Global equities are reeling as the coronavirus from China continues to spread globally, killing its first victim in Japan. The outbreak is also forcing China to choose between killing its economy or killing more citizens by sending people back to work too early. Add to that reports the U.S. military is preparing quarantine facilities on
One year ago — almost to the day — I was interviewed on CNN Business and made a rather bold prediction. I said that the S&P 500 would be up 25% in 2019. Source: Shutterstock It was especially bold coming out of a tough correction from October into December that dropped stocks 20% from their
Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
Emerging market debt, as an asset class, has been spared a big impact from the coronavirus so far. Fear the virus will hurt the global economy has driven Treasury yields lower, and the easy money policies of the world’s central banks have pushed yields lower around the globe, so the hunt for yield has become
It’s been an uneventful start to the year for the Gold Miners Index (GDX), as the ETF is down 3% year-to-date, and has traded in a tight range since the beginning of 2020. This shouldn’t be surprising given last year’s 39% return, and some consolidation would be completely normal after an advance of this magnitude.
I’m a pretty avid runner and gym goer, and I happen to love Under Armour (NYSE:UA, NYSE:UAA) gear for workouts. However, while I like the attire, UAA stock is another matter — and the company’s latest earnings report underscores that fact very succinctly. Source: Sundry Photography / Shutterstock.com Once the up-and-coming king of the fitness
Another day, and more new all-time highs for U.S. stocks. The broad market continues to follow a trend we’ve highlighted repeatedly in this space: winners keep winning, and losers keep struggling. Source: Shutterstock If that trend continues, it will be good news for two of the names featured in Thursday’s big stock charts. For another,
In my early years, I learned a simple lesson that has served me well: Don’t change a winning strategy. In this case, I would like to repeat what worked back in November as it played out well. Back then, consensus was that energy stocks were going to be winners, but instead of chasing upside potential
Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital. Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison
A pedestrian walks past a stock ticker at a Fidelity Investments office in Boston, Massachusetts. Brian Snyder | Reuters Thanks to record-breaking markets and more retirement savings, there are a record number of 401(k) and IRA millionaires in the United States. Fidelity has released its quarterly analysis of retirement trends, which has become increasingly relevant
Falling bond yields are reflecting investor fears about the rapidly spreading coronavirus, yet stocks are rallying near their highs, even as the virus has now infected more than 40,000 people. The two markets appear to be diverging as low bond yields flash a warning of potential economic weakness ahead, and stocks seem to have heard
In Swing Trading Today we discuss if given the supply chain shock is it time short of $AAPL using put options if it is time to buy the shares. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points
The law of accelerating returns is probably the most important economic concept you’ve never heard of, with broad implications across the stock market, the economy, and politics. It’s a simple, yet powerful, idea which could guide to 1,000%-plus returns in the stock market, help you explain America’s widening wealth gap, and give you ammunition to
I’m on record calling the legal marijuana market one of the biggest business booms this century. Despite the extremely turbulent waters that the sector faced last year, I still stand by my bullishness. However, just because the general thesis is strong doesn’t mean every participant will prosper. This brings me to Aurora Cannabis (NYSE:ACB), and
It was another banner day for U.S. equities as ebbing concerns about the new coronavirus from China served as a springboard for the major domestic benchmarks to hit all-time highs. Source: Provided by Finviz The S&P 500 vaulted higher by 0.65%. The Dow Jones Industrial Average surged 0.94%. The Nasdaq Composite soared 0.90%. UnitedHealth Group (NYSE:UNH)
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Lyft — Lyft shares dropped nearly 9% after the ride-sharing company failed to update its timeline on when it would become profitable. This overshadowed
InvestorPlace contributor Josh Enomoto recently recommended that readers keep an eye on Freeport-McMoRan (NYSE:FCX), copper prices and the effect of China’s coronavirus outbreak on FCX stock. Source: MICHAEL A JACKSON FILMS / Shutterstock.com While copper demand continues to rise, when your biggest buyer is sitting on the sidelines due to lack of economic activity and
Cisco Systems (NASDAQ:CSCO) has basically been flat since August 2019. And that was after it had fallen almost 20% from a five-year peak. That leaves Cisco stock looking very cheap now. Source: Sundry Photography / Shutterstock.com Moreover, CSCO did not please investors with its latest earnings guidance. For example, it reported 12% higher earnings per
In 2008, Chesapeake Energy (NYSE:CHK) looked like a winning bet. Oil prices hit record highs, natural gas prices spiked to near-record levels, and CHK stock was flying high, punching past $65 that summer. Even as recently as 2014, there was hope that the company’s big bets on natural gas and oil production would pay off