Tesla Now Most Valuable Carmaker & Pfizer COVID-19 Vaccine Shows Promise – Daily Financial News Summary Wednesday July 1, 2020

Wednesday brought with it the start of a new quarter, which has started off strong. The Dow Jones rose by 0.16%, the S&P 500 by 0.7% and the NASDAQ by 0.98%.

Tuesday closed the second quarter of the year with a rally. This was the best overall quarter since 1998, second-best one in recorded history. From April to June, the S&P 500 rose by a near 20%, while the Dow Jones increased by 17.5% and the NASDAQ by 30%.

Pfizer’s Covid19 vaccine has shown significant progress in its trial phase. It has been proven that the drug is safe to use on humans, and it produces certain antibodies that fight against the virus. Although positive news, it is likely that a vaccine will not be available until 2021 at the earliest. The United States experienced 47,000 new cases on Tuesday, which is a new record. Pfizer’s stock was up by over 5% at the open.

ADP released a report showing that 2.37 million jobs were added back in June from private employees. This is lower than the anticipated 2.95 million increase in jobs. However, it is much higher than the over 3 million job losses America suffered in May.

READ MORE: https://callputstrike.com/2020/07/01/tesla-now-most-valuable-carmaker-pfizer-covid-19-vaccine-shows-promise-daily-financial-news-summary-wednesday-july-1-2020/

Market Insights: How to Protect Against Inflation

The cost of living has been steadily increasing every year. This is due to many factors, one of which being volatile market conditions. Inflation is tricky to deal with because there’s no predicting how much it will increase from one year to another. However, there are a few methods that you can use to protect yourself against it.

Invest in Real Estate

Holding real estate to protect against inflation tends to be a long-term project. Although there are temporary downturns in the market, real estate tends to become more valuable with time. Sometimes, the value of the real estate increases faster than the inflation rate. Having a rental property is good protection because you are usually able to raise the rent every year, so as to match the inflation rate. Real estate is a good investment because, in the end, you will have a property that is worth much more than you originally paid for it. There are even ways to invest in real estate without actually owning a property.

READ MORE: https://callputstrike.com/2020/07/01/market-insights-how-to-protect-against-inflation/

Goldman Sachs Bets On Masks, FedEx Earnings Report Rallies & Mnuchin Elaborates On COVID Economic Impact – Daily Financial News Summary for Tuesday, June 30, 2020

The final day of June resulted in the completion of the best quarter that Wall Street has seen since 2001. The Dow Jones rose by 0.85%, the NASDAQ by 1.87%, and the S&P 500 by 1.54%. The Dow Jones was up 16.9% for the quarter, and the S&P 500 was up 19.3% for the quarter.

Gold rose sharply by 1.1% today. It settled at $1,800.50 per ounce, which is the first time it has been so high since 2011.

Treasury Secretary Mnuchin spoke to the House Financial Services Committee today about the United State’s economy’s chance of recovery: “We are in a strong position to recover because the administration work[ed] with Congress on a bipartisan basis to pass legislation and provide liquidity to markets in record time. In addition, the PPP is keeping tens of millions of workers connected to their jobs. Economic impact payments are also helping millions of families and workers through these challenging months.” He also spoke about expecting more stimulus funding to be sent soon.

Dr. Anthony Fauci of the National Institute of Allergy and Infectious Diseases spoke about Covid19 before a Senate panel today. He said that if Americans do not start to change their daily behavior, the rate of new infections could increase to 100,000 per day. Currently, the country is averaging around 40,000 new cases per day.

READ MORE: https://callputstrike.com/2020/06/30/goldman-sachs-bets-on-masks-fedex-earnings-report-rallies-mnuchin-elaborates-on-covid-economic-impact-daily-financial-news-summary-for-tuesday-june-30-2020/

Financial Planning: What is a Sinking Fund?

