Airline stocks have been in news with the industry among the worst hit due to the crisis triggered by the novel coronavirus. With most airline stocks plunging, there is ample discussion on value buys in the industry. American Airlines (NASDAQ:AAL) stock has declined by 64% from fiscal year 2020 highs and currently trades at $11.
Month: April 2020
The Coca-Cola Co. (NYSE:KO) celebrated its centennial as a member of the New York Stock Exchange last year. It’s still going strong, with the KO stock price currently sitting just below the mid-point of its 52-week range. Source: Fotazdymak / Shutterstock.com The company beat earnings estimates by almost 17% on April 21. CEO James Quincey’s
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker reported quarterly earnings of $1.75 per share, beating the $1.48 a share consensus estimate. Revenue was also above Street forecasts. Lilly’s worldwide revenue was boosted by $250 million due to Covid-19, but the company said the virus
Every trading session tells a different story. The story being told on Wednesday was that the market is quite relieved to see oil starting to bounce back. Source: Shutterstock Traders were also optimistic that the U.S. government would provide much-needed relief for small businesses. These considerations seemed to be more important than corporate earnings reports,
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor Howard Marks said there is a sharp disconnect between the stock market and the reality the world is facing amid the coronavirus outbreak. “We’re only down 15% from the all-time high of Feb. 19,” Marks, co-founder of Oaktree Capital Management, on CNBC’s “Halftime
In times of volatility, smart investors are looking for bellwether investments that will stand the test of time. During recessions and calamities, people tend to move away from sexy fly-by-night operations, preferring companies with solid fundamentals instead. One such company is Microsoft (NASDAQ:MSFT). Microsoft stock has the performance investors are looking for in these trying
About a year ago, Marathon Oil (NYSE:MRO) stock was trading at about $19. But even before the novel coronavirus severely impacted the world economy, the share price was already eroding. Although, during the past few months, the bear move has certainly accelerated. Note that MRO stock is now trading around $4.50. Source: Casimiro PT /
CSX freight lines run through center city Philadelphia Paul Marotta | Getty Images Check out the companies making headlines after the bell. CSX — The transportation company’s stock rose 2% in extended trading after the company reported first-quarter earnings. CSK reported earnings of $1.00 per share, while analysts expected 94 cents per share, according to
Social media and airline stocks dominated the market on Wednesday. Let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Snap (SNAP) Investors have been worried about digital ad revenue, but those fears are quickly alleviating after the earnings report from Snap (NYSE:SNAP). Shares ripped higher by
An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
Ride-hailing giant Lyft (NASDAQ:LYFT) has seen its stock price tank over the past few months as the novel coronavirus pandemic has kept consumers across the globe cooped up in their homes, and killed the travel and mobility markets. Source: Jonathan Weiss / Shutterstock.com That said, LYFT stock has fallen more than 40% from its February
Presently, the oil market is giving you a case of good news and bad news, depending on your perspective. If you’re in the market to buying a new or used car, you’re living a charmed life. On the other hand, if you’re deeply invested in oil firms like BP (NYSE:BP), you should consider an exit
What is a call option? You might have heard about option contracts in the past. There are calls and puts. When you’re buying a call, it means you’re looking for the stock to go to the upside, which is a bullish outlook. You can also sell a call, which means you’re looking for the stock
Here is what investors need to know before investing in Oil ETFs. (USO, DBO, USL)
An oil well owned and operated by Apache Corporation in the Permian Basin, viewed on February 5, 2015 in Garden City, Texas. Spencer Platt | Getty Images The U.S. oil industry reacted to cratering oil prices by cutting production by 900,000 barrels a day in just a month in what appears to be the biggest
Stocks stumbled again Tuesday as the ongoing decline in the oil pitch, coupled with fears a new coronavirus stimulus package will prove inadequate in bolstering the economy, served confirmation that a recession is setting in. Source: Provided by Finviz The S&P 500 lost 3.07% The Dow Jones Industrial Average declined 2.67% The Nasdaq Composite gave up
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday. It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand. On Monday, the May contract
Shares of Uber (NYSE:UBER) stock have naturally plunged over the past few months as the novel coronavirus pandemic has brought the global ride-hailing market to screeching halt. In short, thanks to the coronavirus outbreak, consumers across the globe aren’t leaving their homes right now — let alone traveling or hopping into a stranger’s car. Source:
Never short on scandals and controversies, Uber Technologies (NYSE:UBER) may not warm most people’s hearts. However, it’s undeniable that the company revolutionized the concept of ride sharing. A cost-effective means of bypassing the traditional taxi service, the innovative platform has found rapid adoption, especially among younger adults. It’s also provided valuable services across multiple demographics,
Tim Boyle | Bloomberg | Getty Images Check out the companies making headlines after the bell. Snap — The social media platform’s shares skyrocketed 18% in extended trading after the company reported strong first-quarter revenue. Snap said it had revenue of $462 million in the first quarter, while analysts polled by Refinitiv anticipated $430 million. “Snapchat
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