After weeks of euphoric rise, disappointing economic data and fears of a second coronavirus wave are pushing US equities down. Continue reading Stocks Slip on Disappointing Jobs Report and Fears of a Second Coronavirus Wave
Despite filing for bankruptcy, Hertz is planning on issuing $1 billion worth of common stock. Is this the Greater Fool Theory at work? Continue reading The “Greater Fool Theory in Action”: Hertz’s Bankruptcy Stock Offering
For the past two months, investors were betting on the reopening of the world’s major economies and the coronavirus being under control. On Thursday, after two and a half months of non-stop gains, the US markets had their worst session … Continue reading Will the Stock Market Crash Again?
On May 15th, 2020, Sorrento Therapeutics (Nasdaq: SRNE) made national headlines when its CEO declared they were developing an antibody cocktail which provides “100% inhibition” of SARS-CoV-2, the virus that leads to COVID-19, in preclinical studies. Henri Ji, Sorrento’s CEO, … Continue reading Here’s Why I’m Not Selling My Sorrento Therapeutics Stock
Shark Tank’s Mr. Wonderful is investing in LSD. Should you? Continue reading Kevin O’Leary is Investing in an Obscure LSD Company…Pump and Dump or Visionary Investment?
The coronavirus has created a global crisis of unprecedented nature. There is a clear disconnect between the stock market and the real economy. Will the market adjust to price in the incoming recession? How should investors prepare? Continue reading Technically, the USA is already in a recession. Will the market crash again and if so how should you prepare?
Next week, there will be a flurry of earnings activity and announcements: Tech giants are releasing their earnings, several companies are expected to announce whether dividends will be maintained or cut, and Nielsen data will publish its Q1 data, among … Continue reading Stocks to Watch (04/27-05/01): Earnings Uncertainty and Dividend Cuts.
On Monday, the S&P 500 rose by more than 7% and today, at writing the market is up almost 2%. Around the globe, the situation is similar: Since April 3rd, the French CAC 40 is up 6.4% and the Japanese … Continue reading Why are Global Markets Rising? Is the rally sustainable?
The US economy is starting to feel the pain of the shutdowns implemented to contain the coronavirus as the number of Americans applying for unemployment benefits smashed another record. Last week, 6.6 million Americans filed for jobless claims. This is … Continue reading 6.6 Million More Americans Sign Up for Unemployment. Oil Surges. Markets Green.
Yesterday, global markets rallied as China released a report showing a 50% growth in economic activity in March compared to February. Indeed, while output is far from the levels it was before the crisis, the data suggests that the economy … Continue reading U.S. Unemployment Could Reach 15% by June, says Goldman. Markets Turn Red.