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Market News

Location American Market News for 20 April 2020
United said it lost $2.1 billion in the first quarter, some of the first detail of damage from coronavirus on the airline business.
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CVS Health About To Put More Money In Your Pocket On 4/22/20, CVS Health will trade ex-dividend, for its quarterly dividend of $0.50, payable on 5/4/20.
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Why Coronavirus Could Help Samsung's Memory Division Samsung Electronics' total revenues declined from $212 billion in 2017 to $197 billion in 2019 and are estimated to decline by about 3% to $193 billion in 2020. The decline over 2020 is likely to be driven by an 8% decli...
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Why Colgate-Palmolive Stock Has Been A Safe Haven During The COVID-19 Crisis? Comparing the trend in Colgate-Palmolive (NYSE: CL) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can recover to its pre-crisis levels, and rise furt...
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Stock Market: Investor Mood Too Optimistic

Forbes - 20 Apr 2020 08:09
Stock Market: Investor Mood Too Optimistic Gilead, Florida/Texas and Friday market rise do not change the stock market's risks or outlook
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Less Than Zero: What Oil's Crazy Day Means

Wall Street Journal - 20 Apr 2020 23:03
The U.S. benchmark oil-futures contract settled at a negative price for the first time ever in a chilling development for U.S. producers and traders.
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Saudi Arabia and other OPEC members are considering cutting their oil output as soon as possible, rather than waiting until next month when the group's recent production agreement with the U.S. and Russia is set to begin...
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United States | COVID Shock And Democratic Unity Make Trump Re-Election Less Likely; 2020 Election Now A Tossup Fallout from the Covid-19 pandemic and consolidation of opposition support around the Biden candidacy will push U. S. Government Instability Risk to a new peak, making President Trump's re-election less likely in Novembe...
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Should We Stop Celebrating 4/20 For What It Is Today? Many in the cannabis industry think we should move away from the negative stigmas around 4/20 and reframe the holiday into more of a movement toward legalization/criminalization
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Coronavirus Layoffs: ViacomCBS, Cantor Fitzgerald Latest To Shed Jobs Amid Pandemic The national crisis, spurred by the spread of coronavirus, has impacted nearly every industry.
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Where Next As Oil Closes Below Zero For First Time In Trading History May front month contract took a nosedive as in the face of scarce U.S. storage space and dire demand forecasts.
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Stocks Fall As Oil Futures Turn Negative And Lawmakers Fail To Agree On More Stimulus Loan Funding U.S. oil storage tanks are filling up and traders are dumping May futures contracts, which expire tomorrow and are due to be delivered while the country is still on lockdown.
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Make America Go Back To Work Again?

Forbes - 20 Apr 2020 21:02
Make America Go Back To Work Again? The world watches as a number of economies begin, or plan, to lift certain lockdown measures that were earlier put in place to slow the spread of the coronavirus.
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CARES Act Liberalizes 401(k) Withdrawals

Forbes - 20 Apr 2020 19:47
Provisions for loans or withdrawals from 401(k) plans have been relaxed for 2020. You can now borrow up to $100,000 or 100% of your balance and pay it back over time. Previously you could borrow $50,000 or 50% of your ba...
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Are Single-Use Plastics Seeing A Resurgence? When the coronavirus pandemic subsides, society may reconsider its recent aversion to single-use plastics. This could be a long-term boost for the oil and petrochemical industries.
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Boom in Online Shopping Fuels Rally in Shopify Stock

Wall Street Journal - 20 Apr 2020 19:05
The e-commerce software company has benefited from surging traffic as vast swaths of the global population have been forced to do more of their shopping online. The stock has climbed 81% since hitting a recent low on Apr...
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Global Pandemic Isn't Stopping China From Creating New Billionaires China has been home to one of the world's largest numbers of new billionaires and IPOs in the past 12 months.
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Buffer Zones Coming to a Theater Near You

Wall Street Journal - 20 Apr 2020 19:01
Movie chains won't be able to fill their auditoriums, but they may not have to.
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Apple Gets A Rare Sell Rating

Forbes - 20 Apr 2020 18:39
Apple Gets A Rare Sell Rating Goldman Sachs Apple analyst Rod Hall has stuck his neck out with a Sell rating on the shares. His detailed analysis backs it up, as do PE multiples over 22x. Look for analysts' who have not cut their estimates to do so a...
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The U.S. Oil ETF, USO, Is The Culprit Behind Oil's Massive Plunge According to Bloomberg, USO owned 25% of the outstanding volume of May WTI oil futures contracts as of last week.
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Why Oil Is $11 a Barrel Now but Three Times That in Autumn

Wall Street Journal - 20 Apr 2020 16:25
Many traders are betting that the coronavirus pandemic will run its course and later this year demand for oil will jump.
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Which Casino Stock Offers Better Odds: MGM Resorts or Las Vegas Sands? Casino stocks have been trending downwards since the coronavirus outbreak was declared an epidemic in China, which subsequently led to a two-week shutdown in Macau. However, the containment efforts didn't last long and t...
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