After selling off in the past few months, is it time for XpresSpa (NASDAQ:XSPA) stock to make a comeback? Source: Maridav / Shutterstock XpresSpa stock soared after its move into the airport testing business on the heels of the novel coronavirus. But, despite taking the old adage, “when life gives you lemons, you make lemonade,”
Month: October 2020
Industrial stocks continue to claw back their losses, although the sector has not been as robust as some other areas of the market. The sector is still 10.6% below its prior 2020 highs. Those were set in the first quarter of the year, before the novel coronavirus rattled the market. For what it’s worth, that’s
Facebook (NASDAQ:FB) stock dropped sharply in late October after the social media giant reported third-quarter numbers that smashed user, revenue and profit expectations, broadly underscored a rapid recovery in ad spending trends and included a healthy fourth quarter guide. Source: Ink Drop / Shutterstock.com What gives? Widespread market irrationality. The market freaked out on the
Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16
The once-mighty General Electric (NYSE:GE) has fallen on such horrific times that one has to wonder whether the company and GE stock will ever look as robust they did a generation ago. And I mean, ever. Source: Sergey Kohl / Shutterstock.com While so many other investments have fully bounced back from their novel coronavirus funk
BP (NYSE:BP) has released a litany of bad news, including dividend cuts, massive operating losses, and a controversial change in its business strategy going forward. The oil and gas giant recently reached its lowest point in more than 25 years. Investors in BP stock have gotten drilled. Source: AVM Images / Shutterstock.com With all that in
The long-term bulls in Square (NYSE:SQ) are finally seeing their investments pay off. Square stock has taken its time, but 2020 has been a robust year for shares. (The stock is up 168% so far).Over the past year, the stock is up roughly the same amount. Source: IgorGolovniov / Shutterstock.com Some say the stock has
Twitter (NYSE:TWTR) stock plunged by more than 20% in late October after the social media company reported third-quarter numbers that — while ostensibly very strong — didn’t quite live up to supercharged investor expectations. Twitter stock had, after all, surged more than 60% year-to-date heading into the print. Source: Worawee Meepian / Shutterstock.com Plenty of
Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s
Check out the companies making headlines in midday trading. Twitter – Shares dropped more than 20% after the social media company reported user growth that fell short of expectations amid heightened scrutiny and the challenge of handling posts around the U.S. election. Twitter ad revenue grew 15% year over year to $808 million, but the company
With the awful impact of the novel coronavirus pandemic, the oil industry — let alone individual names like Exxon Mobil (NYSE:XOM) — faces a steep uphill battle. Not only that, the sector is in a knife fight, one in which it will survive. However, it will not emerge unscathed. But figuring out which companies will
Stocks that deliver monthly income aren’t that common. Many energy master limited partnerships (MLPs) were monthly dividend payers, but those days are over. And even the best of them aren’t a very good pick right now. That makes finding the best monthly dividend stocks a challenge. But some stocks still do deliver monthly income that
Tesla (NASDAQ:TSLA) isn’t giving the bears what they want, which is a collapse into oblivion. And while TSLA stock has been volatile, the past year has really been one giant victory lap for the bulls. Source: Grisha Bruev / Shutterstock.com At its highs, Tesla stock commanded a market capitalization in excess of $450 billion. That
Since late September, Nokia (NYSE:NOK) stoke was gaining some momentum, with the share price going from $5 to $6. But on the news of NOK stock and its third quarter results, the gains have been wiped out. The shares are off about 18% or so. Source: rafapress / Shutterstock.com This pattern is typical for Nokia.
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil reported its third straight quarter of losses on Friday as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter the company lost $680 million, although Exxon said results improved on a
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images The best hope for markets in the week ahead is that there is a clear cut winner in Tuesday’s presidential election. The election looms large as the biggest wild card
Some investors are attracted to Chinese beverage chain Luckin Coffee (OTCMKTS:LKNCY) like moths are drawn to a bright light at midnight. Investors should know better, though, and resist spending their money on shares of Luckin stock before they get burned by the hot bulb of reality. Source: Robert Way / Shutterstock.com Luckin thinks of itself
Energy Transfer LP (NYSE:ET) used to have an outsized yield. It had been paying a 30.5 cents quarterly dividend ever since the first quarter of 2018, giving Energy Transfer stock a whopping 19.7% dividend yield. But on Oct. 27 management announced a 50% cut in the quarterly dividend to 15.25 cents. Source: Casimiro PT / Shutterstock.com
Presidents get a lot of the blame, and take a lot of the credit, for the performance of the stock market while they are in office. However, the truth is that the president’s ability to impact the economy and markets is generally indirect and marginal. It’s Congress that sets tax rates, passes spending bills, and
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