Nasdaq News

The coronavirus pandemic could plunge Japan into prolonged economic gloom, Bank of Japan policymakers warned as they eased monetary policy last week, with one member flagging the chance of more stimulus, a summary of their debate at the March meeting showed.

Tuesday was a great day to be long the market. The three major market indexes soared 8% to 11% higher, and you probably had several stocks in your own portfolio bust out with double-digit percentage gains. 

It had never occurred to Michael Bednark to make face shields at his Brooklyn factory before last week, but by Sunday he was carrying a prototype into New York City's health department headquarters, to be appraised by city officials desperate for resources.

Image source: The Motley Fool.

Image source: The Motley Fool.

(RTTNews) - The China stock market has finished higher in two of three days since the end of the seven-day losing streak in which it had surrendered almost 300 points or 10.2 percent. The Shanghai Composite Index now rests just above the 2,720-point plateau and it may add to its

The Dow Jones Industrial Average just gained the most since 1933, while the S&P 500 had its biggest rise since 2008. Those aren’t good periods to emulate.

South Korea's central bank plans to inject dollars into local financial markets this week using a currency swap with the U.S. Federal Reserve to help ease a growing dollar shortage in onshore markets, a senior bank official said.

The dollar halted its decline and gains in riskier currencies petered out on Wednesday as fresh rises in coronavirus cases kept markets on edge and the greenback funding market tight.

Mainland China reported a drop in new confirmed coronavirus cases on Wednesday as imported infections fell and no locally transmitted infections were reported, including in central Hubei province, the epicentre of the outbreak in China.

Despite the popularity of at-home entertainment options in the wake of the SARS-CoV-2 coronavirus outbreak, on Tuesday Comcast (NASDAQ: CMCSA) put investors on notice that its financial performance in the proximate future is likely to suffer. On Tuesday, the company wrote in a

What happened Shares of Mastercard (NYSE: MA), Visa (NYSE: V), and American Express (NYSE: AXP) all rose more than 13% on Tuesday, as news of an impending stimulus deal sparked a major rally in the U.S. financial markets.

There is no doubt that the coronavirus driven decimation of the market has presented investors with fresh opportunities out of reach before the outbreak began. Alphabet (GOOGL) is a case in point. The stock is down 16% year-to-date (after today's 7% pop).

The silver lining for investors has not gone unnoticed by Tigress Financial’s Ivan Feinseth. The 5-star analyst reiterated his bullish stance on Alphabet shares with a Strong Buy rating. (To watch Feinseth’s track record, click here)

The current vote of confidence in GOOGL, which has widespread support all over the Street, is a clear indication of of the company's resilient business model. The health of GOOGL’s finances has become even more pronounced, especially when you take into consideration it will see a significant slash to its main source of income in the short term. After all, advertising revenue amounted to a massive 83% of Alphabet’s total $162 billion revenue in 2019. As marketing budgets receive extreme haircuts on account of the coronavirus’s sharp impact, the search giant will lose a huge source of income. But along with a shiny balance sheet (almost $120 billion in cash and marketable securities), and what amounts at Alphabet to negligible debt (less than $5 billion), the all-conquering Google has it fingers in so many pies, and is at the forefront of so many technological advancements, that it is more than capable to blunt the short term impact.

The list of “innovations and new initiatives,” goes on and on, as Feinseth notes, “GOOGL continues to build on its strength in all key technology growth areas, including Search, mobile, cloud, data center, e-commerce, entertainment, home automation, and autonomous vehicle technology, as well as health and fitness. GOOGL’s leadership position and strong balance sheet will provide resistance to the coronaviruses’ negative economic impact. The recent coronavirus and market-related pullback represent a major buying opportunity, and believe significant upside exists from current levels.”

Does the Street agree with the Tigress analyst? It does, with 100% certainty. A unanimous 35 Buy ratings add up to a Strong Buy consensus rating. At $1623.91, the average price target represents upside potential of 54%. (See Google stock analysis on TipRanks)

(RTTNews) - The Malaysia stock market has finished higher in two of three volatile trading days since the end of the six-day losing streak in which it had dropped almost 230 points or 17.5 percent. The Kuala Lumpur Composite Index now rests just above the 1,290-point plateau and

There's the novel coronavirus, and there are the policy measures being enacted to try and restrict its growth. Both the measures and the virus are having a severe impact on the growth of the global economy, and the stock market is busy pricing that in. Unfortunately, it's imposs

A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S. regulatory filing.

South Korea said on Wednesday it will further loosen key capital flow rules temporarily to encourage local financial institutions to supply more dollars as the coronavirus pandemic continues to send shock waves through global markets.

The one-year postponement of the 2020 Tokyo Olympics could open the door for convicted drug cheats to compete for medals, an issue that will need to addressed, United States Anti-Doping Agency (USADA) chief Travis Tygart said on Tuesday.

(RTTNews) - The South Korea stock market has finished higher in two of three volatile days since the end of the seven-day losing streak in which it had fallen more than 510 points or 29 percent. The KOSPI now rests just above the 1,600-point plateau and it may extend its gains o

(RTTNews) - Retail giant Walmart (WMT) has announced plans to hire 150,000 employees to fill roles across its supply chain, including in distribution and fulfillment centers.