{"id":159010,"date":"2020-04-03T22:09:00","date_gmt":"2020-04-03T22:09:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=159010"},"modified":"2020-04-04T13:02:07","modified_gmt":"2020-04-04T13:02:07","slug":"stocks-slump-but-oil-continues-to-rise","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-slump-but-oil-continues-to-rise\/","title":{"rendered":"Stocks slump but oil continues to rise"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/1349\/Bruce-Campbell-2\">Bruce Campbell<\/a> including <a href=\"https:\/\/stockchase.com\/CHH-T\">Centric Health<\/a> (<strong>A Top Pick Apr 11\/18, Down 42%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>The week ended with Wall Street down around 1.5%, triggered by the latest U.S. <a href=\"https:\/\/edition.cnn.com\/2020\/04\/03\/economy\/march-jobs-report-coronavirus\/index.html\" target=\"_blank\" rel=\"noopener\">unemployment numbers<\/a> which indicate that the job picture in March was the worst since March 2009, the trough of the Great Recession. The backdrop remains the rising number of COVID-19 cases in America, with <a href=\"https:\/\/www.wsj.com\/articles\/global-coronavirus-cases-post-largest-ever-daily-increase-11585908325\" target=\"_blank\" rel=\"noopener\">New York <\/a>comprising around 40% of all U.S. cases and recording its biggest death toll to date. The news is grim, but not unexpected. On Tuesday, <a href=\"https:\/\/www.vox.com\/science-and-health\/2020\/3\/31\/21202188\/us-deaths-coronavirus-trump-white-house-presser-modeling-100000\" target=\"_blank\" rel=\"noopener\">Trump<\/a> and his medical advisors warned that this week and next would be &#8220;very, very painful.&#8221; The Dow is down 29% from its record high in mid-February. On Friday, utilities, financials, materials and especially travel were down. <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> and <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan<\/a> both shed nearly 4%. Healthcare continued to enjoy gains, with <a href=\"https:\/\/stockchase.com\/PFE-N\">Pfizer<\/a> rising 2.34%, as did food. <a href=\"https:\/\/stockchase.com\/KO-N\">Coca-Cola<\/a> popped 4% and <a href=\"https:\/\/stockchase.com\/BYND-Q\">Beyond Meat<\/a> sizzled by 3.38%.<\/p>\n<p>The TSX fared a little better, losing 1.22% on Friday with investors hoping that Monday&#8217;s <a href=\"https:\/\/edition.cnn.com\/2020\/04\/03\/business\/oil-prices-opec-meeting\/index.html\" target=\"_blank\" rel=\"noopener\">emergency OPEC meeting<\/a>, including OPEC+ member Russia, will result in easing or ending the oil war that has inflicted more pain on battered world markets. Like the day before, Friday&#8217;s biggest gainers on Bay Street were all oil names, starting with <a href=\"https:\/\/stockchase.com\/NVA-T\">Nuvista<\/a> (36%) and including Crescent Point (11.81%) at high volumes. WCS oil leapt $3 to nearly $12.<\/p>\n<p>Looking ahead, investors are taking note of <a href=\"https:\/\/www.dw.com\/en\/china-manufacturing-rebound-provides-sign-of-post-coronavirus-hope\/a-52966250\" target=\"_blank\" rel=\"noopener\">China&#8217;s rebound<\/a>. Last Tuesday&#8217;s PMI figure of 52, easily beat expectations of 44.8 and soared above the previous month&#8217;s (February) of 35.7. Though China still has a ways ago to full recovery, the PMI remains hopeful news for western economies that are still struggling with the virus. According to <a href=\"https:\/\/coronavirus.jhu.edu\/map.html\" target=\"_blank\" rel=\"noopener\">Johns Hopkins live data,<\/a> new cases in Germany and Britain continue to rise, but Italy has been leveling off this week and Spain has been holding steady.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/AXP-N\">American Express<\/a> -4%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan Chase &amp; Co<\/a> -4%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/PFE-N\">Pfizer Inc<\/a> +2.34%<br \/>\n&#x1f964; <a href=\"https:\/\/stockchase.com\/KO-N\">Coca-Cola Company<\/a> +4%<br \/>\n&#x1f969; <a href=\"https:\/\/stockchase.com\/BYND-Q\">Beyond Meat Inc.<\/a> +3.38%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/NVA-T\">Nuvista Energy Ltd<\/a> +36%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp<\/a> +11.81%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Bruce Campbell including Centric Health (A Top Pick Apr 11\/18, Down 42%) Get Premium to receive all past top picks opinions a few hours before market open. The week ended with [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-159010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/159010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=159010"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/159010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=159010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=159010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=159010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}