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Insiders Snap Up These 3 Stocks Amid Market Crash

The stock markets have been see-sawing wickedly in recent sessions. The Dow Jones average has seen several daily swings of 1,000 points or more. Fears about the COVID-19 epidemic lie behind the increased volatility; the spread of the virus has shut down factories, slowed supply chains, and reduced consumer spending as governments have instituted quarantines and travel restrictions to combat the disease. While there are hints that workers in southeastern China are beginning to return to the factories, it is clear that the epidemic – now officially a pandemic – has not yet peaked.Wall Street is nervous, and even anticipated …read more […]

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Should You Avoid Shopify Inc (SHOP)?

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

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Buffett Bet That Infuriated Icahn Is Hit Hard by Oil Crash

(Bloomberg) — It had all the trappings of a classic Warren Buffett deal. There were the preferred shares created just for him, the warrants giving him an option to buy more common stock and a hefty dividend — 8%, which came to a cool $800 million a year on the $10 billion he plunked down.On their face, the terms were so favorable for Buffett’s Berkshire Hathaway Inc. — and so onerous for the company, the oil driller Occidental Petroleum Corp. — that fellow billionaire investor Carl Icahn seethed with indignation. It was, he wrote, “like taking candy from a baby.”But …read more […]

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Hedge Funds Started Dumping Suncor Energy Inc. (SU) Even Before Coronavirus

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]

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Time to Bottom Fish? Rosenblatt Offers 3 Stocks to Buy

It’s (almost) official, folks: We have (kind of) a bear market!With the Dow Jones Industrial Average falling as much as 20% below its highest closing price of last month, the venerable index of American blue chips finally dipped into bear market territory on Wednesday, the same day that — not coincidentally — the World Health Organization declared COVID-19 a global “pandemic.”Technically, of course, some might argue that for a real bear market, the Dow needs to move 20% below its last best high, and stay there till the closing bell. The fact that the index recovered slightly to close …read more […]

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Bitcoin plunges to near $6,000 levels, hits new low since May 2019

The price of bitcoin has fallen sharply by over 20% this morning. The world’s largest cryptocurrency is now trading at around $6,200 levels, according to data from TradingView. This represents a new low since May 8, 2019.The post Bitcoin plunges to near $6,000 levels, hits new low since May 2019 appeared first on The Block. …read more […]