A Redfin Corp. ‘For Sale’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell: Marathon Oil — The oil company’s stock climbed 1% in extended trading after falling 7.05% earlier Thursday. Oil dropped 3% during the day amid concerns over rising
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Normally, companies declare bankruptcy, their stocks plummet and shareholders get wiped out. But car rental company Hertz (NYSE:HTZ) refused to go out like that. More specifically, speculators betting on an impossible turnaround refused to let Hertz stock go out without a bang. Source: Eric Glenn/Shutterstock.com In the weeks after Hertz filed for bankruptcy in late
It was a volatile session in the stock market on Thursday, although bulls repaired some of the damage that stocks observed in the morning. With that in mind, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Roku (ROKU) This is a somewhat loaded Top Stock Trades, starting with
Are any fans of Billy Joel’s “We Didn’t Start the Fire” reading this? It sure seems like we entered a new decade and immediately ushered in a modern-day rendition of the contemporary hit. Novel coronavirus cases continue to rise. Flying snakes are in the news. Kanye West just entered the upcoming presidential race. It’s certainly
Wells Fargo is raising the bar for new customers to get a popular mortgage product, CNBC has learned exclusively. The bank is now requiring new clients to bring at least $1 million in balances if they want to refinance a jumbo mortgage, up from a previous level of $250,000, according to people with knowledge of
You’ve heard about the trade war with China. There may be a separate, potential “financial war” brewing. The Securities and Exchange Commission wants you to know more about what is happening with Chinese companies that list in the United States. The regulators also want you to know that they are having a really hard time
A Harvard University graduate wears a mask on campus. Craig F. Walker/The Boston Globe via Getty Images Municipal bonds outperformed Treasurys in June and they could continue to see good demand this summer, even as the pandemic limits economic activity and strains state budgets. The muni market was hit hard during the market collapse in
Looking strictly at the numbers, DraftKings (NASDAQ:DKNG) is one of the most successful stocks of 2020. DraftKings stock is up more than 200% so far this year, even factoring in a recent pullback. Source: Lori Butcher / Shutterstock.com Much of the optimism about DraftKings, of course, revolves around professional and college sports. After a spring
Demand elasticity is an economic measure of the sensitivity of demand relative to a change in another variable. The quantity demanded of a good or service depends on multiple factors, such as price, income and preference. Whenever there is a change in these variables, it causes a change in the quantity demanded of the good
After peaking at over $40, fears of the rapidly spreading coronavirus across the United States sent Southwest Airlines (NYSE:LUV) sharply lower. Increasing selling pressure may send LUV stock back to its 52-week low of $22.47. Source: Carlos E. Santa Maria / Shutterstock.com But that isn’t necessarily too much for the carrier to overcome. After all,
Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
Shoppers walk past a Bed Bath & Beyond store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Bed Bath & Beyond — The home goods retailer’s stock fell 11% in extended trading after the company released its first-quarter financial results. Bed Bath & Beyond reported a
For some time — and especially over the last several weeks — I’ve been warning investors not to touch Chesapeake Energy (OTCMKTS:CHKAQ). Laden with unsustainable debt combined with the oil demand destruction brought on by the novel coronavirus, the equity share formerly known as CHK stock tumbled on the news that the embattled energy company
It was a quiet session on Wednesday, as investors search for direction shortly ahead of earnings season. With that in mind, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Twitter (TWTR) Shares of Twitter (NYSE:TWTR) were burning higher, ripping higher by more than 10% before backing
Massive industrial conglomerate General Electric (NYSE:GE) has been through a number of dynasties, each marked by a CEO with a unique vision. The price of GE stock has reflected these vicissitudes, sometimes with gains and other times with gut-wrenching losses. Source: JPstock/Shutterstock.com Current CEO Larry Culp’s tenure, while not a new development anymore, is still
A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
Just a few months ago, the fundamental case for DraftKings (NASDAQ:DKNG) was undeniably credible. As you know, fantasy sports have taken on a whole new meaning since its inception. No longer associated with the nerd subculture, the institution of fantasy sports has gone mainstream. Thus, the idea of buying into DraftKings stock was inherently logical.
The main stimulus for small businesses in the CARES Act is the Paycheck Protection Program (PPP). The $659 billion funded under the Small Business Administration (SBA)—Business Loans Program Account is intended to provide loans to businesses to guarantee eight weeks of payroll and other costs to help those businesses remain viable and allow their workers
If a bigger pullback is unfolding in this over-valued market, now is the time to plan your big dip buys.