November is a great time to take an inventory of the markets and the prospects for the closing weeks of the year. And as 2020 gets ready to kick off, it’s an especially great time to make sure that your portfolio is set for the coming year. As a conservative income-focused investor and Editor of
On Oct. 28, Quebec-based cannabis producer Hexo (NYSE:HEXO) reported subdued financial results for its fiscal fourth quarter. Wall Street was not pleased with the numbers, primarily because Hexo’s management issued Q1 guidance that indicated that its revenue would not increase. Since the quarterly report, HEXO stock has been volatile and has dropped. On Nov. 14, its
U.S. stocks advanced to fresh record highs to close the week. White House economic advisor Larry Kudlow noted that “short strokes” on a trade deal with China are close to completion and that “the mood music is pretty good” when it comes to finally getting Phase I of the accord signed by both sides. Source:
The market expected a ten bcf injection The withdrawal season has arrived and should show up in next week’s data Watch the weather for clues about price directions over the coming weeks The middle of November is the time of the year when Thanksgiving and the holiday season is right around the corner. In the
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In Thursday Night Stock Charts live we discuss the stock charts of the major indexes in an effort to identify how we are closing out the week. This level of technical analysis is essential to profiting long term as a swing trader.
Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. David Paul Morris | Bloomberg | Getty Images Wall Street analysts are expecting big things from Nvidia when the chip maker reports its third-quarter earnings on Thursday after the bell.
Pedestrians carry Bloomingdale’s shopping bags while walking in New York. Craig Warga | Bloomberg | Getty Images Consumers are likely to have increased their spending in October, after a surprising pullback in September. The government’s October retail sales report, due at 8:30 a.m. ET Friday, is one of the most important data releases of the
U.S. equities are holding near new record highs on Thursday, as investors continue to focus on familiar themes. Will China and the United States sign a trade deal? Will the Federal Reserve’s three quarter-point interest rate cuts be enough to re-energize the economy. And is the U.S. consumer ready to open their wallets for the
IBM (NYSE:IBM) reported earnings at the end of October. The quarterly results gave investors some cause for cheer, but also various reasons for continued concern over the future of IBM stock. Source: Twin Design / Shutterstock.com As a result, IBM gave back some of its recent momentum and fell once again below the $140 mark.
When iQiyi (NASDAQ:IQ) announced its third-quarter results, IQ stock surged higher on strong subscriber growth, climbing from $17.5 to $20. But the momentum has failed to continue, and iQiyi stock fell back to $18.5 in a few trading sessions. I believe that IQ stock is likely to remain subdued because its business faces multiple challenges. Source:
Markets drifted just below the break-even line for much of the day despite some solid comments from Federal Reserve Chairman Jerome Powell regarding the strength of the U.S. economy. Source: FinViz The S&P 500 gained 0.08% The Dow Jones Industrial Average was flat The Nasdaq Composite lost 0.03% Cisco Systems was by far the worst-performing Dow Jones stock,
On Monday, Organigram Holdings Inc. (OGI) lowered its revenue guidance for fiscal Q4 net revenues, further pushing the stock lower and leaving many to wonder: Has it finally hit bottom? OGI pulled in CA$24.8 million during its fiscal Q3, but now has lowered its fiscal Q4 expectations to CA$16.3 million. For the full fiscal year
Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Michael Short | Bloomberg | Getty Images Google is getting into banking — but not with the same motivations as Wall Street. The tech giant is launching customer checking
Getty Images Check out the companies making headlines after the bell: Shares of Cisco Systems sank as much as 6% during extended trading after the multinational telecom company reported a weaker-than-expected second-quarter outlook despite its first-quarter earnings beat. The company expects second-quarter revenue to fall between 3% and 5%, compared to the 2.6% percent increase
More often than not, the worst time to buy a stock is when it is at or near a 52-week high. Microsoft (NASDAQ: MSFT) stock, however, is an exception to the rule. Source: dennizn / Shutterstock.com Shares of Microsoft have surged more than 44% since January, buoyed by growth in its cloud computing business, including its
BP (NYSE:BP) stock remains steady as the company transitions to a new CEO. The problem is that has remained too steady. Source: JuliusKielaitis / Shutterstock.com The stock has seen little movement in the nine years Bob Dudley has served as CEO. Mr. Dudley took over in the midst of the Deepwater Horizon oil spill that
A trader knows when to get out. An investor knows not to get in. A plunger is better off in Las Vegas. Tilray (NASDAQ:TLRY) and the other cannabis stocks were for plungers. Traders who paid close attention, and who got out at the first sign of a reversal, made money. Plungers were taken to the
It’s been an interesting day in the stock market today. While the overall action in U.S. indices was relatively calm, there were a lot of individual stories to keep pace with. One of the more notable reads from Wednesday came from General Electric (NYSE:GE). Three years ago, GE stock was trading for almost $30 per
In this photo illustration, the Disney + logo is displayed on the screen of an Apple MacBook Pro computer on November 08, 2019 in Paris, France. Chesnot | Getty Images This is a developing story. Check back for updates. Credit Suisse raised its outlook for Disney shares after the company released the first-day numbers for