surge

We’re seeing a surge in searches for ‘day trading techniques’: Investopedia editor-in-chief

By Tommy Flemm 1 year ago

A surge in brokerage accounts combined with speculation on risky stocks are a hazardous recipe, says one market watcher.

“People are new to trading and new to investing and want to take advantage of these wild swings,” Caleb Silver, editor-in-chief of Investopedia, tells Yahoo Finance’s The First Trade.

“These are the most dangerous times to start day trading … This is when people really get hurt,” he added.

Silver says Investopedia is seeing a surge in searches “for everything from day-trading techniques, rules to live by for new day traders, to how to trade the options market.”

Some of the recent top stocks which new investors have been leaning into include Hertz (HTZ), which filed for bankruptcy protection in May; Nikola Motors (NKLA), the hybrid truck company which recently listed on the Nasdaq (^IXIC); Top Ships (TOPS), the penny stock; as well as Oasis Petroleum (OAS) and American Airlines (AAL)—

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Camping reservations and RV sales surge as coronavirus lockdowns lifts

By Tommy Flemm 1 year ago

After months in lockdown, Americans are ready to leave their homes — and sleep under the stars.

There has been a surge of new reservations at camp grounds around the U.S. The allure of solidarity and outdoor access has prompted a third of people in the U.S. who have never camped before to now consider camping, according to Kampgrounds of Americas, a Montana-based camping company with over 500 franchised campgrounds in North America.

“We know people are concerned about social distancing, and the outdoors provides a great way to do that. Which is why we think there’s a lot of interest in camping right now,” Toby O’Rourke, CEO of Kampgrounds of Americas, told Yahoo Finance.

To reduce the chance of coronavirus infection for campers this summer, Kampgrounds will offer contactless check-in, while keeping shared areas closed — including bathrooms, in certain states, which means campers in tents may need to

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Two bullish things to consider after the S&P’s 40% surge: Morning Brief

By Tommy Flemm 1 year ago

Wednesday, June 3, 2020

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History suggests unemployment could plummet as stocks keep rising

It’s an understatement to say investors have a lot to think about right now.

But perhaps the two biggest stories facing investors appear to be in direct conflict: the U.S. unemployment rate is at its highest level since the Great Depression, and the stock market (^GSPC) is up about 40% from its recent bear market low.

On Tuesday, analysts offered some interesting perspective on both.

Historically, once the unemployment rate peaks and inflects lower, it tends to trend lower with few major interruptions until it bottoms.

“When the U.S. labor market goes from losing jobs to adding them, there is no looking back,” said Nick Colas, co-founder of Datatrek Research.

Colas shared a chart from a new paper published

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An unemployment surge in swing states is endangering Trump’s re-election chances

By Tommy Flemm 1 year ago

More than 40 million Americans have applied for unemployment benefits over the past 10 weeks as the coronavirus pandemic has brought the U.S. economy to a standstill. As terrible as that number is, that fact alone is not bad news for President Trump’s re-election chances.

What could be, is that key swing states are being hardest hit with job layoffs — and that voters aren’t seemingly putting the blame on Democrats.

Consider the crucially close swing states that delivered President Trump to the White House in 2016: Michigan, Pennsylvania, and Florida. Against Hillary Clinton in 2016, Trump managed to turn Michigan and Pennsylvania red — each for the first time since 1992 by a slim margin (the slimmest margin for Pennsylvania in 176 years.) He won Florida by the slimmest margin for a Republican since the state’s “hanging chad” controversy in 2000. Just three states, yet so much power.

That’s

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Walmart Q1 boosted by 74% surge in online coronavirus buying, sales jump 10%

By Tommy Flemm 1 year ago

Retail giant Walmart (WMT) reported stronger-than-expected first-quarter earnings on Tuesday, driven by a surge in e-commerce and higher traffic in stores as the coronavirus pandemic sparked massive purchases in household goods.

Here were the main numbers compared to Bloomberg consensus forecasts:

  • Revenue: $134.6 billion vs. expectations of $132.48 billion

  • Adjusted EPS: $1.84 vs. expectations of $1.12

  • Walmart U.S. comp-store sales (excluding gas): 10% versus expectations of +8.6%

  • Walmart U.S. e-commerce sales: up 74%

As consumers stocked up on pantry staples and household products during widespread stay-at-home orders sparked by the COVID-19 crisis, the retail giant reaped the benefit in sales and revenue. Walmart’s stock, which closed up Monday at $127.75, soared by than 4% higher in the pre-market.

“Our omnichannel strategy, enabling customers to shop in seamless, flexible ways, is built for serving the needs of customers during this crisis and in the future,” CEO Doug McMillon said in the

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