SPY Jun 2020 343.000 put

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 1:28PM EDT. Market open.
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Previous Close99.27
Expire Date2020-06-30
Day's Range22.62 - 22.62
Contract RangeN/A
Open Interest894
  • The end of the beginning: Morning Brief
    Yahoo Finance

    The end of the beginning: Morning Brief

    Top news and what to watch in the markets on Monday, March 30, 2020.

  • When the Coronavirus Bear Market Ends, Fisher Investments Says to Expect a 'V'

    When the Coronavirus Bear Market Ends, Fisher Investments Says to Expect a 'V'

    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...

  • How Airbnb Makes Money

    How Airbnb Makes Money

    Companies like Airbnb have taken advantage of technological innovations to create platforms that connect individuals to exchange everyday needs.

  • ETF.com

    How To Use Our New ETF Comparison Tool

    This will help you make the right investment in the growing ETF market.

  • Investopedia

    S&P 500 Earnings May See First Double-Digit Drop in Decade

    FactSet analysts predict the S&P 500 will report a 10% year-over-year decline in earnings for Q2 2020.

  • Government Combats Coronavirus, Big Data Week

    Government Combats Coronavirus, Big Data Week

    A national stay-at-home order and a $2 trillion bailout package are the latest steps taken to combat the COVID-19 pandemic.

  • Investopedia

    Markets Rarely Get This Oversold

    According to historical data, extremely oversold markets don't last long, and stock prices are likely to be higher in a year's time.

  • March Market Madness Unprecedented

    March Market Madness Unprecedented

    Investors have never ridden such a wild ride.

  • What to Expect in the Markets This Week

    What to Expect in the Markets This Week

    This week's surveys of purchasing managers from around the world may show the level of economic damage from COVID-19. Also U.S. unemployment claims, are expect to climb again.

  • GuruFocus.com

    GMO Commentary: Fear and the Psychology of Bear Markets

    White paper by James Montier Continue reading...

  • GuruFocus.com

    GMO Commentary: Shelter in Credit

    White paper by Jon Roiter, co-portfolio manager of the Credit Opportunities Strategy Continue reading...

  • GuruFocus.com

    Brandes Investment Partners Commentary: Global Banks Update

    The global banking industry has faced a difficult operating backdrop for the last decade Continue reading...

