Dow Under 24K; US Grocery Prices 40-Yr Spike; Fed Buys ETFs; Uber GrubHub Takeover Talk; GE 3-decade low | Stock Market Weekly Rundown
+ Dow Under 24,000;
+ US Grocery Store Prices 40-Yr Spike;
+ Fed Buys ETFs;
+ Uber Grubhub Takeover Talk;
+ GE 3-decade low;
+ Amazon AMC Buyout Rumour
+ eBay, Nvidia, JD.com
+ Elon Musk Drama
+ Stock Market Calls
+ FAANG Tech Stocks
+ More..
Dow
Daily Close
Monday 24,221 −109 pt
Tuesday 23,764 −457 pt
Wednesday 23,247 −516 pt
Thursday 23,625 +377 pts
Friday 23,685 +60 pt
US Grocery Store Prices 40-Yr Spike
April grocery store prices made highest jump in more than 40 years
https://www.usatoday.com/story/money/2020/05/13/grocery-store-prices-mark-biggest-increase-over-40-years/5181908002/
Fed Buys ETFs
Fed Buys $305 Million of ETFs..
https://www.bloomberg.com/news/articles/2020-05-14/fed-buys-305-million-of-etfs-at-start-of-historic-program?srnd=markets-vp
Uber takeover Grubhub
Uber is discussing a takeover deal with Grubhub for roughly $6 billion: report
https://finance.yahoo.com/m/aebc6b79-67cc-34bb-aa4e-3618371b3584/uber-is-discussing-a-takeover.html
Jim Cramer talks Uber's takeover bid for GrubHub: 'This would be a genius move'
https://www.youtube.com/watch?v=bFvhjy1IRqQ
Uber Brings $900 Million Bond Sale After Grubhub Deal Report
https://finance.yahoo.com/news/uber-sell-750-million-bonds-141800223.html
GE
GE stock tumbles toward 3-decade low..
https://www.marketwatch.com/story/ge-stock-tumbles-toward-3-decade-low-on-heavy-volume-2020-05-13
eBay, Nvidia, JD.com
eBay Soars to 52-Week High
https://finance.yahoo.com/news/ebay-ebay-soars-52-week-131501499.html
Nvidia Stock Hits Record High
https://www.investors.com/news/technology/nvidia-stock-hits-record-high-mellanox-acquisition/?src=A00220&yptr=yahoo
JD.com Jumps To New High..
https://www.investors.com/stock-lists/tech-leaders/jd-com-earnings-q1-2020-alibaba-rival-jd-stock/
Amazon buyout of AMC rumour
AMC Entertainment’s stock jumps after report Amazon expressed buyout interest
https://finance.yahoo.com/video/amc-entertainment-stock-jumps-report-192116225.html
FBI Probe
FBI seizes senator's phone in stock probe
https://news.yahoo.com/fbi-serves-warrant-senator-stock-015449810.html
Trump
Trump calls out ‘so-called rich guys’ speaking negatively about the stock market, alleges they are ‘betting big against it,’
https://www.marketwatch.com/story/as-dow-falls-500-points-trump-calls-out-so-called-rich-guys-speaking-negatively-about-the-stock-market-says-they-are-betting-big-against-it-2020-05-13?mod=MW_article_top_stories
US Economy
Nearly 40% of low-income workers lost their jobs in March
https://www.cnn.com/2020/05/14/economy/low-income-layoffs-coronavirus/index.html
US jobless claims rise to 36m since start of lockdowns
https://www.ft.com/content/0b582c93-2bec-46db-a6e3-e5026b3faeb0
US jobless surge is worse than in Europe..
https://www.ft.com/content/0a4f4bb0-94f7-11ea-af4b-499244625ac4
Trump’s grade on the economy tumbles to C
https://finance.yahoo.com/news/trumps-grade-on-the-economy-drops-from-b-to-c-142543596.html
Mortgage delinquencies caused by the coronavirus will exceed Great Recession levels, according to this forecast
https://www.marketwatch.com/story/mortgage-delinquencies-caused-by-the-coronavirus-will-exceed-great-recession-levels-according-to-this-forecast-2020-05-13
Record retail sales plunge..
