Well, that escalated quickly. The U.S. has now overtaken China as the "most infected" country in the world.
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| | Good morning. Well, that escalated quickly. The U.S. has now overtaken China as the "most infected" country in the world. One of the things about the tally of total COVID-19 cases is that it's based on how many people you test.
Increase the amount of people you're testing, and you'll find more cases. It's likely that even this elevated official count is close to one-tenth the actual number.
On the bright side, the mortality rate might be significantly less than 1%. As things escalate further, find things that make you happy and don't fear. | | | | | | | | | | DOW 22,552.17 | +6.38% | | | | S&P 2,630.07 | +6.24% | | | | NASDAQ 7,797.54 | +5.60% | | | | *As of market close | | • | Stocks rose 6.24% yesterday, as the Dow has its biggest 3-day rally since 1931. | | • | Oil traded lower by 5.84%, as U.S. government suspends plans to buy oil. | | • | Gold rose 0.78%, as the rush for gold eases. | | • | Cryptocurrencies traded higher, with Bitcoin finishing 0.9% higher closing at $6690. | | | | | | | | 3 Defensive Food Distribution Stocks that are Staging an Offensive | | | | As state and local officials continue to escalate measures they're taking to "flatten the curve" of the spread of COVID-19, people still need to eat. Right now, investors are feasting on these names from the Food Distribution industry.
Over the past week, this industry is up over 40% over the past week and is part of the Distribution Services industry group which topped the performance list on Thursday.
» FULL STORY | | | | | | Is the One Week Honeymoon Over for Cruise Lines? Option Traders Seem to Think So | | | | It's only been a couple of weeks since Norwegian Cruise Line Holdings (NCLH) and Royal Caribbean Cruises Ltd (RCL) announced that they were suspending all cruises from March 13 through mid-April.
As the cases of COVID-19 continue to increase, one wonders whether that is the best-case scenario for these companies. On Thursday, there were over 4000 27 MAR 20 $15 puts bought for $0.45 to $0.75 with only one day to expiration.
» FULL STORY | | | | | | Insiders Appear Exhausted Following the Recent Rally in this Fitness Company | | | | It was only late last year that Peleton Interactive, Inc (PTON) cut the cost of their subscription from $12.99 to $19.49 per month. It came at a good time as gyms around the country close and people are looking to get exercise.
Since the price break was announced, they've seen a five-fold increase in downloads. With that news, Hadley Harbor Master Investors, over a 10% owner in PTON, has sold close to 5 million shares in PTON since March 17.
» FULL STORY | | | | | | | TOP | | COTY | 24.164% | | | SYY | 17.152% | | | CFG | 16.996% | | | FITB | 16.869% | | | KEY | 16.701% | | | BOTTOM | | MAC | 10.737% | | | M | 10.136% | | | NCLH | 7.37% | | | GPS | 5.902% | | | LB | 5.671% | | | | | | | | | It took 67 days from the first reported case to reach 100,000 cases, 11 days for second 100,000 cases, and just four days for the third 100,000 cases. | | - Tedros Adhanom Ghebreyesus, WHO Director-General, quoted by CNBC | | |
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