Trading Ideas

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Oil prices surged as much as nearly 20% on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global coronavirus recession. Brent crude was up $2.10, or 8%, at $26.98 a barrel by 0028 GMT after tumbling 13% on Wednesday in a third day of relentless selling. “After a 24% crash, oil prices are firming up on some selling exhaustion and as U.S. and European leaders unleash … aid and stimulus,” said Edward Moya, senior market …read more […]

Oil prices surged as much as nearly 20% on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global coronavirus recession. Brent crude was up $2.10, or 8%, at $26.98 a barrel by 0028 GMT after tumbling 13% on Wednesday in a third day of relentless selling. “After a 24% crash, oil prices are firming up on some selling exhaustion and as U.S. and European leaders unleash … aid and stimulus,” said Edward Moya, senior …read more […]

Since the coronavirus outbreak began, the market’s pullback has been severe and the recent measures to help blunt the impact haven’t restored investors’ confidence. The S&P 500 tumbled 5.18% today and closed nearly 30% below its record peak set less than a month ago.However, the fact that the S&P 500 has fallen 30% from its record peak in a matter of a couple of weeks is bound to get some analysts thinking that now might be a good time to start bottom-fishing for bargains in the stock market — official bear market or no. Stocks whose valuations might not have …read more […]

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(Bloomberg) — In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada.Hit by unfettered supply from Russia and Saudi Arabia and reduced demand as a result of the coronavirus, the benchmark blend of crude produced from Canada’s oil sands plunged to a record low of $7.47 a barrel on Wednesday. The fallout: Virtually every barrel of oil now produced there will come at a loss at a time when the energy industry generates 10% of Canada’s gross domestic product and a fifth of its exports.The losses could spur a stark turnaround …read more […]

What a truly historic week this has been…
Everywhere you look, everyday investors are losing money… rapidly… like we haven’t seen in decades.
And through it all, investors are being told to wait it out… be in it for the long term… and even buy the dips – because the market always recovers.
In my view, that’s garbage.
Who has that sort of time?
Or, to put it another way, who wants to watch four years of gains all evaporate in a month’s time – only to have the cycle start all over again from scratch?
At Monument Traders Alliance, we take a different approach.
War Room …read more […]

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The recent plunge in the stock market triggered by the COVID-19 outbreak is likely due to fears that corporate profits will fall off a cliff as individuals and businesses drastically cut spending.
But if you’ve been in a supermarket lately, chances are you’ve bought (and maybe hoarded) some Procter & Gamble (NYSE: PG) products.
Its brands include Charmin, Pampers, Tide, Crest and Pepto-Bismol – all things that people don’t want to chance being without in a time of crisis.
Less crisis-driven household name brands under Procter & Gamble include Old Spice, Swiffer, Dawn and Febreze.
These are staples that most households buy throughout the …read more […]

(Bloomberg) — Extreme volatility in the oil market continued in Asia on Thursday amid an unprecedented global demand shock brought on by the coronavirus, with the market recovering some of the previous day’s losses.Futures in New York rose as much as 14%, the most since September, following a 24% rout in the previous session. The market crash had deepened after Saudi Arabia pledged to pump flat out for months to come, even as analysts ratchet down their forecasts for global demand this year. So far, neither the Saudis nor Russia have blinked since failed talks earlier this month to further …read more […]

Stock futures kicked off the overnight session lower, extending Wednesday’s crushing losses as policymakers and corporations continued to unleash further responses to the global coronavirus outbreak. …read more […]

(Bloomberg) — Hedge fund manager Bill Ackman is buying shares of private equity heavyweight Blackstone Group Inc., according to a person familiar with the matter, as the growing coronavirus pandemic roils markets.Blackstone slumped 1.6% on Wednesday and has declined 34% over the past month. Competitors including Brookfield Asset Management Inc. and Apollo Global Management Inc. have recorded similar declines.Ackman said in a CNBC interview earlier in the day that he’s aggressively buying stocks, including Hilton Worldwide Holdings Inc., which his hedge fund Pershing Square Capital Management owns. He also said he expects private equity firms will go bankrupt if the …read more […]

More and more every day, I’m reminded of this Warren Buffett quote: “You know, people talk about this being an uncertain time.”
It certainly describes the environment that COVID-19 has created: fear of the unknown. It’s hard to know when this will all blow over and things will return to normal.
Here’s what we do know. The bulk of the people who are infected with COVID-19 will recover, just as if they had the flu.
And for some more good news, the pandemic could give renewable energy projects a big boost on several fronts.
On Lockdown
As COVID-19 spreads around the world, the initial response …read more […]

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In an internal letter to employees, Expedia Group Vice Chairman Peter Kern told staff to set aside any projects that don’t contribute to meeting the company’s immediate needs and exhorted employees to help travel partners find business anywhere they can. “If you’re wondering how we might help our travel partners survive all this, well, our […] …read more […]