Plan your investment strategy with insights from financial experts in an interactive webinar series brought to you by Yahoo Finance Premium. Yahoo Finance reporter Jared Blikre and guest Brian Shannon, CMT & AlphaTrends Founder discuss how to better manage assets, assess risk, and invest during the recent stock market volatility caused by the COVID-19 pandemic. Recorded 7/1/2020. Not a subscriber? Start your free trial at yahoofinance.com/premium to join future webinars live!...
The alarming surge of new coronavirus cases could mean the market is on track for another extended period of volatility and uncertainty, making it very difficult to predict when any sense of normality will resume.Yet, if any company has shown how to catch the curveball thrown by COVID-19, it is e-commerce giant Amazon (AMZN).Monness’ Brian White — Amazon’s biggest bull on Wall Street — believes the company provides “key capabilities, vast global infrastructure and financial strength necessary to support the needs of people and organizations around the world, while also positioning the company as a major beneficiary of accelerated digital transformation.” According to the analyst, it “will be ushered in with the aftermath of this pandemic, driving greater use of ecommerce, the cloud and emerging tech.”What is unique about Amazon’s position, White notes, is how the company has become almost indispensable to both the causal consumer and large organizations. Essentially, almost everyone has relied on...
What to make of the markets today? We just wrapped up the second quarter, and the S&P 500 registered its best quarter in 70 years, gaining 20%. It was even more impressive as the gains came on the rebound from the worst losses since the Great Depression. We’ve had recessionary pressures thanks to COVID-19, and the sudden burst of positive sentiment, as it became clear that this time, there really is pent-up demand after a collapse.Looking at the historical pattern of stock market performance following bearish quarters, SunTrust Robinson chief market strategist Keith Lerner sees reason for continued optimism.“The weight of the evidence in our work still suggests that we are in a bull market… While the fits and starts in the economy and other factors will likely lead to periodic market setbacks, our work suggests this bull market continues to earn the benefit of the doubt, and we retain a...
The completion of bankruptcy proceedings sets up the embattled company to tap a state-backed fund that would help power utilities cushion hits from wildfires. PG&E said it deposited about $5 billion in the wildfire fund. The utility had a tumultuous time since filing for bankruptcy protection in January last year, with California Governor Gavin Newsom raising concerns about the reorganization plan as well as a state regulator asking for governance and oversight changes to its plan....
Less-than-truckload company YRC announced it is getting a $700 million loan under the CARES Act – while the U.S. Treasury gets a 29.6% equity stake in the company. ...
Originally planned to take place September 27-29, in Washington, D.C., McLeod Software has decided, in light of the current COVID-19 environment, to create a fully virtual user conference instead. ...
