With OPEC+ agreeing to terms on a production cut, does that make BP plc (NYSE:BP) a buy? Shares have been hammered, as have most energy names, with BP stock still down 38.6% from its 2020 highs. Source: FotograFFF / Shutterstock.com From peak to trough, BP fell more than 60%. Investors were dumping everything in the
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Alex Gorsky, Chairman and CEO of Johnson & Johnson, rings the opening bell to celebrate the 75th anniversary of his company’s listing at the New York Stock Exchange, September 17, 2019. Brendan McDermid | Reuters Johnson & Johnson surprised investors with a modest dividend increase of 6.3%, followed by Procter & Gamble, which raised its
Check out the companies making headlines in midday trading. J.C. Penney — Shares of J.C. Penney tanked more than 28% after Reuters reported the retailer is exploring a bankruptcy filing. The coronavirus pandemic forced J.C. Penny to close stores and it disrupted its turnaround plans. Bank of America — The bank’s stock tumbled more than 6%
It was a robust session for the bulls, with another notable gain in the stock market today. The S&P 500 rose 3%, even as the banks failed to paint an optimistic outlook on the economy. Speaking of economic outlooks, the International Monetary Fund wasn’t very optimistic either. The world will “very likely” experience the worst
Shannon Stapleton | Reuters Professional investors are heading for the sidelines while demanding that companies stop using their cash to buy back stocks and instead improve their balance sheets. The Bank of America Global Fund Manager survey for April reflects the large level of caution seen in the markets since efforts to stop the coronavirus
While most investments have tumbled badly due to the novel coronavirus pandemic, a few like Starbucks (NASDAQ:SBUX) are notable for their uniquely frustrating journey. Source: monticello / Shutterstock.com Back in summer 2019, SBUX stock closed at a record high. However, when it became apparent that the U.S.-China trade war would worsen, shares quickly stumbled. Yet
Wells Fargo (NYSE:WFC) just reported its first-quarter earnings on Tuesday. Since there was no dividend cut, WFC stock looks very attractive with its present 6.8% dividend yield. Source: Ken Wolter / Shutterstock.com Earnings per share on a non-GAAP basis were 74 cents per share, including addbacks due to deteriorating economic conditions. In effect, this is
Investing during the spread of the novel coronavirus means that you have to consider how companies are positioned during this challenging time. Some of them are positioned for success, while others aren’t. Unfortunately, buying Lyft (NASDAQ:LYFT) stock now would be an investment in a company that’s poorly positioned. Source: Allmy / Shutterstock.com A better alternative
Tractor trailers sit parked at a J.B. Hunt Transport Services Inc. facility in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. J.B. Hunt — The transportation company’s stock rose 4% in extended trading after the company beat analysts’ estimates on first-quarter revenue. J.B. Hunt reported
The stock market galloped higher on Tuesday, as earnings season gets underway. With that in mind, here’s a look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Bank of America (BAC) We’re seeing a disappointing pattern play out in the banks, as they fail to garner upside momentum. Bank of
CNBC’s Jim Cramer said that dominant U.S. companies are further solidifying their positions during the coronavirus pandemic, evidenced by the Nasdaq 100 being almost even for the year. “This is the big triumphing over the little guy and if you don’t mind making money in the market off that, that’s what’s going on,” Cramer said on “Squawk on the
Download Stig & Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Subscribe to We Study Billionaires podcast show: https://link.chtbl.com/WSB Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/your-questions/ ABOUT THE EPISODE: On today’s show, we have a commodity investment expert, Marin Katusa. He talks about the supply-demand impacts of COVID-19 and
With the coronavirus from China devastating the markets recently, it’s very difficult to predict the day-to-day movements. On the other hand, figuring out which stocks to buy for your ten-year old is a much easier task. That comes from the confidence that over time, many well-positioned companies will benefit from shifting social dynamics. Overall, the
Exxon Mobil (NYSE:XOM) is in the midst of a 37% rally off its 52-week low. Still, shares of Exxon Mobil stock are lower by more than 50% over the past year and with oil prices sagging, it’s easy to understand why some investors aren’t flocking this or plenty of other energy equities. Source: Harry Green
Given the awful deluge of novel coronavirus stats and sharply negative economic metrics, we could all use some good news. Heading into Good Friday last week, senior White House adviser Dr. Anthony Fauci provided exactly that. Rather than the 100,000 to 240,000 deaths that epidemiologists forecasted, Dr. Fauci now anticipates “only” 60,000 deaths. In theory,
Men work at a distribution station in the 855,000-square-foot Amazon fulfillment center in Staten Island, New York. Johannes Eisele | AFP | Getty Images Check out the companies making headlines in midday trading. Amazon — Shares of Amazon rose nearly 4% to a new all-time high as the e-commerce giant experienced unprecedented demand amid coronavirus-related shutdowns
Stocks slipped slightly lower in Monday’s session, after coming off a strong holiday-shortened trading week. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Netflix (NFLX) Netflix (NASDAQ:NFLX) remains a force to be reckoned with. The stock continues to plow higher as investors
Industrial giant 3M (NYSE:MMM) has been drawing a lot of attention over the past few weeks. The St. Paul-based company has found itself in the center of the coronavirus relief efforts. MMM stock has climbed about 10% in the past five days as the Trump administration announced plans to buy approximately 167 million masks from
Due to the black swan event of the novel coronavirus shutting down virtually all air travel, companies like Booking Holdings (NASDAQ:BKNG) are in serious trouble. Source: Denys Prykhodov / Shutterstock.com Prior to this mess, Booking’s core business — owning and operating travel fare aggregators — was on the upswing in 2019. Further, warming ties between
Alongside the rest of the market, the shares of online dating behemoth Match (NASDAQ:MTCH) have plunged over the past six weeks as the novel coronavirus pandemic has brought the global economy to a screeching halt. MTCH stock went from $95 in mid-January to $45 in mid-March. B Source: Shutterstock But as the number of new