  • InvestorPlace

    Stock Market Today: The $2 Trillion Stimulus Check Is In the Mail

    After several sharp days of rallying, investors were greeted with harsh losses in the stock market today.The SPDR S&P 500 ETF (NYSEARCA:SPY) opened lower by about 3% and fell almost 4% at its lows. However, the market regained its footing for most of the afternoon, as investors awaited the House result for the $2.2 trillion stimulus bill -- the CARE Act.The House vote passed, putting it up to President Donald Trump to push through. With less than an hour to go in the regular trading session, Trump tweeted that he "will be signing" it at 4 p.m. ET in the Oval Office.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhich he did. CARE Passes, Now What?Where we go from here will be interesting now. Do investors view this as a "sell-the-news" event? It's not as if we didn't know about the $2.2 trillion plan until Friday afternoon. It's been in the news all week, as the Senate gave the green light and sent it to the House. Or will investors view this as the "missing piece" and one less unknown cleared up about the current situation, giving them confidence to continue bidding up equities? * 10 Undervalued Stocks Crashing on the Coronavirus Pandemic With the CBOE Volatility Index (VIX) still north of $60, we'll find out soon enough.Passing the CARE act will provide relief across the board. Money will be dispersed to hospitals, citizens, small and midsize businesses and corporations. It comes as the U.S. becomes the most infected country in terms of confirmed coronavirus cases.The U.S. started the month with only 75 confirmed cases and is now just shy of 100,000 cases. With the numbers continuing to grow rapidly, it's having a catastrophic impact on virtually everything and everyone.Many retailers are stepping up to help the fight against the coronavirus outbreak. Companies such as Canada Goose (NYSE:GOOS), Gap (NYSE:GPS), HanesBrands (NYSE:HBI) and Ralph Lauren (NYSE:RL) are beginning to produce face masks, scrubs and gowns for the growing shortage at most hospitals. Target (NYSE:TGT), Lowes (NYSE:LOW) and Home Depot (NYSE:HD) are pulling their weight too, as they redirect supply to healthcare workers. Movers in the Stock Market TodayCruise ship companies are hurting, with many left out of the stimulus package. That's despite President Trump wanting to help major cruise lines. Companies such as Carnival Cruise (NYSE:CCL), Norwegian Cruise Line (NYSE:NCLH) and Royal Caribbean (NYSE:RCL) don't meet the criteria for help as the companies are not incorporated in the U.S.General Motors (NYSE:GM) dealt out tough news to its 69,000 salaried employees. The automaker will cut 20% of their salaries starting April 1st. There is a slight bright side though, as employees will be repaid with no interest in a lump sum no later than March 15, 2021. About 6,500 other employees who can't work from home will be taking a paid leave of absence collecting 75% of their pay and keeping their health care benefits. Even CEO Mary Barra will be taking a 30% salary cut along with other GM executives. GM's reopen date for its North American plants is still TBD.ICYMI -- Ford (NYSE:F) plans to start re-opening its North American plants next month, while GM recently tapped $16 billion from its credit lines.Tesla's (NASDAQ:TSLA) Nevada battery plant -- Gigafactory 1 -- will be cutting about 75% of its on-site workers. This comes after the company's battery partner, Panasonic said it will decrease operations because of the coronavirus. Tesla will also be suspending production of its New York solar roof tile factory as it begins producing ventilators. The company's Fremont factory has already temporarily suspended production.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 * 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 Stock Market Today: The $2 Trillion Stimulus Check Is In the Mail appeared first on InvestorPlace.

  • What To Know About #MintTheCoin

    What To Know About #MintTheCoin

    In an effort to curb the economic damage already done by the coronavirus, U.S. Rep. Rashida Tlaib (D-Michigan) has proposed a $2-trillion solution -- and awakened a 2013 hashtag in the process. The MintTheCoin campaign is trending as idled workers demand a complex response to unemployment triggered by the pandemic. Tlaib's Proposal The Automatic BOOST to Communities Act would equip everyone under U.S. authority -- children, non-citizens, U.S. territory residents and Americans living abroad -- with a debit card initially loaded with $2,000. Each month, the cards would be reloaded with $1,000 until one year after the coronavirus outbreak ends. The program would be funded by the U.S. Treasury, which would direct the Mint to print two $1-trillion platinum coins under Congressional authority. The Federal Reserve would then purchase the coins in exchange for credit of $2 trillion in reserves, and the Treasury would offer the reserve funds to the Bureau of the Fiscal Service. The Bureau would then disperse the money with debit cards.This complex mechanism would prevent the government from having to raise its debt ceiling."In the long term, the card infrastructure should be converted into a permanent, Treasury administered digital public currency wallet system, to serve as a privacy-respecting 'eCash' complement to universal Fed Accounts and/or Postal Bank Accounts for All," Tlaib's bill said."This proposal should be accompanied by progressive tax reform to ensure that emergency relief provisioning does not exacerbate income or wealth inequality in the long-term."Congressional peers have since proposed tweaks to Tlaib's bill, including digital distribution.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.The Campaign Tlaib resuscitated an old hashtag for her proposal campaign.> Let's pass the ABCAct MintTheCoin and get these debit cards to everyone. Stop messing around with people's lives.> > -- Rashida Tlaib (@RashidaTlaib) March 25, 2020Back in 2013, Rep. Jerry Nadler (D-New York) proposed a similar plan to get around the national debt ceiling and prevent the U.S. from defaulting on its debt. Nadler introduced a bill to mint a $1-trillion platinum coin.At that time, critics said the expansion of money supply would cause sharp inflation and worsen a downturn. Congress ultimately rejected the proposal and instead raised the debt ceiling.This time around, the campaign still has its critics.> The MintTheCoin geniuses basically want to double the monetary base overnight. And they also have no idea what doubling the monetary base means.> > What could go wrong, right> > So so sick. Someone please stop this mayhem> > -- Quoth the Raven (@QTRResearch) March 22, 2020But it has also picked up public support.> This is leadership and compassion. MintTheCoin https://t.co/JWZnNds5k2> > -- David Buettner (@badivad) March 22, 2020> Canada is now giving all citizens $2,000/month for four months. America can and should also. Make UniversalUBI first on your list. MintTheCoin @SpeakerPelosi @SenSchumer @BernieSanders @RashidaTlaib @AOC> > --U.S. Rep Rashida Tlaib. Benzinga file photo by Dustin Blitchok.See more from Benzinga * Powell Expects Atypical Downturn As Liquidity, Credit Dries Up, But Says 'Nothing Fundamentally Wrong With Our Economy' * 4 'Doomsday' Predictions For The Coronavirus Market * Mark Cuban Calls COVID-19 Outbreak The 'Ultimate Definition' Of A Black Swan Event(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 3-Day Winning Streak Gives Way to Harsher Realities

