Few investors have the power to move market sectors like Warren Buffett. The famed Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) CEO relinquished his entire holdings of several airline stocks recently. The next thing you know, those stocks started declining. And we’re looking at some of their big stock charts today. Source: Shutterstock Buffett’s a soft-spoken and folksy investing
Month: May 2020
Key Takeaways Earnings fell enormously due to investment losses form the COVID-19 bear market. Revenue was slightly below expectations Return on investment fell as earnings were dragged down by stock losses. What Happened Berkshire Hathaway reported earnings on May 2, and the COVID-19 stock crash weighed heavily on them. Net earnings were a record -$49.8
It’s safe to say the cruise line continues to face trouble. The novel coronavirus could have long-lasting affects for the industry. However, Carnival (NYSE:CCL) stock may already be fully “priced for disaster.” Shares have rebounded off their March lows. But the stock still trades for less than one-third of where it was when the outbreak
It’s been a year since the irrational exuberance related to cannabis stocks was replaced by caution and reality check. Over the one-year period, Tilray (NASDAQ:TLRY) stock plummeted by 85%. Source: Jarretera / Shutterstock.com The stock decline is a reflection of multiple industry headwinds coupled with weakening company fundamentals. Even at current levels of $7.50, I
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
Chevron (NYSE:CVX) produced significant cash flow during Q1, covering its dividend, just like it said it would last month. As a result, CVX stock has an attractive 5.8% dividend yield. It is worth at least 40% more than its price today, mainly because the energy multi-national is going to continue paying its dividend. Last month
Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Check out the companies making headlines after the bell. Shake Shack — The burger chain’s stock whipsawed in extended trading after the company provided its first-quarter earnings. Shake Shack said it had earnings of 2 cents per share excluding some items on revenue of $143.2 million, while
After a rocky start, many equities bounced off the morning lows on Monday. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: American Airlines (AAL) American Airlines (NASDAQ:AAL) and its peers came under heavy pressure on Monday. That’s as Warren Buffett says he
World-class metals miner Newmont (NYSE:NEM) is an undisputed leader in the market. Holding physical metals is fine, but it isn’t always possible or convenient in trading and retirement accounts. NEM stock provides exposure to gold prices to metal-hungry investors. It’s also just a solid company. Source: Piotr Swat/Shutterstock Looking at the progress of the NEM stock
Online homemade goods retailer Etsy (NASDAQ:ETSY) is set to report first-quarter earnings after the bell on Wednesday, May 6. While those numbers should be quite good, investors should be cautious with ETSY stock ahead of earnings. Source: quietbits / Shutterstock.com Why? Because Etsy stock is already priced for perfect. Yes, Etsy will deliver both blockbuster
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be
Customers are seen at Puckett’s Grocery & Restaurant on April 27, 2020 in Franklin, Tennessee. Tennessee is one of the first states to reopen restaurants after the onset of the coronavirus (COVID-19). Jason Kempin | Getty Images Never before has the U.S. fallen into a recession led by the services sector, so there is no
Some days are hot, some days are not. That’s the ebb and flow of trading in the stock market, and the charts can help us to navigate both the good days and the not-so-good ones. Source: Shutterstock As the trading week ended on Friday with downward pressure on many stocks, it might have felt like
PepsiCo, Inc. (PEP) beat bottom-line estimates when it reported results on April 26, but the stock stayed below its semiannual pivot at $137.81. The stock subsequently fell below its quarterly pivot at $135.03 and its quarterly pivot at $135.03, but it held its 50-day simple moving average (SMA) at 129.40. PepsiCo shares closed last week
Is it finally time to start thinking about a position in the airlines? With the country talking about steps to reopen, beaten down stocks are making a rebound, like Delta Air Lines (NYSE:DAL). DAL stock jumped over 12% on April 29 as airlines, cruise companies and more start to rebound. Source: Markus Mainka / Shutterstock.com
To no one’s surprise, toymaker Mattel (NASDAQ:MAT) was one of the worst-hit names amid the novel coronavirus-fueled market fallout. Even after jumping up from this year’s bottom, MAT stock has dropped more than 38% since January’s opening price. Source: Shutterstock And while some contrarians have suggested that this bearish phase is a perfect opportunity to
A stylist wearing a protective mask cuts a customer’s hair at a barbershop in Atlanta, Georgia, on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images When the coronavirus crisis, or at least the worst of it, passes, the U.S. economy will still be big — the biggest in the world, with any threat
The difference between Royal Dutch Shell and Exxon Mobil (NYSE:XOM) is that Shell knows it’s a zombie, something Exxon refuses to believe. Regardless of whether you trade the Dutch version of Shell stock (NYSE:RDS.A) or the British version (NYSE:RDS.B), you’re buying an fossil fuel company that is now promising to disappear. Source: JuliusKielaitis / Shutterstock.com Shell
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.70 per share, larger than the $1.61 per share predicted by Wall Street analysts, with revenue also below estimates. Boeing also announced plans to cut commercial jet production rates as well as reduce payroll. General Electric (GE) –
Despite the robust after-hours reaction on Wednesday, bulls had a frustrating session in the stock market today. Microsoft (NASDAQ:MSFT), Qualcomm (NASDAQ:QCOM), Facebook (NASDAQ:FB) and Tesla (NASDAQ:TSLA) all traded higher in Wednesday’s after-hours session. While some reactions were only mildly higher — like MSFT and QCOM — others were higher by 8% to 10%. That gave