https://finance.yahoo.com/news/stock-market-news-live-may-15-2020-221239498.html
Mega Spending
USA $3tn in additional stimulus
https://www.ft.com/content/d6d05487-5b02-436a-80a7-3d5966c63f47
Dividends
Dividends have disappeared this year. Will they ever come back? | CNN
https://www.cnn.com/2020/05/17/investing/dividend-payouts-after-coronavirus-recession/index.html
Investors deprived of income as companies slash dividends
https://finance.yahoo.com/m/7b150acb-e7f8-3b6f-8b65-6840e646f59f/investors-deprived-of-income.html
Airlines
Airline stocks take a dive after Boeing CEO warns of possible industry bankruptcy
https://www.marketwatch.com/story/airline-stocks-take-a-hit-after-boeing-ceo-warns-of-possible-industry-bankruptcy-2020-05-12
Fed
Negative Rates
Chairman says the Federal Reserve is not considering negative interest rates
https://www.cnbc.com/2020/05/13/powell-says-the-federal-reserve-is-not-looking-at-negative-interest-rates.html
“follow the Fed"
Investors Are Dumping Stocks for Bonds as Fed Buying Begins
https://finance.yahoo.com/news/fed-set-turbocharge-credit-billions-133826839.html
JPMorgan, Citi Left Out as Fed Began Historic Debt ETF Rescue
https://finance.yahoo.com/news/jpmorgan-citi-left-fed-began-194405497.html
Fed’s balance sheet nears $7 trillion mark
https://www.marketwatch.com/story/feds-balance-sheet-nears-7-trillion-mark-2020-05-14?mod=home-page
Fed attacked for failing to halt US bank dividends
...Ex-FDIC chief says central bank was ‘wrong’ to allow payouts to continue during pandemic
https://www.ft.com/content/f990f438-c0e5-4b7f-a514-a37f57e5420c
Recession, Depression
Fed Chairman says he's concerned about the possibility of a prolonged recession
https://www.youtube.com/watch?v=Sl__NCh3lMw
...Warns US recovery could take until end of 2021
https://www.ft.com/content/2ed602f1-ed11-4221-8d0b-ef85018c96ea
...Says GDP could shrink more than 30%, but he doesn’t see another Depression
https://www.cnbc.com/2020/05/17/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html
Fed's Bullard Says a Prolonged Shutdown Risks Bankruptcies, Depression
https://www.youtube.com/watch?v=Gmd8tLVcGMY
Paul Tudor Jones
Tudor Jones says this will be the 'Second Depression' if we remain in lockdown in a year
https://www.cnbc.com/2020/05/11/tudor-jones-says-this-will-be-the-second-depression-if-we-remain-in-lockdown-a-year-from-now.html
Buffett
Buffett's Berkshire prunes stakes in Goldman, JPMorgan
https://seekingalpha.com/news/3575265-buffetts-berkshire-prunes-stakes-in-goldman-jpmorgan
Dud stock picks, bad industry bets, vast under-performance — it’s the end of the .. era
https://www.marketwatch.com/story/dud-stock-picks-bad-industry-bets-vast-underperformance-its-the-end-of-the-warren-buffett-era-2020-05-14
Paul Krugman
Paul Krugman Says the Liquidity Trap Has Spread to Emerging Markets
https://finance.yahoo.com/news/paul-krugman-says-liquidity-trap-100000043.html
Kevin O’Leary
'Quality really matters' for investors in 2020: 'Shark Tank's' Kevin O'Leary
https://www.youtube.com/watch?v=C-BKrnSWLKs
Stock
Market
Volatility
We've seen a reduction in market volatility: Stifel's Barry Bannister
https://www.youtube.com/watch?v=qz89ZOVrjdc
Stock Market Calls; Stock Market Predictions; Stock Market Outlook; Stock Market Forecast; Buys And No Buys
Stock
Market
'Overvalued'
Mark Cuban says market 'overvalued'
https://www.youtube.com/watch?v=-8EjH_7-FxQ
This is the second-most overvalued market, behind only '99: David Tepper
https://www.youtube.com/watch?v=VLjQAP0hWJw
Jim Cramer
Jim Cramer: Charts suggest more pain is in store before market reaches a 'buyable bottom'
https://www.youtube.com/watch?v=XZxdEaNwnZo
Jim Cramer: The big chains will be the last survivors without more stimulus relief
https://www.youtube.com/watch?v=687NnoxCvAs
Jim Cramer: Chart action shows more upside in Nvidia, AMD and Qualcomm
https://www.youtube.com/watch?v=BKIYWSueOUI
Jim Cramer reveals his playbook to buy stocks in recent market weakness
https://www.youtube.com/watch?v=bJEp9caeIbI
Jim Cramer reveals three semiconductor stocks worth picking up into weakness
https://www.youtube.com/watch?v=yH4ad-xjQ2Q
Jim Cramer explains why bank stocks can't be bought amid .. crisis
https://www.youtube.com/watch?v=Mp0r4uDL8x8
Cramer's lightning round: 'You don't want to be around any company cutting dividends'
https://www.youtube.com/watch?v=9Of6bJCVszE
Jim Cramer reveals his playbook, says investors can start slowly buying stocks Thursday afternoon
https://www.cnbc.com/2020/05/13/jim-cramer-shows-playbook-for-investors-to-start-buying-stocks-thursday.html
Bottom Calls
Hedge fund legend Michael Novogratz says the bottom is in—even though he just got more negative
https://www.youtube.com/watch?v=TniO32itwWA
Buy?
