Did anybody here get tested for Covid-19? Asking for a friend.
I know someone who had a private test in the UK. Folks I know overseas got theirs done through drive-throughs.
It has begun
- J.C. Penney has chosen not to make a roughly $12 million interest payment due on April 15.
- It has now entered a 30-day grace period “in order to evaluate certain strategic alternatives, none of which have been implemented at this time.”
- Penney has been in talks with its lenders since the middle of 2019, to strengthen its balance sheet.
@Noobieofshares You may find it interesting following how all them retailers are coping with repaying liabilities in 2020 when there’s barely any foot traffic and their online operations are not up to 2020 standards. This could be educational, since you asked what happens when (or if) firms get taken overs by lenders.
Some thoughts on the value of the S&P500:
Gilead up 13% aftermarket on the back of this. Could be game changing if correct. Stock on the FT app
No doubt Americans are ‘buying the rumour & selling the news’.
Well, it’s a rumour. So they are buying the rumour. Then they’ll sell the news.
Personally, it’s all about how undervalued the uk is currently. The uk seemed undervalued even pre-virus. Since 2016 the uk has been held waaaay back, add-in this recent drop and judging by the CAPE chart, there seems to be lots of value in the uk.
World valuation’s chart
https://www.starcapital.de/en/research/stock-market-valuation/
Toilet paper venture down the drain
Very useful link, thanks for sharing.
Gilead Sciences posting promising results of their testing.
Market looking good this morning.
Also some good dividend yields in UK from good stable companies. OK the Banks have all cut the dividend now, but I reckon those dividends will be back to where they were in 6 months
Nasdaq and NYSE are where “information tech” companies want to list. They get more coverage from brokers/bank analysts/the press there → more investors get to understand them → larger trading volumes → more potential to grow the market cap. Compare that to the GBP-denominated market (where £ is a niche currency) or German DAX (that’s in EUR). Germany has SAP and the autos. Most money is in USD.
There’s a small matter of Brexit still to resolve too…
Facebook says no large meetings over 50 until June next year
Facebook are a data powerhouse. Every spring, their F8 developer conferences attract massive crowds. Google holds massive events for software geeks called I/O. In addition, there’s the gaming and security events from around March until autumn. Machine learning folks party all year round (there were over 10,000 in Canada in December).
So, I can recall when FB told its employees they should work from home from 6 March - that’s like a year ago, right? (Facebook recommends working from home for all Bay Area employees due to coronavirus)
That was a good sign.
UK didn’t enter an official lockdown until 23 March, when North California (where Facebook is headquartered) and all of California were already under a shelter in place order.
Now, FB say they won’t hold large meetings at the company until June 2021.
Maybe that’s a good indicator for when we should expect to get back to normal. No bowling, flying overseas, sailing on a discounted cruise ship to 
[Covid-19 nightmare in a tin at sea], attending concerts or theatre plays for a long time.
- Additionally, Zuckerberg said Facebook will not host any physical events consisting of 50 or more people through June 2021.
“It’s clear that the return to work, when it happens, it will have to be done in a staggered way,” Zuckerberg said at during CNN town hall about the coronavirus with his wife, Dr. Priscilla Chan.
‘The market is just thrilled that now we’re talking about reopening’
I’m a bear and may get an egg in my face:
Bears looking for a retest of the market lows may soon have egg on their face.
“Depending on how the market plays out over the next couple of days, this might be all she wrote in terms of a retest,” Sam Stovall, chief investment strategist at CFRA tells Yahoo Finance.
”If we end up seeing some sort of an improvement in earnings estimates as the year progresses, then I think, you know, we could actually be seeing a positive second half,” said Stovall.
