Dow Under 24K; US Grocery Prices 40-Yr Spike; Fed Buys ETFs; Uber GrubHub Takeover Talk; GE 3-decade low | Stock Market Weekly Rundown

stock-market-weekly-rundown-may-18-2020

+ Dow Under 24,000;
+ US Grocery Store Prices 40-Yr Spike;
+ Fed Buys ETFs;
+ Uber Grubhub Takeover Talk;
+ GE 3-decade low;
+ Amazon AMC Buyout Rumour 
eBay, Nvidia, JD.com  
+ Elon Musk Drama
+ Stock Market Calls
+ FAANG Tech Stocks
+ More..

Dow 
Daily Close

Monday 24,221 −109 pt
Tuesday 23,764 −457 pt
Wednesday 23,247 −516 pt
Thursday 23,625  +377 pts 
Friday 23,685 +60 pt

US Grocery Store Prices 40-Yr Spike

April grocery store prices made highest jump in more than 40 years

https://www.usatoday.com/story/money/2020/05/13/grocery-store-prices-mark-biggest-increase-over-40-years/5181908002/

Fed Buys ETFs

Fed Buys $305 Million of ETFs..

https://www.bloomberg.com/news/articles/2020-05-14/fed-buys-305-million-of-etfs-at-start-of-historic-program?srnd=markets-vp

Uber takeover Grubhub

Uber is discussing a takeover deal with Grubhub for roughly $6 billion: report 

https://finance.yahoo.com/m/aebc6b79-67cc-34bb-aa4e-3618371b3584/uber-is-discussing-a-takeover.html

Jim Cramer talks Uber's takeover bid for GrubHub: 'This would be a genius move'

https://www.youtube.com/watch?v=bFvhjy1IRqQ

Uber Brings $900 Million Bond Sale After Grubhub Deal Report

https://finance.yahoo.com/news/uber-sell-750-million-bonds-141800223.html

GE

GE stock tumbles toward 3-decade low..

https://www.marketwatch.com/story/ge-stock-tumbles-toward-3-decade-low-on-heavy-volume-2020-05-13

eBay, Nvidia, JD.com  

eBay Soars to 52-Week High

https://finance.yahoo.com/news/ebay-ebay-soars-52-week-131501499.html

Nvidia Stock Hits Record High 

https://www.investors.com/news/technology/nvidia-stock-hits-record-high-mellanox-acquisition/?src=A00220&yptr=yahoo

JD.com Jumps To New High..

https://www.investors.com/stock-lists/tech-leaders/jd-com-earnings-q1-2020-alibaba-rival-jd-stock/

Amazon buyout of AMC rumour 

AMC Entertainment’s stock jumps after report Amazon expressed buyout interest

https://finance.yahoo.com/video/amc-entertainment-stock-jumps-report-192116225.html

FBI Probe

FBI seizes senator's phone in stock probe

https://news.yahoo.com/fbi-serves-warrant-senator-stock-015449810.html

Trump

Trump calls out ‘so-called rich guys’ speaking negatively about the stock market, alleges they are ‘betting big against it,’ 

https://www.marketwatch.com/story/as-dow-falls-500-points-trump-calls-out-so-called-rich-guys-speaking-negatively-about-the-stock-market-says-they-are-betting-big-against-it-2020-05-13?mod=MW_article_top_stories

US Economy

Nearly 40% of low-income workers lost their jobs in March

https://www.cnn.com/2020/05/14/economy/low-income-layoffs-coronavirus/index.html

US jobless claims rise to 36m since start of lockdowns

https://www.ft.com/content/0b582c93-2bec-46db-a6e3-e5026b3faeb0

US jobless surge is worse than in Europe..

https://www.ft.com/content/0a4f4bb0-94f7-11ea-af4b-499244625ac4

Trump’s grade on the economy tumbles to C

https://finance.yahoo.com/news/trumps-grade-on-the-economy-drops-from-b-to-c-142543596.html

Mortgage delinquencies caused by the coronavirus will exceed Great Recession levels, according to this forecast

https://www.marketwatch.com/story/mortgage-delinquencies-caused-by-the-coronavirus-will-exceed-great-recession-levels-according-to-this-forecast-2020-05-13

Record retail sales plunge..

https://finance.yahoo.com/news/stock-market-news-live-may-15-2020-221239498.html

Mega Spending

USA $3tn in additional stimulus

https://www.ft.com/content/d6d05487-5b02-436a-80a7-3d5966c63f47

Dividends

Dividends have disappeared this year. Will they ever come back? | CNN

https://www.cnn.com/2020/05/17/investing/dividend-payouts-after-coronavirus-recession/index.html

Investors deprived of income as companies slash dividends

https://finance.yahoo.com/m/7b150acb-e7f8-3b6f-8b65-6840e646f59f/investors-deprived-of-income.html

