The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters With one-third of S&P 500 companies declining to provide guidance, picking winners and losers has become a very delicate business. How
Month: May 2020
Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after Lyft reported first-quarter earnings. The company reported 21.2 million active riders in the first quarter, a
It’s a busy earnings seasons for high-growth stocks and that continues after the close. That said, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: PayPal (PYPL) PayPal (NASDAQ:PYPL) earnings are due up after the close, and man, this one has been strong. Shares have climbed
DoorDash Palantir Robinhood Asana Instacart New initial public offerings (IPOs) are one of the best ways investors can strike “gold” in the stock market. That’s because these freshly public companies represent the next generation of world-changing businesses in the first innings of their long-term growth narratives. Sure, many of them don’t pan out as expected.
On Saturday, Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) had its annual meeting. From it, we learned that Warren Buffett’s company had sold all its positions in the airline industry. In doing so, it liquidated billions of dollars of stock. Those sales included Berkshire’s formerly large position in American Airlines (NYSE:AAL) stock. Source: GagliardiPhotography / Shutterstock.com In case
CNBC’s Jim Cramer said Wednesday that investors cannot ignore the rising popularity of plant-based meat products. “This movement is happening. You’ve got to get on the bus or … get left behind,” Cramer said on “Squawk on the Street.” Cramer acknowledged there are not huge sales just yet for a company like Beyond Meat, which after-the-bell Tuesday
Private sector payroll data shows more than 20 million jobs were lost in April and Friday’s government report is expected to be a million more, but the more important numbers will show up in Thursday’s report on how many Americans are still filing unemployment claims. No numbers have shown the economic pain the coronavirus shutdowns
Among the news headlines on Tuesday was a 16% jump in the West Texas Intermediate per-barrel oil price. This development seemed to provide an emotional boost to the entire stock market, as we’ll see in today’s big stock charts. Source: Shutterstock It was the fifth consecutive day of positive oil price moves. What’s behind the
Transferring a balance from a higher-interest credit card to a lower-interest one can be a great way to save money and get out of debt faster. It can also be a great way to get into even more debt and make a bad financial situation worse. Even more confusing: a promotional balance-transfer offer can heighten
When 3M Company (NYSE:MMM) posted strong earnings and revenue growth, the stock lost buying momentum. MMM stock is still highly correlated to the S&P 500, offering investors limited diversification against the broader market. Source: r.classen / Shutterstock.com So, should investors buy the stock on expectations of strong respirator and mask sales in 2020? The novel
Price is what something costs. The value of something is what others are willing to pay. With that in mind, the premise behind Ocugen (NASDAQ:OCGN) stock appears to be one of value. The biotechnology sector is notoriously volatile. Many startups never make it to a public offering. And even some startups fail. Source: Shutterstock However,
Naguib Sawiris, billionaire and chairman of Orascom Investment Holding. Sima Diab | Bloomberg | Getty Images Egyptian billionaire Naguib Sawiris says he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all its airline stocks at the firm’s annual meeting on Saturday. Sawiris, chairman and CEO of Orascom Investment
Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Walt Disney — The entertainment giant’s stock was down 2% in extended trading after the company reported its second-quarter financial results. Disney reported a 58% drop in sales from parks and cruises, which was the
Bulls keep bidding up stocks, as investors look to ride more gains in the face of the novel coronavirus. With that in mind, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Activision Blizzard (ATVI) Activision Blizzard (NASDAQ:ATVI) is set to report earnings on Tuesday after the
Thanks mostly to the novel coronavirus pandemic, digital education giant Chegg (NYSE:CHGG) reported outstanding first-quarter numbers in early May as students pivoted in bulk towards online learning platforms. In response to the blowout earnings report, CHGG stock popped more than 30% to all time highs near $60. Source: Casimiro PT / Shutterstock.com Readers of mine
With the devastation that the novel coronavirus imposed on the oil and gas industry, it’s a wonder that Halliburton (NYSE:HAL) was able to score any positives from its otherwise ugly first quarter 2020 earnings report. On an adjusted basis, the company delivered earnings per share of 31 cents. This beat the consensus target of 24
Many companies are being hurt by social distancing safety rules due to the coronavirus and investors may want to reevaluate whether to own their stocks, CNBC’s Jim Cramer said Tuesday. “Social distancing is going to be the answer why you have to sell certain stocks,” Cramer said. For companies that need to invest heavily to help
Oil prices are rising as producers cut output and investors bet the American consumer will help drive the industry out of its demand crisis as the U.S. economy reopens. West Texas Intermediate oil futures for June rose 20.5% Tuesday, in a fifth-straight day of gains for the first time since July. WTI was up $4.17
Download Stig & Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Subscribe to The Investors Podcast on iTunes: https://itunes.apple.com/us/podcast/the-investors-podcast/id928933489 Subscribe to The Investor Podcast on Stitcher: http://www.stitcher.com/podcast/theinvestorspodcast/the-investors-podcast?refid=stpr Subscribe to The Investor Podcast on SoundCloud: https://soundcloud.com/theinvestorspodcast Have a question? Get your voice heard on the show: http://www.theinvestorspodcast.com/get-on-the-show.html In this second part episode, Preston and
Kevin Matras talks about using out-of-the-money options for long shot, or “lottery ticket”, trades.