Dow 24K Above; Nasdaq Surge; PayPal All Time High; Peloton Shopify Spike; Jobless 14.7% Usa; And More | Stock Market Weekly Rundown


stock-market-weekly-rundown-may-10-2020

EXCLUSIVE

+ Dow Closes 24, 331
+ Nasdaq Wipes Out Losses Of 2020
+ PayPal All Time High;
+ Peloton & Shopify Shares Spike;
+ Papa John Has Best Month;
+ Jobless 14.7% Rate Usa;
+ US Treasury To Borrow $3T;
+ Sml Biz Confidence Lowest;
+ More below...

Dow Jones Industrial Average 
Daily Close

Monday 23,749 +26 pts
Tuesday 23,883 +133
Wednesday 23,664 −218 pts
Thursday 23,875 +211
Friday 24,331 +455 points

Nasdaq Composite (Nasdaq Composite: Google Finance)

Tech Excitement Euphoria

Nasdaq just wiped out all of its losses for 2020...

https://www.marketwatch.com/story/the-nasdaq-just-wiped-out-all-of-its-losses-for-2020--a-stunning-feat-in-the-aftermath-of-the-coronvirus-crisis-2020-05-07

The Nasdaq is now up for the year — here are the index’s best-performing stocks

https://www.marketwatch.com/story/the-nasdaq-is-now-up-for-the-year-here-are-the-indexs-best-performing-stocks-2020-05-07?mod=markets

Why Millennials Are Gravitating to the Nasdaq -100

https://www.nasdaq.com/articles/why-millennials-are-gravitating-to-the-nasdaq-100-2020-05-08

Stock Market  

Jumps From Low March 23 2020.. Pricier... 

Dow Jones Now Up 6,025 Points From March 23 Low

https://www.investors.com/market-trend/stock-market-today/dow-jones-vaults-6025-points-from-march-23-bottom-this-hot-stock-triggers-8-week-hold-rule/?src=A00220&yptr=yahoo

The stock market is pricier than it’s been since the dot-com bubble..

https://www.marketwatch.com/story/the-stock-market-is-pricier-than-its-been-since-the-dot-com-bubble-even-as-earnings-forecasts-continue-to-plunge-2020-05-06?mod=markets

America's Smallest Stocks Are Staging a Comeback

https://www.wsj.com/articles/americas-smallest-stocks-are-staging-a-comeback-11589103000

Crazy Trading on China's Nasdaq Has Its Own Logic

https://finance.yahoo.com/news/searching-hot-stocks-snow-isnt-220036473.html

US Jobless

Unemployment to 14.7%

https://www.cnn.com/2020/05/08/economy/april-jobs-report-2020-coronavirus/index.html

US Treasury, Small-Biz; Econ

US Treasury seeks to borrow a record $3 trillion this quarter

https://www.cnbc.com/2020/05/04/us-treasury-seeks-to-borrow-a-record-3-trillion-this-quarter.html

Small business confidence hits lowest recorded level: CNBC survey

https://www.youtube.com/watch?v=743WM2o9D9U

The U.S. economy may already have clawed back 5 million jobs of the 20-million-plus positions eliminated..

https://www.marketwatch.com/story/the-us-economy-may-already-have-clawed-back-5-million-jobs-despite-what-the-april-jobs-report-will-show-2020-05-07?mod=markets

Trump says US will start buying dairy, meat and produce from farmers amid supply chain disruptions

https://www.cnbc.com/2020/05/09/trump-says-us-will-purchase-3-billion-of-dairy-meat-and-produce-as-farmers-struggle-amid-pandemic.html

IPOs

5 New IPOs to Watch in the Early 2020s

https://finance.yahoo.com/news/5-ipos-watch-early-2020s-201008132.html

Reopening Headlines

Apple to reopen stores in US starting next week

https://www.youtube.com/watch?v=u4Jnu9iHTGA

NFL teams seeing high early ticket demand, agency SeatGeek says

https://www.cnbc.com/2020/05/08/nfl-ticket-demand-high-raiders-rams-lead-seatgeek.html

Greece says it'll reopen to tourists July

https://www.cnn.com/travel/article/greece-tourists-july-covid-19/index.html

Shanghai Disneyland Tickets Sell Out | And More #Reopening Headlines


Federal Reserve

Fed to conduct additional stress testing of Big Banks

https://www.youtube.com/watch?v=Tx5x_DJ_tSw

Fed says it will start buying corporate bond ETFs in early May

https://www.marketwatch.com/story/fed-says-it-will-start-buying-corporate-bond-etfs-in-early-may-2020-05-04

Fed Officials Cautiously Eye Return to Growth in 2020 2nd Half

https://www.wsj.com/articles/fed-officials-cautiously-eye-return-to-growth-in-years-second-half-11588710401

The Fed's experiment with junk bonds is about to begin

https://www.cnn.com/2020/05/04/investing/fed-junk-bonds-etfs-debt/index.html

ECB

GER Court May Ruin Bond Holder Bailouts In Europe..

