Most equities are pushing higher again on Thursday thanks to yet another round of aggressive stimulus from the Federal Reserve. In addition to a $2.3 trillion stimulus to support small businesses and local governments through loans, as well as buy junk bonds in the open market via ETFs such as the iShares High Yield (NYSE:HYG). That said, bank stocks are flying higher.This addition comes just weeks after the Fed announced it was going to buy investment-grade corporate bonds in the open market. The only thing it is not buying yet is corporate equities. But that seems inevitable now, following in the footsteps of the Bank of Japan. * 7 Penny Stocks To Buy with Massive Upside Potential Moreover, Wall Street bank stocks are surging in a big way in response because not only are they going to be the ones processing Fed/Treasury small business loans, but they are set to benefit...
Like nearly every U.S. equity, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) was under significant pressure due to the novel coronavirus. However, big declines like this present opportunity and with GOOG stock still down 21% from its highs, it's worth a closer look.Source: rvlsoft / Shutterstock.com This company has so many positives going for it. While Google may hit some short-term turbulence, investors shouldn't forget some of its long-term qualities. At its trough, GOOG stock fell 33.8% from its highs.Who knows, maybe that opportunity will arise once again. We don't know if that's the case, but we do know that Google is a long-term winner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GOOG Stock Has a Strong Balance SheetRight off the bat, one of Alphabet's most attractive qualities is its balance sheet. That may not be the most exciting thing going on at the company, but in times of uncertainty, it provides an...
(Bloomberg) -- Saudi Arabia and Russia agreed to record oil production cuts in an effort to revive the market from a debilitating coronavirus-induced slump.Attention now turns to the Group of 20 energy ministers meeting on Friday. Contribution from major producers including the U.S. and Canada could boost efforts to revive prices after the OPEC+ historic agreement failed to push crude higher on Thursday. Oil’s spectacular price crash this year has threatened the stability of oil-dependent nations, forced major companies such as Exxon Mobil Corp. to rein in spending and risked the very existence of small independents. OPEC and its allies have been put under intense pressure by President Donald Trump and American lawmakers, who fear thousands of job losses in the U.S. shale patch.OPEC+, meeting by video conference, tentatively agreed to cut production by about 10 million barrels a day in May and June, delegates said. Saudi Arabia and Russia, the...
Costco (NASDAQ:COST) shares held steady as the novel coronavirus pushed the stock market lower. That's no surprise, given the wave of panic buying as the pandemic hit America. But, while competitors like Walmart (NYSE:WMT) have made new highs, Costco stock has pulled back.Source: ilzesgimene / Shutterstock.com To me, that's a sign Costco shares are a buying opportunity on the dip. Why? The company's membership-based model gives it less volatile revenue. Granted, the company isn't the only player in the club retailer space. Not only do you have publicly traded BJ's Wholesale Club (NYSE:BJ), you also have Walmart's Sam's Club unit.Yet, Costco is leaps and bounds ahead of these rivals. Not just in size, but also in growth potential. The company's stores have continued to grow, while its peers tread water at best. In fact, places like Sam's Club have closed stores, while Costco continues to expand its reach.InvestorPlace - Stock Market...
