|Day's Range||40.75 - 40.75|
Headlines moving the stock market in real time.
The SEC has shut down another Bitcoin ETF citing market manipulation fears, and charges actor Steven Seagal for failing to disclose promotional payments.
'In the face of this anxiety, we want to explain how we’re factoring in the possible significance of this virus on the value of your investments,' Portfolio Manager Win Murray writes Continue reading...
If US intelligence officers get their hands on information about a catastrophic imminent terrorist attack with unknown origins that will kill 250,000 Americans within the United States if unchecked, what should the president of this country do? Right now, there are thousands of unsuspected bio-terrorists armed with a deadly virus that kills one out of […]
"It's possible this could be an instance of community spread of COVID-19, which would be the first time this has happened in the United States," the CDC said in a statement. The patient could have been infected by another unidentified person who recently traveled to an affected area, the institute added. This was the 15th confirmed case of the coronavirus in the United States, not including the people who were expatriated back to the United States from affected countries.
If you have been talking anything about the coronavirus, then this is the episode for you. We touch on every facet of the subject and give you a deep dive into how investors could be navigating this volatile market.
Democratic 2020 presidential hopefuls took head-to-head for the 10th time on Tuesday night in South Carolina debate ahead of the primary to be held on Saturday. With things heating up in the last debate in Nevada, the candidates took it further up a notch, this time frequently talking over each other and the moderators. Late entrant to the race Michael Bloomberg, who was thrashed by the Democratic rivals in the last debate over racism and sexism, seemed to hold his ground better this time around.
San Francisco declared a "local emergency" on Tuesday over fears of the novel coronavirus (COVID-19) taking hold in the city. No case of the deadly virus has yet been confirmed in San Francisco. Mayor London Breed said that the local government is trying to "step up preparedness" as the COVID-19 spreads internationally, not giving it a chance to find roots in the city.
The White House said late Monday that the funding would be used for the research efforts to develop a vaccine against the virus and to purchase treatment and preventative equipment and supplies. At least 53 cases have been confirmed in the United States by press time according to Johns Hopkins University data, as global tally crosses above 80,000. "Today, the Administration is transmitting to Congress a $2.5 billion supplemental funding plan to accelerate vaccine development, support preparedness and response activities and to procure much needed equipment and supplies," White House budget office spokeswoman Rachel Semmel said, according to the Associated Press.
The Conference Board’s February consumer confidence index will be a closely watched piece of economic data out Tuesday. On the corporate earnings front, Home Depot earnings will be one of the major releases.
The process of determining which Democratic candidate will take on U.S. President Donald Trump in the 2020 election remains ongoing and Sen. Bernie Sanders appears to be the frontrunner. Buffett said in his annual CNBC interview that he doesn't want to "get into handicapping the race" but did say he agrees with Sanders in some areas. Buffett agrees with Sanders' promise of better helping Americans who have been "left behind by our capitalist system." There is a population of Americans whose "talents aren't geared to a market economy" and no one should be left behind.
Co-CIO Francis Gannon details research that shows why he believes small-cap earnings may have a multi-quarter turnaround Continue reading...
Stairs up, elevator down. Markets were hammered on Monday, with the S&P 500 shedding more than 3%, the Nasdaq Composite slipping 4% and the Dow Jones Industrial Average losing 1,000 points. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY) Click to Enlarge Source: Chart courtesy of StockCharts.comThe SPDR S&P 500 Trust (NYSEARCA:SPY) was down more than 3.6% at one point on Monday, as investors sell first and ask questions later. It doesn't help that a number of traders likely had their stop-orders filled at horrendous prices amid a brutal gap down this morning.You can see why trading can be so tough. With gap-downs like this, it doesn't give investors much of a chance to adjust without locking in sizable losses. In this case, the SPY gapped below the 50-day moving average and moved lower throughout the day.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's now approaching the $320 level, which has been a significant level in 2020. A move below it puts the 100-day moving average in play, along with a small gap-fill in the $317 to $318 area.We're now down about 5% from the highs. Down 10% to 11.5%, though, gets the SPY down into that $300 to $305 area and would be an excellent buy-the-dip opportunity. I don't know if we get there, but I'd view such a decline as an excellent opportunity. * 7 Delicious Restaurant Stocks to Buy For now, let's see how $320 holds up. Top Stock Trades for Tomorrow No. 2: Nasdaq ETF (QQQ) Click to Enlarge Source: Chart courtesy of StockCharts.comThe PowerShares QQQ ETF (NASDAQ:QQQ) is similar to the SPY, but a bit more extreme. While the decline is larger, at least the QQQ is holding the 50-day moving average.I don't know how long that will be the case, though. If it gives way, the down-10% mark comes into play around $213, while the 100-day moving average is near $209 and rising. Just below that is a small gap-fill from mid-December.With these types of moves, it's hard to gauge the magnitude of the coming decline. So far, the technicals are not broken for the QQQ, with its intermediate- and long-term trends still intact.But as volatility increases, so do the odds that these trends will break or be stressed. If the 50-day holds, let's see if the QQQ can bounce back up to $230. Below the 50-day, however, and selling pressure could increase. Top Stock Trades for Tomorrow No. 3: Microsoft (MSFT) Click to Enlarge Source: Chart courtesy of StockCharts.comGetting to some individual stocks, Microsoft's (NASDAQ:MSFT) action stood out to me on Monday. The stock opened just above the 50-day moving average, traded lower and is now bouncing with some force.However, shares are struggling to reclaim $175. We now have a rather binary situation with MSFT, at least when it comes to the charts. On the upside, keep an eye on $175. Above puts $180-plus back on the table, and keeps bulls in control. * 7 Earnings Reports to Watch Next Week On the downside, though, watch the 50-day moving average. The stock hasn't closed below this mark since October, and doing so now will show a wane in momentum. Below the 50-day puts Monday's low on the table. Below that, and the 100-day moving average is possible. Top Stock Trades for Tomorrow No. 4: Regeneron (REGN) Click to Enlarge Source: Chart courtesy of StockCharts.comRegeneron (NASDAQ:REGN) shares were one of the few names in the green on Monday. In fact, shares are nearing their highest levels in a year, as REGN opened below $400, sank to $386-and-change and reversed higher.Now over $420, bulls have to be looking at $430. The stock can get there with another notable push, but has really struggled to maintain momentum above this mark, just as it has struggled with $420.On the downside, this one has been volatile. Just look at the dip it suffered in January, falling all the way to $330. However, so long as it's above the 50-day moving average and uptrend support (blue line), then investors can remain long. Below, however, puts the 100-day moving average on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Delicious Restaurant Stocks to Buy * 10 Dividend Stocks to Buy That Are Off to a Fast Start in 2020 * 7 Tarnished Blue-Chip Stocks to Ditch Now The post 4 Top Stock Trades for Tuesday: SPY, QQQ, MSFT, REGN appeared first on InvestorPlace.
Buffett's annual chat with CNBC's Becky Quick coincided with a large sell-off in U.S. stocks as confirmed coronavirus cases are popping up in large numbers worldwide. At the time of the Monday morning interview, Dow futures were pointing to an approximate 3% decline and Buffett said he lived through "a lot" of similar losses. "We could easily be buying something," Buffett said.