Mehmet Ali Ozcan | Anadolu Agency | Getty Images A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price
Month: May 2020
Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the company released its first-quarter earnings. Booking Holdings said it had earnings of $3.77 per share excluding some items with revenue of $2.29 billion, while analysts estimated earnings of $5.64 per share on
Tonight Sunday Night Stock Market Live we will discuss if the stock market will continue to breakdown or will the stock market rally? We also discuss if the Federal Reserve will allow negative interest rates which are currently being priced into the bond market. Bob Desmond will use stock charts and technical analysis to discuss
The weekly jobless claims report showed that another 3.2 million Americans filed for unemployment this week. Despite that figure, bulls saw another rally in the stock market today. At one point, the S&P 500 rallied almost 2% on the day, before backing off the highs. That’s likely as investors reduce exposure ahead of the monthly
As the month of May kicked off, stocks got off to a rocky start. The market slumped in response to a first quarter profit miss from eCommerce giant Amazon (NASDAQ:AMZN) and its plan to put all second-quarter earnings towards its COVID-19 response, with all three of the major U.S. indexes landing in the red on the week’s final day of trading. Aside from
Shares of Facebook (NASDAQ:FB) gained 10% after the tech giant announced better than expected first-quarter results on April 29. FB stock has now made up all the ground it lost since the beginning of the year. Source: rvlsoft / Shutterstock.com With people sheltered at home, user engagement numbers soared, as daily active users grew at an
The stock market’s coronavirus-driven bottom in late March is “definitely going to be the low” during the crisis, Wharton School professor Jeremy Siegel told CNBC on Friday. In fact, Siegel said the massive monetary policy response from the Federal Reserve, along with additional progress on treatments and possible vaccines for Covid-19, could really boost stocks next year.
Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in mid-March due to the coronavirus outbreak, but said it remains confident in the resiliency of
Earnings reports are a cornerstone of fundamentals-based research for stock market investors and traders. This is true across all economic sectors, and today we’ll apply this concept to companies in the pharmaceutical industry and their big stock charts. Source: Shutterstock Don’t get the wrong idea. One good earnings report doesn’t mean that a company’s stock
Once left for dead as a failed e-commerce company that made a costly and ill-advised jump into the blockchain world at the wrong time, Overstock.com (NASDAQ:OSTK) has come roaring back to life amid the novel coronavirus pandemic. From it’s mid-March lows, Overstock.com stock is up a jaw-dropping 5,500%. Source: Burdun Iliya / Shutterstock.com Why the
Is Southwest Airlines (NYSE:LUV) stock a good “bottom-fishing” opportunity? That depends. Sure, it’s stronger than its rivals. But that may not be enough. Source: Carlos E. Santa Maria / Shutterstock.com We may have made progress on overcoming the novel coronavirus pandemic. Yet, air travel could remain in the dog house for quite some time. As
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Bill Ackman has found another typical investment for him: a high quality business with predictable cash flows, durable growth and a catalyst in the coronavirus to separate it from other stocks. Company: Restaurant Brands International Inc. (QSR) Business: A quick service restaurant
Luis Mora stands in front of the closed offices of the New York State Department of Labor on May 7, 2020 in Brooklyn, New York City. Stephanie Keith | Getty Images The economy lost a record 20.6 million jobs in April, but 78.3% of those worker see their layoffs as temporary. The number of employees
In Best Stock Market Charts this week we discuss which stocks we plan on swing trading this coming week. We like certain technology stocks such as Slack $WORK Consumer Stocks such as Beyond Meat $BYND and sectors such as the banks $XLF and $FAS ETFs and utility ETFs such as the $XLU and the leveraged
Stocks rallied to finish the week, vaulting despite an April jobs report that felt ripped straight from the Great Depression. Source: Provided by Finviz The S&P 500 advanced 1.69%. The Dow Jones Industrial Average rose 1.91% The Nasdaq Composite tacked on 1.58% Broadly speaking, cyclical names were in style as Dow Chemical (NYSE:DOW) was the leader
The 5G revolution is coming, and that means it’s time to look for the best 5G stocks to buy to play this revolution. First, let’s take a step back. What exactly is 5G? 5G is simply the 5th Generation (hence 5G) mobile network. It naturally follows 1G, 2G, 3G, and 4G, and represents the new
[Editor’s Note: “Sell Moderna (MRNA) Stock as Covid-19 Catalyst Inflates Valuation” was originally published April 2, 2020. It is regularly updated to include the most relevant information.] Source: Shutterstock Is it too late to buy Moderna (NASDAQ:MRNA) stock? The prospective novel coronavirus vaccine has made much headway in recent weeks. But many other biotech firms
CVS Health (NYSE:CVS) beat market estimates for sales in its May 6 report but the share fell 5% anyway. The CVS stock price has eked out a 3% gain since its mid-March low, while the S&P 500 index is up 5.1% in the same seven or so weeks. Source: Shutterstock That report? Earnings of $2.01 billion,
Pedestrians wearing face masks walk past a boarded up Isabel Marant store in SoHo amid the coronavirus outbreak on May 3, 2020 in New York City. Liao Pan | China News Service | Getty Images A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the
Lay Guzman stands behind a partial protective plastic screen and wears a mask and gloves as she works as a cashier at the Presidente Supermarket on April 13, 2020 in Miami, Florida. Joe Raedle | Getty Images Investors will watch the economy’s reopening progress, as well as a series of economic reports in the coming
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