Black & Decker said it would reduce any non-essential staff and decided to withdraw its 2020 forecast As the impact of COVID-19 continues to expand, Stanley Black & Decker, Inc. (NYSE:SWK) announced it will reduce non-essential staff, cut indirect spending by roughly $1.7 billion, and suspend any acquisition-related activity. The firm also said it will withdraw its previously-announced guidance fo...Read More
Shopify joined the many businesses withdrawing full-year forecasts on coronavirus uncertaintyShopify Inc (NYSE:SHOP) is joining the overwhelming number of businesses withdrawing their full-year forecast over uncertainties surrounding the coronavirus pandemic. The e-tail name said it still expects its first-quarter revenue and adjusted operating income --due out May 6 -- to be well above estimates,...Read More
Guggenheim downgraded DIS to "neutral" from "buy," and cut its price target to $100Entertainment giant Walt Disney Co (NYSE:DIS) is slipping this morning, down 0.8% at $95.65, after Guggenheim came in with a downgrade to "neutral" from "buy," and slashed its price target to a Street-low of $100 from $160. The analyst said Wall Street is "under-appreciating how long the parts and resorts business m...Read More
Oil prices are also rebounding todayAfter a historically rough start to the new quarter, Dow Jones Industrial Average (DJI) futures are trading slightly above fair value this morning.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also up before the open, but have given back more substantial gains as investors unpack weekly jobless claims that soared to 6.6 million, blowing p...Read More
As is often the case, Jim Rickards has been one step ahead of mainstream analysts through the entire COVID-19 crisis. He predicted it would be global catastrophe in early February, well before markets caught the fever. So what does Jim see happening next? The answer is unsettling: A complete monetary system shutdown. Starting in the US. Then spreading outwards. At the end of such a scenario, the e...Read More
The Coronavirus continues to move markets around the world through the worst weeks since the financial crisis. Governments and central banks have announced hundreds of billions of stimulus packages. Is that leading to a blow-off rally? "No question that markets were overbought before", says Jim Rogers (77). The American investor thinks: "The debt is skyrocketing in the end. I can't think of a sing...Read More
Marc Faber and the host cover subjects raging form the economy, central banking, government, investing, precious metals and currencies.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing D...Read More
Coronavirus-induced shockwaves are rippling through the world economy, causing tremendous damage that we are only just beginning to measure.Strangled global supply chains have caused supply shortages. A massive drop in demand has resulted from millions of customers forced to stay home under mandatory lockdown.Now come the job losses. 60% of companies have reported hiring freezes, while over 13% ha...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Doug Casey sorts through recent events in America to help us locate our place in this cycle and provide his best advice about how we can best respond.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial ana...Read More
"There's no question the United States missed the opportunity to get ahead of the novel coronavirus," he wrote. "But the window for making important decisions hasn't closed."Continue...Read More
From now on they will act like they have unrestricted access to a bottomless pool of money.Continue...Read More
Michael Oliver shares the latest from his momentum and structural analysis.Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
"I think we're going to get something that resembles that panicky feeling again during the month of April," Gundlach said as economic uncertainty in April will rise further.Continue...Read More
David HaggithThe banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can't have their bonuses.You would think the response to that would be a no-brainer: "O.K. Go ahead." Then just walk off. Watch,...Read More
By: Ira EpsteinGold's 18-dma at $1584 area, support. Bias in gold is up. Bollinger bands: $1717 / $1450Read More
Money manager Adrian Day reviews non-resource stocks from around the world, noting that although he is cautious on global markets right now, with a few exceptions, some of the stocks on his list will be rated good buys on any dips. Loews Corp. (L:NYSE, 33.70) reported a profit in the last quarter, driven by earnings at CNA Insurance and Boardwalk Pipelines, as well as investment income at the pa...Read More
In light of COVID-19, Liberty Gold states that it is proceeding safely, requiring workers to take certain health precautions. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) commenced a fully funded, 2020 exploration program at its Black Pine oxide gold property in Idaho on March 31, it announced in a news release. During this season, the company intends to focus on drilling the gold discoveries it mad...Read More