German court calls on ECB to justify bond-buying programme...
..Bundesbank told to halt participation unless central bank shows policy ‘proportionate’

https://www.ft.com/content/a1beda5e-5c2d-429e-a095-27728ed2d72b

Paul Krugman

Why Stocks Are Rising While Economy Crashes: Krugman (Radio)

https://www.bloomberg.com/news/audio/2020-05-06/why-stocks-are-rising-while-economy-crashes-krugman-radio

Roubini

Nouriel Roubini Sees a Bad Recovery, Then Inflation, Then a Depression

https://www.bloomberg.com/news/articles/2020-05-04/nouriel-roubini-sees-a-bad-recovery-then-inflation-then-a-depression

Kevin O’Leary

If Elon Musk pitched Tesla on ‘Shark Tank,’ ‘I would’ve said no’

https://www.cnbc.com/2020/05/07/why-kevin-oleary-wouldnt-have-given-musk-a-tesla-deal-on-shark-tank.html

Ferrari

Ferrari is now worth more than General Motors and Ford

https://www.cnbc.com/2020/05/04/ferrari-is-now-worth-more-than-general-motors-and-ford.html

Peloton

"Red-Hot Earnings"...

https://www.bloomberg.com/news/articles/2020-05-07/peloton-s-red-hot-earnings-show-at-home-benefit-is-here-to-stay

Peloton Stock Is Up 55% This Year as Bike Demand Continues

https://www.marketwatch.com/articles/peloton-stock-is-up-55-this-year-strong-demand-for-its-exercise-equipment-may-be-here-to-stay-51588894397?mod=markets_seemore

Losses

Super Global Lockdown Creates Corporate Red Ink, Gives Billion Dollar Blows

KKR posts $4.2bn net loss as investment portfolio hit

https://www.ft.com/content/ef7890c3-3b75-4c5f-ba7b-f998b0cd366c

Norwegian Cruise Line says there’s ‘substantial doubt’ about its ability to continue as a ‘going concern’

https://www.cnbc.com/2020/05/05/norwegian-cruise-line-says-theres-substantial-doubt-about-its-ability-to-continue-as-a-going-concern.html

Norwegian Cruise Line CEO talks cruise bookings, raising $2 billion ...

https://www.youtube.com/watch?v=K-wifrqzWIY
"Avis borrows at 10.5% coupon, Norwegian Cruise seeking 12.5%"
"Royal Dutch Shell, Danske Bank lead those in European market"
Junk-Bond Sellers Desperate for Funding Swallow Yields over 10%

https://www.bloomberg.com/news/articles/2020-05-05/indonesian-borrowers-bring-dollar-bond-deals-to-boost-buffers

GM Offers Junk-Like Yields in Fight to Stay Investment Grade

https://www.bloomberg.com/news/articles/2020-05-07/general-motors-selling-bonds-in-latest-move-to-boost-liquidity

Rupert Murdoch gives up bonus after News Corp post $1 bln loss

https://finance.yahoo.com/news/rupert-murdoch-gives-bonus-news-061413427.html

Dividends 

Total keeps dividend..

https://www.ft.com/content/b2d2d786-102e-4de2-aba7-f3519309ddcf

PepsiCo raises dividend by ~7%

https://seekingalpha.com/news/3569571-pepsico-raises-dividend-7

These 19 Big Stocks Raise Their Dividends Despite Cv...

https://www.investors.com/etfs-and-funds/sectors/sp500-big-companies-confidently-raise-dividend-amid-coronavirus/

Realty Income Q1 beats; collects 82.9% of April rent

https://seekingalpha.com/news/3568589-realty-income-q1-beats-collects-82_9-of-april-rent

Stock 
Market
Calls

Cramer: Tesla is an industry standout, stock will go much higher

https://www.cnbc.com/video/2020/05/05/cramer-tesla-is-an-industry-standout-stock-will-go-much-higher.html

Bottom In?

‘We’ve seen the lows in March’ for the stock market, says man who called Dow 20,000 in 2015, ‘and we will never see those lows again

https://www.marketwatch.com/story/weve-seen-the-lows-in-march-for-the-stock-market-says-man-who-called-dow-20000-in-2015-and-we-will-never-see-those-lows-again-2020-05-08?mod=MW_article_top_stories

Analyst who called the March bottom says current pullback is just a bull-market pause

https://www.marketwatch.com/story/analyst-who-called-the-march-stock-market-low-says-pullback-is-just-a-bull-market-pause-2020-05-04

Moving Down?

