Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic. “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
Month: May 2020
On April 29, Exxon (NYSE:XOM) declared its regular 87 cents per share dividend. This makes Exxon Mobil stock very attractive with its annualized 7.8% dividend yield at today’s price. Source: Shutterstock Last month I wrote about the dividend and whether Exxon had the ability to continue to pay it. I suggested that Exxon could afford
A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters A $2.25 billion United Airlines debt offering failed last week, but that does not signal trouble for others in the corporate debt market where the
Stocks started off lower on the day, but turned positive and continued higher on Monday as bulls keep pushing up equity prices. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) When I said Nvidia (NASDAQ:NVDA) was a steal at $200,
[Editor’s note: “Microsoft Stock Remains a Safe Buy in Today’s Uncertain Market” was originally published on April 12. It is regularly updated to include the most relevant information.] Source: The Art of Pics / Shutterstock.com Microsoft (NASDAQ:MSFT) has shown great strength in light of the novel coronavirus. As seen from last month’s earnings report, growth
Marathon Oil (NYSE:MRO) just cut its dividend during its first-quarter earnings announcement on May 6. That is not good for MRO stock in the long run. I was wrong about this — I thought that it had enough cash flow to cover the dividend. Source: IgorGolovniov / Shutterstock.com Marathon Oil said it was temporarily suspending
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained for another year. “If a year from now, we are still in the same
A worker examines cannabis plants at a Tilray farm. Source: Tilray Check out the companies making headlines after the bell. Novavax — The vaccine company’s stock skyrocketed 37% in extended trading after Novavax highlighted an outside investment of $388 million to advance the clinical development of its coronavirus vaccine candidate in its first-quarter earnings release. The
The stock market can be a real mystery sometimes. Friday’s price action was a perfect example of this as overall market sentiment was bullish despite the dismal jobs data. Source: Shutterstock Mostly because of the economic damage caused by the spread of the novel coronavirus, April of 2020 will be remembered as America’s fastest monthly
When purchasing shares of a security, there are two key dates involved in the transaction. The first is the trade date, which marks the day an investor places the buy order in the market or on an exchange. The second is the settlement date, which marks the date and time the legal transfer of shares is actually executed
We’re in the midst of a crisis, and I’m not talking about the novel coronavirus pandemic. Cash is under assault, so investors should take care to guard their investment portfolios. Beyond social distancing and mask-wearing, Covid-19 is forcing people to develop new consumption habits, but the economic medicine governments are doling out is killing cash.
It’s a bit unusual for someone at the corporate level of a large-cap company to predict a stock’s low point during a crisis. That’s precisely what’s happening, however, in the case of JetBlue Airways (NASDAQ:JBLU) stock. Source: Roman Tiraspolsky / Shutterstock.com Calling stock-price bottoms is usually best left to qualified financial analysts (and, of course,
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard
Take a look at some of the biggest movers in the premarket: Raytheon Technologies (RTX) – The defense contractor reported quarterly profit of $1.78 per share, beating the consensus estimate of $1.22 a share. Revenue also beat forecasts and Raytheon said it would not provide a financial outlook at this time due to pandemic-related uncertainty.
Equities tried to push higher on Wednesday, with bulls hoping to erase the late-session selloff on Tuesday. However, it was a tricky session in the stock market today. The S&P 500 ended down 0.7%. The index first opened higher on the day, reversed and took out Tuesday’s low. It closed near session lows. The back
For years, precious metals mining companies like Newmont (NYSE:NEM) and Barrick Gold (NYSE:GOLD) floundered in relative obscurity. Following the bubble bursting in the commodities sector early last decade, miners found themselves out of favor with the broader market cycle. Simply, with enthusiasm returning to equities following the Great Recession, NEM stock appeared anachronistic to Wall
Ford (NYSE:F) has been obliterated amid the novel coronavirus outbreak. From peak to trough, F stock fell more than 57%. While shares have bounced about 25% from the lows, that lags the broader market and still leaves Ford shares down more than 47% from its 2020 high. Source: Proxima Studio / Shutterstock.com That sounds like
A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images The number of workers who continued to collect unemployment benefits rose to a greater-than-expected 22.6 million, reinforcing economists’ estimates
The weekly jobless claims report showed that another 3.2 million Americans filed for unemployment this week. Despite that figure, bulls saw another rally in the stock market today. At one point, the S&P 500 rallied almost 2% on the day, before backing off the highs. That’s likely as investors reduce exposure ahead of the monthly
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