Month: March 2020

Of late the Alpha Pro Tech (NYSEMKT:APT) share price has softened like an ice cream in the sun, melting a full 47… …read more […]

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we’ll… …read more […]

With the number of confirmed COVID-19 cases rising despite worldwide lockdowns and social distancing efforts, the biotech industry is taking action. In just two months since the first infection was reported in the U.S., the country’s total number of cases has surpassed both that of Italy and China, and the Trump administration is calling on names in the space to step in. The sector’s response? Challenge accepted. As the U.S. government pumped $8.3 billion into research as well as prevention efforts, several biotech companies have joined the fight against COVID-19. Among those battling the virus, one of TipRanks’ top …read more […]

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Novartis Chief Executive Vas Narasimhan said his Sandoz generics unit’s malaria, lupus and arthritis drug hydroxychloroquine is the company’s biggest hope against the coronavirus, Swiss newspaper SonntagsZeitung reported on Sunday. Novartis has pledged to donate 130 million doses and is supporting clinical trials needed before the medicine, which U.S. President Donald Trump also has been promoting, can be approved for use against the coronavirus. Other companies including Bayer and Teva have also agreed to donate hydroxychloroquine or similar drugs, while Gilead Sciences is testing its experimental drug remdesivir against coronavirus. …read more […]

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(Bloomberg) — For passengers on a Holland America Line cruise ship, a fun-filled voyage on the luxury liner is quickly turning into a nightmare with deteriorating conditions on board and fears of a full-blown coronavirus outbreak after four travelers died and two others were infected.“We are stuck on this death ship,” said Yadira Garza, who is on board with her newly-wed husband. “We are freaked out and terrified that we will be infected too. It’s just a matter of time if we stay on the ship.”Passengers on the Zaandam, currently off the coast of Panama, say they are desperate to …read more […]

High-profile investors from BlackRock Inc to billionaire William Ackman have turned more bullish on equities in recent days, as unprecedented stimulus from the Federal Reserve, a $2.2 trillion stimulus bill signed Friday, and a call by President Donald Trump to get the U.S. back to work in weeks rather than months sparked the biggest weekly rally in the Dow Jones Industrial Average since 1938. “People are trying to time the bottom and that’s indicative of an early bear market, when people have hope,” said Richard Bernstein, chief executive officer of Richard Bernstein Advisors. Bernstein said he was a …read more […]

(Bloomberg Opinion) — At the point we’re now at, postponing the oil-price war won’t make a lot of difference for an industry that’s already breaking down under the weight of demand destruction. It’s too late to use diplomacy and artful negotiations to share the burden of output cuts that are now inevitable.The pumping free-for-all unleashed by Saudi Arabia and Russia is important for the long-term shape of the oil industry, but, as my colleague Javier Blas pointed out here, it’s a sideshow to the havoc being wrought by the lockdowns crippling economies worldwide in response to the coronavirus pandemic. …read more […]

(Bloomberg) — The euro had its best week in more than a decade and that may be as good as it gets. Further gains could be hard to materialize as markets stabilize, with the dollar’s headwinds now largely priced in.Options traders see a near-term advance for the greenback, which often acts as a haven during crises, with the pandemic still raging. Meanwhile, the technical picture for the euro has become nuanced, with Fibonacci levels suggesting rallies may be capped, even as the relative strength index and Bloomberg’s fear-greed indicator hint at further gains.Add that quarter-end flows are seen as greenback-supportive …read more […]

(Bloomberg) — The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody needs the fuels they produce. In physical oil markets, barrels are already changing hands for less than $10, and in a few landlocked markets producers are paying consumers to take away their crude.“The physical oil market has seized up,” said Gary Ross, an influential oil watcher and chief investment officer of Black Gold Investors LLC. …read more […]

It’s another bearish start to the day for the majors. A Bitcoin move through to $6,300 levels would deliver support. …read more […]