Thanks mostly to the novel coronavirus pandemic, digital education giant Chegg (NYSE:CHGG) reported outstanding first-quarter numbers in early May as students pivoted in bulk towards online learning platforms. In response to the blowout earnings report, CHGG stock popped more than 30% to all time highs near $60. Source: Casimiro PT / Shutterstock.com Readers of mine
Month: May 2020
Many companies are being hurt by social distancing safety rules due to the coronavirus and investors may want to reevaluate whether to own their stocks, CNBC’s Jim Cramer said Tuesday. “Social distancing is going to be the answer why you have to sell certain stocks,” Cramer said. For companies that need to invest heavily to help
A pedestrian wearing a protective mask walks in front of a temporarily closed Starbucks coffee shop in Brooklyn, New York, on Monday, April 27, 2020. Gabby Jones | Bloomberg via Getty Images Check out the companies making headlines midday Tuesday: Starbucks — The coffee chain’s stock rose 2.8% after Starbucks CEO Kevin Johnson said that
Chevron (NYSE:CVX) produced significant cash flow during Q1, covering its dividend, just like it said it would last month. As a result, CVX stock has an attractive 5.8% dividend yield. It is worth at least 40% more than its price today, mainly because the energy multi-national is going to continue paying its dividend. Last month
The bearish pattern attempts to fade into history Lower production will support the price of natural gas Levels to watch on the upside over the coming weeks and months In November 2019, at the beginning of the peak season for demand in the natural gas market, the price of the nearby NYMEX futures contract traded
Broadly speaking, stocks traded lower, though by not-alarming amounts, for most of Monday before a late-day rally as President Trump renewed a familiar refrain: harsh anti-China rhetoric. Forced to up his novel coronavirus death forecast to 100,000, Trump said the White House is evaluating ways to punish China for its perceived role in the pandemic.
This was supposed to be the year that Larry Culp and his team continued driving the General Electric (NYSE:GE) redemption story. Then along came the novel coronavirus, bringing with it immense pain for GE stock. Source: Sundry Photography / Shutterstock.com To be fair, the pandemic is making for a brutal operating environment for cyclical industrial
World-class metals miner Newmont (NYSE:NEM) is an undisputed leader in the market. Holding physical metals is fine, but it isn’t always possible or convenient in trading and retirement accounts. NEM stock provides exposure to gold prices to metal-hungry investors. It’s also just a solid company. Source: Piotr Swat/Shutterstock Looking at the progress of the NEM stock
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Check out the companies making headlines after the bell. Shake Shack — The burger chain’s stock whipsawed in extended trading after the company provided its first-quarter earnings. Shake Shack said it had earnings of 2 cents per share excluding some items on revenue of $143.2 million, while
After a rocky start, many equities bounced off the morning lows on Monday. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: American Airlines (AAL) American Airlines (NASDAQ:AAL) and its peers came under heavy pressure on Monday. That’s as Warren Buffett says he
Online homemade goods retailer Etsy (NASDAQ:ETSY) is set to report first-quarter earnings after the bell on Wednesday, May 6. While those numbers should be quite good, investors should be cautious with ETSY stock ahead of earnings. Source: quietbits / Shutterstock.com Why? Because Etsy stock is already priced for perfect. Yes, Etsy will deliver both blockbuster
It looks as if investors have very little to worry about when it comes to Apple (NASDAQ:AAPL) stock these days. Despite the novel coronavirus pandemic, Apple stock is proving to be just as resilient — and relevant — as ever. Source: George Dolgikh / Shutterstock.com Apple is coming off its fiscal second-quarter earnings report in
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be
A view outside the Disney store in Times Square on March 22, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines in midday trading. American Airlines, Delta Air Lines, United Airlines — Airline shares came under pressure after Warren Buffett said over the weekend his Berkshire Hathaway sold all of its airline stakes
The difference between Royal Dutch Shell and Exxon Mobil (NYSE:XOM) is that Shell knows it’s a zombie, something Exxon refuses to believe. Regardless of whether you trade the Dutch version of Shell stock (NYSE:RDS.A) or the British version (NYSE:RDS.B), you’re buying an fossil fuel company that is now promising to disappear. Source: JuliusKielaitis / Shutterstock.com Shell
June crude oil falls to a single-digit price and recovers Open interest shrinks, but oil-related stocks rise Fear from May will remain- USO is trying to find a formula April 20, 2020 will go down in history as a watershed event in the crude oil futures market. Crude oil futures on NYMEX started trading in
Movement is what pays the bills for active traders and investors. Without it, both long-side and short-side traders would be stuck going nowhere. Thankfully, there was plenty of movement in the stock market on Wednesday. Source: Shutterstock Sometimes it’s a mystery as to why stocks move the way they do. In other cases, we can
Inovio Pharmaceuticals (NASDAQ:INO) is heating up, as investors continue to flock to certain stocks for the novel coronavirus. Shares of INO stock have rallied 140% from the April 15 low to the high on April 27. Source: Ascannio / Shutterstock.com Can that momentum continue? I am all for combing over the fundamentals and looking for
The lockdowns in the U.S. has resulted in the economy being shoved into reverse, giving investors plenty of options for stocks to buy. The Bureau of Economic Analysis (BEA) announced earlier this week that the first pass at the data for the first quarter of 2020 is very bad. The U.S. gross domestic product (GDP)