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Market News

Location American Market News for 16 April 2020
The $350 Billion Small Business Loan Program Is Officially Out Of Money. Lawmakers Can't Agree On What Happens Next. The emergency loan program that is a cornerstone of the $2 trillion CARES Act has now exhausted its $350 billion in funding.
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Canadian Bankers Expect a Bond Boom

Wall Street Journal - 16 Apr 2020 14:58
The Bank of Canada said it would buy Canadian corporate bonds for the first time, a move aimed at unfreezing markets hit by coronavirus concerns.
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IAC Is a Bit of a Fixer-Upper

Wall Street Journal - 16 Apr 2020 13:30
Investors are betting on IAC's remodel, but just how quickly can the whole thing be fixed?
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Bed Bath & Beyond said that its results in 2020 "will be unfavorably impacted" by the crisis, and so it will not be offering a first-quarter nor full-year outlook.
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Options Markets Offer Ominous Outlook For Stocks Stock investors might getting ahead of themselves as the current rally in US stocks stalls. We take a look at the options market to get more insights on what to expect.
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Brazil's President Bolsonaro Sacks Coronavirus Health Minister Bolsonaro dumps his version of Fauci. Brazil Medical Association approves of new Health Minister as coronavirus fight heats up.
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2 Great Dividends To Buy After The Next Dip

Forbes - 16 Apr 2020 22:10
2 Great Dividends To Buy After The Next Dip Is the bottom in?
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Libra Compromises Undermine Original Facebook Promise In an effort to make regulators happy, the Libra Association founded by Facebook has winnowed away much of the promise its cryptocurrency plans offered to upgrade global finance.
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Google May Let Some Air Out of Its Cloud

Wall Street Journal - 16 Apr 2020 19:18
Google will be "recalibrating" its focus and pace of investments in areas like data centers and machines--the components underpinning cloud computing.
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Wanted: An Army Of Whistleblowers

Forbes - 16 Apr 2020 18:11
Wanted: An Army Of Whistleblowers With trillions in taxpayer funds being stretched to address the impacts of a global pandemic and a White House intent on gutting accountability, we need whistleblowers more than ever.
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On its own, maybe not, but with the help of two recent important developments, it just may.
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Oil Demand Will Fall by a Fifth in April, OPEC Forecasts

Wall Street Journal - 16 Apr 2020 16:24
Global oil demand will drop by 6.8 million barrels a day in 2020, with the sharpest contraction coming in April amid travel bans and lockdowns aimed at preventing the spread of the coronavirus, the Organization of the Pe...
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Abbott: A Stock for Testing Times

Wall Street Journal - 16 Apr 2020 17:50
Abbott Laboratories has what it takes to ride out the coronavirus crisis, not just because it happens to make three Covid-19 tests.
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Turns Out, The Whole NASDAQ Is A Stay-At-Home Trade! One of the fascinating things to watch during the quarantine period has been the stock market's ability to specifically identify quarantine winners and losers.
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EBAY Crosses Above Key Moving Average Level

Forbes - 16 Apr 2020 17:25
EBAY Crosses Above Key Moving Average Level In trading on Thursday, shares of eBay crossed above their 200 day moving average of $36.84, changing hands as high as $36.98 per share. eBay shares are currently trading up about 1.6% on the day.
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How To Play Commoditization On The Big Board And Elsewhere Commoditization of the Big Board plays on. It's not like music, the food of love. Rather, telescoped price changes of 10% or more over a few trading hours are vulgarly brassy and gut-wrenching.
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The WHO Are a Bunch of Party Poopers

Wall Street Journal - 16 Apr 2020 16:18
The White House has a low opinion of the World Health Organization, but restricting alcohol sales is an idea that doesn't sound so bad.
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Temporary restrictions on betting against stocks have been extended in Europe, even as investors bemoan the problems such bans pose and their lack of effectiveness.
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A Million COVID-19 Cases In The U.S. Looks Very Likely Despite Slowing Daily Growth Cumulative Coronavirus cases in the U.S. grew to 587k as of April 13. While the country reported about 27k new infections on Monday, April 13, the rate of growth is slowing down with daily new cases dropping from about 3...
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Why It Is Just A Matter Of Time Before Nike Stock Recovers To $100 Comparing the trend in Nike's (NYSE: NKE) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 17% once fears surrounding the coronavir...
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Resilience Meets Data: Can Stocks Rally Amid More Evidence Of Economic Devastation? Morgan Stanley--the last of the big banks to report earnings--fell short of consensus, and jobless claims jumped again, as expected. But is a path forward to reopening the economy on the way?
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The Importance Of Reading Footnotes - Uncovering Material Items In Filings See material, critical details uncovered in the footnotes to measure earnings better.
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