Stocks

5 Stocks to Make the Most of Growing Technology Dependence

New coronavirus cases in the United States crossed the 50,000 mark on Jul 1, once again raising fear in millions. Fresh coronavirus cases have been on the rise since the economy started reopening and now experts claim that the numbers could further rise in the days to come.

Fears of a second wave of coronavirus are looming already and it won’t come as a surprise if people once again start staying at home. Two months of at-home orders following the coronavirus outbreak have changed the way lives were led in the pre-COVID-19 era. With no signs of the virus receding, life has become a lot more technology dependent and in all likelihood will remain so.

New COVID-19 Cases Hit Record High

On Jul 1, United States recorded a whopping 52,000 new COVOD-19 cases, according to a Johns Hopkins University tally. Several states also imposed 14-day quarantines on visitors in the

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Amateur Traders Pile Into Asian Stocks, Making Pros Nervous

(Bloomberg) —

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the region, mirroring their exuberance worldwide. Millions of investors who had never so much as opened a trading account before have been piling into the market.

Just as the pandemic led bored Americans to make the Robinhood investing app a household name, it’s the amateurs who have helped to lift equities from India to Thailand despite some of the worst macroeconomic fundamentals in memory. But it’s also giving professionals pause – what happens when these investors are no longer around?

“If everyone is going into the same name and something happens, those names are likely to be sold off quite aggressively,”

Read More

Amateur Traders Pile Into Asian Stocks, Making the Pros Nervous

(Bloomberg) —

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

The can’t-miss rise of equity markets around Asia is fueling the explosion of interest among retail investors in the region, mirroring their exuberance worldwide. Millions of investors who had never so much as opened a trading account before have been piling into the market.

Just as the pandemic led bored Americans to make the Robinhood investing app a household name, it’s the amateurs who have helped to lift equities from India to Thailand despite some of the worst macroeconomic fundamentals in memory. But it’s also giving professionals pause – what happens when these investors are no longer around?

“If everyone is going into the same name and something happens, those names are likely to be sold off quite aggressively,”

Read More

Stocks make modest recovery despite virus worries

European stocks made modest gains Thursday, one day after a brutal selloff, but US indices struggled on continued worries about a resurgence of coronavirus and mounting job losses in the US.

Oil also recovered some of Wednesday’s five percent tumble on increasing infections stoking demand worries, just as the latest data showed a big jump in US stockpiles for a third week.

Asia extended losses after heavy overnight falls on Wall Street, amid holiday closures in Hong Kong and Shanghai.

There were hefty losses in New York and across Europe on Wednesday on heightened fears of a second wave of the deadly COVID-19 outbreak.

“Stock markets have edged up today after Wednesday’s falls, but there is still a lingering sense of caution over the signs of rising infection rates in the US,” said Chris Beauchamp, chief market analyst at online trading firm IG.

European markets held onto their gains until

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Tap Market Potential With These 4 Consumer Staples Stocks

The onset of the ‘new normal’ and indications about developments of a vaccine for the novel coronavirus have set the markets rolling in the past few weeks. The market has been cashing in on the positives relating to the reopening of economic activities after a strong hit witnessed in mid-March due to the nationwide lockdown.

Since April, the Dow Jones, the Nasdaq and the S&P 500 indices have appreciated 16.4%, 8.1% and 18.2%, respectively. Meanwhile, year to date, the Dow Jones, the Nasdaq and S&P 500 have contracted losses of 10.1%, 31.1% and 5%, respectively, reflecting the bottoming that occurred in March due to the coronavirus outbreak and its countermeasures.

Unlocking of Economy Lifts Consumer Sentiments

The unlocking of economic activities has boosted the U.S. unemployment rate, which reportedly declined 13.3% in May after witnessing record high growth of 14.7% in April. Moreover, consumer sentiment in the United States remained

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Used Car Market Emerging as the Dark Horse: 4 Stocks in Focus

If you were waiting for bigger bargains in used car prices amid coronavirus woes, chances are that you have already missed the boat! Used car prices had been badly hit during March and April. Many industry watchdogs were expecting a further fall in the prices. However, with stay-at-home orders being lifted and business activities resuming normalcy, used car prices are picking up.

