Traders work the floor of the New York Stock Exchange (NYSE) on March 5, 2020 in New York City. Coronavirus fears have whipsawed markets recently, with the Dow Jones Industrial Average ending today down more than 950 points, or nearly 3.6 percent. (Photo by David Dee Delgado/Getty Images) David Dee Delgado | Getty Images It
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Skiers and snowboarders prepare to head to a lift at a Vail Resorts Inc. location in Vail, Colorado, U.S., on Thursday, March 8, 2018. Daniel Brenner | Bloomberg | Getty Images Check out the companies making headlines after the bell. Stitch Fix — Shares of the clothing subscription service plunged 36% in extended trading after the
The price oil plunged as Coronavirus created risk-off conditions OPEC watches the price of Brent futures No move to balance the market by the international oil cartel Over half of the world’s crude oil reserves are in the Middle East. Two benchmarks are the pricing mechanisms for oil producers and consumers around the globe. The
No need to do a double take because, yes, that number is accurate. In late trading today, seven Dow stocks were saddled with losses of 10% or more as Monday, March 9, 2020 looked like a 2020 reboot of the infamous 1987 “Black Monday” crash: Source: Provided by Finviz The S&P 500 slid 7.62% The
U.S. equities are suffering one of the greatest one-day routs in history on Monday, with the Dow Jones Industrial Average touching a loss of more than 2,000 points after circuit breakers tripped in early trading and forced a 15-minute halt to trading. Things are moving extremely fast, with Wall Street reacting to the ongoing spread
Inovio Pharmaceuticals (NASDAQ:INO) has become the top “must-own” coronavirus stocks. Source: Ascannio / Shutterstock.com The last time I weighed in on the stock, it traded at $4.86. That was on Jan. 30. Now, more than a month later, shares of Inovio are up to $13.32. The best part is that the stock shows no signs
The banks have not had it easy lately. While the coronavirus from China has stirred up plenty of volatility in the stock market, the financial sector has been hit especially hard. Wells Fargo (NYSE:WFC) has been drilled, falling about 42% from its 52-week high. Source: Ken Wolter / Shutterstock.com However, unlike most of its peers,
Stock trading app Robinhood is rolling out trading in bitcoin and ethereum in February for customers in five states. Source: Robinhood Free stock trading pioneer Robinhood is experiencing another major outage on Monday, keeping clients on the sidelines during another historic day for stocks. “Trading is currently down on Robinhood and we’re investigating the issue,” the
A trader works on the New York Stock Exchange on March 3, 2020. Michael Nagle | Xinhua via Getty The widely-traded ETF representing the S&P 500 had its third-worst open ever, aside from the financial crisis in October 2008 and after the Sept. 11 terror attacks in 2001. The opening gap down in SPY, Sector SPDR
In 2019, many big names in the cannabis industry were failing to meet up to their profit projections, except for one… Aphria (APHA). In January 2020, Aphria announced it’s third consecutive quarter of positive adjusted EBITDA. As a result, their stock showed strength while many of its peers fell to 52-week lows. However, when news
The markets were creamed in the stock market today. The Dow Jones Industrial Average lost 970 points, while the Nasdaq Composite and S&P 500 fell 3.1% and 3.4%, respectively. The CBOE Volatility Index (VIX) roared back to life. At one point, the VIX was up 30% on the day, but ended up “just” 24.7% after a
Oracle (NYSE:ORCL) is the Silicon Valley giant that missed the point. Source: Jer123 / Shutterstock.com The company has spent the 21st century fighting open source, the idea that software should be a shared endeavor whose benefits go mainly to customers. This made it late to the cloud, the most profitable trend of the last decade,
The market drops 4% one day. The next day it rallies 4%. Then it sells off again. And then back up. Good news can be bad news — and vice versa. It’s all a bit confusing right now. And on top of it all, it’s hard to pull out what is related to the coronavirus
Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters The world economy will bounce back quickly from the coronavirus outbreak, and investors should buy into cyclical stocks to catch the comeback, a top JPMorgan strategist said. The hit to the global economy during the first quarter
After a monstrous upside day on Wednesday, the markets endured a tough day on the downside Thursday. Keep in mind, the non-farm payrolls report is due up before the open on Friday. That said, let’s look at a few top stock trades for tomorrow. Top Stock Trades for Tomorrow No. 1: Zoom Video (ZM) Zoom
U.S. equities are facing growing pressure this week as the COVID-19 virus continues to spread. Equities are trying really hard to put a positive gloss on things following the Federal Reserve’s emergency 0.5% interest rate cut as well as optimism surrounding Joe Biden’s solid Super Tuesday performance. But the bond market, where the more mature
Dick’s Sporting Goods (NYSE:DKS) reports its fourth-quarter 2019 results March 10 before the markets open. Including dividends, DKS stock is down 30% year to date. Source: Jonathan Weiss / Shutterstock.com Shareholders really need some good news. The question is whether they’ll get it. In the past four quarters, Dick’s has delivered positive earnings surprises of 0.90%
Investors who have long time horizons should continue to take advantage of the stock market’s pullback due to coronavirus fears, National Economic Council Director Larry Kudlow told CNBC on Friday. “Long-term investors should think seriously about buying these dips,” Kudlow, President Donald Trump’s top economic advisor, said on “Squawk on the Street.“ Kudlow, formerly a longtime CNBC commentator, said
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