We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]...
(Bloomberg) -- Almost 40% of oil and natural gas producers face insolvency within the year if crude prices remain near $30 a barrel, according to a new survey by the Federal Reserve Bank of Kansas City.Energy companies surveyed during the second half of March said they expect just 61% of firms to remain solvent this year if West Texas Intermediate crude stays at $30. That edges up to a 64% survival rate if prices rise to $40 a barrel, according to a report released Tuesday.“Expectations for future activity also fell to their lowest level since late 2014, as most firms do not expect energy prices to return to profitable levels this year,” said Chad Wilkerson, Oklahoma City Branch executive and an economist at the Kansas City Fed.The abysmal responses echo a similarly negative survey released by the Dallas Fed last week. While the Dallas bank’s district encompasses activity in America’s biggest...
A report from Politico reveals the President has removed the federal watchdog who was appointed to oversee the implementation of the stimulus plan. Yahoo Finance's Julie Hyman shares the details....
On CNBC's "Fast Money Halftime Report," Stephanie Link spoke about stocks she added to her portfolio.Link has been adding stocks she considers high quality names, for weeks and some weeks have been better than other. She tried to dollar cost average her portfolio hoping we're going to get through this pandemic in medium to long term.Link bought Wells Fargo & Co (NYSE: WFC), Coca-Cola Consolidated Inc (NASDAQ: COKE), Chevron Corporation (NYSE: CVX), Starbucks Corporation (NASDAQ: SBUX), Mcdonald's Corp (NYSE: MCD) and Raytheon Technologies Corp (NYSE: RTX) on their way lower.Wynn Resorts, Limited (NASDAQ: WYNN) is also an opportunity. She said it dropped from $150 to $40. It bounced back to around $63 and she believes it's going to trade higher in a year, along with other quality names.See more from Benzinga * Traders See JPMorgan As The Best Stock In The Sector * RNC Genter Capital CEO Likes Tech, Health Care,...
