Volatility continues to wreak havoc on equities, and that was the case again on Thursday. Selling pressure overwhelmed investors again in the stock market today, as the S&P 500 fell 9.5%. That’s alongside the 9.99% and 9.4% fall in the Dow Jones Industrial Average and Nasdaq Composite. Small-capitalization stocks are getting crushed too, with the
In Swing Trading Today we review historical support levels for the S&P 500. Technical Analysis ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they are resolved https://www.surveymonkey.com/r/HW3YH2W ✅Bob’s 5
The coronavirus is grinding businesses, schools and in some cases, entire countries to a complete halt. While life will eventually go on and people will begin shopping once again, Visa (NYSE:V) stock may still have downside ahead. Source: Teerawit Chankowet / Shutterstock.com Don’t get me wrong, I love Visa from a company standpoint, and have owned
Not many investors are familiar with special purpose acquisition companies (SPACs), a special breed of IPO stocks that enable well-connected sponsors to raise hundreds of millions of dollars from the public markets. Often referred to as blank-check companies or blind pools, the sponsors have 24 months from the day the IPO funds are raised to
Ray Dalio, Bridgewater Associates Founder, President & CIO. Anjali Sundaram | CNBC Bridgewater Associates, the largest hedge fund in the world founded by Ray Dalio, has navigated several market downturns with great success. The recent coronavirus-induced sell-off is not one of them, however. The Financial Times reported Bridgewater’s flagship fund — the Pure Alpha Fund
Investors are looking to the White House and Congress for signs of leadership that are so far falling short of expectations. Amid the novel coronavirus pandemic, the S&P 500 has fallen into bear market territory in the fastest-ever 20% decline, measured by data going back to World War II, according to CFRA. The Federal Reserve has
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With the coronavirus death tally surpassing 1,000 in Italy — the Eurozone’s third-largest economy — and little clarity on when the U.S. will get a handle on the situation, stocks continue sliding in dramatic fashion today, confirming the end of one of history’s most glorified bull markets as of Wednesday. Source: Provided by Finviz The
Like the coronavirus from China, it’s no surprise that the ensuing market bloodbath has aggressively attacked the old and vulnerable. At one point, General Electric (NYSE:GE) was a revered American industrial giant. Now, the company is just American, with its previously associated characteristics no longer having much meaning. So far, GE stock is down nearly
Are we having fun yet? These are turbulent times on Wall Street, so today’s write up is a little different than most. But first, it is imperative that we acknowledge that this virus pandemic is extremely tragic and our thoughts go out to those who are affected by it. I am confident that just like
Chesnot | Getty Images Investors likely won’t get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus. Logistics issues aside for investment bankers unable to travel, market volatility like this scares off companies who want to raise capital. The initial public offering calendar is
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 after the bell. Slack — The messaging software maker saw its stock tumble 20%
Stocks put together a mild bounce on Friday, following Thursday’s beating. Here’s a few top stock trades for Monday. Top Stock Trades for Tomorrow: Facebook (FB) Facebook (NASDAQ:FB) has been hammered, as shares have fallen from almost $225 in January to a recent low of $155. The stock wasted little time breaking below uptrend support
Things are going from bad to worse for conglomerate 3M (NYSE:MMM) stock. Source: Pavel Kapysh / Shutterstock.com Large The maker of Scotch Tape, Post-It notes and Ace bandages has been hammered on Wall Street for close to a year now. MMM stock is down 13% year-to-date, and has collapsed more than 30% since April 2019.
Along with most other stocks since late February, Oracle (NYSE:ORCL) has been on bearish path. Note that the shares have gone from $55 to $39.80. But today, there was a nice change in direction: ORCL stock is up 14% to $45. Source: Sundry Photography / Shutterstock.com This is due to a combination of a snap
The end to the record-long bull market is now a reality. However, entering a bear market doesn’t always mean a recession is upon us, history shows. This week, the S&P 500 and the Dow Jones Industrial Average entered bear markets, ending their historic 11-year bull runs. A bear market marks a 20% decline from all-time highs. As a
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters Wall Street is increasingly expecting the Fed to use more
If only the rally could have come sooner in the day or earlier this week. After a stunning fall on Thursday where equities fell about 10%, we saw a surge into the close on Friday. We saw the Nasdaq Composite gain 9.3% in the stock market today, while the S&P 500 and Dow Jones Industrial
Energy stocks are getting hammered along with the rest of the market, but for a slightly different reason. OPEC met with Russia last weekend, hoping to formalize an agreement to cut crude oil protection and raise prices. As the coronavirus from China spreads, oil prices keep falling, and the outbreak is certain to hurt the
Shopify (NASDAQ:SHOP) has to be one of the more frustrating growth stocks out there. Valuation is through the roof and there are plenty of doubters. But before the coronavirus-induced selloff, Shopify stock was on fire, as the company continues to deliver on growth. Source: Beyond The Scene / Shutterstock.com I don’t think investors have missed