Check out the companies making headlines in the premarket Tuesday: Target — Target shares dipped about 0.8% in the premarket after the retailer reported disappointing revenue figures. The company posted revenue of $23.4 billion for the previous quarter. That’s slightly below a Refinitiv estimate of $23.5 billion. Same-store sales — a key metric for retailers
admin
Cannabis companies continue to be challenged by the bottleneck that exists in Canada. The lack of support and inaction by the Canadian federal and provincial governments for a once booming industry is disappointing not only to the Canadian cannabis companies but to investors and retail customers as well. As a result, Canopy Growth (CGC) is
In Swing Trading Today we discuss if gold, silver, dividend stocks and commodites are they the new FANG stocks of old. In short will there be a sector rotation out of technology and into hard assets? We review the charts. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please
In another case of one step forward, two steps back, stocks tumbled today amid fresh fears regarding the coronavirus from China. Ultimately, stocks gave up plenty of the gains accrued on Wednesday. Technology and financial services names, two of the S&P 500’s three largest sector weights, led the market lower today. Source: Provided by Finviz
Looking at the fallout of virtualization and cloud-computing service provider VMware (NYSE:VMW) from afar — and without any skin in the game — I believe its shares are suffering from poor timing. Source: Sundry Photography / Shutterstock.com In recent years, the company has been emphasizing virtualization less and cloud computing more. Under ordinary circumstances, Wall
President Donald J. Trump is not a man who lives with regrets. However, after staging a press conference near the end of February to reassure the American people regarding the coronavirus pandemic, he may be wishing right now for a do-over. At the time, Trump “boasted” about having the country having only 15 cases. Now,
Should dividend stocks have a place in your portfolio as the market continues to churn? The coronavirus from China is delivering a level of uncertainty that investors despise. Aside from the understandable — if perhaps overstated — health concerns, investors are trying to evaluate the impact on global supply chains. Investment banks JPMorgan Chase (NYSE:JPM),
Greycroft chairman Alan Patricof said Thursday the recent market pullback was a “blip” and that investors should remain calm. “This is a blip, and we’ve seen a lot of blips in the last 20 years,” Patricof said on CNBC’s “Closing Bell.” Stocks sold off dramatically again on Thursday, continuing a volatile period of trading that
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters V-shape? U-shape? L-shape? Wall Street strategists are engaged in a fight over whether the coroanvirus outbreak is a one-quarter hit to earnings and the economy or whether it is a multi-quarter phenomenon.
A visitor holding a revolver by US manufacturer Smith & Wesson (S&W) at the IWA OutdoorClassics trade show for hunting, shooting sports, equipment for outdoor activities and for civilian and official security applications. Daniel Karmann | picture alliance | Getty Images Check out the companies making headlines after the bell. American Outdoor Brands — The gun
With renewable energy being all the rage these days – and let’s be honest – this isn’t just a fad, it’s not surprising that some investors are hunting and pecking with some lower-priced stocks in the space, including FuelCell Energy (NASDAQ:FCEL). Source: Kaca Skokanova/Shutterstock On March 2, FCEL stock closed at $1.93. While that’s a
The action on Wall Street has gone bonkers. In the first three days this week, the averages moved 4% a day and today is looking just as violent. Clearly, trading the stock market right now is fraught with danger and not for the faint of heart. This is especially true when dealing with a group
As we get ready to wrap another rollercoaster week in the markets, I’d like to discuss the outlook for AT&T (NYSE:T) stock. So far in 2020, AT&T stock is down about nearly 5%. In comparison, the S&P 500 index is down around 6%. Source: Jonathan Weiss / Shutterstock.com The coronavirus from China outbreak has dominated financial headlines
Sam Zell, who made his fortune scooping up distressed assets, told CNBC on Thursday that he’s been taking advantage of the stock market’s volatility. The billionaire founder of Equity Group Investments said in a “Squawk Box” interview, “We’ve been buying some stuff that we thought was ridiculously low” in the recent coronavirus-driven sell-offs on Wall
A woman wearing a protective face mask to prevent contracting the coronavirus enters a subway station in Milan, Italy, March 4, 2020. Guglielmo Mangiapane | Reuters First quarter U.S. earnings estimates have been declining since coronavirus concerns became known toward the end of January, but Europe — now the cutting edge of the coronavirus epidemic
Check out the companies making headlines before the bell: Zoom Video (ZM) — The video conferencing company reported earnings of 15 cents per share on revenue of $188.3 million. Wall Street was expecting earnings of 7 cents per share on revenue of $176.5 million, according to Refinitiv. American Eagle (AEO) — The retailer’s quarterly earnings beat on
The market expected a withdrawal of 126 bcf Three weeks to go before the injection season begins Natural Gas prices move lower During the final week of February, the prices of markets across all asset classes fell in risk-off trading conditions, and natural gas was no exception. In the last trading session of the
In Swing Trading Today we discuss if gold, silver, dividend stocks and commodites are they the new FANG stocks of old. In short will there be a sector rotation out of technology and into hard assets? We review the charts. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please
With the recent coronavirus-driven correction, what’s the next move for tech stocks? Before, high-flying tech stocks were moving higher in a runaway bull market. Strong growth projections may have justified high multiples. But, as the market moved higher, these stocks reached frothy valuations to say the least. So with this mind, it’s reasonable to assume
After a record down day last week, we saw a record up day on Monday. However, that bullish momentum quickly waned on Tuesday, despite the Federal Reserve announcing a 50-basis-points cut. Buyers stepped back up on Wednesday, driving the S&P 500 and Nasdaq Composite up by about 4% at one point in the stock market