One stock well above its 200-day moving average has more room to run, traders agree
The 200-day dread is creeping in.
With stocks dropping Friday as coronavirus cases rise in some reopened states, the stocks most above their 200-day moving averages are looking increasingly at risk of mean reversion.Stocks most above their 200-day moving averagesStock % above 200-day moving average Nvidia (NVDA)47%PayPal Holdings (PYPL)47%Regeneron Pharmaceuticals (REGN)44%Amazon.com ... Continue reading
More than 500,000 people have died from coronavirus worldwide as infections continue to surge
The coronavirus has now killed more than 500,000 people around the world as the number of confirmed infections exceeded 10 million, according to data compiled by Johns Hopkins University.
The United States accounts for more than 20% of all reported deaths caused by Covid-19, more than any other country in the world, according to Hopkins' data, followed by Brazil, the U.K., Italy and...Continue reading
California orders bars to close in Los Angeles and other counties over coronavirus spread
California Gov. Gavin Newsom on Sunday ordered bars to shutter in several counties in the state including Los Angeles, citing the rising spread of the coronavirus.
The governor, in a tweet on Sunday, said that bars in Fresno, Imperial, Kern, Kings, Los Angeles, San Joaquin, and Tulare counties must close.
He also recommended that bars in Contra Costa, Riverside, Sacramento, San Bern...Continue reading
Plastic waste surges as coronavirus prompts restaurants to use more disposable packaging
As the country re-opens after months of lockdowns, consumers and restaurants have become more dependent on single-use plastic bags, containers and utensils due to health concerns prompted by the coronavirus pandemic.
Before the start of the outbreak, cities and states were making some progress on banning plastic bags, shifting away from single-use plastic — which ends up sitting in the oc...Continue reading
Arizona nursing homes brace for another coronavirus surge as cases continue to rise
As the coronavirus continues to spread across the U.S., causing dramatic spikes in the number of new cases in states that have reopened, the older population may have to prepare themselves for another round of quarantine.
States such as Arizona, Florida and Texas have been reporting record-breaking spikes in the past weeks as they continue their plans to reopen while ramping up testing. A...Continue reading