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Stocks swung between gains and losses Tuesday as Federal Reserve Chairman Jerome Powell testified before the Senate Finance Committee, reiterating that the central bank stands ready to support the world’s largest economy if needed. Source: Provided by Finviz The S&P 500 lost 1.05%. The Dow Jones Industrial Average dropped 1.59% The Nasdaq Composite slipped 0.54% We
When it comes to the stock price of Moderna (NASDAQ:MRNA) the question on the minds of investors is: How high can it go? The per share price of the Cambridge, Massachusetts, biotechnology company has been galloping lately, rising 91% since mid-April and an astounding 222% so far this year. MRNA stock jumped 20% on May
General Electric (NYSE:GE) stock closed May 15 at $5.49 per share, a 29-year low for the American multinational conglomerate. Not since December 1991 has the company recorded such a low share price. That was back when George H.W. Bush was still in office, and Father of the Bride was running in theaters. Source: testing /
JPMorgan Chase CEO Jamie Dimon said Tuesday in a memo that the coronavirus crisis should be used to build an economy that offers opportunities for “dramatically more people.” The memo, issued ahead of his bank’s annual shareholder meeting, served as an update to the New York-based bank’s response to the pandemic. Dimon also detailed the steps his
Pedestrians pass in front of an Urban Outfitters store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Urban Outfitters — The clothing retailer’s stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on
BP Plc (NYSE:BP) stock now theoretically yields 11.55%, as of Friday, May 15. The problem is the company is likely to cut its dividend, making BP stock vulnerable. Source: FotograFFF / Shutterstock.com You may recall that last month on April 15 I wrote that BP could not afford its dividend at the present level. I
It’s been a much better start to May for the silver bulls (SLV), as the metal has erased nearly all of its March losses and is finally beginning to act like the safe haven that investors hoped it might be in times of crisis. After Monday’s advance, the metal is up 15% thus far this month
Stocks soared to start the week after Moderna (NASDAQ:MRNA) said its vaccine to treat the novel coronavirus showed promise in boosting the immune system to ward off the deadly respiratory illness. Source: Provided by Finviz The S&P 500 soared 3.15%. The Dow Jones Industrial Average added 3.85% The Nasdaq Composite climbed 2.44% Underscoring just how strong
5G will become the dominant data transmission standard over the coming decade. Nokia (NYSE:NOK) is poised to continue battling the likes of Huawei and Ericsson (NYSE:ERIC) for market share and profitability, while it looks to emerge as the clear cut winner. Source: RistoH / Shutterstock.com 5G is clearly going to be the bread and butter
American Airlines (NASDAQ:AAL) is still suffering greatly from the lack of travel by U.S. consumers. Since I last wrote about AAL stock on May 4, shares have fallen even more. Nothing has changed that makes me believe the stock has any chance of recovering soon. Source: GagliardiPhotography / Shutterstock.com In fact, I believe that there
Logo and mascot ‘Ali cattle’ at the headquarters of Alibaba Group in Hangzhou. Zhang Peng | LightRocket | Getty Images Major changes on Hong Kong’s benchmark Hang Seng index could pave the way for China’s tech giants to expand their trading presence in Asia, while giving more investors access to their stocks. In a major revamp announced
The fortunes of the oil market have turned around dramatically in the past month. This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and prices did the unthinkable — they plunged 300% in one day, deep into negative territory. In the spot market
The stock market rally off the March lows has certainly been impressive, especially in light of the uncertainty from the novel coronavirus. But it’s been generally the highest quality companies, like Chevron (NYSE:CVX), that have seen the strongest gains. Chevron stock is up a sizzling 61% since mid-March. Source: Jeff Whyte / Shutterstock.com Granted, unlike
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
Equities surged at the open and trended higher for most of the day. Let’s look at a few top stock trades after the powerful move. Top Stock Trades for Tomorrow No. 1: Microsoft As one of the largest companies in the stock market, Microsoft (NASDAQ:MSFT) is an important bellwether name to keep an eye on.
The Trade Desk (NASDAQ:TTD) Virgin Galactic (NASDAQ:SPCE) Mersana (NASDAQ:MRSN) Chegg (NASDAQ:CHGG) Beyond Meat (NASDAQ:BYND) Cardlytics (NASDAQ:CDLX) Okta (NASDAQ:OKTA) Pinterest (NYSE:PINS) Nio (NYSE:NIO) Plug Power (NASDAQ:PLUG) If time is on your side, what’s one of the best investment strategies to generate meaningful long-term returns? Buy a bunch of up-and-coming stocks with huge upside potential over the
Like almost all industries, oil and energy have suffered during the coronavirus pandemic. BP (NYSE:BP) has been subject to this downturn along with all of Big Oil. The double-whammy of the Russia-Saudi price war and oil demand bottoming out has dealt energy a proportionally larger blow than most industries. BP stock has suffered, but out
The bounce in financial stocks could be a good sign for the broader stock market if it continues. The financial sector is like an early warning signal for the economy, and the stocks have been lagging the broader market and every other sector but consumer staples. They have gained just 25% since the March 23
We are in the midst of turbulent times to be sure. And it could be that investing moves that worked previously won’t work any longer. But that’s nothing new for the markets. Good investors need to be adaptable and transition to new strategies when necessary. The challenge now is, what is the new direction? And