Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions
The Institute for Supply Management supplies a monthly look at the U.S. manufacturing market. In April, that index hit an 11-year low. But since then, the numbers have been rising. They’re not going wild, but they’re rising. You have seen this in the housing market where new home purchases are growing — mortgage demand is
Beyond Meat (NASDAQ:BYND) is a special case. Although BYND stock is a food stock, it trades like a tech stock. Source: Sundry Photography / Shutterstock.com I wrote in June it was priced well beyond fundamentals. It still is. This is despite two sharp plunges that have it trading 17% below its June 11 price. Beyond
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images Stocks in the week ahead will focus on the severity of the spread of the coronavirus, during what should be a lull between Thursday’s
After a better-than-expected jobs report, stocks finished the holiday-shortened trading week on a strong note. Let’s look at a few top stock trades for the first full week of July. Top Stock Trades for Tomorrow No. 1: Nio (NIO) The $5 to $6 zone was set to be a tough one for Nio (NYSE:NIO), which
I’ve been recommending Square (NYSE:SQ) for this entire year. Admittedly, at first that call looked a bit shaky. The novel coronavirus pandemic sent stocks plunging — and Square stock wasn’t immune. Source: IgorGolovniov / Shutterstock.com The company’s exposure to small businesses suggested significant risk if the broader economy went into a tailspin. At the lows,
You don’t need any special skill sets to recognize the dire picture for Carnival (NYSE:CCL). Recently, S&P Global Ratings downgraded the cruise ship operator’s long-term credit rating by three levels to BB-. This cut comes after Moody’s Investors Services rated the company as “junk.” Naturally, this leaves CCL stock in quite a predicament. Source: Ruth
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus A space startup offering a “last mile delivery” service for spacecraft is continuing its deal spree this year, becoming an increasingly important player in the growing small satellite market. Momentus, a Santa Clara, California-based company, has so far struck $40 million
Employees wearing protective masks and gloves prepare drinks at a restaurant in Fort Lauderdale, Florida, U.S., on Thursday, June 25, 2020. Jayme Gershen | Bloomberg | Getty Images Stocks rallied on a much stronger-than-expected gain in hiring, but the bond market appears to be looking to the future and there are real doubts about whether
AbbVie (NYSE:ABBV) stock is both cheap and has a very attractive dividend yield. In addition, this pharmaceutical company’s growth prospects are high, now that its purchase of Allergan is closed. Source: Piotr Swat / Shutterstock.com For example, the stock trades on a forward earnings ratio of just 9.2 times 2020 expected earnings. It is even
The consensus estimate was for a 79 bcf injection Natural gas bounces A relief rally was overdue Production may be falling, but inventories are high After putting in a new quarter-of-a-century low at $1.432 last week, natural gas turned higher to warn over-enthusiastic shorts that the risk of a bearish outlook rises as the price
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Most investors won’t consider buying over-the-counter stocks because they think they are illiquid and thinly traded. The reality is that in 2019, a total of $329 billion in OTC stocks changed hands, providing more than 10,750 stocks with an additional marketplace for interested U.S. investors. Oxford Metrica, in conjunction with the OTC Markets Group, published
The writing has been on the wall for quite some time for Chesapeake Energy (NYSE:CHK) stock. Over the last few weeks, the company underwent a 200:1 reverse stock split. It was drowning in $9 billion in debt. Then, weeks later it told the U.S. regulators there was “substantial doubt about the company’s ability to continue as
Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face
In the first day of the third quarter, equities did what they do best: continued to rally. That said, let’s look at a few top stock trades to get us started in the second half. Top Stock Trades for Tomorrow No. 1: Roku (ROKU) Roku (NASDAQ:ROKU) stock was a beast on Wednesday, ending the day
Editor’s note: This article is a part of InvestorPlace.com’s Best Stocks for 2020 contest. The Readers’ Choice pick for the contest is Apple (NASDAQ:AAPL). Despite all the chaos in the stock market this quarter, investors have been able to count on a few certainties. You’re likely reading this on an iPhone or a Mac, perhaps an iPad. And if
If you’re in upper management at United Airlines (NASDAQ:UAL), U.S. Surgeon General Dr. Jerome Adams probably doesn’t rank among your favorite people in government. It was his exasperated plea to the public not to buy masks that resulted in a concerted public campaign effort to save protective equipment for healthcare professionals. But subsequent confusion about
Customers dine outside at Via Carota restaurant in the West Village, New York City, June 26, 2020. Noam Galai | Getty Images Economists expect nearly 3 million jobs were created in June, as companies rehired workers they let go when the economy shut down. The monthly employment report, to be released Thursday, is surrounded by
Starbucks (NASDAQ:SBUX) survived the attack of Luckin Coffee (NASDAQ:LK) on its China business and is taking what it learned back to the U.S. Source: monticello / Shutterstock.com Luckin is in the process of being de-listed by NASDAQ after a scandal where it created false sales. But the company had some real sales and interesting ideas,