One of the biggest threats facing Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) as the novel coronavirus shuts down the global economy is how it would affect ad sales. As the U.S. spirals into a likely depression, GOOG stock would surely suffer.Source: rvlsoft / Shutterstock.com Right?So, it was a pleasant surprise for investors that Alphabet disclosed in its recent earnings report that while sales are lower on Google's massive online advertising platform, the company's other businesses, such as cloud services, are helping to pick up the slack.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPlus, analysts are buoyed by Google's plans to reduce spending in key areas to support GOOG stock in the second half of the year.In all, the earnings report and Alphabet's plan moving forward gives its stock some solid momentum, making it an attractive growth investment for the time being.First, let's review those earnings. A Review of Alphabet EarningsGoogle reported a...
(Bloomberg) -- Oil rose to its highest level since mid-March and is set for the third weekly gain as economies begin to reopen and signs continue to emerge that demand is recovering.Futures in New York rose as much as 8.6% Friday. OPEC is optimistic that the worst of the oil crisis is over and sees signs that the global economy is starting to recover. States in the U.S. are beginning to ease lockdown measures and reopen. Beaches in New York, New Jersey, Connecticut and Delaware will be open for Memorial Day, according to New York State Governor Andrew Cuomo.“The expectation, as we see these restriction measures pull back, is we’ll see demand return to more of a normal level,” said Gene McGillian, manager for market research at Tradition Energy.The price for the WTI June contract rose above that of the July’s for the first time since mid-March, indicating that concerns around...
May.15 -- Aflac Inc. Chairman and Chief Executive Officer Dan Amos says the health insurer is well-prepared to handle the fallout from the Covid-19 pandemic. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."...
The Trade Desk (NASDAQ:TTD) is one of the best growth stocks out there -- and I'm not trying to be hyperbolic. Yet TTD stock plunged from $320 in February to sub-$150 in March, down 58%.Source: BrightSpace / Shutterstock.com I don't think that The Trade Desk deserved such a plunge and I'll highlight why in a minute. But equally, I don't know that it deserves to rally 140% from its March low to a new all-time high in May.Again, this is a fabulous company with incredible growth. But that kind of move amid this kind of uncertainty has me thinking twice. But first, the good.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why We Like TTD StockWhat does The Trade Desk do?The company "operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns." This spans mobile, social, desktop, connected TV and more, and...
Stocks slumped this week after Federal Reserve Chair Jerome Powell warned Americans about the possibility of a "prolonged recession."While that phrase may sound pretty scary to investors, Sevens Report's Tom Essaye said Thursday stock prices may hold up much better in 2020 than during the previous two extended U.S. recessions.The DataDuring the U.S. recession in 2001-2002, the S&P 500 dropped by more than 30%. During the recession in 2009-2010, the S&P fell 50%. However, Essay said there is one key difference between the current situation and the previous two recessions, and that factor is the Federal Reserve.From September 2008 to September 2014, the Fed's balance sheet increased from $1 trillion to $4.5 trillion. In March and April of 2020 alone, the Fed expanded its balance sheet from $4.1 trillion to $6.7 trillion."That's $2.6 billion in two months, compared to $3.5 trillion in six years!" Essaye said. "And, the Fed isn't done,...
May.15 -- President Donald Trump says schools should be back later this year and that he has a plan for preventing the spread of Covid-19 after they reopen....
