DAL

Delta Air Lines Inc

stocks

Markets Live Recap: Stocks Close Down Despite Powell's Statement

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The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.

Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.

And he expects GDP to expand by 5% in 2021.

Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.

But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.

The S&P 500 was flat and the down was down 0.6%.

Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.

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Stocks

Is Now a Good Time to Buy Airline Stocks?

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Airlines were some of the hardest-hit stocks during the bear market brought about by the coronavirus.

In fact, the Dow Jones U.S. Airline Index is still down 60.0% today from its Feb. 12 closing high.

Even worse, last week's low was below the initial panic low in March.

In other words, the broad market's rebound happened without any help from airlines at all.

So is it a good time to buy airline stocks?

Money Morning's Capital Wave strategist Shah Guilani says it's "up in the air" in a bad way.

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stocks

3 Key Takeaways from Warren Buffett's Annual Shareholder Meeting

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Over the weekend, Warren Buffett hosted the annual Berkshire Hathaway (NYSE: BRK.A) shareholders meeting.

The so-called "Woodstock for Capitalists" featured a few surprise revelations from the Oracle of Omaha.

Buffett, who has been at the helm of the company since 1970, expressed optimism over the long-term outlook of the U.S. economy.

"Nothing can basically stop America," Buffett quipped.

But if you dig through the transcript or listen closely to the full video of the event, you can't help but notice that Buffett was less optimistic about the near-term conditions and more realistic about the challenges that we face in the months and years ahead.

Here are the three most important takeaways of the 2020 Berkshire Hathaway Annual Shareholder Meeting.

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Trading Strategies

We Bust COVID Myths - and Show You How the "Real Story" Can Make You Money

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Ever since it became clear that COVID-19 was spreading across the globe, there's been another pandemic proliferating in its wake.

This "other" pandemic isn't immediately visible to the naked eye.

It's not grabbing as many headlines.

But it's everywhere.

And it's dangerous.

Very dangerous…

I'm talking about the pandemic of misinformation, conspiracy theories, and outright lies about COVID-19.

With our world being turned upside down and scientists still searching for responses to this brand-new virus, regular folks like us are searching for answers.

And there are plenty of people in "the media" and out there in the online sphere who are only too happy to provide their half-baked guesses as "answers."

But to protect yourself, your family, and your economic wellbeing, you need to know what's really going on.

So today, let's close that Reality Gap between what half-baked pundits, self-important voices, and self-serving politicians are saying, and what we really know.

I've asked myself why I should weigh in and if I felt comfortable doing so. I answered that question by considering that – as a trained chemical engineer who was awarded the highest level of licensing – I have the credentials and the experience to sort through the scientific noise, to separate some of the signals from the noise, and to understand how these insights can be applied.

And to help make sure I'm bringing you all the "full story," I've also leaned on experts credentialed in science, medicine, risk analysis, and crisis management.

Here's what's being said about the COVID-19 pandemic. And here's what's actually true about it… Full Story

Here's what's being said about the COVID-19 pandemic. And here's what's actually true about it... Full Story

stocks

Markets Live Recap: Our Experts Cover Earnings Season, Airlines, Gold, Oil, and Amazon

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The markets were met with more selling this morning as investors continue hedging the uncertainty brought by the coronavirus.

There have been discussions of re-opening the economy, but nobody can be sure when this will happen or how long it will take to get back to full capacity.

To help you navigate these unprecedented times, we're going live every day the markets are open.

Our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are each taking time out of their busy days to show you exactly what they're seeing in the markets in real time.

They will even answer your questions live, on air.

Here's what they covered today, Monday, April 13...

stocks

What Warren Buffett May Be Planning with Airline Stocks

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The ongoing pandemic has shutdown multiple sectors in the economy.

But no sector has taken a harder hit than airline companies.

Perhaps the most surprising news around airlines came from famed investor Warren Buffett.

His firm Berkshire Hathaway (NYSE: BRK.A) has long been a holder of airline stocks given their steady demand and reliable cash flow streams.

According to GuruFocus, Berkshire may have lost up to $5.3 billion on its stakes in airline companies.

So, what is Buffett's plan with airline stocks for the road ahead?

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