Shares of Grubhub are slumping, as UBS warns that food delivery supply chains could take a hit amid the coronavirus outbreak. Yahoo Finance’s Dan Howley joins Seana Smith to break down the details.
During a question-and-answer session on social-media platform Reddit, the founder of hedge fund Bridgewater Associates underscored a point that he's made in the past, but one that has more resonance as the infectious disease that was first identified in Wuhan, China in December wreaks havoc on global economies and forces central banks and governments to unfurl an array of unprecedented fiscal and monetary stimulus efforts. This money printing and government borrowing, Dalio, argued in a July article on LinkedIn, has sowed the seeds for coming inflation, a major shift from the persistently low inflation that has marked the past two decades.
We see light at the end of the tunnel because we believe that sooner or later the medical community will make breakthroughs, and because the fiscal and monetary response around the world, especially in the U.S., where we're overweight stocks, has been pretty aggressive and forceful — That's the bullish view Ardagna shared with Bloomberg News in an interview Wednesday. Right now is a good time to get back into markets and take advantage of the decline in equity markets to position for the rebound,” Ardagna added. Her comments follow the advice of Goldman's investment strategy group from mid-March, which advised clients to gradually add risk assets after the big pullbacks.
The stock market finally made a higher high—and for some that means the worst is behind us. I don't think so. Ever since the market bottomed and started moving higher, I've been working under the assumption that there will be a retest of the lows.
Researchers at the University of Frankfurt disclosed the findings in their article submitted to NatureResearch on March 11, 2020. The authors of the research reported that inhibiting glycolysis with non-toxic concentrations of 2-DG completely prevented SARS-CoV–2 replication in Caco–2 cells. Moleculin's drug candidate, WP1122, is referred to as a “prodrug” of 2-DG as chemical elements are added to 2-DG to improve its delivery in vivo.
See: Vodka, saunas and resisting lockdown — the countries taking a different approach to the coronavirus “We are finally seeing U.S. COVID-19 new case numbers responding to social distancing — certainly in New York state but also elsewhere,” wrote analysts at BofA Global Research in a note. On top of that, central banks and governments across the globe are throwing out what amounts to trillions of dollars to help stanch the economic damage resulting from efforts to mitigate infections and treat those sickened by the illness derived from the novel strain of coronavirus.
Much-awaited stimulus cash will begin flooding into millions of bank accounts next week in the first wave of payouts to shore up the nation's wallets. The first group – estimated to cover 50 million to 60 million Americans – would include people who have already given their bank account information to the Internal Revenue Service. The first group also would include Social Security beneficiaries who filed federal tax returns that included direct deposit information, according to an alert put out today by U.S. Rep. Debbie Dingell, D-Mich. Dingell's announcement said the expectation is that the first direct deposits would hit in mid-April, likely the week beginning April 13.
U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak. Loeffler, who was appointed to her Senate seat in January by Georgia's governor, has repeatedly denied any wrongdoing. In a Wall Street Journal opinion column on Wednesday, Loeffler said she was not changing her investment strategy because she has to.
The online retailer told customers that the service, Amazon Shipping, will be paused starting in June, according to the Wall Street Journal, which was first to report the change. Amazon is suspending the service because it needs people and capacity to handle a surge in its own customersâ€™ orders, the Journal reported, citing sources. "We regularly look at a variety of factors across Amazon to make sure we're set up in the right way to best serve our customers," an Amazon spokesperson told Reuters in an email confirming the halt in service.
A global recession is upon us, and they're not fully taking it in.China is looking at the reopening this week of Wuhan, the epicenter of the outbreak, after months of lockdown and seeing it as a sign that things are getting better. The messaging is obvious: China is back in business, and its domestic companies are in the clear. “Smartphone demand is resilient; it's a daily necessity so demand will rebound quickly,” Xiaomi Corp. Chief Financial Officer Chew Shouzi said in a media teleconference March 31.
Unsurprisingly, Heffern rates Valero shares a Buy along with a $59.00 price target -- 15% upside from current levels. To watch Heffern's track record, click here) Wolfe Research said it even more succinctly in a recent research note on Valero. Lead analyst Sam Margolin sees “ample liquidity, no [debt] maturities near term, and upside leverage with dividend growth.
Here are two: Growth stocks generally outperformed during the stock market crash but have lagged somewhat during the coronavirus stock market rally. Typically growth stocks lead market uptrends, but this one has been led by the likes of Dow Jones giants Boeing, Exxon Mobil and other companies whose businesses have been crushed by the coronavirus shutdowns. The Dow Jones Industrial Average has a rising relative strength line, reflecting its recent outperformance vs. the S&P 500 index.
