The market zigzagged for a 3rd-straight session following a historically low employment report with the numbers missing forecasts by a landslide. Specifically, Nonfarm Payrolls for March sank -701,000, versus forecaats for a decline of 148,000, with the unemployment rate spiking to 4.4% from 3.5% and forecasts at 3.9%.The pullback wasn’t alarming as the major indexes have started to form a mini...
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The market closed out its worst quarter since the 2008 financial crisis with a down day with the U.S., Europe and other parts of the world still engulfed by the coronavirus pandemic. The March selloff represented a greater then 30% decline at its worst point during the quarter, but a roughly 15% rebound over the past week. The Russell 2000 traded down to 1,130 while settling at 1,153. Key...
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The market closed out its worst quarter since the 2008 financial crisis with a down day with the U.S., Europe and other parts of the world still engulfed by the coronavirus pandemic. The March selloff represented a greater then 30% decline at its worst point during the quarter, but a roughly 15% rebound over the past week. The Russell 2000 traded down to 1,130 while settling at 1,153. Key...
Continue reading >>Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
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The market closed out its worst quarter since the 2008 financial crisis with a down day with the U.S., Europe and other parts of the world still engulfed by the coronavirus pandemic. The March selloff represented a greater then 30% decline at its worst point during the quarter, but a roughly 15% rebound over the past week.The Russell 2000 traded down to 1,130 while settling at 1,153. Key support...
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