ConocoPhillips (NYSE:COP) stock is down over 64% from its highs in the last year, and 63% or so from its January 2020 peak. As it stands, I believe COP stock may not have yet touched the bottom. Source: JHVEPhoto / Shutterstock.com Oil prices may keep falling. This will hurt all oil stocks, including COP. The
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.
Global lockdowns are bringing carnage to the economy and the stock market. Extreme selling over the past few weeks has resulted in plenty of losses for individual investors. Some are looking for stocks to buy, but many more are acting out of fear. Now we’re starting to get massive monetary assistance from the Federal Reserve
A customer views cars on display in a showroom of the Avilon dealership owned by the Ford Motor Company in Moscow. Anton Novoderezhkin/TASS (Photo by Anton NovoderezhkinTASS via Getty Images) Anton Novoderezhkin | TASS | Getty Images Check out the companies making headlines after the bell. Micron Technology — The semiconductor company’s stock jump 5% in
Kevin Matras explains the Price to Sales ratio and why it’s one of his favorite valuation metrics. Stocks highlighted include CACI, LF, NCI, RRGB and TRN.
Amazon may be the ultimate beneficiary in the post-coronavirus world, CNBC’s Jim Cramer said Wednesday, suggesting the company’s cloud unit and e-commerce business are both positioned nicely to thrive. “I think Amazon could go to $3,000 in this market,” Cramer said on “Squawk on the Street.” That would represent a more than 37% increase over last month’s
Tuesday was a spectacular day for the markets. Wednesday’s big stock charts focus on the worry that it might have been a little too spectacular. Source: Shutterstock Indeed, the Dow Jones Industrial Average saw its biggest gain on a percentage basis since 1933. The S&P 500 rallied over 9%. Whether due to hopes for a
The Covid-19 outbreak and the recent decline in oil prices have delivered a one-two punch to investors worldwide. Share prices of oil companies like BP (NYSE:BP) have simply crashed during this violent market pullback. BP stock gave back nearly triple its value year-to-date, before clawing back to a price nearly half of its pre-coronavirus highs. Source:
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
The face of this historic stock market crash is perhaps the cruise line industry. So it’s not a surprise to see Carnival Corporation (NYSE:CCL) stock fall almost 90% from its highs. In January CCL stock was $52 and at the lows of last week it was under $8 per share. Source: NAN728 / Shutterstock.com But
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2020. Brendan McDermid | Reuters Stocks appear to be finding the bottom but some strategists say it may be over a trap door that could give way to another big decline. Some credit markets are faring better,
The markets got a huge bounce on Tuesday, but they’re not out of the woods. That said, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Nvidia (NASDAQ:NVDA) has been bursting higher off the recent lows, already up $63 (33%) from the recent low. However,
Stocks are a good value for investors who think the economic hit from the coronavirus is temporary, Oakmark Funds partner Bill Nygren told CNBC on Tuesday. “We think stocks are really cheap if you believe, as we do, that the economy is going to eventually recover, as will the P/E multiples,” the value investor said on
Last month I wrote a hopeful article on Nokia (NYSE:NOK). I thought it was possible the company might be able to restore its dividends. That would be a boon for NOK stock — it would soar if dividends come back by the end of the year. Source: RistoH / Shutterstock.com However, NOK stock is not
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
Eventually, most PC users will see this … Source: Shutterstock It’s known as the blue screen of death in casual tech circles, but for those of you who haven’t experienced this harbinger of doom yet, let me assure you it will ruin your day. Blue screens often indicate severe hardware failures that can cost hundreds
For everyone trying to figure out what S&P 500 earnings will be in 2020, here’s a sobering comment from Joseph Wolk, Johnson & Johnson’s chief financial officer: “One thing I know for certain is we’re going to be 100% precisely wrong.” Wolk made the comment to The Wall Street Journal in reference to earnings guidance,
A customer uses an Apple Inc. iPhone to make a payment on a Square Inc. device in San Francisco, California, U.S., on Tuesday, March 27, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nike — The athletic apparel company’s stock soared 8% in extended trading after
Learn more about the best Oil ETFs, whether you are bullish or bearish. Original Article:http://www.zacks.com/commentary/70469/which-are-the-best-etfs-to-play-oil VELOCITYSHARES 3X INVERSE CRUDE OIL ETN: http://www.zacks.com/funds/etf/DWTI/profile?cid=CS-YOUTUBE-FT-VID IPATH SP GSCI CRUDE OIL TR INDEX: http://www.zacks.com/funds/etf/OIL/profile?cid=CS-YOUTUBE-FT-VID US Oil Fund: http://www.zacks.com/funds/etf/USO/profile?cid=CS-YOUTUBE-FT-VID SPDR ENERGY SELECT SECTOR SPDR FUND: http://www.zacks.com/funds/etf/XLE/profile?cid=CS-YOUTUBE-FT-VID VANGUARD ENERGY ETF: http://www.zacks.com/funds/etf/VDE/profile?cid=CS-YOUTUBE-FT-VID ISHARES US ENERGY ETF: http://www.zacks.com/funds/etf/IYE/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch
U.S. stocks tried, and failed, to rally on Monday. The S&P 500 and Dow Jones Industrial Average both staged midday rallies that nearly erased early-session losses. The NASDAQ Composite was in the green at one point, and did manage to close down just 0.27%. Still, the bottom isn’t yet in: the S&P faded late in