Given the awful deluge of novel coronavirus stats and sharply negative economic metrics, we could all use some good news. Heading into Good Friday last week, senior White House adviser Dr. Anthony Fauci provided exactly that. Rather than the 100,000 to 240,000 deaths that epidemiologists forecasted, Dr. Fauci now anticipates “only” 60,000 deaths. In theory,
Men work at a distribution station in the 855,000-square-foot Amazon fulfillment center in Staten Island, New York. Johannes Eisele | AFP | Getty Images Check out the companies making headlines in midday trading. Amazon — Shares of Amazon rose nearly 4% to a new all-time high as the e-commerce giant experienced unprecedented demand amid coronavirus-related shutdowns
Stocks slipped slightly lower in Monday’s session, after coming off a strong holiday-shortened trading week. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Netflix (NFLX) Netflix (NASDAQ:NFLX) remains a force to be reckoned with. The stock continues to plow higher as investors
Industrial giant 3M (NYSE:MMM) has been drawing a lot of attention over the past few weeks. The St. Paul-based company has found itself in the center of the coronavirus relief efforts. MMM stock has climbed about 10% in the past five days as the Trump administration announced plans to buy approximately 167 million masks from
Due to the black swan event of the novel coronavirus shutting down virtually all air travel, companies like Booking Holdings (NASDAQ:BKNG) are in serious trouble. Source: Denys Prykhodov / Shutterstock.com Prior to this mess, Booking’s core business — owning and operating travel fare aggregators — was on the upswing in 2019. Further, warming ties between
Alongside the rest of the market, the shares of online dating behemoth Match (NASDAQ:MTCH) have plunged over the past six weeks as the novel coronavirus pandemic has brought the global economy to a screeching halt. MTCH stock went from $95 in mid-January to $45 in mid-March. B Source: Shutterstock But as the number of new
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell. Roku Inc — The television streaming platform’s stock soared 9% in extended trading after the company estimated
It was a bumpy session in the stock market today. Bulls have taken the S&P 500 up considerably from the March lows, with the index rallying almost 30%. That said, we’re approaching earnings season. Given the incredibly high number of uncertainties currently present, it puts the stock market in a potentially vulnerable position. Johnson &
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FedEx (NYSE:FDX) stock and United Parcel Service (NYSE:UPS) stock staged a small relief rally on news that Amazon (NASDAQ:AMZN) will slow its efforts to strangle them. Source: Sundry Photography / Shutterstock.com Amazon is suspending its Amazon Shipping program, which let Amazon merchants who did their own warehousing ship through it. The pilot, which began two years
Investors have heard time and again that the trend is your friend. In the case of Chesapeake Energy (NYSE:CHK) stock, however, that couldn’t be further from the truth. For long-term CHK shareholders, the trend has been your worst enemy. Source: Casimiro PT / Shutterstock.com There comes a time when you just have to admit that
The unfortunate arrival of the novel coronavirus has produced some losers in the stock market but also some winners. Disney (NYSE:DIS) stock should have been a big loser in theory. But things don’t always work out as expected in the markets, do they? Source: nikkimeel / Shutterstock.com Sure, the pandemic has kept kids and their
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly. But there’s some good news: 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Caterpillar — Shares of the manufacturing company dropped more than 8% after Bank of America downgraded the stock to underperform from neutral. The bank said in
A pedestrian walks past a branch of ICICI Bank Ltd. in Mumbai, India, on Saturday, Oct. 19, 2013. Dhiraj Singh | Bloomberg via Getty Images Big bank stocks in India are falling like nine pins. Some investors believe that the gloominess might be overdone. Shares of private sector banks have had a wretched run of
Universally, the novel coronavirus pandemic has represented a vicious headwind. Even for companies that have benefitted from the “new normal” – grocers and gun stores come to mind – the uncertainty of tomorrow weighs heavily on all. However, for oil giant Exxon Mobil (NYSE:XOM), Covid-19 was the last thing it needed. Prior to this mess,
Shares of global media icon Disney (NYSE:DIS) have fallen off a cliff since February, par for the course as the coronavirus pandemic brings the global economy to a screeching halt. Source: spiderman777 / Shutterstock.com Year-to-date, DIS stock is down 30%, and nearly all of that decline has happened in the past six weeks. On one
Customers wait in a long queue to enter a Costco members wholesale outlet. Adrian Dennis | Getty Images Check out the companies making headlines after the bell. Disney — The entertainment giant’s stock shot up more than 7% after the company reported that Disney+ subscriptions surpassed 50 million. The new subscription number is almost twice
Do you know which investment whales were buying and selling your favorite stocks before the big rally to new highs?
I can’t help but feel bad for Caesars Entertainment (NASDAQ:CZR). As any gaming and resort company in Las Vegas, they are highly dependent on consumer sentiment. Prior to the novel coronavirus upending our record-breaking bull market, CZR stock was on the verge of something special. That’s according to Caesars CEO Tony Rodio, who stated that