While out touting the latest quarterly numbers at Berkshire Hathaway, billionaire investor Warren Buffett stated that he had no plans to buy or sell shares of anything simply because of the coronavirus outbreak.
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| |  Good morning. While out touting the latest quarterly numbers at Berkshire Hathaway, billionaire investor Warren Buffett stated that he had no plans to buy or sell shares of anything simply because of the coronavirus outbreak.
Of course, Buffett is sitting on over $100 billion in cash at the moment, so a market downturn would allow him to buy up some great companies at more reasonable prices. We'll be watching Buffett's actions, but appreciate his soothing words during this trying time for stocks.
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| | |  | DOW 27,960.80 | -3.56% | | | | S&P 3,225.89 | -3.35% | | | | NASDAQ 9,221.28 | -3.71% | | | | | *As of market close | | | • | Stocks had their worst day since October 2018, as the coronavirus outbreak in Italy spooked markets. | | | • | Oil prices dropped 3.8 percent, closing at $51.34 per barrel. | | | • | Gold prices tried to hit $1,700, but fell short, sliding to $1,661 per ounce. | | | • | Cryptocurrencies generally declined, with Bitcoin sliding 3 percent to $9,621. | | | | | | | |
| | | Two Dividend Stocks for Troubled Markets | | | | Studies have shown that more than half of an investor's return over a lifetime come from dividends. By getting regular cash payments and reinvesting them in more shares, traders can compound their wealth at a rapid pace.
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| | Insider Activity Report: Enterprise Products Partners (EPD) | | | | Randall Williams, a major holder and director at Enterprise Products Partners (EPD), continues to add to his stake.
In February, he has bought in 50,000 share increments on 13 different trading days. That's a total of 650,000 shares. Each daily buy of this nature costs just over $1.3 million.
Insider data shows these buys are dwarfing all prior buys and sells in the past few years at the company.
» FULL STORY | | | | |
| | Unusual Options Activity: Gilead Sciences (GILD) | | | | April 3rd call options with a $70 strike on Gilead Sciences (GILD)recently saw an 18-fold rise in volume, going from 117 open contracts to over 2,100 trade hands.
The bet, expiring in 38 days, is that shares will head higher. As shares are around $69.50, the bet is almost at-the-money, and could move dollar-for-dollar higher with shares.
The buyer of the option paid about $2.71 per contract, so shares would need to get over $72.70 at expiration for the buyer to profit.
» FULL STORY | | | | |
| | | | TOP | | | REGN | 5.514% | | | | GILD | 4.591% | | | | NEM | 1.659% | | | | CLX | 1.549% | | | | MOS | 1.146% | | | | BOTTOM | | | CCL | 9.427% | | | | CNC | 9.376% | | | | NCLH | 5.327% | | | | RCL | 8.953% | | | | TPR | 8.717% | | | | |
| | |  | | On a day like today, people, for the most part, are making market-wide reactions. They're not discriminating." "When things are placid, people make distinctions. When there's panic, they take them out and shoot them all. | | - Billionaire investor Howard Marks on the market selloff from coronavirus fears and the need to analyze companies individually  | |
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