Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images The worst appears over for the economy, but the latest data casts doubt on how long it will take to recover and for the
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Apple (NASDAQ:AAPL) stock popped in late July after the technology giant reported third-quarter numbers which breezed past estimates on the back of surprisingly strong iPhone demand amid the novel coronavirus pandemic. Source: View Apart / Shutterstock.com Also of note, Apple announced a 4-for-1 stock split for the end of August. Bulls will note that stock
As expected, General Electric’s (NYSE:GE) second-quarter earnings were dismal, sending GE stock lower by 4.35% on July 29, the day the report was delivered. Source: Sergey Kohl / Shutterstock.com The industrial conglomerate lost 15 cents a share in the June quarter though revenue of $17.75 billion beat Wall Street estimates of $17.12 billion. Although revenue
Shake Shack, one of the many storefront businesses boarded in downtown Brooklyn over the fears of looting. Erik McGregor | Getty Images Just looking at the earnings for Apple, Amazon, Facebook and Google, you might get the impression that everything is going swimmingly for second- and third-quarter earnings. But that’s not the case. “We continue to
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The market could lose some of its exuberance in the week ahead as the calendar turns to August, and
Pinterest (NYSE:PINS) stock popped after the company reported surprisingly strong second quarter numbers that smashed expectations. These results were accompanied by an even stronger guide, which implies that Pinterest will emerge from the novel coronavirus pandemic stronger than ever before. Source: Nopparat Khokthong / Shutterstock.com In the big picture, Pinterest’s strong earnings confirm that Pinterest
Spotify (NYSE:SPOT) stock dropped in late July after the global music streaming giant reported shaky second quarter earnings that missed expectations and included a weak guide for the rest of the year. Source: Kaspars Grinvalds / Shutterstock.com Zooming out, Spotify’s earnings broadly confirm that SPOT stock is overvalued at current levels. From a product, platform,
With four out of the five FAANG components reporting earnings on Thursday evening, we saw more than $5 trillion worth of market capitalization report in a single night and trade on those results on Friday. With that mind, let’s look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1:
Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week again added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s
Amazon, Facebook, and Apple are only the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one of
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in
Just like flying, Spirit Airlines (NYSE:SAVE) is the best bargain when it comes to airline stocks. And did you know, SAVE stock has been one of the best performers over the past few months? Source: Markus Mainka / Shutterstock.com Over the past one and three months, Spirit stock is down 11% and up 20%, respectively.
What in store for American Airlines (NASDAQ:AAL) post-pandemic? Sure, a rapid comeback in AAL stock is possible. But, compared to other airline plays, it faces a tougher road ahead. Source: GagliardiPhotography / Shutterstock.com How so? Firstly, one could argue that low-cost carriers like Southwest (NYSE:LUV) are better airline recovery plays. Secondly, the airline faces more
During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell: Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s
Intel (NASDAQ:INTC) shares fell off a cliff last week after management announced production and shipment delays for the company’s next-gen 7-nanometer chip. These delays mean the biggest headwind for INTC stock will persist. And its competition will keep leveraging superior products to steal market share. Source: Sundry Photography / Shutterstock.com Needless to say, Wall Street
The U.S. has been using natural gas for two centuries, making natural gas stocks a source of profits for a long time. Prices of energy commodities like natural gas are important for consumers and investors alike. Earlier in the year, natural gas prices in the U.S. dropped to 25-year lows. As a result, in early
If ever there was a symbol of Robinhood traders, beleaguered car-rental company Hertz (NYSE:HTZ) would be it. Hertz stock defied convention, as it unexpectedly spiked soon after the company filed for bankruptcy protection. While the firm itself has laid out 18 specific reasons why its stock has become a risky bet, investors are still piling
After a rough open on the downside, equities coasted higher throughout Thursday’s trading session. That said, here’s a look at a few top stock trades amid a busy earnings week. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Apple (NASDAQ:AAPL) is set to report earnings after the close on Thursday. It will be joined
The market expected a 32 bcf build Natural gas has been trying to recover A $2 target, but the bears will return with a vengeance Since late June, the natural gas futures market is attempting to establish a pattern of higher lows and higher highs. The energy commodity received a vote of confidence from none