Stock Market

COVID-19 and the ensuing economic shutdowns have changed the rules of the investing game. Amid this unprecendented market shakeup, investors must navigate unfamiliar territory, with the old saws not necessarily as reliable as they were before.    According to Bank of America, one of these investing playbook staples is the often-repeated phrase, “sell in May

by Martin Armstrong We may be witnessing the manipulation of polls once again that show Biden way ahead of Trump as we did in 2016 in the USA and with BREXIT. This time it seems that the manipulation is taking place on Steriods. According to our models, the support for Republicans looking at the House

Check out the companies making headlines before the bell: Carnival – Carnival’s debt rating was cut to “junk” by Standard & Poor’s, which is forecasting continued weak demand for the cruise industry due to the Covid-19 pandemic. Dell Technologies – Dell is exploring options for its $50 billion stake in cloud computing company VMWare, according

There’s no relief on the horizon yet for the beleaguered cruise line industry. On June 19, the Cruise Lines International Association (CLIA) announced all cruise operations will remain suspended until September 15. The announcement followed a disquieting quarterly report from struggling cruise line Carnival (CCL). In fiscal Q2, the world’s largest cruise operator lost $3.30

via rushlimbaugh RUSH: Grab sound bite number 1. I want to go back to Friday because we had some sports stuff happen over the weekend, and this just documents that you should not doubt me. On Friday I was describing for everybody how professional sports is now — I don’t know if “embrace” is the right

A woman walks in the rain outside the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters Investors are making the biggest bet in the futures market since 2011 that the stock market is

Gilead Sciences Inc. (GILD) announced on Tuesday that it will buy a 49.9% equity stake in Pionyr Immunotherapeutics Inc., for $275 million. Under the terms of the deal, Gilead has an exclusive option to purchase the remainder of Pionyr, a privately held company developing first-in-class cancer immunotherapies, for $315 million. In addition, Pionyr’s shareholders will

Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018. Smith Collection | Gado | Getty Images Check out the companies making headlines after the bell. Dell Technologies, VMware — Shares of Dell Technologies and VMware spiked 18% and 10% respectively in after-hours trading on a report that Dell is looking

by DCG Birds of a feather… After China lied about the Wuhan virus and WHO lied to protect them, this guy has some nerve making this statement. As reported by Time yesterday: “World leaders must not politicize the coronavirus pandemic but unite to fight it, the head of the World Health Organization warned Monday, reminding all that the pandemic

Amazon (AMZN) has launched a new Climate Pledge Fund with an initial $2 billion in funding to support the development of sustainable technologies and services. This dedicated venture investment program will back visionary companies whose products and services will facilitate the transition to a zero-carbon economy, Amazon says. The purpose of the fund is to

by David Haggith Before we get into the timing of the recession, here is a graph that is particularly telling of the Fed’s journey and is worth studying from left to right. Notice how chaotic and less effective our journey with FedMed has become, just as I wrote about in another article this week (“Zero Hedge

Take a look at some of the biggest movers in the premarket: IHS Markit (INFO) – The financial information and analytics provider reported quarterly profit of 69 cents per share, 2 cents a share above estimates. Revenue was slightly short of forecasts as organic revenue fell 7%. The company said the quarter was “challenging” due

Struggling Californian energy company PG&E Corporation (PCG) has launched simultaneous underwritten public offerings of its common stock and its equity units, with the goal of raising $4 billion and $1.23 billion of gross proceeds, respectively. The money raised will help the company fund its emergence from Chapter 11- which, if the offering is successful, could

Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images Check out the companies making headlines after the bell. T-Mobile — The telecommunication company’s stock fell 1% in extended trading after it announced that SoftBank

If the coronavirus is a wound which Tesla (TSLA) has so far managed to cover up, then, according to Wedbush analyst Daniel Ives, “the band-aid just got ripped off.” Confirming the Street’s concerns, the release of April and May registration figures for Model 3s in California – Tesla’s “core sweet spot,” – indicated a year-over-year

First signs of a very slow-moving mess. By Wolf Richter for WOLF STREET. Sales of existing homes (closed transactions of single-family houses, townhomes, condos, and co-ops) plunged 29% in May compared to May last year, not seasonally adjusted, to 340,000 homes, according to the National Association of Realtors. The “seasonally adjusted annual rate of sales” (SAAR) – which is

