Customers wait in a long queue to enter a Costco members wholesale outlet. Adrian Dennis | Getty Images Check out the companies making headlines after the bell. Disney — The entertainment giant’s stock shot up more than 7% after the company reported that Disney+ subscriptions surpassed 50 million. The new subscription number is almost twice
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Do you know which investment whales were buying and selling your favorite stocks before the big rally to new highs?
I can’t help but feel bad for Caesars Entertainment (NASDAQ:CZR). As any gaming and resort company in Las Vegas, they are highly dependent on consumer sentiment. Prior to the novel coronavirus upending our record-breaking bull market, CZR stock was on the verge of something special. That’s according to Caesars CEO Tony Rodio, who stated that
Stocks in several sectors have plummeted after the coronavirus-driven market meltdown. Airline, energy and tourism stocks have taken a big hit due to the black swan event. Other stocks that have been relatively resilient. Qualcomm (NASDAQ:QCOM) stocks is one of the names that has not collapsed. Source: testing / Shutterstock.com Yes, Qualcomm stock has declined
Take a look at some of the biggest movers in the premarket: Starbucks (SBUX) – Starbucks said its fiscal second-quarter profit would likely drop by 47% due to the coronavirus impact, and that it was abandoning its full-year forecast. The coffee chain is also suspending its share buyback program, although it will continue to pay
Equities have been all over the place this week, and that action continued in the stock market today. On Monday, we had one of the best days bulls have ever seen. On Tuesday, big morning gains completely evaporated by the afternoon, giving investors the largest intraday reversal since 2008. For the stock market today, the
Amid the devastation from the novel coronavirus comes changes to our lexicon. Today, Americans are all too familiar with the term “social distancing.” But another phrase has far more crucial implications: personal protective equipment (PPE). With medical professionals and first responders throughout the nation struggling to address the pandemic, Lakeland Industries (NASDAQ:LAKE), a hazard-protection gear
With the stock market gaining momentum, it’s becoming more difficult to find bargain-priced stocks to upgrade your portfolio. Electronic payment processor PayPal (NASDAQ:PYPL) is one such company whose share price has risen 20% from where it bottomed in mid-March. But PYPL stock is still trading 15% lower than its February highs, making it a worthwhile
People are seen wearing protective face masks outside a Chase Bank in New York, March 27, 2020. Noam Galai Major banks and health care companies will be the first to reveal how the early weeks of the coronavirus shutdowns impacted their profits, outlook, work force and customers. Earnings season begins in the week ahead, with
Following a disappointing end to Tuesday’s session, stocks rallied anew on Wednesday amid talk the White House is in talks about reopening the shuttered U.S. economy as the number of coronavirus cases plateaus. Source: Provided by Finviz The S&P 500 jumped 3.38% The Dow Jones Industrial Average rose 3.41% The Nasdaq Composite soared 2.58% Raytheon Technologies
Inovio Pharmaceuticals (NASDAQ:INO) has been in the spotlight recently after the company announced a potential vaccine for the novel coronavirus. Source: Ascannio / Shutterstock.com INO stock jumped more than 70% in the space of a week as investors saw promise in the Pennsylvania pharmaceutical firm. Since then, the firm’s share price has come down substantially
Costco (NASDAQ:COST) shares held steady as the novel coronavirus pushed the stock market lower. That’s no surprise, given the wave of panic buying as the pandemic hit America. But, while competitors like Walmart (NYSE:WMT) have made new highs, Costco stock has pulled back. Source: ilzesgimene / Shutterstock.com To me, that’s a sign Costco shares are
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that
It was a concerning day in the stock market today. While the S&P 500 rallied another 1.5%, bringing this week’s gains to almost 11%, it struggled to hold those gains into the close. That’s as another enormous jobless claims report hit the tap before the open. Oil prices took a spill as investors continue to
My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury to issue a $1 trillion, 30-year “war bond” to finance out battle against the coronavirus. He pitched the idea on CNBC to Larry Kudlow, who chairs the White House National Economic Council and promised to propose the idea directly
Shares of music streaming platform Spotify (NYSE:SPOT) have outperformed the broader market amid the coronavirus pandemic, mostly because investors have seen Spotify as relatively insulated from coronavirus-related economic disruption. Source: Kaspars Grinvalds / Shutterstock.com Spotify stock only trades about 15% below where it was in mid-February. The rest of the stock market, meanwhile, is deep
Like nearly every U.S. equity, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) was under significant pressure due to the novel coronavirus. However, big declines like this present opportunity and with GOOG stock still down 21% from its highs, it’s worth a closer look. Source: rvlsoft / Shutterstock.com This company has so many positives going for it. While Google may
People wearing masks and gloves wait to checkout at Walmart on April 03, 2020 in Uniondale, New York. Al Bello | Getty Images The economy is already in what will be a short, deep recession and even with a spike in unemployment, consumers are expected to continue to spend, according to a National Association for
Stocks gained again on Thursday after Dr. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, dramatically pared his COVID-19 fatalities forecast, saying the respiratory illness could claim 60,000 American lives, down from prior estimates of 100,000 to 200,000. Source: Provided by Finviz The S&P 500 added 1.44% The Dow Jones
Carson Block Anjali Sundaram | CNBC Carson Block’s Muddy Waters Research announced Wednesday it has taken a short position in eHealth Inc., which owns a digital health insurance exchange. Block, the firm’s founder, disclosed the position on CNBC’s “Squawk Box.“ Muddy Waters argues eHealth, with a stock market value of $3 billion as of Tuesday’s close,