Stocks will stage an epic rebound to all-time highs within 12 months, CFRA's Sam Stovall predicts
https://www.cnbc.com/2020/05/11/stocks-will-reach-record-highs-in-2021-cfras-sam-stovall-predicts.html
Moving Down?
His fund is already up 34% this year, and there’s more to come if the stock market crashes like he’s predicting
https://www.marketwatch.com/story/his-fund-is-already-up-34-this-year-and-theres-more-to-come-if-the-stock-market-crashes-like-hes-predicting-2020-05-10
First bonds, then stocks’ — Fund manager warns investors could get hit with two crashes by end of the year
https://www.marketwatch.com/story/his-fund-is-already-up-34-this-year-and-theres-more-to-come-if-the-stock-market-crashes-like-hes-predicting-2020-05-10
More
Stock Market Forecasts,
Predictions
Coronavirus Stock Market Forecast Based on Predictive Analytics
https://iknowfirst.com/coronavirus-stock-market-forecast-based-on-predictive-analytics-returns-up-to-79-62-in-1-month
The "CAPS" Prediction System and Stock Market Returns
https://www.hks.harvard.edu/centers/mrcbg/programs/growthpolicy/caps-prediction-system-and-stock-market-returns
Economy Calls,
Predictions, Forecasts
Druckenmiller Calls V-Shaped Recovery a Fantasy..
https://www.youtube.com/watch?v=s9FduUbvcXg
Stan Druckenmiller not buying this rally
https://seekingalpha.com/news/3573614-stan-druckenmiller-not-buying-this-rally
Investors should prepare for a U.S. ‘economic depression,’ warns Kyle Bass...
https://www.marketwatch.com/story/investors-should-prepare-for-a-us-economic-depression-warns-kyle-bass-but-chinas-fate-could-be-even-worse-2020-05-13?mod=MW_article_top_stories
Why a `Nike-Shaped' Economic Recovery Could Be on the Cards
https://www.youtube.com/watch?v=A6mbgFfYT28
Tech Stocks, FAANG stocks, Apps, Social Media Sites
DOJ, state AGs likely to bring antitrust suits against Google: WSJ
https://finance.yahoo.com/news/justice-department-state-ags-likely-203722175.html
Facebook snaps up Giphy for $400m
https://www.ft.com/content/27af7fff-8d44-4378-b90f-d0f83c66b00e
Apple
Apple’s China Sales Jump on Discounting, iPhone SE Debut
https://www.marketwatch.com/articles/apple-stock-china-iphone-se-debut-sales-discounting-market-share-51589298779
Apple buys virtual reality company
https://www.cnbc.com/2020/05/14/apple-buys-virtual-reality-company-nextvr.html
Apps
America Is Stuck at Home, but Food-Delivery Companies Still Struggle to Profit
https://www.wsj.com/articles/america-is-stuck-at-home-but-food-delivery-companies-still-struggle-to-profit-11589374801
Social Media
Twitter tells employees they can work from home ‘forever’
https://www.cnbc.com/2020/05/12/twitter-tells-employees-they-can-work-from-home-forever.html
Tech More
As the Nasdaq Soars, the Tech Trade Is Getting Crowded
https://www.marketwatch.com/articles/tech-stocks-are-getting-pricey-here-are-12-stocks-still-worth-buyingand-1-to-short-51588972462?mod=markets_seemore
Slice, an online ordering and marketing platform for pizzerias, raises $43M.. from KKR
https://techcrunch.com/2020/05/12/slice-series-c/
Trump tweet raises threat for Google, Twitter, Facebook
https://seekingalpha.com/news/3575344-trump-tweet-raises-threat-for-google-twitter-facebook
Work From Home New Trend
Work-from-home productivity pickup has tech CEOs predicting many employees will never come back to the office
https://www.marketwatch.com/story/work-from-home-productivity-gain-has-tech-ceos-predicting-many-workers-will-never-come-back-to-the-office-2020-05-15?mod=home-page
Elon Musk
Elon Musk Drama: 'If anyone is arrested, I ask that it only be me.' Elon Says Ready To Be Arrested; Tesla Reopens Cali. Plant; California AssemblyWoman Says 'F*** Elon'; Plus May Move To Texas
https://www.stockmarket-blog.com/2020/05/elon-musk-california-plant-drama-lorena-gonzalez.html
Elon Musk Calls ‘Jeopardy!’ Champ Ken Jennings a ‘Knucklehead’ in .. Twitter Feud
https://news.yahoo.com/elon-musk-calls-jeopardy-champ-220728546.html
Elon Musk gets support from Trump and local mayor after reopening Tesla plant
https://www.youtube.com/watch?v=UZ-FGsbJ67I
Gold
Gold above $1,700..
