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3 Stocks to Pull From the Bear Market Bargain Bin

Welcome back, bears.The Dow retreated further on Thursday and has now pulled back 26% from its all-time high, crossing the threshold considered to officially trigger a bear market. The latest sell-off came after the World Health Organization declared the coronavirus outbreak a global pandemic and Trump addressed the virus in a speech in which he also announced a ban on most travel from Europe, without delivering the economic and medical response investors were hoping for.In a note to clients, Wedbush’s Daniel Ives reminds investors that as history has repeatedly shown, the many panics, fears, and sell-offs on account of different …read more […]

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U.K. Abandons Effort to Contain Virus as 10,000 May Be Infected

(Bloomberg) — U.K. authorities have abandoned efforts to contain the spread of coronavirus and will focus on delaying the worst of the outbreak, as officials said as many as 10,000 Britons may be infected.Prime Minister Boris Johnson warned “many more” families will lose loved ones and advised everyone with any symptoms of the virus, including a cough or a fever, to stay at home for seven days. Schools will not yet be ordered to close under the plan, though this may change as the disease spreads.Speaking after a meeting of senior ministers and advisers working on the response to the …read more […]

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Your Homework Before the Next Market Correction

The worst thing you could do right now during this market correction is panic.
If you’re an experienced investor, you know that the markets will find their support. The free fall can’t last forever.
But if you’re a novice investor, let this be a learning experience.
We’re witnessing history.
Bloodbaths happen… but the market always recovers. Farther down the road, this will be a blip in the rearview mirror.
As our experts have been saying for weeks, a down market is an opportunity to go bargain hunting. To pick up shares of great companies at even greater discounts.
That said, there’s one imperative move you must …read more […]

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I’ll Have a Corona, Please… With a Side of Buffett

The stock market’s plunge over the past month has been spectacular.
But, as Alexander Green explains, if you keep your head, there is a bright side for building wealth.

The stock market’s plunge over the past month has been pretty spectacular.
Bear markets generally take months to unfold. But what started as “The Coronavirus Correction” quickly turned into a market rout.
How much of this is due to hysteria rather than fundamentals?
Quite a bit, actually.
Don’t get me wrong. COVID-19 is a real threat. I have parents who are 89 and 90, so you can believe I’m monitoring this thing closely.
But notice that shares of …read more […]

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Virgin Galactic Stock: A Dream Project, But A Wise Investment?

Virgin Galactic stock is seen by many investors as the next big thing. However, is it a good investment? This dream project may well be the next Tesla in the stock market. Can Sir Richard Branson replicate Elon Musk’s ability to make a visionary project profitable?
Virgin Galactic (NYSE: SPCE) is the spaceflight company within Virgin Group. Its mission is to “open space for everyone” with the world’s first commercial spaceline. That’s no easy task, but Branson has the resources to push further than anyone before him.
However, where is SPCE stock currently? And what can we expect in the future?

Virgin Galactic …read more […]

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Coronavirus testing is ‘potentially’ not happening, so ‘numbers of cases don’t increase’

Austan Goolsbee, Former Chairman of the Council of Economic Advisers under President Barack Obama, joins Yahoo Finance’s On The Move to discuss the market reaction to the ongoing coronavirus outbreak and more. Goolsbee is also a Professor of Economics, Chicago Booth School of Business. …read more […]

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Saudi Arabia moves to grab Russian oil market share, sources say

Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering its own cheap barrels instead after their long-standing deal to support global oil prices fell apart, seven oil sources said. Market sources told Reuters that state-controlled Saudi Aramco is trying to replace Urals in refiners’ feedstock around the world, from Europe to India. …read more […]

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U.S. markets sink on virus fears, it could be ‘worse than 2008 in economic terms’: Expert

As fears of the new virus COVID-19 continue to spread, the Dow Jones Industrial Average is on track for the worst day since the 1987 Black Monday stock market crash. Raoul Pal, Real Vision Group Founder & CEO joins Yahoo Finance to discuss that and more. …read more […]