A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020 in New York City, Spencer Platt | Getty Images When the government releases gross domestic product data on Thursday, it is expected to show an unprecedented contraction of nearly 35% in the second quarter
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Wells Fargo (NYSE:WFC) posted its first quarterly loss since 2008 and cut its quarterly dividend by over 80.4% from 51 cents to 10 cents per share. However, Wells Fargo stock will survive this just fine. I suspect Wells Fargo will restore the dividend after the novel coronavirus recession ends. Source: Martina Badini / Shutterstock.com Moreover,
Sometimes I get asked to write an article and feel like my InvestorPlace colleagues have said everything I can think of saying. That’s the case with Hertz (NYSE:HTZ). The company is in bankruptcy proceedings, yet somehow Hertz stock has become the apple of speculators’ eyes. Source: aureliefrance / Shutterstock.com Because of this interest in Hertz
What more do we need than the thick of earnings season? How about a Fed day? Let’s look at a few top stock trades as the markets continue to wade through what should — and could end up being — some real volatility. Top Stock Trades for Tomorrow No. 1: PayPal (PYPL) PayPal (NASDAQ:PYPL) will
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Advanced Micro Devices, Inc. (AMD) shares rose more than 12% during Wednesday’s session after the semiconductor company reported better-than-expected financial results for the second quarter. Revenue rose 26.1% to $1.93 billion during the quarter, beating consensus estimates by $70 million, and non-GAAP earnings per share came in at 18 cents, beating consensus estimates by one
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images The stock-market debate lately has taken place largely from the extremes. The believers are calling the powerful rebound from the Covid-shock lows a brand-new bull market, with a
Take a look at some of the biggest movers in the premarket: Boeing (BA) – The jet maker reported a quarterly loss of $4.79 per share, wider than the loss of $2.54 anticipated by analysts. Revenue was well below estimates as well – amid the overall slowdown in the aviation industry. Boeing also announced a
Investors seem to have an appetite for airlines. And among those, Delta Airlines (NYSE:DAL) stock is viewed by many as the best of the bunch. Source: NextNewMedia / Shutterstock.com That may be true, but Delta can control as many variables as it can, it still doesn’t mean it’s in control. And that has implications for
Virgin Galactic is giving its customers a first look inside the cabin that will carry them to the edge of space and back, as the space tourism company gets closer to finishing development of its spacecraft. “Every seat is a window seat,” Virgin Galactic design director Jeremy Brown told CNBC about the interior. The cabin’s design
A customer leaves a Sherwin-Williams Co. store Daniel Acker | Bloomberg | Getty Images With one-third of the S&P 500 reporting, there’s a battle shaping up between two stories. One is somewhat bearish: The reopening is slowing, and the second half will not see the V-shaped recovery anticipated at the height of reopening euphoria in
Check out the companies making headlines after the bell: Starbucks — Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion. Analysts surveyed by Refinitiv expected as a loss of
Carnival Corp. (NYSE:CCL) is making intelligent moves in response to novel coronavirus pandemic. The company is selling ships, cutting costs, and streamlining operations, but investors are still skeptical of investing in CCL stock. Source: Ruth Peterkin / Shutterstock.com We are still a long way away from seeing volumes return to pre-pandemic levels. Cruise lines served
It was a choppy, mostly directionless day in the markets as investors gear up for some heavy-hitting earnings reports. With that in mind, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: General Electric (GE) General Electric (NYSE:GE) broke down to new lows in May before reversing higher and
U.S. markets have been stumbling over the past two weeks as a resurgence in COVID-19 cases has forced the re-closings of several states around the country. We are right in the teeth of earnings season, which is expected to be one of the worst on record. Financials led the way last week, and this week
A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
In my previous article, I mentioned how General Electric (NYSE:GE) stock is a bad investment and will continue to be so for the foreseeable future. Since then, not a lot has changed. In fact, things have gotten a tad bit worse, with shares trading at historic lows. Source: Sundry Photography / Shutterstock.com You know things
CNBC’s Jim Cramer urged investors Monday to remain cautious about the length of time it takes to develop a successful coronavirus vaccine, saying that Massachusetts-based biotech firm Moderna may be painting too rosy of a picture. “It’s not a simple case. You don’t just say, ‘Hey, look at this. These people didn’t get Covid over a couple weeks.’
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines after the bell: F5 Networks — Shares of the