190.06 -0.34 (-0.18%)
After hours: 5:14PM EDT
|Bid||190.11 x 1200|
|Ask||190.11 x 1200|
|Day's Range||189.20 - 195.25|
|52 Week Range||164.93 - 237.47|
|PE Ratio (TTM)||48.88|
|YTD Daily Total Return||-12.89%|
|Beta (5Y Monthly)||1.08|
|Expense Ratio (net)||0.20%|
This represents some good news, not only for the global economy but for those of us elsewhere in the world still awaiting peak coronavirus contagion and an economic recovery beyond it.
We don’t know when this bear market will end. But when it does, Fisher Investments believes the rebound will likely be much like the past: swift, and surprising to most. Continue reading...
Amid the market turmoil of recent weeks, it’s now costing more to borrow shares that you may want to short sell.
Movers Indices • S&P 500 ETF (NYSE:SPY) rose 2.18% to $259.53.• Nasdaq ETF (NASDAQ:QQQ) rose 3.02% to $190.90.• Dow Jones Industrial Average ETF (NYSE:DIA) increased 2.14% to $221.24.• FTSE/Xinhua China 25 ETF (NYSE:FXI) rose 2.74% to $37.07.• FTSE Europe ETF (NYSE:VGK) increased 0.86% to $42.98.Commodities • United States Oil ETF (NYSE:USO) fell 4.36% to $4.28.• Gold ETF (NYSE:GLD) increased 0.09% to $152.42.Bonds • 20+ Yr Treasury Bond ETF (NASDAQ:TLT) increased 0.85% to $169.13.Industries • Retail ETF (NYSE:XRT) decreased 0.03% to $30.03.• Energy (NYSE:XLE) increased 0.62% to $28.50.• Technology (NYSE:XLK) rose 3.61% to $81.49.• Financial (NYSE:XLF) rose 0.86% to $21.18.Stocks Higher • Johnson & Johnson (NYSE:JNJ) increased 6.98% to $131.88.• BioNTech (NASDAQ:BNTX) increased 13.42% to $62.38.• Owens & Minor (NYSE:OMI) rose 32.73% to $7.30.Stocks Lower • ING Groep (NYSE:ING) decreased 9.27% to $5.48.• Groupon (NASDAQ:GRPN) decreased 21.88% to $1.Top News • Benzinga Pro's Stock To Watch For Mon., Mar. 30, 2020: Johnson & Johnson (JNJ) https://www.benzinga.com/pre-market-outlook/20/03/15693692/benzinga-pros-stock-to-watch-for-mon-mar-30-2020-johnson-johnson-jnj• Carly Fiorina Blasts Corporate Bailout Funding In $2T Coronavirus Relief Bill https://www.benzinga.com/general/politics/20/03/15690587/carly-fiorina-blasts-corporate-bailouts-funding-in-2t-coronavirus-relief-bill• Mercedes F1 Develops Breathing Aid That Eliminates Need For Ventilators https://www.benzinga.com/news/20/03/15691133/mercedes-f1-develops-breathing-aid-that-eliminates-need-for-ventilators• 31 Stocks Moving in Monday's Pre-Market Session https://www.benzinga.com/news/20/03/15692662/31-stocks-moving-in-mondays-pre-market-session• Mark Zuckerberg And Priscilla Chan Donate $25M To Gates Foundation Coronavirus Accelerator https://www.benzinga.com/news/20/03/15690761/mark-zuckerberg-and-priscilla-chan-donate-25m-to-gates-foundation-coronavirus-acceleratorUpcoming Earnings • CUI Global (NASDAQ:CUI) will release earnings today for Q4. Last year, for the same quarter, they reported an EPS of -$0.1 and revenue of $26,952,000. Analysts predict the revenue to be around $5,950,000 and the EPS to be at -$0.11.Earnings Recap • Cal-Maine Foods (NASDAQ:CALM) reported earnings today for Q3, higher than consensus estimates. They reported an earnings per share of $0.28, and sales of 345,588,000. Last year, for the same quarter, they reported an EPS of $0.82 and revenue of $383,992,000.See more from Benzinga * Cal-Maine Foods: Q3 Earnings Insights * 5 Communication Services Stocks Moving In Monday's Pre-Market Session * 18 Healthcare Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
While a $2 trillion stimulus package would certainly go a long way toward getting the U.S. economy "unstuck," it???s unclear yet whether this would be enough to prime the pump to move industries back into positions of strength.
