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:
Never short on scandals and controversies, Uber Technologies (NYSE:UBER) may not warm most people’s hearts. However, it’s undeniable that the company revolutionized the concept of ride sharing. A cost-effective means of bypassing the traditional taxi service, the innovative platform has found rapid adoption, especially among younger adults. It’s also provided valuable services across multiple demographics,
Tim Boyle | Bloomberg | Getty Images Check out the companies making headlines after the bell. Snap — The social media platform’s shares skyrocketed 18% in extended trading after the company reported strong first-quarter revenue. Snap said it had revenue of $462 million in the first quarter, while analysts polled by Refinitiv anticipated $430 million. “Snapchat
Welcome to InvestorPlace’s General Electric (NYSE:GE) live blog, where you can find up-to-the-second insights in GE news today. [Check back often, as this page will be updated with more GE news and insights each day the market is open.] GE Shutters North Dakota Wind Turbine Plant [Monday, April 20, 2:45 p.m.] Shares of GE stock are
Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to
After a lot of debate, the airlines got their government aid package. Traders cheered, if only for a moment. As is often the case, though, it quickly turned into a “sell the news” moment. With the positive catalyst behind us, airlines stocks are sinking again as folks consider the longer view. It’s great that the
Spoiler alert, Amazon (NASDAQ:AMZN) stock will probably always be a buy in my book, as long as management continues a run of near-perfect execution. This leadership is no fluke; under Jeff Bezos, steady leadership has been a fact for decades. Source: Mike Mareen / Shutterstock.com It is neither a surprise nor a coincidence that AMZN
Despite what critics have said of late, 3M (NYSE:MMM) is actually a very solid and safe company for investors. MMM stock has at least 45% upside from current prices based on its dividend-paying track record and solid cash flow. Source: r.classen / Shutterstock.com The company has been in the news lately due to its production
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images Check out the companies making headlines in midday trading. IBM — Shares of IBM dropped nearly 6% after the company reported
The beginning of this week wasn’t so much about stocks as it was about oil. Today’s three big stock charts feature oil and energy sector names. All eyes were on West Texas Intermediate crude oil as the front-month futures contracts actually went into negative territory on Monday. Source: Shutterstock This has positive and negative potential
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that
Now that we’re months into the spread of the novel coronavirus, traders have to adjust to waves of bad news. Sometimes the news is so unsettling that it’s best just to avoid certain investments. And the developments surrounding Uber (NYSE:UBER) make the stock a toxic asset, at least for now. Source: Proxima Studio / Shutterstock.com
Like other video-game investments, Activision Blizzard (NASDAQ:ATVI) stock has had more than its fair share of ups and downs. Video game trends tend to come in waves, and in some cases Activision Blizzard stock spearheaded those trends. Source: madamF / Shutterstock.com Nimble traders can capitalize on video-gaming trends as they occur through a position in
Smucker’s Fruit & Honey brand fruit spread Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell. IBM — The technology company’s stock fell 3% in extended trading after IBM reported first-quarter financial results. The company reported revenue of $17.57 billion while analysts polled by Refinitiv expected $17.62 billion.
With May crude oil futures tumbling into negative territory, energy is the talk of the day on Wall Street. With that in mind, let’s look at a few energy-focused top stock trades. Top Stock Trades for Tomorrow No. 1: Energy Sector ETF (XLE) The Energy Select Sector SPDR ETF (NYSEARCA:XLE) is actually handling the bizarre
Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018. Benjamin Lowy | Getty Images U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic, with one analyst describing the
Royal Caribbean (NYSE:RCL) has been absolutely hammered over the past month amid the novel coronavirus pandemic. RCL stock is down a stark 74 percent so far this year and will almost certainly keep falling amid travel shutdowns, quarantines and the economic fallout from Covid-19. Source: Laszlo Halasi / Shutterstock.com Contrarians have been sniffing around cruise stocks in
With a market capitalization of $123 billion, AbbVie (NYSE:ABBV) stock is one of the most famous names in the pharmaceutical niche. This company has been around for a while and the stock has rewarded long-term owners, though there were a rough patches in 2018 and 2019. Source: Piotr Swat / Shutterstock.com 2020 was set to
I wanted to find five dividend stocks that had very high yields that appeared to be quite secure. As you know, the dividend yield ratio is calculated by dividing the annual dividend by the price of the stock. In this case, the dividend is the latest quarterly dividend paid by the company annualized over the