CrowdStrike Co-founder and CEO George Kurtz joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss the demands for his cybersecurity technology company, as more Americans are working from home during the coronavirus. ...
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 […]...
Despite my long-term bullishness, I concede that the wild swings in the markets have been discomfiting for my readers. Truly, we're witnessing an unprecedented response to this crisis that will impose both societal and economic scars. As you might expect, companies which are levered to consumer sentiment like Tesla (NASDAQ:TSLA) have taken a beating. At one point, TSLA stock was driving toward four-digit prices. Now, it's well off its record highs.Source: Sheila Fitzgerald / Shutterstock.com Nonetheless, with shares above $500, TSLA stock is actually one of the best-performing stocks of this year, up nearly 21%. That's remarkable considering that the Nasdaq Composite is still down about 15% year-to-date despite recent substantial momentum.On Wednesday, the Senate approved a historic $2 trillion stimulus package, designed to support floundering businesses and provide immediate relief to American families. And Friday it passed in the House of Representatives.InvestorPlace - Stock Market News, Stock Advice & Trading...
It has been a heck of a rally attempt this week on Wall Street. Still, was that price action anything more than a bear in bull's clothing? Let's take a look at what's happened in the market the past few days and how to prepare for the immediate and maybe less immediate future with three diverse and opportunistic stocks to trade.Over the past three sessions the tech-heavy Nasdaq Composite and broad-based, large-cap S&P 500 captured stunning gains of around 13% to 16% respectively. As the saying goes, one day doesn't make a trend. But after three good days, bullish investors may have something stronger going for them. But do they? And which stocks to trade, as a bull or bear, make sense right now?To answer those questions, investors should recognize this week's rally was preceded by the market's swiftest and most panicked oversold bear market in decades. As such, the well-deserved...
The global economic shutdown due to the coronavirus was a potential nightmare for Aurora Cannabis (ACB). The Canadian cannabis company is in the middle of cutting capacity and costs for the new reality in the market while trying to avoid running out of cash. A complete shutdown of cannabis stores would’ve crushed any remaining hope in financial improvements at the business, but the market has seen the opposite effect of the shutdown actually lead to a boost to cannabis sales as consumers stay at home.Booming SalesOn March 17, Canopy Growth (CGC) announced the closure of all 23 of their retail stores in Canada due to the Covid-19 outbreak. Since this point, sales have soared in Canada as consumers have rushed to purchase weed.Several provinces including Ontario and Quebec have deemed cannabis stores as essential while the Ontario Cannabis Store’s website had the director of communications confirm sales over the weekend doubled...
