Editor’s note: “3M Stock Remains an Attractive Defensive Play” was previously published in March 20. It is regularly updated to include the most relevant information. Source: r.classen / Shutterstock.com With its shares rebounding more than 30% from their 52-week lows, is 3M (NYSE:MMM) stock a buy? March’s market maelstrom made blue-chip names like this industrial
Stocks to buy
As the novel coronavirus pandemic impacts economic activity and consumer sentiment, it’s about survival for companies in several sectors. In particular, sectors like energy, airline, cruising and tourism are severely impacted. Carnival (NYSE:CCL) stock has witness significant correction in the current year with the cruising activity almost coming to a halt Source: Ruth Peterkin /
Facebook (NASDAQ:FB) reported its first-quarter earnings results on Wednesday, April 29 after the close. With a 6.2% rally in the regular session, it was understandable for investors to be worried about a sell-off. However, FB stock ripped higher by almost 10% in after-hours trading. Source: TY Lim / Shutterstock.com That’s a clear sign that investors
A lot of investors have had their eye on Intel (NASDAQ:INTC) lately. Not only does it tend to trade alongside Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), which are also spotlight-type stocks, but INTC stock is a major technology player. Source: Sundry Photography / Shutterstock.com With its $261 billion market cap, Intel is no speck
Latest Stocks to Buy Updates: Loop Capital: Buy Netflix Stock on Subscriber Growth [Wednesday, April 29, 4:35 p.m.]Contributed by Sarah Smith In his daily column, InvestorPlace’s Bret Kenwell wrote that one analyst is particularly bullish on Netflix (NASDAQ:NFLX) stock. Loop Capital’s Alan Gould reiterated his “buy” rating, assigning a new price target of $500. That implies more
I decided late last week that I wanted to share this positive upside note on Canopy Growth (NYSE:CGC) stock. But doing it after Monday’s 12% spike — and with little of that lost on Tuesday — makes it difficult because I dislike chasing runaway rallies. Regardless, CGC stock is showing life and remains my pick
Unless you’ve been living in a submarine and cut off from all communications, you know that the markets have tumbled badly due to the novel coronavirus. And with so many publicly traded companies printing red ink, it’s tempting to go contrarian and just consider everything as stocks to buy. Given the wide-scale devastation, though, it’s
Alpha Pro Tech (NYSE:APT) has become one of the top face mask stocks to own. Source: Pavel Kapysh / Shutterstock.com After all, with the U.S. Centers for Disease Control and Prevention advising that everyone should wear a face mask in public, they’ve become a hot commodity. In fact, “under the new recommendation, healthy people are
Everyone in the world is wrestling with the trillion-dollar question: When will the U.S. economy open? It’s a question that is puzzling academics and medical professionals alike, and no one seems to have a definitive answer. Source: BigTunaOnline / Shutterstock.com According to Dr. Anthony Fauci, America’s top infectious disease expert, parts of the country that
A recent survey bodes well for airlines, including United Airlines (NASDAQ:UAL). Other good signs for the sector’s names, particularly UAL stock, are the continuously rising momentum behind opening the economy, exceptionally low oil prices, and the proliferation of antibody tests. Source: travelview / Shutterstock.com New indications that the novel coronavirus may not be as deadly
Some so-called novel coronavirus stocks have printed modest, token gains. Not health services app Teladoc Health (NYSE:TDOC). Despite taking a 5% hit on the Tuesday, April 21 session, TDOC stock has more than doubled from this year’s opening price. Naturally, the nature of Covid-19’s infectiousness has greatly expanded the company’s profile. Source: Piotr Swat /
Netflix (NASDAQ:NFLX) stock is coming off record highs and just issued quarterly earnings that show skyrocketing subscriber growth. You’d think that’s a recipe for the bullish rally to continue, right? Source: vesperstock / Shutterstock.com Not so fast. There are actually a lot of contrarians out there who pushed Netflix stock down following its April 21
If you want to find a way to profit off how the novel coronavirus is changing our future society, one place you should be looking to is streaming media stocks. That’s where Roku (NASDAQ:ROKU) stock comes into play. Source: jejim / Shutterstock.com As most of us are living under stay-at-home orders and social distancing during
Shopify (NYSE:SHOP) stock is a wild one. Trading it is not for the faint of heart. If you are waiting for an easy entry point, you are going to be waiting a long time. The speed at which the shares move baffles most investors. Therefore it is much easier to invest in it with a
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
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
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:
In times of volatility, smart investors are looking for bellwether investments that will stand the test of time. During recessions and calamities, people tend to move away from sexy fly-by-night operations, preferring companies with solid fundamentals instead. One such company is Microsoft (NASDAQ:MSFT). Microsoft stock has the performance investors are looking for in these trying
Ride-hailing giant Lyft (NASDAQ:LYFT) has seen its stock price tank over the past few months as the novel coronavirus pandemic has kept consumers across the globe cooped up in their homes, and killed the travel and mobility markets. Source: Jonathan Weiss / Shutterstock.com That said, LYFT stock has fallen more than 40% from its February
Shares of Uber (NYSE:UBER) stock have naturally plunged over the past few months as the novel coronavirus pandemic has brought the global ride-hailing market to screeching halt. In short, thanks to the coronavirus outbreak, consumers across the globe aren’t leaving their homes right now — let alone traveling or hopping into a stranger’s car. Source: