Aging Baby Boomers

3 Stocks to Play a Coronavirus Recovery

A cruise line, a discount retail mall operator, and a restaurant chain might not be at their best right now, but they should lead the way in the pandemic recovery efforts.

Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Soared Today

Cruise ship stocks surged on Friday after a surprising jobs report boosted investors' hopes for a faster-than-expected economic recovery. As of 1:30 p.m. EDT, shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) were all up more than 20%. The U.S. economy added 2.5 million jobs in May, according to the Labor Department, which brought the unemployment rate down to 13.3%.

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  Unemployment Dips as Economy Adds 2.5 Million Jobs in May, Defying Dire Predictions

  National Review
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  May’s unemployment report was stunning — here’s what happened, and why economists got it wrong

  Fox Business

Why Royal Caribbean's Shares Rose 10.9% in May

Shares of Royal Caribbean (NYSE: RCL) rose 10.9% in May, according to data provided by S&P Global Market Intelligence. Royal Caribbean provided a business update in early May regarding COVID-19. CEO Richard Fain also provided details on actions taken to provide guests with flexibility and peace of mind.

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  Royal Caribbean Gets Even More Creative on Its New Debt Raise

  Motley Fool
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  Royal Caribbean Raising $2B by Adding on Even More Debt

  Motley Fool

Royal Caribbean (RCL) Boosts Liquidity, Raising $2 Billion

Royal Caribbean (RCL) is raising an extra sum of $2 billion in senior and convertible notes.

Royal Caribbean Sells $2 Billion of Bonds to Boost Liquidity

(Bloomberg) -- Royal Caribbean Cruises Ltd. sold $2 billion of bonds on Thursday, the cruise liner’s second outing in the credit market in less than a month as its seeks to boost liquidity while the coronavirus keeps ships at port.The three-year bonds sold at par with a coupon of 9.125%, significantly lower than where it priced similar debt last month. Those borrowing rates were also lower than earlier discussions of 9.25% to 9.5%, according to people familiar with the matter.The unsecured notes are structured with a similar priority guarantee as the bonds Royal Caribbean sold in May, but are linked to a different pool of seven ships valued at about $7.7 billion. Bondholders are first in line for those assets, even though they are unsecured, according to a person familiar with the matter.The company has the ability to issue $1.7 billion of debt with this structure, leaving $700 million remaining, according to a report by CreditSights analysts James Dunn and Laura Berman. The bonds will be issued out of a new subsidiary that will own 100% of ships including Symphony of the Seas and Oasis of the Seas, “the crown jewels of the fleet in that they are the newest, most modernized ships, with an average age of less than five years”, the analysts said.Royal Caribbean also raised $1 billion through three-year convertible bonds, which priced with a 4.25% coupon, below the initial offering range of 5% to 5.5%, and at the high-end of the marketed conversion premium, or 25%. The convertible bonds are unsecured and do not have the same guarantee as the other bonds, according to a news release.Proceeds from the offering will be used to add cash to the cruise company’s balance sheet, bringing the total to about $6.6 billion, according to deal documents seen by Bloomberg. Including the new sale, total debt will sit at about $18.9 billion, or $12.3 billion excluding the cash. Royal Caribbean is burning about $250 million to $275 million of cash per month, the company disclosed earlier.The new $2 billion of cash will give the company enough liquidity to last until at least mid-2021 even if cruises don’t resume by then, according to a report on Thursday by Moody’s Investors Service. It assigned the notes a rating of Ba2, or two levels below investment grade, and its outlook remains negative.A representative for Royal Caribbean declined to comment. A representative for JPMorgan Chase & Co., which is leading both offerings, didn’t respond to request for comment.Shares of Royal Caribbean are up 5% in premarket trading on Friday.Unique StructureRoyal Caribbean sold $3.3 billion of secured bonds in May at steep yields of about 11.7% and 12.3% for the three-year and five-year notes, respectively. Strong demand allowed it to cut the interest rate slightly on the three-year notes at the time.Those bonds have rallied amid a broad recovery in credit markets, with the three-year and five-year notes yielding between 8.6% to 8.7%, according to Trace data. The company’s quick return to the bond market on Thursday comes as Wall Street banks are urging companies to tap the market while they can.The gradual reopening of businesses after months-long shutdowns and a pick up in manufacturing activity have given investors reason for optimism in recent weeks. But underwriters who cater to heavily indebted corporations are offering their clients a bleak preview of what may lie ahead.Royal Caribbean’s bonds issued in May used a unique structure that allowed the company to pledge assets to investors while getting around a secured debt limit from its investment-grade style covenants. Loan document restrictions mean the company still can’t exceed its secured debt cap of $1.66 billion because the company fell into junk ratings.Read more: Behind Royal Caribbean’s lifeline, a shrewd bond maneuverS&P Global Ratings graded the new guaranteed notes at BB and placed the company’s ratings on review for downgrade on expectations the new debt could hurt cash flows and pressure recovery plans.The company fell into junk in May after Moody’s downgraded the unsecured debt rating to Ba2. S&P cut the company to high yield in April.Royal Caribbean’s offering is one of several deals from companies in the cruise sector. Viking Cruises Ltd. sold $675 million of secured bonds in May at a 13% coupon after adding investor protections. Carnival Corp. completed a $4 billion secured offering in April and Norwegian Cruise Line Holdings Ltd. sold $675 million of secured notes in May.(Updates with convertible bond pricing in fifth graph, and Friday’s pre-market stock move)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  Morgan Stanley Deboards From Cruise Lines, Bearish On Carnival, Norwegian And Royal Caribbean

  Benzinga
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  Royal Caribbean Gets Even More Creative on Its New Debt Raise

  Motley Fool

Royal Caribbean (RCL) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Royal Caribbean (RCL) closed at $57.69, marking a -0.72% move from the previous day.

