Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
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Equity markets right now are pricing Chesapeake Energy (NYSE:CHK) for an eventual bankruptcy. In pre-market trading, CHK stock is changing hands for less than 24 cents per share. Source: Casimiro PT / Shutterstock.com That kind of price, and that kind of trading, might attract some investors looking for a lottery ticket stock. It shouldn’t. Barring
Yikes, the selling is getting downright ugly out there. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average were again hammered in the stock market today, all down between 4% and 5%. It marks the sixth straight decline for U.S. equities, as stocks are already down 10%-plus from the highs. In the last 20 years, the
Tonight on Sunday Night Stock Charts Live we discuss the indicators which imply that we may be moving towards recession. ✅15 Minute Live-Stream Alert List! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they are resolved https://www.surveymonkey.com/r/HW3YH2W ✅Bob’s
E-commerce, or what we might informally call online shopping, is practically synonymous with Amazon (NASDAQ:AMZN) in the minds of many stock traders. However, the emergence of other contenders means that there are less expensive alternatives to Amazon in the realm of e-commerce stocks. It’s sometimes a fuzzy category because traditional brick-and-mortar retailers like Walmart (NYSE:WMT) and Target
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid | Reuters Amid the wreckage in global stock markets this week as panic over the spread of coronavirus wiped out $6 trillion in value, one corner of Wall Street has been making a mint.
I want to share with you what are the pros and cons of a market order on the stock market. If you want to trade in the stock market, you need to understand different order types. I’ll show you what a market order is and how it all works. That way, you’ll learn how to
Despite the popularity of electric cars, it will be a long time before the infrastructure can accommodate their universal integration. At this juncture, that’s about the only piece of good news for AutoZone (NYSE:AZO). Since December of 2019, AutoZone stock has been on a downward spiral. And with the coronavirus from China, the environment has
The market is trying to put together a reversal on Friday, following a gap-down open after an ugly session on Thursday. That said, here’s a look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Nasdaq ETF (QQQ) Of the major market ETFs, the PowerShares QQQ ETF (NASDAQ:QQQ) looks
As of this writing, General Electric (NYSE:GE) stock has posted nine consecutive days of losses on Wall Street. That’s a long losing streak. And it’s all because investors have grown increasingly concerned that the rapidly spreading coronavirus outbreak will have a bigger and longer impact on the industrial conglomerate’s operating results than previously anticipated. Source:
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Consumer-staples giant Clorox, along with 10 other stocks have emerged as the definitive anti-coronavirus trades, as the only S&P 500 stocks avoiding correction territory. While the broader market craters, the well-known maker of bleach
Admittedly, that headline is very much short-termism. It’s borderline difficult to write about Intel (NASDAQ:INTC), a company with enviable market position and a slew of quality traits, however, short-termism is the order of the day in the current environment set by the novel coronavirus. Source: Kate Krav-Rude / Shutterstock.com The “buy the dip” mentality that
Friday was another rough day for stocks as the tale of the tape below indicates, but some signs of hope emerged as stocks cobbled together some incremental momentum late in the day. Source: Charts Provided by Finviz The S&P 500 shed another 0.82% The Dow Jones Industrial Average dropped 1.39% The Nasdaq Composite inched up 0.01%
The next earnings report for Kohl’s (NYSE:KSS) – which will be announced on Tuesday before the market opens – will probably not be enjoyable for CEO Michelle Gass. The deterioration of the department store category is showing no signs of letting up. And the stock price certainly bears this out. Source: Sundry Photography/Shutterstock.com Since November
Few great companies have had their stocks hit as hard in 2020 as 3M (NYSE:MMM). Source: JPstock / Shutterstock.com The shares are down 15%, after management announced 2019 results that showed just 2% growth and lower profits. While the company’s price-earnings ratio on Feb. 26 is still above 19, the $1.47 per share dividend now
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
When you think about overlooked lessons that new investors learn in the stock market, one in particular comes to mind — for every hard-and-fast rule that technical investors use to evaluate the best stocks to buy, there’s always an exception or two. Source: Daniel J. Macy / Shutterstock.com That brings us to struggling U.S. aluminum
Man, it’s getting tough out there. The S&P 500 and PowerShares QQQ ETF (NASDAQ:QQQ) are down more than 15% from recent highs just seven trading sessions ago. Friday’s volatile session didn’t make it any easier in the stock market today. From peak to trough, the Dow shed 1,000+ points in Friday’s session, the third time
[Editor’s Note: This article was updated on Feb. 28 to include the most relevant information.] More than $6 trillion of global market value has been wiped out all thanks to coronavirus fears and concerns it could significantly slow global growth. To date, the death toll is quickly nearing 3,000, with 83,000 cases around the world.