Month: April 2020

(Bloomberg) — Intel Corp. withdrew its full-year sales forecast, citing “significant economic uncertainty” caused by the Covid-19 pandemic. The company’s shares fell more than 5% in late trading.The world’s largest semiconductor maker reported a 23% jump in first-quarter revenue and better-than-projected profit, bolstered by demand for chips that run the laptops and server machines companies need to keep people working from home. Though it gave an optimistic second-quarter sales target, Intel’s profit outlook fell short of estimates, sparking concerns that a spending slowdown will drag on business for the rest of 2020.Sales in the current period will be about $18.5 …read more […]

Stock futures kicked off the overnight session roughly flat on the heels of a volatile trading day Thursday, with stocks whipsawed amid conflicting signals over the results of a clinical trial for a coronavirus antiviral treatment candidate. …read more […]

The stock market, as measured by the S&P 500 Index, is down more than 15% this year, even after the recent mega-rally.
Now, having said this, a select group of investors who positioned themselves early are looking forward to checking their brokerage accounts every morning, crash or no crash.
Why is that?
Because they invested – and are still investing – in the one asset that has outperformed the market by double and triple digits – even while the market is down. This one investment is outshining everything.
Oops… I gave it away!
As I’m sure you already know, gold has been on a tear. …read more […]

COVID-19 and its impact on the U.S. economy will remain front and center for market watchers Friday. …read more […]

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(Bloomberg) — Capital One Financial Corp. said it more than tripled reserves for souring loans from a year ago, prompted by the coronavirus pandemic and a drop in oil prices during the first quarter.The bank said it set aside $5.42 billion in provisions in the first three months of the year. The total allowance for credit losses increased due to “significant economic uncertainty” from the pandemic and “credit deterioration in the oil and gas industry.”“Capital One rapidly mobilized to respond to Covid-19 and the disruption it is causing,” Chief Executive Officer Richard Fairbank said Thursday in a statement announcing the …read more […]

Shares of Intel fell after hours on Thursday after the company released its first quarter earnings report which beat investors’ expectations. The Final Round panel breaks down the company’s earnings. …read more […]