[Editor’s note: “After 70% Rebound, It’s Time to Ditch Chevron Stock” was originally published April 6. It has since been updated to reflect the most relevant information available.] Source: Jeff Whyte / Shutterstock.com What’s next for Chevron (NYSE:CVX)? Like its major oil company peers, Chevron stock has been hammered thanks to record low energy prices,
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CNBC’s Jim Cramer said Wednesday that he thought some stocks were rallying too far too quickly given the high level of unemployment in the United States as the economy tries to pull out of the coronavirus slowdown. “It’s too ‘happy days are here again,'” Cramer said on “Squawk on the Street.” “It’s just not going
Construction workers build a Toll Brothers home in Boca Raton, Florida. Joe Raedle | Getty Images Check out the companies making headlines after the bell. Virgin Galactic Holdings — The aerospace company’s stock fell 3% in extended trading after fellow space travel company SpaceX had to delay its historic astronaut launch with NASA because of bad weather.
Ford (NYSE:F) stock looks like a good value proposition at today’s price. Why? Even though F stock has no dividend right now, the company will likely restore it soon. Source: Vitaliy Karimov / Shutterstock.com Moreover, Ford’s sales will rebound over the summer and fall. That’s especially true for its F-150 trucks. Keep in mind that
A bounce from a higher low A lower high could be on the horizon Trading the range in the natural gas market Investors run from volatility, while traders embrace periods where price variance increases. The natural gas futures market has been ground zero for traders in search of volatile price action since the energy commodity
From a purely technical perspective, traders might think that Uber (NYSE:UBER) is doing just fine. This outlook is understandable since the price of Uber stock has recovered nicely from March’s low point. Source: Proxima Studio / Shutterstock.com The problem here is that price action doesn’t necessarily tell the full story. You’ll need to step away
The markets seem unconcerned with the novel coronavirus and 38 million unemployed. Of course, the markets are forward looking, so it’s not about now, it’s about a couple quarters from now. With this in mind, now is a great time to pick up some cheap stocks. Think about it. Stocks seem to be holding up
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the
Take a look at some of the biggest movers in the premarket: Tractor Supply (TSCO) – Tractor Supply said it expected record-breaking sales and earnings for the current quarter, and that comparable-store sales for the farm supply company would grow by 20% to 25%. Tractor Supply shares are up 47% since nationwide lockdowns began in
A location, quality, and political risk spread US output falls narrowing the spread WTI can go to a premium The crude oil market is like a complicated jigsaw puzzle. The pieces alone do not reveal the big picture for the energy commodity. However, putting them together can begin to uncover a landscape that provides clues
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As investors start to focus on the reopening of the country, they are turning to the beaten down stocks of 2020. We’re seeing some profit-taking in the strong sectors and stocks, and big rallies in the laggards. So for our top stock trades, let’s take a closer look at the latter. Top Stock Trades for
I saw an article the other day about Peloton (NASDAQ:PTON) that examined whether Peloton stock is a better buy than Nike (NYSE:NKE). Source: Sundry Photography / Shutterstock.com I’ll be the first to admit that I was never very bullish on Peloton. To me, it seemed like a fancy, techie version of the age-old fitness bike.
It’s interesting to see how traders are flocking to certain stocks in the wake of the Covid-19 pandemic. One noteworthy influx of trading volume and analyst coverage has surrounded Inovio Pharmaceuticals (NASDAQ:INO) stock. Source: Ascannio / Shutterstock.com Much of the interest, as you might imagine, involves the company’s prospects of being first to market with a Covid-19
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. SpaceX raised well over the $500 million it was seeking in its most recent funding round, filings with the Securities and Exchange Commission reveal. Elon Musk’s space company on Tuesday filed
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the bell. Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended
With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends are more than covered by the company’s free cash flow. In addition, the dividend yield is greater than 5% or 6% annually. It took a little searching. For example, a number
It’s been an incredible start to the year for the Gold Miners Index (GDX), with the index up 21% year-to-date, outperforming nearly all other asset classes thanks to lower oil prices and continued strength in the gold (GLD) price. While the index was briefly derailed in March following overall market turbulence, it has since soared
Penn National Gaming (NASDAQ:PENN) has benefited greatly over the past week from the move to reopen the country. As the company’s 41 gaming and racing properties in 19 states have started to open their doors to gamblers, PENN stock has gone through the roof. Source: Jeffrey J Coleman / Shutterstock.com Up 62% in five days
The SpaceX Crew Dragon spacecraft for Demo-2 inside the company’s hangar at NASA’s Kennedy Space Center. SpaceX SpaceX is set for its most important milestone yet, in a launch that may well define the future of the U.S. space program. Elon Musk’s company plans to launch a pair of NASA astronauts on Wednesday — the