The stock market has rebounded swiftly over the past three weeks, with the S&P 500 rallying 27% from its March 23 low on the back of optimism that the novel coronavirus pandemic is starting to plateau and even fade across Europe and the U.S. In response to this big market rebound and the coronavirus curve
Month: April 2020
James Gorman, chief executive officer of Morgan Stanley Qilai Shen | Bloomberg | Getty Images Morgan Stanley CEO James Gorman fell ill with the coronavirus about three weeks ago and has since recovered and been cleared by physicians, according to a company spokesman. The executive remained in charge of Morgan Stanley the entire time he
Eddie Rodriguez (R) and other City of Hialeah employees hand out unemployment applications to people in their vehicles in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle | Getty Images JPMorgan economists issued an even more dire forecast, now foreseeing a 40% decline in the nation’s gross
Year-to-date, JPMorgan Chase (NYSE:JPM) stock is down about 33%. The Street is now debating whether the current global health crisis will also translate into a full-blown economic meltdown. So many investors were glad to say good riddance to the first quarter of the year. Now they are getting ready to embrace the potential volatility the upcoming
The market expected the first injection of the season of 26 bcf The price bounced significantly over the past week Seasonality in natural gas- Can it continue? Natural gas traded to a low of $1.521 per MMBtu on the nearby May futures contract on April 1. The low in
Tonight on Sunday Night Stock Charts Live we discuss if the stock market will continue to breakdown or will it breakout. We will review the stock charts of the futures price actions and perform technical analysis. ✅15 Minute Live-Stream Alert List! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU
This might have been a short week in the markets, but it certainly wasn’t lacking excitement. On Wednesday the investing community apparently started to feel that the curve may be flattening on the spread of the novel coronavirus. Today’s big stock charts show some of that optimism. Source: Shutterstock The proof of this upbeat sentiment
The newly publicized security vulnerabilities of Zoom (NASDAQ:ZM), combined with the likely easing of the novel coronavirus crisis in a couple weeks and the meaningful competition the company is facing, do not bode well for Zoom stock at all. As a result, investors should avoid the shares. Source: Michael Vi / Shutterstock.com On April 5,
The “prepper” or survivalist movement was around for decades before the novel coronavirus outbreak. But now, as COVID-19 continues to dominate the headlines and reshape the global economy, preparing for imminent catastrophe doesn’t seem quite as eccentric. While not everyone is buying eight months worth of food, we have seen a serious surge in panic-buying
Mark Yusko is the Founder, CEO & Chief Investment Officer of Morgan Creek Capital Management. Alternative Thinking About Investments. Co-Founder & Partner of Morgan Creek Digital.
CNBC’s Jim Cramer on Thursday praised the Federal Reserve‘s latest moves to help keep afloat a U.S. economy that’s been battered by the coronavirus pandemic. Before the stock market opened, the Federal unveiled details of its much-anticipated Main Street lending program and other initiatives, a total of $2.3 trillion in loans to help businesses and municipalities.
Take a look at some of the biggest movers in the premarket: Starbucks (SBUX) – Starbucks said its fiscal second-quarter profit would likely drop by 47% due to the coronavirus impact, and that it was abandoning its full-year forecast. The coffee chain is also suspending its share buyback program, although it will continue to pay
The last time I looked at Exxon Mobil (NYSE:XOM) stock, oil prices were plunging and analysts were saying don’t go there. Source: Harry Green / Shutterstock.com A few weeks later, the stock is trading higher and some think it could approach $50 per share. In fact, nothing much has really changed. Exxon Mobil stock is
In our live stream Swing Trading Today we answer the question of if the stock market is cheap? We will do some Technical Analysis to determine resistance levels on the stock charts. ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU
After an ugly reversal on Tuesday, equities posted a solid bounce on Wednesday. With that in mind, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Pinterest (PINS) Pinterest (NYSE:PINS) stock surged higher on Wednesday, up more than 10% at one point, after the company reported
It’s no surprise that airline stocks have been among the hardest hit names as a result of the coronavirus pandemic. It’s hard for them to make money when no one is flying. American Airlines’ (NASDAQ:AAL) stock has shed over 60% since mid-February. Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A,BRK.B) has been hammered by its exposure to airline
Lululemon Athletica (NASDAQ:LULU) stock is back on the upswing. Yes, Lululemon stock got clobbered during the March crash — shares declined by as much as 50%. But they have recovered swiftly, with shares rallying from $130 to $195 over the past couple weeks. There’s good reason for that. Source: Richard Frazier / Shutterstock.com Looking at the
Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg | Getty Images Banks are scrambling to process a growing backlog of applications for the
Wholesale gasoline prices are collapsing, a sign that more refineries will cut back or shut down and prices at the pump could sink to under $1 a gallon in more parts of the country, analysts said. In some sections of the Midwest on Wednesday, distributors were getting just about 10 cents for a gallon of
Microsoft (NASDAQ:MSFT) stock is the ultimate anti-recession stock. The company produces so much cash flow and has so much cash that there is no concern about the dividend. Source: Peteri / Shutterstock.com In fact, there is almost no concern that Microsoft will not continue its share buybacks, on top of paying the regular dividend. Let’s
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