After several sharp days of rallying, investors were greeted with harsh losses in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) opened lower by about 3% and fell almost 4% at its lows. However, the market regained its footing for most of the afternoon, as investors awaited the House result for the $2.2
Exxon (NYSE:XOM) pays $3.48 per share in dividends to its shareholders. Will the dividend be cut? So far, not. So the dividend yield for XOM stock is 9.8%. This is a rare bargain. Source: Harry Green / Shutterstock.com Exxon has made no statement that it is cutting the dividend since the coronavirus pandemic ramped up.
Jobs, wages, profits and dividends are all under siege for American oil companies. For years, Schlumberger (NYSE:SLB) stock was a stunner. That is, until mid-2014. Now, those glory days are long gone. Even when the price of oil powered its way up to $75 in October 2018, Schlumberger shareholders continued to suffer staggering losses. Source:
Before Microsoft (NASDAQ:MSFT) shareholders start freaking out and selling their Microsoft stock, there are no signs at the moment that the company will delay the release of its new gaming console, Xbox Series X. The console is slated to be released in the fourth quarter Source: NYCStock / Shutterstock.com However, Wedbush Morgan analyst Michael Pachter
Sanjay Mehrotra, CEO of Micron Technology, appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Gerry Miller | CNBC Check out the companies making headlines midday Thursday: Micron Technology — Shares of the semiconductor company rose 6.8% Thursday after beating Wall Street expectations on
CNBC’s Jim Cramer said Friday he did not think investors were properly factoring in the likelihood a successful antiviral treatment for COVID-19 is developed. “Is anyone even thinking anymore that there is something going on at any drug company that actually may have an antiviral?” Cramer said on “Squawk on the Street.” “I have just been
The world is facing a historic market in the making. The coronavirus and our efforts to contain it have pulled investors in every which way, and Main Street needs guidance now more than ever. With InvestorPlace Mission Control, our writers and editors aim to bring readers up-to-the-second financial news, market insights and the best stock
Bank of America (NYSE:BAC) is the second-largest bank in the United States, with 5,000 locations and a footprint that stretches across 37 states . It is truly a “national” bank and a dominant player with retail accounts, loans, mortgages and wealth management services. But along with the other big banks, BAC stock has been hammered
After a stunning fall to $10, shares of American Airlines (NASDAQ:AAL) have since been on a tear. Note that AAL stock is now at $15. Yet despite this rally, the company still sports a miserable year-to-date loss of 50%. Source: GagliardiPhotography / Shutterstock.com The volatility is certainly understandable as it is extremely difficult to gauge
With so much going on in the world, it’s difficult to step outside of our day-to-day concerns and think about the future. Cities, states, and whole countries are hunkering down to prevent the spread of the coronavirus to vulnerable populations. The toll on human life is tragic, while the economic impact has cut swift and
People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images Everything from auto sales to manufacturing surveys and employment data in the coming week will likely paint a bleak picture of
By one measure, the bull market returned on Thursday. As we noted in yesterday’s Big Stock Charts, there was a technical argument that the Dow Jones Industrial Average had done so yesterday. The case is easier to make after the Dow rallied another 6.4% on Thursday. Source: Shutterstock As Barron’s noted, the term “bull market”
Pershing Square Capital manager Bill Ackman defended his emotional CNBC appearance last week after his fund announced a few days later that it made over $2 billion on bets against the markets. The investor warned that “hell is coming” and that hotel stocks could go to zero in the interview. “Shortly after the show, I
There’s no doubt that the generous dividend offered by Delta Air Lines (NYSE:DAL) has been one of the best reasons for holding DAL stock. Source: Markus Mainka / Shutterstock.com For the immediate future, however, those payments are at an end. Delta stock has been bushwhacked along with the rest of the airline industry in recent
It’s been an insane month for airlines stocks. Legacy carrier United Airlines (NASDAQ:UAL) has been no exception. UAL stock traded for $90 as recently as January. Last week, it sold for a low of just $18, amounting to an 80% loss of value in scarcely two months. Source: NextNewMedia / Shutterstock.com However, United’s fortunes are
In the wake of the onset of the coronavirus from China, some unexpected opportunities have arisen in the markets. Work-at-home stocks have gained traction lately, including those in the e-signature niche. Therefore, an intriguing asset for investors in these troublesome times is DocuSign (NASDAQ:DOCU) stock. Source: Sundry Photography / Shutterstock.com You might not have considered
Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty Major stock indices, in just a few days, have made back more than half their losses, but technical analysts warn the market is setting up for a retest that will decide whether Monday’s lows
Another solid pop in the stock market has the Dow Jones Industrial Average 25% off its highs and up 18% from its lows. Something’s got to give. That said, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO) We’ve seen a huge rebound in the market
Brendan McDermid | Reuters It might be premature to declare the bear market dead, but Thursday’s action sure checked off some important boxes. Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen. Nearly
TJX (NYSE:TJX), the discount retail store chain, took decisive action on March 19 to save its liquidity. As a result, the company will survive and TJX stock will rebound significantly as the coronavirus from China wanes. Source: Joe Hendrickson / Shutterstock.com TJX has 4,529 stores throughout the world as of Feb. 1, 2020. They operate