Year: 2020

Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday. OPEC said in its monthly report that world oil demand would fall by 9.46 million barrels per day (bpd) this year, a decline sharper by 400,000 bpd than predicted in August. The producer club bumped up its forecast slightly for developed countries, but cut its outlook for Asian countries beyond China “on the back of a slowdown in economic activity due to the rising COVID-19 infection cases”. …read more […]

(Bloomberg) — Pfizer Inc.’s $48 billion gain in market value since late March, egged on by optimism for a successful Covid-19 vaccine, may soon hit a wall.Among the top three developers, Pfizer may be first to reveal late-stage results from its trials of tens of thousands of people with partner BioNTech SE. And if history is any guide, the shares may eventually head lower no matter what the data show.Goldman Sachs Group Inc. calls it the vaccine trade — where daytrading generalist investors pile into stocks developing treatments and vaccines for the disease, then flee shortly after results or updates …read more […]

Volatility is back on Wall Street. Following a meteoric rise, fears that valuations have grown too high have put pressure on stocks. With the upcoming presidential election, ongoing pandemic and flaring U.S.-China tensions only adding fuel to the fire, investors are trying to gauge where the market goes from here. Even though many economists believe the Fed’s low interest rate policy fueled the market’s historic five-month rally, Morgan Stanley’s chief cross-asset strategist Andrew Sheets is singing a different tune.Sheets argues that the market’s charge forward wasn’t necessarily driven by the Fed’s actions. Rather, the run-up came as a result of …read more […]

The cheapest stocks on the market always catch the eyes of young investors. It’s a great way to get your “foot in the door” so to speak. However, these cheap penny stocks come with a lot more risk than you can imagine.
So, why are stocks listed for such low prices? And what are the most intriguing penny stocks available? Let’s take a closer look below.

The Cheapest Stocks to Consider for Your Portfolio
The stock market in the long-term is nothing like gambling. This is a common misconception. Investing in stocks increases the overall wealth of Americans. Short-term trading or gambling, on …read more […]

If you are looking for the best ideas for your portfolio you may want to consider some of White Brook Capital’s top stock picks. White Brook Capital, an investment management firm, is bullish on Box Inc (NYSE:BOX) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed […] …read more […]

(Bloomberg) — SL Green Realty Corp. is opening its new $3.3 billion office skyscraper Monday, in a neighborhood that’s among Manhattan’s busiest — but is now still unusually quiet.The first tenants at One Vanderbilt, across from Grand Central Terminal, will start moving in by year’s end, SL Green Chief Executive Officer Marc Holliday said in an interview with Bloomberg Television.The tower’s big reveal comes at an awkward time for New York as many of the city’s workers stay home for fear of contracting the coronavirus. Landlords have been pressing business leaders to bring people back to their offices, and banks …read more […]

On Monday Verizon, Yahoo Finance’s parent company, announced it is acquiring Tracfone, the leading pre-paid and value mobile provider in the U.S. for $6.25 billion in cash and stock. Ronan Dunne, Verizon Executive Vice President, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss. …read more […]

On Monday, treasury secretary Steven Mnuchin confirmed that the White House received Oracle’s proposal for TikTok and that the Trump administration will review it this week. Karim Hijazi, Prevailion CEO, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss. Hijazi also weighs in on the potential hacking risks in the lead-up to the 2020 U.S. presidential election. …read more […]

Nikola is firing back this morning after a devastating report by Hindenburg Research. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Ines Ferre discuss the details and how the overall electric vehicle market is faring. …read more […]

After an epic rally to all-time highs, the stock market has been seesawing between the red and the green. The volatility that has ensued wasn’t driven by overtly negative news; progress on a COVID-19 vaccine is being made and economic data has been better-than-expected.BTIG’s Julian Emanuel argues that fewer “upside surprises” could be causing investor focus to shift to “arguably extended valuations and uncertainties surrounding ongoing stimulus negotiations, the 2020 Election, and simmering U.S./China tensions.”To this end, Emanuel suggests investors take advantage of any weakness and snap up healthcare stocks. “On Health Care, the sector is at an extremely attractive …read more […]

Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down today’s market action with Laffer Tengler Investments CIO, Nancy Tengler. …read more […]