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 […]...
It's been an insane month for airlines stocks. Legacy carrier United Airlines (NASDAQ:UAL) has been no exception. UAL stock traded for $90 as recently as January. Last week, it sold for a low of just $18, amounting to an 80% loss of value in scarcely two months.Source: NextNewMedia / Shutterstock.com However, United's fortunes are back on the upswing. The Senate recently approved an emergency economic relief package by unanimous vote. The House of Representatives should vote on the bill in coming days as well.This aid package will provide tens of billions of dollars to the airline industry in the form of cash grants and loans. Traders have rushed to buy back into the airlines. United Airlines stock, for example, has doubled from its low point over the past week, though admittedly the current $33 price is far short of the previous $90 peak.InvestorPlace - Stock Market News, Stock Advice & Trading...
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 […]...
Jobs, wages, profits and dividends are all under siege for American oil companies. For years, Schlumberger (NYSE:SLB) stock was a stunner. That is, until mid-2014. Now, those glory days are long gone. Even when the price of oil powered its way up to $75 in October 2018, Schlumberger shareholders continued to suffer staggering losses.Source: Valentin Martynov / Shutterstock.com Today, a barrel of WTI crude oil is nowhere near $75. Schlumberger's dividend looks unsustainable. It's a big company but that has no guarantee of profitability going forward. There's more trouble ahead in all likelihood, and Schlumber stock gets a big fat "F" in my book. When the Drilling StopsAs I've mentioned recently, oil-services companies that took on huge amounts of debt during boom years are now struggling. The oil price has been halved and in some cases this means drillers stop drilling and exploration activity grinds to a screeching halt.InvestorPlace - Stock...
Answering questions from callers, former hedge fund manager and CNBC "Mad Money" host Jim Cramer revealed his favorite stock picks Thursday.5G Is KingSmartphone maker BlackBerry Ltd (NYSE: BB) is clearly not Cramer's favorite. Describing it as "absolutely nothing," he suggested a caller take their money if there's anything left and buy Marvell Technology Group Ltd (NASDAQ: MRVL) because "5G is king."Marvell Tech is engaged in the design, development and marketing of integrated circuits for communications-related markets.Another tech darling of Cramer's is Adobe Inc. (NASDAQ: ADBE)."Why not buy a big position in Adobe?" he said. "That company is great."Medical MarvelsGiven the coronavirus pandemic, it was no surprise that pharmaceutical and medical stocks were discussed.Cramer is positive on Intuitive Surgical Inc. (NASDAQ: ISRG) which he described as a "winner." The company develops, manufactures and markets robotic products used in minimally invasive surgeries. Their most well-known product is the da Vinci Surgical System."I love...
