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Yahoo Finance’s Rick Newman weighs in on concerns over leadership as states begin to reopen.

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(Bloomberg) — With the economy in freefall, bond investors are clinging to just two certainties right now: that the Treasury is flooding the market with debt, and the Federal Reserve is fully mobilized.The government is about to raise a record $96 billion in its refunding auctions for stimulus in the wake of the pandemic. Traders will absorb this and any guidance from Fed Chair Jerome Powell on Wednesday, with the market already starting to hedge the risk of negative rates. These fiscal and monetary forces are driving yields at either end of the curve wider apart. The two-year is near a record low barely above zero, while the imminent reintroduction of 20-year bonds is helping drive up long-end rates.Many investors see the curve steepening further. Indeed, it’s been billed the new consensus trade. One key reason: Supply pressures are only expected to build as the deficit heads toward $4 trillion. And the Fed, while promising to keep rates near zero to help revive growth, is continuing to reduce the pace of its Treasuries buying.“The focus is all on reopenings so we will be sensitive to that, but since that will take some time to know, it’s all about Treasury supply and Fed demand,” said Priya Misra, a global rates strategist at TD Securities, which also favors a steepener.Two-year yields enter the week at 0.16%, not far above the record low touched Friday amid bets that the Fed could drop its benchmark rate below zero in 2021. Five-year rates also sank to unprecedented levels Friday, at 0.27%, and are about 105 basis points below the long-bond yield. That gap is the widest since March.A growth outlook this dire would ordinarily encourage investors to scoop up long-dated government debt. Friday’s labor report showed 20.5 million Americans lost jobs in April, tripling the unemployment rate to the highest since the 1930s. Data this week are projected to show 2.5 million more people filed for jobless claims.Duration RiskBut at least temporarily, buyers may be overwhelmed by a slew of duration risk this month — a “big-time record,” according to Ian Burdette, head of term trading at Academy Securities.With rates this low and the addition of the 20-year, he estimates the potential combined dollar value of risk across the four upcoming coupon auctions — of 3-, 10-, 20- and 30-year debt — is more than $140 million per basis point of yield. That’s almost double the increment implied in last quarter’s fundraising. He reckons the 30-year yield could revisit 2%, from 1.38% now.This week will also likely bring more talk of reopening the economy, which might lead some investors to conclude the worst of the crisis is over.Michael Crook, head of Americas investment strategy at UBS Global Wealth Management, says the current floor in yields won’t hold if attempts to open back up go poorly.“Two to four months down the road, if it becomes clear the economic impact is going to be much more severe, we could retest those lows but also possibly see even lower rates,” said Crook.What to WatchFed officials have a busy day Tuesday, and traders will watch for any pushback on negative-rates bets then, and on Wednesday from Powell:May 11: Atlanta Fed’s Raphael Bostic discusses response to the pandemicMay 12: St Louis Fed’s James Bullard on the economic outlook; Minneapolis Fed’s Neel Kashkari on the economy; Philadelphia Fed’s Patrick Harker on the impact of Covid-19; Vice Chair Randal Quarles before Senate Banking Committee; Cleveland Fed’s Loretta Mester in Q&AMay 13: Powell discusses current economic issuesMay 14: Kashkari, Dallas Fed’s Robert KaplanThe economic calendar:May 12: NFIB small business optimism; consumer price index; real average earnings; monthly budget statementMay 13: MBA mortgage applications; producer price indexMay 14: Import/export prices; jobless claims; Bloomberg consumer comfortMay 15: Retail sales; Empire manufacturing; industrial production; capacity utilization; Bloomberg U.S. economic survey; business inventories; JOLTS job openings; University of Michigan sentiment; Treasury International Capital flows dataAuction calendar:May 11: 13-, 26-week bills; $42 billion of 3-year notesMay 12: $35 billion of 119-day cash management bills; $65 billion of 42-day CMB; $32 billion of 10-year notesMay 13: $22 billion of 30-year bondsMay 14: 4-, 8-week billsFor 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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Quidel (QDEL) has now received Emergency Use Authorization (EUA) from the US FDA for its Sofia 2 SARS Antigen FIA, a rapid point-of-care test for suspected COVID-19 infection.According to the FDA, this is a new category of tests that will now be available for use in the ongoing pandemic. “The antigen diagnostic tests quickly detect fragments of proteins found on or within the virus by testing samples collected from the nasal cavity using swabs” the FDA says.One of the main advantages of an antigen test is the speed of the test, which can provide results in minutes. However, antigen tests may not detect all active infections, as they are less sensitive than molecular PCR tests.This means that negative results from an antigen test may need to be confirmed with a PCR test prior to making treatment decisions or to prevent the possible spread of the virus due to a false negative, the administration added.Notably, antigen tests can generally be produced at a lower cost than PCR tests, the FDA stated, and once multiple manufacturers enter the market, can potentially scale to test millions of people per day due to their simpler design.