The latest strain of the coronavirus, a deadly respiratory illness believed to have originated in central China, has spread around that country, forcing Beijing to halt travel for more than 35 million Chinese citizens. Plaguing stocks Friday wasn’t just news of the virus’s spread in China, but reports of a second U.S. case, this time
American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images With stocks coming off their first losing week of the year, investors will be looking for the Federal Reserve to soothe markets by reaffirming its position that
Like many of its chip peers, Qualcomm (NASDAQ:QCOM) has been on fire. Shares hit new 52-week highs a few trading sessions ago and Qualcomm stock remains in demand among investors. Source: testing / Shutterstock.com It helps that the company has several long-term catalysts in play, while the overall market continues to rally, rally, rally. And
I started my professional career in banking. First I was with Merrill Lynch International Bank, then with the boutique Mark Twain Bank — now part of U.S. Bancorp (NYSE:USB) — and onto Investec. The key to banking is to gather deposits, seek out opportunities to make loans, cut costs and maximize fee income — and make
According to a Jan. 17 SEC filing, UK investment management firm Baillie Gifford has increased its stake in Nio (NYSE:NIO), the up-and-coming Chinese electric vehicle manufacturer. It now owns 101.4 million American Depositary Shares or 13.1% of Nio stock. Source: xiaorui / Shutterstock.com At this time last year, Baillie Gifford owned 11% of NIO. Already
Aurora Cannabis (ACB) could have troubled waters ahead in 2020. Once a darling to cannabis stock investors, Aurora is still the largest cannabis stock on Wall Street in terms of market cap. But the stock is hardly immune to the external pressures that have been weighing down on the cannabis sector at large. Primarily, supply
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The coronavirus remained front and center in the stock market today. However, despite a lower open across the board, equities fought hard to get back into positive territory ahead of Thursday’s closing bell. The SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 0.14%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) slipped 9 basis points and the PowerShares
Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets. JP Black | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Intel – Intel stock rose more than 6% in extended trading on Thursday after it reported strong fourth-quarter results and topped Wall Street
Payment stocks look due for a big 2020 for a few reasons. First, U.S.-China trade tensions — which have already started easing — will continue to ease over the next few months since neither side wants to upset the egg carton ahead of the U.S. presidential election. Sustained easing of these tensions will inject stability
I wanted to find five overlooked dividend stocks that have plenty of room in their finances to pay out high dividend yields. If the dividends are less than 50%-60% of a company’s earnings, there is still room to hike the payout. Also, that range gives companies room to buy back stock, which would help stock
U.S. equities are pulling back on Thursday as the worries over a global contagion out of China spreads. New cases have been reported in places like Scotland and the U.S. The worry is that officials will have no choice but to lock down travel to prevent the disease from spreading, which would dampen global growth.
New lows in natural gas this week The market expected a withdrawal of 92 bcf from storage Natural gas looks set to test the 2016 low In November 2019, the price of nearby NYMEX natural gas futures rose to a high of $2.905 per MMBtu. The market ran out of buying at the start
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The stock market continues to fight through the coronavirus scare, as stocks opened lower then pushed higher in the afternoon. That said, let’s look at a few top stock trades going into the end of the week. Top Stock Trades for Tomorrow No. 1: Netflix (NFLX) Netflix (NASDAQ:NFLX) slipped after reporting its fourth-quarter results, despite
David Solomon, Goldman Sachs Adam Galica | CNBC Goldman Sachs CEO David Solomon told CNBC on Thursday that starting this year, his investment bank wouldn’t help companies go public without at least one “diverse” board member. “Starting on July 1st in the US and Europe, we’re not going to take a company public unless there’s
Pedestrians cover their faces with sanitary masks after the first cases of coronavirus have been confirmed in Hong Kong, China on January 23, 2020. Miguel Candela Poblacion | Anadolu Agency | Getty Images As China’s Wuhan virus spreads, it is expected to continue slamming Chinese and other financial markets, but economists say it may ultimately
One of my favorite pastimes is creating outside-the-box stock portfolios for InvestorPlace readers. Recently, I read the New York-based research firm Morning Consult’s special report “Most Trusted Brands: The State of Consumer Trust.” Using its brand tracking platform, Brand Intelligence, Morning Consult conducted consumer surveys between September 2019 and December 2019, coming up with an