Many Americans have never heard of the term ‘sinking fund.’ Not having knowledge about this means that they are depriving themselves of the financial benefit of using a sinking fund. When polled, about 40% of Americans stated that they would struggle with covering a $400 emergency expense. Sinking funds are methods of putting money aside for a rainy day, so it is not as difficult to pay for something in an emergency situation.

https://callputstrike.com/2020/06/30/financial-planning-what-is-a-sinking-fund/

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Unemployment Numbers Near 50% & COVID Fears Stall Reopenings – Daily Financial News Summary for Monday, June 29, 2020

Stocks ended the first day of the week in the green, a welcoming change of pace from last week. At the end of the trading day on Monday, the Dow Jones climbed by 2.32%, the S&P 500 by 1.47%, and the NASDAQ by 1.20%.

New Jersey had been planning to implement a reopening of indoor dining in the state. However, due to a sharp incline in Covid19 cases after various states started reopening restaurants, the governor has decided against the plan. Gov. Phil Murphy sent out a tweet on Monday: “UPDATE: INDOOR DINING WILL NO LONGER RESUME ON THURSDAY. We had planned to loosen restrictions this week. However, after #COVID19 spikes in other states driven by, in part, the return of indoor dining, we have decided to postpone indoor dining indefinitely.”

Florida had an increase in new cases of 5,409 on Sunday. This is a decrease from the 8,424 that was reported on Saturday. It was recently announced that Miami and Fort Lauderdale will be closing their beaches over the Fourth of July Weekend in order to curb the spread of infections.

READ MORE: https://callputstrike.com/2020/06/29/unemployment-numbers-near-50-covid-fears-stall-reopenings-daily-financial-news-summary-for-monday-june-29-2020/

Fractional Shares and Their Market Disruption

When it comes to investing in the stock market, there can be many different aspects that people are not aware of. Fractional shares are not often discussed in everyday conversation, but they play a huge role in the stock market. 

Having less than one full share of an equity stock is known as a fractional share. This will usually happen due to a stock splitting, merger, or a dividend reinvestment plan. Fractional shares aren’t available to obtain from the stock market and are difficult when trying to sell them. Fractional shares can only be sold through a brokerage.

The method that Robinhood and Charles Schwab have employed of eliminating commission fees on trades has disrupted the industry. Other companies that have been in the industry for much longer, such as E*Trade Financial, Interactive Brokers and TD Ameritrade, have also been forced to abolish their commission fees in order to stay in competition with them. Tenev is proud of the fact that his company has helped bring about this change: “Robinhood pioneered commission-free investing in stocks. We can be really proud of not just creating a world where our own customers don’t pay commissions, but customers of other brokerages have benefited as well.”

Once customers realized that they now have a choice on where to trade commission-free, Robinhood had to offer something else in order to keep them. This is when Robinhood unveiled its program of allowing customers to buy fractional shares in companies. This is the case for both individual stocks and ETFs.

READ MORE: https://callputstrike.com/2020/06/29/fractional-shares-and-their-market-disruption/

Disney Dips On Re-opening Delays & Apple Shutters Stores – Daily Financial News Summary for Thursday, June 25, 2020

Thursday saw a choppy trading session as stocks alternated between green and red. The Dow Jones rose by 1.18%, the S&P by 1.09%, and the NASDAQ by 1.09%.

The Federal Reserve will be releasing the results of a stress-test for banks after the closing bell on Thursday. This will provide investors with a general idea of whether United States banks are going to be able to sustain their dividends throughout this pandemic. The Fed added new categories for the stress-test to analyze where any problems may lie.

Apple has added to its list of closed stores due to the spike in coronavirus cases. 14 additional stores will be shut in Florida, resulting in a total of 32 stores being shut in the state. In a statement, Apple said: “We take this step with an abundance of caution as we closely monitor the situation and we look forward to having our teams and customers back as soon as possible.” Shares were up 0.2% today.

READ MORE: https://callputstrike.com/2020/06/25/disney-dips-on-re-opening-delays-apple-shutters-stores-daily-financial-news-summary-for-thursday-june-25-2020/

Real Estate & Investing: The Most Affordable State in the US

The cost of living is getting higher every year that passes. Rising costs due to inflation make it difficult to build a profit in many areas of the country. Many people struggle to settle down because they simply can’t afford to live comfortably. Taking a look at the whole country, which state is the most affordable?

