“I’d definitely call it a panic in the markets,” investor Bill Miller said yesterday about the recent coronavirus-induced volatility, which he calls the 5th great buying opportunity of his adult lifetime. But he adds, “it takes a lot to maintain a panic.”
on Wednesday. "We need to shut it down now... This is the only answer.""If he can save the country from the coronavirus, he will get re-elected," Ackman said.Stocks are halted for trading after the S&P 500 dropped 7%, kicking in the level one "circuit breaker."Natural gas is down 7% today, and is now trading at its lowest level since Sept. 20, 1995.
Around midday, the major averages were down sharply once again as Wall Street continued its volatile streak during the coronavirus crisis. The Dow Jones Industrial Average was down more than 1,300 points, or 6.3%. The S&P 500 and Nasdaq fell 6% and 5%, respectively. Those losses offset a sharp bounce from the previous session, which was sparked by hopes of massive fiscal stimulus. —The iShares U.S.
Spirit Aerosystems is down almost 68% this month, on pace for its worst month ever back to its IPO in 2006TransDigm is down almost 57% this month, on pace for its worst month ever back to its IPO in 2006 —11:35 am: Amid the market volatility, analysts say buy these stocks: Zynga, Kroger, Hershey, Ralph Lauren & moreBank of America upgraded Tesla to neutral from underperform.Bank of America upgraded Ralph Lauren to buy from neutral.Telsey upgraded Kroger to outperform from market perform.
Bernstein upgraded Campbell Soup, General Mills, Conagra Brands and Kellogg to market perform from underperform.Credit Suisse named Constellation Brands a top pick. JPMorgan upgraded D.R. Horton to overweight from neutral and downgraded Lennar and PulteGroup to neutral from overweight.BTIG upgraded Dunkin' Brands to buy from neutral.Barclays downgraded American Airlines to equal weight from overweight.Nomura Instinet initiated Stitch Fix and The RealReal as buy.BloomOil plummeted 16% toas the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction. U.S.
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