The hits keep coming for Ford (NYSE:F) stock. Source: Shutterstock The company’s cautious approach on electric vehicles put it far behind its competitors. Its CEO since 2017, former University of Michigan athletic director Jim Hackett, has since seen the share price fall to $5. Now with shares at a 10-year low, Hackett shuffled some chairs
Stocks to sell
In the middle of the turmoil brought on by the coronavirus, it’s hard to think positively. Yet at some point, we will get through this, remembering this moment years from now as one of the darkest chapters in American history. Nevertheless, we shouldn’t be naïve. As I’ve mentioned in prior articles, the novel coronavirus has
Multinational oil and gas giant BP (NYSE:BP) enjoyed a stellar performance last week. But isolated enthusiasm isn’t enough to convincingly move the needle for BP stock. Source: Shutterstock For one thing, the company took a huge blow in the Friday March 27 session, reminding everyone that we’re far from leaving the woods. Of course, the
Of all the economic sectors impacted by the coronavirus from China, the air-travel industry was hit especially hard. As a result, Delta Air Lines (NYSE:DAL) stock was halved from more than $60 to around $30 within a matter of weeks. Source: VanderWolf Images/Shutterstock.com It could be argued that the coronavirus crisis won’t last forever and
In the recent past, Plug Power (NASDAQ:PLUG) has seen significant volatility. After touching a 52-week high of $6.05 in the third week of February, PLUG stock declined by 54% to $2.76. Source: Shutterstock This decline was triggered by the company’s 40 million share offering at $2.75. Subsequently, the stock has moved higher by 46% and
The sudden collapse in the price of oil will hurt natural gas exploration firms the most. Chesapeake Energy (NYSE:CHK) stock is especially vulnerable. The firm has an unsustainable debt load and cannot service the interest payments with energy prices falling. Source: Novikov Aleksey / Shutterstock.com CHK stock tried to hold the 50 cent support line
Both the supply and demand sides of the equation spell trouble for Big Oil today. Holders of BP (NYSE:BP) stock have suffered staggering losses amid the energy-sector rout. Some audacious traders might wonder if this is the time to grab some cheap shares and hope for the best. Source: FotograFFF / Shutterstock.com That’s an ill-advised
Jobs, wages, profits and dividends are all under siege for American oil companies. For years, Schlumberger (NYSE:SLB) stock was a stunner. That is, until mid-2014. Now, those glory days are long gone. Even when the price of oil powered its way up to $75 in October 2018, Schlumberger shareholders continued to suffer staggering losses. Source:
After a stunning fall to $10, shares of American Airlines (NASDAQ:AAL) have since been on a tear. Note that AAL stock is now at $15. Yet despite this rally, the company still sports a miserable year-to-date loss of 50%. Source: GagliardiPhotography / Shutterstock.com The volatility is certainly understandable as it is extremely difficult to gauge
It’s been an insane month for airlines stocks. Legacy carrier United Airlines (NASDAQ:UAL) has been no exception. UAL stock traded for $90 as recently as January. Last week, it sold for a low of just $18, amounting to an 80% loss of value in scarcely two months. Source: NextNewMedia / Shutterstock.com However, United’s fortunes are
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
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
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.
Call me a skeptic, but if it looks, smells and quacks like a duck, it’s probably a duck. And when it comes to buying micro-cap coronavirus play iBio (NYSEAMERICAN:IBIO) investors should consider running far away from IBIO stock. Source: Shutterstock Recently, the mainstream media has been vigilant in warning Americans to be wary of scams
Sometimes, you have to know when to call it quits. That’s true for any endeavor in life, and especially so in the financial markets. That said, a perfect case is General Electric (NYSE:GE). Long an American icon — the company was formed in the late 1800s — General Electric once represented the might of American
Intel (NASDAQ:INTC) has fallen over 33% from its 52-week peak high. But unbelievably, INTC stock is still 6.9% above its low as of Friday, March 20. The stock could easily fall further, but its dividend seems to be very secure. It is well covered by Intel’s massive free cash flow (FCF). Source: Thanes.Op / Shutterstock.com
To eat this cheeseburger or to not eat this cheeseburger? That was a question many of us had the luxury of asking … at least before the coronavirus from China hit the U.S. and doomsday hoarders ravaged supermarkets. And that may have unveiled a problem for Beyond Meat (NASDAQ:BYND) stock. Source: calimedia / Shutterstock.com After
Chesapeake Energy (NYSE:CHK) has had an incredibly bad run over the past few years. The company has engaged in various strategic errors, had several unfortunate developments occur operationally, and has now gotten pulverized with the further collapse of energy prices. The price of CHK stock is down to just 18 cents after trading around $5
Nio (NYSE:NIO) reported its fourth-quarter results on March 18. Although they beat on the top line, its losses were higher than analysts expected. Nio stock lost 16% of its value Wednesday. Down 40% year to date through March 18, it now trades well below $3. Source: Sundry Photography / Shutterstock.com The first case of coronavirus
What a difference a month has made for Diamondback Energy (NASDAQ:FANG) stock. The company had been among the best-performing and best-run shale drillers. But now it is in serious financial trouble: driven massive returns since its 2012 initial public offering, it has since touched an all-time low on Wednesday. Source: Shutterstock The problem for FANG stock,