    3-Day Winning Streak Gives Way to Harsher Realities

    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.

  • Best ETFs for 2020: SPDR Innovative Technology Fund Still Has Room to Run

    Best ETFs for 2020: SPDR Innovative Technology Fund Still Has Room to Run

    This article is a part of InvestorPlace.com's Best ETFs for 2020 contest. Bret Kenwell's choice for the contest is the SPDR Innovative Technology Fund (NYSEARCA:XITK).Finding the best ETFs for 2020 has been particularly difficult after the coronavirus from China curve ball. My pick for the contest, the SPDR Innovative Technology Fund (NYSEARCA:XITK), was off to a strong start, rallying more than 13% in the first six weeks of the year. However, like many names, XITK has been crushed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe exchange-traded fund fell 36% from peak to trough and is currently down about 13.4% year to date. However, amid those depressing losses sits a couple pieces of good news.While the peak-to-trough decline in the ETF is ugly, it wasn't out of line with the S&P 500. In fact, it was roughly in-line with the 35.6% high-to-low drawdown we saw in the SPDR S&P 500 ETF (NYSEARCA:SPY).Second, the SPY rallied just 5.6% to its 2020 high, before being smashed as volatility rose. In other words, it rose half the amount that the XITK ETF did before suffering a similar decline. Lastly, with the XITK down a lackluster 13.4% year to date, the SPY still lags that performance by 1,000 basis points, currently down 23.4%.So, it's not all bad news. A Closer Look at XITKOne reason this ETF is holding up so well? Zoom Video (NASDAQ:ZM).ZM stock has exploded higher, rallying more than 100% so far in 2020. That's the No. 1 holding in the XITK ETF at the moment, although it only has a weighting of 2.4%. * 7 U.S. Stocks to Buy on Coronavirus Weakness Other top holdings include Netflix (NASDAQ:NFLX), Shopify (NYSE:SHOP) and Slack (NYSE:WORK).Some of these stocks are benefiting from the coronavirus outbreak. Those under stay-at-home and quarantine orders have little to do but stream video (like Netflix). Meanwhile, Slack continues to see users flock to its platform as teams work remotely. But not all of the ETF's holdings have managed to avoid pain.Still, five of the top ten holds in the XITK are positive over the last three months. Only one -- Amazon (NASDAQ:AMZN) -- can make a similar claim in the SPY.But here's the most encouraging observation to me: This growth-stock ETF should be badly lagging the S&P 500. It shouldn't be in-line with it and it certainly shouldn't be outperforming it right now. I don't want to get too optimistic here, but so far, we are only suffering SPY-equivalent losses on the downside, while reaping more upside when stocks are rallying.I'm not sure when or where the stock market will ultimately bottom. For all we know, maybe it already did. In any event, to see such solid performance out of XITK gives me confidence that when COVID-19 blows over and the market gets back into "rally mode," this ETF is going to fly higher. Is It Still One of the Best ETFs for 2020? Click to Enlarge Source: Chart courtesy of StockCharts.comAfter peeling back some of the layers on this ETF, we've found some more interesting data points. For instance, over the past year, the ETF is down less than 5%. That compares to a near-12% decline in the SPY during the same timeframe.Despite its rapid fall from the highs, XITK has dominated the SPY on multiple fronts. The most glaring is the 56.1% return over the last three years vs. a return of just 5.3% for the SPY ETF. Further, the XITK has superior returns over the last one month, three months, six months and since its inception in January 2016.The XITK ETF is now a four-star rated ETF by MorningStar, while commanding a risk-rating of just "moderate." Admittedly, it has "above-average" risk, but it also has "high" returns. That's clear from some of the data points above.The most recent ETF report writes, "although this fund employed greater risk during the last 3 years than other funds in its category, it has been compensated for that risk with a positive Alpha [outperforming its benchmark] and Sharpe Ratio of 1.11."At the end of the day, it's my observation that the XITK has led to outsized returns while maintaining reasonable drawdowns compared to the S&P 500. As a result, I am looking for an eventual rebound in the fund. If we can get a sharp economic rebound in the third and fourth quarter, the ETF could certainly be one of the best performing ETFs of 2020.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. 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 Best ETFs for 2020: SPDR Innovative Technology Fund Still Has Room to Run appeared first on InvestorPlace.

