Like almost all industries, oil and energy have suffered during the coronavirus pandemic. BP (NYSE:BP) has been subject to this downturn along with all of Big Oil. The double-whammy of the Russia-Saudi price war and oil demand bottoming out has dealt energy a proportionally larger blow than most industries. BP stock has suffered, but out
Stocks soared to start the week after Moderna (NASDAQ:MRNA) said its vaccine to treat the novel coronavirus showed promise in boosting the immune system to ward off the deadly respiratory illness. Source: Provided by Finviz The S&P 500 soared 3.15%. The Dow Jones Industrial Average added 3.85% The Nasdaq Composite climbed 2.44% Underscoring just how strong
What Is Oscar Insurance? Oscar is a startup health insurance company that uses technology in ways that differentiate it from traditional insurance providers. In addition to receiving free doctor visits, customers can speak to doctors for free over the phone at any time. Oscar’s plans also provide free preventive care and generic drug prescriptions. Customers
Cloud giant ServiceNow (NYSE:NOW) has been a winner on Wall Street for a long time. Over the past five years, NOW stock is up 400%. Source: Sundry Photography / Shutterstock.com Thanks in part to the novel coronavirus, ServiceNow’s winning streak won’t end anytime soon. ServiceNow provides digital workflow solutions. It is the best in the
While BP (NYSE:BP) stock has bounced off its lows in mid-May, the shares have since stalled out. They have been in a $20 to $24 range. And yes, the stock is well off its 52-week high, which is $43. Source: Shutterstock Now BP does have its advantages. Let’s face it — in the current harsh
The stock market rally off the March lows has certainly been impressive, especially in light of the uncertainty from the novel coronavirus. But it’s been generally the highest quality companies, like Chevron (NYSE:CVX), that have seen the strongest gains. Chevron stock is up a sizzling 61% since mid-March. Source: Jeff Whyte / Shutterstock.com Granted, unlike
Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The biotech company announced positive interim data from a phase 1 study of its novel coronavirus vaccine candidate. Moderna said dose-dependent increases in immune responses were seen across three different dose levels, and that the treatment was generally safe and
It was an ugly session for the bulls in the stock market today. The S&P 500 shed 1.75%, after falling 2% on Tuesday thanks to a late-session decline. After a bottom-to-top rally of roughly 35%, investors have to be open-minded about a pullback. In fact, under the right circumstances, a pullback can even be healthy.
The Trade Desk (NASDAQ:TTD) is one of the best growth stocks out there — and I’m not trying to be hyperbolic. Yet TTD stock plunged from $320 in February to sub-$150 in March, down 58%. Source: BrightSpace / Shutterstock.com I don’t think that The Trade Desk deserved such a plunge and I’ll highlight why in
The shares of the major U.S. airlines continue to sink. For the past week, airlines have hit new lows almost every day, and Delta (NYSE:DAL) stock is following the trend. DAL is down 10% in the last week and is below $20 for the first time since 2013. Source: Markus Mainka / Shutterstock.com As you
A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters The stock market is flashing warning signs, as some investors are re-evaluating the economy’s
Equities began with a plunge in the stock market today. However, buyers stepped in on Thursday, bidding up the losses and pushing stocks higher on the day. The S&P 500 ended higher by 1.15% as a result. The initial move lower was not helped by the latest report from the labor market. The weekly jobless
The top-down investment strategy is based on determining the health of the economy, the strength of different sectors, and then picking the strongest stocks within those sectors to maximize returns. If the economy is performing well, investors can choose the sectors as well as stocks within those sectors that are on the rise. Even if
One of the biggest threats facing Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) as the novel coronavirus shuts down the global economy is how it would affect ad sales. As the U.S. spirals into a likely depression, GOOG stock would surely suffer. Source: rvlsoft / Shutterstock.com Right? So, it was a pleasant surprise for investors that Alphabet disclosed in
Netflix (NASDAQ:NFLX) has been surging since the outbreak of the Covid-19 pandemic. NFLX stock is up nearly 50% since the market sell-off in mid-March. Source: Riccosta / Shutterstock.com The company’s streaming service is getting a (hopefully) once-in-a-lifetime opportunity. It seems that even consumers who held out from the streaming service are giving Netflix a try,
A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, U.S., on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images Jobless claims were up by another 2.98 million last week, but within the
The S&P 500 gapped down on Friday, as trade tensions flared between the U.S. and China. However, it wasn’t a disastrous session in the stock market today. The index bottomed in the first 15 minutes of trading and climbed slowly in the afternoon. Ultimately, the S&P 500 ended higher by 0.39% on the day, although
Covid-19 caused tremendous human tragedy and it also decimated millions of businesses worldwide. The quarantine was especially harsh on the hospitality and entertainment industries. Many gaming stocks like Penn National Gaming (NASDAQ:PENN) lost 75% or more of their value. But this not their first time facing difficulties, so management teams are smart enough to handle
Given the tough challenges that Starbucks (NASDAQ: SBUX) faces, SBUX stock looks meaningfully overvalued at this point. Source: Grand Warszawski / Shutterstock.com The Recession and Social Distancing One obvious headwind that Starbucks has to cope with is the recession. Although, as I’ve pointed out previously, the vast majority of high-income individuals have kept their positions
April retail sales are expected to have fallen by a record amount as Americans cut back spending on many nonessentials during the virus-related shutdowns. Economists expect April sales plunged by 12.3%, compared to the previous record drop of 8.7% in March, according to Dow Jones. Excluding automobiles, sales are expected to decline by 9.6% month-over-month,