After trading to a low of $20.28 per barrel on the active month August NYMEX crude oil futures contract on April 22, the energy commodity has made higher lows and higher highs. The bottom end of the gap on the chart from March at $42.17 per barrel remains a target. Voids on charts tend to
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Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2020 contest. Matt McCall’s pick for the contest is Aimmune Therapeutics (NASDAQ:AIMT). Six months ago, I introduced you to Aimmune Therapeutics (NASDAQ:AIMT) as my pick in the Best Stocks for 2020 contest. It’s a leading biopharmaceutical that focuses specifically on the unmet needs of people who suffer
With the markets generally moving in a positive direction following the devastation of the novel coronavirus, investors who feel they missed the initial boat are looking for underappreciated opportunities. One name that has caught contrarian eyes is General Electric (NYSE:GE). Steeply impacted due to the disproportionate hit on the travel industry, GE stock is attractive
Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019. Victor J. Blue | Bloomberg | Getty Images The Luckin Coffee fraud scandal was a
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2020 contest. Jason Moser’s pick for the contest is Wayfair (NYSE:W). To say that 2020 has been a crazy year for the stock market would be putting it mildly. And what about for my InvestorPlace.com Best Stocks pick? To say that 2020 has been a crazy year for shareholders
After years of flirting with bankruptcy, it appears that the time has come for retail giant J.C. Penney (NYSE:JCP). Given the massive uncertainty at this time, its best for current shareholders to dump JCP stock and get whatever value they can at this time. Source: Supannee_Hickman / Shutterstock.com The company has continued on a downward
Warren Buffett‘s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.
Tonight Sunday Night Stock Market Live we will discuss if the stock market will continue to breakdown or will the stock market rally? We also discuss if the Federal Reserve will allow negative interest rates which are currently being priced into the bond market. Bob Desmond will use stock charts and technical analysis to discuss
Here are FOUR of the best stocks to buy now, in my humble opinion, during July 2020. We’ve got one space stock, one exciting ETF, one cheap and undervalued stock, and a huge buying opportunity for a tech giant. ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU ✅14 Day Free Trial Final Days! Hurry!
Lululemon (NASDAQ:LULU) has been lagging since the company reported earnings in early June. However, LULU stock caught a bid on June 30, on news that it will acquire Mirror for $500 million. Source: Sorbis / Shutterstock.com Shares closed off the highs, but still climbed 6% on the day. Why the enthusiasm? Because Lululemon bought into a
Many shares have come off their March lows to hit recent highs. However there are exceptions, such as Xerox (NYSE:XRX). Xerox stock currently hovers around $15.15 and slowly inching down to its 52-week low of $14.22 seen on May 14. Year-to-date, the stock is down 60%. Source: BalkansCat / Shutterstock.com Today I’ll take a closer look
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island, Governor Charlie Baker said. Adam Glanzman | Bloomberg via Getty Images As the economy moves
At the beginning of the week, DocuSign (NASDAQ:DOCU) stock saw its share price decline. Investors looked at economic reopening across the U.S. as a negative for the firm’s future performance. DocuSign specializes in orchestrating contracts online and is best-known for its eSignature service, which allows people to sign contracts electronically. Source: Sundry Photography / Shutterstock.com When
Advanced Micro Devices (NASDAQ:AMD) stock rode out the novel coronavirus. But, after seeing shares rebound from their March sell-off lows, what’s next for the CPU and GPU powerhouse? Right now, shares hold steady between $50 and $55 per share. Yet, what factors could move the needle? Conversely, what risks could send shares lower? Source: Joseph
Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer reported a first-quarter loss of $2.03 per share, with the loss and its revenue matching the numbers it gave in a preliminary report on June 9. Macy’s is expecting the pandemic to impact the U.S. economy for the
Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2020 contest. Eric Fry’s pick for the contest is Freeport-McMoRan (NYSE:FCX). When we last discussed Freeport-McMoRan (NYSE:FCX), the novel coronavirus pandemic was in full force, the U.S. stock market was struggling to recover from a wicked 34% drop and copper prices had tumbled to a three-year low. This
In early June, it appeared all the tumblers were coming into place for General Electric (NYSE:GE). After over a year of cost cutting and streamlining, the company looked like things might be turning around. In the first five trading days of June, GE stock climbed over 25%, nearly in lockstep with Boeing (NYSE:BA) stock. Source:
A woman walks past FedEx Corp. Ground vehicle parked in the Midtown neighborhood of New York, U.S., on Friday, Dec. 4, 2015. John Taggart | Bloomberg | Getty Images Check out the companies making headlines in midday trading. FedEx — Shares of FedEx jumped more than 14% after the company’s fourth quarter results blew past
If you can ignore the humidity and 90-degree temperatures, you can almost convince yourself it’s March and not July. Spring training baseball is restarting and professional basketball and hockey playoffs are around the corner. If you hold Penn National Gaming (NASDAQ:PENN) stock, these are all good signs. Source: Casimiro PT / Shutterstock.com The novel coronavirus
Well, that was fun. That was my reaction to a quick spin around the Naked Brand Group (NASDAQ:NAKD) website. But a deeper dive made me realize that this is not a company that’s in it for the long haul, and by the look of the NAKD stock, it may not be in business for much