Volatility has been the watchword for the past week as the Chinese outbreak of coronavirus dominated headlines. The real issue here is less the death toll (which is not insignificant) but the challenges it brings at all levels of the second-largest economy in the world. Remember, China has factories that many other nations — and
January has seen many stocks, as well as broader indices, continue the year-end rally. However, CVS Health (NYSE:CVS), the integrated pharmacy healthcare company, is not one of these stocks, as YTD CVS stock is down about 6%. Source: Shutterstock The company is expected to report Q4 earnings Feb 12. As we go through another earnings season,
Coronavirus headlines again commanded attention from investors on Thursday, in spite of a number of large earnings reports. Let’s look at a few top stock trades, as the headlines continue to fly. Top Stock Trades for Tomorrow No. 1: Microsoft (MSFT) Microsoft (NASDAQ:MSFT) shares were pressing higher on Thursday, hitting another all-time high. The move
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In this week’s Best Stock Charts we talk out the 6 best stock charts for the coming week. We like Amazon $AMZN short and we want to buy shares of Blue Apron $APRN Alcoa $AA Arch Coal $ARCH Scorpio Bulkers $SALT and Golar $GLNG. 15 Minute Alert List (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take
Archer-Daniels-Midland Co. (ADM) signage displayed on the side of a grain storage bin at an ADM grain elevator in Niantic, Illinois. Daniel Acker | Bloomberg | Getty Images Oxford Industries This week Needham raised its rating on the stock to buy from hold. The company is best known as the maker of apparel brands like
Boeing Co. 737 fuselage sections sit on the assembly floor at Spirit AeroSystems in Wichita, Kansas. Daniel Acker | Bloomberg | Getty Images Coming off the slowest year of growth in three, the economy in the first quarter of 2020 is expected to slow down even more due to the impact of Boeing and now
Facebook (NASDAQ:FB) stock fell 7% after reporting earnings this week. At closing it was down 6%, shedding about $30 billion in market cap. It’s not like they delivered a terrible set of results; in fact, they beat forecasts. Source: TY Lim / Shutterstock.com Wall Street decided that they didn’t beat them by a big enough
Should you buy Walmart (NYSE:WMT) stock on the dip? Shares have slipped so far this year, falling from $118.86 on Jan. 2 to $115.89 at the close Jan. 29. With the markets getting back to business after the coronavirus selloff, Walmart stock could start to rally again. Source: Jonathan Weiss / Shutterstock.com But, valuation remains
The World Health Organization (WHO) declared the coronavirus outbreak an international emergency earlier today, sending riskier assets lower in the process. That call makes sense because the number of confirmed cases and deaths are rising rapidly, reaching 7,700 and 170, respectively, as of early Thursday. Source: Provided by Finviz The S&P 500 rose 0.31% The
Then came the smackdown. Here’s the 5-day chart of SLV, with GLD overlaid as a blue line. (credit Fidelity.com) From a start of about 1.7% down, silver dropped another 2% over the next 3-and-a-half hours. During US normal trading hours. Now we’ve talked about the possibility that someone or someone’s are trying to hold down precious metals prices before.
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull Express: https://www.zacks.com/commentary/737467/bull-of-the-day-express-expr The Michaels Companies: https://www.zacks.com/commentary/737485/bear-of-the-day-the-michaels-companies-mik
After ripping higher off the lows on Thursday, the market set us up for a rug-pull on Friday, with equities diving on the day. Let’s look at a few top stock trades heading into next week. Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY) On Friday, the SPDR S&P 500 ETF (NYSEARCA:SPY)
A nurse holds up a one dose bottle and a prepared syringe of measles, mumps and rubella virus vaccine made by Merck at the Utah County Health Department on April 29, 2019 in Provo, Utah. George Frey | Getty Images The deadly coronavirus worsened quickly this month, roiling the financial markets as investors fled risk
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019 Clodagh Kilcoyne | Reuters Check out the companies making headlines in midday trading. Amazon — Amazon jumped nearly 9% in midday trading after the e-commerce giant reported fourth-quarter earnings well ahead of Wall Street consensus expectations. The
Home furnishing retailer Pier 1 (NYSE:PIR) shocked the world in January when management announced intentions to close about half of the company’s store-base, or around 450 stores nationwide. Source: Jonathan Weiss / Shutterstock.com That’s a lot of stores. And they represent a huge opportunity for peer home furnishing retailers to win new sales. My numbers
With its sprint toward $60 per share during January, the market capitalization of Coca-Cola (NYSE:KO) passed that of Verizon (NYSE:VZ). Source: Fotazdymak / Shutterstock.com Over the last five years, shares in the flavored water company have gone up an average of 8% per year. The dividend has averaged a yield of about 3%. The latest move
Marijuana has been a hot topic among investors this year as they speculate on whether the industry will see another big push after a dismal 2019. While I’d agree that marijuana is a sector worth considering for 2020, there are a lot of pitfalls within that space, and Aurora Cannabis (NYSE:ACB) is one of them.