Retailers have been particularly hard-hit by the novel coronavirus pandemic. Lockdowns forced store closures, crippling sales. Meanwhile, operating expenses like costly leases continued. Macy’s (NYSE:M) was no exception to the bloodbath. Nothing in the department store’s long history prepared it for the situation it has faced. On Wednesday, Macy’s stock closed at $7.38, after posting a
Stocks to sell
With sentiment towards Chinese stocks deteriorating, new threats emerging to China’s economy and Alibaba (NYSE:BABA) continuing to face a strong threat in China from JD.com (NASDAQ:JD), now is not a good time to buy Alibaba stock. Source: Kevin Chen Photography / Shutterstock.com The U.S. Congress looks poised to pass a bill that “would require companies
As the stock market recovers from the Covid-19 crash, the headlines have been more positive than fearful of late. Most often the fuel comes from positive updates on vaccine progress. It’s no surprise that the biotech stocks broke out into all time highs. Year-to-date the iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) was up as much as
Oil — not to mention oil stocks — has been on a wild ride in the past month. From trading around $13 a barrel, to diving into the red, it has been truly spectacular. Crude oil has since rebounded to its current price in the mid-$30 range. Granted, there were some reasons for this ride.
I saw an article the other day about Peloton (NASDAQ:PTON) that examined whether Peloton stock is a better buy than Nike (NYSE:NKE). Source: Sundry Photography / Shutterstock.com I’ll be the first to admit that I was never very bullish on Peloton. To me, it seemed like a fancy, techie version of the age-old fitness bike.
Exxon Mobil (NYSE:XOM) stock is an interesting, arguably fragile place at the moment. For active traders zeroing in on the narrowest of time frames, it’s hard to ignore that the largest U.S. oil company jumped nearly 8% on May 18. Source: Jonathan Weiss / Shutterstock.com Likewise, it would be prudent to not tempt fate and
Last December, Rite Aid (NYSE:RAD) proved its skeptics wrong. RAD stock rallied from the single digits to prices above $20 per share. But, in the months since, the pharmacy chain has bounced around between $12 and $15 per share. However, holding steady isn’t too shabby, considering the performance of many stocks so far in 2020.
Virgin Galactic (NYSE:SPCE) is a good news, bad news story. And it’s important to note that the company is reporting some good news. But right now, there’s some bad news too. And all of that is serving as an anchor on SPCE stock. Source: Tun Pichitanon / Shutterstock.com First the good news. Virgin Orbit, a
Typically, I like to find unique angles regarding today’s hot investment topics. But for beleaguered Chesapeake Energy (NYSE:CHK), I don’t have anything original to offer. No matter what your perspective, you can’t ignore the dire situation the energy firm finds itself in. Even if you’re taking the speculative bullish position – which of course very
When the novel coronavirus pandemic first escaped the borders of Hubei province, China, the broader travel industry took the brunt of the damage. However, recent photos of packed airliners suggest that the travel industry is back. Is this a sign that it’s time to invest in Southwest Airlines (NYSE:LUV) and LUV stock? Source: Ryan Fletcher
Chesapeake Energy (NYSE:CHK) announced May 8 that it would prepay $25 million in compensation to 21 of the company’s named executive officers and vice presidents. If you’ve owned CHK stock for a lengthy period, this is the latest in a series of moves by the company that helps explain why it’s on the precipice of
A number of industries have been absolutely pummeled by the novel coronavirus pandemic. With the exception of cruise lines, few have taken it on the chin the way airlines have. International and domestic air travel has plummeted, and the future of air travel looks far from promising. American Airlines (NASDAQ:AAL) shares have dropped by as
Not too long ago, many pundits noted that the rising equities sector represented “the most hated bull market.” Following the devastation of the novel coronavirus, this could be the most loved bear market. While the pandemic delivered a gut punch to the labor force, Wall Street seems to be taking this in stride. After all,
Virgin Galactic (NYSE:SPCE) missed all analyst estimates for the first quarter. It posted a larger-than-expected loss of $60 million, and revenues are down 87% year-over-year. The report featured a modest gross profit of just $65,000. Despite all that, SPCE stock surged 7.2%. Source: Christopher Penler / Shutterstock.com The good news for the company is that
Boeing (NYSE:BA) is not in a good place, and BA stock is not going to rise anytime soon if the company doesn’t turn things around. Source: Alex JW Robinson / Shutterstock.com Boeing reported huge first-quarter losses, cut its dividend, and more importantly, suggested that its FCF losses will continue. For example, its operating cash flow
General Electric (NYSE:GE) stock closed May 15 at $5.49 per share, a 29-year low for the American multinational conglomerate. Not since December 1991 has the company recorded such a low share price. That was back when George H.W. Bush was still in office, and Father of the Bride was running in theaters. Source: testing /
Like almost all industries, oil and energy have suffered during the coronavirus pandemic. BP (NYSE:BP) has been subject to this downturn along with all of Big Oil. The double-whammy of the Russia-Saudi price war and oil demand bottoming out has dealt energy a proportionally larger blow than most industries. BP stock has suffered, but out
While BP (NYSE:BP) stock has bounced off its lows in mid-May, the shares have since stalled out. They have been in a $20 to $24 range. And yes, the stock is well off its 52-week high, which is $43. Source: Shutterstock Now BP does have its advantages. Let’s face it — in the current harsh
The shares of the major U.S. airlines continue to sink. For the past week, airlines have hit new lows almost every day, and Delta (NYSE:DAL) stock is following the trend. DAL is down 10% in the last week and is below $20 for the first time since 2013. Source: Markus Mainka / Shutterstock.com As you
Netflix (NASDAQ:NFLX) has been surging since the outbreak of the Covid-19 pandemic. NFLX stock is up nearly 50% since the market sell-off in mid-March. Source: Riccosta / Shutterstock.com The company’s streaming service is getting a (hopefully) once-in-a-lifetime opportunity. It seems that even consumers who held out from the streaming service are giving Netflix a try,