Investors grew increasingly concerned about the U.S. economy and the stock market as March wore on, but they also said they aren’t ready to abandon their stocks, according to several surveys. The vast majority of the institutional clients surveyed by Citi expect an economic downturn and earnings estimates to be cut further in 2020, but they
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A Jeep Renegade rolls down an assembly line at Fiat Chrysler’s Melfi assembly plant in Italy in 2015. Michael Wayland / CNBC Check out the companies making headlines after the bell. Verint Systems — Shares of the analytics company tumbled 12% in extended trading after Verint Systems missed analysts’ estimates on both earnings and revenue in
Identifying companies that can withstand market volatility is essential to prospering as the novel coronavirus roils the markets. The 5G network should remain essential to global communication regardless of the course of the virus. And Qualcomm (NASDAQ:QCOM) stock is among one of the best large-cap 5G investments available. Source: jejim / Shutterstock.com There’s no point
The following five dividend-paying companies have made it clear they won’t cut either their dividends or their buyback programs. That is a rarity among dividend stocks these days. Moreover, these stocks have large buyback programs, which they have either recently reaffirmed or increased. Dividend stocks, that have large buyback programs, tend to do well over
It’s been a volatile couple of weeks for silver (SLV), and we’ve seen a significant amount of damage done to the metal’s long-term chart following this volatility. While the price of gold (GLD) has solidified itself above a multi-year resistance level and found immediate buying support on any dips, silver has broken down beneath a multi-year support level.
Big daily moves are still the trend in big stock charts, it seems. The coronavirus from China remained in focus on Monday but with a strong sense of optimism. Major market indexes pushed higher. Source: Shutterstock Perhaps the trading community felt hopeful that the U.S. government would be successful in extending its efforts to contain
Carnival (NYSE:CCL), which owns nine cruise lines — including Princess, Costa, and Holland America — opens for trade March 31 with a market cap of about $9.1 billion, and a dividend fetching a yield of 15.6%. Don’t go near it. Source: Ruth Peterkin / Shutterstock.com Cruise lines aren’t going to be bailed out by the U.S.
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Ryan McQueeney discusses why he is playing it safe in the Income Investor portfolio with his two latest additions: MPLX LP (MPLX) and Dominion Energy (D). On top of their strong dividends, what makes these stocks a smart play right now Dominion Energy: https://www.zacks.com/stock/quote/D?cid=CS-YOUTUBE-FT-VID MPLX: https://www.zacks.com/stock/quote/MPLX?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter:
Larry Fink Olivia Michael | CNBC Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had. “In my 44 years in finance, I have never experienced anything like this,” Fink said in
Take a look at some of the biggest movers in the premarket: Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short, however Conagra said it has seen significantly elevated demand for its food products over the
I’ve been covering cannabis stocks for years. I’ve never bought a single share of any cannabis stock in my own personal trading account. But that changed this week when Canopy Growth (NYSE:CGC) stock finally dropped too low for me to resist. The outlook for cannabis stocks is not nearly as bright as it was two
For dividend investors, one of the worst things about the $2 trillion coronavirus stimulus package is the conditions placed on companies that accept government help. That’s why it’s interesting that Southwest Airlines (NYSE:LUV) appears to be waffling on accepting stimulus money, with the eye on keeping its dividend intact. It certainly makes LUV stock worth
IIPR: Is Innovative Industrial Properties (IIPR) a Great Cannabis Stock to Buy During This Volatility? IIPR – Just a week ago in our most recent article about Innovative Industrial Properties (IIPR), we said that at $40 per share, we believed that shares were attractive. Get Free Updates Just a week ago in our most recent
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Stocks cautiously climbed higher on Monday, as investors continue to test the validity of the current rebound. That said, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Zoom Video (ZM) Zoom Video (NYSE:ZM) tried pushing to new 52-week highs on Monday, but was unable to do so. It
Multinational oil and gas giant BP (NYSE:BP) enjoyed a stellar performance last week. But isolated enthusiasm isn’t enough to convincingly move the needle for BP stock. Source: Shutterstock For one thing, the company took a huge blow in the Friday March 27 session, reminding everyone that we’re far from leaving the woods. Of course, the
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight coronavirus. “[It is] a very, very simple and robust design that we can get out to
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. RH — The home furnishings retailer’s stock fell 11% in extended trading after the company missed analysts’ estimates on revenue during the fourth quarter. RH reported revenue of $665
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2020 contest. Louis Navellier’s pick for the contest is PennyMac Financial Services (NYSE:PFSI). PennyMac Financial Services (NYSE:PFSI) is the fourth-largest originator and sixth-largest loan servicer in the U.S. And it’s only been around 12 years. What’s more, the company is still outperforming the broader stock market.