Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Fed is not expected to announce any new policy initiatives when its meeting ends Wednesday, but it could provide
Month: April 2020
Stock indices continue to waver as we gear up for some big earnings reports over the next few days. Let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Harley-Davidson (HOG) Harley-Davidson (NYSE:HOG) is making a powerful move on Tuesday, up about 16% at the time of this writing. After
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
Unless you’ve been living in a submarine and cut off from all communications, you know that the markets have tumbled badly due to the novel coronavirus. And with so many publicly traded companies printing red ink, it’s tempting to go contrarian and just consider everything as stocks to buy. Given the wide-scale devastation, though, it’s
The novel coronavirus may be a boon for big box stores. That’s evident as stocks like Walmart (NYSE:WMT), Costco (NASDAQ:COST) and others trade at prices at or above their pre-outbreak highs. But for many retailers and retail stocks, things are not so peachy keen. Many retailers face continued store closing due to being classified as
When the equity markets were in a meltdown mode, Royal Caribbean Cruises (NYSE:RCL) plunged to $19.25. But RCL stock doubled from the lows and trades at $39.47. This has been in line with some respite for the broad markets. Source: Laszlo Halasi / Shutterstock.com At current levels, I believe that it might not make sense
An empty New York City subway car. Preston Rescigno | Getty Images The $3.8 trillion market for funding state and local governments, airports, schools and hospitals faces a test this week as New York City’s transit agency offers bonds to the market for the first time since the coronavirus emptied its subways, trains and buses.
Oil slipping? No worries! The week started off in a decidedly risk-on mood as traders gave a boost to the major stock market indexes. Evidently, they were optimistic that U.S. states would soon re-open after shutdowns related to the novel coronavirus put a damper on the economy. Source: Shutterstock Still, investors might want to exercise
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company’s annual shareholder’s meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire’s vice chairman of non-insurance operations, taking previously submitted questions
Alpha Pro Tech (NYSE:APT) has become one of the top face mask stocks to own. Source: Pavel Kapysh / Shutterstock.com After all, with the U.S. Centers for Disease Control and Prevention advising that everyone should wear a face mask in public, they’ve become a hot commodity. In fact, “under the new recommendation, healthy people are
After Ford (NYSE:F) stock plunged to $4 in late March — to levels not seen since the financial crisis in 2008 to 2009 — the shares have staged a decent rally. In fact, the return on F stock is about 27% from those levels. Source: Proxima Studio / Shutterstock.com However, it’s important to keep in
In a time of pandemic, stocks that are good for their dividend are shelter from the storm. Verizon Communications (NYSE:VZ) stock is such a shelter. Source: Ken Wolter / Shutterstock.com Its first-quarter report offered earnings of $1 per share, and cash flow of $8.8 billion, on revenue of $21.8 billion. That’s more than enough to justify
Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The beverage company’s stock soared 7% in extended trading after Keurig Dr Pepper reported first-quarter earnings.
Bulls continued their momentum from the prior week, again pushing equities higher. With that in mind, here’s a look at a few top stock trades to start the week. Top Stock Trades for Tomorrow No. 1: Alibaba (BABA) After a rebound from the lows, Alibaba (NYSE:BABA) stock has been stagnating over the past two weeks.
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
Everyone in the world is wrestling with the trillion-dollar question: When will the U.S. economy open? It’s a question that is puzzling academics and medical professionals alike, and no one seems to have a definitive answer. Source: BigTunaOnline / Shutterstock.com According to Dr. Anthony Fauci, America’s top infectious disease expert, parts of the country that
Amid the novel coronavirus pandemic, Blue Apron (NYSE:APRN) stock is up 74% year-to-date. I think that the rally is overdone and that the shares of the meal kit deliverer will likely retreat after the company reports its first-quarter results on April 29. Source: Roman Tiraspolsky / Shutterstock.com Blue Apron stock shares will probably fall further
So far, 2020 has been a difficult year for long-term investors in Caterpillar (NYSE:CAT) stock. In 2020, CAT stock is down about 23%. Source: Shutterstock However, that number gives only half the story. On March 12, the shares hit a 52-week low of $87.50. Now they are hovering around $114. In other words, over the past
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images Check out the companies making headlines midday Monday: Las Vegas Sands, Kohl’s, Gap, MGM Resorts — These stocks all rose sharply as hopes
Studying stock charts is important, but monitoring the financial news can give traders an extra edge. Combining technicals and fundamentals is a great way to get a complete picture of how a company is doing. Source: Shutterstock When you’re watching for news items on a specific company, earnings reports are of vital interest. For one
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