Stocks ended the week on modest gains, as bulls turn their attention to next week’s earnings report. With that in mind, let’s look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Amazon (AMZN) Amazon (NASDAQ:AMZN) has been on a tear from the March lows. Even after the latest
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Bank of America (NYSE:BAC) reported second quarter earnings in mid-July that largely failed to impress. While the bank beat on the top and bottom lines, revenues fell 3% year-over-year, the efficiency ratio rose 3 points, pre-provision profits fell 9%, net interest income dropped 11% and net profits plunged more than 50% as the bank built
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv. Revenue: $22 billion, a 5.3%
A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters It doesn’t look like Wall Street is going back to work in any great numbers, at least any time soon. That seems to be the message from major money center banks
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | Reuters Investors are braced for a barrage of earnings news, and the debate in Washington around the next stimulus package may also be an important catalyst for markets since it has implications for
Fund managers have a secret ingredient to deliver steady gains in client portfolios. UnitedHealth (NYSE:UNH) is the country’s dominant health insurance company. Over the last five years UNH stock has risen nearly 30% per year, its dividend rising from 50 cents to $1.25 per quarter. That’s about 50% better than the average Nasdaq stock. Source:
It’s no surprise Penn National (NASDAQ:PENN) stock has held onto its epic gains from the past few months. With its casinos coming out of lockdown, investors are still itching to wager on a rapid recovery. But, more importantly, Penn’s sports wagering catalyst (its partnership with Barstool Sports) stands to move the needle, if the NFL
Rising demand for lithium from Tesla and other electric car makers is sending the lithium ETF higher (TSLA, LIT). Tesla: https://www.zacks.com/stock/quote/TSLA?cid=CS-YOUTUBE-FT-VID Global X Lithium ETF: https://www.zacks.com/funds/etf/LIT/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Let’s face it: Getting dental work done can be really expensive. Even the most basic cleaning can put a dent in your pocketbook. Having comprehensive dental insurance may mean the difference between putting off important oral healthcare or living with gum problems or a mouthful of cavities. However, because of the way certain policies are
One of the relics of the global financial crisis is that the notion of long-term stocks was dead. Back then, many experts said investors needed to become more nimble going forward or risk being exposed when the next crisis hit. Thing is from the March 10, 2009, market bottom through July 10, 2020, the SPDR
James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.12 a
People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items. Stephanie Keith | Getty Images Consumers went shopping in June,
A well-diversified portfolio is one that’s spread across asset classes. Within the equities segment, portfolio diversification can be in terms of high growth stocks and dividend stocks. In general, companies with robust cash flows and steady growth in dividends are from mature industries. These dividend stocks have relatively low beta and are a good defensive
The electric vehicle industry is on fire at the moment, trading at 52-week highs. Tesla (NASDAQ:TSLA) is leading the charge, but Chinese electric vehicle maker Nio‘s (NYSE:NIO) stock isn’t far behind. Source: THINK A / Shutterstock.com However, investors are asking the all-important question: is the rally over, and if so, should we wait for a
There were plenty of noteworthy moves in the market today, even if the stocks weren’t reporting earnings. With that in mind, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Canopy Growth (CGC) Canopy Growth (NYSE:CGC) continues to look better and better on the daily chart, even
On Tuesday, Boris Johnson surprised Washington by announcing a ban on all new Huawei 5G equipment after Dec. 31. Separately, Digital Secretary Oliver Dowden stated that U.K. mobile providers must remove all Huawei gear by 2027. Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC), Huawei’s competitors, both jumped 3% on the news. Far more upside for Nokia stock
Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever. Berkshire Hathaway‘s Apple stake — which has claimed 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the streaming service plummeted 10% in extended trading after releasing its second-quarter financial results. Netflix reported
Utility stocks are among the most defensive of defensive stocks. One reason for this is that utility companies are highly regulated, so they have limited pricing power. That means that they are not poised for big gains, and despite (perhaps even because of) the pandemic, many investors have been looking for growth stocks. However, with
With many brick-and-mortar stores closed in recent months thanks to the novel coronavirus, shipping companies like FedEx (NYSE:FDX) are seeing increased traffic and profits. FDX stock is up 20% in the last month. Source: Antonio Gravante / Shutterstock.com But I’m not looking for this ride to last. In fact, FedEx is living on borrowed time.