Renowned short seller Carson Block Says Stocks Will Sink, Valuations Make No Sense

https://finance.yahoo.com/news/carson-block-sees-plunge-stocks-100000799.html

This is the trap awaiting the stock market ahead of a grim summer, warns Nomura strategist

https://www.marketwatch.com/story/this-is-the-trap-awaiting-the-stock-market-ahead-of-a-grim-summer-warns-nomura-strategist-2020-05-05

Art Cashin

Art Cashin says the recent stock market bounce is premature

https://www.cnbc.com/2020/05/08/art-cashin-says-the-recent-stock-market-bounce-is-premature-and-heres-why.html

Economy Calls

Professor with perfect record calling recessions is betting this one will be over by the end of 2020

https://www.marketwatch.com/story/economic-expert-with-perfect-record-calling-recessions-is-betting-this-one-will-be-over-by-the-end-of-2020-2020-05-06

Tech Stocks, 
FAANG stocks, 
App Stocks, Social Media Sites, 
Cloud, 
E-Commerce

Google

Eric Schmidt reportedly left Google in February

https://news.yahoo.com/eric-schmidt-leaves-google-201819195.html

Facebook

Facebook just launched its brand new site

https://www.cnbc.com/2020/05/08/how-to-get-new-facebook.html

Apple

Apple borrows $8.5 B..

https://www.marketwatch.com/story/apple-pulls-in-pricing-joins-record-corporate-debt-borrowing-spree-2020-05-04

Paypal

PayPal Now #AllTime #High..

PayPal, Square eye boost as crisis spurs online shopping shift

https://finance.yahoo.com/news/paypal-square-eye-boost-crisis-130204196.html

PayPal says May 1 was largest transaction day in its history

https://www.marketwatch.com/story/paypal-says-may-1-was-largest-transaction-day-in-its-history-but-first-quarter-results-fall-short-2020-05-06?siteid=yhoof2&yptr=yahoo

PayPal sees strong second quarter as online spending surges (May 6)

https://finance.yahoo.com/news/paypal-profit-slumps-covid-19-203638757.html

Square

Square advances 11% as Cash App profit surges

https://seekingalpha.com/news/3571306-square-advances-11-cash-app-profit-surges

Square challenges PayPal with Online Checkout

https://seekingalpha.com/news/3571397-square-challenges-paypal-online-checkout


shopify

Shopify

New Stores Created On Shopify Jump 62%...

https://www.pymnts.com/news/retail/2020/new-stores-on-shopify-jump-62-pct/

"revenues jump 47%"
Shopify surges as retailers rush online

https://www.ft.com/content/c6298fb5-48f2-4bf6-996b-b64bb26525a1

Shopify Reports Surprise First-Quarter Profit. Stock Is Now Up 82% in 2020

https://www.marketwatch.com/articles/shopify-reports-surprise-first-quarter-profit-stock-is-now-up-82-in-2020-51588777542

Now Becomes Canada’s Largest Stock..

https://finance.yahoo.com/news/shopify-sales-surge-businesses-shift-111446450.html

Shopify -3% after pricing share offering

https://seekingalpha.com/news/3572109-shopifyminus-3-after-pricing-share-offering

MercadoLibre

Latin America MercadoLibre Stock Soars On Quarterly Results For E-Commerce Leader

https://www.investors.com/news/technology/mercadolibre-stock-soars-quarterly-results/

Apps

Uber

Uber earnings post surprise jump in bookings, revenue, but losses widen to nearly $3B

https://finance.yahoo.com/news/uber-q1-earnings-2020-192459552.html

Uber shares gain as execs see ride recovery

https://seekingalpha.com/news/3571814-uber-shares-gain-execs-see-ride-recovery

Uber Eats Ditches Seven Countries, Subsidiary Careem Cuts Staff

https://finance.yahoo.com/news/uber-eats-ditches-seven-countries-185312722.html

Uber leads $170M investment in scooter company..

https://www.cnbc.com/2020/05/07/uber-leads-170-million-investment-in-scooter-company-lime.html

Lyft App

Lyft offers new cheaper rides with more waiting time

https://finance.yahoo.com/news/lyft-offers-cheaper-rides-more-133003854.html

California sues Uber and Lyft over gig economy law

https://www.ft.com/content/f0d13081-619d-4938-a048-a07f85ba98c1

Apps More

Robinhood App raises $280M, pushing its valuation to $8.3B

https://techcrunch.com/2020/05/04/robinhood-raises-280m-pushing-its-valuation-to-8-3b/

