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,
Stocks to sell
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,
Given the tough challenges that Starbucks (NASDAQ: SBUX) faces, SBUX stock looks meaningfully overvalued at this point. Source: Grand Warszawski / Shutterstock.com The Recession and Social Distancing One obvious headwind that Starbucks has to cope with is the recession. Although, as I’ve pointed out previously, the vast majority of high-income individuals have kept their positions
J.C. Penney (NYSE:JCP) continues to fight for its life, but that doesn’t mean investors have to get long on JCP stock. Source: Supannee_Hickman / Shutterstock.com The novel coronavirus has hampered the retail sector, as well as many other industries and sectors. However, retail in particular is feeling the pinch — and perhaps that’s because many
The airline industry revenue has collapsed due to the novel coronavirus pandemic. While I am positive on a few names in the industry, American Airlines (NASDAQ:AAL) is one company I would avoid. AAL stock has plummeted by 72% from 52-week highs and currently trades at $9.65. Even after this big downside, the stock remains unattractive.
Small-cap healthcare company Co-Diagnostics (NASDAQ:CODX) had a fantastic run in recent weeks. But it appears that the good times have come to a decisive end. CODX stock dropped more than 5% Thursday during the regular trading session, and it has fallen another 7% in early morning trading. Source: Shutterstock That’s because, on Thursday, Co-Diagnostics suffered
Federal Reserve Chairman Jerome Powell made prepared remarks on May 13 that suggested the economy is not about to bail out General Electric (NYSE:GE). If you own GE stock, I’d be very worried your investment is dead money until sometime in 2021, maybe longer. Source: Sundry Photography / Shutterstock.com Among the things Powell said in
While the markets were in bull mode, United Airlines (NASDAQ:UAL) stock still did not do very well. Note that the shares are close to their 52-week low, which was set in mid-March. For the year so far, the stock has tumbled a grueling 73%. Source: travelview / Shutterstock.com But could UAL stock provide investors with
[Editor’s note: “After 70% Rebound, It’s Time to Ditch Chevron Stock” was originally published April 6. It has since been updated to reflect the most relevant information available.] Source: Denis Kuvaev / Shutterstock.com What’s next for Chevron (NYSE:CVX)? Like its major oil company peers, Chevron stock has been hammered thanks to record low energy prices,
In late April, the supply-demand imbalance in the oil market took an almost comical turn. The futures contract for May delivery actually sold at a negative price for the first time in history. Cristian Tiu, chair and associate professor of finance at the University of Buffalo’s School of Management likened what is happening to oil
Carnival Cruise Lines (NYSE:CCL) has been one of the biggest gainers in the entertainment and travel space in recent weeks. Sure, CCL stock is still down sharply since before the novel coronavirus began. However, since the March lows, Carnival’s stock has soared from a low of around $8 back to almost $14 now. That’s a
In the week ending May 8, Chesapeake Energy (NYSE:CHK) shares rose nearly 3%. The beleaguered energy company moved in tandem with other oil stocks as the price of oil moved higher. However, in the last month alone, CHK stock has dropped over 50% amid reports that a bankruptcy is imminent. Source: Novikov Aleksey / Shutterstock.com
Marathon Oil (NYSE:MRO) just cut its dividend during its first-quarter earnings announcement on May 6. That is not good for MRO stock in the long run. I was wrong about this — I thought that it had enough cash flow to cover the dividend. Source: IgorGolovniov / Shutterstock.com Marathon Oil said it was temporarily suspending
It’s a bit unusual for someone at the corporate level of a large-cap company to predict a stock’s low point during a crisis. That’s precisely what’s happening, however, in the case of JetBlue Airways (NASDAQ:JBLU) stock. Source: Roman Tiraspolsky / Shutterstock.com Calling stock-price bottoms is usually best left to qualified financial analysts (and, of course,