Trading Ideas

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J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter. The Plano, Texas-based company has access to enough cash to survive in the months ahead, even as revenue dries up because of the store closures, the sources said. …read more […]

Airlines are hopeful that U.S. passenger traffic, which has dropped by 95% due to the coronavirus pandemic, will begin to recover by October but have warned that the slowdown in air travel could extend into next year and even longer. It’s possible they will need another round of government bailouts to survive. Major carriers will receive 70% of the funds for payroll in cash assistance that will not need to be paid back, while smaller carriers receiving $100 million or less will not need to repay any funds. …read more […]

Benchmark U.S. crude rose more than 3% in early trade on Wednesday, recovering from a 10% slump the previous session on hopes for purchases by consumer countries for their strategic stockpiles on a scale not before seen. U.S. West Texas Intermediate (WTI) crude futures were up 3.43%, or 69 cents, at $20.80 at 2225 GMT, after having crashed 10.3% on Tuesday on fears that a record global output cut by producers would not offset plunging fuel demand hit by the coronavirus pandemic. The Organization of the Petroleum Exporting Countries, along with Russia and other producing countries – …read more […]

Asian shares looked set to pull back from a one-month high on Tuesday, as warnings of a deep recession dampened investor optimism that the slowing spread of the coronavirus could allow businesses to re-open. The retreat from riskier assets followed the International Monetary Fund’s prediction on Tuesday that the global economy may shrink by 3% in 2020 due to the virus outbreak, in the worst downturn since the Great Depression of the 1930s. “The current market optimism may be premature because the global economy is in a deep recession,” said Kim Mundy, an analyst at Commonwealth Bank of …read more […]

Americans may see tax changes ahead after the global pandemic subsides, Todd Simmens, Rutgers Business School Professor, told Yahoo Finance’s On The Move last week. …read more […]

(Bloomberg) — One of the biggest Texas shale explorers warned it will halt all drilling if the state imposes OPEC-style production caps, raising the stakes in a debate over a contentious proposal to arrest free-falling oil prices.The stark pronouncement from Diamondback Energy Inc.’s finance chief stunned observers of Tuesday’s virtual hearing by the Texas Railroad Commission, which oversees oil output in the Lone Star state. At issue was whether the state should restrict crude output for the first time in roughly 50 years.The proposal has deeply divided an industry already grappling with a global oversupply, escalating financial losses and the …read more […]

Aid was expected but the companies had baulked at some of the terms. …read more […]

With schools closed until the fall…
One company is receiving a record amount of user engagement.
This company just reported its first quarter revenues are up 34% from a year ago.
Plus, it reported a steep deceleration in ad spending last month…
Less spending – more user engagement.
It’s the perfect mix – making it your Trade Talk Tuesdays pick for this week.
I outline it all for you.
Click the play button below to get the full scoop…

For full instructions on how to play picks like this, join me in The War Room!
The post This $17 Stock Is Reporting Record User Engagement appeared first on Investment …read more […]

(Bloomberg) — Oil clawed back some lost ground in Asia, holding above the $20 a barrel level, after more gloomy forecasts on the demand destruction wrought by Covid-19 saw prices tumble on Tuesday.Futures in New York rallied as much as 3.7%, after diving more than 10% on Tuesday as plunging demand and a massive supply glut overshadowed the deal struck between the world’s largest producers to curb output. The International Monetary Fund estimated that global gross domestic product will shrink 3% this year, a signal that energy demand may remain weak longer than anticipated, especially if the coronavirus lingers or …read more […]

(Bloomberg) — U.S. airlines reached preliminary agreements with the Treasury Department to access billions of dollars in aid as the government attempts to shore up one of the industries hardest hit by the coronavirus pandemic.The deal covers all major carriers, the Treasury said in a statement. American Airlines Group Inc., for example, said it would get $5.8 billion in total support while Southwest Airlines Co. said it would receive $3.2 billion. The government is doling out $25 billion in payroll assistance allocated for passenger carriers in the $2.2 trillion stimulus package signed into law March 27.“We welcome the news that …read more […]

J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter. The Plano, Texas-based company has access to enough cash to survive in the months ahead, even as revenue dries up because of the store closures, the sources said. …read more […]

Stock futures were roughly flat Tuesday evening as investors considered ongoing signs that coronavirus cases were leveling off in some hot spots in the U.S., helping brighten the prospects that social distancing measures would be lifted and business activity would eventually resume. …read more […]

The market is now pricing “a very enthusiastic outlook” on how and when the economy will re-open, says David Bailin, Citi Private Bank’s chief investment officer. …read more […]

Ken Leon, CFRA Analyst, joined Yahoo Finance’s Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss JPMorgan and Wells Fargo earnings reports. …read more […]