If you got into Exxon Mobil (NYSE:XOM) on March 16, you are seeing a great bargain. That was when XOM stock dropped to its low of under $33 per share. It will open May at $46.47. It just announced the 87-cent per share dividend will remain (for now). Source: Harry Green / Shutterstock.com If you
Stocks slumped again on Friday amid a batch of disappointing earnings reports from some of the largest companies in the S&P 500, potentially giving credibility to the old Wall Street maxim of “sell in May and go away.” Source: Provided by Finviz The S&P 500 declined 2.79%. The Dow Jones Industrial Average lost 2.53% The Nasdaq
In 2020, investing in the travel sector in general and cruise companies in particular has produced losses for shareholders. Today I’m evaluating Carnival (NYSE:CCL) stock. Year-to-date, CCL stock is down an eye-popping 73%. Source: Ruth Peterkin / Shutterstock.com Carnival’s shares are dual-listed both in the U.S. and the U.K. In fact, it is the only company
There’s an old saying that “somewhere in the middle lies the truth.” That’s part of the story behind 3M (NYSE:MMM) being a stock to own even during these uncertain times. Source: r.classen / Shutterstock.com Lately, the stock markets have been on a tear. In fact, the April rallies set records not seen since 1987, 1974
NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission. NASA/Aubrey Gemignani NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk’s SpaceX have been well worth it as the company prepares
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images April’s 12% rally in the S&P 500 has been based largely on hopes for a reopening of the U.S. economy, but if you want to know how fragile the reopening may
Caution tape is seen at a subway train on April 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Squeezed by a lack of ridership, the authority that runs New York City’s subways and buses may go to the Federal Reserve for a loan. The Metropolitan Transportation Authority on Tuesday delayed a
Yes, the markets are roaring back and even first-quarter earnings are looking better than expected. But even as businesses open up and the novel coronavirus fades, we’re not headed back to normalcy quickly. It’s going to take a while. Also, all measures of performance are in an odd spot. How do you calculate what good
Saddled by another round of bleak economic data delivered on a Thursday and tepid earnings reports, stocks faltered in the final trading day of April, though the major equity benchmarks posted strong monthly performances. Source: Provided by Finviz The S&P 500 declined 0.92%. The Dow Jones Industrial Average slid 1.17% The Nasdaq Composite retreated 0.28% After
[Editor’s note: “Wait for a Pullback Before Buying United Airlines (UAL) Stock” was originally published on April 9. It is regularly updated to include the most relevant information.] Source: NextNewMedia / Shutterstock.com United Airlines (NASDAQ:UAL) stock is bouncing back. Does that make shares a buy? Yes and no. The legacy carrier isn’t out of the
[Editor’s note: “9 of the Best Food Stocks to Buy Right Now” was originally published in March 2020. It is regularly updated to reflect the most relevant information.] With so much chaos in the financial markets – something that the novel coronavirus and Washington gridlock hasn’t helped – it has been difficult to find individual
A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo, one of the largest home lenders in the U.S., said it it stepping away from the market for home equity lines of credit because of uncertainty tied to the coronavirus pandemic. Here’s the statement
Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
It’s been an impressive start to the year for gold (GLD), as the metal remains one of the top-performing assets, second only to bonds (TLT), and one of the few assets that’s shown a positive return year-to-date. Unfortunately, the metal has had a nice run the past few weeks and has found itself a little
There are still some big earnings reports left for Thursday evening and Friday morning, as investors look for clarity heading into the weekend. With that in mind, here’s a look at a few top stock trades now. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN) Amazon (NASDAQ:AMZN) has been trading very bullishly over the
Tonight on Thursday Night Stock Charts Live we discuss if 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 to short the stock market or is now a good time to buy.
On Wall Street, if an investment looks, smells and quacks like a duck, it’s probably best to let it waddle away into the sunset. When it comes to buying micro-cap, novel coronavirus play iBio Inc. (NYSEAMERICAN:IBIO) stock, the forgone conclusion that it’s a “quack” hasn’t changed much despite the company’s constant self-promotion. Source: Shutterstock The
[Editor’s note: “Microsoft Stock Remains a Safe Buy in Today’s Uncertain Market” is regularly updated to included the latest analysis of the rapidly evolving coronavirus situation and which stocks to buy.] Source: NYCStock / Shutterstock.com Microsoft (NASDAQ:MSFT) has shown great strength in light of the novel coronavirus. As seen from its recent earnings report, growth
I was biking up a big hill in Boston on a recent Sunday morning, an activity I’ve resorted to now that I can’t play tennis or go to spinning class. I was huffing and puffing, so I pulled down my face mask, which is required outdoor attire in my town. I noticed a runner coming
A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images Half of the S&P 500 companies have reported earnings for the first quarter and this has been the strangest earnings season imaginable. Consider: Global activity has ground to a halt in some sectors, but