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Market Briefing For Monday, April 13
Article By:
Gene Inger
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Monday, April 13, 2020 4:23 AM EDT
'A bridge too far' - is the general view skeptics retain about the S&P run, while we believed it would likely sustain the move off 'The Inger Bottom' to Easter ideally, with some push higher.
World Risks Moving From Denial Into Anger As The Paradigm Of Loss Moves Forward
Article By:
Paul Hodges
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Sunday, April 12, 2020 8:26 PM EDT
False dawns are a normal feature of bear markets as investors continue to hope that the bottom has been reached. But the IMF's new warning suggests it may be years rather than months away.
Tesla Furloughs Half Of Its Entire US Sales And Delivery Staff
Article By:
Tyler Durden
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Saturday, April 11, 2020 5:58 PM EDT
The impacts of Tesla's previously announced furloughs are finally starting to rear their heads - in a big way. The company announced on Friday that about half of the company's entire U.S. sales and delivery staff would be affected
In this article: TSLA
Taking Stock Of The Earnings Picture Amid The Coronavirus Pandemic
Article By:
Sheraz Mian
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Saturday, April 11, 2020 5:42 PM EDT
Estimates have been coming down sharply as a result of the pandemic’s earnings impact. While the bulk of the estimate cuts are concentrated in Q2 and Q3, all of 2020 is now expected to suffer earnings declines relative to their year-earlier periods.
Netflix Sees Uptick Demand As People Spend More Time At Home
Article By:
Elliottwave Forecast
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Friday, April 10, 2020 5:52 AM EDT
The novel coronavirus forces government around the world to implement various mitigation measures to flatten the contagion curve. Some of the popular introduce social distancing where people must stay at home as much as possible.
Expanding Automotive Industry Drives The Truck And Bus Radial (TBR) Tires Market
Article By:
Steve Blade
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Wednesday, April 8, 2020 1:16 PM EDT
The expanding automotive industry across the world, even penetrating to the emerging economies is boosting the demand in tire industry.
The Non-Pneumatic Tire Market Is Expected To Be Neither A Fragmented Nor Consolidated One
Article By:
Steve Blade
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Wednesday, April 8, 2020 12:00 PM EDT
Many companies such as Bridgestone, Hankook, and Michelin have introduced their non-pneumatic tires with the aim of mass production in the nearby future for defense as well as the civilian sector.
Tesla Furloughs Majority Of Workers, Cuts Employee Pay Through The End Of Q2
Article By:
Tyler Durden
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Wednesday, April 8, 2020 8:34 AM EDT
Despite somehow delivering 88,000 vehicles in Q1, Tesla came out on Tuesday and announced it was going to be furloughing all non-essential workers and implementing salary cuts due to the coronavirus outbreak.
In this article: TSLA
Exxonmobil Cuts Its 2020 Spending By 30%, With Oil Price Volatile Ahead Of Opec Meeting
Article By:
Adam Vettese
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Wednesday, April 8, 2020 5:41 AM EDT
On Tuesday, US oil giant ExxonMobil cut its planned spending for the year by 30%, dialing back its investment in shale, deep water and natural gas production. The announcement follows similar moves by rivals in recent weeks.
In this article: XOM Also: BA, BNO, CCL, JPM, ASOMY, DLAKF, ESYJY, HMSNF, RYCEY, TSCDY, DIA, OIL, SPY, BITCOMP, CYBBF, CNNWF, CVX
Hidden Gem Trade: Tupperware Brands Corp (TUP)
Article By:
Gareth Soloway
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Tuesday, April 7, 2020 1:48 PM EDT
With over 20% of the float short and prices near the dead lows, Tupperware Brands is a high-risk play but could see a surge to $4.35 as the hidden gem trade.
In this article: TUP
Stocks Continue To Rally, Despite UK Prime Minister In Intensive Care
Article By:
Adam Vettese
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Tuesday, April 7, 2020 6:54 AM EDT
Last night UK Prime Minister Boris Johnson was admitted to intensive care after his coronavirus symptoms worsened. Despite this concerning news, markets have continued their rally this morning with the FTSE 100 up over 3% and the Dax up 4.5%.
Cannabis Central's New Non-Penny Pot Stock Index Was UP 6.2% Monday Vs.2.9% For The Total Sector
Article By:
Lorimer Wilson
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Tuesday, April 7, 2020 3:38 AM EDT
The total cannabis sector of 319 stocks increased 2.9% on Monday compared to the new Non-penny Pot Stock Index which advanced 6.2%. All but 5 of the 32 constituents stocks in the NPSI went up.
Coronavirus Aftermath Bound To Create New Consumer Habits
Article By:
Stefan Popovski
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Tuesday, April 7, 2020 2:54 AM EDT
The new generation that will rise from the Coronavirus aftershock will likely be more inclined to save more and spend less rather than invest in the stock market, financial experts say.
Nike Is Dominating The World Cup - Here's Why
Article By:
Mark Fidelman
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Monday, April 6, 2020 10:03 AM EDT
If Nike’s investment in their World Cup campaign is an indication of what we can expect from big organizations in the future - that’s something we can all cheer for.
In this article: NKE
Johnson Hospitalised And US Futures Inch Higher As Investors Eye Pandemic Peak
Article By:
Adam Vettese
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Monday, April 6, 2020 5:47 AM EDT
British Prime Minister Boris Johnson was admitted to hospital for further tests last night, almost two weeks after testing positive for Covid-19. A spokesperson said that the tests are precautionary due to Johnson displaying “persistent symptoms.”