Good Morning. You would have thought a recession would have been the catalyst for Facebook and..
| | Good morning.You would have thought a recession would have been the catalyst for Facebook and other social media companies to start the selling party, but it was advertiser's virtue signaling to their consumers.
Regardless of whether you agree or not with these companies taking these actions, the spending for many is through the election and the rest of 2020. This could take a bite out of profitability even before recessionary forces do. Now here's the rest of the news: | | | | | | | | The Real Reason Stocks Could Rally in 2020? | | | | | A Wall Street legend whom millions have seen on Fox Business, CNBC and Bloomberg TV just made a prediction that has stunned the business world. WARNING: What he says contradicts everything you're hearing from Wall Street and the Main Street media. If you want to see how to make a fortune in 2020, it's important you watch this interview right away.
| | | | | | DOW 25,015.55 | -2.84% | | | | S&P 3,009.05 | -2.42% | | | | NASDAQ 9,757.22 | -2.59% | | | | *As of market close | | • | Stocks fell yesterday, as the IMF downgrades global GDP. | | • | Oil fell 1.45%, as the increase in COVID cases stokes worries over demand. | | • | Gold rose 0.8%, as investors move to safe-haven assets. | | • | Cryptocurrencies traded lower, with Bitcoin finishing 0.96% lower closing at $9250. | | | | | | | | 3 Gold Stocks with a Breakout Week | | | | For over a month, the Federal Reserve has been reducing its asset purchases. Those reductions have led to the actual balance sheet of the Fed to decline for the last two weeks. This means that the Fed may need to reengage soon to help support the market and economy, which is exactly what gold is looking for and may be pricing in currently. As you break down the materials sector and include more than the S&P 500 companies, the Precious Metals industry really shined with nearly a 5% weekly advance. » FULL STORY | | | | | | Big Bearish Option Trade Placed on iShares US Real Estate ETF (NYSEARCA: IYR) | | | | The iShares U.S. Real Estate ETF (NYSEARCA: IYR) is a fund invests in real estate companies and REITs. As COVID-19 cases increase and weekly unemployment claims continue to run above expectations, it places real estate in a difficult position. After leveling off for a time, last week saw the numbers of people seeking forbearance increase by 79,000. As the uncertainty increases around the real estate sector, the option activity is picking up. » FULL STORY | | | | | | Insiders of TETRA Technologies, Inc (NYSE: TTI) Stock Significantly Increase Holdings | | | | With oil plateauing near $40, many energy sector companies have been struggling. For the week, the Energy sector was the worst performing sector in the S&P 500 as oil inventories continue to blow out to new highs. While analysts have been dour on their outlook, since June 22, 2020 there have been four insiders that have bought 617,068 shares for a value of $268,839 in TETRA Technologies, Inc (NYSE: TTI). » FULL STORY | | | | | | | TOP | | GPS | 18.799% | | | NTAP | 5.164% | | | FFIV | 3.9% | | | EBAY | 3.016% | | | CSCO | 2.41% | | | BOTTOM | | HBAN | 11.021% | | | KEY | 8.908% | | | COF | 8.771% | | | GS | 8.648% | | | RF | 8.584% | | | | | | | | | Continuing to advertise on these platforms (Facebook, Twitter and Instagram) at this time would not add value to people and society...We will revisit our current position if necessary. | | - Unilever public statement, quoted by BBC News | | | | The Real Reason Stocks Could Rally in 2020? | | | | | A Wall Street legend whom millions have seen on Fox Business, CNBC and Bloomberg TV just made a prediction that has stunned the business world. WARNING: What he says contradicts everything you're hearing from Wall Street and the Main Street media. If you want to see how to make a fortune in 2020, it's important you watch this interview right away.
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