People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items. Stephanie Keith | Getty Images Consumers went shopping in June,
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The coronavirus pandemic resulted in a massive shift in the way we consume food. As restaurateurs across the U.S. saw a decline in sales from lockdowns, investors flocked to food and beverage stocks in a period of uncertainty. The spring of 2020 saw a pandemic-induced wave of pantry-loading where Americans stocked up on shelf-friendly products.
As I write this on July 15, Southwest (NYSE:LUV) is having an excellent day on the markets with LUV stock up more than 8% on the day and just a little more than 60 minutes of trading until the 4 p.m. bell. Source: Carlos E. Santa Maria / Shutterstock.com The $2.81 move by Southwest puts
Utility stocks are among the most defensive of defensive stocks. One reason for this is that utility companies are highly regulated, so they have limited pricing power. That means that they are not poised for big gains, and despite (perhaps even because of) the pandemic, many investors have been looking for growth stocks. However, with
It’s been a strong start to Q3 for silver (SLV) with the metal up 7% in just ten trading days, outperforming every other asset class. This significant outperformance has contributed to the metal’s relative strength in Q2 vs. the gold price (GLD), further emboldening the view that it might finally be silver’s turn to play
There were plenty of noteworthy moves in the market today, even if the stocks weren’t reporting earnings. With that in mind, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Canopy Growth (CGC) Canopy Growth (NYSE:CGC) continues to look better and better on the daily chart, even
Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever. Berkshire Hathaway‘s Apple stake — which has claimed 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the streaming service plummeted 10% in extended trading after releasing its second-quarter financial results. Netflix reported
On Tuesday, Boris Johnson surprised Washington by announcing a ban on all new Huawei 5G equipment after Dec. 31. Separately, Digital Secretary Oliver Dowden stated that U.K. mobile providers must remove all Huawei gear by 2027. Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC), Huawei’s competitors, both jumped 3% on the news. Far more upside for Nokia stock
With many brick-and-mortar stores closed in recent months thanks to the novel coronavirus, shipping companies like FedEx (NYSE:FDX) are seeing increased traffic and profits. FDX stock is up 20% in the last month. Source: Antonio Gravante / Shutterstock.com But I’m not looking for this ride to last. In fact, FedEx is living on borrowed time.
A well-diversified portfolio is one that’s spread across asset classes. Within the equities segment, portfolio diversification can be in terms of high growth stocks and dividend stocks. In general, companies with robust cash flows and steady growth in dividends are from mature industries. These dividend stocks have relatively low beta and are a good defensive
The market expected an injection of 44 bcf for the week ending on July 10 The third consecutive week of falling injections Natural gas sits at the middle of its recent trading range Since June 25, August natural gas futures contract’s trading range has been from $1.517 to $1.924. At the $1.75 per MMBtu level
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
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv. Revenue: $22 billion, a 5.3%
A shopper walks with bags of purchases in New York. John Lamparski | SOPA Images | Getty Images Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the end of the month as the virus outbreak worsened. According to Dow Jones, economists expect
Despite the growing uncertainties occasioned by the novel coronavirus pandemic, Chinese e-commerce giant, Alibaba (NYSE:BABA) has seen its stock price skyrocket in the last few months. In its annual report released on Friday, the company is said to have reached a $1 trillion merchandise volume for the first time since its founding. Source: Nopparat Khokthong
With novel coronavirus lockdowns easing, Activision Blizzard’s (NASDAQ:ATVI) second- and third-quarter growth may disappoint some investors. As a result, Activision Blizzard stock could retreat meaningfully following its second-quarter results. Source: Lauren Elisabeth / Shutterstock.com Activision is due to report its Q2 results on Aug. 4. Activision Rallied Amid Widespread Bullishness The market seems to be
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It was a bumpy morning on Wednesday, with equities gapping up, moving lower and then rebounding back on the day. With that in mind, let’s look at a few top stock trades leading the way. Top Stock Trades for Tomorrow No. 1: Moderna (MRNA) Moderna (NASDAQ:MRNA) surged higher on the day, but was not able
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $3.78 per share, a 35% decline from a year earlier, according to Refinitiv. Revenue: $9.75