Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Fed is not expected to announce any new policy initiatives when its meeting ends Wednesday, but it could provide
Natural gas moves towards $2 per MMBtu but failed The seasonal rally breaks the bearish pattern Crude oil could one day be a harbinger for the natural gas futures market and is a lesson for option sellers I have been trading commodities for almost four decades. In markets, one is never too old or too
The major equity averages didn’t do much of anything Tuesday even as several big names reported earnings before the opening bell. Fortunately, there was some decent commentary from those companies, albeit cautious, indicating that the U.S. economy could start rebounding in the second half of the year. Source: Provided by Finviz The S&P 500 slipped
The novel coronavirus may be a boon for big box stores. That’s evident as stocks like Walmart (NYSE:WMT), Costco (NASDAQ:COST) and others trade at prices at or above their pre-outbreak highs. But for many retailers and retail stocks, things are not so peachy keen. Many retailers face continued store closing due to being classified as
If you live with children, you don’t need to be told that the video game market is alive and well in the age of the novel coronavirus. Even as many investments tanked amid the pandemic, Electronic Arts (NASDAQ:EA) stock has pressed forward to fresh short-term highs. Source: Rick Neves / Shutterstock.com Critics might even assert
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters Check out the companies making headlines in midday trading. Gap, JCPenney, Nordstrom, L Brands, PVH, Dillard’s, Ollie’s Bargain Outlet — Retail
When the equity markets were in a meltdown mode, Royal Caribbean Cruises (NYSE:RCL) plunged to $19.25. But RCL stock doubled from the lows and trades at $39.47. This has been in line with some respite for the broad markets. Source: Laszlo Halasi / Shutterstock.com At current levels, I believe that it might not make sense
It’s been a volatile April for the metals markets, and silver (SLV) has managed to gain back some ground after falling off a cliff in March and registering a (-) 16% return for the month. Fortunately, this bounce is not being met with enthusiasm for the time being, as small speculators continue to shed their
Bulls continued their momentum from the prior week, again pushing equities higher. With that in mind, here’s a look at a few top stock trades to start the week. Top Stock Trades for Tomorrow No. 1: Alibaba (BABA) After a rebound from the lows, Alibaba (NYSE:BABA) stock has been stagnating over the past two weeks.
In our live stream Swing Trading Today we answer the question of if the stock market is cheap? We will do some Technical Analysis to determine resistance levels on the stock charts. ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU
After Ford (NYSE:F) stock plunged to $4 in late March — to levels not seen since the financial crisis in 2008 to 2009 — the shares have staged a decent rally. In fact, the return on F stock is about 27% from those levels. Source: Proxima Studio / Shutterstock.com However, it’s important to keep in
Everyone in the world is wrestling with the trillion-dollar question: When will the U.S. economy open? It’s a question that is puzzling academics and medical professionals alike, and no one seems to have a definitive answer. Source: BigTunaOnline / Shutterstock.com According to Dr. Anthony Fauci, America’s top infectious disease expert, parts of the country that
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company’s annual shareholder’s meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire’s vice chairman of non-insurance operations, taking previously submitted questions
Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The beverage company’s stock soared 7% in extended trading after Keurig Dr Pepper reported first-quarter earnings.
So far, 2020 has been a difficult year for long-term investors in Caterpillar (NYSE:CAT) stock. In 2020, CAT stock is down about 23%. Source: Shutterstock However, that number gives only half the story. On March 12, the shares hit a 52-week low of $87.50. Now they are hovering around $114. In other words, over the past
Stocks decoupled from oil prices on Monday, good news for equity investors as crude was bludgeoned again. West Texas Intermediate (WTI) futures sank as low as $13 per barrel amid speculation that the glut of domestic oil is so severe that storage capacity will be exhausted in a matter of weeks. Source: Provided by Finviz
Amid the novel coronavirus pandemic, Blue Apron (NYSE:APRN) stock is up 74% year-to-date. I think that the rally is overdone and that the shares of the meal kit deliverer will likely retreat after the company reports its first-quarter results on April 29. Source: Roman Tiraspolsky / Shutterstock.com Blue Apron stock shares will probably fall further
Via a partnership with BioNTech (NASDAQ:BNTX), Dow component Pfizer (NYSE:PFE) is entering the novel coronavirus treatment fray, but unless success on this front is immediately available, it’s going to take more than hope to lift PFE stock. Source: Manuel Esteban / Shutterstock.com As a host of small-cap biotechnology names and large-cap Gilead (NASDAQ:GILD) are proving,
U.S. Donald Trump, left, listens as Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., on Thursday, April 2, 2020. Kevin Dietsch | UPI | Bloomberg via Getty Images Even as the U.S. small business relief program is set to reopen Monday with fresh