Thanks to the coronavirus, financial markets are coming off their worst week since the Financial Crisis, with major indices in the U.S. stock market shedding about 12% in five days. That’s a pretty bad showing. And yet, investors don’t seem to be throwing in the towel. Instead, search volume for the term “stocks to buy”
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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Telsa rose nearly 3% after JMP Securities upgraded the stock to market outperform from market perform and established a price target
It’s been a wild week in the markets, and the silver lining for the precious metals sector is that the sell-off finally pushed some off the offside and wildly bullish small speculators out of their positions. In addition, the 13% drop in the silver (SLV) price scared off some of the bulls, and we got the dip
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The coronavirus from China continues to spread globally. And despite the World Health Organization refusing to name the bug a pandemic, it’s growing clear that’s exactly what’s on our hands. Wall Street is trying to be in a good mood about all this, but industries like cruise line airline stocks are feeling the effects. This
The S&P 500 ended the day up more than 4%, and bulls were feeling good. That’s a rather meager bounce given last week’s decline, but it’s even worse as the index has struggled to hold those gains. That said, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No.
When a company’s quarterly results indicate its prospects have worsened, the markets react quickly and decisively. The stock typically sells off if the company fundamentals show any hint of a downturn. Other times, bad news the markets didn’t anticipate can send stocks lower. In these cases, investors need to decide if these losers are in
Jeremy Siegel David Orrell | CNBC Wharton School finance professor Jeremy Siegel said Monday the U.S. could suffer a near-term recession because of the negative economic impact from the fast-spreading coronavirus. “We could really have a short, quick recession,” Siegel said on CNBC’s “Squawk Box.” “There’s a lot of uncertainties.” The confirmed cases of coronavirus infections in
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters The crazy market volatility has put unprecedented stress on the U.S. and global trading system. Friday saw the largest dollar volume trading for U.S. equities in history: $984 billion changed hands, according
High-rise office buildings along Wilshire Blvd in Westwood Village are viewed on August 7, 2018 in Los Angeles, California. George Rose | Getty Images Check out the companies making headlines after the bell. Boingo Wireless — The internet access provider’s stock soared 13% in extended trading after the company said in a statement that it
If you blinked, you missed the move above $2 Another chance to sell New lows are a good bet The natural gas futures market ended last week with another new low. While markets across all asset classes were panting from a week of wild volatility, natural gas quietly slipped below the $1.70 per MMBtu level
Although healthy beverages, including those infused with hemp and/or CBD, make investing in New Age Beverages (NASDAQ:NBEV) stock an interesting play, I’m not a strong believer in it right now. Source: Shutterstock I won’t be surprised if NBEV stock rebounds at some point, but it could take a while. Personally, I prefer not to own
Investors are still waiting for U.S. stocks to stabilize. Though the NASDAQ Composite eked out a gain on Friday, other indices continued to fall. The S&P 500 dropped 0.82%, closing a week in which that index fell over 11%. Source: Shutterstock On Sunday night, futures indicate markets should open higher. Whether they close in that
Following last week’s massive cratering in the market and fearful pandemic conditions, it’s a great time to begin buying many well-discounted stocks. And for younger investors looking to allocate some capital towards riskier plays in this asset class, Virgin Galactic Holdings (NYSE:SPCE) is looking much better-positioned for a second launch and maybe even another moonshot
As fears from Ebola and a global slowdown spread, stocks plunged on October 15, with the Dow falling more than 400 points during the afternoon before recovering slightly. Getty Images The market could see a pop this week after last week’s steep sell-off, based on simple historical analysis. Though the coronavirus remains a developing health
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Check out the companies making headlines midday: Apple — Apple rallied 4.8% to become the second-best performer in the Dow Jones Industrial Average, after Oppenheimer upgraded the tech giant to an outperform rating. Oppenheimer called Apple a “recurring revenue machine”
Over the past week, major Chinese equity benchmarks, such as the FTSE China 50 Index and the MSCI China Index, have been doing markedly less poor than the S&P 500 as the coronavirus from China has stabilized somewhat in the region while spreading to other countries. But less bad doesn’t mean good. The Chinese economy
Global stocks sunk to four-month lows Thursday, dragging bond yields lower, as fears intensified that the coronavirus from China is at epidemic stages, or worse and that it will be a significant drag on the global economy for some time. Source: Provided by Finviz The S&P 500 slumped 4.42% The Dow Jones Industrial Average shed
2019 was a spectacular year for Amarin (NASDAQ:AMRN). The same has not been true of 2020, at least looking at Amarin stock. Source: Pavel Kapysh / Shutterstock.com After a 7% decline on Wednesday, AMRN now has dropped 24% so far this year. Truthfully, it’s difficult to see why. There really hasn’t been any bad news