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Bonds are no longer scaring stocks, but watch out for these two headwinds

Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.

  • U.S. senators scrutinize meat packers' big profits during pandemic
    Business
    Reuters

    U.S. senators scrutinize meat packers' big profits during pandemic

    U.S. senators are calling for investigations of record profit margins for beef processors like Tyson Foods and Cargill, after ranchers complained surging meat prices due to coronavirus hoarding did not translate into higher cattle prices. Futures prices for cattle have tumbled during the outbreak, worrying farmers as the U.S. economy heads into a downturn and fueling questions about whether the market run by CME Group is an effective tool for risk management. Senator Charles Grassley of Iowa wrote on Twitter that U.S. Department of Agriculture, Department of Justice and Commodity Futures Trading Commission probes may be needed to determine why ranchers did not benefit from soaring meat demand.

  • Coronavirus stock market rally triggers the dreaded 'death cross'
    Business
    Yahoo Finance

    Coronavirus stock market rally triggers the dreaded 'death cross'

    The last thing beat-up investors want to see right now is an often dreaded technical formation in the markets. Yet, that's where we are after the S&P 500 has rallied hard off the lows achieved a week ago. For the first time in over a year, the S&P 500 is seeing its 50-day moving average cross below its 200-day moving average (see Yahoo Finance chart below) points out SunDial Capital Research.

  • Closing our business to stop the coronavirus violated our employees’ rights, lawsuit claims
    U.S.
    MarketWatch

    Closing our business to stop the coronavirus violated our employees’ rights, lawsuit claims

    A small business in Pennsylvania says orders to close “non-essential” establishments and force workers to stay home to stop the spread of the coronavirus are violating the rights of the company and its employees. Schulmerich Bells, a Hatfield, Pa. maker of handbells for musicians, filed a class-action lawsuit alleging that the way the state imposed its closure orders is wrongly taking away business and wages — and it's happening during the 85-year-old company's most important time of year. “It shocks the conscience, and is arbitrary and capricious, to allow employees — and the small businesses that employ them — to privately bear without compensation the cost of the COVID-19 closure orders, orders which were issued for the public purpose of slowing the spread of the novel coronavirus across Pennsylvania,” the Philadelphia federal lawsuit said.

  • Barrack Says Real Estate Collapse Will Take Hold in April
    Business
    Bloomberg

    Barrack Says Real Estate Collapse Will Take Hold in April

    Real estate billionaire Tom Barrack, Colony Capital's chairman, founder and chief executive officer, talks about the state of the commercial mortgage market and if the Federal Reserve is doing enough to help it. He speaks to Erik Schatzker on "Bloomberg Markets."

  • Business
    Barrons.com

    Hedge Funds Will Soon Snap Up Their Favorite Stocks Again, Analyst Says. Here’s What They Might Buy.

    Hedge funds may soon provide a backstop for rapidly declining stock prices. Analysts at Jefferies project that hedge funds will soon return in force to their “tried and true” names after the equity markets suffered a brutal first quarter—one that rivaled drops seen during the Great Depression. There's even some evidence of hedge funds already nibbling in recent days, accounting for some of the gains the market has seen over last week.

  • World
    Bloomberg

    Trump Call to Putin Raises Russia Hopes of End to Costly Oil War

    U.S. President Donald Trump's bid to end the oil war between Russia and Saudi Arabia is breeding cautious hopes in Moscow of a possible way out of the damaging stand-off, potentially reversing some of the collapse in crude prices. The fact that it was Trump who placed the call to Vladimir Putin Monday, reversing his earlier stance welcoming the drop in oil prices, was seen in Moscow as a positive sign, according to three people familiar with the matter. Trump's move to appeal for Russian help in stopping the oil rout could allow Putin to appear in a stronger position even if he needs to make some concessions, according to Andrey Kortunov, director of the Kremlin-founded Russian International...

  • Tesla plans to supply FDA-approved ventilators free of cost: Musk
    Business
    Reuters

    Tesla plans to supply FDA-approved ventilators free of cost: Musk

    Tesla did not immediately respond to a request for comment on how many ventilators it has to offer, or how the company will prioritize requests. Governments across the globe have appealed to automakers and aerospace companies help procure or make ventilators and other medical equipment amid a fast-spreading coronavirus outbreak, which has infected more than 777,000 people globally and killed over 37,500.

  • Ready to buy back into this market? If so, forget about Apple and grab these stocks instead, strategist says
    Business
    MarketWatch

    Ready to buy back into this market? If so, forget about Apple and grab these stocks instead, strategist says

    The market is utterly underestimating how much of a shock the coronavirus is going to be to the economy. And I think for the next 12 months, the U.S. consumer is only going to spend his money or her money on [nondiscretionary] goods. So, within that basket, I think you have to let Apple go.

