It's clear the economic impact of the coronavirus crisis is creating challenges for most companies.
But for those companies that were struggling before the virus struck, life will be exponentially more difficult.
In particular, companies that were carrying a lot of debt and that were under scrutiny from the credit rating agencies will face a tougher road back to "normal" – if they can even get there.
Stay away from these five stocks right now...
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The CBOE Volatility Index has gone as high as 70 over the last few months in response to the coronavirus outbreak.
It's declined to below 60 today.
And this is still an outrageously high level of uncertainty in the markets (compare to the 2019 average of 15.39).
This is good for penny stocks.
You see, penny stocks trade for under $5, by the SEC's definition.
That means they can see huge price movements in a short span of time.
This can be from a broader market move – the Dow Jones is up 4,000 points from Monday's low.
Or it can be from a breakthrough within the company.
For instance, shares of Inovio Pharmaceuticals (NASDAQ: INO) popped more than 300% in early March, after the company announced it was closing in on human trials for a coronavirus vaccine.
We had recommended the stock when it hovered around $4.
Readers had a chance to grab it then sell it at $17 in just a couple weeks.
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This morning, the U.S. Department of Labor reported a record number of Americans seeking unemployment benefits last week.
Following the closure of businesses across the country and the rise of "Social Distancing," nearly 3.28 million Americans filed for unemployment insurance.
The jobless claims number dwarfed the record 695,000 filers in October 1982.
Also, it blows away the 655,000 Americans who filed for jobless benefits in March 2009 – the height of the Great Recession.
Finally, the figure is more than double the consensus estimate of 1.5 million among economists and analysts.
Here's exactly what this jobless claims number means for the markets in the months ahead...
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Wall Street is full of old saws.
There is one for just about every occasion, including when it's finally time to take advantage of this current bear market and buy.
And one you're going to hear over and over soon is "stock market capitulation."
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The Dow Jones Industrial Average faces a battle today after the U.S. Department of Labor reported more than 3 million jobless claims.
They expected 1.5 million.
The Great Recession jobless peak was 665,000.
The ongoing coronavirus crisis has decimated the hospitality, retail, restaurant, and airline industries, in addition to secondary businesses that cater to these sectors.
Read on for details.
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Bear market rallies happen; it's part of the process.
That's the message that you should hold onto through the past two days' rip higher in the market.
I remember the first set of rips and dips in 2007, when the market turned mean. The first three months saw a series of rallies and sell-offs that were both good and bad.
Good, because these fits and starts gave the nimble traders the opportunity to operate in their natural environment. Increased volatility, short-term trends, and a market that is more in tune with the technicals. It's a haven for quick and recurring profits.
Bad, because the roller coaster ride of a market kept the longer-term investors guessing as to whether they should put some money to work or not. That question got harder to answer with each trip higher that ended the next move lower.
Investor behavior in a bear market hasn't changed in decades. Most are trained to try to nail the bottom and then hold on as the rally takes them for a long bull market ride. This isn't normally the case, as they will often buy "a" bottom and try to hold only to find out that the bottom they bought was wrong and they're losing more money.
In between those tops and bottoms, we all tend to decide that we want to buy or sell a stock. Inevitably, the mean market volatility leads to the following fun situation… Full Story
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We've seen it all before. A positive headline sends stocks rallying, only to see them tumble down to new lows.
And it's going to happen this time too.
You see, this is all part of a pattern after a stock market crash. Short-lived rallies collapse into lower lows.
Take a look for yourself and find out what's coming next...
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Even while legislators discuss measures to relieve the economy in the coronavirus market crash, volatility runs high.
It's uncertain where the market is going day-to-day.
The CBOE Volatility Index (VIX) is above 60.
It never went higher than 30 in 2019.
That's making it hard for investors to know what's coming next.
That's why we want to talk about how long the coronavirus market crash will last.
Here's what we know about that so far.
Whether or not the answer becomes clear, there's only one thing you need to worry about...
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In today's unforgiving market, you need every advantage at your disposal.
That's why Chris Johnson is giving away this limit-order trade, so you can set your own price even when stocks are out of control.
It's powered by the ever-growing number home offices, but this stock will keep climbing long after COVID-19 is gone.
Click here to check it out on the latest Fast Profits episode.
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The Dow Jones Industrial Average ticked higher to start Wednesday after Congress agreed to a $2 trillion "war-time" stimulus package aimed at supporting the U.S. economy during the coronavirus crisis.
Read for more on the Senate's agreement with the White House...
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