The Manheim used vehicle value index hit a record in mid-June, increasing around 4% year over year and recovering from the historic drop in April 2020. Used vehicle prices declined 11% in April from a month ago. Used car values were going into a tailspin, similar to what happened during the 2008 financial crisis. But the prices bounced back strongly in May, up 9% from April levels. The used car market is continuing the momentum in June, which is a pleasant development for used car retailers, automakers and

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Court Ruling on Price Transparency Unsettles Hospital Stocks

On Jun 23, the Federal court verdict upheld The U.S. Department of Health and Human Services (HHS)  plan on Improving Price and Quality Transparency in American Healthcare, which went against the American Hospital Association (AHA).

The essence of the ruling is to disclose publicly the prices negotiated between hospitals and insurers in order to promote competition and reduce costs.

The Rules at a Glance

The set of rules requires hospitals to make the negotiated rates they charge insurers for medical services and prescription drugs available in the public domain. It also directs hospitals to make prices for healthcare services, such as common tests and procedures, available online beginning 2021. Hospitals will display the price band of shoppable services as a total package in an easy-to-read, consumer-friendly format.

The proposal also requires insurance companies offering group and individual coverage to provide cost estimates for enrollees up front so that patients are

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Online fashion stocks in vogue as coronavirus speeds ecommerce

By Emma Thomasson

BERLIN (Reuters) – Shares in online fashion retailers Zalando and ASOS jumped on Thursday after the German company said it expects a big increase in second-quarter sales and operating profit as coronavirus lockdowns accelerate a shift to ecommerce.

The growth rate of online fashion looks set to triple this year to account for 23% of European sales in 2020, levels not expected before 2024 prior to the pandemic, analysts at Bernstein said, adding the market share could hit 37% by 2030.

“The sudden closure of all apparel retail stores across all major global markets has shaken up the channel mix in an unprecedented way this year,” said Bernstein’s Aneesha Sherman. “(It’s) five years’ worth of growth achieved in about six months.”

Zalando, Europe’s biggest online only fashion retailer, said late on Wednesday it expects to significantly beat market expectations for 16% second-quarter revenue growth and an adjusted

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3 Growth Tech Stocks to Buy Now Despite Coronavirus Reopening Nerves

Volatility seems to have made a bit of a comeback recently and we are only a week removed from the Dow’s worst day since March. Nonetheless, there seem to be reasons to believe that the market’s rally from its March 23 lows could continue, as economies around the world shake off the rust from their coronavirus lockdowns.

May U.S. retail sales surged 18% from April to crush estimates and help showcase that the pandemic’s worst economic days are most likely behind us. Meanwhile, the Fed continues to provide as much support to the market as it can, and there are new reports that the Trump administration is considering a $1 trillion infrastructure spending plan.

That said, the headlines about spikes in coronavirus cases are likely to remain constant as economies around the world reopen. Investors should remember that there was always going to be an increase in reported cases when

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Looking to Make the Most of AI Boom? Buy These 4 Solid Stocks

Amazon.com, Inc. AMZN on Jun 16 said that it has developed a new Artificial Intelligence (AI) system that will help in maintaining social distancing among workers in its warehouses. The company plans to share the undergoing technology free of cost.

Over the past couple of decades, AI has gained significantly and contributed to the robust growth in the tech sector. Today an increasing number of companies are banking on AI to better their products and services. The past couple of months have been all the more crucial for AI, which saw exponential growth as an increasing number of people resorted to technology following the coronavirus outbreak.

Amazon Takes Help of AI

Called Distant Assistant, the technology helps in combining a TV screen, depth sensors, and AI-enabled camera to track employees’ movements and give them feedback in real time. If workers come closer than six feet of one another, circles around

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