Given everything that’s happened in the petroleum market, I suppose we should congratulate shale oil and natural gas producer Occidental Petroleum (NYSE:OXY) for limping into the fourth quarter of 2020 without officially declaring bankruptcy. In light of this, we can score one point for OXY stock holders. Source: Pavel Kapysh / Shutterstock.com That, however, is
It’s no surprise that airline stocks have been hammered in 2020. The novel coronavirus pandemic brought air traffic to a halt and led to tens of billions of dollars in losses. But even by the standards of the struggling sector, the selling pressure on Spirit Airlines (NYSE:SAVE) stock stands out. Source: Markus Mainka / Shutterstock.com
Billionaire investor Ron Baron, who says his stake in Tesla has made his firm 10 times its original investment, told CNBC on Wednesday that he expects similar growth from Elon Musk’s space company. “SpaceX I think has a chance to be just as large as Tesla,” Baron said on CNBC’s “Squawk Box.” Baron’s investment firm holds
A pedestrian wearing a protective mask exits from the Wall Street subway station in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images Wall Street is getting bulled up on earnings, and that is highlighting the divide it has with Main Street. Earnings season is two days old, and already
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Check out the companies making headlines midday on Wednesday: Wells Fargo — Wells Fargo shares dropped 5% after the banking giant reported a weaker-than-expected
Stock market bargain hunters keep seeing Occidental Petroleum (NYSE:OXY) pop up on their radar. As savvy investors know, a company’s stock may deserve to be cheap, and price alone does not make it a good investment. This is the case with OXY stock. Source: Pavel Kapysh / Shutterstock.com All the boxes to identify a bad
A lot of promising companies have burst onto Wall Street’s scene over the past few months via reverse mergers with special purpose acquisitions companies (SPACs), but few have made as flashy of a debut as electric trucking company Hyliion (NASDAQ:HYLN) stock, which went public through blank-check company Tortoise Acquisition Corp. Source: Shutterstock When this merger
BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
Check out the companies making headlines before the bell: Johnson & Johnson (JNJ) – The medical-device and drug maker reported adjusted quarterly earnings of $2.20 per share, beating the consensus estimate of $1.98, with revenue also coming in above consensus. Johnson & Johnson said a faster-than-expected recovery in procedures using its medical devices was among
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46.1 The latest reading of the New York City Recovery Index out of a possible score of 100. Editor’s note: Below you’ll find the week 10 release of the NYC Recovery Index, originally published Oct 5, 2020. Visit the NYC Recovery index homepage for the latest data. As New York City braces itself for a potential second
It started off as another strong day for stocks on Tuesday. However, selling pressure eventually caught up with the indices and we got a slight dip on the day. With all of that in mind, let’s look at a few top stock trades — starting with the biggest of them all. Top Stock Trades for
MFA Financial (NYSE:MFA) is a real estate investment trust (“REIT”) that has had a rough year. To date, MFA stock is down more than 62% as of Oct. 9, but it is likely to have a significant turnaround. Source: Shutterstock I suspect that the REIT has reached an inflection point in its finances and is
Hertz (NYSE:HTZ) is one of many companies that have seen their business torpedoed by the novel coronavirus pandemic. HTZ stock is in worse shape than most, though. Source: aureliefrance / Shutterstock.com The company was weakened heading into the pandemic, saddled with debt and struggling against competition — including ride sharing. HTZ stock was already in serious
Since the onset of the novel coronavirus, a number of companies have thrived due to profound sociological changes. Visually oriented hobby and interest sharing social media platform Pinterest (NYSE:PINS) probably isn’t the first name that comes to mind. Yet, an argument could be made that PINS stock belongs in the winner’s circle amid the “new
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
A view of NASDAQ in Times Square during the coronavirus pandemic on May 7, 2020 in New York City. Noam Galai | Getty Images Entertainment | Getty Images In the ETF space, success begets success. Just look at what Invesco is doing today. They’re launching a new product, the NASDAQ Next Gen 100 ETF (QQQJ).
The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer
Some analysts are starting to make a case for Spirit Airlines (NYSE:SAVE). Though many if not most investors will need convincing, SAVE stock initially appears attractive for speculation. Source: Markus Mainka / Shutterstock.com I’m not a big fan of the airline industry under present circumstances. As you know, when the novel coronavirus pandemic first hit
When it comes to the burgeoning luxury EV market, Tesla (NASDAQ:TSLA) gets all the love on Wall Street — and reasonably so. Elon Musk and company pioneered the space, dominate the space and continue to make the market’s best and most desirable vehicles. But in this market traditionally dominated by Tesla, it’s time to start