Another day, another limit down even in the futures market overnight and another trading stoppage for the market following the cash open.
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 |  | Good morning. Last week was a wild ride and, to be honest, I'm looking forward to a less eventful week.
It would be nice to be able to sit idly by and watch equity prices glide higher as volatility gets sucked out of the market. The realities may not be so easily achieved, but we can dream. #IHaveaDream
| |  | |  |  |  |  |  |  | DOW 23,185.62 | +9.36% |  | |  | S&P 2,711.02 | +9.29% |  | |  | NASDAQ 7,874.88 | +9.35% |  | |  | | *As of market close |  | | • | Stocks rallied 9.29% higher, following Trump's state of emergency announcement. |  | | • | Oil popped 6.6%, on news of the Federal government added oil to the SPR. |  | | • | Gold dropped 4.6, as the U.S. dollar rallied strongly. |  | | • | Cryptocurrencies traded higher, as Bitcoin finished 16% higher to close at $5622. | |  | | | |  |  | | As the Coronavirus Empties the Public Square, these 3 Retailers are Vulnerable |  |  |  | While grocery stores are packed, the atmosphere in the malls is changing. One is driven by necessity and the other is more socially driven.
To put the risks in perspective, the impact of the COVID-19 on Chinese sales for Anheuser Busch InBev (BUD) and Starbucks Corp (SBUX) is said to have lost $285 million and $430 million respectively. Let's look more closely at three apparel retailers that have big exposure to a COVID-19 pandemic in the United States.
» FULL STORY |  | | |  |  |  | Did Bears Lose Control on Friday? Insider Buying Suggests They Are |  |  |  | Insiders don't necessarily have a crystal ball when it comes to the performance of their company's shares, but when significant shares are being bought and clustered with multiple insiders buying or selling, it could be considered significant.
According to Bloomberg, Insider buying just hit a nine-year high, which is a strong indication that their company is undervalued. The ratio of buying to selling is the highest since 2011 at around 1.5 and is still below the 2008 level above 2.5.
» FULL STORY |  | | |  |  |  | Option Sellers on this Department Store Aren't Banking on a Positive Effect from Coronavirus Stimulus |  |  |  | Macy's, Inc. (M) is one of the largest department stores in America, operating in 43 states, the District of Columbia, Guam and Puerto Rico. The potential impact of the coronavirus on Macy's looms large as they mostly operate in large malls that may risk closure. Macy's CEO, Jeff Gennette told investors on March 4, 2020 that they are closely monitoring the spread of the virus and the impact on its stores. See what option bears are trading.
» FULL STORY |  | | |  |  |  |  | | TOP |  | | LNC | 23.492% |  |  | | COTY | 23.333% |  |  | | AMP | 22.636% |  |  | | STT | 22.319% |  |  | | VTR | 21.776% |  |  | | BOTTOM |  | | NEM | 11.116% |  |  | | ZBH | 4.146% |  |  | | CPRI | 2.859% |  |  | | HPQ | 1.885% |  |  | | LEN | 1.594% |  |  | |  |  |  |  |  | | We believe oil demand could soon be contracting by close to 10 million barrels a day, with perhaps more to come…We haven't seen a demand event like this in history. |  | - Saad Rahim, chief economist Trafigura Group, quoted by Bloomberg |  | |
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