Sales & Marketing news

• The national debt tops $26 trillion for the first time as the federal government ramps up coronavirus relief spending

  14-06-2020 14:30 via feedproxy.google.com
  
  The federal debt surpassed $26 trillion this week amid ramped-up government spending to combat the economic fallout of the coronavirus pandemic.
  The Committee for a Responsible Federal Budget estimated the debt will grow by $4 trillion this year.
  The government unleashed spending to keep businesses and people afloat during the economic shutdown.
  Experts say concerns about the debt should be swept aside to deal with the pandemic.
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• Beware the 'Portnoy top': A former Wall Street chief strategist breaks down how the day-trading exploits of Barstool Sports' founder highlight an 'unholy speculative mix' infecting stocks

  14-06-2020 14:15 via feedproxy.google.com
  Barstool Sports founder David Portnoy has made waves in recent weeks for his rambunctious day-trading and encouragement of similar risk-loving investors. 
  Yet Portnoy's actions point to a severe dislocation between stock prices and economic reality that risks a return to bearish territory, according to Peter Cecchini, the former global chief market strategist at Cantor Fitzgerald.
  Government stimulus checks accelerated the growth of casual retail investing with discount brokerages like Robi
  
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• Warren Buffett loaned $300 million to Harley-Davidson during the financial crisis. Here's the story of how he helped the motorcycle maker.

  14-06-2020 13:27 via feedproxy.google.com
  Warren Buffett loaned about $300 million to Harley-Davidson during the financial crisis.
  "It was the bridge we needed to get us through a rough time," the motorcycle maker's finance chief said in 2014.
  Buffett's Berkshire Hathaway probably netted about $150 million in profit from the five-year loan, but could have made more than $1 billion if it had invested $300 million in Harley-Davidson stock over the same period."I knew enough to lend them money; I didn't know enough to buy the equity," Buff
  
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• Global stocks could soar 47% from current levels as recent sell-off rejuvenates the bull market, JPMorgan says

  14-06-2020 13:26 via feedproxy.google.com
  Thursday's steep sell-off that sent the Dow Jones industrial average down nearly 2,000 points was most likely caused by no new policy actions announced by the Fed, JPMorgan said in a note on Friday.
  But the sell-off "likely removed some of the froth in the equity positioning space" and will help "rejuvenate the equity bull market," according to the note.
  The bank still sees plenty of upside left for stocks in the medium to long term, and thinks global equities could rise 47% from current levels.
  
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• The recent stock-market crash and the Great Depression of 1929 share an unnerving similarity that suggests the recovery will be more painful than many investors expect

  14-06-2020 13:24 via feedproxy.google.com
  
  Cyclical stocks have historically shown great sensitivity to economic growth and served as reliable forward-looking indicators of both market and economic recoveries. 
  Since the market's bottom in March, cyclicals have mostly underperformed the broader market and are signaling to Societe Generale strategists that the recovery is not as airtight as the rally indicates.
  Their trajectories after the 1929 and 1932 market downturns provide templates for how this recovery may unfold. 
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• Bernstein says buy these 7 stocks that are unfairly beaten-down and built for explosive gains in the future

  14-06-2020 13:24 via feedproxy.google.com
  
  Inigo Fraser-Jenkins of AllianceBernstein is giving investors a list of seven inexpensive "value" stocks that steer clear of the usual value standbys of financial and commodity stocks.
  Fraser-Jenkins says these stocks haven't made big gains in the recent value-stock rally, and they have some strong business fundamentals.
  That means they could be worth buying for reasons other than their low prices.
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