Admittedly, that headline is very much short-termism. It’s borderline difficult to write about Intel (NASDAQ:INTC), a company with enviable market position and a slew of quality traits, however, short-termism is the order of the day in the current environment set by the novel coronavirus. Source: Kate Krav-Rude / Shutterstock.com The “buy the dip” mentality that
Month: February 2020
Friday was another rough day for stocks as the tale of the tape below indicates, but some signs of hope emerged as stocks cobbled together some incremental momentum late in the day. Source: Charts Provided by Finviz The S&P 500 shed another 0.82% The Dow Jones Industrial Average dropped 1.39% The Nasdaq Composite inched up 0.01%
The next earnings report for Kohl’s (NYSE:KSS) – which will be announced on Tuesday before the market opens – will probably not be enjoyable for CEO Michelle Gass. The deterioration of the department store category is showing no signs of letting up. And the stock price certainly bears this out. Source: Sundry Photography/Shutterstock.com Since November
Few great companies have had their stocks hit as hard in 2020 as 3M (NYSE:MMM). Source: JPstock / Shutterstock.com The shares are down 15%, after management announced 2019 results that showed just 2% growth and lower profits. While the company’s price-earnings ratio on Feb. 26 is still above 19, the $1.47 per share dividend now
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
When you think about overlooked lessons that new investors learn in the stock market, one in particular comes to mind — for every hard-and-fast rule that technical investors use to evaluate the best stocks to buy, there’s always an exception or two. Source: Daniel J. Macy / Shutterstock.com That brings us to struggling U.S. aluminum
Man, it’s getting tough out there. The S&P 500 and PowerShares QQQ ETF (NASDAQ:QQQ) are down more than 15% from recent highs just seven trading sessions ago. Friday’s volatile session didn’t make it any easier in the stock market today. From peak to trough, the Dow shed 1,000+ points in Friday’s session, the third time
[Editor’s Note: This article was updated on Feb. 28 to include the most relevant information.] More than $6 trillion of global market value has been wiped out all thanks to coronavirus fears and concerns it could significantly slow global growth. To date, the death toll is quickly nearing 3,000, with 83,000 cases around the world.
There’s no denying the obvious. Right now, financial markets across the globe are unstable, with the U.S. stock market dropping 3% on back-to-back days in late February (the market has only done that 15 times in the past 80 years). Fortunately, when markets wobble, investors have a simple solution to steady their portfolios — by
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,
Traders on the floor of the New York Stock Exchange swapped stories all week about the extreme trading conditions they witnessed — conditions that have not been this wild since the financial crisis in 2008. For Virtu’s Matt Cheslock, it was the stunning move in bond yields: “As an equity trader, seeing over 10 basis
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
Or that maybe the zombies had risen up and eaten their brains. For a few days there, the US Dollar rose. Not unusual. But silver and gold also rose. La-la land. Then someone who actually reads numbers noticed that Japanese traders were swapping the Yen for the USD. Probably a smart move, as their economy
Stocks everywhere are getting roiled by rising concerns that the coronavirus from China is quickly turning into a global pandemic. Semiconductor stocks are getting hit twice as hard. And Micron (NASDAQ:MU) stock is getting hit three times as hard. Source: madamF / Shutterstock.com In February, the S&P 500 has fallen 8% off its highs, the iShares
Some investors likely thought the worst was over midday Thursday. About halfway through the trading session, the S&P 500 was down just 0.7%, and had rallied almost 3% from morning lows. Source: Shutterstock It was not to be. The S&P reversed and closed at the lows. The index posted its worst one-day loss since August
The broad market indices are going down. But that doesn’t mean the entire market is headed down with them. First, it pays to remember in times like these, that the big indices are price weighted. That means the higher the price of the stock, the more it affects the movement of the index. Sometimes, one
You don’t grab a falling knife. But you don’t want to pass up a bargain. The coronavirus from China has revealed a host of potential bargains in the market’s minefield. Let things settle. Wait for a nothing day with the market closing slightly higher, and some (but not all) of the panic to go away.
Richard Branson, founder of Virgin Group Ltd., speaks during an interview following Virgin Galactic Holdings Inc.’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Oct. 28, 2019. Michael Nagle | Bloomberg | Getty Images Traders who rushed to buy Virgin Galactic in its
Check out the companies making headlines in the premarket Friday: Wayfair IPO on the floor of the New York Stock Exchange Lucas Jackson | Reuters Beyond Meat (BYND) — Shares of the Beyond Meat dropped more than 11% after the company reported a surprise quarterly loss. The meatless food company posted a loss of 1
Gold, meanwhile, hung in pretty well, as you would expect for a safe haven during a sudden drop. Here’s the 1-month chart of GLD, the unleveraged gold ETF, compared to the Dow 30 average over the same period. The charts are pulled right after the open on Friday, so the last day is “today” but
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