Month: March 2020

If some companies have a host of new issues to deal with following the unexpected trauma of a worldwide pandemic, then other companies have a brewing opportunity. Although you can probably count Roku (ROKU) as one of the most likely candidates to come near the top of such a list, the streaming platform hasn’t been immune to the coronavirus. Roku’s share price is down by 30% year-to-date. According to Wedbush analyst Michael Pachter, the recent share price decline has “reined in Roku’s usually lofty valuation,” and is the reason why the analyst reduced the price target from $115 to $86. …read more […]

Congress has just passed a stimulus package to attempt to counteract the economic havoc the coronavirus, or COVID-19, is unleashing on the U.S. economy. …read more […]

New unemployment claims surged to a record high last week, topping three million. But that staggering leap in joblessness likely understates the full damage the coronavirus outbreak has inflicted on the U.S. labor market, according to multiple economists. …read more […]

(Bloomberg) — Oil deepened losses as a U.S. government plan to buy oil for its emergency reserve fell through, adding to worries over demand destruction due to the coronavirus and a looming global supply glut.Futures in New York fell as much as 5.2% after the planned U.S. purchases were rescinded amid uncertainty over funding from Congress. The reversal comes as investors grapple with weakness across physical crude markets. There’s also growing worry of crippled demand from the pandemic with Goldman Sachs Group Inc. warning consumption would decline by almost 19 million barrels a day next month.Market gauges were already signaling …read more […]

Scott Clemons, Brown Brothers Harriman Chief Investment Strategist, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi, Heidi Chung and Dan Roberts to discuss how the markets are faring amid the coronavirus outbreak. …read more […]

Many major retailers say they can’t pay rent for the month of April — and they are asking their landlords for deferrals. …read more […]

On your mark, get set, go! The race is on to find an effective vaccine against COVID-19, the novel coronavirus that has spread to 471,000 people around the world and claimed more than 21,000 lives. According to the Coalition for Epidemic Preparedness Innovations (CEPI) chief executive Dr. Richard Hatchett, the current pandemic rivals the deadly 1918 Spanish flu, and thus finding a defense against the virus is of utmost importance. “There is a real sense of urgency…because the threat we are facing is unprecedented in the last 100 years in terms of its speed and potential severity,” he commented. …read more […]

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 […] …read more […]

MFA stock is up over 200% after deciding to cancel dividend payouts. MFA Financial (NYSE:MFA) made the announcement on March 25th due to the coronavirus outbreak and the uncertainty in the stock market.
This decision was made to give MFA time to assess how the stock market drop will affect their business overall. Since the press release, the company’s stock is surging in the right direction.
MFA Financial is a real estate investment trust that primarily invests in residential mortgage assets. This includes residential mortgage-backed securities and whole loans.

How Has the Announcement Affected MFA Stock?
Before the announcement on March 25th, MFA Financial …read more […]

Tom Essaye, The Sevens Report Founder, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]

Axon Enterprise, Inc. (NASDAQ:AAXN), which is in the aerospace & defense business, and is based in United States, saw… …read more […]