Trading Ideas

…read more […]

…read more […]

…read more […]

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]

Zoom Technologies shares were suspended through April 8th, after the stock was confused with Zoom Video. Yahoo Finance’s Julie Hyman breaks down the news. …read more […]

Today we are going to look at Frontline Ltd. (NYSE:FRO) to see whether it might be an attractive investment prospect… …read more […]

Yahoo Finance’s Jared Blikre joins the On The Move panel to discuss the latest market action. …read more […]

(Bloomberg) — As ridiculous as it sounds, the Dow Jones Industrial Average just climbed out of the bear market it entered two weeks ago.It’s a development that speaks to the tenuousness of market conventions in times of extreme volatility. The biggest rally since 1933 helped push the gauge up the requisite 20% from the low it hit Monday, meeting one time-honored definition of a bull market.Right now, it’s a milestone only a statistician could love given the index remains almost 25% below the record high it touched on Feb. 12 — though that doesn’t mean it won’t keep going.While weird, …read more […]

(Bloomberg) — U.S. mortgage rates fell for the first time in three weeks. But for would-be homebuyers frozen in fear of an economic meltdown, borrowing costs are no longer a prime concern.The average rate for a 30-year fixed loan was 3.5%, down from 3.65% last week, Freddie Mac said in a statement Thursday.Americans hunkering down in coronavirus quarantine are in no mood to shop for homes. Even if they can buy, many worry about how bad the coming recession will be, and how long it will last. A total of 3.28 million people sought unemployment benefits in the week ended …read more […]

States like New York will see significant revenue shortfalls due to coronavirus. Legalizing cannabis could make up for a quarter of the losses, which could help push legislation forward. …read more […]

(Bloomberg) — Two Tesla Inc. employees have tested positive for the coronavirus, according to an internal email.The two staffers had been working from home for almost two weeks and were not symptomatic when they were in the office, according to the memo. Both are quarantined at home and recovering well, the company told employees.The email was sent out by Tesla’s environment, health and safety department and signed by Laurie. The head of the division is Laurie Shelby, a vice president. Tesla didn’t immediately respond to requests for comment on the memo, which doesn’t specify which office the employees worked in.Chief …read more […]

If some companies have a host of new issues to deal with following the unexpected trauma of a worldwide pandemic, then other companies have a brewing opportunity. Although you can probably count Roku (ROKU) as one of the most likely candidates to come near the top of such a list, the streaming platform hasn’t been immune to the coronavirus. Roku’s share price is down by 30% year-to-date. According to Wedbush analyst Michael Pachter, the recent share price decline has “reined in Roku’s usually lofty valuation,” and is the reason why the analyst reduced the price target from $115 to $86. …read more […]

Congress has just passed a stimulus package to attempt to counteract the economic havoc the coronavirus, or COVID-19, is unleashing on the U.S. economy. …read more […]

New unemployment claims surged to a record high last week, topping three million. But that staggering leap in joblessness likely understates the full damage the coronavirus outbreak has inflicted on the U.S. labor market, according to multiple economists. …read more […]

(Bloomberg) — Oil deepened losses as a U.S. government plan to buy oil for its emergency reserve fell through, adding to worries over demand destruction due to the coronavirus and a looming global supply glut.Futures in New York fell as much as 5.2% after the planned U.S. purchases were rescinded amid uncertainty over funding from Congress. The reversal comes as investors grapple with weakness across physical crude markets. There’s also growing worry of crippled demand from the pandemic with Goldman Sachs Group Inc. warning consumption would decline by almost 19 million barrels a day next month.Market gauges were already signaling …read more […]