Determining affordability takes many factors into account. For one, the costs of daily life such as groceries is examined. It also looks at the cost of house prices and rent, which vary significantly between each region. Finally, the affordability also considers the median family income. The higher the cost of living, the less likely that the average household will be able to live there.

READ MORE: https://callputstrike.com/2020/06/25/real-estate-investing-the-most-affordable-state-in-the-us/

Business Education, Investing, Personal Finance, Real Estate, Retirement, Trader Talk

Florida, California, and Texas COVID Fears Flounder Markets & Daily Financial News Summary for Wednesday, June 24, 2020

The market was hit hard on Wednesday, as the surge of new Covid19 cases increased investors’ fears. This was the worst day in the market since June 11. The Dow Jones was down by 2.72%, the S&P 500 by 2.5%, and the NASDAQ by 2.1%.

New cases in California, Texas, and Florida have risen substantially over recent days. California reported 7,149 new cases yesterday, which is its biggest single-day increase yet. Florida saw its new cases increase by 5,508.  New York, New Jersey, and Connecticut have all declared quarantine orders for any visitors who have traveled from a hotspot. This caused United Airlines and Delta’s stock to drop by more than 8% each.

READ MORE: https://callputstrike.com/2020/06/24/florida-california-and-texas-covid-fears-flounder-markets-daily-financial-news-summary-for-wednesday-june-24-2020/

Analyzing the Volatility of the Stock Market

We are in turbulent times. The markets dove low today on news of COVID-19 cases and it created a sudden fear that the good news of re-opening would be short-lived. As markets will fluctuate, in recent times, they have seen more turbulence than normal. We take a look at the reasons today:

For investors wanting to dip their toes into the volatile world of stock trading, they must first understand the basics. The United States stock market is a collection of exchanges between traders. Public companies offer shares of their stock, and investors come together to buy and/or sell these shares, depending on what their angle is. Some investors prefer to play the long game and hold on to their shares for as long as possible. Others are trying to make quick cash, and trade their stocks within minutes of purchasing them, hoping to make a profit.

READ MORE: https://callputstrike.com/2020/06/24/analyzing-the-volatility-of-the-stock-market/

ETFS, Investing, Market Insider, Mutual Funds, Personal Finance, Retirement, Stock Market Investing, Market Insider, News, Stock Market, Trader Talk

COVID-19 Vaccines Make Headway & Manufacturing Market Rolls Upward – Daily Financial News Summary for Tuesday, June 23, 2020

Stocks made significant gains on Tuesday as renewed hope for a Covid19 vaccine made the news. The Dow Jones rose by 0.50%, the S&P 500 by 0.43% and the NASDAQ by 0.74%.

Sanofi, the French drugmaker, announced on Tuesday that it is expecting to receive approval for the COVID-19 vaccine that it is working on with GlaxoSmithKline. The timeline for this vaccine is likely within the first half of 2021, to be available in the latter part of the year. Sanofi increased by 0.28% today.

On Monday evening, Peter Navarro, White House trade advisor, caused some confusion after saying that the trade deal that the United States had with China is over. He then retracted his remark to say that the Phase 1 trade deal is still in place with China. In addition to this, President Trump tweeted on Monday evening, assuring the public that the trade deal with China is “fully intact.”

The coronavirus continues to hit certain states around the country. California reported a new single-day high in new cases today, at 5,019. This brings California’s cases to a total of 183,073. New hospitalization cases in Texas also rose to a record high recently. This caused the Governor of Texas to warn that the surge in cases was at an “unacceptable rate” and indicated that he would impose strict restrictions again to stop the outbreak.

