Thursday, April 25, 2024
One of the big trends in stocks is buying companies that are likely to thrive in a work-from-home environment. With many offices closed and employees working remotely, companies like Slack (WORK) stand to gain a lot of business. Slack allows coworkers to communicate with each other individually or in groups, along with the ability to […]
Amazon (AMZN) reported earnings this past week and beat on revenues but missed on the bottom line. Revenues were higher than expected with so many people ordering products online, but the company had higher costs due to changes made necessary by the pandemic. While AMZN has an uncertain outlook for the remainder of the year […]
One of the primary beneficiaries to the stay-at-home revolution brought on by COVID-19 is the video communication industry. In particular, Zoom Video Communication (ZM) has been on a tear in recent weeks as more and more people use the product for meetings, discussions, and chats. ZM was trading at new highs when Facebook (FB) announced […]
It’s been a historic week so far for crude oil, which has dropped into negative territory for the first time ever. At a low of negative 40 dollars per barrel, sellers actually have to pay buyers to take delivery of oil. This is happening because there is a substantial lack of storage for oil with […]
Options trading continues to be very active in this market, even though daily volatility of stocks moves has dropped in recent weeks. Index and ETF options remain popular methods for trading market direction. They are also very useful instruments for hedging long stock portfolios. For instance, iShares Russell 2000 ETF (IWM) can be used as […]
It probably comes as no surprise, but there has been heavy options activity in Zoom Video Communications (ZM). The popular video communication platform has seen its usage skyrocket as people are forced to work from home. Everyone from school teachers to business executives are using ZM extensively for online meetings, lectures, and discussions. Traders seem […]
One of the secondary reasons for the market crash (after COVID-19) has been the extreme selloff in the price of oil. Crude oil has dropped to around $20 a barrel for the first time since 2002 due to a price war between Russia and Saudi Arabia. One popular method for trading crude oil is United […]
With most asset classes getting pummeled this past week, investors are seeking the relative safety of the US dollar. One method to get bullish exposure to the dollar is through Invesco DB US Dollar Index Bullish ETF (UUP). UUP is a fund that is long the dollar versus a basket of other major currencies. Typically, […]
With stocks in a bear market and potentially more selling ahead, the Fed has cut interest rates to 0% and started a new $700 billion quantitative easing program. This could cause a substantial amount of volatility in the market, but especially in rate sensitive sectors like financials. In fact, a trader just bought a large […]
The market continues to be ultra-volatile due to serious concerns over the global economy in the wake of the coronavirus. High yield bonds (aka junk bonds) tend to sell off during times of high stress as investors move to the safety of government bonds instead. This past week, someone bought a one-week put spread in […]
