Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
Month: May 2020
Stocks slumped again on Friday amid a batch of disappointing earnings reports from some of the largest companies in the S&P 500, potentially giving credibility to the old Wall Street maxim of “sell in May and go away.” Source: Provided by Finviz The S&P 500 declined 2.79%. The Dow Jones Industrial Average lost 2.53% The Nasdaq
Editor’s note: “3M Stock Remains an Attractive Defensive Play” was previously published in March 20. It is regularly updated to include the most relevant information. Source: r.classen / Shutterstock.com With its shares rebounding more than 30% from their 52-week lows, is 3M (NYSE:MMM) stock a buy? March’s market maelstrom made blue-chip names like this industrial
In 2020, investing in the travel sector in general and cruise companies in particular has produced losses for shareholders. Today I’m evaluating Carnival (NYSE:CCL) stock. Year-to-date, CCL stock is down an eye-popping 73%. Source: Ruth Peterkin / Shutterstock.com Carnival’s shares are dual-listed both in the U.S. and the U.K. In fact, it is the only company
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
Yes, the markets are roaring back and even first-quarter earnings are looking better than expected. But even as businesses open up and the novel coronavirus fades, we’re not headed back to normalcy quickly. It’s going to take a while. Also, all measures of performance are in an odd spot. How do you calculate what good
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images April’s 12% rally in the S&P 500 has been based largely on hopes for a reopening of the U.S. economy, but if you want to know how fragile the reopening may
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also
Going shopping at your favorite retail outlets can be enjoyable, though it’s usually not profitable. Shopping for bargains in the retail niche can be highly lucrative, however, if done correctly. Source: Shutterstock Due to the spread of the novel coronavirus, the brick-and-mortar retail sector has struggled lately. Stay-at-home mandates have presented persistent fiscal issues for
As the novel coronavirus pandemic impacts economic activity and consumer sentiment, it’s about survival for companies in several sectors. In particular, sectors like energy, airline, cruising and tourism are severely impacted. Carnival (NYSE:CCL) stock has witness significant correction in the current year with the cruising activity almost coming to a halt Source: Ruth Peterkin /
Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the
To put it delicately, the oil mayhem is dominating the oil market this year, taking equities such as BP (NYSE:BP) along for the ride. BP stock is lower by 37% year-to-date as the United States Brent Oil Fund (NYSEARCA:BNO) – much of the company’s output is priced in Brent – is off a staggering 70%.
If you got into Exxon Mobil (NYSE:XOM) on March 16, you are seeing a great bargain. That was when XOM stock dropped to its low of under $33 per share. It will open May at $46.47. It just announced the 87-cent per share dividend will remain (for now). Source: Harry Green / Shutterstock.com If you
Caution tape is seen at a subway train on April 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Squeezed by a lack of ridership, the authority that runs New York City’s subways and buses may go to the Federal Reserve for a loan. The Metropolitan Transportation Authority on Tuesday delayed a
There are still some big earnings reports left for Thursday evening and Friday morning, as investors look for clarity heading into the weekend. With that in mind, here’s a look at a few top stock trades now. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN) Amazon (NASDAQ:AMZN) has been trading very bullishly over the