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 […]
Christine Short, Tip Ranks Vice President of Market Research joins Yahoo Finance’s Zack Guzman and Akiko Fujita on The Ticker to discuss Trump’s stimulus proposal to counter COVID-19. …read more […]
The FDA has now approved two methods of testing swab samples, with several more in queue. …read more […]
Terry Booth, the founder and one-time CEO of Aurora Cannabis (ACB), has just sold 12.2 million shares of the company he once ran — a development, says Jefferies analyst Owen Bennett, that is “not great for sentiment” about the stock.You don’t say!As Aurora announced in a press release Monday, “Terry Booth has filed a report on the System for Electronic Disclosure by Insiders (SEDI) regarding his sale of approximately 12,161,900 shares into the open market … in connection with the previously announced transition of Mr. Booth’s role within the Company.” The transition in question being, of course, Booth’s resignation as …read more […]
While many investors are looking to buy low, others are looking for stocks on the rise.
The past month has been unprecedented. The Coronavirus (COVID-19) outbreak has created much uncertainty for investors. JPMorgan’s Bram Kaplan told clients Monday that “The Covid-19 pandemic sparked the fastest reassessment of equity market fundamentals and risk in the last 30 years.”
And while state and federal support teams struggle to fight the clock, stocks continue to fall. However, despite the doom and gloom, the Dow has seen a nice uptick today of 3.53%.
Since the market started declining, we’ve continued to deliver the latest and greatest investment …read more […]
The rapid onset of COVID-19 has had major implications on global health and wealth.
Today, Nicholas Vardy shares the key takeaways – good, bad and ugly – that we should all understand.
Like many of you, I spent much of the weekend learning about the COVID-19 virus and its implications for financial markets.
It turns out that experts – from Bill Gates to the world’s leading epidemiologists – knew a global pandemic was inevitable.
Today, I want to provide three insights I gained on the current pandemic.
The Good…
My wife is a clinical psychologist. She taught me the critical idea of a “mental reframe” – …read more […]
The stock market needs a big fiscal relief plan due to the severity of the coronavirus outbreak. …read more […]
(Bloomberg) — Blue Apron Holdings Inc.’s stock more than doubled this week as cities around the country are forcing restaurants to curtail operations and as panic-buying empties the shelves of the nation’s grocers.“With so many households practicing social distancing and remaining at home, getting fresh ingredients for at-home preparation holds appeal,” Bloomberg Intelligence senior analyst Jennifer Bartashus said.Shares of the meal kit delivery are up more than 50% for a second straight day, while Canadian peer Goodfood Market Corp. increased 44% over the two-day period. Food delivery services Waitr Holdings Inc.’s stock is up 141% since the start of the …read more […]
Rating agency Standard & Poor’s on Monday lowered its credit rating on the planemaker to ‘BBB’ from ‘A-‘ and now expects 2020 free cash flow in a range of negative $11 billion (9.1 billion pounds) to $12 billion, down from a prior estimate of positive $2 billion. Reuters reported last week that Boeing is set to draw down the full amount of a $13.8 billion loan, likely bringing its total debt to $41.1 billion. Boeing’s total debt nearly doubled to $27.3 billion in 2019, as it grappled with additional costs related to the 737 MAX grounding and compensated …read more […]
Nouriel Roubini, a NYU Stern Professor of Economics, joins On The Move to discuss the impact that the coronavirus has had on markets and the Fed’s decision to open the commercial paper funding facility. …read more […]
Yahoo Finance’s Brian Cheung joins the On The Move panel to discuss the Federal Reserve’s decision to open up a commercial paper funding facility to help support companies amid the coronavirus impact. …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 […]
Boeing Co confirmed it is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the entire aviation sector. Boeing, already struggling to win approval from regulators for its 737 MAX to return to service after two fatal crashes in five months, is in talks with the U.S. government to try to win support for manufacturers, suppliers, airlines and airports, the person said. Earlier on Monday, S&P Global downgraded Boeing’s credit rating and lowered its free cash flow expectations for the company. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
