A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters Earnings from IBM, Netflix, Coca-Cola and dozens of others are expected in the week
Month: April 2020
After multiple days of outsized price moves, the stock market was indecisive on Thursday. For hours at a time, stocks went nowhere or darted to and fro, causing confusion and frustration. Source: Shutterstock That’s going to happen sometimes and traders need to be ready for noncommittal price action in the markets. Head-fakes and sucker’s rallies
At-home connected fitness company Peloton (NASDAQ:PTON) has turned into one of Wall Street’s favorite stocks to buy amid the novel coronavirus pandemic. This investor favoritism has led PTON stock to essentially double over the past month alone. Source: Sundry Photography / Shutterstock.com The logic ostensibly makes sense. The at-home fitness trend — which was already
The world’s best investor, Warren Buffet, once said to be fearful when others are greedy, and greedy when others are fearful. Corporate insiders did the latter in March. Insider buying activity hit a record high in March 2020. That is, while the broader markets were plunging on concerns that the novel coronavirus outbreak was bringing
Larry Fink, chief executive officer of BlackRock Inc., pauses ahead of a Bloomberg Television interview at the Blackrock Inc. wealth symposium in Zurich, Switzerland, on Thursday, March 7, 2019 Stefan Wermuth | Bloomberg via Getty Images Larry Fink, co-founder of the world’s biggest money management firm, told CNBC on Thursday the stock market’s coronavirus low
The number of companies withdrawing or declining to provide earnings guidance continues to grow, with Abbott, ConocoPhillips, Jack in the Box, GoPro, and Bed Bath & Beyond in just the last couple days. JPMorgan, in a note to clients, said that so far 86 S&P 500 companies have suspended earnings guidance. Not surprisingly, some in
Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant earned $1.17 per share for its latest quarter, beating consensus estimates by 4 cents a share. Revenue came in below analysts’ projections. Organic sales were up 6% during the quarter thanks in large part
With OPEC+ agreeing to terms on a production cut, does that make BP plc (NYSE:BP) a buy? Shares have been hammered, as have most energy names, with BP stock still down 38.6% from its 2020 highs. Source: FotograFFF / Shutterstock.com From peak to trough, BP fell more than 60%. Investors were dumping everything in the
It’s been a strong start to the year for gold (GLD) as the metal was briefly derailed during the mid-March panic lows. However, gold has since recouped all its losses and is attempting to take out the $1,800/oz level. Unfortunately, for those hiding out in silver (SLV) that were hoping the metal might provide a
Here is what investors need to know before investing in Oil ETFs. (USO, DBO, USL)
It was a back and forth session on Thursday, with little progress made in either direction. With that in mind, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Morgan Stanley (MS) Like most of the bank stocks, Morgan Stanley (NYSE:MS) is struggling to rally after
On Feb. 13, I warned investors holding Aurora Cannabis (NYSE: ACB) stock there could be more pain ahead. Since then, the stock is down another 49.6% to trade under 75 cents. Source: Jarretera / Shutterstock.com This week, Aurora announced a new $350 million equity facility and a 12-to-1 reverse stock split. Aurora stock has tremendous
While Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has rallied nicely — along with the other mega tech operators like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) — the shares are still about 18% off their highs. It was back in March that GOOG stock was at $1,532. Now it’s at $1,249, putting the market capitalization at $857 billion. Then again,
SpaceX CEO Elon Musk speaks at a press conference where he announced the Japanese billionaire chosen by the company to fly around the moon, on September 17, 2018 in Hawthorne, California. Mario Tama | Getty Images SpaceX is launching more often than any other country or company and CEO Elon Musk touted low insurance costs as proof
An Uber Eats food delivery courier closes a bag with an order during a lockdown, imposed to prevent the spread of coronavirus disease (COVID-19), in central Kiev, Ukraine April 2, 2020. Valentyn Ogirenko | Reuters Check out the companies making headlines after the bell. Gilead Sciences — The pharmaceutical company’s stock surged 13% in extended trading
BP (NYSE:BP) stock has been hit pretty hard in the past year. It is down 45% from the 52-week peak. In the past month, though, the stock has actually risen 34% from its low on March 18. Right now BP stock has a very attractive dividend yield of more than 10%. But will this last?
The market expected an injection of 45 bcf Natural gas sits below the $1.60 per MMBtu level The potential for a lower low rise In November 2019, the price of natural gas reached a seasonal high of $2.905 per MMBtu, substantially below the peak from November 2018 when the energy commodity climbed to $4.929 per
After a day of hope and euphoria, the risk-off trade came back into the spotlight on Wednesday. Much of this stemmed from reports of worrisome economic data. Perhaps the big stock charts can provide a glimmer of hope for battered and bruised investors. Source: Shutterstock First of all, U.S. retail sales declined by 8.7% during
Alternative-meat producer Beyond Meat (NASDAQ:BYND) has never been a consistent market entity in its short life. Therefore, it wasn’t particularly surprising when BYND stock jumped substantially higher in the early weeks of 2020. With the underlying company’s fake meat products finding significant momentum at fast-food eateries, the signs were initially positive. Source: Shutterstock That is
Over the years, Advanced Micro Devices (NASDAQ:AMD) has garnered plenty of criticism. I think that’s as there were many who missed the boat on AMD stock, as shares went from sub-$2 four years ago to a current price north of $50. Source: Fabio Alcini / Shutterstock.com If investors did nothing else but catch this stock
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