Having seen its price cut nearly in half by the coronavirus from China and an oil price war, Exxon Mobil (NYSE:XOM) has its executives buying the plunge. Source: Jonathan Weiss / Shutterstock.com The company’s principal financial manager and the head of its Global Projects unit, both 40-year veterans at the company, bought shares of XOM
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As the coronavirus spreads globally, the travel and tourism industry is among the worst hit. It’s not surprising that Booking Holdings (NASDAQ:BKNG) has declined by 40% from 52-week highs of $2094. While I am not ruling out a sharp technical bounce back from technically oversold levels, I believe that BKNG stock has more downside in
General Electric (NYSE:GE) suffered one of the worst performances last week. GE stock enjoyed an uninterrupted uptrend that began in August 2019 and rallied through February 2020. But that ended when a sharp market selloff began. Source: Jonathan Weiss / Shutterstock.com Worsening market conditions, primarily in the aerospace industry, suggest that General Electric will underperform
A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters There was considerable trepidation among trading desks over the weekend as many in California, New York, and Massachusetts were told to
Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York, November 7, 2019. Lucas Jackson | Reuters BlackRock’s Rick Rieder says bond market volatility appears to have peaked and stocks may have hit bottom thanks to a heavy blast of stimulus from the Federal Reserve and
Stocks’ swift and steep sell-off is providing the type of buying opportunity that doesn’t come around all that often, and investors should take advantage of the downturn, according to Ariel Investments’ chairman John Rogers. “I think this is a maybe once in a lifetime opportunity to buy stocks at bargain prices,” he said Wednesday night
Another big rally on Wall Street is giving bulls some confidence. That said, here’s a few top stock trades to consider now. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Apple (NASDAQ:AAPL) may have gained just a few percent on Wednesday, but it’s up dramatically from this week’s low. On Monday, the stock hit
ConocoPhillips (NYSE:COP) stock is down over 64% from its highs in the last year, and 63% or so from its January 2020 peak. As it stands, I believe COP stock may not have yet touched the bottom. Source: JHVEPhoto / Shutterstock.com Oil prices may keep falling. This will hurt all oil stocks, including COP. The
As a long-term speculative play, Chinese electric vehicle maker Nio (NYSE:NIO) appears like a solid pick. Prior to the market madness with the coronavirus from China, Nio stock was gaining impressive momentum. With trade talks between the U.S. and China culminating in a phase one deal, consumer sentiment in the world’s second-largest economy roared back.
Global lockdowns are bringing carnage to the economy and the stock market. Extreme selling over the past few weeks has resulted in plenty of losses for individual investors. Some are looking for stocks to buy, but many more are acting out of fear. Now we’re starting to get massive monetary assistance from the Federal Reserve
A customer views cars on display in a showroom of the Avilon dealership owned by the Ford Motor Company in Moscow. Anton Novoderezhkin/TASS (Photo by Anton NovoderezhkinTASS via Getty Images) Anton Novoderezhkin | TASS | Getty Images Check out the companies making headlines after the bell. Micron Technology — The semiconductor company’s stock jump 5% in
Kevin Matras explains the Price to Sales ratio and why it’s one of his favorite valuation metrics. Stocks highlighted include CACI, LF, NCI, RRGB and TRN.
Amazon may be the ultimate beneficiary in the post-coronavirus world, CNBC’s Jim Cramer said Wednesday, suggesting the company’s cloud unit and e-commerce business are both positioned nicely to thrive. “I think Amazon could go to $3,000 in this market,” Cramer said on “Squawk on the Street.” That would represent a more than 37% increase over last month’s
Tuesday was a spectacular day for the markets. Wednesday’s big stock charts focus on the worry that it might have been a little too spectacular. Source: Shutterstock Indeed, the Dow Jones Industrial Average saw its biggest gain on a percentage basis since 1933. The S&P 500 rallied over 9%. Whether due to hopes for a
The Covid-19 outbreak and the recent decline in oil prices have delivered a one-two punch to investors worldwide. Share prices of oil companies like BP (NYSE:BP) have simply crashed during this violent market pullback. BP stock gave back nearly triple its value year-to-date, before clawing back to a price nearly half of its pre-coronavirus highs. Source:
Call me a skeptic, but if it looks, smells and quacks like a duck, it’s probably a duck. And when it comes to buying micro-cap coronavirus play iBio (NYSEAMERICAN:IBIO) investors should consider running far away from IBIO stock. Source: Shutterstock Recently, the mainstream media has been vigilant in warning Americans to be wary of scams
The face of this historic stock market crash is perhaps the cruise line industry. So it’s not a surprise to see Carnival Corporation (NYSE:CCL) stock fall almost 90% from its highs. In January CCL stock was $52 and at the lows of last week it was under $8 per share. Source: NAN728 / Shutterstock.com But
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2020. Brendan McDermid | Reuters Stocks appear to be finding the bottom but some strategists say it may be over a trap door that could give way to another big decline. Some credit markets are faring better,
The markets got a huge bounce on Tuesday, but they’re not out of the woods. That said, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Nvidia (NASDAQ:NVDA) has been bursting higher off the recent lows, already up $63 (33%) from the recent low. However,
Stocks are a good value for investors who think the economic hit from the coronavirus is temporary, Oakmark Funds partner Bill Nygren told CNBC on Tuesday. “We think stocks are really cheap if you believe, as we do, that the economy is going to eventually recover, as will the P/E multiples,” the value investor said on