Earlier this morning, Morgan Stanley (MS) released their Q1 2020 earnings. They were the last of the big six American banks to do so. Now that those reports are all in, there are some common themes and some conclusions that can be drawn with implications for the broader market. Let’s...
Netflix NFLX shares soared to new highs Thursday, as investors clamor for stocks that are immune to the coronavirus economic downturn. Soon, all eyes on Wall Street will likely turn to the streaming TV giant when it reports its first quarter fiscal 2020 financial results after the closing bell on Tuesday,...
A $17,000 model. A fitting appointment. A cover spread on Vogue. The Apple Watch was more than a fitness-tracking device when it debuted five years ago. It was a fashion item and status symbol. It was luxury on your wrist. Fast forward to 2020, the fifth anniversary of Apple's smartwatch. Millions of people around the globe wear...
A look at equity futures shows broad declines after last week marked a second weekly gain, and coming alongside President Trump's daily coronavirus briefing (ongoing). S&P 500 and Nasdaq futures are down by more than 0.9%, while the Dow futures are down 1%. They're also following oil prices which are in decline, with West Texas...
If you look just at the chart, there are a lot of encouraging signs for stocks right now. The S&P 500 hit its low on March 23, exactly three weeks ago, and has recovered around half its losses in that short time. If this morning’s pre-market rally lasts, we...
The highest number of Saudi oil shipments in years are making their way to the United States this month, threatening to make an already dire situation in the U.S. oil industry even worse. With oil demand crashing in the lockdown and storage capacity filling up fast, more Saudi oil imports...
The Treasury Department has confirmed that economic impact paper checks from the $2.2 trillion coronavirus stimulus relief package have already started going out and are in the mail. Department officials are walking back Treasury Secretary Steven Mnuchin’s comments at a White House gaggle with reporters where he said they would start going...
The list of possible symptoms of the coronavirus has grown. The Centers for Disease Control and Prevention updated its official list of indicators, CBS reports, which had been just fever, cough and shortness of breath. The last one has been elaborated on, as well. The signs that you might have the...