Take a look at some of the biggest movers in the premarket: Raytheon Technologies (RTX) – The defense contractor reported quarterly profit of $1.78 per share, beating the consensus estimate of $1.22 a share. Revenue also beat forecasts and Raytheon said it would not provide a financial outlook at this time due to pandemic-related uncertainty.
admin
Equities tried to push higher on Wednesday, with bulls hoping to erase the late-session selloff on Tuesday. However, it was a tricky session in the stock market today. The S&P 500 ended down 0.7%. The index first opened higher on the day, reversed and took out Tuesday’s low. It closed near session lows. The back
For years, precious metals mining companies like Newmont (NYSE:NEM) and Barrick Gold (NYSE:GOLD) floundered in relative obscurity. Following the bubble bursting in the commodities sector early last decade, miners found themselves out of favor with the broader market cycle. Simply, with enthusiasm returning to equities following the Great Recession, NEM stock appeared anachronistic to Wall
Ford (NYSE:F) has been obliterated amid the novel coronavirus outbreak. From peak to trough, F stock fell more than 57%. While shares have bounced about 25% from the lows, that lags the broader market and still leaves Ford shares down more than 47% from its 2020 high. Source: Proxima Studio / Shutterstock.com That sounds like
A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images The number of workers who continued to collect unemployment benefits rose to a greater-than-expected 22.6 million, reinforcing economists’ estimates
The weekly jobless claims report showed that another 3.2 million Americans filed for unemployment this week. Despite that figure, bulls saw another rally in the stock market today. At one point, the S&P 500 rallied almost 2% on the day, before backing off the highs. That’s likely as investors reduce exposure ahead of the monthly
In general, economic growth occurs as a result of increases in the production of goods and services. Increased consumer spending, increased international trade, and businesses that increase their investment in capital spending can all impact the level of production of goods and services in an economy. For example, as consumers buy more homes, home construction
As the month of May kicked off, stocks got off to a rocky start. The market slumped in response to a first quarter profit miss from eCommerce giant Amazon (NASDAQ:AMZN) and its plan to put all second-quarter earnings towards its COVID-19 response, with all three of the major U.S. indexes landing in the red on the week’s final day of trading. Aside from
In recent months, pundits and reporters have focused on the obvious hits that Disney (NYSE:DIS) is taking as a result of the new coronavirus. And indeed, the fact that the company’s parks have been closed while movie theaters have been shuttered has meaningfully hurt Disney stock. Source: Ivan Marc / Shutterstock.com But the media appears
People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst Newspapers via Getty Images A record number of Americans just lost their job, and
Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in mid-March due to the coronavirus outbreak, but said it remains confident in the resiliency of
Despite another disappointing jobless claims report, stocks found a way to rally on Thursday. That said, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Square (SQ) At first, Square (NYSE:SQ) dipped on earnings. However, bulls have reversed their fortunes, with shares ending the day on
Once left for dead as a failed e-commerce company that made a costly and ill-advised jump into the blockchain world at the wrong time, Overstock.com (NASDAQ:OSTK) has come roaring back to life amid the novel coronavirus pandemic. From it’s mid-March lows, Overstock.com stock is up a jaw-dropping 5,500%. Source: Burdun Iliya / Shutterstock.com Why the
Shares of Facebook (NASDAQ:FB) gained 10% after the tech giant announced better than expected first-quarter results on April 29. FB stock has now made up all the ground it lost since the beginning of the year. Source: rvlsoft / Shutterstock.com With people sheltered at home, user engagement numbers soared, as daily active users grew at an
The stock market’s coronavirus-driven bottom in late March is “definitely going to be the low” during the crisis, Wharton School professor Jeremy Siegel told CNBC on Friday. In fact, Siegel said the massive monetary policy response from the Federal Reserve, along with additional progress on treatments and possible vaccines for Covid-19, could really boost stocks next year.
Luis Mora stands in front of the closed offices of the New York State Department of Labor on May 7, 2020 in Brooklyn, New York City. Stephanie Keith | Getty Images The economy lost a record 20.6 million jobs in April, but 78.3% of those worker see their layoffs as temporary. The number of employees
zacks.com zacks.com/ultimate
Stocks rallied to finish the week, vaulting despite an April jobs report that felt ripped straight from the Great Depression. Source: Provided by Finviz The S&P 500 advanced 1.69%. The Dow Jones Industrial Average rose 1.91% The Nasdaq Composite tacked on 1.58% Broadly speaking, cyclical names were in style as Dow Chemical (NYSE:DOW) was the leader
An operating margin is a financial metric that research analysts frequently rely on to measure the money a company generates from sales, after subtracting the costs of production, such as wages and raw materials, but before paying interest or taxes. This differs from the contribution margin, which specifically measures the production costs for an individual