FAANG stocks are totally ignoring the COVID-19 pandemic and are approaching this stunning level

Once thought of as nothing more than risky high growth tech stocks, FAANG stocks (Facebook, Apple, Amazon, Netflix and Google) have turned into the modern day consumer staples complex amidst the COVID-19 pandemic.

The NYSE FANG+ Index (^NYFANG)— comprised of 10 top names in tech such as the aforementioned Facebook, Apple, Amazon, Netflix and Google — has climbed to within 3% of its record high of 3,905 hit on Feb. 19. For good measure, the Consumer Staples Select Sector SPDR (XLP) remains 11% shy of its Feb. 14 all-time high.

Year-to-date, the NYSE FANG+ Index is up nearly 20%. The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are down 14% and 9%, respectively, this year. The Nasdaq Composite is up 3%.

“With this unprecedented COVID-19 pandemic causing a near-term consumer/enterprise spending abyss and the markets under major pressure, the FAANG names have been viewed as relative safety blankets

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J.C. Penney could still go totally out of business

J.C. Penney’s (JCP) future truly hangs in the balance.

A source familiar with the situation tells Yahoo Finance all options remain on the table for the overly indebted retailer, including a full liquidation as a means to better satisfy creditors. The source says J.C. Penney continues to evaluate all options after a debtor-in-possession loan — known as DIP funding — of around $450 million fell through last weekend.

A view of a JC Penney during the coronavirus pandemic on May 12, 2020 in Queens borough of New York City. COVID-19 has spread to most countries around the world, claiming over 270,000 lives with over 3.9 million infections reported. (CNBC)JC Penney in talks for $450 million loan as it eyes Friday bankruptcy filing. (Photo by John Nacion/NurPhoto via Getty Images)

Lenders may be balking on providing J.C. Penney funding to keep its business open during a run through bankruptcy and

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Why Trump’s call to restart the economy in April is being derided as ‘totally nuts’

The virtual shutdown of the U.S. economy is barely a week old, yet the debate over when to restart is already in full swing — even as coronavirus cases surge. 

The coronavirus pandemic has infected nearly 400,000 people worldwide. With over a dozen U.S. states ordering citizens to remain indoors and shutting down establishments deemed non-essential, economists think the world’s largest economy has already been thrust into a deep recession. 

The nearly $2 trillion stimulus package being hammered out in Washington is meant to help stave off the mounting economic carnage, but millions of jobs are still expected to be lost in the coming weeks.

The damage — both economic and political — has stoked a widening debate over when the U.S. can return to a semblance of normalcy. With his re-election chances likely to be defined by a recovery from the crisis, President Donald Trump on Tuesday called for

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A Profile Of ASEAN Totally free Trade Area (AFTA)

The communication innovations we have about us today like the net, financial newspapers, and special interest television channels focused on investing like CNBC are a high speed pipeline of nonsensical chatter. Shop: Getting in a single predicts petty monetary problems which can be overcome by the use of a small self-restraint. Journalists also have incentives to preserve relationships with their sources they have an incentive to disseminate the great news and to limit the bad news. There are wastrels all more than the globe, they do not just reside in the U.S. I think if a lot more of our jobs stayed in the U.S. alternatively of becoming shipped to India it would be easier for men and women right here to discover just a single job that would pay all of the bills.

I feel extremely sorry for these of you with young kids and no economic signifies to … Read More

The Hippie, Bohemian, Totally free Spirit Guide To Acquiring A Job

It was around 5pm before I was lastly in a position to locate Aisha’s property at North Kaneshie. Coasters for a Trigger: Six Flags Fantastic Escape in upstate NY makes it possible for organizations who sell discounted tickets to keep $five of the proceeds for select dates. Unless a distress sale proceeds by UCC foreclosure, or out of bankruptcy, any buyer of a enterprise overwhelmed with debt can potentially inherit all or portion of that debt even if the contract specifies that the purchaser is not assuming any liabilities. Don’t treat me like I am a chore – or just an additional item on a checklist you want to finish up by noon.

Notifying customers of your sale (as lengthy as you are confident it won’t harm your business if your buyers know you’re seeking to sell). A very good dropshipping supplier will provide you with a excellent wholesale value, … Read More