16 March Watchlist 👀

Table of Contents

 

Today we are watching…

1. Bank of America (#bankamer)

Bank stock investors may need to act fast to reverse their positions. Financial giants rely on high-interest rates to earn more from outgoing loans than they pay to savers. The CEO may only have himself to blame, however. At a conference on Friday, Brian Moynihan said the United States was “in a state of war to contain the coronavirus,” calling it “the world’s common enemy.” The Federal Reserve must have only been listening. Luckily, his bank is in a solid financial position. Many investors think Bank of America is in the bargain bin!

2. LVMH (#lvmh)

What better way to promote your corporate social responsibility than by volunteering your factories to produce a vital public resource at a time of need? Starting today, Louis Vuitton Moet Hennessey is using its perfume factory to produce free hand sanitizer for France, aiding in the fight against coronavirus, and balancing out the firm’s use of cheap labour in Asia. The luxury goods group won’t be selling as many Christian Dior, Givenchy, and Hublot products as consumers tighten their purse strings and stay at home this quarter, so why not lend a hand? French officials have already ordered the closure of restaurants, cafés, and non-essential stores.

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PGA Tour Enters Investment Talks 💪

As reported on Thursday, both Endeavor Group and Fenway Sports have displayed interest and begun discussions to provide investment in the PGA Tour.

Nike Just Didn’t Do It 📉

Providing one of the biggest earnings reports of the week, $140 billion shoe and clothing retailer Nike posted a significant slip.

Market Recap – September 28th 💰

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Friday’s PCE price index reading.

The Crude Oil Bust 🛢

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

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