A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo, one of the largest home lenders in the U.S., said it it stepping away from the market for home equity lines of credit because of uncertainty tied to the coronavirus pandemic. Here’s the statement
Month: April 2020
Facebook (NASDAQ:FB) reported its first-quarter earnings results on Wednesday, April 29 after the close. With a 6.2% rally in the regular session, it was understandable for investors to be worried about a sell-off. However, FB stock ripped higher by almost 10% in after-hours trading. Source: TY Lim / Shutterstock.com That’s a clear sign that investors
[Editor’s note: “Wait for a Pullback Before Buying United Airlines (UAL) Stock” was originally published on April 9. It is regularly updated to include the most relevant information.] Source: NextNewMedia / Shutterstock.com United Airlines (NASDAQ:UAL) stock is bouncing back. Does that make shares a buy? Yes and no. The legacy carrier isn’t out of the
A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images Half of the S&P 500 companies have reported earnings for the first quarter and this has been the strangest earnings season imaginable. Consider: Global activity has ground to a halt in some sectors, but
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported quarterly profit of 11 cents per share, a penny a share above estimates. Revenue and the number of monetizable daily active users beating forecasts as well. Twitter is not giving any guidance for the current quarter or the
Movement is what pays the bills for active traders and investors. Without it, both long-side and short-side traders would be stuck going nowhere. Thankfully, there was plenty of movement in the stock market on Wednesday. Source: Shutterstock Sometimes it’s a mystery as to why stocks move the way they do. In other cases, we can
General Electric reported Wednesday a steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic. The company posted a total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GE Industrial profits fell 46% year over year to $1.096 billion from $2.017 billion. On an
A lot of investors have had their eye on Intel (NASDAQ:INTC) lately. Not only does it tend to trade alongside Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), which are also spotlight-type stocks, but INTC stock is a major technology player. Source: Sundry Photography / Shutterstock.com With its $261 billion market cap, Intel is no speck
Chipotle (NYSE:CMG) reported strong first-quarter results, and its digital sales have soared during the outbreak of the novel coronavirus. While the latter trend is likely to continue, the company is relatively poorly positioned for the current recession. Moreover, the valuation of CMG stock is quite high. Consequently, I recommend selling the shares at their current
Stocks are looking past the gloom of deeply recessionary economic news and finding hope in a reopening economy and the idea that drugs may ultimately be able to help fight the coronavirus. The market bounded higher Wednesday on a combination of what look like ‘green shoots,’ the most hopeful of which were reports of Gilead’s
We saw another massive rally in the stock market, as investors continue to digest earnings. With that in mind, here’s a look at a few top stock trades from the day. Top Stock Trades for Tomorrow No. 1: Facebook (FB) While it’s nice to see mega-cap tech and social media rally, it’s concerning to see
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
Latest Stocks to Buy Updates: Loop Capital: Buy Netflix Stock on Subscriber Growth [Wednesday, April 29, 4:35 p.m.]Contributed by Sarah Smith In his daily column, InvestorPlace’s Bret Kenwell wrote that one analyst is particularly bullish on Netflix (NASDAQ:NFLX) stock. Loop Capital’s Alan Gould reiterated his “buy” rating, assigning a new price target of $500. That implies more
[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com Should you buy Penn National Gaming (NASDAQ:PENN) stock? Shares have rebounded in recent weeks, as investors shake off novel coronavirus concerns,
Prakash Singh | AFP | Getty Images Check out the companies making headlines in midday trading. Alphabet — Shares of Google-parent Alphabet rose 9% following the technology giant’s quarterly earnings. The report showed advertising revenue slowed but is starting to moderate. Adjusted earnings came in at $9.87 per share, lower than the $10.33 forecast by analysts,
Some experts say that the technology sector is what leads the entire stock market, both up and down. There might be some truth to this, so it behooves traders to pay close attention to the leaders in this vital component of the markets, not to mention their big stock charts. Source: Shutterstock This was evident
Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday. “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
I decided late last week that I wanted to share this positive upside note on Canopy Growth (NYSE:CGC) stock. But doing it after Monday’s 12% spike — and with little of that lost on Tuesday — makes it difficult because I dislike chasing runaway rallies. Regardless, CGC stock is showing life and remains my pick
With the coronavirus from China continuing to affect the United States, should you buy Moderna (NASDAQ:MRNA) stock? As the world searches for a vaccine, scores of biotech firms have thrown their hat in the ring. But what makes this company a strong contender? The key appeal is that Moderna has the first testable vaccine. Yet,
A woman walks in the rain outside the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters I know this sounds strange, but this was a good day for the stock market, even with
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