Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Alphabet — The tech giant’s stock was down 2% in extended trading after CNBC reported that Google is reducing its marketing budgets by as much as half for the second half of
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We’ve seen an impressive start to the year for gold (GLD) as the metal has chalked up the best performance among nearly all asset classes with a 13% return year-to-date, outperforming the S&P-500 (SPY) by roughly 3000 basis points in just four months. Silver (SLV), however, has been a different story, and the calls for
Every trading session tells a different story. The story being told on Wednesday was that the market is quite relieved to see oil starting to bounce back. Source: Shutterstock Traders were also optimistic that the U.S. government would provide much-needed relief for small businesses. These considerations seemed to be more important than corporate earnings reports,
The stock market’s powerful snapback rally seems to be in a holding pattern – but it could launch again once Wall Street fully digests the bad news on oil and investors look for stocks to purge. It’s anyone’s guess how much higher this rally goes, but it has already vaulted the S&P 500 Index to
Some hot stocks to buy are starting to deliver their results and the reactions have varied. This is the strangest earnings season on record because the world was under quarantine for most of the period, so businesses almost have nothing to report. Yet they have the obligations to share with us their misery. This is
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday he believes that scientists testing treatments for the new coronavirus will succeed in getting patients “out of the hospital faster” and reducing “death sentence” concerns. “I think the scientists are going to solve it,” predicted Cramer, who has been advising
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker reported quarterly earnings of $1.75 per share, beating the $1.48 a share consensus estimate. Revenue was also above Street forecasts. Lilly’s worldwide revenue was boosted by $250 million due to Covid-19, but the company said the virus
The Coca-Cola Co. (NYSE:KO) celebrated its centennial as a member of the New York Stock Exchange last year. It’s still going strong, with the KO stock price currently sitting just below the mid-point of its 52-week range. Source: Fotazdymak / Shutterstock.com The company beat earnings estimates by almost 17% on April 21. CEO James Quincey’s
Tonight on Thursday Night Stock Charts Live we discuss if 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 it time to short the stock market or is now a good time to buy.
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Social media and airline stocks dominated the market on Wednesday. Let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Snap (SNAP) Investors have been worried about digital ad revenue, but those fears are quickly alleviating after the earnings report from Snap (NYSE:SNAP). Shares ripped higher by
Presently, the oil market is giving you a case of good news and bad news, depending on your perspective. If you’re in the market to buying a new or used car, you’re living a charmed life. On the other hand, if you’re deeply invested in oil firms like BP (NYSE:BP), you should consider an exit
In times of volatility, smart investors are looking for bellwether investments that will stand the test of time. During recessions and calamities, people tend to move away from sexy fly-by-night operations, preferring companies with solid fundamentals instead. One such company is Microsoft (NASDAQ:MSFT). Microsoft stock has the performance investors are looking for in these trying
Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images This is a developing story. Check back for updates. Trading in the United States Oil Fund, a popular exchange-traded security known for its ‘USO’ ticker which is
Source: GagliardiPhotography / Shutterstock.com Welcome to InvestorPlace’s American Airlines (NASDAQ:AAL) live blog, where you can find up-to-the-second insights in AAL stock news today. [Check back often, as this page will be updated with more AAL stock news and insights each day the market is open.] AAL Launches Marketing Campaign Amid Controversy [Wednesday, April 22, 2:20 p.m.] AAL
About a year ago, Marathon Oil (NYSE:MRO) stock was trading at about $19. But even before the novel coronavirus severely impacted the world economy, the share price was already eroding. Although, during the past few months, the bear move has certainly accelerated. Note that MRO stock is now trading around $4.50. Source: Casimiro PT /
How good is life at Nvidia (NASDAQ:NVDA)? Source: michelmond / Shutterstock.com It’s so good that the company is handing out raises rather than pay cuts as COVID-19 ravages the planet. It’s so good it has the cash to complete the $6.9 billion acquisition of Mellanox Technologies (NASDAQ:MLNX), which Chinese regulators have now approved. Once the deal
An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
An oil well owned and operated by Apache Corporation in the Permian Basin, viewed on February 5, 2015 in Garden City, Texas. Spencer Platt | Getty Images The U.S. oil industry reacted to cratering oil prices by cutting production by 900,000 barrels a day in just a month in what appears to be the biggest
What is a call option? You might have heard about option contracts in the past. There are calls and puts. When you’re buying a call, it means you’re looking for the stock to go to the upside, which is a bullish outlook. You can also sell a call, which means you’re looking for the stock