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:
Dividend Stocks
Last month I wrote a hopeful article on Nokia (NYSE:NOK). I thought it was possible the company might be able to restore its dividends. That would be a boon for NOK stock — it would soar if dividends come back by the end of the year. Source: RistoH / Shutterstock.com However, NOK stock is not
The market’s turbulence has caused investors to seek solace in safe investments that offer some protection against wild swings. That said, dividend stocks — or companies that pay a dividend — have been a popular choice because of their steady income potential and perceived safety. However, not all dividend stocks are created equally — especially
The technology sector led the market higher during the recently deceased bull market, so it’s not surprising that the group has been a drag during the newly minted bear market. The “new normal” puts Qualcomm (NASDAQ:QCOM) and Qualcomm stock in a near-term bind. Source: Akshdeep Kaur Raked / Shutterstock.com Qualcomm is in the seminconductor sector,
The fiscal year 2019 was challenging for Altria Group (NYSE:MO), as the company reported impairment charges related to its investment in e-cigarette company Juul. MO stock started recovering in fiscal year 2020. But the spread of the coronavirus from China stalled the bounce back, which triggered a broad market plunge and the stock declined sharply.
Where’s the one place you shouldn’t invest when a recession is on its way? Cyclicals. Even more specifically, the automakers are definitely a group that should be avoided during economic downturns. That’s exactly why Ford (NYSE:F), General Motors (NYSE:GM) and others are getting hammered right now. Source: Proxima Studio / Shutterstock.com Ford’s shares are now