  • 10 Facts You Must Know About Recessions

    10 Facts You Must Know About Recessions

    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

  • America meets Fed Chair Jay Powell: Morning Brief
    Yahoo Finance

    America meets Fed Chair Jay Powell: Morning Brief

    Top news and what to watch in the markets on Friday, March 27, 2020.

  • Trump Lashes Out At Washington, Michigan Governors For Pandemic Response: 'We Don't Like To See The Complaints'

    Trump Lashes Out At Washington, Michigan Governors For Pandemic Response: 'We Don't Like To See The Complaints'

    President Donald Trump on Thursday criticized governors of Washington and Michigan for what he said were unhelpful responses to the novel coronavirus (COVID-19) pandemic.Inslee, 'A Failed Presidential Candidate'Trump told Fox News in a telephonic interview that Washington Governor Jay Inslee is "always complaining.""People like Governor Inslee, he should be doing more, he should be relying on the federal government...he was a failed presidential candidate, and he is always complaining," the president said."We've really had some trouble with the state of Washington," Trump noted, pointing out the lack of success of Inslee's 2020 presidential campaign.In a closed call between governors and the president earlier in the day, Inslee had asked Trump to take more actions at the federal level to increase medical supplies for the state, according to the Washington Post.When the President said that the federal government is more of a "backup" in this situation, Inslee is reported to have replied, "[we] don't need a backup. We need a Tom Brady."Whitmer 'Not Stepping Up Trump further went on to criticize Michigan governor Gretchen Whitmer."She is not stepping up, I don't know if she knows what is going on," the president said. "[All] she does is sit there and blame the federal government...and we send her a lot [of funding]."Trump noted that Whitmer had asked the federal government for a major disaster declaration. "We'll have to make a decision on that.""Michigan is a very important state, I love the people of Michigan...I am bringing back many, many car factories into Michigan and she is a new governor, and it's not been pleasant," he added.Whitmer later responded to Trump's comments on Twitter."I've asked repeatedly and respectfully for help. We need it. No more political attacks, just PPEs, ventilators, N95 masks, test kits," the governor said. "You said you stand with Michigan -- prove it."Why It Matters The United States is now the world's worst coronavirus-hit country at press time, according to data from Johns Hopkins University.At least 85,505 COVID-19 cases have been confirmed in the country, ahead of China's 71,782, where the curve of the spread has flattened in recent weeks.There have been widespread concerns about the lack of medical equipment in dealing with the pandemic, and the states have looked to the federal government for aid.About $100 billion of the $2 trillion coronavirus relief package has been assigned to boost healthcare, but if COVID-19 spreads further, it is unlikely to be enough.A number of companies, including Apple Inc. (NASDAQ: AAPL) and Tesla Inc. (NASDAQ: TSLA), have stepped up to the task of making medical necessities like masks and ventilators.Photo Credit: Gage Skidmore via Wikimedia.See more from Benzinga * Senate Passes T Coronavirus Stimulus Package After Nearly A Week Of Tough Negotiations * T Coronavirus Stimulus To Pass Senate As Lawmakers, White House Reach Agreement * Biden Secures Michigan, Three Other States In Democratic Race; Sanders Leads North Dakota, Washington(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barron’s: Fund Managers Dan Wiener and Jim Lowell Thrive in This Market

