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Market News

Location American Market News for 1 May 2020

Exxon: Heavy Lies the Dividend Crown

Wall Street Journal - 1 May 2020 19:24
With oil prices in a meltdown and fuel demand in an epic slump due to the coronavirus pandemic, Exxon just reported its first quarterly loss in decades. Is it acting sensibly? The answer is a qualified 'yes.'
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Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows.
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China Gets Third New Billionaire In Two Weeks As Alibaba-Backed Raycloud Lists China is home to the world's second-largest group of billionaires after the United States
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Investors Flock To Dividend ETFs With Over $3 Billion In Flows Since March The biggest gainer over the last 30 days is the SPDR S&P Dividend ETF (SDY) that had an impressive flow of $1.18 billion, followed closely by the Vanguard Dividend Appreciation ETF (VIG). However, the 90-day flows are wh...
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Tech, Energy Sectors Leading The Charge Lower In Rough Start To May The week ended with a thud as tech stocks got slammed. There are some good things to hang your hat on, though, including 10-year yields staying supported and crude testing $20 a barrel.
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Stocks Had Their Best Month In 33 Years, But Here's Why Experts Are Skeptical There are reasons to doubt the stock market's latest rally, experts say.
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$1.5 Billion Flows Into Tech ETF As Investors Become More Bullish Investors increase their beta exposure as over $1.5 billion flows into the Invesco QQQ Trust (QQQ) ETF.
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Wuhan Lab As Coronavirus Source Gains Traction Former senior-level official for Clinton, Biden says coronavirus is probably from a lab. Meanwhile, investors losing trust with China.
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Mistakes to Avoid When Refinancing Student Loans

Wall Street Journal - 1 May 2020 22:22
Refinancing college debt could be an answer for some parents. But before deciding, it is helpful to understand the options.
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International Paper Shares Cross 6% Yield Mark In trading on Friday, shares of International Paper were yielding above the 6% mark based on its quarterly dividend (annualized to $2.05), with the stock changing hands as low as $33.06 on the day.
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Treasury Yields Are Supported by Borrowing Binge

Wall Street Journal - 1 May 2020 20:51
Government bond prices edged lower Friday even as stocks fell sharply, following another record-setting month for U.S. corporate bond sales.
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Inverse Head And Shoulders Pattern On Gold, Updated There's more fear now than there was several years ago if you want to measure it by the steadily upward trend in the price of gold.
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Reopening States Before June Would Save Millions Of Jobs But Result In Hundreds Of Thousands More Coronavirus Deaths: Report New findings from Penn Wharton show that reopening states in June would save jobs but put countless more lives at risk.
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For Manufacturers, an Unprecedented Hit

Wall Street Journal - 1 May 2020 19:15
The Institute for Supply Management's manufacturing index fell in April to its lowest level since factories were getting hammered by financial crisis aftershocks. Conditions for many U.S. manufacturers may get worse befo...
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Amazon's Pullback May Only Be Starting

Forbes - 1 May 2020 19:14
Amazon's Pullback May Only Be Starting Amazon's shares are falling sharply on May 1 after reporting first quarter results.
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Trump Dumps On China With Tariff Threats, And Maybe An Investing Ban Trump threatens tariffs as a coronavirus payment. And rumor has it, he wants to ban a government pension fund from holding Chinese stocks.
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Half Of World's Workforce Faces Covid-19 Job Threat, ILO Report Warns Half of the world's workforce--some 1.6 billion workers--faces a threat to their livelihoods due to widespread shutdowns needed to combat the spread of the coronavirus pandemic.
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London Bankers Get No Sympathy

Wall Street Journal - 1 May 2020 17:43
During the current crisis, it is frowned upon in Britain to fire anyone right now--except for investment bankers.
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Lawsuit: Betsy DeVos Took My Paycheck For Unpaid Student Loans During Coronavirus Emergency Has your paycheck been taken?
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63 Stocks To Sell Now And 2 Top Funds Paying 8%+ If you're like many investors these days, you're warily eyeing your portfolio, wondering where the next dividend cut will come from.
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New Test Shows That IHME COVID-19 Death Projections Display Optimism Bias The White House relies on unrealistically optimistic projections of number of U.S. deaths from COVID-19. In this post, I discuss evidence from a new test that supports this assertion.
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Netflix One Question: Is It Losing Money Or Making Money? Netflix stock has emerged a star performer through the coronavirus pandemic, rising by ~25% year-to-date, as people consume more content while being confined to their homes. The company added close to 16 million subscrib...
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