After gapping lower and selling off, the S&P 500 did a solid job of recouping some of its losses on Friday. With that in mind, let’s look at a few top stock trades for next week, which will be busy with earnings. Top Stock Trades for Monday No. 1: Advanced Micro Devices (AMD) Does this
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Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American Express (AXP) –
Legacy technology giant International Business Machines (NYSE:IBM) reported second-quarter earnings in late July which excited Wall Street and charged up IBM stock for one very simple reason: The numbers show early signs that the long-overdue cloud-powered turnaround at IBM is finally emerging. Source: JHVEPhoto / Shutterstock.com Specifically, IBM reported 34% adjusted revenue growth in its
In terms of stock returns, the last 12 months has been unimpressive for defense stocks. This has resulted in most names trading at attractive valuations. These companies have robust cash flows and a healthy dividend payout. I therefore believe that it’s a good time to consider exposure to some quality names in the industry. Geopolitical
Initially, many optimists viewed Luckin Coffee (OTCMKTS:LKNCY) as China’s answer to Starbucks (NASDAQ:SBUX). Certainly, it was a bold move as China is not exactly what you call a coffee-drinking culture. Nevertheless, Luckin stock enjoyed a remarkable performance, particularly when relations between the U.S. and China improved following bitter escalations of their trade war. Then, everything
We’ve seen a surge in demand for silver miners over the past few weeks and the Silver Miners ETF (SIL) continues to climb the ranks, now the 7th best-performing ETF year-to-date. The rush into the sector has come as a result of silver (SLV) overtaking gold (GLD) as the best performing precious metal in 2020,
CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Intel — Intel’s stock dropped 8% in extended trading after the company offered disappointing third-quarter guidance. Intel released its second quarter earnings, beating predictions of analysts surveyed by
Fashion retail stocks have been beaten up in 2020 amid a plunge in consumer spending thanks to the novel coronavirus pandemic. But one fashion retail stock which looks like a strong buy amid recent weakness is Revolve (NASDAQ:RVLV) stock. Indeed, I think that RVLV stock could double over the next six months. Source: Shutterstock This is
Earlier last week, Nvidia (NASDAQ:NVDA) briefly eclipsed Intel’s (NASDAQ:INTC) market capitalization of $260 billion. How could a company with 15% of Intel’s revenue and 13% of the operating income share the same market value? NVDA stock insiders didn’t care to ask. Since the end of March, insiders have unloaded over $97 million in shares, compared
Shares slipped lower on Thursday, as equities failed to climb on the day. With that in mind, let’s look at a few top stock trades as earnings season picks up steam. Top Stock Trades for Tomorrow No. 1: American Airlines (AAL) American Airlines (NASDAQ:AAL) has become a favorite among traders looking to play the industry.
The market expected the fourth consecutive lower build of 38 bcf August futures are consolidating Moving out of the summer season in a few short weeks The most recent recovery in the natural gas futures market took the price of August futures from a low of $1.517 on June 25 and 26 to a high
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported a 34% jump in the key metric monetizable daily active users compared to a year ago, bringing the total to 186 million. Revenue fell short of Street forecasts, and Twitter reported an overall loss for the second quarter
The buzz around the Robinhood traders has reached extreme levels. The mainstream business media can’t get enough of it, and the more they cover it, the hotter it burns. Investing in Robinhood stocks seems foolproof in today’s market, which is alarming to the finance experts. Even high-profile personalities are getting in on the action —
Hovering nicely above 52-week lows, American Airlines (NASDAQ:AAL) is at elevated risks of falling if short-sellers have their way. AAL stock has a short float of about 34.4%. Bears are betting that the airline will not stem losses fast enough to stay in business. Source: GagliardiPhotography / Shutterstock.com With more than 4.3 million positive tests
Tonight on Thursday Night Stock Charts Live we discuss if the change to the Volcker rule will allow banks stocks to rally. We will also discuss if we are seeing the large cap stock market names getting ready to break down. So, is it time to short the stock market or is now a good
People walk past a TD Bank in Brooklyn, New York. Drew Angerer | Getty Images Earnings keep coming in, and while some high-profile companies are continuing to refuse providing guidance, many are making very interesting comments about the state of their industries. Here’s a few: Stock trading really strong. A solid report from TD Ameritrade.
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
In the cloud investors are always chasing the next shiny object. A niche that seems earth-shaking when it opens will, once it’s mined, seem prosaic and staid. That’s the story of Workday (NASDAQ:WDAY) and WDAY stock. Source: Sundry Photography / Shutterstock.com The company has proven the value of its niche, human resource databases in the