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Stock Market Finishes Holiday-Shortened Week Higher

April 09, 2020 / www.schaeffersresearch.com

The Dow finished the the week up 12.7%The Dow finished the last day of the holiday-shorted week up over 280 points, losing some of its midday rally after Democrats in congress blocked McConnell's bid to unanimously add $250 billion in small-business aid. However, the Fed announced new programs directed at small and medium-sized business, totaling up to $2.3 trillion. This news was enough to out...Read More

Stocks Surge During Holiday-Shortened Week

April 09, 2020 / www.schaeffersresearch.com

Stocks chugged higher as the government responded to the coronavirus crisis with more funding While the first full trading week of April was a short one, it was jam-packed with market-moving headlines, which, for the most part, kept the major indexes chugging higher. On Monday, the Dow extended its Friday rally as news over slowing coronavirus cases in New York and Europe encouraged investors. Som...Read More

NexTech (@NexTech_AR) (#OTCQB: $NEXCF | #CSE: $NTAR) Earns Record-Breaking #Revenue & Gross #Profit for March [...

April 09, 2020 / twitter.com

"NexTech (@NexTech_AR) (#OTCQB: $NEXCF | #CSE: $NTAR) Earns Record-Breaking #Revenue & Gross #Profit for March [https://t.co/CpfJQqFnEC]#investing #stocks #stockmarket #trading #investors #news #investing #business #covid19 #coronavirus #VR #AI #virtualreality #augmentedreality"Read full newsRead More

Bank Stocks Ease Investors Back Into Earnings Season

April 09, 2020 / www.schaeffersresearch.com

Bank stocks will kick off earnings season next week Investors will return from a long weekend to the start of yet another earnings season, with bank stocks taking center stage this week. Blue chips JPMorgan Chase (JPM) and Goldman Sachs (GS) will start it off, while sector peers Morgan Stanley (MS) and Wells Fargo (WFC) will also attract investor's attention. Dow component and healthcare issue Uni...Read More

BLK Stock Pops on Deal with Microsoft

April 09, 2020 / www.schaeffersresearch.com

BlackRock's massive Aladdin software will be hosted on Microsoft's platformLast night BlackRock, Inc (NYSE:BLK) announced Aladdin, its investment management and operations platform, will be hosted on Microsoft's (MSFT)Azure cloud network. In response, Deutsche Bank hiked its price target to $478 from $462, and Jefferies moved to $525 from $514. At last check, BLKis up 6.1% to trade at $478.24.BLK...Read More

Stitch Fix Stock Surges Despite Pulled Guidance

April 09, 2020 / www.schaeffersresearch.com

The company pulled their quarterly and full-year outlookStitch Fix Inc (NASDAQ:SFIX) is up 23% to trade at $16.68, despite at least three analysts cutting their price targets today, including one to $11 from $15 from Piper Sandler. This surge came after SFIX became the latest company to pull its third quarter and full-year outlook due to the coronavirus outbreak. However, the e-tailer stated thei...Read More

#Fed Unveils New Bailout Program, Will Provide Up To $2.3 Trillion In Loans To "Support Economy"

April 09, 2020 / www.zerohedge.com

In its latest unprecedented economic bailout program, the Fed on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economyRead full newsRead More

Avoid This Mining Stock Next Month

April 09, 2020 / www.schaeffersresearch.com

Rio Tinto's 40-day moving average has had bearish implications in the past Copper prices have taken a backseat to gold amid the global COVID-19 pandemic. That hasn't stopped mining stockRio Tinto plc (ADR) (NYSE:RIO) however, from joining in on the broad-market rally. RIO is up 31% since its March 23 bottom of $35.35, but this rally has taken the copper name to a trendline that, if history is any...Read More

Stocks Cruising Toward Sizable Weekly Wins

April 09, 2020 / www.schaeffersresearch.com

The Federal Reserve proposed an additional $2.3 worth of financial aidThe Dow Jones Industrial Average (DJI) is heading into the holiday weekend on a hot streak, up almost 400 points at midday. Today's rise comes after the Federal Reserve pumped another $2.3 trillion into businesses and revenue-pinched local governments. Fed Chair Jerome Powell, in a video press conference earlier, acknowledged...Read More

UPDATE 1-MMG declares force majeure on supply from Las Bambas #copper mine - sources

April 09, 2020 / reut.rs

Australia-based miner MMG Ltd has declared force majeure on copper concentrate supplies from its Las Bambas mine in Peru, four sources told Reuters on Thursday.Read full newsRead More

Zoom Stock Brushes Off Senate Warning

April 09, 2020 / www.schaeffersresearch.com

The U.S. Senate just warned its members against using Zoom as a video chat platform The U.S. Senate just advised its members against using popular video chat platform Zoom Video (NASDAQ:ZM) due to security concerns, asking them to find an alternative platform while working remotely. Zoom has addressed some of these security concerns by hiring Facebook's (FB) former security head Alex Stamos. Despi...Read More

Costco Stock Dips on Bear Note

April 09, 2020 / www.schaeffersresearch.com

Deutsche Bank cut its price target to $295 from $300Costco Wholesale Corp (NASDAQ:COST) is down 2% to trade at $299.76, after a price-target cut from Deutsche Bank to $295 from $300. The analyst stated that Costco's core same-store sales and U.S. comp sales for March fell short of their expectations, as stock-up strength faded and customers stayed home. COST has taken a number of volatile swings...Read More

Analyst Goes Bearish on Anthem Stock

April 09, 2020 / www.schaeffersresearch.com

Jefferies downgraded Anthem stock to "hold" from "buy," and cut its price target to $257After yesterday's pop for insurance providers, traders are pulling back from Anthem Inc (NYSE:ANTM) this morning. The stock is trading down 0.8% at $244.99 on a downgrade from Jefferies to "hold" from "buy." The analyst also cut its price target to $257 from $354, adding that the insurance stock is the most ex...Read More

Dow Futures Pivot Higher on Trillion-Dollar Fed Program

April 09, 2020 / www.schaeffersresearch.com

The Fed announced a $2.3 trillion lending plan for the economyIn the wake of yesterday's outsized gains, Dow Jones Industrial Average (DJI) futures fought their way into the black, after paring triple-digit losses from earlier this morning.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are sitting just below fair value, as investors unpack the 6.6 million rise in weekly jobless...Read More

Venzee Announces Significant Increase in Revenue Generating Work Orders due to COVID-19 Supply Chain Distress

April 09, 2020 / kincommunications.com

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") announces a significant increase in revenue-generating work orders for retail connections from its channel partners. As a result, the Company has a clear path to improved profitability, as work orders convert to revenue-generating integrations with retailers Amazon.com, Inc. (NASDAQ: AMZN), Mercado Libre (NASD...Read More

New: Real Vision's Daily Briefing, crypto quotes and INK Chat

April 09, 2020 / www.canadianinsider.com

Real Vision's Daily Briefing is now available on INK Ultra Money Free. Daily episodes are released between the New York close and Asia market open Monday to Friday (except holidays). You will hear from a wide range of Real Vision journalists who provide updates on both the coronavirus situation globally and the current state of markets. The format provides a valuable, down-to-earth assessment of...Read More

Can ASX 200 gold shares boost your returns amid the coronavirus crisis?

April 09, 2020 / dlvr.it

Amid the current coronavirus crisis, could these 3 ASX gold shares be a good long-term buy? The post Can ASX 200 gold shares boost your returns amid the coronavirus crisis? appeared first on Motley Fool Australia.Read full newsRead More

IN CASE YOU MISSED IT: 5 key stories from April 8

April 09, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Wednesday April 8 that are worth another look.World trade will fall by more this year than during the downturn brought on by the global financial crisis of 2008-09 as the impacts of the Covid-19 pandemic are felt.The fate of the steel world continues to hang in the balance: Numerous scrapyards have stopped operations, blast furnaces around...Read More

GLOBAL NICKEL WRAP: Premiums flat in all regions on Covid-19 influence

April 09, 2020 / www.metalbulletin.com

Nickel markets worldwide were holding steady in the week to Tuesday April 7 while the Covid-19 pandemic continued on an unpredictable path.Nickel premiums static in European marketUS sellers hold to existing offers despite higher freight costsChina sees little trading on lack of arbitrage opportunities.European premiums steady in subdued spot tradeEuropean nickel premiums remained stable in the we...Read More

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