Trading Ideas

Oil rose on Tuesday amid hopes that the world’s biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global economy, even as analysts cautioned the cuts may do little to boost demand. Brent crude was up by 73 cents, or 2.2%, at $33.78 a barrel by 0026 GMT after falling more than 3% on Monday. The world’s main oil producers including Saudi Arabia and Russia are likely to agree to cut output at a meeting on Thursday, although that would also depend on the United States doing its share, sources told …read more […]

(Bloomberg) — Gold surged, with futures leading the way higher to hit the highest level in more than seven years, as investors weighed the widening economic fall-out from the coronavirus pandemic and the prospects of more stimulus in top economies.Bullion is in demand, with JPMorgan Chase & Co.’s Jamie Dimon saying the disease will lead to a major major downturn. The jump came even as risk assets posted gains on signs the outbreak may be leveling off. Amid the rally, the spread between gold futures and spot prices ballooned once again.“Even though hopes are rising of a slowdown in the …read more […]

Streaming-device maker Roku Inc launched its Roku Channel in Britain on Tuesday, offering free access to more than 10,000 movies, TV episodes and documentaries at a time when the coronavirus is driving demand for stay-at-home entertainment. The Roku Channel, which is available using a Roku streaming player, Roku TV or pay-TV company Sky’s NOW TV device or Sky Q box, will show British series including “Homes Under the Hammer”, “Ultimate Force” and “Skins” and Hollywood hits like “Get Carter”, the company said. Rob Holmes, vice president of programming, said there was an opportunity to supplement subscription video-on-demand services …read more […]

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(Bloomberg) — The world’s largest oil producers are pressing ahead with talks for an unprecedented deal to mitigate the devastating impact of the coronavirus crisis on their industry, even as their leaders exchange barbs. The challenge now is to nail down numbers everyone can live with.Ministers and diplomats will spend the next two days talking about who’s willing to cut production, and by how much. The most important contributions will come from oil’s trio of big powers: Saudi Arabia, Russia and the U.S.An effective deal will require all three to participate, but not every barrel cut will be the same. …read more […]

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Coronavirus developments and Levi’s earnings will be front and center Tuesday. …read more […]

Editor’s Note: Did you catch Marc’s latest video update on Friday?
Marc is releasing regular State of the Market addresses in order to help his readers navigate the frantic news media and wild market swings that have resulted from COVID-19.
On Friday, he addressed some of readers’ most pressing questions – whether now is the time to invest in gold and how much protection it can really provide.
Click here to see his latest analysis.
– Mable Buchanan, Assistant Managing Editor

We all have that one friend who is a hot mess…
That friend who, when things are good, is the most interesting and fun …read more […]

Former Obama White House Health Adviser Dr. Zeke Emanuel warns there is a disconnect between the public health community and the markets. …read more […]

Stock futures opened slightly lower Monday evening after a regular-session rebound sent the S&P 500 to its highest level since March 13. …read more […]

Today I’d like to share with you one of my first companies to buy when this pandemic clears up… Anheuser-Busch (NYSE: BUD).
Here’s why…
On a global scale, Anheuser-Busch has an estimated global market share of 28%. That’s massive.
As I’m sure you know, liquor stores remain open right now – as they’re deemed “essential” – during this stay-at-home mandate.
So it’s not a surprise to learn that in the month of March, overall alcohol sales from liquor stores were up 55% from 2019 levels.
But at the same time, since bars and restaurants remain closed, alcohol companies are still under a great deal of …read more […]

We are living through unprecedented events.
The major U.S. stock indexes collapsed more than 30% in less than a month – the fastest decline of that size in history.
Each week, the unemployment claims are eclipsing records at a nearly unfathomable pace. First, 3.3 million claims… then 6.6 million.
Nothing in history comes remotely close to these numbers.
World governments are flooding the system with trillions of dollars in relief packages.
And now, with the U.S. and global economies under lockdown because of the COVID-19 pandemic, the forecasts are almost unimaginable. Some are calling for 32% unemployment in the U.S. with the deepest recession on …read more […]

Boeing Co said on Monday it would suspend production of its 787 airplane at its facilities in South Carolina amid the coronavirus pandemic. Boeing production will be suspended until further notice after the second shift on Wednesday. On Sunday, the largest U.S. planemaker indefinitely extended the halt of its production operations at its Washington state facilities. …read more […]

U.S. President Donald Trump has been pushing for the use of an anti-malarial drug hydroxychloroquine against the coronavirus, and one prominent doctor says that could be a problem given the lack of data available. …read more […]