When the equity markets were in a meltdown mode, Royal Caribbean Cruises (NYSE:RCL) plunged to $19.25. But RCL stock doubled from the lows and trades at $39.47. This has been in line with some respite for the broad markets. Source: Laszlo Halasi / Shutterstock.com At current levels, I believe that it might not make sense
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An empty New York City subway car. Preston Rescigno | Getty Images The $3.8 trillion market for funding state and local governments, airports, schools and hospitals faces a test this week as New York City’s transit agency offers bonds to the market for the first time since the coronavirus emptied its subways, trains and buses.
Oil slipping? No worries! The week started off in a decidedly risk-on mood as traders gave a boost to the major stock market indexes. Evidently, they were optimistic that U.S. states would soon re-open after shutdowns related to the novel coronavirus put a damper on the economy. Source: Shutterstock Still, investors might want to exercise
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company’s annual shareholder’s meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire’s vice chairman of non-insurance operations, taking previously submitted questions
Alpha Pro Tech (NYSE:APT) has become one of the top face mask stocks to own. Source: Pavel Kapysh / Shutterstock.com After all, with the U.S. Centers for Disease Control and Prevention advising that everyone should wear a face mask in public, they’ve become a hot commodity. In fact, “under the new recommendation, healthy people are
After Ford (NYSE:F) stock plunged to $4 in late March — to levels not seen since the financial crisis in 2008 to 2009 — the shares have staged a decent rally. In fact, the return on F stock is about 27% from those levels. Source: Proxima Studio / Shutterstock.com However, it’s important to keep in
In a time of pandemic, stocks that are good for their dividend are shelter from the storm. Verizon Communications (NYSE:VZ) stock is such a shelter. Source: Ken Wolter / Shutterstock.com Its first-quarter report offered earnings of $1 per share, and cash flow of $8.8 billion, on revenue of $21.8 billion. That’s more than enough to justify
Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The beverage company’s stock soared 7% in extended trading after Keurig Dr Pepper reported first-quarter earnings.
Bulls continued their momentum from the prior week, again pushing equities higher. With that in mind, here’s a look at a few top stock trades to start the week. Top Stock Trades for Tomorrow No. 1: Alibaba (BABA) After a rebound from the lows, Alibaba (NYSE:BABA) stock has been stagnating over the past two weeks.
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
Everyone in the world is wrestling with the trillion-dollar question: When will the U.S. economy open? It’s a question that is puzzling academics and medical professionals alike, and no one seems to have a definitive answer. Source: BigTunaOnline / Shutterstock.com According to Dr. Anthony Fauci, America’s top infectious disease expert, parts of the country that
Amid the novel coronavirus pandemic, Blue Apron (NYSE:APRN) stock is up 74% year-to-date. I think that the rally is overdone and that the shares of the meal kit deliverer will likely retreat after the company reports its first-quarter results on April 29. Source: Roman Tiraspolsky / Shutterstock.com Blue Apron stock shares will probably fall further
So far, 2020 has been a difficult year for long-term investors in Caterpillar (NYSE:CAT) stock. In 2020, CAT stock is down about 23%. Source: Shutterstock However, that number gives only half the story. On March 12, the shares hit a 52-week low of $87.50. Now they are hovering around $114. In other words, over the past
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images Check out the companies making headlines midday Monday: Las Vegas Sands, Kohl’s, Gap, MGM Resorts — These stocks all rose sharply as hopes
Studying stock charts is important, but monitoring the financial news can give traders an extra edge. Combining technicals and fundamentals is a great way to get a complete picture of how a company is doing. Source: Shutterstock When you’re watching for news items on a specific company, earnings reports are of vital interest. For one
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday he believes that scientists testing treatments for the new coronavirus will succeed in getting patients “out of the hospital faster” and reducing “death sentence” concerns. “I think the scientists are going to solve it,” predicted Cramer, who has been advising
A recent survey bodes well for airlines, including United Airlines (NASDAQ:UAL). Other good signs for the sector’s names, particularly UAL stock, are the continuously rising momentum behind opening the economy, exceptionally low oil prices, and the proliferation of antibody tests. Source: travelview / Shutterstock.com New indications that the novel coronavirus may not be as deadly
As more devastating economic numbers flood national headlines, it’s becoming clear that a V-shaped recovery only exists in the minds of the extremely optimistic or the hopelessly naïve. On Thursday, the U.S. Department of Labor reported that 4.4 million people filed for unemployment benefits for the week ending April 18. Unfortunately, it’s becoming untenable to
Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL) – Delta lost 51 cents per share for the first quarter, less than the 70 cents a share Wall Street had anticipated. Revenue was below forecasts, however, and fell 18% from a year ago. Delta said it expects to
Source: GagliardiPhotography / Shutterstock.com Welcome to InvestorPlace’s American Airlines (NASDAQ:AAL) live blog, where you can find up-to-the-second insights in AAL stock news today. [Check back often, as this page will be updated with more AAL stock news and insights each day the market is open.] What Does the Future Hold for AAL and Its Peers? [Thursday, April