People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season, which officially starts Tuesday with JPMorgan and Wells Fargo, is going to be wild — and unpredictable. Here’s why: About 40% of companies are not providing any guidance at all. As a result,
Month: July 2020
OPEC+ production cuts have brought oil prices back from the brink, but the group will have to tread carefully to avoid triggering a new price collapse when it begins to reverse those reductions. The Joint Ministerial Monitoring Committee, which reviews OPEC+ production, meets on Wednesday, and will consider whether the the group should keep 9.6
Give Occidental Petroleum (NYSE:OXY) its due. OXY stock jumped almost 58% in the second quarter as even some of the most battered fossil fuels producers rebounded from their March lows. Source: Pavel Kapysh / Shutterstock.com That rally is in the rearview mirror, and the surge is not an invitation to chase Occidental. As is the
Some 180 companies in the S&P 500 index have pulled their earnings guidance because of novel coronavirus uncertainties limiting the visibility of investors and analysts, the Wall Street Journal reported over the weekend. Source: Shutterstock Goldman Sachs (NYSE:GS), Netflix (NASDAQ:NFLX) and JPMorgan Chase (NYSE:JPM) unofficially kick off earnings season this week. Corporate earnings among companies
In today’s episode of let’s talk stocks, we’re going to cover some technical analysis basics. We’ll talk about the double bottom stock chart pattern, which is a reversal pattern. We’re going to take a look at what the pattern looks like and how to recognize it, it’s previous trend, as well as the volume, projection
Money management is one of the most important (and least understood) aspects of trading. Many traders, for instance, enter a trade without any kind of exit strategy and are often more likely to take premature profits or, worse, run losses. Traders should understand what exits are available to them and attempt to create an exit strategy that
One of my favorite growth stocks over the past several years has been Adobe (NASDAQ:ADBE) stock. Source: r.classen / Shutterstock.com Indeed, I like Adobe so much that back in early 2019, I included the stock as one of my five favorite stocks to buy for the long-term when I coined the acronym STARS – which
A view of the charging Bull with a woman in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Check out the companies making headlines before the bell: Intersect ENT (XENT), Medtronic (MDT) — Shares of Intersect ENT popped 35% after Bloomberg News reported Medtronic has made an
The good news for Carnival (NYSE:CCL) is that the company’s stock is 80% higher since bottoming out at just under $8 in March. However, the bad news for CCL stock is that it’s still down over 70% since the first of the year. Source: Ruth Peterkin / Shutterstock.com For most of the last three months,
Thursday was a wild day on Wall Street, with some stocks flying and others dying. And with so much variation between sector performance, it’s increasingly becoming a market of haves and have-nots. So, whether you’re happy with your portfolio this week very much depends on where you have exposure. Therefore, let’s take a look at
Costco store in Teterboro, New Jersey. SOPA Images | LightRocket | Getty Images How to pinpoint top stocks primed to outperform during this uncertain time? Here are a few of the names the best-performing Wall Street analysts are betting on right now. As we move into the second half of the year, it could make
Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy, according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month
As of June 29, Beijing-based coffee retailer Luckin Coffee (OTCMKTS:LKNCY) got delisted from the NASDAQ Exchange. Now, Luckin stock is a penny stock that may also be a bankruptcy-candidate. Source: Keitma / Shutterstock.com There has recently been increased day trading interest in shares of potentially bankrupt companies, such as Hertz Global (NYSE:HTZ), JCPenney (OTCMKTS:JCPNQ), and Whiting Petroleum (NYSE:WLL).
As one of the world’s biggest providers of computers, network servers, and related products and services, Dell Technologies Inc. competes with a range of giant technology companies, including HP Inc., Hewlett-Packard Enterprise Group, Lenovo Group Ltd., IBM Corp., and Apple Inc. After putting up billions of dollars of his own money to take the company
If you’ve restricted yourself to domestic stocks, then you could be missing out on the virtually unstoppable growth of a massive and successful Chinese company. I’m referring to Alibaba (NYSE:BABA), the e-commerce giant, as the momentum in Alibaba stock isn’t likely to slow down. Source: testing / Shutterstock.com Of course, a black-swan event such as
Check out the companies making headlines before the bell Thursday: Walgreens Boots Alliance (WBA) — The pharmacy operator fell more than 3% in the premarket on weaker-than-expected results for its fiscal third quarter. Walgreens reported earnings per share of 83 cents, well below a FactSet estimate of $1.19 per share. The company’s fiscal-year earnings guidance
Carnival’s (NYSE: CCL) fiscal second-quarter earnings fell short of investor expectations by a wide margin. Analysts, on average, were expecting a net loss of $1.76 per share on $737.8 million of revenue. On June 18, Carnival reported a net loss of $3.30 per share on $700 million of revenue. Since the announcement CCL stock has shed
Fastly (NYSE:FSLY) appears to be revolutionizing internet content delivery. Moreover, it has already landed multiple rapidly growing companies as customers, and I believe that it can successfully move into new, related sectors. As a I result, I believe that FSLY stock is worth buying at this point, despite its huge gains in recent months and
A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism — a company with poor operating history, horrible corporate governance, underperforming stock, overpaid CEO and a large, long-term shareholder with a very friendly and reasonable request with impressive
Traders work on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, February 25, 2020. Lucas Jackson | Reuters Check out the companies making headlines before the bell Friday: United Airlines (UAL) — The airline reached a deal with a pilot union
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