Wholesale gasoline prices are collapsing, a sign that more refineries will cut back or shut down and prices at the pump could sink to under $1 a gallon in more parts of the country, analysts said. In some sections of the Midwest on Wednesday, distributors were getting just about 10 cents for a gallon of
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The Federal Reserve is lifting the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s business lending programs. In a move that was expected, the central bank said Wells will have to return proceeds it gets from the Payment Protection Plan and a coming Main Street lending program
The headlines make the world go around, at least when it comes to stock trading. The news wasn’t so great in March but it might be getting better in April, and stock prices seem to be reflecting this. Today’s big stock charts showcase names that got some of that good news. Source: Shutterstock Encouraging news
Microsoft (NASDAQ:MSFT) stock is the ultimate anti-recession stock. The company produces so much cash flow and has so much cash that there is no concern about the dividend. Source: Peteri / Shutterstock.com In fact, there is almost no concern that Microsoft will not continue its share buybacks, on top of paying the regular dividend. Let’s
By now, most publicly traded companies have suffered at least sizable losses due to the novel coronavirus pandemic. However, few companies have been devastated like Alcoa (NYSE:AA). An aluminum and industrial metals specialist, the company gleamed during past economic paradigms. But as societies shifted their priorities toward digital innovations, Alcoa stock lost its luster. Source:
One sign of a good company is its ability to take advantage of mistakes committed by others. And that’s why opportunity is shining on Microsoft (NASDAQ:MSFT) stock these days. Source: NYCStock / Shutterstock.com It’s true — I can’t say enough about Microsoft stock right now because it’s hitting on all cylinders. I’ve already told you
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),
A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return, typically paid out annually out of the company’s profits or reserves. That investment approach is
Stocks tried to extend gains from Monday today, with the S&P 500 at one point coming close to meeting the technical definition on hopes that coronavirus case numbers are flattening out in New York, one of the epicenters of the respiratory illness in the U.S. However, late session selling led to modest losses. Source: Provided
As the number of coronavirus cases continues to rise globally, the airlines industry is among the worst-hit sectors. From its 52-week highs, United Airlines Holdings (NASDAQ:UAL) stock plunged by nearly 70%. After the announcement of the stimulus package and a bailout for airline companies, UAL stock rebounded sharply. Source: NextNewMedia / Shutterstock.com However, I still
Source: Shutterstock It’s become clear, folks, that we’re not going to have a “V-shaped” recovery, though that’s always the hope after a sharp market decline. We’re going to have a “U-shaped” recovery. It’s coming along this week, with a 10% rally in major indexes, including more than 2,000 more points tacked on to the Dow.
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The week started with a roar. At the open Tuesday, the S&P 500 was up almost 10% for the week. Investors were positively giddy about three events: 1)
Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It
Most investors would agree that the issues caused by the novel coronavirus haven’t been completely resolved yet. Still, it was nothing but upside to start the week on Monday as investors saw a light at the end of the tunnel. And Tuesday’s big stock charts show some of that illumination. Source: Shutterstock This could be
Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — people who depend on that dividend — so we’ve been pretty committed to maintaining that
Even prior to the unprecedented environment that we’re in, Under Armour (NYSE:UA, NYSE:UAA) represented a tough case against industry leaders Nike (NYSE:NKE) and Adidas (OTCMKTS:ADDYY). However, the combination of Under Armour’s baggage, along with the sharply deflated consumer market makes for an almost untenable argument for UA stock. Source: AuKirk / Shutterstock.com Primarily, I’m referring
Alongside the rest of the stock market, programmatic advertising leader The Trade Desk (NASDAQ:TTD) has seen its stock decimated by the coronavirus pandemic over the past six weeks. From its mid-February highs, TTD stock has dropped about 50%. Source: Shutterstock/ Bella Melo On one hand, this sell-off in TTD stock makes complete sense. The global
Take a look at some of the biggest stocks moving before the market opens: Exxon Mobil – Exxon Mobil said it was cutting 2020 capital expenditures by 30% and cash operating expenses by 15%, with the moves designed to put it in the strongest possible position when the energy markets improve. Slack Technologies – The
Younger investors have lately been buying shares of cruise lines, two Wall Street strategists told CNBC on Monday. TD Ameritrade‘s JJ Kinahan said Royal Caribbean and Carnival Corp. have been two stocks that the brokerage firm’s millennial clients have added to their portfolio in the month of Month. “At first you might be like, ‘Oh