American Economics Thread

AndrewS

Brigadier
Registered Member
Only buy integrated companies, so for Canada it is Imperial Oil or Suncor or husky. Full disclosure, I work for Suncor and obviously own Suncor shares.

In an oil crash, the downstream side of the business (refineries) will make a ton of profit vs losses in the upstream side (oil production). That's why you won't see gas prices crash to 40 cents a liter.

If buy American companies, get ExxonMobil. I used to work for ExxonMobil's Canadian affiliate (Imperial oil). Chevron sold most of their downstream assets awhile ago. You can also buy pure downstream plays, like Tesoro oil.

I wouldn't buy anything at the moment. It's nowhere near the bottom.

For downstream oil (refineries), wouldn't disappearing demand also force some refineries to go bankrupt?
 

Tam

Brigadier
Registered Member
I wouldn't buy anything at the moment. It's nowhere near the bottom.

For downstream oil (refineries), wouldn't disappearing demand also force some refineries to go bankrupt?

I won't touch anything to do with hydrocarbon, hospitality, and transportation right now.

I would deal with biotech, cloud, gaming and streaming companies.
 

Gatekeeper

Brigadier
Registered Member
After two hours of trading today.

DOW UPDATE
Boeing, Home Depot share losses contribute to Dow's 638-point drop
By MarketWatch
Published: Mar 19, 2020 9:45 am ET
 

PiSigma

"the engineer"
I won't touch anything to do with hydrocarbon, hospitality, and transportation right now.

I would deal with biotech, cloud, gaming and streaming companies.
Agree. Bottom in North America will happen in 3-4 weeks.
 

MrCrazyBoyRavi

Junior Member
Registered Member
Apologies if its not related to the thread.
Can some one suggest me what stocks to buy? Just deposited 500$ on robinhood and planning to invest about 3000$ on stocks. All the stock price in usa are down. What companies are profitable for short term long term investment?
 

Hendrik_2000

Lieutenant General
Italy’s Coronavirus Death Toll Surpasses That of China
Zachary Evans
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March 19, 2020, 12:57 PM CDT

da41cb4eb48db0b8399e6360ff9125ef

The death toll from Wuhan coronavirus in Italy has surpassed the number of reported deaths in China, marking a new milestone in the coronavirus pandemic.
Italy reported 427 new deaths from the coronavirus on Thursday, with a total of 3,405 to China’s 3,245, according to
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.
Italy now has 41,035 confirmed cases of coronavirus. The country remains on lockdown with travel restrictions between provinces as authorities struggle to contain the spread of the illness.
Most of Italy’s cases are centered in the country’s northern Lombardy region, home to the city of Milan. Videos shot by townspeople in Bergamo, near Milan, showed Italian soldiers arriving in a column of military vehicles to remove the bodies of coronavirus victims. Bergamo’s cemeteries did not have the capacity for all the bodies.
Italy’s government is considering further measures to reduce the amount of time spent outside their homes.
“I hope there will soon be measures to restrict people jogging or going out for walks,”
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Luca Zaia, the governor of the Veneto region neighboring Lombardy. “I’m sorry about that but the alternative is intensive care, hospitalization and contagion.”

Meanwhile, China on Thursday reported zero new cases of the coronavirus in the outbreak’s epicenter of Wuhan. However, the country’s number of reported cases has come under scrutiny as the Chinese Communist Party has restricted foreign and domestic journalists in their coverage of the outbreak.
On Wednesday China announced the expulsion of all American reporters for the New York Times, Wall Street Journal, and Washington Post from mainland China, Hong Kong and Macau. The U.S. National Security Council
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the move.

“The Chinese Communist Party’s decision to expel journalists from China and Hong Kong is yet another step toward depriving the Chinese people and the world of access to true information about China,” the NSC said in a statment posted on Twitter. “The United States calls on China’s leaders to refocus their efforts from expelling journalists and spreading disinformation to joining all nations in stopping the Wuhan coronavirus.”
 

PiSigma

"the engineer"
I
Apologies if its not related to the thread.
Can some one suggest me what stocks to buy? Just deposited 500$ on robinhood and planning to invest about 3000$ on stocks. All the stock price in usa are down. What companies are profitable for short term long term investment?

I bought Fujifilm yesterday, but they are down again.

Get some telecommunications stock.

My entire portfolio is down 20%, it would be 40% if not for all the healthcare ETFs I have surging like crazy.
 

2handedswordsman

Junior Member
Registered Member
I


I bought Fujifilm yesterday, but they are down again.

Get some telecommunications stock.

My entire portfolio is down 20%, it would be 40% if not for all the healthcare ETFs I have surging like crazy.

OMG you are publicly gambling? Nice times to do i agree :p Moderators?
 

MrCrazyBoyRavi

Junior Member
Registered Member
I


I bought Fujifilm yesterday, but they are down again.

Get some telecommunications stock.

My entire portfolio is down 20%, it would be 40% if not for all the healthcare ETFs I have surging like crazy.
I am thinking about ADPT for short term and Fb, tesla, microsoft for long term.
 
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