After a stunning fall to $10, shares of American Airlines (NASDAQ:AAL) have since been on a tear. Note that AAL stock is now at $15. Yet despite this rally, the company still sports a miserable year-to-date loss of 50%. Source: GagliardiPhotography / Shutterstock.com The volatility is certainly understandable as it is extremely difficult to gauge
CNBC’s Jim Cramer said Friday he did not think investors were properly factoring in the likelihood a successful antiviral treatment for COVID-19 is developed. “Is anyone even thinking anymore that there is something going on at any drug company that actually may have an antiviral?” Cramer said on “Squawk on the Street.” “I have just been
People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images Everything from auto sales to manufacturing surveys and employment data in the coming week will likely paint a bleak picture of
With so much going on in the world, it’s difficult to step outside of our day-to-day concerns and think about the future. Cities, states, and whole countries are hunkering down to prevent the spread of the coronavirus to vulnerable populations. The toll on human life is tragic, while the economic impact has cut swift and
There’s no doubt that the generous dividend offered by Delta Air Lines (NYSE:DAL) has been one of the best reasons for holding DAL stock. Source: Markus Mainka / Shutterstock.com For the immediate future, however, those payments are at an end. Delta stock has been bushwhacked along with the rest of the airline industry in recent
SPY: Rip Your Face Off Rally SPY – Hooray! The S&P (SPY) soared 17.5% in just 3 days. But why did the market falter on Friday? And what happens next week? Read on for the answers…. Get Free Updates (Enjoy the latest insights from the Reitmeister Total Return newsletter posted after the market close Thursday
By one measure, the bull market returned on Thursday. As we noted in yesterday’s Big Stock Charts, there was a technical argument that the Dow Jones Industrial Average had done so yesterday. The case is easier to make after the Dow rallied another 6.4% on Thursday. Source: Shutterstock As Barron’s noted, the term “bull market”
In the recent past, Plug Power (NASDAQ:PLUG) has seen significant volatility. After touching a 52-week high of $6.05 in the third week of February, PLUG stock declined by 54% to $2.76. Source: Shutterstock This decline was triggered by the company’s 40 million share offering at $2.75. Subsequently, the stock has moved higher by 46% and
Pershing Square manager Bill Ackman exited his market hedge positions earlier this week and used the more than $2 billion in proceeds to bulk up on his fund’s existing stakes as well as reinvest in coffee chain Starbucks. In a letter to Pershing stakeholders dated Wednesday, Ackman said the fund completed the exit from his bets
Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty Major stock indices, in just a few days, have made back more than half their losses, but technical analysts warn the market is setting up for a retest that will decide whether Monday’s lows
Roku (NASDAQ:ROKU) is likely to benefit from a huge surge in viewership amid the outbreak of the coronavirus from China. Meanwhile, fears about the company losing ad revenue during the crisis are overdone. As a result, investors should buy Roku stock at its current levels. Source: JHVEPhoto / Shutterstock.com Even people who aren’t experts on
So far, this week is proving to be a better one to be long the market. Yet not every company is participating in the rally. One of those left behind is the cleaning products specialist Clorox (NYSE:CLX) stock. In especially the first half of March, while its disinfecting wipes were flying off supermarket shelves, investors jumped
The market expected a two bcf withdrawal The injection season begins with inventories above the two trillion level April rolls to May in the futures On Monday, March 23, the price of nearby natural gas futures on the New York Mercantile Exchange division of the CME fell to a new low at $1.519 per MMBtu.
Another solid pop in the stock market has the Dow Jones Industrial Average 25% off its highs and up 18% from its lows. Something’s got to give. That said, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO) We’ve seen a huge rebound in the market
Luckin Coffee (NASDAQ:LK) stock has caught a bounce. Shares were up 11% in midday trading Wednesday March 25, and now have rallied 29% just from their close on Monday March 23. Source: Keitma / Shutterstock.com That trading does make some sense. China appears to be returning to normal after the coronavirus spread in January. LK
Brendan McDermid | Reuters It might be premature to declare the bear market dead, but Thursday’s action sure checked off some important boxes. Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen. Nearly
Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell. GameStop — Shares of the video game retailer surged 14% in extended trading after the company said it had seen a positive impact on its business from the coronavirus. “The COVID-19 outbreak has led to changes in how consumers
JD.com (NASDAQ:JD) has been on fire — bet you haven’t read something like that in a while — since its fourth-quarter lows. Even with the coronavirus from China in the mix, JD stock is still up more than 100% from its lows less than six months ago. Source: Sundry Photography / Shutterstock.com That kind of
TJX (NYSE:TJX), the discount retail store chain, took decisive action on March 19 to save its liquidity. As a result, the company will survive and TJX stock will rebound significantly as the coronavirus from China wanes. Source: Joe Hendrickson / Shutterstock.com TJX has 4,529 stores throughout the world as of Feb. 1, 2020. They operate
XOM: 3 “Re-Energized” Oil Stocks for the Long Haul XOM – Oil prices won’t stay down for either. Neither will the shares of industry leaders like XOM, MRO and BP. Get the rest of the story below… Get Free Updates This is my fourth article in a series that is focused on the most beaten