A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020 in New York City, Spencer Platt | Getty Images When the government releases gross domestic product data on Thursday, it is expected to show an unprecedented contraction of nearly 35% in the second quarter
Month: July 2020
The lockdowns that came along with the novel coronavirus outbreak have been a boon for some businesses and a disaster for others. One of the industries that has benefited most from people being locked up in the homes has been gaming. Gaming stocks climbed steadily over the past few months, but now that people are
Wells Fargo (NYSE:WFC) posted its first quarterly loss since 2008 and cut its quarterly dividend by over 80.4% from 51 cents to 10 cents per share. However, Wells Fargo stock will survive this just fine. I suspect Wells Fargo will restore the dividend after the novel coronavirus recession ends. Source: Martina Badini / Shutterstock.com Moreover,
Sometimes I get asked to write an article and feel like my InvestorPlace colleagues have said everything I can think of saying. That’s the case with Hertz (NYSE:HTZ). The company is in bankruptcy proceedings, yet somehow Hertz stock has become the apple of speculators’ eyes. Source: aureliefrance / Shutterstock.com Because of this interest in Hertz
What more do we need than the thick of earnings season? How about a Fed day? Let’s look at a few top stock trades as the markets continue to wade through what should — and could end up being — some real volatility. Top Stock Trades for Tomorrow No. 1: PayPal (PYPL) PayPal (NASDAQ:PYPL) will
1. Wall Street to bounce after two session decline 2. Gold hits all-time high as U.S.-China tensions flare As stocks surge, gold has also been moving higher, with prices hitting a record high Monday morning as relations between the U.S. and China continue to deteriorate. Gold jumped above $1,943 per ounce before moderating some of
Take a look at some of the biggest movers in the premarket: Boeing (BA) – The jet maker reported a quarterly loss of $4.79 per share, wider than the loss of $2.54 anticipated by analysts. Revenue was well below estimates as well – amid the overall slowdown in the aviation industry. Boeing also announced a
American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around. This already seems clear in the recent movements in AAL stock. But I believe this could be an opportunity to buy the stock on the cheap. Source: GagliardiPhotography / Shutterstock.com After reaching a recent high of $20.31 on June 8,
ElectraMeccanica Vehicles (NASDAQ:SOLO) wouldn’t be the first to attempt to succeed where others have failed. It’s just the latest. And in fairness it might have the best shot. Investors seem to think so. SOLO stock is up over 170% since early June. Source: Shutterstock Consider me skeptical. But then I would fit David Moadel’s label
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Virgin Galactic is giving its customers a first look inside the cabin that will carry them to the edge of space and back, as the space tourism company gets closer to finishing development of its spacecraft. “Every seat is a window seat,” Virgin Galactic design director Jeremy Brown told CNBC about the interior. The cabin’s design
A customer leaves a Sherwin-Williams Co. store Daniel Acker | Bloomberg | Getty Images With one-third of the S&P 500 reporting, there’s a battle shaping up between two stories. One is somewhat bearish: The reopening is slowing, and the second half will not see the V-shaped recovery anticipated at the height of reopening euphoria in
Check out the companies making headlines after the bell: Starbucks — Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion. Analysts surveyed by Refinitiv expected as a loss of
After a blockbuster IPO, what’s next for Lemonade (NYSE:LMND)? Going public July 2, Lemonade stock more than doubled on its first day of trading. But that was only the start. With investors excited about the insurance startup’s disruption power, shares traded at even higher prices earlier this month. Source: Piotr Swat / Shutterstock.com Granted, shares
There’s a long-term case for travel stocks even as the novel coronavirus continues to spread. At some point, even if it’s years off, normalcy will return to everyday life. Whether a company like Moderna (NASDAQ:MRNA) develops a vaccine, treatments improve, or natural factors intervene, this pandemic fortunately won’t last forever. And with many travel stocks
It was a choppy, mostly directionless day in the markets as investors gear up for some heavy-hitting earnings reports. With that in mind, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: General Electric (GE) General Electric (NYSE:GE) broke down to new lows in May before reversing higher and
It’s been an incredible start to Q3 for silver (SLV) as the metal is up over 30% in barely 20 trading days, and this significant move in the metal has brought with it the most optimism we’ve seen in years. While it was hard to find a $20.00/oz price target for silver during the metal’s
A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
When the novel coronavirus began rapidly spreading worldwide, companies scurried to set up remote work arrangements with their staff. This dramatic shift from the office to home may last longer than thought. The U.S. failed to flatten the curve. And with the spread of coronavirus on the rise, remote work is going to be a
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