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The stock market continues to move, as traders discovered at the beginning of a new week. Monday’s market participants were subjected to volatility as the market continues to weigh the economic impact of the novel coronavirus. Today’s big stock charts offer some interesting opportunities. Source: Shutterstock Much of the trepidation revolves around whether the economy
Given the awful deluge of novel coronavirus stats and sharply negative economic metrics, we could all use some good news. Heading into Good Friday last week, senior White House adviser Dr. Anthony Fauci provided exactly that. Rather than the 100,000 to 240,000 deaths that epidemiologists forecasted, Dr. Fauci now anticipates “only” 60,000 deaths. In theory,
Media stocks have been slammed over the past few weeks as the novel coronavirus outbreak — formally dubbed COVID-19 — brought the global economy to a screeching halt. The Invesco Dynamic Media ETF (NYSEARCA:PBS) has dropped more than 30% from its February highs. Amid this wide sell-off, I’ve gone shopping for opportunities in the media
Franklin Delano Roosevelt Memorial, Bronze statues that depict the Great Depression, Waiting in a bread line by George Segal, Washington D.C, United States. UniversalImagesGroup | Getty Images The global economy will this year likely suffer the worst financial crisis since the Great Depression, the International Monetary Fund said Tuesday, as governments worldwide grapple with the
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – J&J reported quarterly profit of $2.30 per share, beating the consensus estimate of $2.00 a share. Revenue also beat forecasts. J&J did lower full-year guidance to account for the impact of the Covid-19 pandemic but also announced a
Exxon Mobil (NYSE:XOM) is in the midst of a 37% rally off its 52-week low. Still, shares of Exxon Mobil stock are lower by more than 50% over the past year and with oil prices sagging, it’s easy to understand why some investors aren’t flocking this or plenty of other energy equities. Source: Harry Green
The market is hungry for a production cut Russia and Saudis insist on an across the board agreement The problem is not supply; it’s demand Herding cats is no easy feat. Cat owners know that organizing the animals to move in the same direction is a futile exercise as they are inherently uncontrollable. Many cats
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Stocks slipped slightly lower in Monday’s session, after coming off a strong holiday-shortened trading week. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Netflix (NFLX) Netflix (NASDAQ:NFLX) remains a force to be reckoned with. The stock continues to plow higher as investors
Due to the black swan event of the novel coronavirus shutting down virtually all air travel, companies like Booking Holdings (NASDAQ:BKNG) are in serious trouble. Source: Denys Prykhodov / Shutterstock.com Prior to this mess, Booking’s core business — owning and operating travel fare aggregators — was on the upswing in 2019. Further, warming ties between
Alongside the rest of the market, the shares of online dating behemoth Match (NASDAQ:MTCH) have plunged over the past six weeks as the novel coronavirus pandemic has brought the global economy to a screeching halt. MTCH stock went from $95 in mid-January to $45 in mid-March. B Source: Shutterstock But as the number of new
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell. Roku Inc — The television streaming platform’s stock soared 9% in extended trading after the company estimated
Industrial giant 3M (NYSE:MMM) has been drawing a lot of attention over the past few weeks. The St. Paul-based company has found itself in the center of the coronavirus relief efforts. MMM stock has climbed about 10% in the past five days as the Trump administration announced plans to buy approximately 167 million masks from
A surprise rally catches some shorts sleeping The target is just above $2 per MMBtu Will selling emerge again? Spring is a time of the year for new beginnings. As the sun begins to break through the cold and cloudy winter months, birds start to sing, plants pop out of the ground, and more people
Market technicians look at channels as guides to tell them where the price of a stock might be headed. More than just a pair of parallel lines, a channel can be a strong indicator of future direction. Today’s big stock charts showcase such channels. Source: Shutterstock When channels trend upwards, that’s positive. As they say,
Without a doubt, one of the worst-hit market segments due to the novel coronavirus is the travel industry. Most worryingly, cruise liners have suffered the brunt of the damage. However, that doesn’t exempt airliners such as American Airlines Group (NASDAQ:AAL). Despite a big 10%-plus jump in AAL stock heading into the Good Friday holiday, I’m
When the shuttered American economy reopens, companies will need resources to get things moving again — both power and raw materials. That’s where the industrials come in. This concept goes back to Charles Dow himself. When the Dow Jones Industrial Average was launched in 1896, it contained just 12 companies that focused almost entirely on
Big bank stocks in India are falling like nine pins. Some investors believe that the gloominess might be overdone. Shares of private sector banks have had a wretched run of late. Investors had already cooled on the sector in recent years due to a confluence of factors: Economic growth which has slowed to a seven-year
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly. But there’s some good news: 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.