Shopify (NYSE:SHOP) stock is a wild one. Trading it is not for the faint of heart. If you are waiting for an easy entry point, you are going to be waiting a long time. The speed at which the shares move baffles most investors. Therefore it is much easier to invest in it with a
A Sierra Wireless display at a trade show. Source: Sierra Wireless Lion Point Capital, run by alumni of Elliott Associates, Perry Capital and Starboard Value, struck an agreement this month with Sierra Wireless, a struggling telecom hardware maker that’s trying to become a software company. We believe Lion Point has a good chance at getting
A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending. Even before the state shutdowns took
The stock market caught a nice rally on Friday, sending it higher into the weekend as investors prep for another busy week of earnings. With that in mind, let’s look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Intel (INTC) Shares of Intel (NASDAQ:INTC) were getting buried after
Wall Street looks vulnerable to another pullback here as the post-Covid-19 rebound capped out near a 50% retracement of the initial selloff and has been sliding sideways for weeks. To be sure, there are plenty of things to be worried about: Evidence of a prolonged economic shutdown, chaos in the energy markets, and concerns a
Naturally, with most of the country — and much of the world — stuck in some form of quarantine, it’s easy to get discouraged about the financial markets. However, a few companies have emerged from this crisis stronger than ever. One of those names is Zoom Video Communications (NASDAQ:ZM). Source: Michael Vi / Shutterstock.com Similar
Saudi Aramco crude oil storage at Ras Tunura, Saudi Arabia. Planet Labs The coronavirus crisis led to an unprecedented collapse in demand for oil and U.S. prices have rapidly fallen over the past week. In order for the price to stabilize, U.S. producers have to further cut their production or be forced to curb it
A masked pedestrian carrying water bottles walks past the Charging Bull statue in lower Manhattan on April 02, 2020 in New York City. Bruce Bennett | Getty Images The stock market is struggling to make headway, as a big week of events rolls around, including a Federal Reserve meeting, the first look at post-shutdown economic
What an odd and interesting day Thursday was! All day long it looked like the stock market was going to bring gains to long-positioned investors — until the drop at the very end, that is. Source: Shutterstock That’s so typical of the markets. They get your hopes up, just to bring you right back down
The coronavirus pandemic is creating changes to the global economy that can make you seem like you’re living through a movie. Businesses are closed not due to lack of demand, but because supply was cut off. And that is causing more problems for some troubled stocks. Millions of Americans are under shelter in place orders.
Some so-called novel coronavirus stocks have printed modest, token gains. Not health services app Teladoc Health (NYSE:TDOC). Despite taking a 5% hit on the Tuesday, April 21 session, TDOC stock has more than doubled from this year’s opening price. Naturally, the nature of Covid-19’s infectiousness has greatly expanded the company’s profile. Source: Piotr Swat /
Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with
Long-time professional traders watching the near implosion of the United States Oil Fund could only watch in wonder. “It tells me people always want to make a quick buck,” said John Davi, chief investment officer and founder of Astoria Portfolio Advisors. He was referring to retail investors who lost a boatload of money investing in
Take a look at some of the biggest movers in the premarket: American Express (AXP) – American Express reported quarterly profit of $1.98 per share, an adjustment that excludes an increase in credit reserves, with GAAP earnings at 41 cents per share. The consensus estimate was $1.43 per share. The financial services company increased its
AT&T (NYSE:T) looks like an oil company stock, with a yield that looks too good to be true. As trading opened April 23 AT&T stock was as trading at $29.50. Source: Roman Tiraspolsky / Shutterstock.com Its 52-cent-per-share dividend now yields 7% if you buy now. By way of comparison, Chevron (NYSE:CVX), the second-largest U.S. oil
The market expected a 52 bcf injection Natural gas breaks higher before the latest data The level to watch on the upside Natural gas turned a blind eye to the crude oil market at the start of this week. On April 20, a day that will live in infamy in crude oil history, the price
Thursday was another interesting day in the stock market, with plenty of movers and earnings reports. With that in mind, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Gilead Sciences (GILD) A report on Gilead Sciences’ (NASDAQ:GILD) remdesivir drug having disappointing data for treating the coronavirus
Airline stocks have been in news with the industry among the worst hit due to the crisis triggered by the novel coronavirus. With most airline stocks plunging, there is ample discussion on value buys in the industry. American Airlines (NASDAQ:AAL) stock has declined by 64% from fiscal year 2020 highs and currently trades at $11.
After last month’s selloff driven by the novel coronavirus, many stocks remain far below their 52-week highs. And not just more vulnerable companies. High-quality names like Hilton Worldwide (NYSE:HLT), too. With HLT stock down more than 38% since February, it’s obvious investors still believe the hotel giant is not out of the woods yet. Source:
Steven Eisman, senior portfolio manager at Neuberger Berman. Katie Rooney | CNBC Renowned investor Steve Eisman said Thursday U.S. banks are an attractive investment following the coronavirus-induced market sell-off. “I actually think long-term, the best cyclical play out there are the very large banks,” Eisman, senior portfolio manager at Neuberger Berman, told CNBC’s “Fast Money.”