A tag hangs from a Steelcase London Ltd. desk chair in the former offices of Duff Capital Advisors LP in Greenwich, Connecticut. Daniel Acker | Bloomberg | Getty Images With nearly half of the S&P 500 declining to provide earnings guidance, simple verbal commentary from a CEO or CFO —whether in a quarterly earnings press
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The Norwegian Cruise Line Norwegian Bliss cruise ship passes through John Hopkins Inlet in Glacier Bay, Alaska, July 11, 2019. Tim Rue | Bloomberg | Getty Images Check out the companies making headlines after the bell: Moderna — Shares of Moderna whipsawed in extended trading after rising nearly 7% earlier Wednesday. The stock has been on
It’s a sign of the times that there aren’t many audio and video stocks left for investors to own. Global competition means many, and maybe most, electronics now come from Asia, and China in particular. Of course, that means that the domestic producers that are still around are around for a reason. And it’s because
For anyone that has lived through the Great Recession – or watched the film The Big Short – the words leverage and mortgages in combination tends to at least raise eyebrows, if not send involuntary shudders. And sure enough, MFA Financial (NYSE:MFA), which specializes in leveraged mortgage-backed securities, has been one of the worst-hit companies
Charles Scharf Michael Nagle | Bloomberg | Getty Images Wells Fargo on Tuesday posted its first quarterly loss since the financial crisis as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic. The bank had a net loss of $2.4 billion in the second quarter, or a loss of $0.66
Check out the companies making headlines in midday trading. Wells Fargo — Shares of Wells Fargo fell 5% after the bank posted its first quarterly loss since the Great Recession and slashed its dividend. The bank posted a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than
On a day when JPMorgan (NYSE:JPM) reported blowout second quarter earnings and Wells Fargo (NYSE:WFC) reported dismal second quarter numbers, Citigroup (NYSE:C) split the difference and reported mixed numbers that were still broadly good enough to warrant buying Citigroup stock to play a second-half of 2020 U.S. economic recovery. Source: TungCheung / Shutterstock.com Big picture,
DocuSign (NASDAQ:DOCU) stock has been on fire in 2020 amid surging demand for digital contract management solutions, with DocuSign up more than 160% year-to-date. Source: Sundry Photography / Shutterstock.com Wall Street’s love affair with this work from home favorite, however, is overdone. DocuSign is a great company. But DOCU stock is significantly overvalued at current
In our live stream Swing Trading Today we answer the question of if the stock market is cheap? We will do some Technical Analysis to determine resistance levels on the stock charts. ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU
Stocks started off under pressure on Tuesday, but found their footing as earnings season gets underway. With that in mind, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: JPMorgan (JPM) For both JPMorgan (NYSE:JPM) and Delta Air Lines (NYSE:DAL), a little more post-earnings movement would have
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | Getty Images JPMorgan Chase managed to throw off the most quarterly revenue in its history at the same time that the U.S. economy is in the throes of a sharp recession. The bank posted $33.8 billion in second-quarter revenue, helping
Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Sirius XM — Shares of Sirius XM climbed 2% in extended trading after its Board of Directors declared a quarterly cash dividend of $0.01331 per share of common stock. The dividend is payable in cash on Aug. 31 to stockholders
When JPMorgan (NYSE:JPM) reported second quarter earnings in mid-July, the company proved that it is the best bank on Wall Street, and that JPM stock is the best bank stock to buy today amid Covid-19 related weakness. Source: Bjorn Bakstad / Shutterstock.com Not only did JPMorgan smash through second quarter revenue and profit estimates —
Investors who are interested in buying Grubhub (NYSE:GRUB) stock should instead buy the shares of the company that last month agreed to buy Grubhub. That acquirer is Europe-based Just Eat Takeaway.com (OTC:TKYY). In the short-term and the medium-term, the outlook of the latter company’s stock is superior to that of Grubhub stock. Source: Lori Butcher
Energy-market traders will be watching closely as oil and natural gas giant Halliburton (NYSE:HAL) reports its second-quarter earnings data on July 20. Expect the implied volatility on HAL stock to ramp up over the coming days as this is a hotly anticipated earnings announcement. Source: Trismegist san / Shutterstock.com If you’re looking for absolute perfection
A new low leads to a recovery New clues from open interest Always expect the unexpected in natural gas and you will never be surprised Last week, in an article for ETF Daily News, I wrote, “Natural Gas could have more room on the upside, given the technical position of the energy commodity.” I wrote
I have written several articles on Delta Air Lines (NYSE:DAL) in the past month. I wrote about why the company and DAL stock will survive over the long term. Source: Markus Mainka / Shutterstock.com For example, the company has plenty of cash and liquidity. In addition, it expects to be at zero cash burn by
With a debt laden balance sheet and continued volatility in the upstream oil and gas market, Occidental Petroleum (NYSE:OXY) stock is too volatile for investors to bet on at this time. Source: Pavel Kapysh / Shutterstock.com Investors looking for exposure to the oil and gas sector should consider companies in the space that are in
Tesla cars are seen at a shopping mall showroom in Los Angeles. Mark Ralston | AFP | Getty Images The Nasdaq’s stunning reversal, led by Tesla, could signal that big tech has run out of steam and hit a near term top for now, strategists said. Some of the hottest Nasdaq names and both the
In our live stream Swing Trading Today we answer the question of if the stock market is cheap? We will do some Technical Analysis to determine resistance levels on the stock charts. ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU