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3 Defensive Dividend Stocks With Over 5% Dividend Yield

The coronavirus outbreak has been taking up its fair share of headline space, and rightly so. The virus first appeared in Wuhan, China, but large-scale outbreaks are now appearing in South Korea, Iran and Italy. While healthcare companies are working around the clock to develop a vaccine, the reality for now is harsh: a rapidly spreading virus is causing major disruptions to international travel and trade. China’s economy has already taken a serious hit, and even Apple has announced that its Q1 2020 results will suffer badly from the economic impact of the coronavirus. As a result, the S&P 500 …read more […]

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Germany Quarantines 1,000; Switzerland Bans Events: Virus Update

(Bloomberg) — Germany quarantined about 1,000 people, Switzerland banned big events, while Britain and Netherlands reported new cases. South Korea revealed 571 more coronavirus infections and Nigeria, Africa’s most populous country, confirmed the first infection south of the Sahara desert.Equity markets tumbled in Asia and Europe and U.S. futures weakened, while yields on Treasuries maturing in two and five years slid to the lowest level since 2016. Brent crude dipped below $50 a barrel for the first time since December 2018.Key DevelopmentsConfirmed cases worldwide pass 83,000; deaths top 2,800JPMorgan joins rush to curb global travel as virus spreadsLimited virus testing …read more […]

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Markets Are Pricing in a Coronavirus Recession

(Bloomberg Opinion) — Global markets have entered the meltdown stage, accelerating in the past few days beyond a relatively orderly stock-market correction. With coronavirus cases now on all continents this is no longer a domestic China problem; that suddenly dawned on complacent investors after last weekend’s big outbreak in Italy.Hence the stampede to get into cash as lockdowns and states of emergency have multiplied, from Lombardy to Japan’s northern island of Hokkaido. Any attempt by the stock markets to bounce is just being seen as an opportunity to offload more shares. This is a catch-up effect and is starting to …read more […]

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China Is Making Progress in the Battle to Get Back to Work

(Bloomberg) — China is slowly starting to get back to work, as it battles the coronavirus outbreak that has killed more than 2,600 people and sickened tens of thousands.Government controls and the fear of going outside have curtailed spending, and many factories are still not working at full capacity due to a lack of staff, with workers still in their hometowns or spending two weeks in quarantine.However, activity seems to be picking up, with the economy likely running at 60% to 70% capacity this week, according to a Bloomberg Economics report, up from about 50% two weeks ago. The following …read more […]