Alongside all cruise line stocks, Royal Caribbean (NYSE:RCL) stock was on a tear from mid-March to early June, with RCL stock rising nearly 300% during that stretch on optimism that the company’s cruise line operations would shake off the novel coronavirus pandemic and rebound strongly in 2021 and 2022. Source: ImagineStock / Shutterstock.com That recovery
Whiting Petroleum (NYSE:WLL) stock is going to get a massive haircut. That will occur when a new set of shareholders are granted 97% of WLL stock. That means that the present stock price, not necessarily its market value, will take a big hit. Source: Shutterstock I have written several articles recently describing the math behind
U.S. banking regulators are about to ease restrictions created in the aftermath of the financial crisis, a development that sent bank stocks surging Thursday. Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the so-called Volcker Rule, allowing banks to more easily make large investments into
Good news for investors: Your broker-dealer is going to have to disclose a lot more about what he or she is advising you to buy or sell. Regulation Best Interest, or Reg BI, is coming into effect June 30 after more than two years of controversy and discussion. It requires broker-dealers — those who
Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm beat estimates by 5 cents a share, with quarterly earnings of $1.90 per share. Revenue also came in above Wall Street forecasts. Revenue was down about 1% from a year ago, but Accenture’s results were boosted by
Exxon Mobil (NYSE:XOM) raised its dividend for 37 consecutive years. That track record is seemingly as reliable as anything investors can expect on Wall Street. But in April, Royal Dutch Shell (NYSE:RDS.A)(NYSE:RDS.B) cut its dividend for the first time since 1945. Shell’s dividend cut should serve as a wake-up call to Exxon Mobil stock investors
The market expected a 99 bcf injection Price weakness continues as July rolls to August Ugly price action, but Don’t get too bearish Natural gas was threatening to test the March low as the Energy Information Administration released its latest inventory data on Thursday, June 25. The July futures contract rolled to August slipped below
In our live stream Swing Trading Today we answer the question of if the stock market is cheap? We will do some Technical Analysis to determine resistance levels on the stock charts. ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU
At the end of April, I wrote about the $1 billion in funding electric vehicle manufacturer Nio (NYSE:NIO) had secured from the municipal government of Hefei, capital city of the Anhui province in China. Since the April 29 announcement, Nio stock has more than doubled in less than two months. Source: Carrie Fereday / Shutterstock.com
Even when a company files for bankruptcy protections, there’s still a sliver of a possibility that the company’s stock will go up. That’s why some people continue to buy shares of Whiting Petroleum (NYSE:WLL). They want to beat the odds, flout conventional wisdom and turn a sizable profit with WLL stock. Source: Shutterstock Thus, we
People walk along Broadway as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. The Bureau of Labor Statistics announced on Friday that the US economy lost 20.5 million jobs in April. This is the largest decline in jobs since the government began tracking the data in
A construction worker walks past new homes under construction by developer KB Home in Valencia, California. Jonathan Alcorn | Bloomberg | Getty Images Check out the companies making headlines after the bell. KB Home — The home construction company’s stock dipped 13% in extended trading after KB Home released its second-quarter earnings. The company reported
The stock market started off under pressure on Wednesday, and the selling only accelerated into the afternoon. That said, let’s look at a few top stock trades as we roll into Thursday. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN) Shares of Amazon (NASDAQ:AMZN) are starting to stall, despite running up to new all-time
Rite Aid (NYSE:RAD) stock should rise from the Q1 earnings ending May 29 due out on June 25. This is because the company has engineered a major turnaround of its operations and finances. Source: Jonathan Weiss / Shutterstock.com For example, in the year ending February 2020, the company produced an adjusted net income of $8
Luckin Coffee (NASDAQ:LK) is one of the most infamous stocks of the year. The scandal that caused LK stock to plummet has essentially put all Chinese companies listed on U.S. stock exchanges in the firing line of the US government. Source: Keitma / Shutterstock.com I wrote about Luckin Coffee’s dire position last month, and since then
Vricon 3D visualization of Damascus, Syria. Maxar Space and satellite imagery company Maxar Technologies is taking full ownership of a joint venture it has held with Swedish aerospace group Saab, which the U.S. company expects will further its analytics offering. Maxar announced after the market closed on Tuesday that it intends to acquire full ownership of 3D
Stefan Zaklin | Getty Images Check out the companies making headlines in midday trading. Dell — Shares of the tech company jumped 7% following news that it was exploring options for its majority stake in VMware, which is worth roughly $50 billion. A sale or spinoff of the investment in the software company could not
It’s been a much better start to the week for investors in the gold (GLD) space, as the metal seems to have finally woken up from a 2-month long slumber, up nearly 3% in the past three trading days. This push above $1,760/oz has finally allowed gold to regain some relative strength against the S&P-500
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[Editor’s note: “4 Marijuana Stocks to Buy for the Big 2020 Rebound” is regularly updated to include the most relevant information available.] Coming into 2020, the bull thesis on marijuana stocks looked pretty compelling. Cannabis demand trends in Canada were set to improve on the back of more aggressive retail store openings and new product