Month: May 2020

Stocks bounced off the morning’s lows climb into positive territory, with the technology sector and New York City’s move toward reopening various businesses providing some support for modest gains to start the week. Source: Provided by Finviz The S&P 500 gained 0.01%. The Dow Jones Industrial Average retreated 0.45% The Nasdaq Composite advanced again, closing higher
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Few sectors of the economy have maintained their composure amid the spread of the novel coronavirus. And with travel volumes at multi-year lows, the airline industry has suffered major setbacks. Consequently, some shareholders have lost patience with United Airlines (NASDAQ:UAL) stock. Source: travelview / Shutterstock.com This is the type of situation in which monitoring every
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Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained for another year. “If a year from now, we are still in the same situation, we would be called a Second Depression,” Jones said on CNBC’s Squawk Box on Monday. “Just depends on
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Broader equity benchmarks didn’t do much of anything Wednesday, meandering between modest gains and losses, indicating traders may be waiting on the ugly April jobs report due out Friday before the open of U.S. markets. Source: Provided by Finviz The S&P 500 lost 0.7%. The Dow Jones Industrial Average fell 0.91% The Nasdaq Composite added 0.51%
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It’s not like Americans just sit at home watching their calendars and clocks, waiting for this lockdown to end. Things are still going on, the economy is still working. There are still solid consumer stocks to consider. The economy is just operating on a different level and companies that aren’t usually headline grabbers — like
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The plight surrounding Royal Caribbean Cruises (NYSE:RCL) reminds me of car dealerships’ go-to sales pitch, but in reverse. During negotiations, salespeople will often remark that their customers are really hurting them to convince them that they’re getting the better end of the deal (they’re not). Here, the cruise line is trying to convince investors that
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Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic.  “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
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For years, precious metals mining companies like Newmont (NYSE:NEM) and Barrick Gold (NYSE:GOLD) floundered in relative obscurity. Following the bubble bursting in the commodities sector early last decade, miners found themselves out of favor with the broader market cycle. Simply, with enthusiasm returning to equities following the Great Recession, NEM stock appeared anachronistic to Wall
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