    Barron’s: Fund Managers Dan Wiener and Jim Lowell Thrive in This Market

    You've no doubt been following the day-to-day movements in individual equities. Panic selling hit the market hard, and individual investors are seeing a lot of red these days. But what's happening in the fund world? According to InvestorPlace analysts Dan Wiener and Jim Lowell in a feature by Barron's, now is the time for active managers to shine and steer their clients through the storm.Source: InvestorPlace That's exactly what the duo is doing, both at their money-management firm and through their mutual fund newsletters: Independent Adviser for Vanguard Investors, Fidelity Investor and Fidelity Sector Investor.But what does this mean for you, if you're not a fund manager yourself? Well, it's important to see how the best guys in the business are running things.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWiener and Lowell aren't too shy to admit that the coronavirus from China has brought about "extraordinary times" in the market. And as a result of that, it's not irrational for investors to react in fear. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem However, Wiener and Lowell are adamant that now is not the time to panic and cash out. In fact, instead of panicking, now is the time to take the plunge. Buy the Manager, Not the FundSo you want to take the plunge, but now what? In the Barron's article, Wiener and Lowell recommend that individual investors should "buy the manager, not the fund." Doing your own research on managers will give you the long-term confidence to stick out market downturns like this one. How did a certain manager perform in 2008-09? What about in prior recessions?This advice isn't coming from just anyone. Wiener and Lowell's model portfolios "have outperformed over the long haul," according to Barron's, so their evaluations of other managers matter. And right now they are looking for market outperformance, solid track records across multiple portfolios and a manager's history in bull and bear markets.And if you want some recommendations, you're in luck. Wiener singles out Primecap Management. Yes, some of the firm's most notorious funds are closed to new investors. But Primecap's Odyssey offerings -- the Odyssey Stock Fund (MUTF:POSKX), Odyssey Growth Fund (MUTF:POGRX) and Odyssey Aggressive Growth Fund (MUTF:POAGX) -- all make the grade.Lowell adds Fidelity Total Bond (MUTF:FTBFX) and Bailie Gifford Long Term Global Growth (MUTF:BSGLX) and Vanguard Dividend Growth (MUTF:VDIGX), among others, to the list.These funds -- and their excellent managers -- are all good starting points. But look to Wiener and Lowell for advice, clear-headed money management and consistent outperformance. In times of panic, they know what to do.Daniel P. Wiener is a journalist at heart, as well as the leading "watchdog" to The Vanguard Group, America's top mutual-fund provider. But he left the financial media behind to provide what investors REALLY need -- clear, expert advice on Vanguard's Best & Worst Funds. Dan may own the aforementioned securities. James Lowell was once a senior financial reporter at Fidelity Investments; today, Jim is the leading independent expert on his favorite fund family -- and its best managers. Thanks to his proprietary Manager Ranking System, Jim easily narrowed the field to Fidelity's 5 Best & Finest Funds … plus the 3 worst funds! Jim may own the aforementioned securities. 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 Barron's: Fund Managers Dan Wiener and Jim Lowell Thrive in This Market appeared first on InvestorPlace.