  • Goldman Sachs: 3 “Strong Buy” Stocks to Snap Up Now
    Business
    TipRanks

    Goldman Sachs: 3 “Strong Buy” Stocks to Snap Up Now

    With that in mind, Goldman Sachs analysts have been coming the markets for buy-side options, and in a series of reports on tech-related stocks have highlighted three under-the-radar choices. Tenable has been growing rapidly over the past several years, is among the fastest-growing companies in our coverage universe, and remains a critical provider for continuous monitoring, which is an important compliance-related focal point.

  • Judicial Ruling Guts Amarin (AMRN) Stock; What’s Next?
    Business
    TipRanks

    Judicial Ruling Guts Amarin (AMRN) Stock; What’s Next?

    If after seeing Amarin (AMRN) stock tumble 35% over the past year, you consoled yourself with the knowledge that "at least it can't get any worse" -- surprise! On Monday, a judge for the United States District Court for the District of Nevada ruled against Amarin and in favor of two generic drug manufacturers seeking to produce drugs based on Amarin's Vascepa hypertriglyceridemia treatment, invalidating six Amarin patents in the process. Of course, Amarin quickly promised to "vigorously pursue all available remedies, including an appeal of the Court's decision and a preliminary injunction pending appeal to ... prevent launch of generic versions of VASCEPA in the United States."

  • These 60 large U.S. companies are ‘susceptible to a dividend cut,’ according to Jefferies
    Business
    MarketWatch

    These 60 large U.S. companies are ‘susceptible to a dividend cut,’ according to Jefferies

    a href="https://www.marketwatch.com/investing/stock/gis" (GIS) 3.62% 1.49 177.3% Evergy Inc.

  • Saudis Start to Unleash Oil Wave Despite U.S. Pressure
    Business
    Bloomberg

    Saudis Start to Unleash Oil Wave Despite U.S. Pressure

    The kingdom has loaded several of the supertankers it hired earlier this month to boost its ability to increase exports, according to ship-tracking data. In addition, Riyadh has used the last few weeks to shuttle large amounts of crude into storage in Egypt, a stepping stone to the European market. The movements suggest that Riyadh is ramping up its oil production toward its target of supplying a record 12.3 million barrels a day in April, up from about 9.7 million in February, despite American pressure to end the price war.

  • Paying $4.79 a Gallon, California Didn’t Get the Cheap Gas Memo
    Business
    Bloomberg

    Paying $4.79 a Gallon, California Didn’t Get the Cheap Gas Memo

    As crude oil prices have tanked, depressed by the coronavirus pandemic and the market-share war between Saudi Arabia and Russia, at least a dozen service stations in the Golden State were charging more than $4 as of Monday, according to the tracker GasBuddy. One unnamed location in Santa Clara, near the heart of Silicon Valley, was demanding the most that GasBuddy's research found in the state: $4.79. According to AAA, only Hawaii had higher average prices than California, at $3.36 versus $3.06.

  • Audacious Chinese coffee chain Luckin, not content with its quixotic battle against Starbucks, dreams of becoming Amazon, too
    Business
    MarketWatch

    Audacious Chinese coffee chain Luckin, not content with its quixotic battle against Starbucks, dreams of becoming Amazon, too

    The Chinese startup that has reshaped the coffee sector here, wiping away Starbucks' dominance in the country, is leaping into an untraditional foray — one that is sure to perpetuate questions about its long-term strategy. Nasdaq-listed Luckin Coffee (LK) came out of nowhere in 2017 and swiftly ate into Starbucks' (SBUX) domination of China sales, with its intuitive mobile app, ubiquitous grab-and-go stores, and discounts so deep that they have frustrated some investors. One conspicuous example of Luckin's cutthroat strategy was the building of hundreds of its stores within mere meters of existing Starbucks locations, often right next door.

  • Top Fund Manager Says These Stocks Should Soar In The Next Market Rally
    Business
    Investor's Business Daily

    Top Fund Manager Says These Stocks Should Soar In The Next Market Rally

    Chip Reed is a mutual fund manager who winces at the widespread pain and suffering caused by the coronavirus stock market crash. But he also sees the coronavirus crash as setting the table for the sort of rally mutual fund shareholders dream of. "The pain isn't lost on anybody," said Reed, a manager of $11.7 billion Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX).

  • Mall Owner Taubman To Tenants: Pay Your Rent
    Business
    Benzinga

    Mall Owner Taubman To Tenants: Pay Your Rent

    The real estate investment trust wrote in a March 25 memo obtained by CNBC that the rental income it receives from tenants is "essential" for it to meet its own financial obligations, like paying lenders on mortgages and utility expenses. The Taubman memo reportedly said "all tenants will be expected" to stay true to their original lease obligations, despite financial difficulties related to the coronavirus. So far, restaurant chain Cheesecake Factory Inc (NASDAQ: CAKE) is the most notable national mall tenant to confirm it won't pay rent in April, although the company said it is in various stages of discussions with its landlords.

