The coronavirus from China continues to spread globally. And despite the World Health Organization refusing to name the bug a pandemic, it’s growing clear that’s exactly what’s on our hands. Wall Street is trying to be in a good mood about all this, but industries like cruise line airline stocks are feeling the effects. This
Month: March 2020
The S&P 500 ended the day up more than 4%, and bulls were feeling good. That’s a rather meager bounce given last week’s decline, but it’s even worse as the index has struggled to hold those gains. That said, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No.
When a company’s quarterly results indicate its prospects have worsened, the markets react quickly and decisively. The stock typically sells off if the company fundamentals show any hint of a downturn. Other times, bad news the markets didn’t anticipate can send stocks lower. In these cases, investors need to decide if these losers are in
Jeremy Siegel David Orrell | CNBC Wharton School finance professor Jeremy Siegel said Monday the U.S. could suffer a near-term recession because of the negative economic impact from the fast-spreading coronavirus. “We could really have a short, quick recession,” Siegel said on CNBC’s “Squawk Box.” “There’s a lot of uncertainties.” The confirmed cases of coronavirus infections in
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters The crazy market volatility has put unprecedented stress on the U.S. and global trading system. Friday saw the largest dollar volume trading for U.S. equities in history: $984 billion changed hands, according
High-rise office buildings along Wilshire Blvd in Westwood Village are viewed on August 7, 2018 in Los Angeles, California. George Rose | Getty Images Check out the companies making headlines after the bell. Boingo Wireless — The internet access provider’s stock soared 13% in extended trading after the company said in a statement that it
If you blinked, you missed the move above $2 Another chance to sell New lows are a good bet The natural gas futures market ended last week with another new low. While markets across all asset classes were panting from a week of wild volatility, natural gas quietly slipped below the $1.70 per MMBtu level
Although healthy beverages, including those infused with hemp and/or CBD, make investing in New Age Beverages (NASDAQ:NBEV) stock an interesting play, I’m not a strong believer in it right now. Source: Shutterstock I won’t be surprised if NBEV stock rebounds at some point, but it could take a while. Personally, I prefer not to own
Investors are still waiting for U.S. stocks to stabilize. Though the NASDAQ Composite eked out a gain on Friday, other indices continued to fall. The S&P 500 dropped 0.82%, closing a week in which that index fell over 11%. Source: Shutterstock On Sunday night, futures indicate markets should open higher. Whether they close in that
Following last week’s massive cratering in the market and fearful pandemic conditions, it’s a great time to begin buying many well-discounted stocks. And for younger investors looking to allocate some capital towards riskier plays in this asset class, Virgin Galactic Holdings (NYSE:SPCE) is looking much better-positioned for a second launch and maybe even another moonshot
As fears from Ebola and a global slowdown spread, stocks plunged on October 15, with the Dow falling more than 400 points during the afternoon before recovering slightly. Getty Images The market could see a pop this week after last week’s steep sell-off, based on simple historical analysis. Though the coronavirus remains a developing health
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Check out the companies making headlines midday: Apple — Apple rallied 4.8% to become the second-best performer in the Dow Jones Industrial Average, after Oppenheimer upgraded the tech giant to an outperform rating. Oppenheimer called Apple a “recurring revenue machine”
Over the past week, major Chinese equity benchmarks, such as the FTSE China 50 Index and the MSCI China Index, have been doing markedly less poor than the S&P 500 as the coronavirus from China has stabilized somewhat in the region while spreading to other countries. But less bad doesn’t mean good. The Chinese economy
Global stocks sunk to four-month lows Thursday, dragging bond yields lower, as fears intensified that the coronavirus from China is at epidemic stages, or worse and that it will be a significant drag on the global economy for some time. Source: Provided by Finviz The S&P 500 slumped 4.42% The Dow Jones Industrial Average shed
2019 was a spectacular year for Amarin (NASDAQ:AMRN). The same has not been true of 2020, at least looking at Amarin stock. Source: Pavel Kapysh / Shutterstock.com After a 7% decline on Wednesday, AMRN now has dropped 24% so far this year. Truthfully, it’s difficult to see why. There really hasn’t been any bad news
Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
Equity markets right now are pricing Chesapeake Energy (NYSE:CHK) for an eventual bankruptcy. In pre-market trading, CHK stock is changing hands for less than 24 cents per share. Source: Casimiro PT / Shutterstock.com That kind of price, and that kind of trading, might attract some investors looking for a lottery ticket stock. It shouldn’t. Barring
Yikes, the selling is getting downright ugly out there. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average were again hammered in the stock market today, all down between 4% and 5%. It marks the sixth straight decline for U.S. equities, as stocks are already down 10%-plus from the highs. In the last 20 years, the
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