“I am tremendously proud of our organization’s ability to quickly develop and mobilize an accurate rapid antigen test,” said Douglas Bryant, Quidel's CEO. “The EUA for our Sofia 2 SARS Antigen FIA allows us to arm our healthcare workers and first responders with a frontline solution for COVID-19 diagnosis, accelerating the time to diagnosis and potential treatment of COVID-19 for the patient.”The test is now available for sale in the US and is being shipped to customers.Shares in Quidel have put on a dramatic rally recently, more than doubling year-to-date. However the stock has a Hold analyst consensus, while the $90 average analyst price target indicates downside potential of over 40%. (See QDEL stock analysis on TipRanks)Related News: RBC: 2 Strong Value Stocks to Buy Now Gilead’s Remdesivir Will Be Distributed By State Health Departments Coronavirus Vaccine Makes Moderna Stock a Valuation Momentum Trade, Says J.P. Morgan More recent articles from Smarter Analyst: * Chipotle Enters Into New $600M Credit Facility * AstraZeneca-Merck Ovarian Cancer Treatment Gets FDA Approval * Juul Slashes Internal Valuation by 35% to $13B- Report * J.P. Morgan: 5G Ramp Provides Upside for These 2 Stocks

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Douglas Boneparth, Bone Fide Wealth President, joined Yahoo Finance’s Jen Rogers, Myles Udland, Dan Roberts, and Melody Hahm to discuss the best approach to retirement planning during the coronavirus pandemic.

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The 5G revolution is coming, and that means it's time to look for the best 5G stocks to buy to play this revolution.First, let's take a step back. What exactly is 5G?5G is simply the 5th Generation (hence 5G) mobile network. It naturally follows 1G, 2G, 3G, and 4G, and represents the new global wireless standard for internet connectivity.InvestorPlace – Stock Market News, Stock Advice & Trading TipsAnd what will 5G do?It will usher in a new era of unprecedented internet communications. Relative to 4G, 5G is way faster, with way more network capacity, far lower latency, way more capability, and better spectrum technology. That may sound like a mouthful. If so, just think this: 5G is new wireless technology that will make every internet-connected device faster, allow more devices to be connected to the internet at the same time, and allow all those devices to do more advanced things.And why is 5G is a big deal?Because, as a world, we've essentially "maxed out" 4G technology. We are at full capacity when it comes to how fast our phones can go, how many devices we can connect to the internet, and how many things those devices can do. As such, things like autonomous driving, the Internet-of-Things, and advanced cloud computing cannot reach their full potential until 5G is everywhere.Accordingly, the widespread deployment of 5G technology over the next few years will have huge economic implications. The coming 5G revolution is expected to equate to $13.2 trillion dollars of global economic output by 2035. That is essentially an entire China's worth of economic output. * 10 Key Stocks to Watch Over the Next Few Months Now that you understand that the 5G revolution will lead to some huge investment opportunities over the next few years, let's take a deeper look at the best 5G stocks to buy right now: Verizon (VZ)Source: Ken Wolter / Shutterstock.com Perhaps the most obvious of 5G stocks to buy is Verizon, since this is the U.S. wireless provider which will actually deploy 5G technology to end-market and end-devices.Why pick Verizon over AT&T (NYSE:T) or T-Mobile (NASDAQ:TMUS)? A few reasons.First, Verizon has forever been the unchallenged leader in this market, offering the highest quality wireless 3G and 4G coverage. It reasons that the company is best positioned to extend that leadership with best-in-market 5G coverage.Second, T-Mobile has complicated itself with the acquisition of Sprint. While this acquisition has long-term benefits, it also has near-term complications, which may prevent the company from fully capitalizing on its 5G opportunity.Third, AT&T is burdened by a ton of debt. All of this debt could provide operational and investment challenges over the next few quarters.Among U.S. wireless providers, Verizon is the best way to play the 5G boom. MACOM Technologies (MTSI)Source: Shutterstock A small-cap 5G stock to buy for potentially explosive returns is MACOM Technologies. Investors should look at MACOM as an "infrastructure play" on the 5G boom.In order for 5G to work effectively, wireless