  • Stock market news live: Stocks rise after historic jobless claims, coronavirus relief bill
    Yahoo Finance

    Stock market news live: Stocks rise after historic jobless claims, coronavirus relief bill

    Stocks surged Thursday after an eagerly awaited coronavirus relief package cleared the U.S. Senate and headed for the House. Optimism surrounding the stimulus package at least temporarily outweighed early signs of COVID-19’s acute damage to world’s largest economy.

  • 10 Worst Ways To Use Your $1,200 Stimulus Check

    10 Worst Ways To Use Your $1,200 Stimulus Check

    It's looking increasingly likely that many Americans will be getting at least one stimulus check from the government in coming weeks worth up to $1,200 per adult.We compiled a list of 10 of the best things to do with your $1,200 stimulus check, but just for fun (and education) we decided to put together a list of 10 of the worst things to do with that check.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.1\. Gambling Yes, technically you can turn that $1,200 into $2,400 with one spin of the roulette wheel, but the odds aren't in your favor. Plus, good luck finding a casino that is open.2\. Buying Penny Stocks Sure, some traders make a killing trading in penny stocks, but penny stocks often have limited liquidity, limited regulation and limited information for investors, making them extremely dangerous investments. In fact, your odds of success may be much better at the casino.3\. Attempting To Time The Market Bottom There are plenty of buying opportunities out there for long-term investors, but going all-in on trying to time the stock market bottom in the short-term is unwise. Even the most experienced and advanced professional traders have difficulty predicting where a volatile stock market is heading in the short-term, and there are still too many unknowns about the economic impact of the coronavirus for traders to have near-term visibility.4\. Buying Collectibles Some collectibles, like fine art, antiques and rare coins, do appreciate in value over time. But your beanie babies, baseball cards and Dwayne "The Rock" Johnson memorabilia collection likely will not.5\. Buying A New Car If you have the chance to buy a new car for $1,200, you are likely getting a great deal. But if you are using that $1,200 as part of a down payment for a new car, understand that the car likely loses way more than $1,200 in value as soon as you drive it off the lot.6\. Trip To Italy The Italian countryside is beautiful and the culture is rich with history. But now is not the time.7\. Buying Your Own Company's Stock It can be very tempting to buy shares of your own employer's stock because you have an intimate understanding of the day-to-day business of that company. However, unless you work in accounting or are an upper-level executive, employees of public companies typically don't have a unique understanding of the financial health of a company.8\. Buying Any Single Company's Stock There will likely be plenty of big winners in the stock market five or 10 years down the line, but putting all your eggs in one basket is never a good idea. Investing in stocks is a great way to use that $1,200, but diversify that investment as much as possible to limit risk.9\. Investing In Something Complicated If anyone tries to get you to invest in something that you don't understand, it is likely a terrible investment. Buzzwords like "derivatives," "collateralized," and "blockchain" may sound impressive, but con artists intentionally make things convoluted to cover their tracks.10\. Shopping On Amazon If you have steady income, no debt and enough savings to cover at least two months of expenses, feel free to hammer that Amazon.com, Inc. (NASDAQ: AMZN) "buy now" button as much as you like.But these government checks are intended to make sure Americans are financially prepared to make it through this horrible crisis. If you're using it to treat yourself on Amazon rather than getting your personal finances in order for a potential layoff or extended health crisis, it is one of the worst ways to use your $1,200.See more from Benzinga * 10 Best Ways To Use Your ,200 Stimulus Check * What Does It Mean That The Stock Market Is A Leading Economic Indicator? * The 2008 Playbook Suggests We Haven't Seen The Market Bottom Yet(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.