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  Slack Technologies (WORK) Reports Q1 Loss, Tops Revenue Estimates

  Zacks
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  Intelsat (INTEQ) Reports Q1 Loss, Lags Revenue Estimates

  Zacks

Invacare Corporation Completes Private Exchange to Retire Approximately $35 Million Principal Amount of Its 5.0% Convertible Senior Notes Due 2021 and Approximately $39 Million Principal Amount of Its 4.5% Convertible Senior Notes Due 2022

Invacare Corporation (NYSE: IVC) (the "Company") announced the completion today of its previously announced separate private exchange transactions in which certain holders of its 5.0% Convertible Senior Notes due 2021 (the "2021 Notes") and certain holders of its 4.5% Convertible Senior Notes due 2022 (the "2022 Notes") exchanged approximately $35.4 million in aggregate principal amount of 2021 Notes and $38.5 million in aggregate principal amount of 2022 Notes, for aggregate consideration of approximately $73.9 million in aggregate principal amount of new 5.0% Series II Convertible Senior Exchange Notes due 2024 (the "New Notes"). Exchanging holders of the 2021 Notes received an equal principal amount of New Notes, plus an amount of cash equal to the accrued and unpaid interest on the exchanged 2021 Notes up to, but excluding the closing date and approximately $4.2 million in cash. Exchanging holders of the 2022 Notes received an equal principal amount of New Notes, plus an amount of cash equal to the accrued and unpaid interest on the exchanged 2022 Notes up to, but excluding the closing date and approximately $1.3 million in cash. Following the closing of these transactions, approximately $25.7 million in aggregate principal amount of the 2021 Notes and $81.5 million in aggregate principal amount of the 2022 Notes remain outstanding with terms unchanged.

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  Reinsurance Group Offers $600 Million Senior Unsecured Notes

  Zacks
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  Varex Prices Offering of $175 Million 4.00% Convertible Senior Notes Due 2025

  Business Wire

Royal Caribbean Gets Even More Creative on Its New Debt Raise

After being downgraded to junk status in May, Royal Caribbean scrambles to raise as much money as it can.

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  Royal Caribbean (RCL) Boosts Liquidity, Raising $2 Billion

  Zacks
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  Why Royal Caribbean's Shares Rose 10.9% in May

  Motley Fool

Royal Caribbean Raising $2B by Adding on Even More Debt

A dry-docked Royal Caribbean Cruises (NYSE: RCL) is heading back to the debt markets to raise cash and boost its liquidity during the COVID-19 pandemic. The cruise ship operator is raising an additional $2 billion in bonds and convertible notes less than one month after it sold over $3 billion in senior secured notes at high interest rates. To attract investors, it gave them priority interest in entities that owned 28 of its cruise ships, putting them second in line to collect if Royal Caribbean ran aground.

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  Royal Caribbean (RCL) Boosts Liquidity, Raising $2 Billion

  Zacks
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  Why Is Methanex (MEOH) Up 33.2% Since Last Earnings Report?

  Zacks

Watch out: This is the age where you should definitely stop trading stocks

For more investors, low cost index funds, especially exchange-traded index funds, are the way to go. How annuities could protect your retirement income Annuities can help plan for retirement during a volatile market. Maybe you saw the study which found that 10% of retail investors beat the market indexes over time.

Silversea Welcomes Silver Origin To Its Fleet With The First In-Person Cruise Ship Delivery Since The Lockdown

Silversea Cruises, the leading ultra-luxury cruise line, has taken delivery of its first-ever destination-specific ship, Silver Origin, from Dutch shipyard De Hoop. An intimate ceremony, held on Wednesday June 3, 2020, marked the first in-person cruise ship delivery since the pandemic prompted a global lockdown.

UnitedHealth Clearly In Buy Range

UnitedHealth rebounded from its 21-day line, clearly in a buy zone now. It's had various buy points but has been hitting resistance near old highs.

• UnitedHealth Group Invests Additional $100 Million in Affordable Housing to Further Its Commitment to Building Communities That Achieve Better Health Outcomes

  Business Wire
• Dow's nearly 100-point fall led by losses for shares of UnitedHealth, Nike

  MarketWatch

Royal Caribbean Announces Pricing Of Concurrent Offerings Of $2.0 Billion Senior Guaranteed Notes And Senior Convertible Notes

Royal Caribbean Cruises Ltd. (NYSE: RCL) (the "Company") today announced that it has priced its concurrent private offerings of $1.0 billion aggregate principal amount of 9.125% Senior Guaranteed Notes due 2023 (the "Senior Notes"), and $1.0 billion aggregate principal amount of 4.250% Convertible Senior Notes due 2023 (the "Convertible Notes" and, collectively with the Senior Notes, the "Notes").

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  Invacare Corporation Completes Private Exchange to Retire Approximately $35 Million Principal Amount of Its 5.0% Convertible Senior Notes Due 2021 and Approximately $39 Million Principal Amount of Its 4.5% Convertible Senior Notes Due 2022

  Business Wire
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  Reinsurance Group Offers $600 Million Senior Unsecured Notes

  Zacks

A Dicey Year for Dividends (and 4 Stocks for Solid Payouts)

You can still find safe and rising income from stocks -- if you know where to look.

When Stocks Are Down, Grab Your Wish List

Purchasing stocks when the market is hurting requires discipline. But it's the way to get great companies at a reasonable price

Insense Stock Represents the Short-Form Video Revolution

Founded in 2015, Insense is a platform that allows brands to create custom assets and run influencer campaigns at scale, such as for short-form videos. This is definitely a red-hot category because of the growth and dominance social media sites like Snap (NYSE:SNAP), Twitter (NYSE:TWTR), TikTok and Facebook (NASDAQ:FB). Well, interestingly enough, you can also invest in Insense stock.Source: Shutterstock How? The company is currently running an equity crowdfunding campaign on Republic. So far, it has raised $25,924 from 63 investors.So let's get some background on this startup. The founders include Danil and Anton Saliukov, who are brothers that grew up in the Russian city of Ufa (Alexander Fedorenko soon joined them as another founder). Before starting Insense, Anton operated an advertising agency and Danil was a content manager at Qiwi (NASDAQ:QIWI).InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the brothers got the entrepreneurial itch. They saw that they could leverage their online marketing experience and they also had first-hand experience of some of the pain points, such as with Instagram. * 7 Hotel Stocks to Buy Before Vacationing Restarts So, they set out to create a service to provide more transparency, better ad metrics and an easier process for connecting with influencers and professional creators. How It WorksThere are five main steps when using Insense. Here's a look: * Brief: You will fill out a form, which will include the campaign goals, the content needed and so on. Insense will then review it and provide feedback. After this, the brief will be sent to creators (there are over 35,000 in the networks). * Responses: In some cases, a creator will provide a proposal within a few hours. Although, for the most part, there should be enough responses within about three days. Keep in mind that there are no middlemen, such as agencies. * Chat: As you cull through the responses, you can then setup chat sessions, which are integrated in a centralized profile that helps to manage all the communications. * Content: In several days, you will then start getting samples of creative content. * Publish: Once you have the content you like, Insense has tools to get distribution. For example, there is a Facebook Ads Manager integration, in which you can run targeted ads.Of course, when it comes to evaluating Insense stock, the key is the traction. Then, how has the company done so far? According to the investor profile, the year-over-year growth is at 2x and the gross sales are estimated to hit $3.8 million by the end of 2020. The company makes money from two main sources: a content production fee, which can be up to 30% of the campaign, and there is a premium monthly subscription that has three pricing tiers.Consider that there are over 30 clients with 65 brands. Some include Procter & Gamble (NYSE:PG), Nestle (OTCMKTS:NSRGY), Uber (NYSE:UBER) and L'Oreal (OTCMKTS:LRLCY). Insense notes that its approach is four times faster in delivering video assets and ten times cheaper than traditional studios. Bottom Line on Insense StockFor the crowdfunding round, the valuation for Insense is set at $10 million and the minimum investment amount is only $100. The company is also offering a simple agreement for future equity (SAFE) instrument to investors. This means that equity is not allocated until there is a "trigger event," such as an acquisition or IPO.However, on such an event, the investor will get a 20% discount to the valuation.But as with any early stage startup investment, there are considerable risks. No doubt, the online marketing category is intensely competitive, with operators like Vidmob, Animoto, Genero and Vidsy.co. Moreover, it is difficult to build a thriving marketplace, as there needs to be significant scale and a balance for the buyers and sellers.In other words, before making an investment in Insense stock, it's important to do your own research and analysis.Tom Taulli (@ttaulli) is an advisor and author of various books and online courses about technology, including Artificial Intelligence Basics, The Robotic Process Automation Handbook and Learn Python Super Fast. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Insense Stock Represents the Short-Form Video Revolution appeared first on InvestorPlace.

Coronavirus update: Global case tally climbs above 6.6 million and California reports a rise in infections amid protests and reopening

The number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.

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  Young Girl Leads Protest Rally, Goes Viral

  Fatherly
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  Bruce Springsteen Ruminates On America And Its Legacy In The Wake Of George Floyd’s Death

  Deadline

Dow Jones Snaps Four-Day Win Streak; Intel And Tesla Inside Buy Zones

After a bullish run this week, the Dow Jones Industrial Average is pausing as stocks trade lower on the stock market today.