Author: JavaExchange

Stock-market investors are confident that the global economy can rebound quickly from the coronavirus epidemic, so much so that they are largely ignoring the sharp decline in corporate earnings under way in 2020 and focusing instead on performance in 2021, according to a research note by Goldman Sachs equity analyst David Kostin.

The focus on 2021 earnings helps partly explain, along with unprecedented fiscal and central-bank stimulus, the impressive performance of the major equity benchmarks in the context of the steepest economic contraction in nearly a century.

https://www.marketwatch.com/story/here-are-the-10-most-under-and-overbought-sp-500-stocks-according-to-goldman-2020-06-01?siteid=yhoof2&yptr=yahoo

The problem with any get rich quick scheme is you could go broke just as quick, very broke. If I could suggest an investment point to the public, death and taxes are the only guarantees I know. Case in point…

This year’s been a real grind for Luckin Coffee LK, +36.04% investors.

At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance.

So when the stock, which was already down 89% for the year, had its trading halted back in April amid an investigation into financial misconduct, the losses were felt far and wide.

But one retail investor with a PG-13 Reddit name took a particularly grievous hit.

https://www.marketwatch.com/story/italian-trader-loses-his-entire-life-savings-on-one-insanely-risky-position-2020-06-03?mod=investing

Using recent actions and grades from TheStreet’s Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Cirrus Logic Inc. recently was downgraded to Hold with a C rating by TheStreet’s Quant Ratings.

https://finance.yahoo.com/m/1b871b32-1488-35d0-84ad-f6621ca4c1c7/bearish-bets-2-stocks.html

Today the exchanges reacted to the surprising job numbers, 2 million jobs added market. Is the economic back on the pre-COVID uptick? The Exchange could be headed to a V shaped recovery. So, where is the champagne and caviar? To some the COVID-19 pandemic exposed a number of inequalities in the marketplace and country.

Protests over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week, have spread to dozens of cities in the United States and other world cities.

Floyd’s death, at the hands of a white police officer who knelt on his neck for nearly nine minutes, has reignited anger over longstanding social and economic inequality between the country’s white and black communities.

More than 40 million black people live in the United States, making up about 13% of the nation’s population.

https://www.weforum.org/agenda/2020/06/george-floyd-america-racial-inequality/?utm_source=sfmc&utm_medium=email&utm_campaign=2721639_Agenda_weekly-5June2020&utm_term=&emailType=Newsletter

NEW YORK — Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production cuts. Read More

Oil climbs 5% on U.S. jobless drop, OPEC+ meeting hopes — Financial Post

To investors, it makes sense. Stocks have surged more than 40% since late March because the worst damage from the coronavirus recession is in the past and the cavalry has arrived. The Federal Reserve is now propping up risky assets, Congress is flooding the economy with money and some of the millions of lost jobs seem to be returning.

https://www.yahoo.com/finance/news/the-stock-market-is-off-the-rails-184607575.html

Read More

InvestEco Announces $100M Final Close of the InvestEco Sustainable Food Fund III — Financial Post

Investor News – Fund Closure

Its burnt out buildings were once a bigger tourist attraction than its art museum, and in 2013 Detroit went bankrupt. Yet by last year it had been transformed, with a revived downtown filled with jobs and pricey condominiums — one of several fading industrial cities across the U.S. rust-belt that had managed to breathe new…

Detroit was on verge of reversing generations of structural racism and poverty. And then the pandemic hit — Financial Post

WASHINGTON — The United States is considering the option of welcoming people from Hong Kong in response to China’s push to impose national security legislation in the former British colony, U.S. Secretary of State Mike Pompeo said in remarks released on Monday. Read More

Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs — Financial Post

What Are FANG Stocks, And Should You Invest In Them?

The term FANG has been credited to CNBC’s “Mad Money” host Jim Cramer in 2013. Similar to the “PIIGS” which is an acronym for Portugal, Italy, Ireland, Greece and Spain, the FANG is short-hand for four of the most popular and used stocks in the market. If you are trying to decide where to begin building wealth consider FANG as a possible starting point.

Facebook (FB) dominates in online social networking and social media. Amazon.com (AMZN) rules the markets for e-commerce and cloud-computing infrastructure. Netflix (NFLX) has taken a huge lead in subscription video on demand. And Alphabet‘s (GOOGL) Google is the king of internet search.

https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp