It was a very interesting session in the stock market today. That’s as the SPDR S&P 500 ETF (NYSEARCA:SPY) spent most of the day in positive territory and ended higher by 2.4%. That’s despite a record-setting initial jobless claims report. The U.S. reported 6.65 million jobless claims, roughly double what economists were expecting. That’s also
Month: April 2020
Perhaps with the exception of some gaming equities, Carnival (NYSE:CCL) and other cruise line operators are among the epicenters of coronavirus market capitalization destruction with CCL stock proving as much with a first-quarter loss of 74.19%. Source: Ruth Peterkin / Shutterstock.com Due to COVID-19 pandemic, Carnival packed a lot of bad news into the first three
After a recent bounce, Alibaba (NYSE:BABA) is down almost 20% from its 52-week highs. That’s notably better than the S&P 500, which is down about 27% from its highs. Given all the circumstances at the momentum, it’s hard to determine if Alibaba stock is outperforming or underperforming expectations. Source: Kevin Chen Photography / Shutterstock.com While
Mohamed El-Erian said Wednesday he would be hesitant to put cash to work, arguing the stock market is still on a downward trend due to the coronavirus pandemic. But he offered a roadmap for investors who feel inclined to add to their portfolios. “Whatever cash you have, divide it over five installments,” El-Erian said on CNBC’s “Squawk Box,” suggesting dollar
A Dave & Buster’s location in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Tesla — The automaker’s stock shot up 16% in extended trading after Tesla reported that it had delivered around 88,400 cars in the first quarter of 2020. The reported numbers included 76,200 combined deliveries of
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
The stock market held up surprisingly well on Friday, if you can say that with the S&P 500 down almost 27% from its all-time highs earlier this year. We saw selling pressure eventually pick up in the stock market today, following a disappointing jobs report for March. The fact that the market only slipped lower,
Before you think I know more about stocks than you do, consider this. Source: Shutterstock I’m the guy who recommended you buy Bed, Bath and Beyond (NYSE:BBBY) in January. Not only that, I’m the idiot who took his own advice and did it, after giving you four days to digest my stupidity. I just checked.
The coronavirus continues to sweep across the world. It’s hitting Europe and the U.S. hard after the outbreak began in China. Despite the hellish reality of Covid-19, we’re seeing individual companies step up, like Gilead Sciences (NASDAQ:GILD). As a result, GILD stock is up 16.3% year-to-date and 9% over the past month. Some investors may
JPMorgan CEO Jamie Dimon told employees in a memo Thursday he is “happy to be back at work” following emergency heart surgery last month. “I have been recuperating well and getting stronger every day, and I am happy to be back to work this week — albeit working remotely like so many of you,” Dimon
A restaurant in Washington Heights prepares for new restrictive measures to only offer take-out or delivery in an effort to combat coronavirus. Dan Mangan | CNBC Stocks and bonds had a relatively muted response to the March employment report, which was far worse than forecast but barely reflected the unprecedented collapse of the labor market
In Best Stock Charts this week we answer the question. Is the Stock Market Cheap? You will be shocked to find our our overpriced the stock market is using technical analysis and PE metrics. We believe that the selling of stocks will soon begin as the realization that the economic picture has not been priced
A record jobless claims report on Thursday was followed up with a dismal jobs report on Friday. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Advanced Micro Devices (AMD) Advanced Micro Devices (NASDAQ:AMD) was trading great on the long side when the market
Personally, I view Blue Apron (NYSE:APRN) as an example of getting the logic right and the results wrong. In August of 2019, I worried that a recession might hurt shares of the meal-delivery service. I came to that conclusion because at the time, the U.S.-China trade war suggested a slowdown for both economies. Further, the
Kevin Matras talks about a stock’s Earnings Yield and how to use it. Highlighted stocks include ACT, AHL, ANW, TRN and URI.
Microsoft (NASDAQ:MSFT) stock closed March at less than $1 from where it opened January. Source: gguy / Shutterstock.com Although a down market — spurred on by Friday’s jobs report — has Microsoft stock down about 1.5% on April 3, it remains about the only thing working. Even the dividend, 51 cents per share, looks payable.
The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian said Friday. “I don’t think we’re forming a bottom yet. I think we’re going down at a slower rate,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” “There is a very important distinction there.” Calling a
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Anadolu Agency The stock market enters a four-day week that is the lull before earnings season, but it’s the headlines on developments around the spread of the coronavirus that may result in the most
Equities slumped to finish the week as the Labor Department’s March jobs report was far worse than expected, prompting speculation that next few monthly employment updates will be as bad or even worse because of the coronavirus pandemic. Source: Provided by Finviz The S&P 500 sagged 1.51% The Dow Jones Industrial Average dropped 1.69% The Nasdaq
Donald Trump tweeted on April 2 that Saudi Arabia and Russia were looking to cut daily oil production by 10 million barrels. He later suggested the cut could be as high as 15 million barrels. If this turns out to be accurate, the price of oil will climb dramatically, providing Chesapeake Energy (NYSE:CHK) with a