Intel (NASDAQ:INTC) stock is going to make people a lot of money once the market stops falling. Source: canon_shooter / Shutterstock.com Since Feb. 19, shares have dropped from $67 to their March 12 price of below $50. This has taken the price-to-earnings ratio below 12, and the dividend yield to almost 2.5%. The company had
CNBC’s Jim Cramer praised President Donald Trump’s latest response to the coronavirus outbreak on Friday, calling the private sector involvement “a very big deal.” “These are real companies, and they want to do something about it,” Cramer said on “Closing Bell.” “This is not a bunch of bureaucrats who are saying, ‘We ought to do
Now that stocks have entered a bear market, more wild volatility is expected in the week ahead as investors await a big policy move by the Federal Reserve. The Federal Reserve meets Tuesday and Wednesday and is expected by some economists to take its benchmark federal funds target range back to zero, as the economy
Stocks soared Friday even as investors digested news that the White House will soon deem the coronavirus outbreak a national emergency in the U.S. That sounds ominous, but this is an opportunity for the Trump Administration to bring much needed clarity and leadership to a scenario that is plaguing the world’s largest economy and fraying
U.S. stocks have plunged nearly 20% in about a month on fears that the coronavirus from China will materially slow economic activity and could tip the global economy into a recession. Very few stocks are being spared in this selloff. Even traditionally strong payments stocks like Visa (NYSE:V) stock have tumbled. Source: Teerawit Chankowet /
The stock market remains tense over the coronavirus from China and its impact on global GDP growth. In the very short term, fear and uncertainty are dictating the market direction. Source: Jonathan Weiss / Shutterstock.com However, this is bound to change in the coming months, and beaten-down stocks will rally. One stock that’s worth accumulating
Wells Fargo (NYSE:WFC) chair Elizabeth Duke and board member James Quigley resigned March 8 under pressure from both the House Financial Services Committee and within the bank itself. WFC stock fell more than 12% on the news. Source: Shutterstock The resignations came just hours before CEO Charlie Scharf appeared in front of Congress Tuesday to
Omar Marques | LightRocket | Getty Images Bitcoin lost its allure as a safe-haven asset this week. The world’s first and most widely held cryptocurrency dropped 50% over the past two days. Bitcoin — sometimes referred to as “digital gold” — fell more than 30% Friday to its weakest level since March 2019, according to
A man in a surgical mask walks by the New York Stock Exchange (NYSE) after more cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. Andrew Kelly | Reuters What would happen if the New York Stock Exchange floor closed? For decades, the NYSE has had contingency plans to
Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ulta Beauty — Share of Ulta Beauty rose about 3% around midday, paring gains along with the broad market. The stock surged as much as 15% at its session high after the makeup retailer posted better-than-expected quarterly earnings. Ulta reported fourth-quarter profit of $3.89
The market expected a decline of 68 bcf Fundamentals remain bearish Risk-off lifts the price of natural gas with two weeks to go in the withdrawal season The fear and uncertainty that has swept around the world over Coronavirus have been causing wild gyrations in markets across all asset classes. We have reached a point
As poorly as U.S. stocks have performed, there have been bright spots in the market. In past editions of Big Stock Charts, we’ve tried to highlight some of those bright spots. Source: Shutterstock After Thursday’s rout, however, it’s almost impossible to do so. Part of the problem is the sheer breadth of the day’s declines.
Through no fault of its own, Apple (NASDAQ:AAPL) may have a bigger and longer-lasting problem in China than many realize. And the company’s difficulties in the world’s second-biggest economy will likely have a meaningful negative impact on the iPhone maker and Apple stock for an extended period of time. Source: dennizn / Shutterstock.com Many media
Stocks have been getting pounded for the past month. And with huge volatility every day, it’s hard to trust any rebound at the moment. That said, some investors have been complaining that there are still relatively few bargains within the tech space. By and large, tech companies have held up even as other sectors like
Kraft Heinz (NASDAQ:KHC) stock is still overvalued. Don’t try to catch this falling knife. Even though Kraft Heinz is down a lot since Feb. 13 — when it reported 2019 earnings — the free fall may not be over. Source: Eyesonmilan/Shutterstock.com Why? The company insists on maintaining its $1.60 per share annual dividend. The reality
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images JPMorgan Chase on Thursday told managers to implement a plan to have employees based in offices in Manhattan, Brooklyn and Jersey City to start working from home in shifts beginning on Friday. “We are asking
A trader on the floor of the New York Stock Exchange watches the board as trading is halted and the market closed, down 554.26 points, 27 October, in New York. Stan Honda | AFP | Getty Images Thursday’s 10% plunge in the Dow Thursday on coronavirus fears was its worst day since the 1987 “Black
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It was another volatile day in the stock market, with the S&P 500 going limit-down and triggering a temporary trading halt. Here’s a few top stock trades now. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Shares of Apple (NASDAQ:AAPL) are struggling to hold up, but are doing a better job than the indices.
I’ve heard of transformative investments, but rebel billionaire Richard Branson is taking it to the next galaxy, and he hopes quite literally. With Virgin Galactic (NYSE:SPCE), Branson intends to make space travel commercially accessible, not only for recreational purposes but also for advancing scientific innovations. There’s just one problem with SPCE stock. Source: Christopher Penler