Alibaba (NYSE:BABA) has been in the bull mode since early October with BABA stock going from $161 to a high of $230. Source: BigTunaOnline / Shutterstock.com The main driver, of course, was the Phase One agreement between China and the U.S. regarding the massive trade dispute. While the settlement was somewhat modest, Wall Street still
Month: January 2020
On a day of 45 earnings reports, one profit update stood out and it was enough to support stocks on Wednesday. Source: Provided by Finviz The S&P 500 fell 0.08%. The Dow Jones Industrial Average advanced 0.04%. The Nasdaq Composite increased by 0.05%. Apple (NASDAQ:AAPL) wasn’t the best-performing name in the Dow Jones today, but it
A deadly spreading virus is now worrying some of the world’s biggest companies. The word “virus” or “coronavirus” was mentioned by 27 different S&P Composite 1500 companies on earnings calls this week, according to CNBC’s screening using FactSet. The Wuhan virus has infected more than 6,100 people in China, topping the number of cases from
Economic growth in the final quarter of the year is expected to be on par with the third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this year. Fourth quarter growth is expected to have been 2.1%, according to Dow
JD (NASDAQ:JD) stock is offering investors a pretty good buying opportunity. JD stock is off about 8% from its 52-week high of $42. Source: testing / Shutterstock.com It seems like the stock should be much cheaper given the fast-spreading virus in Chinese cities. But JD is an online Chinese e-commerce seller. Kept indoors, people are
Is the rebound over for Canopy Growth (NYSE:CGC) stock? Shares ripped from their November lows around $14 per share up to $25 in early January. But, with infused beverage launch delays, investors are getting impatient. Will Cannabis 2.0 be a game-changer for the floundering Canadian pot stocks? Source: Shutterstock The way things are going, Cannabis
It’s been a volatile start to the year for the metals complex, but fortunately, gold (GLD) is still positive year-to-date following the de-escalation from the Middle East tensions. The bad news is that this 3% positive year-to-date return for gold has brought with it some short-term euphoria for the metal, with bullish sentiment finishing Monday
In Swing Trading Today we discuss after reporting strong earnings if it is time to buy Tesla, Microsoft and Facebook. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they
U.S. stocks came roaring back on Tuesday. Sell-offs in the two previous sessions either were driven by fears of the coronavirus — or, in retrospect, perhaps by investors simply looking for a reason to sell in a market at all-time highs. Source: Shutterstock Whatever the cause, those same investors quickly bought the dip on Tuesday.
A battery start-up that’s backed by iPod inventor and Nest founder Tony Fadell, and which claims to have found a green and scalable way to make lithium-ion batteries more efficient, on Tuesday announced that it raised $18.5 million in its Series A funding round. New Orleans-based Advano is focused on increasing batteries’ energy density by
Traders work on the floor of the New York Stock Exchange (NYSE) on January 21, 2020 in New York City. Spencer Platt | Getty Images The easy policies of the Federal Reserve and other central banks are already providing a backstop that could lessen the impact of the coronavirus on financial markets. Some analysts say
Despite a slew of fundamental concerns relating to the coronavirus outbreak in China and delays in the anticipated return of the Boeing (NYSE:BA) 737 plane, shares of global industrial conglomerate General Electric (NYSE:GE) have outperformed in 2020. Year-to-date, GE stock is up more than 3%, while the S&P 500 has ticked up less than a percent.
The narrative from bulls has long been that Chesapeake Energy (NYSE:CHK) stock simply was, and perhaps still is, too cheap. That narrative never held much water, and in recent months it’s absolutely collapsed. Source: Casimiro PT / Shutterstock.com To be sure, CHK stock certainly looks cheap at Friday’s close of 56 cents. And there has
The stock market came under pressure on Friday afternoon and was slugged on Monday, as the S&P 500 fell 1.57%. On Tuesday though, the bulls were back in action, with investors enjoying a rally in the stock market today. The S&P 500 gained 1.01%, a day after we said both bulls and bears failed to
A customer holds boxes of 3M Co. 8247 R95 particulate respirators at a pharmacy in the Central district of Hong Kong, China, on Thursday, Jan. 23, 2020. Justin Chin | Bloomberg | Getty Images The CEO of industrial giant 3M said Tuesday that the company is increasing production of its respiratory protection products, such as
Harley-Davidson motorcycles are offered for sale at a Harley-Davidson dealership. Getty Images Check out the companies making headlines in midday trading. 3M — Shares of 3M fell 5% after the conglomerate missed Wall Street expectations on the top and bottom lines for its fourth-quarter results. 3M reported $1.95 in adjusted earnings per share and $8.111 billion
Apple (NASDAQ:AAPL) is a stock that has always attracted significant interest due to its products and the folklore surrounding its co-founder, Steve Jobs. It was the first public U.S. company to be valued at over $1 trillion back in August 2018 and is currently the biggest constituent in the Nasdaq Index and S&P 500. Source:
Apple (NASDAQ: AAPL) has been one of the hottest stocks in the market, more than doubling in the past year. Much of the enthusiasm about Apple stock outlook comes from the potential for a mass wave of 5G device upgrades in the next couple of years. Source: dennizn / Shutterstock.com But while 5G is certainly
I’m not going to blame one specific company or its stock for what ails the American stock market today. However, there are a handful of companies that encapsulate just how stretched this market has become. And I would place Shopify (NYSE:SHOP) among them, as Shopify stock’s price run has been absolutely relentless. Source: Jirapong Manustrong
The human toll of the coronavirus continues to mount, and though it pales in comparison, so does the effect on equities. Stocks were routed globally on Monday, and U.S. markets were not immune. The S&P 500 declined 1.57%, and the NASDAQ Composite fared even worse with a 1.89% loss. Source: Shutterstock There’s an obvious worry
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