READ MORE: https://callputstrike.com/2020/06/23/covid-19-vaccines-make-headway-manufacturing-market-rolls-upward-daily-financial-news-summary-for-tuesday-june-23-2020/

Personal Finance: Common Money Mistakes & How To Avoid Them

Throughout life, people are often told to do at least some of the following: ‘go to school, get a job, save money, buy a house, retire comfortably.’ These can be difficult goals to accomplish, especially if you find yourself making mistakes with your money. Here are some common money mistakes to avoid as much as possible.

READ MORE: https://callputstrike.com/2020/06/23/personal-finance-common-money-mistakes-how-to-avoid-them/

Housing Market Faltering & Virgin Galactic Partners with NASA – Daily Financial News Summary for Monday, June 22, 2020

The market fluctuated between gains and losses on Monday. The major indexes finished in the green, with the Dow Jones gaining 0.6%, the S&P 500 with a 0.7% increase, and the NASDAQ at a 1.1% increase.

States all around the country reported increasing coronavirus cases over the weekend. California reported 4,515 new cases on Sunday, which is the highest one-day surge so far. Florida also rose by an increase of 4,049 on Saturday. Utah, Arizona, Nevada, Missouri, South Carolina, and Montana also saw one-day record highs this weekend. These surges are putting a damper on the reopening process that is occurring across the country. Justin Weidner of the Deutsche Bank said: “Our analysis identifies several states that are demonstrating worrying trends according to both the breadth and intensity of the Covid outbreak, including Arizona, Alabama, California, Florida, and Georgia, among others. These trends continue to point to the presence of downside risks to the economic outlook from the pandemic.”

Larry Kudlow, President Trump’s top economic advisor, made a declaration on Monday that the second wave of coronavirus cases “isn’t coming.” He said that the new cases being reported were simply isolated hot spots. This statement came after the United States saw over 30,000 new Covid19 cases between over the weekend. Kudlow also spoke about a new stimulus package, with more details to come in July.

New York City entered Phase Two of its reopening plan today. Consumers can now access hair salons, outdoor patio dining at restaurants, and shopping in stores. Approximately 300,000 employees will now be returning to work.

Casinos are now open in the state of New Jersey as of today. They are allowed to operate at a maximum capacity of 25%, including indoor dining.

Virgin Galactic, a spaceflight company, recently announced that the company would be partnering with NASA to arrange trips to the International Space Station. This could include anything from private citizen trips to research missions. Virgin Galactic’s shares shot up by over 14% after the reveal.

READ MORE: https://callputstrike.com/2020/06/22/housing-market-faltering-virgin-galactic-partners-with-nasa-daily-financial-news-summary-for-monday-june-22-2020/

The Benefits of Making A Business ‘Green’

Businesses around the country have slowly but surely been adapting their operations to a greener alternative. Business owners should be aware of the many benefits of going green in case they want to apply these changes to their own companies.

Patagonia was one that was at the forefront and also REI and Whole Foods. It is natural that these outdoor industry leaders and organic grocers would be stewards of the land, but as others put their focus on becoming green, many market insiders wonder why or how it can impact a business and its bottom line.

https://callputstrike.com/2020/06/22/the-benefits-of-making-your-business-green/

Beyond Meat Grows & Ford Goes Back To Work While Apple Closes Stores Due To COVID-19 Threats – Daily Financial News Summary for Friday, June 19, 2020

Two of the major indexes decreased Friday, marking an end to the trading week. The Dow Jones was down by 0.8%, and the S&P 500 by 0.57%. The NASDAQ rose by 0.03%.

Apple announced today that the company would be temporarily shutting stores again in certain US states, beginning June 20. It would be focusing on states that have had a significant spike in Covid19 cases, including Florida and Arizona. Apple’s stock fell by 0.87%.

Jerome Powell of the Federal Reserve spoke on Friday about the ‘Juneteenth’ holiday, which represents the end of slavery in the United States. He described the inequality between the rich and the poor, and how the pandemic has escalated these disproportions.

Arizona and Florida continue to report new coronavirus cases. There were 3,246 new cases in Arizona on Friday, which is a new single-day high. In addition to this, there were 3,822 new cases in Florida, which is also a new single-day high.

