The Dow Jones Industrial Average fell by more than 500 points intraday Wednesday before heading back to green later in the session. Stocks stumbled early after prospects for a U.S./Chinese trade war heated up, with Beijing unveiling new proposed tariffs on more U.S. goods.
Jim Cramer: Cash Is King
"Cash has become king until we get some clarity on what the White House plans next with China," writes TheStreet's Jim Cramer.
Cramer says that "we've seen that 2018 is totally different for this White House than 2017. We have a president who feels that corporate America got what it wanted with tax reform so now it has to pay the price for getting trade deals that are fair and free."
Trade War! Game On: Market Recon
Real Money columnist Stephen Guilfoyle asks: "Just posturing? US President Trump, and Chinese President Xi are playing a high-stakes game of chicken....Obviously, these two leaders play the game like they fear nothing. NOTHING."
Is there any good news? "US companies still have until May 22 to make comment. The public hearing is currently scheduled for May 15th. The Chinese Ministry of Commerce did not publicly state when their tariffs would commence either," notes Guilfoyle, "Hmm."
3 Dividend Stocks for Retirement
"If you are looking for dividends in retirement, stick to companies that appear to have staying power, those that have a moat, have a long dividend history and are less likely to cut their payouts,"says Real Money columnist Jonathan Heller.
He adds, "They may be boring, old names, but boring and old are not a bad thing if you want to get paid. There are many candidates to choose from." He offers a few names to consider and a word of caution, here.