Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with
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Naturally, with most of the country — and much of the world — stuck in some form of quarantine, it’s easy to get discouraged about the financial markets. However, a few companies have emerged from this crisis stronger than ever. One of those names is Zoom Video Communications (NASDAQ:ZM). Source: Michael Vi / Shutterstock.com Similar
Wall Street looks vulnerable to another pullback here as the post-Covid-19 rebound capped out near a 50% retracement of the initial selloff and has been sliding sideways for weeks. To be sure, there are plenty of things to be worried about: Evidence of a prolonged economic shutdown, chaos in the energy markets, and concerns a
Welcome to Traders TV Tuesday and today we have a question from Paul that asks “Do you need to go to school or have a college degree to become a successful stock trader?” Well, Paul if you’re talking about the traditional sense in terms of education which I assume you are, you don’t need to
AT&T (NYSE:T) looks like an oil company stock, with a yield that looks too good to be true. As trading opened April 23 AT&T stock was as trading at $29.50. Source: Roman Tiraspolsky / Shutterstock.com Its 52-cent-per-share dividend now yields 7% if you buy now. By way of comparison, Chevron (NYSE:CVX), the second-largest U.S. oil
Long-time professional traders watching the near implosion of the United States Oil Fund could only watch in wonder. “It tells me people always want to make a quick buck,” said John Davi, chief investment officer and founder of Astoria Portfolio Advisors. He was referring to retail investors who lost a boatload of money investing in
A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending. Even before the state shutdowns took
What an odd and interesting day Thursday was! All day long it looked like the stock market was going to bring gains to long-positioned investors — until the drop at the very end, that is. Source: Shutterstock That’s so typical of the markets. They get your hopes up, just to bring you right back down
Steven Eisman, senior portfolio manager at Neuberger Berman. Katie Rooney | CNBC Renowned investor Steve Eisman said Thursday U.S. banks are an attractive investment following the coronavirus-induced market sell-off. “I actually think long-term, the best cyclical play out there are the very large banks,” Eisman, senior portfolio manager at Neuberger Berman, told CNBC’s “Fast Money.”
The novel coronavirus has been a roller coaster ride for social media giant Facebook (NASDAQ:FB). FB stock lost 33 percent of its value during the stock market’s initial drop. But even after a month-long rally, the firm has lost nearly a fifth of its pre-coronavirus value. Source: Ink Drop / Shutterstock.com Like the rest of
Like rival Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) is in the midst of a curious though undoubtedly impressive rally. In fact, Lyft stock has more than doubled from its 52-week low which it hit last month. Source: Allmy / Shutterstock.com Over the past several weeks, the stocks of many companies that have been most severely affected by
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Alphabet — The tech giant’s stock was down 2% in extended trading after CNBC reported that Google is reducing its marketing budgets by as much as half for the second half of
Thursday was another interesting day in the stock market, with plenty of movers and earnings reports. With that in mind, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Gilead Sciences (GILD) A report on Gilead Sciences’ (NASDAQ:GILD) remdesivir drug having disappointing data for treating the coronavirus
As smaller investors pile into the risky and troubled United States Oil Fund, hedge funds are taking the other side of that trade and making a lot of money. As the fund, which trades under the ticker USO, plunged 75% in the last two months, those who bet against it by short selling pocketed hundreds
After last month’s selloff driven by the novel coronavirus, many stocks remain far below their 52-week highs. And not just more vulnerable companies. High-quality names like Hilton Worldwide (NYSE:HLT), too. With HLT stock down more than 38% since February, it’s obvious investors still believe the hotel giant is not out of the woods yet. Source:
Airline stocks have been in news with the industry among the worst hit due to the crisis triggered by the novel coronavirus. With most airline stocks plunging, there is ample discussion on value buys in the industry. American Airlines (NASDAQ:AAL) stock has declined by 64% from fiscal year 2020 highs and currently trades at $11.
The Coca-Cola Co. (NYSE:KO) celebrated its centennial as a member of the New York Stock Exchange last year. It’s still going strong, with the KO stock price currently sitting just below the mid-point of its 52-week range. Source: Fotazdymak / Shutterstock.com The company beat earnings estimates by almost 17% on April 21. CEO James Quincey’s
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker reported quarterly earnings of $1.75 per share, beating the $1.48 a share consensus estimate. Revenue was also above Street forecasts. Lilly’s worldwide revenue was boosted by $250 million due to Covid-19, but the company said the virus
Every trading session tells a different story. The story being told on Wednesday was that the market is quite relieved to see oil starting to bounce back. Source: Shutterstock Traders were also optimistic that the U.S. government would provide much-needed relief for small businesses. These considerations seemed to be more important than corporate earnings reports,
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor Howard Marks said there is a sharp disconnect between the stock market and the reality the world is facing amid the coronavirus outbreak. “We’re only down 15% from the all-time high of Feb. 19,” Marks, co-founder of Oaktree Capital Management, on CNBC’s “Halftime