As investing apps boom, app "Public" doubles down on its social focus

https://techcrunch.com/2020/05/07/as-investing-apps-boom-public-doubles-down-on-its-social-focus/

Tech More

Twilio shares soar 25% on big jump in revenue

https://www.marketwatch.com/story/twilio-shares-soar-19-on-big-jump-in-revenue-2020-05-06?siteid=yhoof2&yptr=yahoo

Cloudflare Shares Tumble After Company Posts Bigger Net Loss

https://finance.yahoo.com/news/cloudflare-shares-tumble-company-posts-214914110.html

Online ad market is recovering..

https://www.marketwatch.com/story/online-ad-market-is-recovering-from-coronavirus-shock-but-little-else-is-clear-2020-05-05

FreshDirect co-founder said surge in online grocery shopping has led to more venture capital deals

https://www.cnbc.com/2020/05/04/freshdirect-co-founder-said-surge-in-online-shopping-has-led-to-more-venture-capital.html

Salesforce unveils Work.com, a suite of apps aimed at helping companies and governments navigate reopening offices

https://www.bloomberg.com/news/articles/2020-05-04/salesforce-unveils-tools-to-help-companies-safely-reopen-offices

Zynga sales jump more than 50% as homebound consumers play more mobile games

https://www.marketwatch.com/story/zynga-sales-jump-more-than-50-as-homebound-consumers-play-more-mobile-games-2020-05-06?mod=mw_latestnews&mod=home-page

Start-up gets $1 billion valuation virtually, as coronavirus shifts Silicon Valley hunt for IPO riches

https://www.cnbc.com/2020/05/05/start-up-hits-1-billion-virtually-as-virus-shifts-silicon-valley-riches.html

Streaming

ViacomCBS Jumps 16% on Surge in Streaming Viewers, YouTube Deal

https://finance.yahoo.com/news/viacomcbs-jumps-16-surge-streaming-141654202.html

TESLA

Tesla, Elon

Tesla shares are up more than 7% since Elon Musk said the stock was ‘too high’ [Friday May 08 2020]

https://www.cnbc.com/2020/05/08/tesla-shares-up-more-than-10percent-since-musk-tweeted-stock-was-too-high.html

Tesla stock rise appears to qualify CEO Musk for $700 million payday

https://finance.yahoo.com/news/tesla-stock-rise-appears-qualify-223403792.html

Elon Musk’s lavish LA mansions appear to be listed for sale days after he pledged to ‘own no house’

https://www.cnbc.com/2020/05/04/elon-musks-lavish-la-mansions-sale.html

Musk says Tesla is done with California

https://seekingalpha.com/news/3572392-musk-says-tesla-is-done-california

Tesla prepared to move out of California amid fight over factory shutdown, Musk tweets

https://www.cnbc.com/2020/05/09/elon-musk-says-tesla-will-move-its-headquarters-amid-fremont-factory-shutdown-due-to-coronavirus.html

Tesla files complaint in federal court claiming ‘no rational basis’ for factory shutdown

https://www.cnbc.com/2020/05/09/tesla-files-suit-against-californias-alameda-county.html

Elon Musk, Tech’s Cash-Poor Billionaire | WSJ

https://www.wsj.com/articles/elon-musk-techs-cash-poor-billionaire-11588967043?mod=itp_wsj&yptr=yahoo

Pizza

Papa John’s says April was its best month ever..

https://www.marketwatch.com/story/papa-johns-says-april-was-its-best-month-ever-with-pizza-delivery-and-papadia-flatbreads-boosting-sales-2020-05-07

Cargo

Some airlines are actually doing well. Their planes are full of cargo, not passengers

https://www.cnbc.com/2020/05/07/cargo-carriers-are-reaping-the-rewards-of-the-coronavirus-slowdown-in-air-travel.html

Thriving..

Business is booming for these 14 companies...

https://www.cnn.com/2020/05/07/business/companies-thriving-coronavirus-pandemic/index.html

Billionaire Corner

Billionaire Sam Zell Sees Economy Permanently Scarred by Pandemic

https://finance.yahoo.com/news/billionaire-sam-zell-sees-economy-120000487.html

5 Bucks Investing

Charles Schwab introduces stock slices service, allowing investment in S&P 500 stocks for $5

https://www.marketwatch.com/story/charles-schwab-introduces-stock-slices-service-allowing-investment-in-sp-500-stocks-for-5-2020-05-05

Gold

Investors make big bets on silver closing giant gap with gold

https://www.ft.com/content/0574157b-76bf-41f5-a7ba-336ac32fb3b8

'Far, far out dude' forecast..

