Stocks shook off a tough Tuesday trading session, jumping notably on Wednesday. With that in mind, let’s look at a few top stock trades now for Thursday. Top Stock Trades for Tomorrow No. 1: S&P 500 ETF (SPY) On Tuesday, we preached caution to investors. With the Volatility Index (VIX) at $30 to $35-plus, traders
Month: March 2020
As if there isn’t enough uncertainty in the markets with the coronavirus from China, there’s also the U.S. presidential election coming on Nov. 3. Already, there have been numerous state caucuses and plenty of primary elections. And there are plenty more over the coming weeks and months. The top job at 1600 Pennsylvania Avenue as
It’s been a thrilling week for long-term investors and short-term traders alike. And one stock, 3M (NYSE:MMM) has gotten onto both groups’ radars. MMM stock recently hit its lowest level in years, attracting the interest of deep value investors. Meanwhile, its business making face masks to fight contagious diseases has excited the trading crowd. Source: JPstock
Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters The market’s swift decline from record highs sparked by the coronavirus outbreak has left investors wondering when the bleeding will stop. On Feb. 19, the S&P 500 hit an all-time high. Just a week later, the broad market average traded in
Check out the companies making headlines before the bell Wednesday: Amazon (AMZN) — An employee in Amazon’s “Brazil” office in downtown Seattle tested positive for the coronavirus. ″We’re supporting the affected employee who is in quarantine,” Amazon told CNBC. General Electric (GE) — The industrial giant said it expects the coronavirus outbreak to shave off between $300
I don’t know if it was the Beverly Hill Billies marathon I watched last night or the beard oil I rubbed in this morning to give this manly mane of mine a little kiss of Chuck Norris majesty, but I’ve got oil on the brain today. Hash tag, beard game strong. So does the rest
In Swing Trading Today we discuss if if HSBC stock is a buy or a sell. We do technical analysis of its chart as well as discuss the GLD and it’s exposure to HSBC. ✅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
Since mid-2018, the selloff in Chesapeake Energy (NYSE:CHK) stock has been relentless and painful for dip-buyers. Holdouts can blame falling energy prices all they want, but there are red flags that investors would be advised to pay close attention to, lest they suffer further losses. Source: Casimiro PT / Shutterstock.com I’ve assigned a rating of
The Federal Reserve revealed a 50-basis point interest rate cut earlier today, but that clearly wasn’t enough to help stocks build on Monday’s gains. In fact, those gains were all but wiped out as the three major equity indexes slid today. Source: Provided by Finviz The S&P 500 gave up 2.81% The Dow Jones Industrial
It will take more than the coronavirus from China to keep Apple (NASDAQ:AAPL) stock down. Source: pio3 / Shutterstock.com Coming off a 15% drop in the last two weeks, the maker of the iPhone rebounded in a big way on Monday, shooting up more than 9% on the strength of an Oppenheimer upgrade. Oppenheimer changed
CNBC’s Jim Cramer said the Federal Reserve‘s emergency interest rate cut on Tuesday morning makes him more concerned about the economic risks from the coronavirus. “It’s great that the Federal Reserve recognizes that there’s going to be weakness, but it makes me feel, wow, the weakness must be much more than I thought,” Cramer said
A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings
A recovery ends and a return to below the $50 level Coronavirus and US politics causes a period of risk-off across all markets The Saudis will attempt to push Russia into more production cuts The price of nearby NYMEX crude oil futures traded to a low of $49.31 during the week of February 3. The
For Micron Technology (NASDAQ:MU), they may remember 2020 as the year that brought the yin and yang. On one hand, it moved quickly higher on speculation that the 5G rollout would spike demand for memory chips. As a specialist in both NAND and DRAM chips, it wasn’t surprising that MU stock popped up. However, the
It remains to be seen whether Monday’s trading was the sign of a near-term bottom, or simply a relief rally. But investors certainly enjoyed it. The Dow Jones Industrial Average gained 5%, and the S&P 500 and NASDAQ Composite were not far behind. Source: Shutterstock Certainly, there’s a ways to go. Yesterday’s monster rally recaptured
Thanks to the coronavirus, financial markets are coming off their worst week since the Financial Crisis, with major indices in the U.S. stock market shedding about 12% in five days. That’s a pretty bad showing. And yet, investors don’t seem to be throwing in the towel. Instead, search volume for the term “stocks to buy”
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Telsa rose nearly 3% after JMP Securities upgraded the stock to market outperform from market perform and established a price target
It’s been a wild week in the markets, and the silver lining for the precious metals sector is that the sell-off finally pushed some off the offside and wildly bullish small speculators out of their positions. In addition, the 13% drop in the silver (SLV) price scared off some of the bulls, and we got the dip
In Swing Trading Today we discuss if if HSBC stock is a buy or a sell. We do technical analysis of its chart as well as discuss the GLD and it’s exposure to HSBC. ✅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