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  • Coronavirus stimulus-package tax relief: Withdraw $100K from your IRA — and repay in 3 years with zero tax liability
    Business
    MarketWatch

    Coronavirus stimulus-package tax relief: Withdraw $100K from your IRA — and repay in 3 years with zero tax liability

    The new law is a daunting 880 pages long, but it contains lots of good news for individuals and businesses, including meaningful tax relief. This column explains one tax-relief measure that can potentially benefit many IRA owners. IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs.

  • You can be ‘practically stealing’ quality stocks now, according to Jefferies
    Business
    MarketWatch

    You can be ‘practically stealing’ quality stocks now, according to Jefferies

    Investors are trying to get ahead of an eventual turnaround for the stock market, even as the coronavirus spreads further across the U.S. Analysts at Jefferies have published a list of 47 stocks that they believe have “strong fundamentals” and attractive valuations, with opportunities created by “indiscriminate selling” over the past month. The largest of the recommended companies are listed below. Warnings Before getting to the list of “best stock ideas” from Jefferies, a number of warnings are in order: • It's too early to call a stock market bottom — it's a fool's errand.

  • These are the 20 stocks corporate insiders have been buying most amid the coronavirus-induced market selloff
    Business
    MarketWatch

    These are the 20 stocks corporate insiders have been buying most amid the coronavirus-induced market selloff

    Throughout these topsy-turvy times of scary health news, city lockdowns and daily market moves of 5% or more in both directions, there's been one comforting constant. Corporate insiders — executives and directors who buy shares in their own company — are loving this pullback. Since the S&P 500 index (SPX) Dow Jones Industrial Average (DJIA) and Nasdaq Composite Index (COMP) really began falling apart after March 5, insiders have been heavily buying all the areas that will supposedly get hit the hardest by this coronavirus and the COVID-19 illness it causes.

  • Is Abbott A Buy After Gaining FDA Blessing For Its Coronavirus Test?
    Business
    Investor's Business Daily

    Is Abbott A Buy After Gaining FDA Blessing For Its Coronavirus Test?

    So, while the medical company's sales and earnings have grown consistently for several years, Abbott isn't lining up with CAN SLIM rules for investing. Investors are advised to seek companies with recent quarterly earnings and sales growth of 20%-25%. The bigger, the better.

  • He said it in 1987 and in 2008 — now he’s saying it again: You’ll never see better bargains in the stock market
    Business
    MarketWatch

    He said it in 1987 and in 2008 — now he’s saying it again: You’ll never see better bargains in the stock market

    That's John Rogers, chairman of Ariel Investments, urging investors in an interview Wednesday night on CNBC to take advantage of the stock market's recent plunge. Rogers cited Sir John Templeton's advice that the time to buy is “when there's maximum pessimism. And, with the coronavirus pandemic sparking wild swings, that time, he says, is now.

  • Getting crushed in this market? One look at Warren Buffett’s portfolio and you might feel a lot better about yours
    Business
    MarketWatch

    Getting crushed in this market? One look at Warren Buffett’s portfolio and you might feel a lot better about yours

    Warren Buffett said earlier this month that he hadn't seen anything like the coronavirus pandemic. A couple of weeks later, and it's only gotten more dire as infections mount around the world and the stock market continues to spin out of control in both directions. “While Buffett is well known for weathering the worst market downturns and coming out stronger, the last several weeks have been just as painful on his portfolio as it has on the broader market,” Bespoke explained in a post noting that the average stock in his top holdings is off 37%.

  • Abbott Labs releases coronavirus test system that has results in 5 minutes
    Business
    American City Business Journals

    Abbott Labs releases coronavirus test system that has results in 5 minutes

    Abbott Laboratories said it has received emergency-use authorization from the U.S. Food and Drug Administration for its device that can render positive results for the coronavirus in five minutes. The Abbott Park, Illinois-based pharmaceutical company (NYSE: ABT) said its molecular point-of-care test for novel coronavirus is the fastest test available and can deliver negative results in 13 minutes. The test doesn't have to be administered in a hospital, Abbott said, but can be used in healthcare settings such as physicians' offices and urgent care clinics, as well as hospital emergency departments.

  • New York ER doctor fears worst case in virus fight
    U.S.
    Associated Press Videos

    New York ER doctor fears worst case in virus fight

    An emergency room doctor at NYU Langone Medical Center and Bellevue Hospital in New York says she fears the "worst case" scenario in the fight against coronavirus if shortages of ventilators and protective equipment persist. (March 26)

  • Business
    Barrons.com

    The Dow Ignored the Spread of Coronavirus Last Week. It Won’t Be Able to Anymore.

