UPS (NYSE:UPS) is a well-managed company, but UPS stock has seen better days. Like everything else, the package delivery company's future is cloudy thanks to the novel coronavirus pandemic. Even so, I remain optimistic about the company's long-term prognosis, however rough the short-term is going to be.Source: Sundry Photography / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsThree years ago, Wall Street sent UPS shares into the "penalty box" after CEO David Abney committed the crime -- at least in the eyes of short-term traders -- of investing $20 billion in the company. Some investors haven't forgiven Abney for his action. Shares of UPS dropped off hard during the latter part of 2018, as Wall Street worried about the massive spend.Fast forward to the present, and evidence abounds that Abney's bet on new airplanes and 10 million square feet of automation has paid off. Investments Pay Off for...
The "prepper" or survivalist movement was around for decades before the novel coronavirus outbreak. But now, as COVID-19 continues to dominate the headlines and reshape the global economy, preparing for imminent catastrophe doesn't seem quite as eccentric.While not everyone is buying eight months worth of food, we have seen a serious surge in panic-buying as consumers hole up at home. It doesn't take much of a stretch in imagination to see these trends as significant in the medium-term. Despite a flattening curve, experts remain divided about exactly how long the U.S. will be under social distancing measures, or to what degree. * 7 Penny Stocks To Buy with Massive Upside Potential With that in mind, you should load up on so-called prepper stocks, not just essential goods. Here are three stocks to buy in companies providing items that are always in-demand in a crisis:InvestorPlace - Stock Market News, Stock Advice &...
(Bloomberg) -- The next step for some U.S. refineries that have already cut way back may be a full stop.Marathon Petroleum Corp. will idle its Gallup, New Mexico, refinery and related assets April 15, the company said. It’s the first U.S. facility to shut as the coronavirus pandemic empties skies of passenger planes and the roads of cars.It’s not likely to be the last. Major U.S. refiners, including Marathon, Valero Energy Corp. and Phillips 66, have lowered rates at their facilities to be at or near minimum levels as storage tanks fill up with fuel they can’t sell. While that “minimum” level differs from company to company, and in fact from plant to plant, it’s seen typically somewhere around 60% to 65% of capacity. Below that, many facilities need to be idled.“If after cutting rates to a minimum, refiners are still unable to move their products, they are faced with the...
John McClain, Portfolio Manager at Diamond Hill Capital Management, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are faring amid the coronavirus outbreak....
(Bloomberg Opinion) -- The Federal Reserve is not leaving any corner of the U.S. bond market behind in this crisis.There’s no other way to interpret the central bank’s sweeping measures announced Thursday, which together provide as much as $2.3 trillion in loans to support the economy. It will wade into the $3.9 trillion U.S. municipal-bond market to an unprecedented degree, can now purchase “fallen angel” bonds from companies that have recently lost their investment-grade ratings, and has expanded its Term Asset-Backed Securities Loan Facility to include top-rated commercial mortgage-backed securities and collateralized loan obligations.The details matter. Here’s what’s new and significant for bond markets:Municipal Liquidity FacilityThis is new and close to what I’ve argued for over the past year. The Fed’s facility will buy muni debt directly from issuers that’s sold for cash-flow purposes and matures no later than 24 months from the date of issuance. I had figured that for simplicity the central bank would...
