Dow 24K Above; Nasdaq Surge; PayPal All Time High; Peloton Shopify Spike; Jobless 14.7% Usa; And More | Stock Market Weekly Rundown
+ 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
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
New Stores Created On Shopify Jump 62%...
https://www.pymnts.com/news/retail/2020/new-stores-on-shopify-jump-62-pct/
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, 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
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 Telefónica agree £31bn deal to merge UK groups
https://www.ft.com/content/2b73a385-7218-47dc-83bf-18e6e3d5f8f4
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
PREVIOUS
ARTICLES
FACEBOOK
+ 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%"Junk-Bond Sellers Desperate for Funding Swallow Yields over 10%
"Royal Dutch Shell, Danske Bank lead those in European market"
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
Eric Schmidt reportedly left Google in February
https://news.yahoo.com/eric-schmidt-leaves-google-201819195.html
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
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, 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 Telefónica agree £31bn deal to merge UK groups
https://www.ft.com/content/2b73a385-7218-47dc-83bf-18e6e3d5f8f4
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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Past performance does not or may not guarantee future results.
The content of this blog post report is for informational purposes only and should not be interpreted as specific investment suggestion, or advice, or recommendation.
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