Is it finally time to start thinking about a position in the airlines? With the country talking about steps to reopen, beaten down stocks are making a rebound, like Delta Air Lines (NYSE:DAL). DAL stock jumped over 12% on April 29 as airlines, cruise companies and more start to rebound. Source: Markus Mainka / Shutterstock.com
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To no one’s surprise, toymaker Mattel (NASDAQ:MAT) was one of the worst-hit names amid the novel coronavirus-fueled market fallout. Even after jumping up from this year’s bottom, MAT stock has dropped more than 38% since January’s opening price. Source: Shutterstock And while some contrarians have suggested that this bearish phase is a perfect opportunity to
A stylist wearing a protective mask cuts a customer’s hair at a barbershop in Atlanta, Georgia, on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images When the coronavirus crisis, or at least the worst of it, passes, the U.S. economy will still be big — the biggest in the world, with any threat
The difference between Royal Dutch Shell and Exxon Mobil (NYSE:XOM) is that Shell knows it’s a zombie, something Exxon refuses to believe. Regardless of whether you trade the Dutch version of Shell stock (NYSE:RDS.A) or the British version (NYSE:RDS.B), you’re buying an fossil fuel company that is now promising to disappear. Source: JuliusKielaitis / Shutterstock.com Shell
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.70 per share, larger than the $1.61 per share predicted by Wall Street analysts, with revenue also below estimates. Boeing also announced plans to cut commercial jet production rates as well as reduce payroll. General Electric (GE) –
Despite the robust after-hours reaction on Wednesday, bulls had a frustrating session in the stock market today. Microsoft (NASDAQ:MSFT), Qualcomm (NASDAQ:QCOM), Facebook (NASDAQ:FB) and Tesla (NASDAQ:TSLA) all traded higher in Wednesday’s after-hours session. While some reactions were only mildly higher — like MSFT and QCOM — others were higher by 8% to 10%. That gave
The lockdowns in the U.S. has resulted in the economy being shoved into reverse, giving investors plenty of options for stocks to buy. The Bureau of Economic Analysis (BEA) announced earlier this week that the first pass at the data for the first quarter of 2020 is very bad. The U.S. gross domestic product (GDP)
Beyond Meat NASDAQ:BYND) is off to a solid start in 2020. BYND stock is up over 30% in 2020. Revenue has grown from $33 million in 2017 to $298 million last year. And gross margins of 34% in the fourth quarter were significantly higher than regular beef sellers. Source: calimedia / Shutterstock.com Beyond Meat continues
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might of Goldman Sachs on a curved LCD screen. Forman, a
A person walks by rows of stores closed during the outbreak of the coronavirus disease (COVID-19) in New York, March 28, 2020. Andrew Kelly | Reuters Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders. That raises questions about how consumers will behave as the economy
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
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