  • Cyclicals couldn't be better positioned now for economic recovery: Causeway Capital Managment CEO
    Business
    Yahoo Finance Video

    Cyclicals couldn't be better positioned now for economic recovery: Causeway Capital Managment CEO

    Sarah Ketterer, Causeway Capital Management CEO, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss how coronavirus has impacted the markets.

  • Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn -sources
    Business
    Reuters

    Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn -sources

    American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said. Some 4,700 jets have been parked globally as airlines slash operations due to travel restrictions, according to Ascend by Cirium fleet data, and American's decision confirms industry speculation that many of those older jets will not fly again. In addition to the retirement of 34 Boeing Co 757s and 17 Boeing 767s announced just two weeks ago, American now plans to also sunset a batch of 76 Boeing 737s it acquired between 1999 and 2001, nine Airbus SE A330-300s and 20 Embraer E190s, the people said.

  • Here Are The 5 Biggest Dow Jones Losers In The Coronavirus Crash
    Business
    Investor's Business Daily

    Here Are The 5 Biggest Dow Jones Losers In The Coronavirus Crash

    The worst Dow Jones Industrial Average performers in the first-quarter include Boeing, Dow, Exxon Mobil, Chevron, and United Technologies, while the overall index is on track for its worst Q1 ever. The Dow Jones aerospace giant spent 2019 reeling from the grounding of its Boeing 737 Max jets after two deadly crashes. The troubled aircraft has been grounded for over a year with hopes that deliveries will start in May. But Boeing is now grappling with evaporating air-travel demand, which has forced airlines to slash routes during the coronavirus pandemic.

  • Business
    Barrons.com

    6 Stocks That Can Survive the Oil Shock, Even if It Lasts Years, According to One Analyst

    Hope for a quick rebound in oil prices has faded, and now some analysts are extending their forecasts for extremely low prices beyond 2021. On Tuesday, Brent crude futures, the international benchmark, were up a penny to $22.77. West Texas Intermediate rose 2.2% to $20.53, after briefly falling below $20 on Monday.

  • Coronavirus update: 809,608 cases, 39,545 deaths, and White House expected to release models showing trajectory of illness
    U.S.
    MarketWatch

    Coronavirus update: 809,608 cases, 39,545 deaths, and White House expected to release models showing trajectory of illness

    The U.S. continued to lead the world in number of cases of COVID-19 on Tuesday, as state governors continued to complain about inadequate testing and predict that the worst is yet to come. The governors of New York, Montana, Ohio, Washington and Virginia have said they are struggling with containment efforts because of a shortage of testing kits and that message was repeated on a call with President Donald Trump on Monday, according to media reports. Trump said he had not “heard about testing in weeks,” suggesting the issue was no longer a problem, according to media reports, including the New York Times.

  • Here are the best bets for investors seeking income, according to Goldman Sachs
    Business
    MarketWatch

    Here are the best bets for investors seeking income, according to Goldman Sachs

    The stimulus bill signed into law Friday keeps any companies that borrow from the government from paying dividends to shareholders for at least a year after the loan is repaid — even as bond yields have collapsed to to near all-time lows. The provisions of the CARE Act likely exacerbate a trend of companies trying to keep as much cash on hand as possible as the economic downturn worsens. The Goldman strategists estimate dividends for S&P 500 stocks will decline 25% to $44 per share in 2020, and note 12 companies, ranging from Apache Corp. (APA)  to Old Dominion Freight Line (ODFL), have already reduced or suspended their shareholder payouts.

  • Man who called Dow 20,000 at end of 2015 says these are the 4 steps needed for a bona fide stock-market recovery
    Business
    MarketWatch

    Man who called Dow 20,000 at end of 2015 says these are the 4 steps needed for a bona fide stock-market recovery

    That's Jeremy Siegel, a professor of finance at the University of Pennsylvania's Wharton School of Business, expressing some optimism Monday about the outlook for a stock market that may be starting to reassert a bullish stance after a punishing month. During a phone interview on CNBC, the professor said he thinks the stock market may have put in its bottom last week. On Monday, the Dow Jones Industrial Average (DJIA) booked a more than 690-point gain, rising by 3.2% to end the session at 22,327, while the S&P 500 index (SPX) rose 3.4% to 2,626.

  • Joanna Bourke: Why London HQs have a future after Covid-19
    Business
    Evening Standard

    Joanna Bourke: Why London HQs have a future after Covid-19

    But, I reckon there are plenty, who, like me, had no clue what this acronym was until we recently became subjects in a huge business experiment: Work From Home. In what London's army of office landlords may perceive as bad news, it turns out scores of companies can do WFH. People have made makeshift offices and call centres in their homes as they self-isolate during the coronavirus crisis, and jobs are getting done.

  • Profit Will Soon Double (Or More) At 11 Companies, Analysts Say
    Business
    Investor's Business Daily

    Profit Will Soon Double (Or More) At 11 Companies, Analysts Say

    Corporate profit is all but certain to drop in the first quarter as the coronavirus shuts America down. But analysts still think profit will double or more at some S&P 500 companies. Double profit?