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Marriott opens all hotels in China, sees steady U.S. recovery, CEO says

Shares of the hotel operator, which owns the Ritz-Carlton and St. Regis luxury brands, rose as much as 8.1% to $95.64 in afternoon trading after Sorenson said the occupancy rate in China was 40% currently, up from 7% to 8% in February, when COVID-19 started spreading. In the United States, Marriott’s hotels that remained open crossed the 20% occupancy threshold and continue to see an improvement, Sorenson said. …read more […]

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JPMorgan’s Math Shows Why U.S. Stocks Can Keep Rallying

(Bloomberg) — Think the sizzling U.S. stock rally is excessive in an economy frozen by shutdowns? From one perspective, it’s just getting started.Giant piles of cash sloshing around the financial system means there’s substantial ammunition yet to push risk assets higher. JPMorgan Chase & Co., meanwhile, sees potential for billions to flow into equities at the expense of bonds to rebalance portfolios. Money-market funds have lured $1.2 trillion this year, while fund managers with $591 billion overall are holding cash at levels rarely seen in history, according to Bank of America Corp.All that shows how much firepower investors have to …read more […]

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The Coronavirus, the Market… and Rational Exuberance

Some investors have argued that we are in a bubble right now – that stock valuations are unjustified.
But Alexander Green’s keen market analysis shows that they’re mistaken. Here’s why.

Note from Senior Managing Editor Christina Grieves: Today, along with sharing his insightful market analysis, Alexander Green discusses a huge recent win in his Insider Alert trading service. If you want to learn more about his market-beating strategy, make sure you check out Alex’s latest project with TV legend Bill O’Reilly: The Smartest Investment Strategy of All Time.

In 1996, then-Federal Reserve Chairman Alan Greenspan used a phrase that soon became part of …read more […]

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Hedge Funds Aren’t Done Buying Amarin Corporation plc (AMRN)

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […] …read more […]

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Modi Magic Absent in New Term as India Stocks Erase $543 Billion

(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.The Indian stock market’s honeymoon with Prime Minister Narendra Modi’s government is under strain.In the first year of Modi’s second term, India has erased more shareholder wealth than any other country on the planet, except Brexit-swayed Britain. That contrasts with his first term of five years, when his reputation as an economic reformer fueled an increase of almost 50% in equity market capitalization.Today, the economy as well as equity values are sinking. Economic growth slumped to an 11-year low even before the full onset of …read more […]

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Hedge Funds Cashing Out Of Crestwood Equity Partners LP (CEQP)

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of March 31st, 2020. […] …read more […]

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Pfizer declines about 8% after setback to breast cancer treatment

The treatment, Ibrance, was being tested along with the standard of care for early breast cancer in men and women, against standard of care alone, the company said on Friday. The study was broadly seen to have a high probability of success readout, but the early failure represents a meaningful setback for Pfizer, JP Morgan analysts said in a note, cutting its price target on the stock by $1 to $37. …read more […]