Here’s the difference between jobless claims and the unemployment rate

Trucking News
Trucking News
3 Apr by Vitaliy Dadalyan

Industry-Leading Penn National Stock Is Far From a Gamble

To get a sense of just how volatile this market is, consider that Penn National Gaming (NASDAQ:PENN) stock has doubled from its lows. Yet, Penn National stock still is down 74% from its 52-week high.Source: Casimiro PT / Shutterstock.com The decline in PENN stock makes some sense. Casinos nationwide have been shut down amid the response to the novel coronavirus. Penn has a fair amount of debt on its balance sheet. It owes billions of dollars more in lease payments to Gaming and Leisure Properties (NASDAQ:GLPI), which Penn spun off in 2013, and Vici Properties (NYSE:VICI).But I've continually advised investors to take the long view in this market. Indeed, that's good advice for all of us as we navigate this unprecedented crisis.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPenn National stock is a good example of the potential opportunities available in a market that is only focused on the...
Trucking News
3 Apr by Vitaliy Dadalyan

The Great Recession Provides the Owners of Royal Caribbean Stock With Perspective

There is no way to describe Royal Caribbean Cruises's (NYSE:RCL) year without including the words "devastatingly poor." The coronavirus has brought RCL stock to its knees. In the first quarter of this year, the shares delivered a total return of -75%, more than double the loss of the U.S. stock markets as a whole. Source: Laszlo Halasi / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsLooking back at the cruise line's financial situation before and after the Great Recession will give investors some perspective on what to do during the current crisis. A detached look at the past shows that Royal Caribbean can overcome the current obstacles it faces. It might provide you with the information you need to determine if its shares are a good value play or a value trap. Where to Begin?Royal Caribbean's stock hit a low of $5.40 on Mar. 3, 2009. On Mar....
Trucking News
Trucking News
3 Apr by Vitaliy Dadalyan

After $50 Billion of Losses, No One Comes to Save the Mortgage Market

(Bloomberg) -- The market for mortgage-backed securities was in free fall, with fear running rampant and banks seizing collateral.So Tom Barrack, the chairman of real estate investment trust Colony Capital Inc., published an 1,800-word plea for the Federal Reserve to buy bonds backed by homes, cars and other assets and for banks to halt margin calls.That was last Saturday. In the week since, three top investors in the sector have engaged restructuring advisers, two others sold $7 billion of debt at a discount and publicly traded mortgage REITs in the U.S. lost more than $12 billion of market value, bringing total declines this year to at least $50 billion.The carnage shows no signs of abating. Prominent asset managers including Blackstone Group Inc., TPG and Apollo Global Management Inc. have been sucked into the vortex wrought by the coronavirus pandemic, with their associated mortgage REITs losing more than two-thirds of their value...