Airlines

Airline stocks take a dive after Boeing CEO warns of possible industry bankruptcy

https://www.marketwatch.com/story/airline-stocks-take-a-hit-after-boeing-ceo-warns-of-possible-industry-bankruptcy-2020-05-12

Fed

Negative Rates

Chairman says the Federal Reserve is not considering negative interest rates

https://www.cnbc.com/2020/05/13/powell-says-the-federal-reserve-is-not-looking-at-negative-interest-rates.html

“follow the Fed"

Investors Are Dumping Stocks for Bonds as Fed Buying Begins

https://finance.yahoo.com/news/fed-set-turbocharge-credit-billions-133826839.html

JPMorgan, Citi Left Out as Fed Began Historic Debt ETF Rescue

https://finance.yahoo.com/news/jpmorgan-citi-left-fed-began-194405497.html

Fed’s balance sheet nears $7 trillion mark

https://www.marketwatch.com/story/feds-balance-sheet-nears-7-trillion-mark-2020-05-14?mod=home-page

Fed attacked for failing to halt US bank dividends
...Ex-FDIC chief says central bank was ‘wrong’ to allow payouts to continue during pandemic

https://www.ft.com/content/f990f438-c0e5-4b7f-a514-a37f57e5420c

Recession, Depression

Fed Chairman says he's concerned about the possibility of a prolonged recession

https://www.youtube.com/watch?v=Sl__NCh3lMw

...Warns US recovery could take until end of 2021

https://www.ft.com/content/2ed602f1-ed11-4221-8d0b-ef85018c96ea

...Says GDP could shrink more than 30%, but he doesn’t see another Depression

https://www.cnbc.com/2020/05/17/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html

Fed's Bullard Says a Prolonged Shutdown Risks Bankruptcies, Depression

https://www.youtube.com/watch?v=Gmd8tLVcGMY

Paul Tudor Jones

Tudor Jones says this will be the 'Second Depression' if we remain in lockdown in a year

https://www.cnbc.com/2020/05/11/tudor-jones-says-this-will-be-the-second-depression-if-we-remain-in-lockdown-a-year-from-now.html

Buffett

Buffett's Berkshire prunes stakes in Goldman, JPMorgan

https://seekingalpha.com/news/3575265-buffetts-berkshire-prunes-stakes-in-goldman-jpmorgan

Dud stock picks, bad industry bets, vast under-performance — it’s the end of the .. era

https://www.marketwatch.com/story/dud-stock-picks-bad-industry-bets-vast-underperformance-its-the-end-of-the-warren-buffett-era-2020-05-14

Paul Krugman

Paul Krugman Says the Liquidity Trap Has Spread to Emerging Markets

https://finance.yahoo.com/news/paul-krugman-says-liquidity-trap-100000043.html

Kevin O’Leary

'Quality really matters' for investors in 2020: 'Shark Tank's' Kevin O'Leary

https://www.youtube.com/watch?v=C-BKrnSWLKs

Stock
Market 
Volatility

We've seen a reduction in market volatility: Stifel's Barry Bannister

https://www.youtube.com/watch?v=qz89ZOVrjdc

Stock Market Calls; Stock Market Predictions; Stock Market Outlook; Stock Market Forecast; Buys And No Buys

Stock
Market
'Overvalued'

Mark Cuban says market 'overvalued'

https://www.youtube.com/watch?v=-8EjH_7-FxQ

This is the second-most overvalued market, behind only '99: David Tepper

https://www.youtube.com/watch?v=VLjQAP0hWJw

Jim Cramer 

Jim Cramer: Charts suggest more pain is in store before market reaches a 'buyable bottom'

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

Jim Cramer: The big chains will be the last survivors without more stimulus relief

https://www.youtube.com/watch?v=687NnoxCvAs

Jim Cramer: Chart action shows more upside in Nvidia, AMD and Qualcomm

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

Jim Cramer reveals his playbook to buy stocks in recent market weakness

https://www.youtube.com/watch?v=bJEp9caeIbI

Jim Cramer reveals three semiconductor stocks worth picking up into weakness

https://www.youtube.com/watch?v=yH4ad-xjQ2Q

Jim Cramer explains why bank stocks can't be bought amid .. crisis 

https://www.youtube.com/watch?v=Mp0r4uDL8x8

Cramer's lightning round: 'You don't want to be around any company cutting dividends'

https://www.youtube.com/watch?v=9Of6bJCVszE

Jim Cramer reveals his playbook, says investors can start slowly buying stocks Thursday afternoon

https://www.cnbc.com/2020/05/13/jim-cramer-shows-playbook-for-investors-to-start-buying-stocks-thursday.html

Bottom Calls

Hedge fund legend Michael Novogratz says the bottom is in—even though he just got more negative

https://www.youtube.com/watch?v=TniO32itwWA

Buy?

