|Day Low/High||144.60 / 146.64|
|52 Wk Low/High||114.04 / 187.72|
Money movers are not buying protection for individual names, but they are starting to bet against the market en masse, while the Russell 2000 ran up 4% on Monday.
Several U.S. companies could benefit as Wuhan and the rest of China appear to open for business.
Once again, there is no urgency to build long term positions.
This precarious rally came on the back of oil production cut talks, but the equity markets remain in a downtrend.
There are 5 things that I would like to see happen here.
The technology giant has been in bearish mode for quite some time and likely will need to rebase before the coast is clear to buy it.
In a 3-part series, Jim Cramer goes through all 30 Dow stocks to evaluate what is safe to buy and what you should sell or avoid (like the plague).
These Dow stocks all yield above 3.3% right now, but are they worth the risk?
The human cost of the virus is real, so don't overlook that, but also know the companies who are in a position to benefit.
At least days like today, when we're told the coronavirus has 'peaked,' show us exactly where the coiled springs really are.
That's the question my wife asked me recently -- here's my answer.
From Danielle DiMartino Booth: 3M's stock decline yesterday provided a prism into faltering global demand punctuated by announced job cuts in its auto and electronics divisions; 3M's forward guidance, coupled with expectations within Germany's IFO s...
This coronavirus remains a China-centric problem? People are not yet dying in other countries. Do we have to worry here? That's the wrong question.
The news coverage of the coronavirus may be too negative and sensationalistic, but that doesn't help us to quantify the ultimate impact.
Let's instead do the kind of security analysis you have to do if you are going to navigate this moment.
Let's see what traders and investors may be thinking or how they might be positioned.
Chinese President Xi Jinping, not a man given to exaggerate, has referred to the spread of this coronavirus in China as 'a grave situation.'
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Also: People's Bank of China, the Fed, U.S./China trade deal, Brexit, USMCA.
Let's review the charts and indicators to establish a new strategy for the new year.
It would be nice to think that perhaps Boeing might be on the right track, but we might be talking about trying to steer an iceberg here.
The purpose is not to shake you out, although it can feel like that; here's what's really going on.
Most important is that the Fed felt the need earlier this week to expand it's minimum offering for overnight repo operations, while also increasing the 14 day repos.
On the biggest day for earnings reports in the S&P let me give you my scorecard to date so you know which pile your stocks might land in.
Large-cap equity indices over a month have churned on lackluster interest outside of the high-frequency crowd, and the trucking and rail sectors are outperforming the indices this month.