Stocks stumbled again Tuesday as the ongoing decline in the oil pitch, coupled with fears a new coronavirus stimulus package will prove inadequate in bolstering the economy, served confirmation that a recession is setting in. Source: Provided by Finviz The S&P 500 lost 3.07% The Dow Jones Industrial Average declined 2.67% The Nasdaq Composite gave up
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After a lot of debate, the airlines got their government aid package. Traders cheered, if only for a moment. As is often the case, though, it quickly turned into a “sell the news” moment. With the positive catalyst behind us, airlines stocks are sinking again as folks consider the longer view. It’s great that the
Spoiler alert, Amazon (NASDAQ:AMZN) stock will probably always be a buy in my book, as long as management continues a run of near-perfect execution. This leadership is no fluke; under Jeff Bezos, steady leadership has been a fact for decades. Source: Mike Mareen / Shutterstock.com It is neither a surprise nor a coincidence that AMZN
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday. It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand. On Monday, the May contract
Tim Boyle | Bloomberg | Getty Images Check out the companies making headlines after the bell. Snap — The social media platform’s shares skyrocketed 18% in extended trading after the company reported strong first-quarter revenue. Snap said it had revenue of $462 million in the first quarter, while analysts polled by Refinitiv anticipated $430 million. “Snapchat
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Source: Hadrian / Shutterstock.com Welcome to InvestorPlace’s Amazon (NASDAQ:AMZN) live blog, where you can find up-to-the-second insights in Amazon stock news today. [Check back often, as this page will be updated with more Amazon stock news and insights each day the market is open.] Amazon Pledges $10 Million to Save Forests [Tuesday, April 21, 10:15
Never short on scandals and controversies, Uber Technologies (NYSE:UBER) may not warm most people’s hearts. However, it’s undeniable that the company revolutionized the concept of ride sharing. A cost-effective means of bypassing the traditional taxi service, the innovative platform has found rapid adoption, especially among younger adults. It’s also provided valuable services across multiple demographics,
There’s no hiding the truth: streaming stocks are on fire now right now. And with good reason. Consumers across the globe are cooped up in their homes. And in the absence of being able to go out, people everywhere are looking for fun ways to entertain themselves. The best options? Streaming TV services. Video games.
Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images Check out the companies making headlines in midday trading. IBM — Shares of IBM dropped nearly 6% after the company reported
Despite what critics have said of late, 3M (NYSE:MMM) is actually a very solid and safe company for investors. MMM stock has at least 45% upside from current prices based on its dividend-paying track record and solid cash flow. Source: r.classen / Shutterstock.com The company has been in the news lately due to its production
A bullish reversal on the daily chart stops the downward trajectory, for now The forward curve is telling us that production will decline, and prices will rise Contango makes investments expensive, pick your spots with caution Last Thursday, the price of natural gas was looking like it was on a path to a new low.
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
With May crude oil futures tumbling into negative territory, energy is the talk of the day on Wall Street. With that in mind, let’s look at a few energy-focused top stock trades. Top Stock Trades for Tomorrow No. 1: Energy Sector ETF (XLE) The Energy Select Sector SPDR ETF (NYSEARCA:XLE) is actually handling the bizarre
Royal Caribbean (NYSE:RCL) has been absolutely hammered over the past month amid the novel coronavirus pandemic. RCL stock is down a stark 74 percent so far this year and will almost certainly keep falling amid travel shutdowns, quarantines and the economic fallout from Covid-19. Source: Laszlo Halasi / Shutterstock.com Contrarians have been sniffing around cruise stocks in
With a market capitalization of $123 billion, AbbVie (NYSE:ABBV) stock is one of the most famous names in the pharmaceutical niche. This company has been around for a while and the stock has rewarded long-term owners, though there were a rough patches in 2018 and 2019. Source: Piotr Swat / Shutterstock.com 2020 was set to
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that
A pumpjack operates above an oil well at night in the Bakken Formation on the outskirts of Williston, North Dakota, U.S., on Thursday, March 8, 2018. Bloomberg | Bloomberg | Getty Images The oil industry is in its worst crisis since at least the Great Depression, according to analysts. There’s too much oil, and nobody