network infrastructure has to change to support 5G tech. This include rejigging base stations with something called "Massive MIMO," or massive multiple-in, multiple-out architecture. The science here is fairly complex, but in a nutshell, Massive MIMO involves putting a bunch of extra, 5G-enabled RF antennas on each base station to enable better wireless performance without maxing out individual antenna power (faster speeds with more network density).Who makes the brand-new 5G RF technology which enables these base station infrastructure upgrades? MACOM Technologies. * 7 A-Rated REITs to Buy Now The small, $1.9 billion developer of RF, microwave, and millimeter wave semiconductor devices and components should see demand for its 5G product portfolio soar over the next few years. As that happens, MACOM's revenues, profits, and stock price could all roar higher. Apple (AAPL)Source: dennizn / Shutterstock.com Back in the large-cap world, another way to play 5G stocks is through buying Apple.Apple is the world's largest and arguably most important smartphone, smartwatch, and tablet maker. 5G coverage will result in breakthrough smart device improvements.But, because 5G is a new technology, it doesn't work with old smart devices. It only fully works with new, 5G-enabled smart devices. Thus, the 5G boom will spark an enormous hardware smart device upgrade cycle to 5G-enabled smartphones, smartwatches, and tablets.From this perspective, Apple should sell a lot of 5G-capable iPhones, Apple Watches, and iPads over the next few years, starting with its big 5G iPhone launch in late 2020.Amid this surge in hardware sales, Apple's software business will boom, too, because smart device software services (like mobile video games, or streaming services) will rapidly improve with better connectivity, resulting in consumers spending more money on those services.Big picture: Apple's hardware and software businesses will both grow significantly over the next few years. Amid this big growth, AAPL stock will climb higher. Boingo (WIFI)Source: Pavel Kapysh / Shutterstock.com Next to MACOM, another small-cap stock of the 5G stocks to buy for potentially explosive returns in the early 2020s is Boingo.Investors should look at Boingo as a company which could help 5G solve its biggest problem: that it doesn't work well indoors.America's biggest wireless service providers – Verizon and AT&T – have built their 5G networks using millimeter wave spectrum. Testing has shown that millimeter waves enable lightening quick over-the-air transmissions. But, for all their speed, millimeter waves have really poor propagation techniques, i.e. 5G millimeter waves can't penetrate buildings.That's a big deal. Americans spend 90% of their day inside, and where 5G coverage is needed to work most – in offices and in homes – it currently doesn't work all that well.Insert Boingo. As one of the largest providers of indoor wireless networks in the world, Boingo is expert at using things like distributed antenna systems to optimize indoor wireless reception. Over the next few years, the company will leverage this expertise to help wireless service providers solve the indoor 5G problem.Indeed, this is already happening. In August of 2019, Verizon announced a partnership with Boingo to build hyper-dense 5G networks which will leverage Boingo's distributed antenna systems to amplify Verizon's 5G millimeter waves in Boingo's venues. * 9 Healthcare Stocks to Buy Even After the Coronavirus Fades More of these partnerships will roll in over the next few quarters. As they do, they will lay the groundwork for explosive revenue and profit growth over the next few years — the likes of which will push WIFI stock materially higher. Qualcomm (QCOM)Source: Xixi Fu / Shutterstock.com Because chip giant Qualcomm is at the epicenter of all things smartphones, QCOM stock is one of the best 5G stocks to buy right now.The company makes the chips that power smartphones. They are the best in the world at doing that. Just ask Apple, who tried hard to fight against Qualcomm's smartphone chip business, but ultimately caved because they realized they couldn't do a 5G iPhone without them.Extrapolate that out.Over the next few years, every company out there is going to launch new 5G smartphones and devices. All of these new 5G smartphones and devices are going to need new 5G chips to power them. Qualcomm makes those chips. Demand for Qualcomm products will consequently soar over the next few years, which will push both revenues higher (they will sell more chips) and margins higher (they will sell these chips at more favorable price points).Big profit growth will follow. So will big gains in QCOM stock.In summation, here the key 5G stocks to consider for your portfolio: * Verizon (NYSE:VZ) * MACOM Technologies (NASDAQ:MTSI) * Apple (NASDAQ:AAPL) * Boingo (NASDAQ:WIFI) * Qualcomm (NASDAQ:QCOM)Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been rated one of the world's top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post The 5 Best 5G Stocks to Buy Right Now appeared first on InvestorPlace.

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