READ MORE: https://callputstrike.com/2020/06/19/beyond-meat-grows-ford-goes-back-to-work-while-apple-closes-stores-due-to-covid-19-threats-daily-financial-news-summary-for-friday-june-19-2020/

How the Rich are Getting Richer During COVID-19

Between mid-March and mid-May 2020, during the duration of the global pandemic lockdown, the United States billionaires saw their fortunes increase by a collective $434 billion, or 15%.

The simple reason is that the coronavirus pandemic resulted in the large technology companies benefiting the most. This is because Americans were under lockdown and had to do everything from home. Working at home became the new normal, and shopping online took a drastic incline. This included shopping for everything, including clothes, food, medicine, pet supplies, and sources of entertainment. The owners of these technology companies are already highly successful, so the pandemic just ended up resulting in their companies getting more business.

Jeff Bezos of Amazon had the largest gain of $34.6 billion, and Mark Zuckerberg of Facebook increased in value by $25 billion. Currently, the GDP of Jeff Bezos is larger than the entire GDP of Honduras. Amazon’s stock has soared by over 30% since the beginning of this year. However, Amazon is currently facing flack because it is said that the company is not doing enough to protect its 400,000 warehouse employees and not enforcing social distancing well enough.

READ MORE: https://callputstrike.com/2020/06/19/how-the-rich-are-getting-richer-during-covid-19/

Spotify Keeps Up With Kardashians while Jobs Report Can’t Keep Up – Daily Financial News Summary for Thursday, June 18, 2020

California has reported the largest single-day increase in new Covid19 cases today. The seven-day average was a rise of 2%, meanwhile, they reported an increase of 2.6%.

Spotify made the news today, as the Wall Street Journal reported a new deal with Kim Kardashian West. Spotify will be working with the celebrity to launch a new criminal justice podcast. Stocks jumped by over 10% after the reveal.

Dish Network rose by 5.9% on Thursday after the company released details about its purchase of Boost Mobile. They would be purchasing it from T-Mobile by July 1.

FedEx’s target price was raised from $140 to $160, and shares were up by 2% today. Christian Wetherbee spoke about FedEx’s potential to recovery after the pandemic: “FedEx should have leverage to re-opening economies around the world given its elevated business to business revenue mix and comps will be particularly easy given the weakness in global trade leading up to the COVID-19 pandemic.”

https://callputstrike.com/2020/06/18/spotify-keeps-up-with-kardashians-while-jobs-report-cant-keep-up-daily-financial-news-summary-for-thursday-june-18-2020/

Pandemic Cryptocurrency Performance & Outlook

Many industries in the United States have been negatively affected by the global pandemic Covid19. Is cryptocurrency one of those struggling industries, or has it shone through and thrived during the chaos?

The digital world has allowed many of us to take to our home computers and work away from the office. The same principle applies to digital money. It is safer than physical currency and has become more widely accepted among fears that transferring money from hand to hand will spread the virus. However, this change in the situation has not resulted in much change in the value of cryptocurrency – so far. Dan McArdle, Messari co-founder spoke about what happened right at the beginning of Covid19: “People have/had this notion that bitcoin is a hedge against a recession, or specifically the S&P. I’ve thought that’s wrong for a while, and indeed we saw high correlation with the S&P [in March] as investors everywhere sold everything in the first real global liquidity crunch we’ve seen since 2009. No surprise bitcoin did not outperform.”

McArdle went on to describe what he believes will happen in the future: “This is looking to be especially important over the next few years as central banks globally add many trillions to their balance sheets. If they’re successful in preventing further asset price declines, the new liquidity may very well seek out scarce assets such as bitcoin.” In the future, McArdle believes that Americans will get tired of the system that allows the Fed to print trillions of dollars, but the government takes 30% of our salaries. Bitcoin is an alternative monetary option that consumers might start to turn towards.

READ MORE: https://callputstrike.com/2020/06/18/pandemic-cryptocurrency-performance-outlook/