Good MorningEquity markets were faced with another brick for the proverbial “wall of worry” on Thursday. The IMF released its latest outlook for global economic activity and the outlook is dire. Due to the COVID-19 pandemic and its spread across the globe world GDP is expected to be near -5.0% in 2020, a record low.
Adding to the worry is growing sign the U.S. epidemic is getting out of control. Florida, one of the earliest states to reopen and one flooded by tourists, reported a record increase in new cases as did California.
Traders and investors are urged to be cautious. Today’s 2.6% pullback in equity prices may be the beginning of another major sell-off. If it is, be sure to have cash ready when the selling is over. The long-term outlook remains bullish, the pandemic will end sooner or later.
Featured: Sell these "safe" blue chips immediately (Ad) 
|
Markets | | Staying a few steps ahead of the latest stock market trends is one of the best ways to improve your profits. For example, being able to identify sectors that are either outperforming the overall market or ready to break out higher can end up paying nicely. One sector in the stock market had a pretty... Read the Full Story |
|
From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
|
Markets | | Restaurants have been among the biggest losers of the coronavirus pandemic. Forced to shudder their doors, the ability to offer curbside pickup and delivery has been a small consolation for many.
But Chipotle (NYSE: CMG) has bucked the trend. The fast-casual restaurant has been resilient in the fac... Read the Full Story |
|
Markets | |
In the last few months, advice from investment companies and brokerage firms and the like on when to “get back in the game” has flown hard and fast. We couldn't go much over a week without someone insisting that now was the time to “buy the dip”. Now, one more voice has kic... Read the Full Story |
|
From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
|
Markets | | Right From The Horses Mouth
I may be showing my age and/or upbringing by using adages like “straight from the horses” mouth but so what? For those in the know, it rings true and is a saying every trader should take to heart. After all, who better to know the fundamental condition of a c... Read the Full Story |
|
Markets | | Shares of PVH Corp (NYSE: PVH) has started to retreat on its Q1 2020 earnings miss and rising fears of a second wave of COVID-19 stifling demand for its popular Calvin Klein, IZOD, Geoffrey Beane, Heritage and Tommy Hilfiger brands. The restart narrative is underway with the majority of global regio... Read the Full Story |
|
From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
|
Markets | |
DraftKings (NASDAQ:DKNG), the world's top daily fantasy sports platform, has had little problem navigating the coronavirus pandemic. In fact, its thriving. But with American professional sports benched since early spring, how can this be?
At the onset of the COVID-19 outbreak, the stock's early 2... Read the Full Story |
|
Markets | | Beating The Estimates, And The Outlook Is Good
Smith & Wesson (SWBI) just reported a blow-out quarter, literally, and has the stock positioned for longer-term gains. The company's name was recently changed from American Outdoor Brands to Smith & Wesson Brands is the same great firearms comp... Read the Full Story |
|
Markets | | Spotify (NYSE: SPOT) surged more than 14% to all-time highs as it announced two more big podcast deals. This time, the company signed exclusive deals with Warner Brothers and Kim Kardashian West. These follow Spotify’s exclusive deal for Joe Rogan a few weeks ago, which sent shares up more tha... Read the Full Story |
|
Markets | |
When consumers are asked the question, Coke or Pepsi, it’s a matter of taste. But tastes are starting to change? It’s no surprise that carbonated beverages are starting to fall out of favor. Consumers are becoming more mindful of what they put into their body. And that’s meant th... Read the Full Story |
|
Markets | |
Whenever a new IPO hits the market, you can typically expect a volatile first few months of trading. This was true for Peloton Interactive (NASDAQ:PTON), a company that provides a unique and interactive fitness platform. However, after Peloton’s stock price stabilized after taking a beating ... Read the Full Story |
|
The Early Bird Stock Of The Day The Ensign Group, Inc. provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services. Its Standard Bearer segment is comprised of selected real estate properties owned by Standard Bearer and leased to skilled nursing and senior living operators. In addition, the company provides ancillary services consisting of digital x-ray, ultrasound, electrocardiograms, sub-acute services, dialysis, respiratory, and long-term care pharmacy and patient transportation to people in their homes or at long-term care facilities, as well as mobile diagnostics. It operates in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. The company was incorporated in 1999 and is based in San Juan Capistrano, California. | | View Today's Stock Pick |
|