Stocks will stage an epic rebound to all-time highs within 12 months, CFRA's Sam Stovall predicts

https://www.cnbc.com/2020/05/11/stocks-will-reach-record-highs-in-2021-cfras-sam-stovall-predicts.html

Moving Down?

His fund is already up 34% this year, and there’s more to come if the stock market crashes like he’s predicting

https://www.marketwatch.com/story/his-fund-is-already-up-34-this-year-and-theres-more-to-come-if-the-stock-market-crashes-like-hes-predicting-2020-05-10

First bonds, then stocks’ — Fund manager warns investors could get hit with two crashes by end of the year

https://www.marketwatch.com/story/his-fund-is-already-up-34-this-year-and-theres-more-to-come-if-the-stock-market-crashes-like-hes-predicting-2020-05-10

More 
Stock Market Forecasts, 
Predictions

Coronavirus Stock Market Forecast Based on Predictive Analytics

https://iknowfirst.com/coronavirus-stock-market-forecast-based-on-predictive-analytics-returns-up-to-79-62-in-1-month

The "CAPS" Prediction System and Stock Market Returns

https://www.hks.harvard.edu/centers/mrcbg/programs/growthpolicy/caps-prediction-system-and-stock-market-returns

Economy Calls, 
Predictions, Forecasts

Druckenmiller Calls V-Shaped Recovery a Fantasy..

https://www.youtube.com/watch?v=s9FduUbvcXg

Stan Druckenmiller not buying this rally

https://seekingalpha.com/news/3573614-stan-druckenmiller-not-buying-this-rally

Investors should prepare for a U.S. ‘economic depression,’ warns Kyle Bass...

https://www.marketwatch.com/story/investors-should-prepare-for-a-us-economic-depression-warns-kyle-bass-but-chinas-fate-could-be-even-worse-2020-05-13?mod=MW_article_top_stories

Why a `Nike-Shaped' Economic Recovery Could Be on the Cards

https://www.youtube.com/watch?v=A6mbgFfYT28

Tech Stocks, FAANG stocks, Apps, Social Media Sites

Google


DOJ, state AGs likely to bring antitrust suits against Google: WSJ

https://finance.yahoo.com/news/justice-department-state-ags-likely-203722175.html

Facebook

Facebook snaps up Giphy for $400m

https://www.ft.com/content/27af7fff-8d44-4378-b90f-d0f83c66b00e

Apple

Apple’s China Sales Jump on Discounting, iPhone SE Debut

https://www.marketwatch.com/articles/apple-stock-china-iphone-se-debut-sales-discounting-market-share-51589298779

Apple buys virtual reality company

https://www.cnbc.com/2020/05/14/apple-buys-virtual-reality-company-nextvr.html

Apps

America Is Stuck at Home, but Food-Delivery Companies Still Struggle to Profit

https://www.wsj.com/articles/america-is-stuck-at-home-but-food-delivery-companies-still-struggle-to-profit-11589374801

Social Media

Twitter tells employees they can work from home ‘forever’

https://www.cnbc.com/2020/05/12/twitter-tells-employees-they-can-work-from-home-forever.html

Tech More

As the Nasdaq Soars, the Tech Trade Is Getting Crowded

https://www.marketwatch.com/articles/tech-stocks-are-getting-pricey-here-are-12-stocks-still-worth-buyingand-1-to-short-51588972462?mod=markets_seemore

Slice, an online ordering and marketing platform for pizzerias, raises $43M.. from KKR

https://techcrunch.com/2020/05/12/slice-series-c/

Trump tweet raises threat for Google, Twitter, Facebook 

https://seekingalpha.com/news/3575344-trump-tweet-raises-threat-for-google-twitter-facebook

Work From Home New Trend

Work-from-home productivity pickup has tech CEOs predicting many employees will never come back to the office 

https://www.marketwatch.com/story/work-from-home-productivity-gain-has-tech-ceos-predicting-many-workers-will-never-come-back-to-the-office-2020-05-15?mod=home-page

Elon Musk

Elon Musk Drama: 'If anyone is arrested, I ask that it only be me.' Elon Says Ready To Be Arrested; Tesla Reopens Cali. Plant; California AssemblyWoman Says 'F*** Elon'; Plus May Move To Texas

https://www.stockmarket-blog.com/2020/05/elon-musk-california-plant-drama-lorena-gonzalez.html

Elon Musk Calls ‘Jeopardy!’ Champ Ken Jennings a ‘Knucklehead’ in .. Twitter Feud

https://news.yahoo.com/elon-musk-calls-jeopardy-champ-220728546.html

Elon Musk gets support from Trump and local mayor after reopening Tesla plant

https://www.youtube.com/watch?v=UZ-FGsbJ67I

Gold

Gold above $1,700..

