Nora Tam | South China Morning Post | Getty Images Tesla stock has risen more than 7% since Tesla CEO Elon Musk’s tweet a week ago that the company’s shares were priced “too high.” Shares of Tesla closed down down 10.3% last Friday on Musk’s tweet, but have quickly recovered those losses and then some –
An employee of Carmelina’s in the North End of Boston tapes up paper in the windows of the restaurant, which is temporarily closing during the coronavirus pandemic, on March 25, 2020. David L. Ryan | The Boston Globe via Getty Images There was a glimmer of hope in the dismal April jobs report in that
Despite another disappointing jobless claims report, stocks found a way to rally on Thursday. That said, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Square (SQ) At first, Square (NYSE:SQ) dipped on earnings. However, bulls have reversed their fortunes, with shares ending the day on
The stock market took a plunge in March as investors started to realize the full severity of the coronavirus outbreak. But few corners of the market got slammed as hard as mortgage REITs. The iShares Mortgage Real Estate Capped ETF (NYSE:REM), an index fund that that tracks the sector, dropped from a high of $48.39
With the pronounced destruction caused by the novel coronavirus, it wasn’t surprising to see railroad transportation specialist CSX (NASDAQ:CSX) suffer significantly during the first three months of the year. For investors, CSX stock is where the rubber meets the road. If any economic indicator of recovery is to be believed, theoretically, you should see it
A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
Pedestrians wearing face masks walk past a boarded up Coach store in SoHo amid the coronavirus outbreak on May 3, 2020 in New York City. Liao Pan | China News Service | Getty Images April’s jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the
It’s been a disappointing start to Q2 for silver (SLV) investors as the metal is up just 6.5% for the quarter while the Nasdaq-100 Index (QQQ) continues higher unabated with what many believe to be significantly deteriorating fundamentals. Unfortunately, fundamentals may be helpful over the long-term, but the technicals typically rule in the short-term, and the Nasdaq has had
Thursday was another example of inexplicable price action, with stocks rallying even as the weekly jobless claims number spiked, setting the stage for what’s going to be an unsurprisingly dismal April jobs report before the open Friday morning. Source: Provided by Finviz The S&P 500 rose 1.15%. The Dow Jones Industrial Average added 0.89% The Nasdaq
Tonight on Thursday Night Stock Charts Live we discuss Paul Tudor Jones and his position in Bitcoin. We’ll discuss negative rates and when we will see gold hit new all time highs. We will also discuss if we are seeing the large cap stock market names getting ready to break down. So, is it time
Over the weekend, Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) reported a nearly $50 billion loss for the first quarter of 2020. Berkshire Hathaway stock dropped this week following the report. Shares are now down 23% in the past month. Source: Jonathan Weiss / Shutterstock.com For decades, Berkshire Hathaway stock has consistently outperformed the S&P 500. Opportunities to
Occidental Petroleum (NYSE:OXY) announced its Q1 earnings on May 5 after the market closed. The COVID-19 pandemic as well as the result of the price war between Saudi Arabia and Russia have caused oil stocks to plunge. In 2020, OXY stock has tumbled about 66%. Source: Pavel Kapysh / Shutterstock.com Yet that price decline shows only
In March, Chevron (NYSE:CVX) stock saw a sharp decline to near $50 per share, putting it in deeply oversold territory as panic-selling engulfed the markets. Source: Denis Kuvaev / Shutterstock.com Subsequently, fiscal stimulus and expansionary monetary policy triggered a sharp market rally. Production cut agreement between OPEC and non-OPEC members also boosted sentiments for the
Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit. Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened. The names skeptics used to
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters With one-third of S&P 500 companies declining to provide guidance, picking winners and losers has become a very delicate business. How
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images The number of workers who continued to collect unemployment benefits rose to a greater-than-expected 22.6 million, reinforcing economists’ estimates
The market was expecting an injection of around 98 bcf The price of natural gas broke higher, as expected, but the injection may slow the ascent The trend in inventories supported a higher price- The level to watch on May 8 On Monday, May 6, the price of June natural gas futures on NYMEX rose
Equities tried to push higher on Wednesday, with bulls hoping to erase the late-session selloff on Tuesday. However, it was a tricky session in the stock market today. The S&P 500 ended down 0.7%. The index first opened higher on the day, reversed and took out Tuesday’s low. It closed near session lows. The back
[Editor’s Note: “9 Stocks to Buy to Weather the Recession” was originally published on April 1, 2020. It is regularly updated to include the most relevant information.] Unless you’ve been living in a submarine and cut off from all communications, you know that the markets have tumbled badly due to the novel coronavirus. And with
[Editor’s Note: “30 Stocks on a Deathwatch” was originally published in March 2020. It is regularly updated to include the most relevant information.] In the middle of the turmoil brought on by the novel coronavirus, it’s hard to think positively. Yet at some point, we will get through this, remembering this moment years from now