This might have been a short week in the markets, but it certainly wasn’t lacking excitement. On Wednesday the investing community apparently started to feel that the curve may be flattening on the spread of the novel coronavirus. Today’s big stock charts show some of that optimism. Source: Shutterstock The proof of this upbeat sentiment
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The newly publicized security vulnerabilities of Zoom (NASDAQ:ZM), combined with the likely easing of the novel coronavirus crisis in a couple weeks and the meaningful competition the company is facing, do not bode well for Zoom stock at all. As a result, investors should avoid the shares. Source: Michael Vi / Shutterstock.com On April 5,
The “prepper” or survivalist movement was around for decades before the novel coronavirus outbreak. But now, as COVID-19 continues to dominate the headlines and reshape the global economy, preparing for imminent catastrophe doesn’t seem quite as eccentric. While not everyone is buying eight months worth of food, we have seen a serious surge in panic-buying
Mark Yusko is the Founder, CEO & Chief Investment Officer of Morgan Creek Capital Management. Alternative Thinking About Investments. Co-Founder & Partner of Morgan Creek Digital.
CNBC’s Jim Cramer on Thursday praised the Federal Reserve‘s latest moves to help keep afloat a U.S. economy that’s been battered by the coronavirus pandemic. Before the stock market opened, the Federal unveiled details of its much-anticipated Main Street lending program and other initiatives, a total of $2.3 trillion in loans to help businesses and municipalities.
Take a look at some of the biggest movers in the premarket: Starbucks (SBUX) – Starbucks said its fiscal second-quarter profit would likely drop by 47% due to the coronavirus impact, and that it was abandoning its full-year forecast. The coffee chain is also suspending its share buyback program, although it will continue to pay
The last time I looked at Exxon Mobil (NYSE:XOM) stock, oil prices were plunging and analysts were saying don’t go there. Source: Harry Green / Shutterstock.com A few weeks later, the stock is trading higher and some think it could approach $50 per share. In fact, nothing much has really changed. Exxon Mobil stock is
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After an ugly reversal on Tuesday, equities posted a solid bounce on Wednesday. With that in mind, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Pinterest (PINS) Pinterest (NYSE:PINS) stock surged higher on Wednesday, up more than 10% at one point, after the company reported
It’s no surprise that airline stocks have been among the hardest hit names as a result of the coronavirus pandemic. It’s hard for them to make money when no one is flying. American Airlines’ (NASDAQ:AAL) stock has shed over 60% since mid-February. Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A,BRK.B) has been hammered by its exposure to airline
Lululemon Athletica (NASDAQ:LULU) stock is back on the upswing. Yes, Lululemon stock got clobbered during the March crash — shares declined by as much as 50%. But they have recovered swiftly, with shares rallying from $130 to $195 over the past couple weeks. There’s good reason for that. Source: Richard Frazier / Shutterstock.com Looking at the
Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg | Getty Images Banks are scrambling to process a growing backlog of applications for the
Wholesale gasoline prices are collapsing, a sign that more refineries will cut back or shut down and prices at the pump could sink to under $1 a gallon in more parts of the country, analysts said. In some sections of the Midwest on Wednesday, distributors were getting just about 10 cents for a gallon of
Microsoft (NASDAQ:MSFT) stock is the ultimate anti-recession stock. The company produces so much cash flow and has so much cash that there is no concern about the dividend. Source: Peteri / Shutterstock.com In fact, there is almost no concern that Microsoft will not continue its share buybacks, on top of paying the regular dividend. Let’s
The headlines make the world go around, at least when it comes to stock trading. The news wasn’t so great in March but it might be getting better in April, and stock prices seem to be reflecting this. Today’s big stock charts showcase names that got some of that good news. Source: Shutterstock Encouraging news
What’s next for Plug Power (NASDAQ:PLUG) stock? The novel coronavirus and the collapse of energy prices have taken the wind out of “green wave” stocks. But this isn’t the only issue for the hydrogen fuel cell company. Pushing the growth envelope, the company has aggressively used vendor financing, and that could create problems for it.
Canadians and members of other nationalities may openly wonder about America’s obsession with firearms. In fairness, it’s not that we are obsessed. Rather, gun owners are among the nicest and most reasonable Americans you can find. It’s just that they’re scared of the insanity of the masses. And even if you don’t want to arm
Hello and welcome to Zacks Investing For Beginners. This episode explores some of the best ways to start buying and picking stocks…
Carson Block Anjali Sundaram | CNBC Carson Block’s Muddy Waters Research announced Wednesday it has taken a short position in eHealth Inc., which owns a digital health insurance exchange. Block, the firm’s founder, disclosed the position on CNBC’s “Squawk Box.“ Muddy Waters argues eHealth, with a stock market value of $3 billion as of Tuesday’s close,
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),