Gold Price Forecast – Prices Could Exceed $10,000 This Decade

https://finance.yahoo.com/news/gold-price-forecast-prices-could-182022801.html

Oil

Oil Crash Busted Broker’s Computers and Inflicted Big Losses

https://finance.yahoo.com/news/oil-crash-busted-broker-computers-144834438.html

U.S. oil drilling sinks to 11-year low as rig count continues to plunge

https://seekingalpha.com/news/3572286-u-s-oil-drilling-sinks-to-11-year-low-rig-count-continues-to-plunge

Asia

China

China Liquor Giant Defies Global Slump With $60 Billion Rally

https://finance.yahoo.com/news/china-liquor-giant-defies-global-230000486.html

IPO

Kingsoft IPO raises $510 million, in first China IPO in U.S. since virus outbreak

https://finance.yahoo.com/news/chinas-kingsoft-raises-510-million-041149535.html

China Punters

Chinese Bank Tries to Calm Storm Over Investors' Oil Losses

https://www.wsj.com/articles/chinese-bank-tries-to-calm-storm-over-investors-oil-losses-11588764576

Raid

Singapore Police Raid Oil Trader After HSBC Allegations

https://finance.yahoo.com/news/singapore-police-raid-oil-trader-103307866.html

Korea's Samsung
"Vice-chairman Lee Jae-yong’s claim that family will release control over tech giant"
Samsung heir touts end to family dynasty

https://www.ft.com/content/17bc63ae-4a5b-48b7-811e-af37b8463a2f

India's Ambani 

Asia’s Richest Man Mukesh Ambani Scores $8 Billion In Less Than Three Weeks

https://www.forbes.com/sites/meghabahree/2020/05/08/asias-richest-man-mukesh-ambani-scores-8-billion-in-less-than-three-weeks/#17d1eb4474a7

Mergers

Liberty Global and Telef√≥nica agree £31bn deal to merge UK groups

https://www.ft.com/content/2b73a385-7218-47dc-83bf-18e6e3d5f8f4

popcorn

Drama

USA Gov. Top Money Boss vs. 
Big Band "Guns N' Roses"
Rocker Dude..

Twitter Drama..

Axl Rose Took Shots at Treasury Sec. Steve Mnuchin, Who Tried to Fire Back


AMC Universal Drama..

AMC bans Universal films in its theaters after studio goes digital with latest 'Trolls' release

https://www.youtube.com/watch?v=rr4nuLZ4HLA

Small-Biz Aid Drama..

Exclusive: U.S. companies got emergency government loans despite having months of cash

https://finance.yahoo.com/news/exclusive-u-companies-got-emergency-174451040.html

Stamps.com

Plunges 11% after earnings and revenue beat

https://www.marketwatch.com/story/stampscom-stock-plunges-11-after-earnings-and-revenue-beat-2020-05-07?siteid=yhoof2&yptr=yahoo

More
Headlines >>>

Lira hits record low as Turkey targets ‘manipulation’ by foreign banks

https://www.ft.com/content/1ed7e730-f77b-46c6-ae2b-a61f0532806e

Presidential Tweets Drive Volatility in Interest-Rate Options

https://www.wsj.com/articles/presidential-tweets-drive-volatility-in-interest-rate-options-11588615233

Ray-Ban's Owner Enters Crisis With Blurry Vision

https://www.wsj.com/articles/ray-bans-owner-enters-crisis-with-blurry-vision-11588681631

‘Fortunes are going to be made’ — Suze Orman shares her advice on investing...

https://www.marketwatch.com/story/suze-orman-on-investing-in-the-stock-market-amid-pandemic-just-do-it-2020-05-03

Live golf to return to TV: Rory McIlroy and Dustin Johnson will play in $3 million charity match..

https://www.marketwatch.com/story/live-golf-to-return-to-tv-rory-mcilroy-and-dustin-johnson-will-play-in-3-million-charity-match-for-covid-19-relief-2020-05-04

Thiel-Backed Firm Helps Ultra-Wealthy Trade Hedge Fund Holdings

https://finance.yahoo.com/news/thiel-backed-firm-helps-ultra-140000921.html

Buffett says negative interest rates could have 'extreme consequences'

https://finance.yahoo.com/news/buffett-says-negative-interest-rates-could-have-extreme-consequences-162529719.html

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Stocks/Bonds/Securities/Futures Contracts/ETFs: Non.

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Disclaimer

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Past performance does not or may not guarantee future results.
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Not stock analysis.
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