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US Economy

Weekly Jobless Claims Show The Slowest Pace Of Decline Since Early April

Plus, former FDA Commissioner Dr. Scott Gottlieb said states seeing surges of new coronavirus cases are “on the cusp of losing control” of their outbreaks, Wirecard shares are down after the German payments company said auditors couldn’t confirm the existence of $2.1 billion of cash on its balance sheet, and Spotify shares are up after it inks another big podcast deal.

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Is IP’s 34% rally since March justified?

No matter what current market conditions are at any given time, the point of value-oriented investing is to find stocks that offer attractive long-term upside. For my approach, that means using a combination of valuation, fundamental strength, and technical analysis to filter through the thousands of stocks that are available. With investors seemingly anxious to […]

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NUE is up more than 50% since March – can it keep going?

If you pay attention to market news media, you’ll see a lot of different opinions about current events, what they mean for the economy, and therefore the markets. That’s true no matter whether the economy is growing or not, or whether the stock market is going up or down. I’ve learned to take the majority […]

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US Economy

Fed Chair Powell Expresses “Significant Uncertainty” About The Pace Of The U.S. Economic Recovery

Plus, retail sales jumped a record 17.7% in May, a sturdy from the University of Oxford showed a common anti-inflammatory drug proves to save lives among those sickest with COVID-19, and McDonald’s shares are slightly higher on improved sales in May.

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US Economy

Stocks Sink On Evidence Of A Second Wave Of The Coronavirus

Plus, Treasury Secretary Mnuchin said “we can’t shut down the economy again” for a second wave, weekly jobless claims came in at more than 1.5 million, and Regeneron said it started the first clinical trial of its coronavirus antibody treatment.

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AMC Shares Jump After The Movie Theater Operator Said It Plans To Reopen In July In Time For Summer Blockbusters

Plus, the OECD warned that the coronavirus has caused the worst recession outside wartime in 100 years, Starbucks expects to lose $3.2 billion in revenue in its fiscal third quarter, and Taubman shares are down more than -20% after Simon Property Group said it is terminating its deal to acquire the luxury mall owner.

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AstraZeneca Made An Approach To Gilead Sciences About A Possible Merger

Plus, Congressional Democrats unveiled a new bill to overhaul police practices in the U.S., the next coronavirus stimulus bill may depend on June’s jobs report, and Beyond Meat shares are rising after the alternative meat producer landed a distribution deal in China.

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May Jobs Report Shows Surprise 2.5 Million Gain in Payrolls

Plus, Vice President Pence said the Trump administration is working with Democrats in “good faith” on another round of coronavirus stimulus, airline stocks are soaring as hopes rise of a recovery for air travel, and JCPenney announced it’s closing more than 150 stores following its bankruptcy filing last month.

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Charles Schwab Shares Jump After Its TD Ameritrade Acquisition Clears Antitrust Hurdle

Plus, weekly jobless claims came in at 1.877 million, the FDA issued emergency use authorization for Roche’s blood test to identify those at risk of having the most severe immunological response to the coronavirus, and Simon Property Group is suing Gap for missed rent.

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Trump Administration Bans Chinese Airlines From Flying To The U.S. As Tensions Mount

Plus, ADP reported 2.76 million private payrolls were trimmed in May, Dr. Anthony Fauci warned a potential coronavirus vaccine may not provide long-term immunity, and another retailer looks poised to file for bankruptcy protection.

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US Economy

The U.S. Surpassed 100,000 Coronavirus Deaths

Plus, another 2.1 million Americans applied for unemployment benefits last week, Trump is expected to sign an executive order to crack down on liability protections for social media platforms, and Abercrombie shares are down after the mall-staple reported a 34% drop in sales in the first quarter.

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Merck Just Jumped Into The Coronavirus Vaccine & Treatment Fray

Plus, stocks are higher on optimism related to increased economic activity as economies continue to reopen, Autozone reported better-than-expected earnings, and Micron shares are up after an upgrade from Needham.

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