claims… then 6.6 million.
Nothing in history comes remotely close to these numbers.
World governments are flooding the system with trillions of dollars in relief packages.
And now, with the U.S. and global economies under lockdown because of the COVID-19 pandemic, the forecasts are almost unimaginable. Some are calling for 32% unemployment in the U.S. with the deepest recession on …read more […]
Business News
Coronavirus spread may be leveling off in New York, New Jersey; vigilance urged
The governors of New York and New Jersey pointed to tentative signs on Monday that the coronavirus outbreak was starting to plateau but warned against complacency as the nationwide death toll topped 10,000 and the number of known U.S. infections surpassed 350,000.
Business News
Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it will temporarily suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic.
Trading Ideas
Boeing suspending 787 production at South Carolina plant
Boeing Co said on Monday it would suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic. Boeing production will be suspended until further notice after the second shift on Wednesday. On Sunday, the largest U.S. planemaker indefinitely extended the halt of its production operations at its Washington state facilities. …read more […]
Business News
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private-equity firms Silver Lake and Sixth Street Partners would invest $1 billion in the U.S. home rental company through a combination of debt and equity.
Trading Ideas
Hydroxychloroquine 'not likely to be a silver bullet' for coronavirus, former White House medical official says
U.S. President Donald Trump has been pushing for the use of an anti-malarial drug hydroxychloroquine against the coronavirus, and one prominent doctor says that could be a problem given the lack of data available. …read more […]
Business News
Lufthansa to discuss permanently grounding Germanwings: sources
Lufthansa will discuss permanently grounding its Germanwings low-cost airline unit at a management board meeting on Tuesday, two sources familiar with the matter told Reuters.
Business News
Wall Street soars on hopes of slowing coronavirus deaths
U.S. stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country’s biggest coronavirus hot spot, fueled optimism a leveling off of the pandemic was on the horizon.
Business News
Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger consummation
With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger.
Business News
Allstate to return $600 million in auto premiums as pandemic cuts driving
U.S. insurer Allstate Corp said on Monday it would return more than $600 million in auto insurance premiums to customers as many Americans drive less due to “shelter-in-place” orders to curb the coronavirus outbreak.
Trading Ideas
Trading Ideas
GlaxoSmithKline, Vir Biotech Team Up in Hunt For Coronavirus Treatment
British drugmaker GlaxoSmithKline (GSK) and Vir Biotechnology Inc (VIR) on Monday announced a partnership to develop potential antibody treatments for COVID-19, the disease caused by the coronavirus.As part of the collaboration agreement GSK will make an investment in Vir of $250 million, priced at $37.73, representing a 10% premium to the closing share price on March 27, 2020, according to the announcement. Vir’s shares soared as much as 34% rising to around $39 in early U.S. trading following the news of GSK’s investment.Wall Street analysts take a cautious stance on Vir’s stock. The Hold analyst consensus rating is based on …read more […]
Trading Ideas
This Penny Stock Joins the Fight Against Coronavirus; Analyst Sees Triple-Digit Upside
With a market cap of a miniscule $10.16 million, you can firmly place biotech Capricor Therapeutics (CAPR) in the nano cap section. Although, according to one analyst, if recent developments are anything to go by, the Beverly Hills, California based company won’t be in the small fry category for much longer.H.C. Wainwright’s Joseph Pantginis reiterated a Buy on Capricor along with a $9.00 price target. The implication for investors? Potential upside of a humungous 737%. (To watch Pantginis’s track record, click here)So, what is driving an analyst to set such an extravagant target for such a tiny player? Well, among …read more […]