On Friday, Allergan shares ceased trading as the company’s merger with AbbVie (NYSE:ABBV) finally went through. The deal removes AGN stock from the exchanges, and those who were long are now long AbbVie (and the combined company). Source: Piotr Swat / Shutterstock.com Specifically, those investors received $120.30 per share in cash, along with 0.866 shares
It’s been a rollercoaster ride for the year for the precious metals complex, but gold (GLD) has come out on top, for the time being, sporting an 11% year-to-date return compared to platinum (PPLT), silver (SLV), and palladium (PALL), which all remain in the red. While the metal continues to remain bullish from a long-term
Equities opened higher on Tuesday, but couldn’t hold their gains. The S&P 500 ultimately slipped 2% in the stock market today. Bulls continue to struggle with this area, as the index sits near last month’s high and a key retracement level. While many investors are hopping on board as they follow momentum, there are some
The black swan event that triggered oil’s price crash has shaken energy industry fundamentals. While the worst seems to be over in terms of crude’s price slide, recovery is likely to be gradual. Selective exposure to energy stocks can provide healthy returns through this recovery. Exxon Mobil (NYSE:XOM) stock, for one, bottomed out at $30.10
To no one’s surprise, video game publisher Activision (NASDAQ:ATVI) has been red hot amid the novel coronavirus pandemic. Year-to-date, Activision Blizzard stock is up nearly 25%, as locked up consumers under stay-at-home orders have spent more time and money on video games over the past few months than ever before. Source: Eric Broder Van Dyke/Shutterstock.com
Relativity Space conducts a pressure test of a 3D printed tank. Relativity Space Relativity Space passed a key milestone toward its goal of launching a rocket that is almost entirely 3D-printed. The Los Angeles-based space start-up conducted a series of tests in December using a 3D-printed tank, which the company increasingly pressurized until it burst.
Federal Reserve Chairman Jerome Powell is expected to strongly oppose the idea of negative interest rates when he speaks Wednesday, though President Donald Trump Tuesday said they would be a benefit to the U.S. Powell is expected to take the opportunity to talk down market speculation about negative interest rates, when he appears in a
Halliburton (NYSE:HAL) stock will get a huge boost this week if the company declares another regular quarterly dividend. Typically it declares the second-quarter dividend around May 15 or so. So investors should look to see if the company continues the dividend. Source: Casimiro PT / Shutterstock.com Right now, Halliburton yields 6.7% based on its quarterly
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Stocks declined Tuesday after Dr. Anthony Fauci told senators the U.S. shouldn’t rush to reopen the economy, as that could risk unleashing a second wave of the novel coronavirus outbreak. Source: Provided by Finviz The S&P 500 lost 2.05%. The Dow Jones Industrial Average retreated 1.89% The Nasdaq Composite fell 2.06% With financial services names under
[Editor’s note: “10 Stocks to Invest In for a Post-Coronavirus Whipsaw” is regularly updated to include the most relevant information available.] My two cents on the investment implications of the global coronavirus pandemic is simple: use the dip to look for the best stocks to invest in 2020’s uncertainty for the long-term. Yes, Covid-19 is
Carnival Cruise Lines (NYSE:CCL) has been one of the biggest gainers in the entertainment and travel space in recent weeks. Sure, CCL stock is still down sharply since before the novel coronavirus began. However, since the March lows, Carnival’s stock has soared from a low of around $8 back to almost $14 now. That’s a
Like most energy stocks, Energy Transfer (NYSE:ET) stock has been hammered this year. How couldn’t it, given the supply glut and extreme volatility in crude oil? From peak to trough, ET stock fell more than 70% from its 2020 high. Source: Shutterstock However, recent bulls have been rewarded. From the March lows, shares have more
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get
Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. GrubHub, Uber — Grubhub shares soared more than 27% on news that ride-hailing company Uber has approached the company with a takeover bid. Uber’s offer comes months after other outlets reported that food-delivery service Grubhub had hired advisors to explore strategic
Another new short-term high Higher highs and higher lows since late March- working towards filling a gap The trend is your friend, and it has shifted from bearish to bullish With most eyes in the market focused on the wild ride in crude oil these days, the volatile natural gas market has been bubbling on
Stocks bounced off the morning’s lows climb into positive territory, with the technology sector and New York City’s move toward reopening various businesses providing some support for modest gains to start the week. Source: Provided by Finviz The S&P 500 gained 0.01%. The Dow Jones Industrial Average retreated 0.45% The Nasdaq Composite advanced again, closing higher
[Editor’s note: “Microsoft Stock Remains a Safe Buy in Today’s Uncertain Market” was originally published on April 12. It is regularly updated to include the most relevant information.] Source: The Art of Pics / Shutterstock.com Microsoft (NASDAQ:MSFT) has shown great strength in light of the novel coronavirus. As seen from last month’s earnings report, growth
Few sectors of the economy have maintained their composure amid the spread of the novel coronavirus. And with travel volumes at multi-year lows, the airline industry has suffered major setbacks. Consequently, some shareholders have lost patience with United Airlines (NASDAQ:UAL) stock. Source: travelview / Shutterstock.com This is the type of situation in which monitoring every
Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained for another year. “If a year from now, we are still in the same situation, we would be called a Second Depression,” Jones said on CNBC’s Squawk Box on Monday. “Just depends on