Since reporting its earnings last week, Ericsson (NASDAQ:ERIC) stock has not done much. But then again, there was already a nice rally ahead of the announcement. Note that the shares went from $6.17 in mid-March to $8.35. Source: Shutterstock For the first quarter, Ericsson’s revenues increased by 2% to $4.93 billion. While there was considerable
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might of Goldman Sachs on a curved LCD screen. Forman, a
A person walks by rows of stores closed during the outbreak of the coronavirus disease (COVID-19) in New York, March 28, 2020. Andrew Kelly | Reuters Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders. That raises questions about how consumers will behave as the economy
Tonight Sunday Night Stock Market Live we will discuss if the stock market will continue to breakdown or will the stock market rally? We will also discuss if Warren Buffett at his Berkshire Hathaway meeting is bullish or bearish on the stock market. Bob Desmond will use stock charts and technical analysis to discuss if
Going shopping at your favorite retail outlets can be enjoyable, though it’s usually not profitable. Shopping for bargains in the retail niche can be highly lucrative, however, if done correctly. Source: Shutterstock Due to the spread of the novel coronavirus, the brick-and-mortar retail sector has struggled lately. Stay-at-home mandates have presented persistent fiscal issues for
On Wednesday, beleaguered United Airlines (NASDAQ:UAL) received the first piece of substantive good news since the novel coronavirus destroyed the global economy. And UAL stock appreciated the breath of fresh air. Source: NextNewMedia / Shutterstock.com According to Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases, Gilead Sciences’ (NASDAQ:GILD) drug
[Editor’s note: “10 Stocks to Buy as They Ride a Coronavirus Tailwind” is regularly updated to include the most relevant information available.] After suffering one of the worst declines in history, the investment markets mounted a comeback in the second half of March. Even this small piece of optimism appears to be failing, though, due
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. “We have not done anything, because we don’t see anything that attractive to
The Sedco 714 oil platform, operated by Transocean, stands in the Port of Cromarty Firth in Cromarty, United Kingdom, on February 16, 2016. Matthew Lloyd | Bloomberg | Getty Images Check out the companies making headlines after the bell. Facebook — The social media giant’s stock soared 10% in extended trading after the company reported
It was a rough day for bulls in the stock market today. Equities took in on the chin, with the S&P 500 and Nasdaq Composite both falling more than 3% at one point. After reporting earnings, Amazon’s (NASDAQ:AMZN) stumble and Apple’s (NASDAQ:AAPL) relatively flat response didn’t help matters. Remember, these are two of the three
For quite some time, I’ve expressed skepticism toward plant-based meat producer Beyond Meat (NASDAQ:BYND). Primarily, I can summarize the enthusiasm in one word: fad. Most recently, we saw the dramatic rise and subsequent fall of National Beverage (NASDAQ:FIZZ), which attempted to capitalize on the ephemeral sparkling water craze. But the difference is that unlike BYND
[Editor’s note: “Despite Recent Rally, Marathon (MRO) Stock Remains a Buy” was previously published on April 7. It is updated regularly to reflect the most relevant information.] Source: IgorGolovniov / Shutterstock.com Despite an epic plunge in oil prices, Marathon Oil (NYSE:MRO) stock has performed well in recent weeks. Shares have doubled since hitting 52-week lows
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Carl Icahn knows the oil and gas industry very well and has arguably made more of his fortune in this industry than any other single industry. His next energy bet could pay off through a
A view of New York state department of labor office in Brooklyn New York USA during coronavirus pandemic on April 14, 2020. John Nacion | NurPhoto | Getty Images Some economists expect there were at least 4 million workers who filed for state unemployment benefits last week, signaling the job losses could be greater than
The Zacks Earnings ESP (Expected Surprise Prediction) Filter lets you search for stocks with the highest probability of positively surprising (or negatively surprising, if that’s what you’re looking for). This proprietary metric has proven to predict earnings surprises with a 70% accuracy. And when the ESP is used with Zacks Rank #1 Strong Buys, #2
Friday had plenty of big movers for us to pick from. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Apple (AAPL) Shares of Apple (NASDAQ:AAPL) are struggling to rally on Friday, despite beating on earnings. Keep in mind, the overall market was under
Cannabis stocks are known for volatility in both directions. These names can skyrocket during good times, but during troubled times, they are difficult to own. That goes for Tilray (NASDAQ:TLRY) too, as TLRY stock has now fallen 63% from its 2020 high. Source: Jarretera / Shutterstock.com Unfortunately, it gets worse. The company’s stock has fallen
Editor’s note: “3M Stock Remains an Attractive Defensive Play” was previously published in March 20. It is regularly updated to include the most relevant information. Source: r.classen / Shutterstock.com With its shares rebounding more than 30% from their 52-week lows, is 3M (NYSE:MMM) stock a buy? March’s market maelstrom made blue-chip names like this industrial
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also