Saddled by another round of bleak economic data delivered on a Thursday and tepid earnings reports, stocks faltered in the final trading day of April, though the major equity benchmarks posted strong monthly performances. Source: Provided by Finviz The S&P 500 declined 0.92%. The Dow Jones Industrial Average slid 1.17% The Nasdaq Composite retreated 0.28% After
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Groupon Inc. (GRPN) has had a tough go of it since its initial public offering (IPO), as competition in the online retail and coupon space has heated up. The company went public at a price of $20, but as of May 2, 2020, its share price was down 94% from its IPO price. Groupon is
Since reporting its earnings last week, Ericsson (NASDAQ:ERIC) stock has not done much. But then again, there was already a nice rally ahead of the announcement. Note that the shares went from $6.17 in mid-March to $8.35. Source: Shutterstock For the first quarter, Ericsson’s revenues increased by 2% to $4.93 billion. While there was considerable
On Wednesday, beleaguered United Airlines (NASDAQ:UAL) received the first piece of substantive good news since the novel coronavirus destroyed the global economy. And UAL stock appreciated the breath of fresh air. Source: NextNewMedia / Shutterstock.com According to Dr. Anthony Fauci, the Director of the National Institute of Allergy and Infectious Diseases, Gilead Sciences’ (NASDAQ:GILD) drug
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. “We have not done anything, because we don’t see anything that attractive to
A view of New York state department of labor office in Brooklyn New York USA during coronavirus pandemic on April 14, 2020. John Nacion | NurPhoto | Getty Images Some economists expect there were at least 4 million workers who filed for state unemployment benefits last week, signaling the job losses could be greater than
It was a rough day for bulls in the stock market today. Equities took in on the chin, with the S&P 500 and Nasdaq Composite both falling more than 3% at one point. After reporting earnings, Amazon’s (NASDAQ:AMZN) stumble and Apple’s (NASDAQ:AAPL) relatively flat response didn’t help matters. Remember, these are two of the three
[Editor’s note: “10 Stocks to Buy as They Ride a Coronavirus Tailwind” is regularly updated to include the most relevant information available.] After suffering one of the worst declines in history, the investment markets mounted a comeback in the second half of March. Even this small piece of optimism appears to be failing, though, due
For quite some time, I’ve expressed skepticism toward plant-based meat producer Beyond Meat (NASDAQ:BYND). Primarily, I can summarize the enthusiasm in one word: fad. Most recently, we saw the dramatic rise and subsequent fall of National Beverage (NASDAQ:FIZZ), which attempted to capitalize on the ephemeral sparkling water craze. But the difference is that unlike BYND
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Carl Icahn knows the oil and gas industry very well and has arguably made more of his fortune in this industry than any other single industry. His next energy bet could pay off through a
The Zacks Earnings ESP (Expected Surprise Prediction) Filter lets you search for stocks with the highest probability of positively surprising (or negatively surprising, if that’s what you’re looking for). This proprietary metric has proven to predict earnings surprises with a 70% accuracy. And when the ESP is used with Zacks Rank #1 Strong Buys, #2
The Sedco 714 oil platform, operated by Transocean, stands in the Port of Cromarty Firth in Cromarty, United Kingdom, on February 16, 2016. Matthew Lloyd | Bloomberg | Getty Images Check out the companies making headlines after the bell. Facebook — The social media giant’s stock soared 10% in extended trading after the company reported
Friday had plenty of big movers for us to pick from. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Apple (AAPL) Shares of Apple (NASDAQ:AAPL) are struggling to rally on Friday, despite beating on earnings. Keep in mind, the overall market was under
[Editor’s note: “Despite Recent Rally, Marathon (MRO) Stock Remains a Buy” was previously published on April 7. It is updated regularly to reflect the most relevant information.] Source: IgorGolovniov / Shutterstock.com Despite an epic plunge in oil prices, Marathon Oil (NYSE:MRO) stock has performed well in recent weeks. Shares have doubled since hitting 52-week lows
Cannabis stocks are known for volatility in both directions. These names can skyrocket during good times, but during troubled times, they are difficult to own. That goes for Tilray (NASDAQ:TLRY) too, as TLRY stock has now fallen 63% from its 2020 high. Source: Jarretera / Shutterstock.com Unfortunately, it gets worse. The company’s stock has fallen
NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission. NASA/Aubrey Gemignani NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk’s SpaceX have been well worth it as the company prepares
Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
Stocks slumped again on Friday amid a batch of disappointing earnings reports from some of the largest companies in the S&P 500, potentially giving credibility to the old Wall Street maxim of “sell in May and go away.” Source: Provided by Finviz The S&P 500 declined 2.79%. The Dow Jones Industrial Average lost 2.53% The Nasdaq
Editor’s note: “3M Stock Remains an Attractive Defensive Play” was previously published in March 20. It is regularly updated to include the most relevant information. Source: r.classen / Shutterstock.com With its shares rebounding more than 30% from their 52-week lows, is 3M (NYSE:MMM) stock a buy? March’s market maelstrom made blue-chip names like this industrial
In 2020, investing in the travel sector in general and cruise companies in particular has produced losses for shareholders. Today I’m evaluating Carnival (NYSE:CCL) stock. Year-to-date, CCL stock is down an eye-popping 73%. Source: Ruth Peterkin / Shutterstock.com Carnival’s shares are dual-listed both in the U.S. and the U.K. In fact, it is the only company