Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the
Month: May 2020
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.70 per share, larger than the $1.61 per share predicted by Wall Street analysts, with revenue also below estimates. Boeing also announced plans to cut commercial jet production rates as well as reduce payroll. General Electric (GE) –
Despite the robust after-hours reaction on Wednesday, bulls had a frustrating session in the stock market today. Microsoft (NASDAQ:MSFT), Qualcomm (NASDAQ:QCOM), Facebook (NASDAQ:FB) and Tesla (NASDAQ:TSLA) all traded higher in Wednesday’s after-hours session. While some reactions were only mildly higher — like MSFT and QCOM — others were higher by 8% to 10%. That gave
Beyond Meat NASDAQ:BYND) is off to a solid start in 2020. BYND stock is up over 30% in 2020. Revenue has grown from $33 million in 2017 to $298 million last year. And gross margins of 34% in the fourth quarter were significantly higher than regular beef sellers. Source: calimedia / Shutterstock.com Beyond Meat continues
Since reporting its earnings last week, Ericsson (NASDAQ:ERIC) stock has not done much. But then again, there was already a nice rally ahead of the announcement. Note that the shares went from $6.17 in mid-March to $8.35. Source: Shutterstock For the first quarter, Ericsson’s revenues increased by 2% to $4.93 billion. While there was considerable
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might of Goldman Sachs on a curved LCD screen. Forman, a
A person walks by rows of stores closed during the outbreak of the coronavirus disease (COVID-19) in New York, March 28, 2020. Andrew Kelly | Reuters Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders. That raises questions about how consumers will behave as the economy
Tonight Sunday Night Stock Market Live we will discuss if the stock market will continue to breakdown or will the stock market rally? We will also discuss if Warren Buffett at his Berkshire Hathaway meeting is bullish or bearish on the stock market. Bob Desmond will use stock charts and technical analysis to discuss if
Going shopping at your favorite retail outlets can be enjoyable, though it’s usually not profitable. Shopping for bargains in the retail niche can be highly lucrative, however, if done correctly. Source: Shutterstock Due to the spread of the novel coronavirus, the brick-and-mortar retail sector has struggled lately. Stay-at-home mandates have presented persistent fiscal issues for
On Wednesday, beleaguered United Airlines (NASDAQ:UAL) received the first piece of substantive good news since the novel coronavirus destroyed the global economy. And UAL stock appreciated the breath of fresh air. Source: NextNewMedia / Shutterstock.com According to Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases, Gilead Sciences’ (NASDAQ:GILD) drug
[Editor’s note: “10 Stocks to Buy as They Ride a Coronavirus Tailwind” is regularly updated to include the most relevant information available.] After suffering one of the worst declines in history, the investment markets mounted a comeback in the second half of March. Even this small piece of optimism appears to be failing, though, due
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. “We have not done anything, because we don’t see anything that attractive to
The Sedco 714 oil platform, operated by Transocean, stands in the Port of Cromarty Firth in Cromarty, United Kingdom, on February 16, 2016. Matthew Lloyd | Bloomberg | Getty Images Check out the companies making headlines after the bell. Facebook — The social media giant’s stock soared 10% in extended trading after the company reported
It was a rough day for bulls in the stock market today. Equities took in on the chin, with the S&P 500 and Nasdaq Composite both falling more than 3% at one point. After reporting earnings, Amazon’s (NASDAQ:AMZN) stumble and Apple’s (NASDAQ:AAPL) relatively flat response didn’t help matters. Remember, these are two of the three
For quite some time, I’ve expressed skepticism toward plant-based meat producer Beyond Meat (NASDAQ:BYND). Primarily, I can summarize the enthusiasm in one word: fad. Most recently, we saw the dramatic rise and subsequent fall of National Beverage (NASDAQ:FIZZ), which attempted to capitalize on the ephemeral sparkling water craze. But the difference is that unlike BYND
[Editor’s note: “Despite Recent Rally, Marathon (MRO) Stock Remains a Buy” was previously published on April 7. It is updated regularly to reflect the most relevant information.] Source: IgorGolovniov / Shutterstock.com Despite an epic plunge in oil prices, Marathon Oil (NYSE:MRO) stock has performed well in recent weeks. Shares have doubled since hitting 52-week lows
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Carl Icahn knows the oil and gas industry very well and has arguably made more of his fortune in this industry than any other single industry. His next energy bet could pay off through a
A view of New York state department of labor office in Brooklyn New York USA during coronavirus pandemic on April 14, 2020. John Nacion | NurPhoto | Getty Images Some economists expect there were at least 4 million workers who filed for state unemployment benefits last week, signaling the job losses could be greater than
The Zacks Earnings ESP (Expected Surprise Prediction) Filter lets you search for stocks with the highest probability of positively surprising (or negatively surprising, if that’s what you’re looking for). This proprietary metric has proven to predict earnings surprises with a 70% accuracy. And when the ESP is used with Zacks Rank #1 Strong Buys, #2
Friday had plenty of big movers for us to pick from. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Apple (AAPL) Shares of Apple (NASDAQ:AAPL) are struggling to rally on Friday, despite beating on earnings. Keep in mind, the overall market was under