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3 “Strong Buy” Dividend Stocks Yielding At Least 10%

April 1, 2020 admin Comments Off on 3 “Strong Buy” Dividend Stocks Yielding At Least 10%

The financial markets shifted into bear territory weeks ago, seeing the worst stock losses since the Great Depression. It’s clear now that the coronavirus pandemic has pushed us into recession; the unanswered question is, how long will it be? For now, though, we have a record to ponder: this has been the worst first quarter for US stocks since record keeping began.Last week, however, the major indexes have showed some gains. Investors are uncertain if this marks a true turnaround, or just a short-lived rally in a larger bear market. The consensus seems to be toward the latter. Jeffrey Solomon, …read more […]

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Coronavirus restrictions to continue 'for a period of months,' even as outbreak slows: Mayor of Seattle

April 1, 2020 admin Comments Off on Coronavirus restrictions to continue 'for a period of months,' even as outbreak slows: Mayor of Seattle

Mandatory social distancing orders may be slowing the spread of COVID-19 in the Seattle area, home to the first coronavirus death in the U.S., but the city’s mayor, Jenny Durkan, warned against complacency, saying the Puget Sound region is still “a month or two away” from relaxing isolation rules. …read more […]

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T-Mobile completes merger with Sprint

April 1, 2020 admin Comments Off on T-Mobile completes merger with Sprint

T-Mobile’s long-time Chief Executive John Legere is stepping down from his position effective immediately as part of the deal. Legere was originally set to leave at the end of April, with Mike Sievert, T-Mobile’s president, as his successor. Legere will serve on T-Mobile’s board of directors. …read more […]

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BP Won’t Cut Jobs Amid $2.5 Billion Cost-Reduction Plan

April 1, 2020 admin Comments Off on BP Won’t Cut Jobs Amid $2.5 Billion Cost-Reduction Plan

BP PLC (BP) will not cut jobs in the next three months even as the oil magnate is planning to implement a $2.5 billion cost-reduction plan by 2021 to combat the crude price plunge fueled by the coronavirus pandemic.“This may be the most brutal environment for oil and gas businesses in decades, but I am confident that we will come through it,” BP Chief Executive Officer Bernard Looney, said in a statement. “We also entered this environment in great shape with good operating momentum and financial discipline, strong liquidity and extensive optionality in our portfolio. We remain committed to growing …read more […]

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Morgan Stanley: 2 Stocks to Buy (and 1 to Stay Away From)

April 1, 2020 admin Comments Off on Morgan Stanley: 2 Stocks to Buy (and 1 to Stay Away From)

The most recent quarter marked the worst first quarter on record for both the S&P 500 and the Dow Jones. For investors in search of a bright spot, investing firm Morgan Stanley sees plenty of compelling opportunities being presented as a result of the market’s COVID-19-driven sell-off. Morgan Stanley’s chief U.S. equity strategist Mike Wilson stated, “We like these prices a lot.” He added, “We’ve been scaling back into stocks over the last two, three or four weeks…We think this is probably the best risk-reward we’ve seen for investors in two years.”Heeding Wilson’s advice, we used TipRanks’ database to take …read more […]