https://finance.yahoo.com/m/7718a0d8-b31f-37ed-80a2-14745e1755ba/gold-climbs-to-log-second.html

m REITs

Mortgage REITs Plunge Again

https://seekingalpha.com/article/4347325-mortgage-reits-plunge-again

Financials

Banks Are In Bear Mkt; Fin Stocks Bounce; Wells Fargo Up From 11-YR Lo

https://www.stockmarket-blog.com/2020/05/financials-banks-bear-market-bounce.html

Offerings

Big Companies Cashed In on Stock Rally With Flood of Offerings

https://finance.yahoo.com/news/big-companies-cashed-stock-rally-133606283.html

Drama

Small Biz Aid.. PPP Program

DOJ subpoenas big banks in PPP fraud probe - Reuters

https://seekingalpha.com/news/3575331-doj-subpoenas-big-banks-in-ppp-fraud-probe-reuters

Congressional committee demands these 5 public companies return crisis loans meant for small businesses

https://finance.yahoo.com/m/0f264c30-eaa7-373a-9fd6-1cbf4c9a27ac/congressional-committee.html

Flash Crash

10 YRs Ago.. An Historic Flash Crash

https://www.bloomberg.com/news/articles/2020-05-15/ten-years-before-the-coronavirus-crisis-an-historic-flash-crash

#Reopening

Disney, SeaWorld Surge on Florida’s Steps to Reopen Theme Parks

https://www.bloomberg.com/news/articles/2020-05-15/disney-seaworld-surge-on-florida-s-steps-to-reopen-theme-parks

Cruise stocks rally, as J.P. Morgan analysts says investor sentiment 'probably couldn't be worse'

https://www.marketwatch.com/story/cruise-stocks-rally-as-jp-morgan-analysts-says-investor-sentiment-probably-couldnt-be-worse-2020-05-15

Ford to restart production in North America on Monday

https://www.youtube.com/watch?v=d3he3e1OjSk

#Winners

Home-improvement, discount, drug stores are winners amid ... crisis..

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


More
Headlines >>>

Young investors pile into stocks, seeing ‘generational-buying moment’ instead of risk

https://www.cnbc.com/2020/05/12/young-investors-pile-into-stocks-seeing-generational-buying-moment-instead-of-risk.html

European Stocks Post Worst Back-to-Back Losses in Two Months

https://finance.yahoo.com/news/european-stocks-post-worst-back-160938788.html

Yale Expands Stock Portfolio by More Than 300% in Market Plunge

https://www.bloomberg.com/news/articles/2020-05-13/yale-expands-stock-portfolio-by-more-than-300-in-market-plunge?srnd=markets-vp

GER Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank

https://finance.yahoo.com/news/thyssenkrupp-second-quarter-loss-widens-050354443.html

'Pokemon Go' maker Niantic tops FT list of high-growth companies

https://www.ft.com/content/76a8ae4c-75b6-11ea-90ce-5fb6c07a27f2

May brings heavy pullbacks in TV ad spending - WSJ

https://seekingalpha.com/news/3573469-may-brings-heavy-pullbacks-in-tv-ad-spending-wsj

Booking Holdings chief seeks government subsidies for travel

https://www.ft.com/content/b91b2cc8-b92c-426f-8bb7-e3f31b8a449e

AT&T boss retires with $274,000 a month for life

https://www.marketwatch.com/story/att-boss-retires-with-274000-a-month-for-life-2020-05-11?mod=MW_article_top_stories

Shoppers begin to shift from stockpiling to penny pinching at the grocery store

https://www.cnbc.com/2020/05/13/shoppers-shift-from-stockpiling-to-penny-pinching-at-the-grocery-store.html

Martin Shkreli denied in bid to be freed from prison

https://www.marketwatch.com/story/delusional-martin-shkreli-denied-in-bid-to-be-freed-from-prison-2020-05-17?mod=home-page

Costco eliminates 2 shopper limit and reopens food courts

https://www.today.com/food/costco-eliminates-2-shopper-limit-reopens-food-courts-t181704

More 
Reports >>



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Disclosure Area

Author's
Positions in
Stocks/Bonds/Securities/Futures Contracts/ETFs: Non.

Author's
Intent to Buy Any
Stocks/Bonds/Securities/Futures Contracts/ETFs
in The Next 7 Days: 
Non At The Moment Of Writing.

Disclaimer

Important...
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.
Not stock analysis.
All information including: videos; links; urls; news stories; headlines; stock market data; screenshots of data, is believed to be accurate at the moment of post and it is totally not guaranteed and is subject to change without notice.
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