On a broader level, Okta (NASDAQ:OKTA) should be one of the few names that responds positively to the coronavirus from China. As a specialist in the access management space, Okta stock naturally benefits from necessary security protocols in the digitalization era. But with an outbreak that is on the verge of a pandemic, access management
admin
For a second straight day, investors tried to buy the dip in U.S. stocks. And for a second straight day, markets fell anyway. The NASDAQ Composite did close flat, but after opening in the green, both the S&P 500 and Dow Jones Industrial Average declined for a fifth consecutive session. Source: Shutterstock At least for
There’s no end in sight to the coronavirus scare. Source: Shutterstock There are more than 80,000 global cases, with more than 2,700 recorded deaths (primarily in China). Over 1,000 cases have been reported in South Korea, with a death toll of at least 11. Iran’s Deputy Health Minister has been infected. We’re seeing cases appear
Aerospace and defense titan Lockheed Martin (NYSE: LMT) is in rarefied air these days. Source: Ken Wolter / Shutterstock.com The Maryland-based company, which is best known for its fighter jets, military helicopters and advanced missile systems, is in investors’ sweet spot. LMT stock is up nearly 60% since President Donald Trump took office in 2017,
The U.S. stock market fell into correction territory on Thursday as investors punished equities in favor of safer assets as anxiety over the spread and potential impact of the virulent coronavirus. A correction is defined as a 10% decline in one of the major U.S. stock indexes, typically the S&P 500 or Dow Jones Industrial
International investors believe coronavirus is truly a global phenomenon: Stock markets around the world are all down 10% to 12% from their recent highs. While travel-related stocks are taking very large hits, the entire global stock market has been taken down in recent weeks. All this has occurred in a short period — the S&P
Inside Virgin Galactic’s hangar at Spaceport America in New Mexico. Virgin Galactic Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space company sank more than 18% amid multiple pessimistic sell-side analyst notes. Both Credit Suisse and Morgan Stanley downgraded the equity from overweight/outperform to equal weight/neutral. Morgan Stanley
The market expected a 133 bcf withdrawal Failure at $2 leads to another new low A March or April bottom in the energy commodity is on the horizon Risk-off conditions in markets across all asset classes on the back of the spread of Coronavirus caused lots of volatility over the past sessions. Meanwhile, the natural
In Swing Trading Today we discuss if if HSBC stock is a buy or a sell. We do technical analysis of its chart as well as discuss the GLD and it’s exposure to HSBC. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help
The bulls have had a rough week as the coronavirus from China goes global and threatens a major disruption of end demand, supply chains and debt market health. U.S. equities just suffered the most rapid two-day pullback of the current bull market, outpacing the 2010 Eurozone panic, the 2011 debt panic and even the 2018
Perhaps the best thing that can be said of the three marquee equity benchmarks today is that the trio did not reprise the glum performances notched on Monday and Tuesday. It would be difficult to call the price action on Wednesday a “comeback” or even a “rebound,” but it was undoubtedly less bad than what
Huya (NYSE:HUYA) stock really has a lot going for it. The maker of livestreaming games is growing very rapidly and has huge opportunities, both overseas and in its home market of China. Meanwhile, the valuation of Huya stock is extremely low, given the company’s huge growth. And the coronavirus from China is likely to actually
Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
An employee works while sitting under a mural at Etsy Inc. headquarters in Brooklyn. Victor J. Blue/Bloomberg via Getty Images Check out the companies making headlines after the bell: Booking Holdings—Amidst the coronavirus outbreak, the travel company’s stock fell over 2% in extended trading despite posting a double beat on earnings and revenue for the
Even if you’re not big on the physical retail space, you’ve got to like Walmart (NYSE:WMT). As the superpower of the segment, their footprint offers convenience to millions of shoppers. Additionally, Walmart stock has handled itself very well amid the threat of Amazon (NASDAQ:AMZN) and e-commerce. Thus, a temptation exists to treat the present volatility
Tuesday was another awful day for U.S. equities. The S&P 500 tacked on a 3.03% drop to Monday’s 3.35% decline. As was the case on Monday, every single one of the 30 Dow Jones components closed in the red. McDonald’s (NYSE:MCD), whose shares fell 0.67%, was the index’s best performer. Source: Shutterstock Wednesday’s big stock
Rite Aid (NYSE:RAD) is getting back to basics, and that’s paying off. The new CEO, Ms. Heyward Donigan, has cut unnecessary costs and redirected the company. RAD stock has taken off as a result. Source: Ken Wolter / Shutterstock.com RAD stock is up 181% in the past six months. Looking at the latest earnings report,
Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic Chairman Chamath Palihapitiya thinks the recent rally by Wall Street’s favorite
A Home Depot employee is seen outside a store in Los Angeles, California. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Mastercard — Shares of Mastercard fell more than 4% after the credit card company issued a warning that the fast-spreading coronavirus could hurt its revenue this year. “Cross-border travel, and
In Swing Trading Today we discuss if if HSBC stock is a buy or a sell. We do technical analysis of its chart as well as discuss the GLD and it’s exposure to HSBC. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help