In the recent past, Plug Power (NASDAQ:PLUG) has seen significant volatility. After touching a 52-week high of $6.05 in the third week of February, PLUG stock declined by 54% to $2.76. Source: Shutterstock This decline was triggered by the company’s 40 million share offering at $2.75. Subsequently, the stock has moved higher by 46% and
Month: March 2020
Micron Technologies (NASDAQ:MU) stock is proof there is life after the coronavirus from China. Source: Charles Knowles / Shutterstock.com The memory chip maker surprised analysts by earning $405 million, 36 cents per share, on revenue of $4.8 billion for the quarter ending in February. This coincided with the heart of the pandemic in China and
The Cboe Volatility Index (VIX), has become one of the most widely watched indicators of market sentiment in the world. In theory, it works on a simple principle: It is a measure of the stock market’s expectation of volatility over the following 30 days based on near-term S&P 500 index options, both puts and calls.
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
Morgan Stanley CEO James Gorman told his employees that despite the upheaval caused by the coronavirus pandemic, their jobs will be secure through this year. “I am sure some, if not many, of you are worried about your jobs,” Gorman said Thursday in a staff memo. “While long term we can’t be sure how this
After a rapid rebound this week, the stock market took a break, dipping several percent for the bulk of Friday’s session. Let’s look at a few top stock trades for Monday. Top Stock Trades for Tomorrow No. 1: Alphabet (GOOG, GOOGL) Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has been climbing back from the depths, along with the rest
The sudden collapse in the price of oil will hurt natural gas exploration firms the most. Chesapeake Energy (NYSE:CHK) stock is especially vulnerable. The firm has an unsustainable debt load and cannot service the interest payments with energy prices falling. Source: Novikov Aleksey / Shutterstock.com CHK stock tried to hold the 50 cent support line
Editor’s note: This article is a part of InvestorPlace.com’s Best Stocks for 2020 contest. John Jagerson and Wade Hansen’s pick for the contest is Disney (NYSE:DIS). When we started our original write up for this year’s top stock pick with “Please keep your arms and hands inside the ride at all times … 2020 is going to be
Job seekers stand in line at the employment help center in Miami, Florida. Getty Images About 1 million to 4 million people may have filed for unemployment benefits last week, the largest number ever in such a short time. The filings figure, which will be released Thursday before U.S. markets open, will be the first
Dell CEO Michael Dell Getty Images Executives are loading up on their company shares as the coronavirus-driven sell-off dents the broader market, signalling the heads of U.S. businesses are confident their companies will rebound. The heads of Dell Technologies and Wells Fargo are purchasing shares while outsiders ditch riskier assets, sucking trillions in value from
Halting a three-day winning streak, stocks tumbled Friday as investors appeared to sell the news on the House of Representatives passing the $2 trillion stimulus and as coronavirus case data grew increasingly ominous. Source: Provided by Finviz The S&P 500 slid 3.37% The Dow Jones Industrial Average lost 4.12% The Nasdaq Composite dropped 3.79% In a
So far, this week is proving to be a better one to be long the market. Yet not every company is participating in the rally. One of those left behind is the cleaning products specialist Clorox (NYSE:CLX) stock. In especially the first half of March, while its disinfecting wipes were flying off supermarket shelves, investors jumped
Both the supply and demand sides of the equation spell trouble for Big Oil today. Holders of BP (NYSE:BP) stock have suffered staggering losses amid the energy-sector rout. Some audacious traders might wonder if this is the time to grab some cheap shares and hope for the best. Source: FotograFFF / Shutterstock.com That’s an ill-advised
Despite my long-term bullishness, I concede that the wild swings in the markets have been discomfiting for my readers. Truly, we’re witnessing an unprecedented response to this crisis that will impose both societal and economic scars. As you might expect, companies which are levered to consumer sentiment like Tesla (NASDAQ:TSLA) have taken a beating. At
The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks as the impact of virus-related shutdowns ripples across the U.S. economy. Economists had expected anywhere between 1 million and 4 million new claims to be filed for the week ending March 21, as
American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation:
After several sharp days of rallying, investors were greeted with harsh losses in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) opened lower by about 3% and fell almost 4% at its lows. However, the market regained its footing for most of the afternoon, as investors awaited the House result for the $2.2
Exxon (NYSE:XOM) pays $3.48 per share in dividends to its shareholders. Will the dividend be cut? So far, not. So the dividend yield for XOM stock is 9.8%. This is a rare bargain. Source: Harry Green / Shutterstock.com Exxon has made no statement that it is cutting the dividend since the coronavirus pandemic ramped up.
Jobs, wages, profits and dividends are all under siege for American oil companies. For years, Schlumberger (NYSE:SLB) stock was a stunner. That is, until mid-2014. Now, those glory days are long gone. Even when the price of oil powered its way up to $75 in October 2018, Schlumberger shareholders continued to suffer staggering losses. Source:
Before Microsoft (NASDAQ:MSFT) shareholders start freaking out and selling their Microsoft stock, there are no signs at the moment that the company will delay the release of its new gaming console, Xbox Series X. The console is slated to be released in the fourth quarter Source: NYCStock / Shutterstock.com However, Wedbush Morgan analyst Michael Pachter
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