Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
U.S. President Donald Trump said on Wednesday U.S. oil producers have already cut production and he had many options if Saudi Arabia and Russia do not reduce their output when they and other exporters meet on Thursday. “Look, we already cut,” Trump told reporters when asked if the United States would consider a coordinated production cut. …read more […]
(Bloomberg) — An unprecedented accord between the world’s largest oil producers to ratchet back production and rescue crude markets from a catastrophic pandemic-driven collapse moved closer within reach after Russia signaled it’s ready to make cuts.Moscow, whose grudge against U.S. shale is arguably the biggest obstacle for a deal to rescue the word’s oil industry from collapse, said Wednesday it’s willing to reduce output by an unprecedented 1.6 million barrels a day, or roughly 15%. Oil prices surged in New York.At stake is the fate of entire oil-dependent economies, thousands of companies and millions of oil industry jobs as the …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
In our recent Trade Talk Tuesdays, I told you about a stock I liked. Now I’m going to tell you about two stocks I DON’T like.
You’ve probably heard about the first one. It’s a bank that may be on the chopping block.
The second stock is surely toast. It’s a company making motorcycles and catering to a demographic that’s watching its disability income get chopped in half.
Click the play button below to learn more…
For full instructions on how to trade picks like these, join me in The War Room!
The post These Two Names Could Be Big Losers appeared first on …read more […]
(Bloomberg) — Crude extended gains in Asia after Russia said that it was prepared to reduce output to help stabilize the market before a meeting of top producers later on Thursday.Futures in New York rose as much as 6.1%, after gaining 6.2% on Wednesday. A global supply-curb agreement may be sealed at the OPEC+ emergency virtual meeting on Thursday after Russia said that it is ready to cut oil production by 1.6 million barrels a day, or about 15%. A “massive output reduction” would be discussed, said the energy minister of Algeria, which holds OPEC’s rotating presidency, amid persistent doubts …read more […]
We’re already starting to see dividend suspensions as a result of the coronavirus pandemic.
Companies like Brinker International (NYSE: EAT), Bed Bath & Beyond (Nasdaq: BBBY) and Herman Miller (Nasdaq: MLHR) have all announced either postponements or suspensions of their dividends.
More announcements like this are sure to come. In fact, the stimulus package states that any company that receives bailout money must suspend stock buybacks and dividend payments until its loans are paid back to the government.
Due to the economic havoc the coronavirus is wreaking, we are adjusting SafetyNet Pro to a new reality – that companies may have a …read more […]
Stock futures opened lower Wednesday evening, taking a pause after the regular session’s rally sent both the S&P 500 and Dow up more than 3.4%. …read more […]
The company also said it would temporarily suspend its share buyback program and take steps to cut costs, but would maintain its quarterly dividend. Starbucks said it now expects to report second-quarter earnings of about 28 cents per share, reflecting the impact of lost sales for the period as well as higher costs. Like most other restaurants, Starbucks had to close its cafe areas and move operations to drive-thru, carry out and delivery only in response to customer concerns and government mandates to help stop the spread of the deadly virus by limiting social contact. …read more […]
I’m glad I’m not my neighbor Kyle. He fled the stock market a few months into the Great Recession, sometime in early 2008, he tells me. And he never returned.
That was 12 years ago. During that period, I’ve had three jobs… married off two children… visited 13 countries… and made a nice pile of money (sorry, Kyle) in various public and private stock investments.
Kyle says he never invested in stocks again because the recently departed bull market was never “real” enough for him.
It was a big, glaring, OMG-sized missed opportunity.
But what’s obvious in hindsight isn’t so obvious in real time.
There’s …read more […]
Goldman Sachs wrote April 8 that the coronavirus-related shut down appears similar to the “man-made” recession of 1981-1982, leaving open the possibility of “multi-million job gains” in the recovery. …read more […]
Could Booking Holdings potentially run out of cash in the second half of 2021? If things get super bad, that’s a possibility. Compared to many other travel companies, Booking Holdings was in relatively good shape before the coronavirus pandemic turned the world into a lockdown pandemic, but it made a series of disclosures about dire […] …read more […]
In sports, a “head fake” is when a player moves their head to deceive an opponent regarding their direction of movement.
But a head fake can also happen in the stock market. That’s when a move in the market or a stock is quickly followed by a move in the opposite direction.
The market has had quite a few head fakes in recent weeks. And there will probably be more to come, especially in the oil industry.
Is This for Real?
Last week, President Trump indicated he was working on a deal to get Russia and Saudi Arabia to cut oil production by 10 …read more […]
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