Investors who mourned their first-quarter losses as Wall Street collapsed into a bear market may have missed success stories like Microsoft (NASDAQ:MSFT) stock, which managed to hold its own amid the chaos. Source: The Art of Pics / Shutterstock.com It’s true. While the Nasdaq Composite fell more than 16% year-to-date, Microsoft’s stock is flat, as
Month: April 2020
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America says it is capable of accepting online applications for the government’s $350 billion small business relief program, becoming the first major bank to make that announcement. Just minutes earlier on Friday, none of the websites of four of the biggest U.S. banks —
A view of an empty restaurant is seen at Grand Central Station on March 25, 2020 in New York City. Angela Weiss | AFP | Getty Images Barry O’Donovan opened his Irish pub across from a railroad station used by Wall Street commuters just five days before Lehman failed. His business survived the Great Recession.
Most big stock charts from the S&P 500 looked great on Thursday — nice and green. There are always exceptions, however. A rising tide doesn’t necessarily lift all boats, it seems. Source: Shutterstock On the other hand, one trader’s trash is another trader’s treasure. The willingness to buy at low prices is what made Warren
Nio (NYSE:NIO) should be avoided. It’s heading to $0 this year. The last time I weighed in on NIO stock, it traded at $4.03 on March 4, and the company is still struggling to keep its head above water. Source: Sundry Photography / Shutterstock.com The promise of a $4 billion cash infusion was over-exaggerated. Its cash
The novel coronavirus crisis is creating a tremendous need for ventilators. And Medtronic (NYSE:MDT) is one company that makes those coveted devices. Further, the company’s sales for its cardiac and vascular unit, which houses its ventilator business, should climb meaningfully during the crisis. This sales spike should boost Medtronic stock. Source: JHVEPhoto / Shutterstock.com The
Kynikos Associates Founder Jim Chanos told CNBC on Thursday that he just closed a bet against Chinese coffee chain Luckin on Thursday after first taking a short position earlier in the year on advice from fellow short-seller Carson Block and his firm, Muddy Waters Research. Luckin Coffee is down more than 70% on Thursday after
A barista packs a coffee for online sales at a Luckin Coffee store in Beijing, China July 17, 2018. Jason Lee | Reuters Here we go again. It sounds outrageous: The chief operating officer of Luckin Coffee, the largest domestic coffee chain in the China, was accused by his own company of fabricating much of
Take a look at some of the biggest movers in the premarket: Constellation Brands (STZ) – The maker of Corona and other beer and spirit brands reported quarterly earnings of $2.06 per share, beating the consensus estimate of $1.65 a share. Revenue also came in above forecasts. The company is not providing any full-year guidance
[Editor’s note: “7 Super Stable Dividend Stocks to Buy Now” was previously published in February 2019. It has since been updated to include the most relevant information available.] It’s been a long few weeks for the market as COVID-19 worries have taken the main stage. Before things tanked, the stock market, as measured by the
In Swing Trading Today we review historical support levels for the S&P 500. Technical Analysis ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they are resolved https://www.surveymonkey.com/r/HW3YH2W ✅Bob’s 5
Stocks rallied early Thursday morning, only to give back much of those gains late in the session as market participants digested unsurprisingly poor, but still staggering, weekly jobless claims reports. Source: Provided by Finviz The S&P 500 jumped 2.27% The Dow Jones Industrial Average gained 2.23% The Nasdaq Composite fell 1.72% Earlier today, oil futures traded
The novel coronavirus is already proving to be the biggest economic shock to the world economy since the Great Financial Crisis of 2008. Perhaps it will be even worse than that by the time all is said and done, with a number of stocks to sell out there. In any case, the S&P 500 fell
Amidst growing global tumult, volatility has had the stock market swinging from extreme bearishness to brief moments of bullishness. And although the general direction is down, sticking to the game plan will pay off in the long run. Investors ought to stake claims in ongoing trends now to maximize returns over the next few years.
This is breaking news. Please check back for updates. Short seller Jim Chanos warned investors about piling into “virus stocks” boosted by the coronavirus lockdown temporarily. “One area I would warn people about for example is the virus stocks,” Chanos said on Thursday on CNBC’s Halftime Report. They are “doing well right now in this enforced lockdown.
A worker at NorthCape, an outdoor furniture manufacturer, makes personal protective equipment (PPE) on March 30, 2020 in Alsip, Illinois. Scott Olson | Getty Images March’s employment report could show the most monthly job losses in a decade, but it’s only a fraction of the real hit to the workforce that came when many states
Ford (NYSE:F) stock may not yet have seen the worst of the downturn. It is down by more than 50% from its 52-week highs. But that is not all. Ford cut the dividend to zero. So there is no buffer for F stock. Source: Jonathan Weiss / Shutterstock.com But let’s look forward. When is the
The market expected another small withdrawal of 6 bcf Natural gas moves back towards the low The deflationary spiral continues, but it is a bumpy road It is now April 2, and the time of the year for a transition from withdrawals to injections into storage in the natural gas market. In 2019, the final
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After the worst first quarter in the history of the Dow Jones Industrial Average, long-side traders hoped that April Fool’s Day would provide some relief. Boy, were they disappointed. Source: Shutterstock Perhaps the market slid on Wednesday because the White House predicted a “very, very painful two weeks.” In any case, the coronavirus from China