Steve bannon, former advisor and kingmaker to president Donald Trump who left Washington somewhat in disgrace, is back with a podcast being done out of the old headquarters of Breitbart news. The basement of his Washington DC townhome. He’s doing a podcast called The War Room with old political friends and allies including Raheem Kassam who is a longtime friend of Bannon and Nigel Farage, the man behind Brexit. Whether you like Bannon or not, his podcast will become popular and he still wields powered in Washington. He will still get Republican powerhouses on his podcast, and he will get them to say things no one else can get them to say, and this is all leading up to President Trump’s reelection bid. He has already pulled powerhouse names onto his podcast like Rudy Giuliani and Representative Matt Gaetz. He is back and love him or hate him, he will not be ignored. Anyone who is smart would never ignore Steve Bannon. He wouldn’t let you anyway.
Healthcare Stocks
According to reports the rate of infection has slowed in China, but Covid-19 has spread to countries like Italy, Israel, South Korea, Austria, Switzerland, Croatia and Iran. In fact, healthcare officials have hinted that the virus has potential to be a global pandemic, which is enough to scare investors as we can clearly see from the market’s reaction. That should mean there are some good health care stocks to buy comma and you’re already seeing good reactions in stocks like Moderna (NASDAQ: MRNA) and Gilead (NASDAQ: GILD). There will definitely be some health care stcoks that will turn to gold when treatments get through trials and hit market, and even better than that. a vaccine. People forget however with the constant news flow of the coronavirus comma the Bernie Sanders is still the frontrunner for the Democratic presidential nomination period if he wins the nomination and then God forbid wins the presidency, health care stocks in general will be headed for a bigger fall than anyone expects. Medicare for all, is not good for health care or pharmaceutical stocks. So, we buy on the coronavirus dip. and we sell on any sign of a Bernie Sanders election.
Huge Swings in GH
Guardant Health Inc (NASDAQ: GH) has had some volatility the last 2 days. GH is a precision oncology company, that provides blood tests, data sets, and analytics, for cancer doctors and hospitals and their stock climbed $5.71 or 7.53% on Wednesday after reporting narrower than estimated loss in the fourth quarter. They reported a loss of $25.2 million or $0.27 in the fourth quarter compared with $25.1 million or $0.30 per share loss for the same period last year. 7 analysts on average polled by Thomson Reuters were expecting loss of $0.31 per share. Revenue increased 91% year-on-year to $62.9 million, helped mainly by 104% increase in precision oncology revenue on higher testing volume. Then Thursday the stock lost more than half of that gain. GH finished down 5.33% following the rest of the market. Great earnings, followed by a loss driven mostly by the major indexes being down over 4% means that when the indexes recover this is an individual stock that can outperform. So keep an eye on GH as a company you may want to buy when the market recovers
Amazon Moves to Stop Virus Price Guaging
Amazon (AMZN{NASDAQ), the world’s largest online marketplace Has noticed coronavirus-based price gouging and they’re moving to stop it. Amazon told CNBC it has blocked or removed more than 1 million products that made crazy or misleading claims about the coronavirus. The company said it also suspended or took down tens of thousands of offers from third-party merchants it accused of charging customers unfair prices. Amazon didn’t give specific figures for how many listings it removed or suspended for price gouging. “There is no place for price gouging on Amazon,” an Amazon spokesperson said in a statement. The spokesperson pointed to Amazon’s “long-standing” policy on fair pricing, which states that the company doesn’t allow pricing practices that harm consumer trust, such as setting a price on a product that is “significantly higher than recent prices on or off Amazon.” There’s definitely some negativity towards Amazon as it dominates online retail, which makes this a good PR move, unlike the failed PR move Jeff Bezos committed to regarding climate change.
Rate Cuts Are Now Priced In
According to CME Group’s Fed Watch tool, the markets are now pricing in a more than 60% chance of 3 rate cuts in 2020, the first one coming in March which is showing a 98% chance of a cut. This rate cut is going to happen, but there’s still time for the next 2 to be put on hold. It’s a terrible idea to cut rates when there’s been no data showing a slowdown and inflation is still running a 2% year over year. The coronavirus will cause an economic slowdown, but there’s no way to tell how deep it’s going to be especially in the US. If the Fed cuts rates prematurely based solely off a virus-driven slowdown, most of which is likely temporary, they will have a massive problem sparking the in the future if they need to. There simply isn’t anything the Fed can do to generate GDP growth give the circumstances. Lower rates and quantitative easy isn’t going to make a scared public leave the house and spend