There are a number of ways to invest during the crisis brought on by the novel coronavirus. Most traders focus on the typical coronavirus stocks, which tend to represent companies working on vaccines and treatments. Co-Diagnostics (NASDAQ:CODX) stock, on the other hand, is a different type of coronavirus stock. As the company’s name implies, this
Month: April 2020
In today’s episode of let’s talk stocks, we’re going to cover some technical analysis basics. We’ll talk about the double bottom stock chart pattern, which is a reversal pattern. We’re going to take a look at what the pattern looks like and how to recognize it, it’s previous trend, as well as the volume, projection
There are some key differences between ETFs and ETNs that investors should be aware of.
While Gilead Sciences (NASDAQ:GILD) appears to have a possible treatment for COVID-19 in remdesivir, which is good news for owners of GILD stock, we are still miles away from knowing who the winners will be in the 2020 version of the Gold Rush. Source: Casimiro PT / Shutterstock.com One of the things I’ve stressed in
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS Heading into earnings season, investors should expect delayed reports, withdrawn forecasts and confusing results from U.S. businesses grappling with the coronavirus shutdown. There is a general consensus that company earnings are going
The entrance to a Macy’s department store. Jeffrey Greenberg | Universal Images Group | Getty Images Macy’s is being dropped from the S&P 500, and in a sign of how far the fortunes of the retail space have fallen amid the coronavirus-related shutdowns, it is not being demoted to the mid-cap S&P 400, it’s being
Take a look at some of the biggest movers in the premarket: CarMax (KMX) – The auto retailer reported quarterly earnings of $1.30 per share, 17 cents a share above estimates. Revenue also beat forecasts. CarMax said it has seen demand progressively deteriorate amid the spread of the coronavirus. Walgreens (WBA) – The drugstore chain
Investors are finally getting some relief. After one of the quickest crashes in stock market history, the indices are starting to recover some lost ground. And a gigantic stimulus package has restored confidence in the economy. As a result, stocks have surged this week. The Dow Jones Industrial Average in particular has risen more than
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 started the second quarter off on the wrong foot, tumbling lower on the day. That said, here’s a look at a few top stock trades now. Top Stock Trades for Tomorrow No. 1: Microsoft (MSFT) Microsoft (NASDAQ:MSFT), the largest holding in the SPDR S&P 500 ETF (NYSEARCA:SPY), is starting to roll over. Shares failed
3M (NYSE:MMM) is an industrial manufacturing conglomerate that generates relatively little revenue from products that will be used in the battle against the novel coronavirus. Meanwhile, demand for most of its other products is likely to drop meaningfully during the current crisis, and the valuation of MMM stock is not especially attractive at this point.
[Editor’s Note: “5 Chinese Stocks to Buy for the Second Half 2020 Rebound”was originally published in December 2019. It is regularly updated to include the most relevant information.] The bull thesis on Chinese stocks going into 2020 was surprisingly simple and compelling. You had easing trade tensions, stabilizing geopolitical relations, ample fiscal stimulus from the
Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the U.S. energy sector, and the Street got its first taste of what could be to come when U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday. “The oil patch is falling apart … This is the other
Economists expect 4 million to 5 million or more workers filed for unemployment claims last week, but there are still millions of claims expected, and layoffs could easily double those in the financial crisis, economists said. There are two key employment reports Thursday and Friday. One is the government’s weekly report of unemployment benefit claims,
Chevron (NYSE:CVX) stock is down 68% from its 52-week peak. And that is after having risen 33% from its lows. But all is not lost. The company has made it clear that its dividend is its major priority. Source: Denis Kuvaev / Shutterstock.com The price of oil has been on a steep downturn. Along with
All winning streaks must come to an end, and the stock market finally pulled back somewhat on Tuesday. It’s fair to conclude that the selling pressure caused by the novel coronavirus from China may persist for a while longer. Source: Shutterstock Yet, it’s not fair to say that all stocks move together in lockstep. There
When I worked as a business analyst for Sony (NYSE:SNE), we frequently tailored marketing initiatives toward specific demographics. From a business perspective, these moves made significant sense. Because we live in a diverse country, respecting and honoring others’ cultures often created significant revenue opportunities. But in terms of Delta Air Lines (NYSE:DAL) and DAL stock,
A pedestrian wearing a protective mask walks along Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S. on Monday, March 30, 2020. Michael Nagle Bloomberg | Getty Images Oaktree Capital co-chairman Howard Marks is leaning toward a more negative outlook because of the uncertainty from the coronavirus pandemic, but
George Milling-Stanley has sometimes been referred to as the “godfather” of the gold business. While at the World Gold Council, he was one of a small group that helped create the SPDR Gold Trust (GLD) in 2004, now the world’s largest gold exchange-traded fund with over $50 billion in assets. He is now chief gold
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Goldman Sachs added Verizon to its “Conviction Buy” list, saying it offers investors the most attractive combination of total return and risk, thanks to the stability of its wireless business. Xerox (XRX) – Xerox dropped its $35 billion hostile bid