Articles by admin

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(Bloomberg) — Asian stocks and U.S. futures slid along with the yuan after a Trump administration official described the Sino-American trade deal as “over.”Treasuries climbed and crude oil dropped after Trump aide Peter Navarro said “it’s over,” when asked in a Fox News interview about the trade agreement with China. S&P 500 futures, which had opened higher, dropped over 1%. While Navarro didn’t specify whether the entire deal signed in January was now invalid, his remark revived concerns about deteriorating U.S.-China ties. The risk-off moves Tuesday morning followed what had been a constructive session on Wall Street Monday, when equities …read more […]

Navarro said his comments were taken ‘wildly out of context’, while U.S. President Donald Trump confirmed in a tweet the deal with the China was “fully intact”. “Hopefully they will continue to live up to the terms of the agreement,” Trump said on Twitter. Earlier, Navarro told Fox News ‘it’s over’ in an interview when asked about the trade agreement. …read more […]

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The stock market’s dim view of Norwegian Cruise Line (NCLH) has gotten even dimmer.Last week, NCLH announced the suspension of practically all its voyages between August 1 and September 30. The uptick in current coronavirus cases and stringent safety measures required to ensure passengers’ safety – and their effect on the sailing experience – appear to have resulted in the extension.If you were booked on a cruise and are disappointed by Norwegian’s actions, don’t blame the cruise operator for the cancellation, says Nomura analyst Harry Curtis. The blame lies squarely with the CDC (the Centers for Disease Control and Prevention). …read more […]

(Bloomberg) — American Airlines Group Inc. is set to raise $2 billion selling shares and convertible bonds after increasing the size of both offerings, according to people with knowledge of the matter.The carrier is selling $1 billion of new shares in the offering, the people said, asking not to be identified because the information is private. The shares priced at $13.50 each, a person familiar with the matter said.This represents at 15.6% discount to its closing price before the deal launched and a 9.5% below its closing price of $14.92 on Monday.The convertible note portion was increased to $1 billion …read more […]

More and more states report rises in COVID-19 cases…
And the markets continue to shrug it off.
Is this a shortsighted approach?
Perhaps.
But as traders, we have to play the prevailing trends.
So right now, we’ll continue biasing the upside – as dictated by the major market averages – all within our “quick, nimble and balanced” approach.
With that in mind, this leads right into today’s new Trade of the Day pick…
You see, a hugely popular trend that’s starting to gain serious traction right now is special purpose acquisition companies(SPACs).
Some characterize them as “blank check” companies simply because they raise money from investors in an …read more […]

It seems like people have forgotten about safety lately.
I’m not even talking about COVID-19. That’s a topic for a different publication…
I’m talking about money.
The market is very strong despite a collapse in corporate earnings.
In the first quarter, S&P 500 earnings per share fell 13%, the worst performance since the Great Recession.
And it’s expected to get worse. For the full year, S&P 500 earnings are forecast to plunge 19%.
Yet investors are scurrying into the riskiest assets on the market…
They are buying up shares of bogus biotech companies that claim to have a solution for the coronavirus despite years (and in some …read more […]

Stock futures ticked up slightly as late trading kicked off, with stocks steadying after another choppy session earlier on Monday. …read more […]

Yahoo Finance’s Rick Newman joins The Final Round to recap President Trump’s weekend and the turnout at the Tulsa rally. …read more […]

If the coronavirus is a wound which Tesla (TSLA) has so far managed to cover up, then, according to Wedbush analyst Daniel Ives, “the band-aid just got ripped off.”Confirming the Street’s concerns, the release of April and May registration figures for Model 3s in California – Tesla’s “core sweet spot,” – indicated a year-over-year drop of 37%.“Domestically speaking California remains a linchpin to Model 3 success for Tesla and now all eyes shift to the trajectory in the month of June and especially into the core summer months heading into Fall in hopes of a rebound as Fremont enters 2H,” …read more […]

David Ethridge, US IPO Services Leader at PwC, joined Yahoo Finance’s The Final Round to discuss the 2020 IPO market and his outlook for IPO’s through the end of the year. …read more […]

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(Bloomberg) — Spot gold settled at the highest since 2012, supported by concerns over a second wave of coronavirus infections and ongoing expectations of a flood of stimulus measures.There are increasing signs that the virus is continuing to spread as governments work to reopen their economies. The metal also was boosted by stimulus measures, including the Bank of England adding to its bond buying program last week and the Federal Reserve signaling rates will remain low. Increased amounts of monetary stimulus tend to support zero-yield gold as a hedge against declining interest rates.“While gold is undoubtedly boosted by haven flows …read more […]

Stocks fluctuated between gains and losses Monday as market participants weighed prospects that the virus-stricken economy would rebound quickly against fears over an extended rise in new cases over the weekend. The Final Round panel breaks down the details.
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