In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. With this in mind, let's take a look at the recent hedge fund activity surrounding Aurora Cannabis Inc. (NASDAQ:ACB).
RBC Capital Markets Analyst Mark Mahaney joins Yahoo Finance's Seana Smith to discuss why Amazon's grocery business is a $70-90B opportunity for the e-commerce giant.
With the U.S. economy set to contract severely this quarter amid the COVID-19 lockdown, bank stocks as a group have fallen much more than the broader market. On April 7, David Konrad, a managing director and analyst at D.A. Davidson, and Ian Lapey, a portfolio manager at Gabelli, discussed in interviews seven bank stocks that may turn out to be good investments. Buffett said that during an interview in October 2008, and went on to make a lot of money from his timely investments in Goldman Sachs (GS) in September 2008 and Bank of America (BAC) in September 2011.
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronavirus pandemic have been complicated by mutual animosity and the reluctance of the United States to join the action. Crude prices have slumped below the cost of production for many producers, including the booming U.S. shale oil industry. U.S. President Donald Trump said last week a deal he had brokered with OPEC leader Saudi Arabia and Russia could lead to cuts of as much as 10-15 million barrels per day or 10-15% of global supplies, an unprecedented reduction.
Novavax stock popped Wednesday after the small biotech company said it plans to begin human testing of its coronavirus vaccine in mid-May. The vaccine would protect against SARS-CoV-2, the coronavirus that causes Covid-19. In animal testing, the experimental coronavirus vaccine generated an immune response, developing antibodies that could neutralize SARS-C0V-2.
Thanks to the coronavirus pandemic, the lines are longer than normal right now at Costco for bulk purchases of soup, toilet paper and chicken. Well that along with Costco boasting more than $7.7 billion in cash, a very reasonable debt load and a 1% dividend yield (which looks great in the era of 0% interest rates). The sell-side optimism comes even as Costco's stock has gained 5% during the past three months of broad market upheaval.
The rollout of the Paycheck Protection Program for businesses impacted by COVID-19 has been stressful for business owners and bankers alike, Colorado Bankers Association spokeswoman Amanda Averch told Denver Business Journal. “Bankers are working extremely hard to get these funds to small businesses as fast as they can, in a fluid environment with information and guidance being updated multiple times a day,” Averch said. The American Bankers Association, the national trade organization that represents the country's financial institutions and is associated with the Colorado Bankers Association, estimates that the SBA is approving some $1 billion in loans every hour, reports the DBJ sister market Triangle Business Journal.
Investors are beginning to speculate what is Berkshire Hathaway CEO Warren Buffett going to buy. After all, it is Buffett who said “…be greedy only when others are fearful.” Market commentators turned bleaker every day, while the S&P 500 kept tumbling lower and lower, apart from brief periods of brutal volatility.
A popular investment among Asia's wealthy in the years of rock-bottom interest rates has been upended in the recent market rout, leaving investors facing losses estimated to be in the billions of dollars. Structured products called fixed coupon notes attracted scores of private banking clients in Hong Kong and Singapore in recent years, according to half a dozen bankers and advisers Bloomberg spoke with. About 5%, or more than $80 billion, of Asian private banking assets outside mainland China is probably tied to such notes, estimates University of Hong Kong Professor Dragon Tang.
Laser systems maker Biolase Inc. is teaming with MEK-ICS Co. Ltd, an intensive care unit equipment manufacturer based in South Korea, to make portable ventilators used on patients being treated for the coronavirus. Irvine, California-based Biolase (Nasdaq: BIOL) said it will supply MEK-ICS' MTV-1000 ICU-grade portable ventilator through Biolase's FDA-registered manufacturing facility in California. The MTV-1000 ventilator has received FDA authorization for emergency use during the COVID-19 pandemic.
The sell-off has driven dividend yields of a number of S&P 500 stocks to their highest levels in years. But as attractive as a double-digit dividend may seem on the surface, a dividend is only as good as the company paying it. The quickest way to assess the reliability of a dividend is to look at a company's payout ratio.
The Point72 Chairman and CEO has earned a reputation as one of the most successful stock pickers, with his firm relying on a core hedge fund strategy that features stock market investments. Less frequently, Point72, which is based in Stamford, Connecticut, will make plays based on macro trends, placing global wagers on several asset classes at the same time. With Cohen earning an estimated $1.3 billion in 2019 after the firm's main hedge fund posted a 14.9% gain, it's no wonder market watchers follow his moves religiously.
When she retired all those years ago, her income security needs were pretty simple. Such annuities continue to be offered by insurance companies, but the monthly payouts they generate has collapsed to the lowest levels on record, according to ImmediateAnnuities.com. In 2000, a 65-year old woman with $100,000 in savings could buy an annuity guaranteeing her income of $744 a month.