Many moving parts – including the novel coronavirus crisis, OPEC’s moves, the overall economy, demand for air travel, and the increased popularity of electric vehicles – will affect oil stocks, including Exxon Mobil (NYSE:XOM) stock. I believe that Exxon Mobil stock will prove to be a good name for income investors over the medium term.
Month: August 2020
Over the years, I have consistently pounded the table on groundbreaking technology firms. Collectively, we’re entering a period where multiple innovations are converging at once, sparking what I term the “Roaring 2020s.” Certainly, electric vehicles represent a vital cog in this gear. However, this does not include bizarre gimmicks like Electrameccanica Vehicles (NASDAQ:SOLO). Thus, I
The market had trouble gaining upside momentum on Friday, as tech and growth stocks came under selling pressure. With that in mind, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Fastly (FSLY) Are you interested in Fastly (NYSE:FSLY) as a long-term investor? This was a
Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared
It’s difficult to imagine a better earnings report than the one Etsy (NASDAQ:ETSY) delivered on Wednesday. Yet investors shrugged: ETSY stock declined 3.6% in regular trading Thursday. Source: quietbits / Shutterstock.com Admittedly, Etsy had more than quadrupled from March lows heading into the report. A “sell the news” reaction is to be expected. And we’ve
Kroger (NYSE:KR) stock was underperforming for years before the novel coronavirus hit. No more. It opens for trade on Aug. 7 at about $35 a share. That’s a 21% gain for 2020, against 2.3% for the S&P 500 index, and 11% for Walmart (NYSE:WMT), the country’s biggest grocer. Source: Jonathan Weiss / Shutterstock.com Kroger operates
On Aug. 5, cruise stocks wavered on news that they would again extend their no-sail date through October. This hit shares of Carnival (NYSE:CCL), Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH). Fortunately for investors, Carnival stock managed to stabilize for the rest of the week. The problem is, obviously, that without cruises there isn’t
Source: Quicken Loans Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the company
Dana assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters As Congress haggles over stimulus to help the nation’s unemployed, markets await
The novel coronavirus pandemic hasn’t slowed down semi-conductor giant, Nvidia (NASDAQ:NVDA). In fact, NVDA stock is up 88% year to date. Nvidia is currently trading near all-time highs, with some analysts predicting a whopping 12-month price target of $500. Source: JHVEPhoto / Shutterstock.com But now many wonder, can Nvidia continue its momentum heading into its
Although some folks on Wall Street may deny it, I believe there’s overwhelming evidence of a disconnect between investment market valuations and the real economy. Still, that doesn’t mean you can’t profit from the irrational enthusiasm. Better to go with the train than against it. However, at some point, the ride will likely end. When
If you’ve ever glanced at Luckin Coffee (OTCMKTS:LKNCY) and thought about buying some Luckin stock, hear me say this: don’t do it. Even though company shares are down 95% from their peak, Luckin’s $2.50 stock price still reflects a buoyant alternate universe. Source: NewsToday / Shutterstock.com In reality, corporate insiders, preferred shareholders, and Chinese market
The S&P 500 is filling its February gap, causing some to wonder what’s next: all-time highs or a potentially large pullback? With that in mind, let’s look at a few top stock trades in the meantime. Top Stock Trades for Tomorrow No. 1: Uber (UBER) Uber (NYSE:UBER) is set to report earnings on Thursday, after
We’ve seen an exceptional start to the year for gold (GLD) with the metal up over 35% year-to-date, surpassing most asset classes for year-to-date performance briefly being thrown out with the March bathwater. This incredible run has seen the metal put in a new all-time high to finish the month of July, a very bullish
Tonight Sunday Night Stock Market Live we will discuss the inverse correlation of Inflation vs. Gold, Silver, Bitcoin and answer this questions. Is inflation rising? And, should I buy gold, silver and commodities to protect and build wealth. Bob Desmond will use stock charts and technical analysis to discuss if this current bear market will
Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a
Photo by: Conor Ogle Check out the companies making headlines in midday trading. Roku — Shares of Roku dropped nearly 7% after the streaming video company issued a bleak outlook. The company said the advertising industry outlook remains uncertain in the second half of the year, and that it believes total TV ad spend won’t
Caesars Entertainment (NASDAQ:CZR) and CZR stock are experiencing a renaissance of sorts. Last month, the company previously known as Eldorado Resorts cleared the last regulatory hurdle in its quest to buy the “old Caesars,” completing a $17.3 billion deal creating the largest U.S. casino company. Source: Shutterstock The buyer Eldorado assumes the Caesars name and
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow visibility. Utility stocks should therefore be a part of the core portfolio as they reduce the portfolio risk. Mark D. Schild, assistant dean at the Stillman School of Business at Seton