Today was one for the history books.
The spot oil price for May futures contracts closed at negative $37.63.
Essentially, that means you could get paid $37.63 to take physical possession of a barrel of oil. (More information from Shah on this below).
This unprecedented price move is sure to have short, medium, and long-term impacts on the global economy.
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This morning, the United States Labor Department revealed that another 5.2 million Americans filed for unemployment over the last week.
That brings the total monthly loss to 22 million people.
The consensus amongst our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – is that things are likely to get worse before they ultimately get better.
Today, they focused on tech stocks to buy and shared their opinions on Bitcoin and the future implications it may have on the global economy.
Here's what they had to say on their live streams today, April 16...
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The Dow Jones will have another volatile day as the effect of the pandemic has taken a much bigger toll than expected.
Last week, more than 6.6 million new workers filed for unemployment benefits.
That brought the total number of claims to more than 16 million Americans over three weeks.
This figure implies that more than 10% of the American workforce is unemployed, with plenty of downside left.
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Huge declines in year-over-year bank earnings were in focus on Wall Street this morning as some of the heavyweights reported before the opening bell.
The market opened down about 2% and closed near the same levels.
But that certainly isn't the only news you should be taking into account today…
You see, bank earnings have "knock-on effects" that can ripple throughout the economy in a variety of ways.
Here's what our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – saw in real time today, April 15
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The Dow Jones Industrial Average will rally Wednesday as investors continue to monitor the latest round of earnings reports.
Read on to see who's due to report.
Plus: It's the start of the second day of the World Economic Forum in Davos, Switzerland.
More on how this will affect the Dow today as well...
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Some Wall Street analysts make a career out of being bearish.
These "Chicken Littles" of the investment world are always worried about something.
Politics, economics, China trade, an aging bull market, the weather – you name it, they always have something bad to say.
But we're entering December, what could be the most profitable month of the year.
And there are options trading strategies you can use to take advantage of that.
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The "streaming war" is in full swing after Walt Disney Co. (NYSE: DIS) released their Disney Plus streaming service on Tuesday, Nov. 12.
But it's not much of a fight for one streaming stock.
In fact, the more streaming services are added to the mix, the happier this company is.
It's gone up 24% in the two weeks since the Disney Plus release.
by Andrew Keene
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I don't know about you, but I like sticking to a routine with most things in my life. I'm talking my morning routine, my workout routine, my grooming routine, even my lunch routine (one grass-fed organic ribeye, every day, in case you were wondering).
So – big surprise – I like to stick to a routine when it comes to trading, too. And I'm going to let you in on it, because (a) it's really easy to follow, and (b) I think it's going to help give you a chance to make the same kind of money I have.
What I don't do is chase the news or try and jump into the first trade I see; that won't work.
Instead, I turn to my seven "core stocks." These are the stocks I trade every single day if I see the opportunity.
I buy these stocks in the first 30 minutes… and I take my profits before 4:30 p.m. each and every day.
These aren't just any stocks, now. I'm talking about market movers – massive, well-known companies with tons of volume and liquidity.
And the best part is that I profit off of them within the day. As in, I'm out and my account is up before dinner. There's no buy-and-hold, no tying up my cash in hopes that I see a single-digit return in four months.
Let me show you my "starting lineup"… Full Story
Let me show you my "starting lineup"... Full Story
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The Dow Jones today is getting a lift from a new Brexit deal. It's still uncertain whether parliament will approve, but it's a positive day for the embattled prime minister.
The news in Europe offset statements by China this morning. Chinese officials have said that the U.S. must cancel new tariffs if it has any hope for reaching a trade deal.
by Tom Gentile
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I had a few childhood "staples": a game of tag, backyard soccer, bike races, and of course, Disney. These weren't just a part of my childhood, but my kids' as well, and probably even their kids' one day.
We wouldn't be the first. Walt Disney Co. has been around since 1923, when it made animated silent films.
And look at how far it's come… You've got Disney theme parks on three continents, television shows, box office record-breaking movie franchises, licenses – you name it. The Fortune 500 company rakes in revenue north of $59 billion per year.
That impressive figure is only going to grow, and it's easy to see how when you look at Disney's extensive plans for the future.
So this is the perfect time to build a Disney "tradition" of your own – along with wealth you can pass along to your kids and grandkids.
Look – there's no question this is a stock everyone should be in for the long haul; steady share price appreciation is virtually a given.
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