CNBC’s Jim Cramer on Thursday recommended investors continue adding the remote work plays to their investment portfolios as the stocks pull back. “These stocks have been big winners since the bottom in March, and while many of them have fallen out of favor this week, I think that’s temporary,” the “Mad Money” host said after
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A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters Corporations, borrowing at more than twice last year’s pace, have already raised more than $1 trillion as they race to restructure older debt, pay down bank lines and
Energy Transfer (NYSE:ET) stock has all the makings of a classic battleground name. The hotly-debated pipeline operator has seen its stock plummet in recent years. However, it has managed to retain its high dividend. As a result, its shares are popular with income investors who are drawn to its mouth-watering current dividend yield of nearly
It’s been yet another busy week in the markets with jobless claims topping 2 million yet again and the equity markets putting together two massive back-to-back advances the Memorial Day Weekend. While the equity market strength has taken a little of the shine off of gold (GLD), with the metal tumbling nearly 2% yesterday at
Stocks climbed again on Thursday, with the S&P 500 up about 85 basis points as of this writing. However, poor breadth has traders wondering if the rally is getting a bit tired. With that in mind, let’s look at a few top stock trades as we head into Friday. Top Stock Trades for Tomorrow No.
Although Microsoft (NASDAQ:MSFT) has rallied nearly 50% over the last couple of months, Microsoft stock is likely to climb further in both the short term and long term. Source: NYCStock / Shutterstock.com In the short term, the company’s more heralded catalysts – the growth of its overall cloud business, video games, Teams and the work-from-home
Retailers have been particularly hard-hit by the novel coronavirus pandemic. Lockdowns forced store closures, crippling sales. Meanwhile, operating expenses like costly leases continued. Macy’s (NYSE:M) was no exception to the bloodbath. Nothing in the department store’s long history prepared it for the situation it has faced. On Wednesday, Macy’s stock closed at $7.38, after posting a
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell. Salesforce.com — The enterprise software provider’s stock dropped 3% in extended trading after the company provided its first-quarter financial results. Salesforce.com said it had earnings of 70 cents per share excluding some items on revenue of $4.87 billion, while analysts
3M Company (NYSE:MMM) is growing its FCF very well, and as a result, MMM stock is likely to move up at least 44% over the next or so. Source: josefkubes / Shutterstock.com Right now 3M pays a dividend of $5.88 per share, which is well covered by its free cash flow, as I mentioned in
Expectations for a 105 bcf injection A bullish trend on the weekly chart- The trend in stockpiles continues The $1.80 level is short-term support on the active month July futures contract The summer season began last weekend with the Memorial Day holiday in the United States. It was a spring season to forget in the
Tonight on Thursday Night Stock Charts Live we discuss if wiser to short China or the US stock market. We’ll discuss negative rates and when we will see gold hit new all time highs. We will also discuss if we are seeing the large cap stock market names getting ready to break down. So, is
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The novel coronavirus has dealt a devastating blow across the board. However, some companies are getting back up and running, Starbucks (NASDAQ:SBUX) among them. The company is now operating more than 85% of its locations here in the U.S. At the same time, SBUX stock has responded to the prospects of a faster recovery. Source:
Luckin Coffee (NASDAQ:LK) was poised to become the Starbucks (NASDAQ:SBUX) of China, after hitting a market capitalization of $3 billion in less than two years. Now the Starbucks comparison seems farfetched at best. Instead, LK stock now belongs in the company of disgraced organizations Worldcom and Enron. Source: Keitma / Shutterstock.com Reports of murky accounting
How many times lately have you seen a news story about the incredible disconnect between the stock market, now up 37% from the March bottom, and the dire reality of unemployment heading to 25%, municipal fiscal woes, and widespread concerns about the next surge of Covid-19? The negative tone of the news is reinforced by
Take a look at some of the biggest movers in the premarket: Abercrombie & Fitch (ANF) – The apparel retailer lost $3.29 per share for its latest quarter, wider than the loss of $1.39 per share anticipated by analysts. Revenue was also below forecasts, with sales impacted by pandemic-related closures. Dollar General (DG) – The
Visa (NYSE:V) is one of the few companies still buying back shares and also paying dividends. That activity directly supports V stock, which now trades above the price it started in 2020 while the S&P 500 index is more than 8% lower. Source: Teerawit Chankowet / Shutterstock.com Moreover, the payments card processor’s continued share repurchases along
After big gap-up, stocks flushed lower in Wednesday’s session. However, the S&P 500 recovered those losses and climbed to new session highs. With that in mind, let’s look at a few top stock trades amid that action. Top Stock Trades for Tomorrow No. 1: Twitter (TWTR) Twitter (NYSE:TWTR) stock rallied strong on Tuesday, but ran
[Editor’s note: “Consider Bank of America (BAC) Stock a Buy If Markets Retest Lows” was originally published on March 23. It has since been updated to reflect the most relevant information available.] Source: Tero Vesalainen / Shutterstock.com As the recent market rebound continues, is Bank of America (NYSE:BAC) a buy? Perhaps. The novel coronavirus and