Find The Best Stocks With Perfect Trade Setups In Minutes A Day

Stop wasting time looking for the right stocks.  Free training on how to find perfect stock trades that can move 300-1,500%.  Learn the # 1 key to successful stock investing and how to find success even If the market is crashing, rebounding… or just going sideways. (ad)

Do Not Delay - Click Here Now

 

Stocks Sink Lower As President Trump Announces News Conference “On China” Today

Plus, New Jersey Governor Murphy said the state may have to layoff 200,000 due to a $10.1 billion revenue shortage amid the coronavirus crisis, GM will reopen its American plants starting Monday, and Nordstrom shares are down after the department store reported net sales fell 40% last quarter.

Stocks were lower to start Friday with the Dow down 197 points, or 0.8%. The S&P 500 fell 0.5%, while the Nasdaq traded 0.1% lower.


Hey, do you want to be the next stock market millionaire? This free training lays it all out for you! Check it out here.


President Donald Trump is today expected to hold a news conference “on China,” but did not give details on what would be discussed. The White House declined to comment on the content of the news conference, with advisors saying they didn’t want to get ahead of the president by discussing it ahead of time. Still, the announcement alone was enough to send markets lower. Trump is also expected to sign a measure sent by Congress that would punish Chinese officials for imprisoning more than one million Muslims in internment camps as he seeks to rebuke China for its crackdown in Hong Kong and response to the coronavirus.

Twitter isn’t backing down after Trump signed an executive order yesterday targeting the liability protections social media companies enjoy. The company slapped a “public interest notice” on a tweet Trump posted that it said violated its rules regarding the glorifying of violence. “We’ve taken action in the interest of preventing others from being inspired to commit violent acts, but have kept the Tweet on Twitter because it is important that the public still be able to see the Tweet given its relevance to ongoing maters of public importance,” Twitter said Friday morning. In the tweet in question, Trump said “when the looting starts, the shooting starts,” in reaction to the protests in Minneapolis over the death of George Floyd.

In coronavirus news, New York Mayor Bill de Blasio said he expects the city to begin reopening in the first two weeks of June. The city, which has been the hardest hit area in the country, still needs to meet a set of metrics required by the state and city before reopening, de Blasio said. New Jersey Governor Phil Murphy said that New Jersey may have to cut half of the state’s 400,000 public employees if the federal government doesn’t help it make up a $10.1 billion revenue shortage through June 2021 due to losses from the coronavirus shutdown. “I don’t think there’s any amount of taxes that begins to fill the hole” left by the coronavirus, Murphy told Bloomberg. “The alternative to not getting that funding is a whole lot of layoffs – we think as much as 200,000 or more.”

General Motors said that it plans to significantly increase production at its U.S. plants beginning Monday as part of a gradual reopening of its North American operations in the wake of the coronavirus pandemic. The automaker plans to return its American plants that produce its profitable pickup trucks to pre-coronavirus levels, and will begin to reopen a plant in Texas that builds large SUVs like its Chevrolet Silverado and Cadillac Escalade. “Our comprehensive safety procedures are working well, and our suppliers have done a great job implementing their return-to-work strategies and safety playbooks,” GM said in a statement. “We are now in a position to increase production to meet strengthening customer demand and strong dealer demand.”

Nordstrom shares are down more than -10% this morning after the department store retailer reported that net sales fell 40% in the first quarter, even as the company said that it is confident it remains in a strong financial position to weather the coronavirus storm. Around 40% of its department stores are now reopen for business after being forced to close in March, and said that it expects all stores to be open by the end of June. Nordstrom reported a loss of $3.33 per share on revenue of $2.12 billion in the first quarter. “We’re entering the second quarter in a position of strength, adding to our confidence hat we have sufficient liquidity to successfully execute our strategy in 2020 and over the longer term,” CEO Erik Nordstrom said in a statement.

Stocks We’re Watching

Arca Biopharma Inc (NASDAQ: ABIO): Arca Biopharma shares closed 386% higher yesterday after the biotech announced a new development program to evaluate its AB201 (rNAPc2), a potent, selective inhibitor of tissue factor (TF), as a potential treatment for COVID-19 associated coagulopathy (CAC) and the related inflammatory response. “During this global health crisis, we believe it is important to rapidly and collaboratively evaluate multiple technologies to address COVID-19 and the associated pathologic host responses,” said Arca’s President and CEO, Dr. Michael Bristow. “The combination of anticoagulation, anti-inflammatory effects and antiviral activity have the potential to make AB201 a unique therapeutic to treat patients afflicted with COVID-19 while vaccine development is underway and for patients for whom a vaccine is not effective. We believe this therapeutic approach may also have potential to address future outbreaks of diseases related to other RNA viruses.”

By the way, if you liked this article, you'll LOVE this Meaty free training I just published on the top 3 questions and challenges every investor faces AND how to overcome them. It's titled "10k into $2.4 Million in 18 months" and you can grab it for free here

There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses. Information provided by the Company is not investment advice. The Company is not a registered investment adviser, stock broker, or brokerage. You agree that the Company does not represent, warrant, or take responsibility that any account will or is likely to achieve profit or losses similar to those shown. Examples published by the Company are selected for illustrative purposes only. They are not typical and do not represent the typical results of all stocks within the Companys software or its individual scans and searches. No independent party has audited any hypothetical performance contained at this Web site, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified.

FREE TRADING WEBINAR - TRADERSPRO PRESENTS: Starting With Only $10,000 Retire With $2.4 Million? Click Here Now

Join Us Now
X