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Global markets are cautiously higher this morning after the release of more positive data on the vaccine front while US treasury yields are ticking higher as a risk-on attitude from investors persists. China’s Shanghai Composite Index appears to be leading the rally as the Asian benchmark advanced 1.1% at 3,414, followed by Singapore’s Straits Time…
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The IMF (International Monetary Fund) has warned of a “sharp adjustment” in markets even as it increased its 2020 global GDP growth forecast. Several other analysts have been warning about a stock market crash pointing to the soaring valuations despite the economic slump caused by the COVID-19 pandemic. IMF warns of a market crash “There…
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Billionaire investor and chairman of money manager Oaktree Capital Howards Marks sees value in “out of favor” investments like real estate and stocks in the hospitality and entertainment sectors. Howard Marks sees opportunity in beaten down sectors. Marks admitted that “It’s not easy to find opportunities today.” He added “You get to a point where…
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2020 has been a year of significant volatility in the global financial markets. Due to major events over the last two quarters, the world economy has rallied to try and negate the economic fallout. As a result, big fluctuations have been seen in cryptocurrency, stocks and bonds, minerals, oil, and other assets. The Forex industry has…
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Berkshire Hathaway revealed in its second-quarter filing it had repurchased a record $5.1bn of its shares, begging the question for many investors, should they follow Warren Buffett and buy the conglomerate’s stock? The previous quarterly record for Berkshire Hathaway’s repurchases was $2.2bn in the fourth quarter of 2019 taking its yearly total to $5bn. The…
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The dollar will go through a tough quarter because of America’s inability to contain the coronavirus pandemic, according to a top currency strategist. Brown Brothers Harriman’s Win Thin said: “This is one of the rare occasions when Europe will actually outperform the US,” Thin told CNBC’s “Trading Nation” on Thursday. He added: “The stars are…
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Todd Gordon, a managing director at Ascent Wealth Partners advised investors to avoid airline stocks due to their “terrible economics” hours before United Airlines reported its second-quarter earnings on Tuesday. Gordon said that airline companies have” high fixed costs” and “very little pricing power,” he told CNBC’s Trading Nation. Calling Delta Airlines “best in class,”…
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Several analysts are starting to lean towards other streaming companies since Netflix quarterly earnings failed to live up to expectations, as lockdown demand starts to evaporate. Gina Sanchez, chief executive of Chantico Global, told CNBC’s Trading Nation on Tuesday that she favors Disney’s (DIS) streaming service – Disney Plus – over Netflix at the moment,…
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Veteran Wall Street traders advise switching from Netflix to Alphabet citing concerns over Netflix’s business model and valuations. Netflix shares were down 8.5% in pre markets on Friday after its mixed second quarter earnings. While Netflix’s second-quarter revenues jumped almost 25% to $6.1bn and added more than 10 million subscribers in the three months to July,…
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Global stock markets have risen over the last week powered by strong gains in China amid strong economic data. However, analysts warn that a bubble is building that will eventually burst. China’s Shanghai Composite Index has gained 12% so far in July taking its year to date gains to almost 10%. China, which was the…
