Editor’s note: This article is a part of InvestorPlace.com’s Best Stocks for 2020 contest. The Readers’ Choice pick for the contest is Apple (NASDAQ:AAPL). When InvestorPlace readers expressed their confidence in Apple (NASDAQ:AAPL) stock, they probably didn’t anticipate the current level of global chaos. It’s certainly one of the best stocks in 2020, but with a year-to-date loss of almost 14%,
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Take a look at some of the biggest movers in the premarket: Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short, however Conagra said it has seen significantly elevated demand for its food products over the
Stocks cautiously climbed higher on Monday, as investors continue to test the validity of the current rebound. That said, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Zoom Video (ZM) Zoom Video (NYSE:ZM) tried pushing to new 52-week highs on Monday, but was unable to do so. It
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight the coronavirus. “[It is] a very, very simple and robust design that we can get out
Multinational oil and gas giant BP (NYSE:BP) enjoyed a stellar performance last week. But isolated enthusiasm isn’t enough to convincingly move the needle for BP stock. Source: Shutterstock For one thing, the company took a huge blow in the Friday March 27 session, reminding everyone that we’re far from leaving the woods. Of course, the
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2020 contest. Louis Navellier’s pick for the contest is PennyMac Financial Services (NYSE:PFSI). PennyMac Financial Services (NYSE:PFSI) is the fourth-largest originator and sixth-largest loan servicer in the U.S. And it’s only been around 12 years. What’s more, the company is still outperforming the broader stock market.
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. RH — The home furnishings retailer’s stock fell 11% in extended trading after the company missed analysts’ estimates on revenue during the fourth quarter. RH reported revenue of $665
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Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer argued Monday that stock market short-sellers are unwisely doubting the ability of scientists to slow the spread of the new coronavirus. “This is a day where you say, if I’m short I’m betting against science, not betting against the lackadaisical attitude of many people in the country, ”
After a week of stunning volatility, traders can only hope for a sense of direction in the Dow Jones Industrial Average and other major market indexes. The coronavirus from China will undoubtedly remain top-of-mind for traders and non-traders alike. Source: Shutterstock Monday’s big stock charts suggest an easing of selling pressure and a decline in trading
Of all the economic sectors impacted by the coronavirus from China, the air-travel industry was hit especially hard. As a result, Delta Air Lines (NYSE:DAL) stock was halved from more than $60 to around $30 within a matter of weeks. Source: VanderWolf Images/Shutterstock.com It could be argued that the coronavirus crisis won’t last forever and
If you’ve been to the grocery store during this pandemic mess we’re in, then you know what I’m saying is right: As much as the coronavirus shutdown is wrecking the economy and stock market right now, grocery stocks like Kroger (NYSE:KR) are the bright spots of your portfolio. In fact, Kroger stock is up nearly
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – The company announced it has identified a lead COVID-19 vaccine candidate, and plans to begin phase 1 clinical trials by September at the latest. Its intention is to have the first batches of vaccine available for emergency use
Paul Tudor Jones Kevin Mazur | Getty Images Hedge fund manager Paul Tudor Jones said Thursday investors should commend Washington’s policy response to the economic shock from the coronavirus pandemic. “Investors can take heart that we’ve counteracted this existential shock with the greatest fiscal, monetary bazooka. It’s not even a bazooka. It’s more like a nuclear bomb,”
In a sign that markets can and do anticipate bad news, sometimes efficiently baking it in before it becomes official, stocks soared again Thursday even as jobless claims across the U.S. swelled to 3.28 million last week, or quadruple the prior record. Source: Provided by FInviz The S&P 500 advanced 6.24% The Dow Jones Industrial
In the recent past, Plug Power (NASDAQ:PLUG) has seen significant volatility. After touching a 52-week high of $6.05 in the third week of February, PLUG stock declined by 54% to $2.76. Source: Shutterstock This decline was triggered by the company’s 40 million share offering at $2.75. Subsequently, the stock has moved higher by 46% and
Micron Technologies (NASDAQ:MU) stock is proof there is life after the coronavirus from China. Source: Charles Knowles / Shutterstock.com The memory chip maker surprised analysts by earning $405 million, 36 cents per share, on revenue of $4.8 billion for the quarter ending in February. This coincided with the heart of the pandemic in China and
The Cboe Volatility Index (VIX), has become one of the most widely watched indicators of market sentiment in the world. In theory, it works on a simple principle: It is a measure of the stock market’s expectation of volatility over the following 30 days based on near-term S&P 500 index options, both puts and calls.
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
Morgan Stanley CEO James Gorman told his employees that despite the upheaval caused by the coronavirus pandemic, their jobs will be secure through this year. “I am sure some, if not many, of you are worried about your jobs,” Gorman said Thursday in a staff memo. “While long term we can’t be sure how this