It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
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The Fed wants its policies to lift many more boats and go far deeper to get lower-income and underemployed Americans to work, before it pulls back from its easy policy stance. Fed Chairman Jerome Powell on Thursday announced that the central bank tweaked its inflation policy, indicating it would be willing to allow inflation to
With another round of funding, Robinhood has seen its valuation surge to $11.2 billion. Its not surprising considering the fact that the company added 3 million new customer accounts at the beginning of fiscal year 2020. As markets continue to trade near all-time-highs, retail investor interest remains elevated. Capital preservation is one of the most
Investors typically look at gold and other precious metals in times of market turmoil. Naturally, gold has become a safe haven for investors as the novel coronavirus changes the landscape of financial markets. Hence, investors are clamoring to buy gold stocks as gold prices have risen 27% year to date. However, things have not been
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The market was a bit wobbly today, but several indices still found a way to hit new all-time highs. With that in mind, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Walmart (WMT) Walmart (NYSE:WMT) caught a major bid on Thursday as reports swirled that it’s
CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic. “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.” The Fed earlier Thursday said it would be willing to
Protesters block a courthouse entrance in Los Angeles on Aug. 21, 2020. VALERIE MACON | AFP | Getty Images The rich really are getting richer. We know this, but two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider. Federal Reserve Board economists Isabel Cairo and Jae Sim
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares of Ulta Beauty soared 18% in extended trading after the beauty retailer
By now, you probably know Virgin Galactic (NYSE:SPCE) as that overly ambitious space company headed by Richard Branson. And since 2007, he claimed that the company is going to commercially fly people into outer-space. Yet, here we are in 2020; No such flights have happened, and SPCE stock investors are starting to get fed up. Source: Tun
Exxon Mobil (NYSE:XOM) declared another quarterly dividend even though it clearly cannot afford it. Exxon Mobil stock now has a very high dividend yield of 8.5%. It is inching higher as more believe that the company cannot sustain its dividend. Source: Michael Gordon / Shutterstock.com As I pointed out in my previous article, Exxon’s management
When I last weighed in on Chesapeake Energy (OTCMKTS:CHKAQ), I said, “Bankruptcy is in the offing, as the energy firm buckles under far too much debt.” That was back in May 2020, as Chesapeake Energy stock traded at $31 after a 200:1 reverse split. Source: IgorGolovniov / Shutterstock.com But that was a no-brainer observation. With high
The market expected a 48 bcf injection into storage for the week ending on August 21 Natural gas rallies to a new high for 2020 It is early in the year, and inventories are high, but the target is now at the November 2019 peak The price of natural gas has been moving steadily to
Tonight on Thursday Night Stock Charts Live we discuss if this recent pause in the stock rally is really a pause that refreshes allowing for new highs in the stock market. We will complete a through technical analysis of the stock market with a particular focus on the S&P 500 and the Dow Jones. ✅15
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Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected
Intel (NASDAQ:INTC) management knows its stock price is deeply undervalued as they just announced an accelerated buyback program on Aug. 19. Intel stock will benefit from this buyback program since it represents a significant return of capital to shareholders. Source: Kate Krav-Rude / Shutterstock.com For example, year-to-date the stock is down over 17% and over
Many investors have taken the view that the novel coronavirus has killed off the brick-and-mortar retail sector. And in doing so, the lockdown orders have also crushed all the real estate investment trusts that invest in commercial property. But one REIT in the space, Realty Income (NYSE:O) has bounced back. Reality Income stock is up
iBio Pharma (NYSEAMERICAN:IBIO) remains behind in the world’s vaccine quest. And just as quickly as it rose, IBIO stock is quickly fading into irrelevance. Source: Shutterstock The company’s FastPharming platform, using plant-based protein production, is unique and interesting. I can see how theoretically it could be used to quickly mass-produce a novel coronavirus vaccine. But
Stocks again powered higher on Wednesday, this time as earnings acted as a positive catalyst. With that in mind, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Salesforce (CRM) Salesforce (NYSE:CRM) has had a heck of a week. First shares were in demand on news the