If you’ve been to the grocery store during this pandemic mess we’re in, then you know what I’m saying is right: As much as the coronavirus shutdown is wrecking the economy and stock market right now, grocery stocks like Kroger (NYSE:KR) are the bright spots of your portfolio. In fact, Kroger stock is up nearly
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – The company announced it has identified a lead COVID-19 vaccine candidate, and plans to begin phase 1 clinical trials by September at the latest. Its intention is to have the first batches of vaccine available for emergency use
Paul Tudor Jones Kevin Mazur | Getty Images Hedge fund manager Paul Tudor Jones said Thursday investors should commend Washington’s policy response to the economic shock from the coronavirus pandemic. “Investors can take heart that we’ve counteracted this existential shock with the greatest fiscal, monetary bazooka. It’s not even a bazooka. It’s more like a nuclear bomb,”
In a sign that markets can and do anticipate bad news, sometimes efficiently baking it in before it becomes official, stocks soared again Thursday even as jobless claims across the U.S. swelled to 3.28 million last week, or quadruple the prior record. Source: Provided by FInviz The S&P 500 advanced 6.24% The Dow Jones Industrial
In the recent past, Plug Power (NASDAQ:PLUG) has seen significant volatility. After touching a 52-week high of $6.05 in the third week of February, PLUG stock declined by 54% to $2.76. Source: Shutterstock This decline was triggered by the company’s 40 million share offering at $2.75. Subsequently, the stock has moved higher by 46% and
Micron Technologies (NASDAQ:MU) stock is proof there is life after the coronavirus from China. Source: Charles Knowles / Shutterstock.com The memory chip maker surprised analysts by earning $405 million, 36 cents per share, on revenue of $4.8 billion for the quarter ending in February. This coincided with the heart of the pandemic in China and
The Cboe Volatility Index (VIX), has become one of the most widely watched indicators of market sentiment in the world. In theory, it works on a simple principle: It is a measure of the stock market’s expectation of volatility over the following 30 days based on near-term S&P 500 index options, both puts and calls.
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
Morgan Stanley CEO James Gorman told his employees that despite the upheaval caused by the coronavirus pandemic, their jobs will be secure through this year. “I am sure some, if not many, of you are worried about your jobs,” Gorman said Thursday in a staff memo. “While long term we can’t be sure how this
After a rapid rebound this week, the stock market took a break, dipping several percent for the bulk of Friday’s session. Let’s look at a few top stock trades for Monday. Top Stock Trades for Tomorrow No. 1: Alphabet (GOOG, GOOGL) Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has been climbing back from the depths, along with the rest
The sudden collapse in the price of oil will hurt natural gas exploration firms the most. Chesapeake Energy (NYSE:CHK) stock is especially vulnerable. The firm has an unsustainable debt load and cannot service the interest payments with energy prices falling. Source: Novikov Aleksey / Shutterstock.com CHK stock tried to hold the 50 cent support line
Editor’s note: This article is a part of InvestorPlace.com’s Best Stocks for 2020 contest. John Jagerson and Wade Hansen’s pick for the contest is Disney (NYSE:DIS). When we started our original write up for this year’s top stock pick with “Please keep your arms and hands inside the ride at all times … 2020 is going to be
Job seekers stand in line at the employment help center in Miami, Florida. Getty Images About 1 million to 4 million people may have filed for unemployment benefits last week, the largest number ever in such a short time. The filings figure, which will be released Thursday before U.S. markets open, will be the first
Dell CEO Michael Dell Getty Images Executives are loading up on their company shares as the coronavirus-driven sell-off dents the broader market, signalling the heads of U.S. businesses are confident their companies will rebound. The heads of Dell Technologies and Wells Fargo are purchasing shares while outsiders ditch riskier assets, sucking trillions in value from
Halting a three-day winning streak, stocks tumbled Friday as investors appeared to sell the news on the House of Representatives passing the $2 trillion stimulus and as coronavirus case data grew increasingly ominous. Source: Provided by Finviz The S&P 500 slid 3.37% The Dow Jones Industrial Average lost 4.12% The Nasdaq Composite dropped 3.79% In a
So far, this week is proving to be a better one to be long the market. Yet not every company is participating in the rally. One of those left behind is the cleaning products specialist Clorox (NYSE:CLX) stock. In especially the first half of March, while its disinfecting wipes were flying off supermarket shelves, investors jumped
Both the supply and demand sides of the equation spell trouble for Big Oil today. Holders of BP (NYSE:BP) stock have suffered staggering losses amid the energy-sector rout. Some audacious traders might wonder if this is the time to grab some cheap shares and hope for the best. Source: FotograFFF / Shutterstock.com That’s an ill-advised
Despite my long-term bullishness, I concede that the wild swings in the markets have been discomfiting for my readers. Truly, we’re witnessing an unprecedented response to this crisis that will impose both societal and economic scars. As you might expect, companies which are levered to consumer sentiment like Tesla (NASDAQ:TSLA) have taken a beating. At
The first crushing wave of 3.28 million workers seeking unemployment benefits is expected to be followed by millions more in coming weeks as the impact of virus-related shutdowns ripples across the U.S. economy. Economists had expected anywhere between 1 million and 4 million new claims to be filed for the week ending March 21, as
American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation: