An Exxon Mobil station in Cincinnati, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Exxon Mobil — Shares of Exxon Mobil climbed more than 2.5% despite the international petroleum giant reporting earnings down 49% in the third quarter. Investors appeared reassured by CEO Darren Woods’s comments
Month: November 2019
I always keep tabs on IPO stocks, as I’m a big believer in investing early, but I’ll be the first to tell you that it’s not always easy. If you’re looking for large, long-term gains – and who isn’t? – investing early is necessary. One example you probably know is Facebook (NASDAQ:FB). If you’d invested
[Editor’s note: “6 Monthly Dividend Stocks to Buy” was previously published in Sept. 2019. It has since been updated to include the most relevant information available.] Most dividend stocks pay their shareholders quarterly, but a few dividend-yielding stocks offer monthly distributions. The group is small: less than 100, with many of the offerings being exchange-traded funds
Back in July, I wrote that Aurora Cannabis (NYSE: ACB) had a cash burn problem. In the past week, it has become painfully clear HEXO (NYSE: HEXO) stock has one too. Source: Shutterstock The HEXO stock price has tanked another 22.8% in the past two weeks. Unfortunately, analysts are not recommending investors buy the dip
What a week it has been, and it’s not one the bears will have liked. Despite the busiest earnings week of the quarter, a Fed rate decision on Wednesday and the monthly jobs report on Friday, U.S. equities continue to hold strong. In fact, it was another day of record highs in the stock market
Earlier this week, an H.C. Wainwright analyst initiated coverage of GW Pharmaceuticals (GWPH), adding to the buzz already surrounding this increasingly popular cannabis stock. On Wednesday, H.C. Wainwright analyst Douglas Tsao initiated coverage, giving the stock a “Buy” rating and $170 price target. In a note to investors, Tsao said that he expects GWPH stock
Hey everybody Dave Bartosiak with Trending Stocks at Zacks.com. Apparently you folks are a little too swept up in the holiday spirit. I like a good Christmas story as much as anybody out there but the Miracle on Pennsylvania Avenue hasn’t even filmed a trailer yet. King Donald hasn’t had his official coronation and everyone
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Federal prosecutors have asked for two civil cases against J.P. Morgan Chase be put on hold until they have finished a related criminal prosecution involving current and former precious metals traders at the nation’s largest
The market is breaking out as global economic data is taking the edge off the slowdown narrative. The marginal mover of stocks this year has been the Federal Reserve, trade, and the global economic slowdown, led by weakness in Europe and China. The global economic slowdown has even encompassed worries about a slowdown in the
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images As November unfolds, stocks should continue to make gains in one of the best months of the year for the market, and it’s
After its quarterly earnings report, Amazon.com (NASDAQ:AMZN) stock fell below $1720 on Oct. 25, only to snap back nicely the same day. Even though the cloud computing and e-retailing giant lost a Pentagon cloud contract worth as much as $10 billion to its competitor, Microsoft (NASDAQ:MSFT), investors decided that buying AMZN stock on weakness would
Kraft Heinz (NASDAQ:KHC) beat earnings estimates and the stock rose 13% on Halloween. Earnings of $899 million, or 69 cents per share, sailed by estimates of 61 cents. But sales were down nearly 5% from a year earlier, at $6.1 billion. Source: Casimiro PT / Shutterstock.com There’s more to the story. Even with its recent
This has been a good year for investors in Micron Technology (NASDAQ:MU). Year-to date, Micron stock is up more than 50%. Source: Valeriya Zankovych / Shutterstock.com On Sep. 26, the company reported earnings results for the fourth quarter as well as the full year of fiscal 2019. As we get ready to wrap up another
A better-than-expected jobs report thrust equities to new all-time highs once again, with the S&P 500 notching its fourth new high in five days. Let’s take a look at a few top stock trades as the markets continue to roll higher. Top Stock Trades for Tomorrow No. 1: Alibaba (BABA) Alibaba (NYSE:BABA) is barely in
Inventory injections will start declining over the coming weeks The market was expecting an injection of 86 bcf The price action after the EIA data continues to be bullish After the most recent release of inventory data from the Energy Information Administration, there are only two weeks left in the 2019 injection season in the
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CNBC’s Jim Cramer said Thursday he still believes Apple’s stock is undervalued, even with nearly 60% run higher in 2019, nearly triple the pace of the overall stock market this year. “This is a company that has a multiple that’s way too low given the fact that it’s consistent and China does not seem to
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after the bell following the company’s third-quarter revenue miss, coming in at $279.7 million, which was
On Oct. 23, Microsoft (NASDAQ:MSFT), released its fiscal first-quarter results. They showed improvement by its cloud segment, Azure, in particular and by its entire business in general. Source: Peteri / Shutterstock.com In 2019, MSFT stock is up about 40%. I believe that the strong performance of Microsoft stock has been based on robust fundamentals, which I
Cronos (NASDAQ:CRON) is down over 64% from its peak but it is still quite overvalued. Moreover, compared to all the other major Canadian cannabis stocks, Cronos stock is the most expensive. Source: Shutterstock You can see from this table below that CRON stock is trading at high multiples of revenue compared to its peers. The