https://finance.yahoo.com/m/7718a0d8-b31f-37ed-80a2-14745e1755ba/gold-climbs-to-log-second.html
m REITs
Mortgage REITs Plunge Again
https://seekingalpha.com/article/4347325-mortgage-reits-plunge-again
Financials
Banks Are In Bear Mkt; Fin Stocks Bounce; Wells Fargo Up From 11-YR Lo
https://www.stockmarket-blog.com/2020/05/financials-banks-bear-market-bounce.html
Offerings
Big Companies Cashed In on Stock Rally With Flood of Offerings
https://finance.yahoo.com/news/big-companies-cashed-stock-rally-133606283.html
Drama
Small Biz Aid.. PPP Program
DOJ subpoenas big banks in PPP fraud probe - Reuters
https://seekingalpha.com/news/3575331-doj-subpoenas-big-banks-in-ppp-fraud-probe-reuters
Congressional committee demands these 5 public companies return crisis loans meant for small businesses
https://finance.yahoo.com/m/0f264c30-eaa7-373a-9fd6-1cbf4c9a27ac/congressional-committee.html
Flash Crash
10 YRs Ago.. An Historic Flash Crash
https://www.bloomberg.com/news/articles/2020-05-15/ten-years-before-the-coronavirus-crisis-an-historic-flash-crash
#Reopening
Disney, SeaWorld Surge on Florida’s Steps to Reopen Theme Parks
https://www.bloomberg.com/news/articles/2020-05-15/disney-seaworld-surge-on-florida-s-steps-to-reopen-theme-parks
Cruise stocks rally, as J.P. Morgan analysts says investor sentiment 'probably couldn't be worse'
https://www.marketwatch.com/story/cruise-stocks-rally-as-jp-morgan-analysts-says-investor-sentiment-probably-couldnt-be-worse-2020-05-15
Ford to restart production in North America on Monday
https://www.youtube.com/watch?v=d3he3e1OjSk
#Winners
Home-improvement, discount, drug stores are winners amid ... crisis..
https://www.youtube.com/watch?v=LTQMHVXYWbE
More
Headlines >>>
Young investors pile into stocks, seeing ‘generational-buying moment’ instead of risk
https://www.cnbc.com/2020/05/12/young-investors-pile-into-stocks-seeing-generational-buying-moment-instead-of-risk.html
European Stocks Post Worst Back-to-Back Losses in Two Months
https://finance.yahoo.com/news/european-stocks-post-worst-back-160938788.html
Yale Expands Stock Portfolio by More Than 300% in Market Plunge
https://www.bloomberg.com/news/articles/2020-05-13/yale-expands-stock-portfolio-by-more-than-300-in-market-plunge?srnd=markets-vp
GER Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank
https://finance.yahoo.com/news/thyssenkrupp-second-quarter-loss-widens-050354443.html
'Pokemon Go' maker Niantic tops FT list of high-growth companies
https://www.ft.com/content/76a8ae4c-75b6-11ea-90ce-5fb6c07a27f2
May brings heavy pullbacks in TV ad spending - WSJ
https://seekingalpha.com/news/3573469-may-brings-heavy-pullbacks-in-tv-ad-spending-wsj
Booking Holdings chief seeks government subsidies for travel
https://www.ft.com/content/b91b2cc8-b92c-426f-8bb7-e3f31b8a449e
AT&T boss retires with $274,000 a month for life
https://www.marketwatch.com/story/att-boss-retires-with-274000-a-month-for-life-2020-05-11?mod=MW_article_top_stories
Shoppers begin to shift from stockpiling to penny pinching at the grocery store
https://www.cnbc.com/2020/05/13/shoppers-shift-from-stockpiling-to-penny-pinching-at-the-grocery-store.html
Martin Shkreli denied in bid to be freed from prison
https://www.marketwatch.com/story/delusional-martin-shkreli-denied-in-bid-to-be-freed-from-prison-2020-05-17?mod=home-page
Costco eliminates 2 shopper limit and reopens food courts
https://www.today.com/food/costco-eliminates-2-shopper-limit-reopens-food-courts-t181704
Reports >>
RSS
Disclosure Area
Author's
Positions in
Stocks/Bonds/Securities/Futures Contracts/ETFs: Non.
Author's
Intent to Buy Any
Stocks/Bonds/Securities/Futures Contracts/ETFs
in The Next 7 Days:
Non At The Moment Of Writing.
Disclaimer
Important...
Past performance does not or may not guarantee future results.
The content of this blog post report is for informational purposes only and should not be interpreted as specific investment suggestion, or advice, or recommendation.
Not stock analysis.
All information including: videos; links; urls; news stories; headlines; stock market data; screenshots of data, is believed to be accurate at the moment of post and it is totally not guaranteed and is subject to change without notice.
Consult Professional Financial Investment Advice..