I’ve been getting a flood of emails from acquaintances eager to buy digital currencies, calendar spreads (a complex options strategy), foreign currencies, penny stocks, and any company that claims to cure the virus. In a bear market environment, when investors are understandably nervous, get-rich-quick investments will be peddled on the …
Read More »Metals Stocks: Gold heads lower, but looks to end higher for the month
Gold futures headed lower Tuesday, as government bond yields and the US. dollar rose, putting pressure on the metal that has gained in the month and quarter against the backdrop of the COVID-19 pandemic. Losses for gold came on the back of the latest U.S. consumer confidence data, which showed …
Read More »Metals Stocks: Gold prices jump more than 3% after Fed announces short-term funding facility
Gold prices punched higher Tuesday, with gains for the metal coinciding with an announcement that the Federal Reserve was establishing a lending facility to assist U.S. corporations in rolling over short-term debt, a key area of the market that had frozen during the coronavirus pandemic. A gain for the precious …
Read More »Investors trust Trump’s two ‘magic words,’ and now it’s time to nibble on stocks
Investing and trading are about making money, and you should never let your political opinions get in the way. Irrespective of what you think of President Trump, Wall Street trusts him. How does this affect you? Let’s explore with the help of two charts. Please click here for an annotated …
Read More »Asia Markets: Asian stocks bounce after huge losses on news of possible U.S. tax cut
BEIJING (AP) — Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain …
Read More »Airline stocks slammed by coronavirus fears, but experts say reaction may be overdone
U.S. airline stocks have been slammed as companies cancel all but urgent travel and avoid regions with high numbers of cases of the coronavirus COVID-19, but investors say the reaction may be overdone. The selloff is purely motivated by fear, said Michael Matousek, head trader at investment manager U.S. Global …
Read More »Market Snapshot: U.S. stocks end lower, but book weekly gains, as coronavirus cases break above 100,000
U.S. stocks finished lower Friday, but after a volatile session that saw the Dow recover about half of the day’s losses and even notch a gain for the week as investors watched cases of COVID-19 climb above 100,000 globally while and oil prices tumbled by the most in five years. …
Read More »Need to Know: Wait for these signals to buy coronavirus-battered stocks, says BNY Mellon strategist
President Donald Trump’s coronavirus press conference has not stemmed the global equity slide as world-wide infections climb and U.S. stocks have tumbled into correction territory. Our call of the day comes from BNY Mellon’s chief strategist Alicia Levine, who has advice for those wanting to know when to buy beaten-down …
Read More »Deep Dive: Health-care stocks hinge on presidential politics — and they’re now looking favorable
Investors don’t fear Sen. Bernie Sanders as much as they do Sen. Elizabeth Warren in becoming the Democratic nominee for president. Both have proposed massive government spending, including an overhaul of the country’s health-care system, but Sanders has pulled ahead in primaries so far. Want evidence? Check out the following …
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