Trading Ideas

The global economic shutdown due to the coronavirus was a potential nightmare for Aurora Cannabis (ACB). The Canadian cannabis company is in the middle of cutting capacity and costs for the new reality in the market while trying to avoid running out of cash. A complete shutdown of cannabis stores would’ve crushed any remaining hope in financial improvements at the business, but the market has seen the opposite effect of the shutdown actually lead to a boost to cannabis sales as consumers stay at home.Booming SalesOn March 17, Canopy Growth (CGC) announced the closure of all 23 of their retail …read more […]

In challenging times, it’s important to protect both your health and wealth.
Today, Alexander Green shares a surefire way to boost your immunity: a healthy diet.

Over the last two decades, I’ve written many columns about how to protect your wealth through asset allocation, diversification, trailing stops, lower investment costs and greater tax efficiency.
Today I want to talk about protecting something far more important: your health.
Data out of Italy and China reveals that older men and women with COVID-19 have far higher mortality rates than younger ones.
For folks over 60, it’s almost 5%. For those over 70, it’s 10%. And for those …read more […]

Yahoo Finance’s Dan Howley joins the On The Move panel to break down the details of Apple’s new COVID-19 app. The tech giant partnered with the CDC and White House to create the app. …read more […]

U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic. At the same time, Mnuchin said in an interview with Fox Business Network that plane-maker Boeing Co has not requested government help. “I’ve been very clear this is not an airline bailout,” Mnuchin said. …read more […]

Just because a business does not make any money, does not mean that the stock will go down. For example, although… …read more […]

(Bloomberg) — The American shale industry shocked the world with its rebound after the 2014-2016 bust, setting records for output that pushed the U.S. to the top spot among oil-producing countries. A handful of experts is saying that will happen again.The comeback trail would be steep and long. The spread of coronavirus is crushing demand while Saudi Arabia and Russia are creating a glut. Everybody agrees U.S. production will take a bigger hit than last time, when it dipped before soaring. As many as 70% of the 6,000 shale drillers may go bankrupt, and one-third of shale-patch workers are expected …read more […]

Congress unleashed “the fiscal firehose.” …read more […]

The market is very focused on the negative ramifications of the global economic shutdown from the coronavirus outbreak. The cannabis sector will be hit as hard as any sector if retail stores are closed in certain, but some states such as California have already identified medical cannabis as essential.The U.S. cannabis sector could be hit harder with all of the companies in growth mode while facing liquidity issues. The sector remains trapped outside the traditional financing avenues due to government regulations with cannabis being illegal at the federal level.Despite all of these headwinds, the U.S. cannabis market saw several states …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 […]

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As the coronavirus escalates across the United States, businesses and individuals are concerned with how this will affect their taxes, despite the deadline being extended to July 15. …read more […]

(Bloomberg) — Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.Western Canadian Select crude in Alberta dropped to a record low of $5.03 a barrel on Friday, according to Bloomberg data going back to 2008, cheaper than a Starbucks venti-sized pumpkin spice latte. Synthetic crude, produced from oil-sands bitumen that’s been run through an upgrader, is in even worse shape: the price tumbled 10% to $9.78 a barrel, also the lowest on record.Canadian heavy crude …read more […]

(Bloomberg) — Lawmakers in Washington are making it easier for Americans struggling with the fallout from the coronavirus to draw on the trillions of dollars in their 401(k)s and other retirement accounts.For a limited time, Americans would be able to withdraw money from tax-deferred accounts without penalties under a stimulus package approved by the Senate and awaiting a vote in the House. Rules on 401(k) loans would also be relaxed, and some retirees would avoid so-called required minimum distribution, or RMD, rules that might have been onerous.Read more: House faces urgency to act on Senate’s $2 trillion virus rescue billSome …read more […]

(Bloomberg) — The recent popularity of Blue Apron Holdings Inc.’s mail-order meal kits is giving the struggling company a much-needed boost, but some industry watchers say that will pass once the coronavirus outbreak abates.Blue Apron is attracting new users in part because fresh ingredients can be hard to find in supermarkets right now, said Dan McCarthy, an assistant professor of marketing at Emory University’s Goizueta Business School. However, he notes the company was “bleeding customers very consistently” up until recently and that’s likely to be the case again once people return to their normal lives.“The amount of repeat business they …read more […]

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