Trading Ideas

(Bloomberg) — Goldman Sachs Group Inc. pumped more than $1 billion into two of its prime money-market portfolios as investors pulled funds during one of Wall Street’s most volatile weeks.The bank bought $722.4 million in assets from its Goldman Sachs Financial Square Money Market Fund last week and another $301.2 million from its Goldman Sachs Financial Square Prime Obligations Fund, according to two filings with the Securities and Exchange Commission late Friday. Combined net withdrawals exceeded $8 billion.The purchases increased the funds’ weekly liquid assets to 42% from 34% for the first product, and to 49% from 44% for the …read more […]

As we continue to face the coronavirus pandemic, people around the world are clearing store shelves to stock up for the outbreak. Here is what people are eating. …read more […]

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As fear over the new coronavirus, or COVID-19, grips the U.S., a diverse crowd of many ages and ethnicities waited out a 2-hour line to purchase firearms and ammunition outside a Sloatsburg, New York, outdoor gear and weapons shop on Saturday. …read more […]

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This weekend’s Barron’s discusses what may change in terms of health care resources.Other featured articles look at banks big and small, doomed industries and bargain tech giants.Also, a technical outlook for stocks and some wild economic predictions. “A New Deal for Health Care” by Josh Nathan-Kazis points out that calls are growing louder for the White House to ramp up resources to fight the coronavirus. See what that could mean for medical device maker Medtronic PLC (NYSE: MDT) and many others.Andrew Bary’s “Big Banks Are Getting a Real-Life Stress Test” shows why Barron’s thinks Bank of America Corp (NYSE: BAC) …read more […]

Its support came as markets had another violently volatile week over concerns about the coronavirus pandemic, and represents an extraordinary move in the staid money-market fund industry. Goldman, which disclosed the moves on Friday in a filing with the U.S. Securities and Exchange Commission, did not have an immediate comment. The bank repurchased securities from its two funds on Thursday after investors withdrew a net $8.1 billion from them during a four-day stretch, according to the disclosure. …read more […]

Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included e-commerce and electric vehicle leaders.Bearish calls included aerospace and cruise giants.The big U.S. indexes ended the past week heavily in the red again as the still-unfolding COVID-19 outbreak looks increasingly like it will upset absolutely everything. A few sector leaders are going on hiring sprees, oil prices at least briefly halted their plunge and the presumptive Democratic presidential nominee has become clear.Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week’s …read more […]

Gas prices continue to fall across the U.S., as recession fears heighten around coronavirus and price wars between Saudi Arabia and Russia heat up. …read more […]

As the virus spreads, some hospitals could soon be overwhelmed by the number of coronavirus patients. …read more […]

CEOs from America’s largest publicly traded airlines sent an urgent letter Saturday to Congressional leaders promising to stop stock buybacks and paying dividends in exchange for a multi-billion dollar coronavirus bailout. …read more […]

Every minute we’re bombarded with new information – and not always accurate information – about COVID-19 and how the market will respond to it.
Meanwhile, the S&P 500 teases anxious investors with momentary rallies… only to slump further.
Sectors like energy and businesses like airlines suffer, while too many of us remain hyperfocused on the next company to combat the disease… and not on companies that will help us earn reliable income.
It’s time to zoom out.
I care too much about readers to let them get tossed around by each piece of news. It’s hard to know what’s fact and what’s fiction.
That’s why …read more […]

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Last year, investors were prepared for a Procore IPO. Rumors surfaced in 2019 as the company prepared to go public. Investors expected the IPO to come towards the end of 2020.
But it’s here now. Recently, Procore filed with the U.S. Securities and Exchange Commission. And since Procore is an investment unicorn, a lot of investors are eager for the opportunity. Here’s what we know…
Procore IPO: The Business

Craig Courtemanche founded Procore Technologies in 2002. The California-based company provides construction management software. It gives access to project information, simplifies workflows, and allows collaboration among project stakeholders.
Construction is one of the oldest and …read more […]

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