    As the disease has spread, fears about the possible death toll and the extent of the economic disaster roiled global financial markets. The Dow Jones Industrial Average rallied more than 20% off its low, putting it in a bull market, at least by some definitions, though it remains down 24.2% on the year. It is far from contained, and Covid-19, the respiratory disease caused by the virus, continues to spread.

  • Business
    Oilprice.com

    Canadian Drillers Face Nightmare Scenario As Oil Crashes To $5

    This year's oil price crash will hit Canada's oil patch harder than the 2014 price collapse, analysts say. Following the double supply-demand shock of the past weeks, the industry had to quickly switch back to survival mode, just as it was expecting an uptick in upstream investments this year, for the first time in five years. Canada's oil and gas sector now faces an existential threat – losing even the little competitiveness it held onto in the wake of the previous oil crash.

  • Bank of America’s Race to Avoid Public Shaming Underscores the Perils of the Crisis
    U.S.
    Bloomberg

    Bank of America’s Race to Avoid Public Shaming Underscores the Perils of the Crisis

    The drama began when California Governor Gavin Newsom called out the bank for not offering 90-day grace periods to mortgage borrowers affected by the coronavirus, despite such pledges by rivals including JPMorgan Chase & Co. and Wells Fargo & Co. A journalist tweeted the lashing, and then Corden reposted it to his 10.7 million followers. The bank raced to correct what it called the governor's mistake. Just over an hour later, the firm promised Corden it would defer payments on home loans for as long as the crisis requires.

  • If you’re depressed about all the money you’ve lost in the stock market, learn to profit from chaos
    Business
    MarketWatch

    If you’re depressed about all the money you’ve lost in the stock market, learn to profit from chaos

    In a plain-vanilla sense, you are probably wondering how to mitigate the volatility in your portfolio, which is freaking out. You could step into your time machine, go back a few months and buy some bonds. All kinds of wacky stuff is happening in the bond market, and bonds aren't really providing any diversification benefits anymore, as risk-parity strategies unwind.

  • The Airlines Most in Danger of Going Under During the Crisis
    Business
    Bloomberg

    The Airlines Most in Danger of Going Under During the Crisis

    Airlines could lose a quarter of a trillion dollars in revenue this year, according to the International Air Transport Association, as travel comes to a standstill with countries locked down to fight the coronavirus. Most carriers will go bankrupt by the end of May if they can't find support, Sydney-based CAPA Centre for Aviation said last week. Using the Z-score method developed by Edward Altman in the 1960s to predict bankruptcies, Bloomberg News filtered out listed commercial airlines to identify the ones most at risk of going bust, based on available data.

  • If you do this now, you might be able to double your retirement portfolio
    Business
    MarketWatch

    If you do this now, you might be able to double your retirement portfolio

    The coronavirus crisis has created an extraordinary buying opportunity in emerging market stocks for anyone hoping to save for their retirement, say two independent investment houses. Buy a broad portfolio of inexpensive “value” stocks in developing markets such as China, South Korea, Russia, Brazil, India and you've got a good chance of doubling your money or better over the next five to seven years, say number crunchers at investment advisory firm Research Affiliates in Newport Beach, Calif., and at the blue chip money managers GMO in Boston. “Value” stocks are those that are inexpensive in relation to business fundamentals such as company revenues, assets and earnings.

  • China’s $30 Trillion Market Promise Beckons Global Wealth Firms
    Business
    Bloomberg

    China’s $30 Trillion Market Promise Beckons Global Wealth Firms

    While the further liberalization of the investment banking and money management industries in China has been overshadowed by the coronavirus crisis, wealth firms are nonetheless laying out plans to tap a market poised to reach $30 trillion in assets by 2023, according to consultant Oliver Wyman. Starting April 1, they can apply for licenses to set up wholly-owned mutual fund management firms for the first time.

  • Trump orders ventilators, demands appreciation
    Politics
    Associated Press Videos

    Trump orders ventilators, demands appreciation

    After days of pleading from the nation's governors, President Donald Trump took steps Friday to expand the federal government's role in helping produce critically needed supplies, including ventilators to fight the coronavirus pandemic. (March 27)

  • Six High Dividend Stocks You Can Count On
    Business
    Investor's Business Daily

    Six High Dividend Stocks You Can Count On

    It's easy to chase high dividend stocks — and even easier to lose money on them if they fall. There's a better way to find high dividend yields you can count on to make you money — which includes stocks like REIT Coresite Realty, banks like N B T Bancorp and retailer Home Depot. What's an investor looking for high dividend stocks to do then?

