2020 has been a difficulty year so far for most travel and leisure-related companies. And in the first half, among the biggest casualties of the coronavirus pandemic have been hotel stocks. By the end of March, shares in a wide range of hotels hit multi-year lows. Since then, to the delight of market participants, many
Month: June 2020
With more than half the states in the U.S. considering some measures to slow down their re-opening efforts due to surging novel coronavirus cases, the markets are once again having to adjust to events. Although many might see this as an opportunity to buy blue-chip stocks, not all of these investments are practical right now.
CNBC’s Jim Cramer said Thursday that he’s grown worried about the stock market’s ability to continue its robust rally from the coronavirus-driven bottom. “I’m feeling uncertain here after a very big run, fourth-quarter 1999-like,” Cramer said on “Squawk Box,” a reference to the run-up in equity prices that preceded the 2000 dot-com bubble bust. Cramer’s comments came after
A man in a surgical mask walks by the New York Stock Exchange (NYSE) after more cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. Andrew Kelly | Reuters Next week brings an end, mercifully, to the first half of 2020. That’s the good news. The bad news: Wall
People are walking by the New York Stock Exchange (NYSE) building during Covid-19 pandemic in New York on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp
On its face, BP (NYSE:BP) stock looks like a wonderful pick for income investors. BP’s dividend now yields over 10%. That seems to be hugely attractive for a large, diversified oil company. Source: FotograFFF / Shutterstock.com Indeed, that yield is the highest among the largest oil producers, even for investors willing to look overseas for
[Editor’s Note: “9 Stocks to Buy to Weather the Recession” was originally published on April 1, 2020. It is regularly updated to include the most relevant information.] For most of June, market bulls have been rewarded with several positive economic indicators. First, the May jobs report saw the labor force add 2.5 million jobs, reversing
The retail sector has seen the following common saying play out: “The cream of the crop rises to the top.” Thanks to the novel coronavirus, we’ve seen this play out faster than ever before. Retailers like Rite Aid (NYSE:RAD) are not what they used to be, and that’s clear after Rite-Aid stock underwent a 20-for-1
Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic successfully completed its second glide flight test in New Mexico on Thursday, a milestone that should set the company up to begin spaceflights next. The company said that after it completes “an extensive data review”
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines after the bell. Virgin Galactic — Shares of
It’s been a weak start to the month of June for silver (SLV) as the metal is lagging gold by 600 basis points, down just over 5% thus far. This continued underperformance is likely what has contributed to the skimpy demand for the metal among small speculators, with long exposure from this group remaining near
Wednesday’s action resulted in a sharp decline and that selling pressure followed through to Thursday morning. However, bulls bid the market up off the lows, as we are now just a few trading sessions away from closing the books on the second quarter. With all of that in mind, let’s look at a few top
Tonight on Thursday Night Stock Charts Live we discuss if the change to the Volcker rule will allow banks stocks to rally. We will also discuss if we are seeing the large cap stock market names getting ready to break down. So, is it time to short the stock market or is now a good
Alongside all cruise line stocks, Royal Caribbean (NYSE:RCL) stock was on a tear from mid-March to early June, with RCL stock rising nearly 300% during that stretch on optimism that the company’s cruise line operations would shake off the novel coronavirus pandemic and rebound strongly in 2021 and 2022. Source: ImagineStock / Shutterstock.com That recovery
Whiting Petroleum (NYSE:WLL) stock is going to get a massive haircut. That will occur when a new set of shareholders are granted 97% of WLL stock. That means that the present stock price, not necessarily its market value, will take a big hit. Source: Shutterstock I have written several articles recently describing the math behind
U.S. banking regulators are about to ease restrictions created in the aftermath of the financial crisis, a development that sent bank stocks surging Thursday. Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the so-called Volcker Rule, allowing banks to more easily make large investments into
Good news for investors: Your broker-dealer is going to have to disclose a lot more about what he or she is advising you to buy or sell. Regulation Best Interest, or Reg BI, is coming into effect June 30 after more than two years of controversy and discussion. It requires broker-dealers — those who
Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm beat estimates by 5 cents a share, with quarterly earnings of $1.90 per share. Revenue also came in above Wall Street forecasts. Revenue was down about 1% from a year ago, but Accenture’s results were boosted by
Exxon Mobil (NYSE:XOM) raised its dividend for 37 consecutive years. That track record is seemingly as reliable as anything investors can expect on Wall Street. But in April, Royal Dutch Shell (NYSE:RDS.A)(NYSE:RDS.B) cut its dividend for the first time since 1945. Shell’s dividend cut should serve as a wake-up call to Exxon Mobil stock investors
The market expected a 99 bcf injection Price weakness continues as July rolls to August Ugly price action, but Don’t get too bearish Natural gas was threatening to test the March low as the Energy Information Administration released its latest inventory data on Thursday, June 25. The July futures contract rolled to August slipped below
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