Month: April 2020

On Wall Street, if an investment looks, smells and quacks like a duck, it’s probably best to let it waddle away into the sunset. When it comes to buying micro-cap, novel coronavirus play iBio Inc. (NYSEAMERICAN:IBIO) stock, the forgone conclusion that it’s a “quack” hasn’t changed much despite the company’s constant self-promotion. Source: Shutterstock The
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[Editor’s note: “Microsoft Stock Remains a Safe Buy in Today’s Uncertain Market” is regularly updated to included the latest analysis of the rapidly evolving coronavirus situation and which stocks to buy.] Source: NYCStock / Shutterstock.com Microsoft (NASDAQ:MSFT) has shown great strength in light of the novel coronavirus. As seen from its recent earnings report, growth
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[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com Should you buy Penn National Gaming (NASDAQ:PENN) stock? Shares have rebounded in recent weeks, as investors shake off novel coronavirus concerns,
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General Electric reported Wednesday a steep decline in first-quarter revenue as the industrial giant took a hit amid the coronavirus pandemic.  The company posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. On an adjusted per-share basis, the company earned 5 cents. That’s below a Refinitiv estimate of 8 cents per
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Gilead (NASDAQ:GILD) isn’t a member of the Dow Jones Industrial Average, but reports out today that the company’s drug remdesivir is proving effective in treating the novel coronavirus were one reason why broader equity benchmarks surged. Source: Provided by Finviz The S&P 500 jumped 2.66%. The Dow Jones Industrial Average tacked on 2.21% The Nasdaq Composite
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Throughout 2019, the fiscal outlook was rosy for lululemon (NASDAQ:LULU) stockholders. Those were the good old days, before the spread of the novel coronavirus left the American retail sector in disarray. Source: Sorbis / Shutterstock.com Informed investors need to think of time as divided into two distinct sections: before Covid-19, and after. You can’t afford
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Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
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Prakash Singh | AFP | Getty Images Check out the companies making headlines in midday trading.  Alphabet — Shares of Google-parent Alphabet rose 9% following the technology giant’s quarterly earnings. The report showed advertising revenue slowed but is starting to moderate.  Adjusted earnings came in at $9.87 per share, lower than the $10.33 forecast by analysts,
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