Brendan McDermid | Reuters It might be premature to declare the bear market dead, but Thursday’s action sure checked off some important boxes. Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen. Nearly
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TJX (NYSE:TJX), the discount retail store chain, took decisive action on March 19 to save its liquidity. As a result, the company will survive and TJX stock will rebound significantly as the coronavirus from China wanes. Source: Joe Hendrickson / Shutterstock.com TJX has 4,529 stores throughout the world as of Feb. 1, 2020. They operate
Luckin Coffee (NASDAQ:LK) stock has caught a bounce. Shares were up 11% in midday trading Wednesday March 25, and now have rallied 29% just from their close on Monday March 23. Source: Keitma / Shutterstock.com That trading does make some sense. China appears to be returning to normal after the coronavirus spread in January. LK
JD.com (NASDAQ:JD) has been on fire — bet you haven’t read something like that in a while — since its fourth-quarter lows. Even with the coronavirus from China in the mix, JD stock is still up more than 100% from its lows less than six months ago. Source: Sundry Photography / Shutterstock.com That kind of
Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell. GameStop — Shares of the video game retailer surged 14% in extended trading after the company said it had seen a positive impact on its business from the coronavirus. “The COVID-19 outbreak has led to changes in how consumers
The coronavirus from China is currently keeping people worldwide from working. Seasonally adjusted U.S. jobless claims soared to 3.28 million last week amid the massive economic disturbance caused by the pandemic, the Labor Department reported Thursday. Source: Shutterstock This figure smashes the previous record of 695,000 in October 1982, and surpasses the Great Recession’s top
Hedge fund manager Paul Tudor Jones told CNBC on Thursday the market could be higher by June despite what he sees as a turbulent month ahead. “My guess is one of the reasons the market’s up right now is because of all the month-end rebalancing. The market’s front-running, it sees the fact that there are going to
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
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