Top Ten: Weekend reads: What corporate insiders are doing as the coronavirus spreads and the stock market tanks
As the coronavirus continues to spread, investors have been on a volatile ride. You might expect corporate insiders — the officers, directors and largest shareholders with the best position to see how their companies are faring amid turmoil in global consumer, commercial and financial markets — to be buying heavily discounted share of their own companies.
But insiders are scared — their sales of their own companies’ shares into a down market are outweighing insider buying, according to data reviewed by Mark Hulbert.
That said, some insiders are buying, which might be a bullish sign. Michael Brush lists nine companies whose executives are buying their own beaten-down stocks.
The coronavirus and the economy
Friday’s employment report showing the U.S. economy added 273,000 jobs during February, with the unemployment rate falling back to a 50-year low of 3.5%, did nothing for the stock market. The Dow Jones Industrial Average
fell as much as 819 points, or 3.1% Friday morning, and the S&P 500
was also down as much as 3.1%.
Rex Nutting explains that previous predictions that the viral outbreak’s harm to the U.S.would spring from supply disruptions are outdated — consumer behavior is changing and millions of jobs are at stake.
What your workers really want
Adrian Gostick and Chester Elton explain the one thing leaders can take to improve their employees’ levels of satisfaction — and it isn’t about paying them more. Bosses may think they are already following this advice, but workers say most do it badly.
Click here for more from MarketWatch’s BookWatch column.
How low can mortgage loan rates go?
As stocks drop and the Federal Reserve responded Tuesday with an emergency interest-rate cut, the yield on 10-year Treasury notes
has plunged to just 0.68% by Friday morning, down from 1.13% a week earlier and 1.92% at the end of 2019.
Mortgage loan rates typically move in line with long-term Treasury rates. That should be good news for homeowners. But there’s a limit: Quicken Loans CEO Jay Farner doesn’t see 30-year mortgage rates falling below 3%.
Should you refinance? Here are 5 factors to consider before you refinance your mortgage
Leading Apple’s evolution
Michael Hageloh — a former Apple
executive — believes investors should be grateful Tim Cook, not Steve Jobs, is running the company right now.
Stocks to consider for the long term, when interest rates are low and the market is down
Richard Saperstein of Treasury Partners outlined two strategies for investors who need to assume more risk to maintain the income they draw from their portfolios.
John Buckingham, the editor of the Prudent Speculator, believes it is time for long-term investors to buy cruise line stocks.
A stock-market surprise
Can we retire before we turn 60?
Catey Hill works with financial planners to help a couple crunch the numbers and figure out if their savings plan will enable them to achieve their retirement goal.
The question so many have about Roth IRAs
Meghan and Harry have a problem
When Meghan Markle and Prince Harry fled their royal responsibilities, they thought Canada would pay for security. Canada says no. Here’s what this critical expense could cost them.