Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC For years, Jamie Dimon had a running joke: Ask him when he was going to step down from J.P. Morgan Chase, and the answer was always five years in the future, no
Aurora Cannabis (NYSE:ACB) stock is at a crossroads. The cannabis company isn’t expected to become profitable any time soon. That means the company will continue to bleed cash flow, and ACB stock could drop further. Source: Shutterstock Moreover, some believe Aurora stock is likely to fall below $1, a key threshold. Many investors don’t want
It’s been a frustrating couple of weeks for investors in the gold miners (GDX), with the index barely making any progress despite gold rocketing higher on Middle East tensions. While this significant underperformance to start 2020 has likely discouraged investors, the key is that investors don’t miss the forest for the trees. The Gold Miners
Kevin Matras looks at the ‘short ratio’ as a market sentiment indicator and shows how to use it for finding winning stocks. Highlighted stocks include CONN, CWTR, HNZ, VMED and WGO.
Considering that some of the banking industry’s marquee names reported earnings today, it was a mostly sluggish Tuesday as stocks waned near all-time highs even amid some good vibes on the trade front. Source: Provided by Finviz The S&P 500 inched lower by 0.15% The Dow Jones Industrial Average gained 0.11% The Nasdaq Composite fell a
At some point, Aurora Cannabis (NYSE:ACB) has to be a buy. Right? Perhaps eventually, it will be. But until Aurora stock shows signs that its downtrend is ending, why stick with a loser? Source: ElRoi / Shutterstock.com I couldn’t have been more clear about how I feel about cannabis stocks at this point. While many
A Citibank branch in Hong Kong. Vincent Isore | IP3 | Getty Images Citigroup is slated to report its calendar fourth-quarter results on Tuesday as investors brace for a highly anticipated earnings season. Here’s what analysts are expecting to see from the banking giant’s results: Earnings: $1.84 per share, according to Refinitiv Revenue: $17.889 billion
An Airbus A320-212 operated by Delta Airlines takes off from JFK Airport on August 24, 2019 in New York City. Bruce Bennett | Getty Images Check out the companies making headlines in midday trading. J.P. Morgan — Shares of J.P. Morgan jumped nearly 2% after the nation’s biggest bank by assets reported stronger-than-expected quarterly results. J.P.
If for nothing else than its dramatic valuation swing, FuelCell Energy (NASDAQ:FCEL) has suddenly become a hot commodity. Since the beginning of November, FCEL stock has jumped almost 700%, easily putting a smile on long embattled shareholders’ faces. But does this alternative energy company have the goods to sustain its resurgence into 2020? Source: Shutterstock
The price rises on the back of Iran and then falls on an immediate de-escalation Open interest moves higher with the price- A bullish sign Fasten your seatbelts as oil will move with tensions in the Middle East We are only around two weeks into 2020, but the crude oil market has been highly
Led by technology names, stocks rallied Monday, two days before the U.S. and China are slated to sign Phase I of the much anticipated trade accord. Source: Provided by Finviz The S&P 500 jumped 0.70% The Dow Jones Industrial Average added 0.29% The Nasdaq Composite gained 1.04% on its way to another intraday record Although there
Apple (NASDAQ:AAPL) had an impressive run in 2019, climbing 101% over the past 12 months. Some might think the run is over for Apple — with a market cap in excess of $1 trillion dollars, how much more can it grow? But analysts at Wedbush remain bullish on AAPL stock at the start of 2020.
Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Many stock markets globally have continued their strong run into the new year — so it’s time to start taking some profits while waiting for another opportunity to
Pedestrians walk past a GameStop Corp. store in New York, U.S. Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Shares of GameStop fell more than 8% in extended trading after announcing holiday sales numbers that were down sharply from the previous year and lowering guidance. For a nine-week
Bank of America (NYSE:BAC), arguably Warren Buffett’s favorite bank stock, surged 43% in 2019 as investors applauded the bank’s conservative management and better-than-expected quarterly results. Lately, though, the banking sector and Bank of America stock can’t catch a break. Source: Michael Vi / Shutterstock.com Recent notes to clients from UBS, Baird, and Keefe, Bruyette &
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What are investors missing when it comes to this latest rally? Seemingly nothing can derail it, as the surge higher continued in the stock market today as well. New highs were hit across the board in Monday’s session, with the S&P 500 and Nasdaq Composite notching new highs. Despite the big moves we’ve seen in
Last year wasn’t encouraging for investors in cannabis stocks. And despite the company’s comparatively strong revenues, Aphria (NYSE:APHA) stock was collateral damage as risk-off sentiment dragged the sector lower. The so-called Cannabis 2.0, in which edibles and vaping products were expected to drive marijuana-market revenues in Canada in late 2019, simply didn’t pan out and
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 7, 2019 in New York City. – Wall Street stocks finished little changed on August 7, 2019, following a choppy session as a plunge in treasury bond yields early in the day underscored worries about a weakening global economy. JOHANNES