  • Exxon’s Safe Dividend Makes XOM Stock a Bargain Right Now
    Business
    InvestorPlace

    Exxon’s Safe Dividend Makes XOM Stock a Bargain Right Now

    Stocks to Buy That Will Benefit From Coronavirus Mayhem So if Exxon was going to signal a dividend cut it will happen within the next month or so. So far no bad news. Exxon Can Afford Its Dividend Last year, Exxon generated almost $30 billion ($29.7 b) in free cash flow from operations (CFFO) before its capex spending.

  • Dow Jones Futures Fall As U.S. Coronavirus Cases Top China's; 5 Stocks Setting Up Amid Market Rally
    Business
    Investor's Business Daily

    Dow Jones Futures Fall As U.S. Coronavirus Cases Top China's; 5 Stocks Setting Up Amid Market Rally

    Dow Jones futures fell solidly early Friday, along with S&P 500 futures and Nasdaq futures, after a stock market rally attempt extended a Dow Jones winning streak Thursday despite stunning jobless claims figures. U.K. Prime Minister Boris Johnson said Friday that he has tested positive for Covid-19, the most senior world leader to contract the coronavirus. Amazon.com, Alibaba, Netflix, Advanced Micro Devices and GSX Techedu are all worth considering for your updated watchlist.

  • Warren Buffett Is Only Making Money On Three Coronavirus Stocks
    Business
    Investor's Business Daily

    Warren Buffett Is Only Making Money On Three Coronavirus Stocks

    The coronavirus stock market crash is costing investors trillions. Buffett's Berkshire Hathaway is down nearly $60 billion on its U.S.-listed holdings this year. Online retailer Amazon.com, drugmaker Biogen and consumer staples retailer Kroger, are the only stocks in Berkshire Hathaway's lineup of 51 U.S.-listed stocks that are up this year.

  • Here's What Analysts Are Forecasting For The Home Depot, Inc. (NYSE:HD) After Its Yearly Results
    Business
    Simply Wall St.

    Here's What Analysts Are Forecasting For The Home Depot, Inc. (NYSE:HD) After Its Yearly Results

    The investors in The Home Depot, Inc.'s (NYSE:HD) will be rubbing their hands together with glee today, after the share price leapt 25% to US$191 in the week following its yearly results. Results were roughly in line with estimates, with revenues of US$110b and statutory earnings per share of US$10.25. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual.

  • Is Gold Mirroring 1999 to 2011 Again?
    Business
    FX Empire

    Is Gold Mirroring 1999 to 2011 Again?

    Our research team continues to dig into underlying patterns and set up in the global markets to assist skilled technical traders in understanding the current Covid-19 virus event and other key technical data. Recently, we've authored a number of detailed research articles that we believe helped prepare traders for the events of the past 30 to 90+ days. Today, we are writing about a pattern our research team is seeing in the Gold/Silver ratio which is correlated to the price movement of Gold.

  • Business
    Financial Times

    Investors should brace for another market dive

    At the height of the market turmoil during the previous financial crisis, a Federal Reserve Bank of New York official confidently told me they would keep throwing stuff at the wall until something stuck. This week the US central bank ran some moves from its 2008 playbook — and then went far beyond it. Adding to the open-ended buying of US government bonds, the Fed will load up on investment-grade corporate debt for the first time.

  • Man who scored big wins during the 2008 financial crisis says the stock market could be ‘near a bottom’ if U.S. gets a coronavirus recovery plan
    Business
    MarketWatch

    Man who scored big wins during the 2008 financial crisis says the stock market could be ‘near a bottom’ if U.S. gets a coronavirus recovery plan

    Hedge-fund manager David Tepper says there is nothing wrong with “nibbling” at stocks that have experienced a brutal selloff in the past month, amid growing fears centered on the economic impact of the coronavirus pandemic. However, the star fund manager and billionaire says that U.S. lawmakers and the Trump administration need to act quickly to stabilize the economy and mitigate the damage from the deadly pathogen. There's nothing wrong with nibbling here,” the founder of Appaloosa Management said during a phone interview with CNBC on Monday, referring to stocks that have fallen at an unprecedented rate, as business activity across the globe shutters in order to contain the illness, COVID-1...

  • Why AMD, Nvidia These Chip Stocks Could Lead The Next Market Rally
    Business
    Investor's Business Daily

    Why AMD, Nvidia These Chip Stocks Could Lead The Next Market Rally

    Nvidia, Advanced Micro Devices, Taiwan Semiconductor, Inphi and ASML Holding are among chip stocks making strong moves as the coronavirus stock market crash wraps up another week. Nvidia stock, AMD stock, Taiwan Semiconductor stock, Inphi stock and ASML stock are all leaders, with relative strength lines at or near highs.