A $135 Million Bond Payment Is Late and Stuck in Argentina

It was a large payment, over $130 million in principal alone, but the company, a real-estate firm called IRSA, had plenty of cash to cover it.When it turned over the money to the firm processing the payment, though, things got complicated. Under the new currency rules imposed by the government to try to staunch dollar outflows and stabilize the peso, the cash couldn't be sent to creditors' overseas accounts. As the payment was coming due Sept. 9, the firm, Clearstream, began releasing a series of statements confirming the money was, at least temporarily, frozen.All of which has added another layer of confusion and worry to markets in a country already paralyzed by a financial crisis that has the government on the cusp of default for the third time in the past 20 years.

Goldman Sachs: 3 Large-Cap Stocks To Sell Now

Here are three stocks with a very bearish outlook from Goldman Sachs right now. According to the firm, these 3 stocks all deserve the most worrying 'underperform' rating based on their outlook for the coming months. Here we take a closer look at why Goldman Sachs is advising against these three stocks, and whether or not the rest of the Street agrees.

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  Apple counters Goldman call on 'negative impact' of Apple TV+ trial

  Reuters
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  Apple has sour reaction to Goldman Sachs' analyst note

  Reuters

Natural Gas Price Fundamental Weekly Forecast – Speculators Likely Eyeing Supply Reduction in Saudi Arabia

Natural gas futures finished higher last week, garnering support from the remnants of a powerful short-squeeze rally and an underwhelming U.S. government storage report. Traders may now have to face a potential wave of speculative buying due to the shutdown of the world's largest oil processing facility in Saudi Arabia after a series of drone strikes rocked the complex. Keep in mind that we're only speculating at this time about a higher opening in natural gas early Sunday because Saudi Energy Minister Abdulaziz bin Salman said the attacks also led to a halt in gas production that will reduce the supply of ethane and natural gas liquids by 50%.

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  Graphic: Global spare oil capacity in U.S. hands after Saudi outage

  Reuters
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  Factbox: Inside Saudi Aramco's oil operations

  Reuters

Analyst view: Saudi attacks raise spectre of oil at $100/barrel

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said. Attacks on two plants at the heart of the kingdom's oil industry on Saturday knocked out more than half of Saudi crude output, or 5% of global supply. Crude prices would spike by at least $15-20 per barrel in a seven-day disruption scenario and go well into triple digits in a 30-day scenario.

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  Iran dismisses U.S. claim it was responsible for Saudi oil attacks, says it is ready for war

  Yahoo News Video
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  Saudi Stocks Drop as Tensions Surge After Aramco Drone Attacks

  Bloomberg

3 Texas Oil Stocks Poised to Gain from Saudi Cuts

The world just lost 5% of its daily oil output, as Saudi Arabi cut production by half in the wake of a drone attack on Saudi Aramco oil fields. The company's specific operating areas are in the Delaware Basin, the Permian's second largest subdivision, and CXO controls over 1.1 billion barrels of proven hydrocarbon reserves.

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  U.S. accuses Iran of launching drone strikes against Saudi Arabian oil plant

  CBS News Videos
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  Global spare oil capacity in U.S. hands after Saudi outage

  Reuters

I’m engaged to a ‘money monster’ who racks up parking tickets and credit-card debt

After getting engaged I found out about her debt, bad FICO score excess parking tickets, etc. I educated and worked with her, and she eventually climbed out of it. Life is good, except she has new debt.

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  We Think Blue Financial Communication (BIT:BLUE) Is Taking Some Risk With Its Debt

  Simply Wall St.
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  These 4 Measures Indicate That Kurgan Generation (MCX:KGKC) Is Using Debt Reasonably Well

  Simply Wall St.

Saudis Race to Restore Oil Output After Aramco Attacks

Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran. State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles on Saturday struck the world's biggest crude-processing facility in Abqaiq and the kingdom's second-biggest oil field in Khurais, the company said. Aramco would need weeks to restore full production capacity to a normal level, according to people familiar with the matter.

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  Trump Lends Saudi Crown Prince U.S. Support In Phone Call After Attack

  HuffPost
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  Saudi Stocks Drop as Tensions Surge After Aramco Drone Attacks

  Bloomberg

Millennials are resorting to this questionable tactic to buy their first homes

Millennial home buyers are going to some troubling lengths to foot the bill for their first homes, according to a new survey. Millennials are more likely than their older counterparts to fund their down payment and closing costs by dipping into retirement savings (13%, versus 8% of Generation Xers and 7% of baby boomers), saving money by moving in with family or friends (14%, versus 5% of Gen Xers and 2% of boomers) or selling personal items (12%, versus 5% of Gen Xers and 2% of boomers), a recent Bankrate survey of 2,582 U.S. adults found. They're trying to exhaust all their options, and they're certainly doing that at higher levels than the other generations.

3 Stocks with High Upside Potential in the Face of Headwinds

We've opened up TipRanks' Trending Stocks tool to find three stocks that are underperforming right now, but are also showing high upside potential in the face of idiosyncratic headwinds. These are investment opportunities that have attracted attention from top analysts, and have the seeds for future market gains. Domino's Pizza, Inc.