A recession is the scariest creature in the average investor's closet of anxieties. Even though the last recession ended more than a decade ago, people fear recessions because they can mean lower home prices, lower stock prices - and no job.Any number of things can cause, or exacerbate, a recession: an exogenous shock, such as today's COVID-19 crisis (which now has even Federal Reserve chairman Jerome Powell admitting that we might currently be in a recession) or the Arab oil embargo of 1973; soaring interest rates; or ill-conceived legislation, such as the Smoot-Hawley Tariff Act of 1930.Recessions are parts of the warp and woof of a dynamic economy, albeit unpleasant ones. If you're prepared for a recession, there will be plenty of opportunities when the recession ends. Thus, the more you know about recessions, the better. Here are 10 must-know facts about recessions. SEE ALSO: Where Is the Stock Market Headed? 14 Wall Street Pros Sound Off
The Invesco QQQ Trust (NASDAQ:QQQ) ETF looks like a mixed bag at this point. Some of its top holdings should perform very well in the coming weeks and months, while others are likely to struggle. Therefore, I believe that investors should avoid the QQQ ETF at this point.Source: Shutterstock To be sure, the ETF has some very good components. Two of the exchange-traded fund's top holdings --Microsoft (NASDAQ:MSFT) which accounts for 10.7% of its assets and Amazon (NASDAQ:AMZN) which is 8.14% of its assets -- should perform pretty well going forward. The companies are the leaders of the cloud transition.The fund tracks the Nasdaq-100 index, which includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq exchange, based on market cap.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I've noted previously, multiple analysts have said that firms are unlikely to stop transitioning to the cloud. That's because the change is core to their IT strategies and it's expected to occur over a period of many years, making it unlikely to be derailed by the relatively short-term outbreak of the coronavirus from China. And of course, Amazon's results will be boosted tremendously by the ongoing e-commerce surge that's occurring amid the coronavirus.Also likely to get a boost from the pandemic are Netflix (NASDAQ:NFLX), which accounts for nearly 2% of the ETF's assets, and PayPal (NASDAQ:PYPL), with a weighting of about 1.5%. Netflix should benefit from increased subscriptions as quarantined people around the world look for more TV options, while PayPal should be helped by the increased utilization of e-commerce. Yet… * 7 Stocks Insiders Are Buying Big Amid the Market Panic QQQ ETF Has Some Real DudsWith its very expensive products and its high leverage to Chinese consumers who are angry at Americans, Apple (NASDAQ:AAPL) is not a good stock to own now. It accounts for 11.6% of the ETF's assets. Comcast (NASDAQ:CMCSA) and Charter (NASDAQ:CHTR) -- huge cable companies that make up 2.1% and 1.2% of the ETF's assets, respectively -- are being disrupted by cord cutting. As I've written in the past, cable companies' one remaining strong business -- providing internet broadband -- could be totally decimated by Elon Musk's SpaceX which is looking to provide fast internet with satellites. Finally, Facebook (NASDAQ:FB), 4.25% of the ETF's holdings, has massive regulatory problems and has been badly hurt by a change that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) made to Chrome's privacy standards. Further, Facebook's ad business will be negatively affected by the recession. Two Much-Better ETFs to BuyThe Global X E-commerce ETF (NASDAQ:EBIZ) "focuses on companies positioned to benefit from the increased adoption of e-commerce as a distribution model," according to the fund's sponsor. Among the portfolio's largest components are e-commerce website Etsy (NASDAQ:ETSY), Canada's Shopify (NASDAQ:SHOP) which enables small businesses to easily launch e-commerce websites and up-and-coming Chinese e-commerce company JD.com (NASDAQ:JD). Not surprisingly, the ETF has outperformed tremendously during the coronavirus crisis; it's little changed since March 12. As hundreds of millions of people globally continue to stay at home much more than before the outbreak, the ETF's outperformance is likely to continue in the coming days and weeks. * 7 Stocks to Buy Once the Market Bottoms Another good fund to buy at this point is the Kraneshares CSI China Internet (NYSEArca:KWEB). China is reporting that it has almost no new cases of coronavirus brought about by contagion within the country, i.e., community spread. Meanwhile, signs continue to mount that the country's economy is rebounding. Among the ETF's largest holdings are several companies likely to benefit from increased e-commerce, including giants Alibaba (NYSE:BABA) and Tencent (OTC:TCEHY), along with JD.com. iQIYI (NASDAQ:IQ), the company that has been called "the Netflix of China," and video game maker NetEase (NASDAQ:NTES), two other companies that should benefit from the stay-at-home trend, are also among the fund's largest holdings.The Global X E-Commerce ETF and Kraneshares CSI China Internet have much more exposure to strong, positive trends than the QQQ ETF. Larry Ramer has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel's largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been GE, solar stocks, and Snap. You can reach him on StockTwits at @larryramer. As of this writing, Larry Ramer did not own shares of any of the aforementioned companies. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post There are Better Choices Out There Than the QQQ ETF appeared first on InvestorPlace.
'The coronavirus selloff of 2020 has been particularly unforgiving for companies directly impacted by the virus and the coincident fall in consumer spending' Continue reading...