Like its peers, the performance of American Airlines (NASDAQ:AAL) stock is largely determined by news involving the novel coronavirus. Source: GagliardiPhotography / Shutterstock.com The shares underwent a peak-to-trough decline of more than 76% when the Covid-19 shutdown went into effect in the U.S., then more than doubled in the wake of the reopenings. But the
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Falling US production and rig count The reaction to the tapering on July 15 The trend is always your friend, and it is higher The new active month September NYMEX crude oil futures fell to a low of $21.99 per barrel on April 22. Meanwhile, the expired May contract dropped below zero on April 20,
Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker reported quarterly earnings of $10.26 per share, compared to a consensus estimate of $8.03 a share. Revenue came in above estimates as well, helped by about $100 million in accelerated sales due to the Covid-19 pandemic. Biogen also slightly
Virgin Galactic (NYSE:SPCE) has been on fire as a number of catalysts have come to life. This has created liftoff in the share price, with SPCE stock surging more than 60% over a span of just a few weeks. Source: Christopher Penler / Shutterstock.com It’s got investors wondering whether this name can continue its ascent
At a glance, the roughly 10% rally of General Electric (NYSE:GE) stock over the last month looks attractive. But that’s hardly the case. In fact, while many investors have had luck bottom-fishing in the stock market, GE may very well be one to avoid. The company has a lousy chart, poor fundamentals and exposure to
A new acronym of equities that could define the next decade of investing. Sea Limited: https://www.zacks.com/stock/quote/SEA?cid=CS-YOUTUBE-FT-VID CRISPR: https://www.zacks.com/stock/quote/CRSP?cid=CS-YOUTUBE-FT-VID Alibaba: https://www.zacks.com/stock/quote/BABA?cid=CS-YOUTUBE-FT-VID Nvidia: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID Splunk: https://www.zacks.com/stock/quote/SPLK?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. FirstEnergy — The energy stock fell more than 24%, continuing a sharp fall from Tuesday, after the company was embroiled in a corruption investigation in
Cloud-based tech firm Fastly (NYSE:FSLY) is one of the hottest names on Wall Street in 2020, zooming from $10.63 in March to more than $100 recently. FSLY stock has made a lot of investors happy as of late. Source: Pavel Kapysh / Shutterstock.com But some bears think the run in Fastly stock is nearing an
The most important business of Brazil-based mining company Vale (NYSE:VALE) is iron ore, and the outlook for the rocks is bright. But the fact that most of the company’s mines are in Brazil, which is being very hard hit by the novel coronavirus at this point and is currently in the midst of winter, makes
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
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II Persistently high unemployment claims show the impact of the spreading virus on the workforce, and economists are already warning that July’s employment report could show
Back on April 6, I wrote about how Alibaba (NYSE:BABA) stock would be a winner in the Covid-19 era. In the three-plus months since that column was published, Alibaba stock is up over 20% and recently made new all-time highs. Source: BigTunaOnline / Shutterstock.com It’s always scary buying a stock near all-time highs. However, I
San Diego-based Sorrento Therapeutics (NASDAQ:SRNE) has become one of the hottest biopharmaceutical companies investors are watching in the rush to find a cure for the novel coronavirus. So far in the year, SRNE stock is up around 130%. Source: luchschenF / Shutterstock.com However, that number tells only half the story. In mid-March, Sorrento shares hit a
In Best Stock Charts Today we will be discussing the best stocks to swing trade both long and short. We use TrendSpider charting software to demonstrate how we leverage automated technical analysis to identify strong support and resistance levels using multi time frame algorithms. ✅Join out VIP Private Group session invitation list free! (we hate
In a summer of unending news, we may be heading into what could be the newsiest week of all. The Nasdaq’s sputtering rally could be put to its biggest test yet, as tech bellwether Apple and other stalwarts of the tech rally report earnings. Early in the week, Republicans will unveil their stimulus package proposal, which
For young FIRE investors, retirement isn’t an age. It’s a number. And it’s a number which they believe they can get to rather quickly. Much more quickly than their parents did. FIRE — which stands for Financial Independence, Retire Early — is a modern, Millennial-driven movement creating a blueprint for young workers to follow so
Inovio Pharmaceuticals (NASDAQ:INO) is a contender in the hyper-competitive field to develop a novel coronavirus vaccine, but with the company falling behind rivals, INO stock is risky. Source: Ascannio / Shutterstock.com INO stock is up a staggering 719.70% this year, as of July 22. Under normal circumstances, a move like that in the span of
With airlines suffering from low traffic and billions in losses, investing in airports right now may seem unwise. But, in fact, airport bonds have been outperforming the broader municipal bond market. Strategists say it’s because airports went into the Covid crisis with a lot of cash on hand and that should help them weather the
Prior to the renaissance of online-sports gambling, Penn National Gaming (NASDAQ:PENN) was primarily known as an owner and operator of regional casino properties. That was a highly profitable venture until the novel coronavirus kept gamblers away from crowded casinos, which in turn put pressure on the price of PENN stock. Source: Casimiro PT / Shutterstock.com
General Electric (NYSE:GE) was struggling going into the novel coronavirus outbreak and it’s struggling amid the pandemic. Is that a good enough explanation as to why to avoid it? Likely not. GE stock remains 46% below its February high, while falling almost 60% from peak to trough. Source: Sundry Photography / Shutterstock.com Based on just