An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS Check out the companies making headlines midday Monday: American Airlines — American Airlines dropped more than 6% to become one of the biggest losers in the S&P 500 after the

China has approved Merck’s (MRK) anti-PD-1 therapy, Keytruda, as monotherapy for the treatment of locally advanced or metastatic esophageal squamous cell carcinoma (ESCC) in patients whose tumors express PD-L1 (Combined Positive Score [CPS] ≥10) following failure of one prior line of systemic therapy. Mizuho Securities analyst Mara Goldstein referred to the approval as an “incremental step, in

Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic signed a deal with NASA to develop a recruitment and training program for private astronauts seeking to visit the International Space Station. Walmart (WMT) – UBS upgraded the retail giant’s stock to “buy” from “neutral,” citing greater

[embedded content]streamable.com/1r94vz Video: Antifa Members Were Allegedly Beaten Up By Real BLM Protestors In CHAZ Before The Fatal Shooting Occurred www.rightjournalism.com/video-antifa-members-were-allegedly-beaten-up-by-real-blm-protestors-in-chaz-before-the-fatal-shooting-occured/ ANDY NGO: My terrifying five-day stay inside Seattle’s cop-free CHAZ. Lacking agreed-upon leadership, those who have naturally risen to the top have done so with force or intimidation. For example, rapper Raz Simone, real name

U.S. stocks declined Friday, they rallied nearly 2% for the week while riding a wave of volatile market action. Healthcare and Technology names led the way higher. The recovery began on Monday following news the Federal Reserve would begin buying individual corporate bonds. The rally continued on Tuesday, driven by a record U.S. retail sales

A lot has changed in the world over the past few months, but you wouldn’t know it from the stock market. The NASDAQ, for example, is up 11% year-to-date and recently set a new all time high. However, when it comes to dividend stocks things have definitely changed. This is due to the impact of

After a prolonged bull rally, volatility once again rules the markets. The S&P 500 finished the week in the green, but Friday June 19’s session saw dramatic swings due to technical factors as well as alarming headlines related to a COVID-19 resurgence and a slowdown in the economic recovery.   Against this backdrop, what investors want,

In the five days following the June 3 closure of its merger with VectoIQ — an event that put Nikola (NKLA) on the Nasdaq under its own name — shares of the electric truck company skyrocketed an incredible 135%. This happened without a single word of support for the company from Wall Street. Eight more

By Alex Kimani Don’t expect the oil price rout to trigger a wave of M&A activity any time soon. The last Big Oil M&A wave turned into a disaster for the acquiring companies. There’s a very real possibility that 2020 could be the slowest in the history of mergers in the sector Under normal circumstances,

Amazon (AMZN) shares clocked an all-time high last week by reaching $2,722.35. According to Needham analyst Laura Martin, that milestone will soon be left in the dust as the all-conquering Amazon is heading towards $3,200. As it happens, $3,200 is only Martin’s short-term goal. Over time, Martin reckons Amazon stock could be worth up to

by Robintevenson Here is Mike Gravel in a presidential debate on the stage with Hillary Clinton, Barrack Obama, and Joe Biden: www.youtube.com/watch?v=uBcMUZAXMW4 twitter.com/GravelInstitute/status/1223345215404199944 twitter.com/GravelInstitute/status/1223733471312596992 In July 2019, the Mike Gravel campaign contacted the DNC after receiving over 65,000 unique donors. On the call, a senior official swore that they would never change the debate rules

Planning ahead in 2020 is turning out to be a fruitless task. Especially if you happen to be a cruise line eagerly waiting to resume operations. On June 16, struggling cruise operator Norwegian Cruise Line (NCLH) laid any hope of a summer at sea to rest. The company extended suspensions due to fears over the

Attendees pass by an Alibaba.com display at CES 2019 in Las Vegas. David Becker | Getty Images Check out the companies making headlines before the bell Friday: Alibaba, JD.com — Alibaba and JD.com handled a record $136.51 billion in sales during 618, one of the biggest shopping events in China. Alibaba reported a gross merchandise

by Kimble Charting Are banks about to get fried? Sure could if current support fails to hold! This chart looks at Financial ETF (XLF) from Marketsmith.com on a weekly basis over the past 7-years. XLF has remained inside of bullish rising channel (1) for the past 5-years. Weakness took it below the bottom of the channel during the February/March