One of the interesting aspects of this sell-off is that weakness hasn’t necessarily been concentrated where an investor might think. U.S. stocks already had valuation concerns heading into 2020. The economy was wrapping up its eleventh year of expansion. The spread of the coronavirus catalyzed fears on both fronts. Source: Shutterstock In that environment, it
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Since late January, Beyond Meat (NASDAQ:BYND) has been under some selling pressure. Keep in mind that the shares have gone from $120 to $99. Source: calimedia / Shutterstock.com But of course, since the company went public in May 2019, this kind of volatility has been the norm. To get a sense of things, the initial offering
Shares of personalized styling service Stitch Fix (NASDAQ:SFIX) have plunged over the past few weeks on concerns that the novel coronavirus outbreak — which is now undergoing community spread in the United States — will materially slow the U.S. economy and Stitch Fix’s business. From its mid-February highs, Stitch Fix stock has dropped more than
Panic selling not only locks in losses but also puts investors at risk for missing the market’s best days. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500’s 10 best days in each decade, total returns would be just 91%, significantly below the 14,962% return
Following a tough Thursday, equities again sold off on Friday despite a better-than-expected non-farm payrolls report. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Advanced Micro Devices (AMD) Advanced Micro Devices (NASDAQ:AMD) shares were trying to clear $50 on Friday morning. Really, all
Shares of Pfizer (NYSE:PFE) jumped more than 6% on Wednesday, after the company announced a plan to test some of its antiviral products as a potential treatment for the coronavirus from China. Source: photobyphm / Shutterstock.com More than 35 million shares traded on the news — about 48% more than normal — as investors looked
Writing about Ford (NYSE:F) hasn’t been easy in recent years. The coronavirus is the latest issue to plague F stock. Down almost 23% (including dividends) in the past month through March 4, one of America’s big three is trading at levels not seen since 2009. Source: Philip Lange / Shutterstock.com I’ve been both positive and
Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts. Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to
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Friday’s action was about as bad as Thursday’s — at least until the final hour. Just a few days ago, it looked like the market may put in a V-shaped recovery, but now a retest of the February lows is certainly possible. It was a tough day in the stock market today, with the S&P
I’m more than a little surprised that Nio (NYSE:NIO) stock has traded so well of late. Certainly, shares have seen significant volatility amid the gyrations in the broad market. But the stock at least has held up, trading down less than 4% year-to-date. Source: Carrie Fereday / Shutterstock.com I’d have expected a much bigger decline.
Investors in cannabis stocks through 2019 suffered a bumpy ride and hoped for a better 2020. However, their hopes haven’t panned out so far. And unfortunately, the dream of fast-paced mainstreaming and federal legalization in the U.S. has only led to disappointment. In an email to InvestorPlace, Andrew Schnackenberg, Professor of Management at the University
High-yield dividend stocks, whose underlying companies have large buyback programs, tend to do quite well over time. The rationale behind this is that the buybacks allow the dividends paid out to increase rapidly over time. In addition, high-yield dividend stocks with high buybacks tend to have higher share prices over time. This is because there
Virtu Financial founder Vincent Viola said Friday that the strength of the U.S. economy is a signal that now is a good time to buy stocks despite the recent sell-off. Viola told CNBC’s Scott Wapner on “Halftime Report” that the labor market showed that the U.S. economy was still strong. “I am of the opinion
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Check out the companies making headlines in the premarket Monday: Twitter (TWTR) — Elliott Management founder Paul Singer is looking to replace Twitter CEO Jack Dorsey, noting the
Confirming that coronavirus outbreak is the issue investors are most concerned about, a solid February jobs report was mostly glossed over Friday as markets continued careening lower on fears that the outbreak will sap the U.S. economy for much of this year. Source: Provided by Finviz The S&P 500 tumbled 1.70% The Dow Jones Industrial
Things have not been going well for Canadian cannabis stocks like Aurora Cannabis (NYSE:ACB). Aurora lost 32% of its value over the last month. And so far, March isn’t looking much better; Aurora stock today hit a new 52-week low of $1.16 per share. Source: Shutterstock Some of the stock’s plunge s due to the
Ambev (NYSE:ABEV), the Brazilian brewing company that focuses on Latin America, has seen its stock decline to multi-year lows. In the last five years, the high of Ambev stock was $7.10. The shares are currently about 55% below that level, as they are changing hands for $3.28. Source: rmcarvalhobsb / Shutterstock.com While Ambev is facing
Chevron (NYSE:CVX) is usually seen as the little brother to Exxon Mobil (NYSE:XOM) in the oil patch. Source: JL IMAGES / Shutterstock.com But just as Target (NYSE:TGT) is outperforming its big brother, Walmart (NYSE:WMT), and Advanced Micro Devices (NASDAQ:AMD) is outperforming Intel (NASDAQ:INTC), so Chevron is now outperforming its rival thanks to a change in
Traders work on the floor of the New York Stock Exchange on February 27, 2020. Scott Heins | Getty Images Fears that the fast-spreading coronavirus will disrupt global supply chains and tip the economy into a recession are gripping investors on Wall Street. In a tumultuous week for stocks, the 30-stock Dow swung 1,000 points