Gundlach sees 75% recession chance, has a warning about the corporate bond market

Jeffrey Gundlach on Thursday struck a pessimistic tone, saying there was a 75% chance of a recession before the next presidential election as he warned that the corporate bond market is a crisis waiting to happen. Gundlach, the outspoken chief executive of DoubleLine, mockingly delivered a presentation called the “Greatest Economy Ever,” an allusion to President Donald Trump's characterization, which the famed bond investor doesn't share. Gundlach, to a London audience, outlined a number of worrying signs, including declines in purchasing indexes, which peaked at right about the same time the U.S. and global stock markets (SPX)did.

Buy These 3 Semiconductor Stocks on Positive 2020 Catalysts

Despite concerns that problematic inventory levels as well as flaring trade tensions would weigh down the semiconductor industry, the sector has still been able to grow with the VanEck Semiconductor ETF up 40% year-to-date. Adding to the good news for investors, one of the best-performing analysts believes that several catalysts could drive even more gains for semiconductor stocks. Despite the near-term macroeconomic volatility, we believe there will be a number of catalysts in 2020 that will have a positive impact the semiconductor industry,” Needham's Rajvindra Gill wrote in a note to clients on September 11.

Worried about the stock market? Here are easy ways to cut risk

Growth has beaten value in the stock market for many years. But if you are feeling uncertain about the market — the trade standoff, Brexit, the health of the European Union, the threat of a recession and years of unprecedented stimulus by central banks — it may be time for you to diversify or consider a value-oriented strategy. Diversification is not difficult.

Billionaire Carl Icahn to move hedge fund to South Florida

Billionaire Carl Icahn reportedly will move his New York hedge fund to South Florida next year, the latest Big Apple resident to flee the region for the Sunshine State. Icahn, the legendary Wall Street investor with an estimated net worth of $17.6 billion, told employees his publicly traded Icahn Enterprises (Nasdaq: IEP) will relocate to Miami in April, according to The New York Post. According to the report, Icahn said the firm's New York City and White Plains locations will close.

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  Billionaire Carl Icahn to move to Florida: RPT

  Yahoo Finance Video
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  Carl Icahn latest to fuel Wall Street’s New York exodus

  Fox Business

UAW walkout turns up heat on GM as contract expires

Leaders of the United Auto Workers (UAW) turned up the pressure on General Motors Co on Sunday, ordering 850 maintenance workers at five GM facilities to walk off the job ahead of a meeting in Detroit on whether to call a wider strike. After the union's four-year contract with GM expired without agreement on a new pact, the UAW said early Sunday that maintenance workers employed by Aramark would strike at five GM plants in Michigan and Ohio. The UAW said the Aramark workers have been in negotiations since March 2018, and the company and union are at odds over pay and benefits.

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  The Latest: UAW says strike will happen if GM holds firm

  Associated Press
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  UAW-represented janitors at some GM plants go on strike; impact on auto production unclear

  USA TODAY

Why Russian and Chinese central banks will keep buying gold

Emerging markets have beefed up gold holdings, undeterred by prices near their highest levels in more than six years, as countries such as Russia and China diversify their foreign-exchange reserves—a trend that is likely to continue. Central bank buying is, of course, important to the supply/demand dynamic for the metal, but is much more important in terms of sentiment toward the metal,” says Brien Lundin, editor of Gold Newsletter. When central banks are “buying as heavily as they are, it provides cover and a rationale for other central banks to do the same.

4 Top Stock Trades for Monday: F, GM, TWLO, MNST

Top Stock Trades for Tomorrow #1: Ford Shares of Ford (NYSE:F) haven't made much progress this week, but it's been a good showing from the bulls. Earlier this week, the company had its credit downgraded to junk status, but Ford stock posted a resilient rally. On Friday, the stock briefly reclaimed the 50-day moving average, the same one which rejected F earlier in the week.

How one millennial managed to save almost $1 million in 10 years without ever earning a salary of more than $75,000

FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows. Using the name FluffayPenguin, one anonymous thirtysomething took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings. Well, for starters, he lived at home half of that time, a choice many millennials are making as housing costs skyrocket.

Attacks on Saudi facilities threaten spare oil capacity, price hikes

Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's biggest crude exporter. The Iranian-backed Houthis group in Yemen claimed responsibility for attacks that shut two plants at the Abqaiq facility, the heart of the Saudi oil industry, which will cut the kingdom's production by about 5.7 million barrels per day (bpd), more than half of the kingdom's output, according to a statement from state-run Saudi Aramco. Crude prices could spike by several dollars per barrel when markets open Sunday night as a prolonged outage could prompt the United States and other countries to release crude from their strategic petroleum reserves to boost commercial stocks globally.

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  Analyst view: Saudi attacks raise spectre of oil at $100/barrel

  Reuters
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  Iran dismisses U.S. claim it was responsible for Saudi oil attacks, says it is ready for war

  Yahoo News Video

Shopify, Chipotle, Paycom Among 7 Big Winners That Just Triggered This Long-Term Sell Rule

This time, Shopify stock, Chipotle stock, Starbucks stock, Paycom stock, McDonald's stock, Universal Display stock and Alteryx stock are breaking below key support with the major averages looking robust. It's a clear case of sector rotation out of software, restaurant and other high-valuation stocks and into lower P-E stocks such as financials. The 50-day/10-week line is often an area of support, where mutual funds and other big institutions buy up more shares.