Germany will order 45 fighter jets from Boeing (NYSE:BA) to replace aging craft, Der Spiegel reports today. The country will order 30 F/A-18 Super Hornets and 15 EA-18G Growlers to replace aging Tornado jets, according to the report. The magazine said German Defense Minister Annegret Kramp-Karrenbauer mailed Defense Secretary
Summary A lot of people are buying USO to bet on a rebound in oil price. That’s the wrong vehicle to do it in. USO will suffer greatly in the near term due to the super contango we are seeing in the market. Cushing inventory
Summary Economic news remains very bad. The light economic calendar offers little of interest. Corporate earnings reports accelerate in the week ahead, but attention will center on the post-crisis outlook. Tracking market prospects requires a combination of science, economics, and political analysis. Only then can you
Summary This bear market has set a record in the rush to cash. Even top-quality preferred shares have felt the impact. These three picks all enjoy very strong balance sheets and substantial cash flow. They will be trading back above par before you know it.
Summary GILD surged to $84 Friday on the leak that University of Chicago Medicine’s head researcher in GILD COVID studies reported that GILD’s RDV (remdesivir) worked well. The data that Dr. Mullane reported to her colleagues suggests that RDV could be a “magic bullet,” honing
JPMorgan Chase & Co JPM.N could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive Officer Jamie Dimon said on Monday, even as the bank rolled out relief measures for customers and small businesses. The No.1 U.S. bank by assets could look at
If you look just at the chart, there are a lot of encouraging signs for stocks right now. The S&P 500 hit its low on March 23, exactly three weeks ago, and has recovered around half its losses in that short time. If this morning’s
Netflix NFLX shares soared to new highs Thursday, as investors clamor for stocks that are immune to the coronavirus economic downturn. Soon, all eyes on Wall Street will likely turn to the streaming TV giant when it reports its first quarter fiscal 2020 financial results after the