Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It
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Most investors would agree that the issues caused by the novel coronavirus haven’t been completely resolved yet. Still, it was nothing but upside to start the week on Monday as investors saw a light at the end of the tunnel. And Tuesday’s big stock charts show some of that illumination. Source: Shutterstock This could be
Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — people who depend on that dividend — so we’ve been pretty committed to maintaining that
Even prior to the unprecedented environment that we’re in, Under Armour (NYSE:UA, NYSE:UAA) represented a tough case against industry leaders Nike (NYSE:NKE) and Adidas (OTCMKTS:ADDYY). However, the combination of Under Armour’s baggage, along with the sharply deflated consumer market makes for an almost untenable argument for UA stock. Source: AuKirk / Shutterstock.com Primarily, I’m referring
Alongside the rest of the stock market, programmatic advertising leader The Trade Desk (NASDAQ:TTD) has seen its stock decimated by the coronavirus pandemic over the past six weeks. From its mid-February highs, TTD stock has dropped about 50%. Source: Shutterstock/ Bella Melo On one hand, this sell-off in TTD stock makes complete sense. The global
Take a look at some of the biggest stocks moving before the market opens: Exxon Mobil – Exxon Mobil said it was cutting 2020 capital expenditures by 30% and cash operating expenses by 15%, with the moves designed to put it in the strongest possible position when the energy markets improve. Slack Technologies – The
Younger investors have lately been buying shares of cruise lines, two Wall Street strategists told CNBC on Monday. TD Ameritrade‘s JJ Kinahan said Royal Caribbean and Carnival Corp. have been two stocks that the brokerage firm’s millennial clients have added to their portfolio in the month of Month. “At first you might be like, ‘Oh
U.S. equities underwent a massive rally on Monday, with the S&P 500, rallying almost 8% at one point. That said, here’s a look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Intel (INTC) So many investors seem focused on Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), that it feels like
As the coronavirus remains unsolved, each passing week seems to bring a new contender to the vaccine crown, including Moderna (NASDAQ:MRNA). This is reflected in MRNA stock, which jumped almost 12% on Thursday, April 2 and is now higher by about 76% year-to-date. The impetus behind the rally in MRNA stock on April 2 is
In the wake of the novel coronavirus pandemic, shares of visual search platform Pinterest (NYSE:PINS) fell off a cliff. In a matter of weeks, Pinterest stock dropped from $25 to $10. Source: Nopparat Khokthong / Shutterstock.com The selloff makes complete sense. The world has come to a screeching halt. Consumers aren’t going out and buying
Kraft and Heinz products Scott Olson | Getty Images Check out the companies making headlines after the bell. Gannett — The media company’s stock climbed 1% in extended trading after the Gannett named Douglas Horne as its new CFO. Horne previously served as global controller for The We Company (WeWork), which saw a failed IPO in 2019.
Blue Origin’s headquarters in Kent, Washington. Blue Origin Jeff Bezos’ space venture Blue Origin confirmed on Monday that two employees at its Seattle-area headquarters tested positive for coronavirus. The employees, who are married couple, work at Blue Origin’s headquarters in Kent, Washington and were last in the office about two weeks ago. The company has
Friday wrapped up another volatile week in the markets. The CBOE S&P 500 Volatility Index remained in the high $40-range, suggesting continued trepidation among the trading community. Source: Shutterstock When the price action is wild, investors may look to trend lines for support levels from our big stock charts. These lines can serve as guideposts
Halliburton (NYSE:HAL) stock has a high dividend yield — it’s around 9.5% as I write this. That is usually a sign that the company can’t afford the dividend. Investors assume that the dividend is in danger of being cut. Source: hkhtt hj / Shutterstock.com Maybe that will happen in this case. It certainly looks like
So, 2020’s first quarter was one for the history books — and not in a good way. Among the records set was the fact that the first quarter marked the worst quarter ever for oil. Naturally, this had a negative impact on Exxon Mobil (NYSE:XOM), as Exxon Mobil stock is often strongly correlated with the price
Last November, I wrote that Uber (NYSE:UBER) was on the comeback trail, making Uber stock a buy. Source: Proxima Studio / Shutterstock.com At the time, it was trading around $27. In the months since, it’s been on a wild ride ranging between a high of $42 and a 52-week low of $13.71. As it rebounded
Art Cashin David A. Grogan | CNBC Art Cashin, head of floor trading for UBS, has been a beloved market commentator for many decades and a regular commentator on CNBC for more than 20 years. Cashin was in a car accident in early February (he was not driving) and has been recuperating. We spoke to
Take a look at some of the biggest movers in the premarket: Slack Technologies (WORK) – The provider of the popular workplace messaging platform announced a $600 million debt offering due in 2025, convertible into cash, stock, or a combination of both depending on the holder’s preference. Zoom Video Communications (ZM) – Credit Suisse downgraded
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California. Astra Rocket builder Astra, a San Francisco-area startup, recently reduced its staff through a mix of furloughs and layoffs in order to survive delays caused by the coronavirus pandemic, a person familiar with the situation told CNBC. Astra cut its overall
Despite record jobless claims north of 6.6 million, the stock market held up on Thursday. Let’s look at a few top stock trades, which had more volatility than the market would have made you think. Top Stock Trades for Friday No. 1: Facebook (FB) Like many other stocks, as well as the overall market, Facebook