Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
Yes, the markets are roaring back and even first-quarter earnings are looking better than expected. But even as businesses open up and the novel coronavirus fades, we’re not headed back to normalcy quickly. It’s going to take a while. Also, all measures of performance are in an odd spot. How do you calculate what good
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images April’s 12% rally in the S&P 500 has been based largely on hopes for a reopening of the U.S. economy, but if you want to know how fragile the reopening may
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also
Going shopping at your favorite retail outlets can be enjoyable, though it’s usually not profitable. Shopping for bargains in the retail niche can be highly lucrative, however, if done correctly. Source: Shutterstock Due to the spread of the novel coronavirus, the brick-and-mortar retail sector has struggled lately. Stay-at-home mandates have presented persistent fiscal issues for
As the novel coronavirus pandemic impacts economic activity and consumer sentiment, it’s about survival for companies in several sectors. In particular, sectors like energy, airline, cruising and tourism are severely impacted. Carnival (NYSE:CCL) stock has witness significant correction in the current year with the cruising activity almost coming to a halt Source: Ruth Peterkin /
Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the
To put it delicately, the oil mayhem is dominating the oil market this year, taking equities such as BP (NYSE:BP) along for the ride. BP stock is lower by 37% year-to-date as the United States Brent Oil Fund (NYSEARCA:BNO) – much of the company’s output is priced in Brent – is off a staggering 70%.
If you got into Exxon Mobil (NYSE:XOM) on March 16, you are seeing a great bargain. That was when XOM stock dropped to its low of under $33 per share. It will open May at $46.47. It just announced the 87-cent per share dividend will remain (for now). Source: Harry Green / Shutterstock.com If you
Caution tape is seen at a subway train on April 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Squeezed by a lack of ridership, the authority that runs New York City’s subways and buses may go to the Federal Reserve for a loan. The Metropolitan Transportation Authority on Tuesday delayed a
There are still some big earnings reports left for Thursday evening and Friday morning, as investors look for clarity heading into the weekend. With that in mind, here’s a look at a few top stock trades now. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN) Amazon (NASDAQ:AMZN) has been trading very bullishly over the
A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo, one of the largest home lenders in the U.S., said it it stepping away from the market for home equity lines of credit because of uncertainty tied to the coronavirus pandemic. Here’s the statement
Facebook (NASDAQ:FB) reported its first-quarter earnings results on Wednesday, April 29 after the close. With a 6.2% rally in the regular session, it was understandable for investors to be worried about a sell-off. However, FB stock ripped higher by almost 10% in after-hours trading. Source: TY Lim / Shutterstock.com That’s a clear sign that investors
[Editor’s note: “Wait for a Pullback Before Buying United Airlines (UAL) Stock” was originally published on April 9. It is regularly updated to include the most relevant information.] Source: NextNewMedia / Shutterstock.com United Airlines (NASDAQ:UAL) stock is bouncing back. Does that make shares a buy? Yes and no. The legacy carrier isn’t out of the
A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images Half of the S&P 500 companies have reported earnings for the first quarter and this has been the strangest earnings season imaginable. Consider: Global activity has ground to a halt in some sectors, but
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported quarterly profit of 11 cents per share, a penny a share above estimates. Revenue and the number of monetizable daily active users beating forecasts as well. Twitter is not giving any guidance for the current quarter or the
Movement is what pays the bills for active traders and investors. Without it, both long-side and short-side traders would be stuck going nowhere. Thankfully, there was plenty of movement in the stock market on Wednesday. Source: Shutterstock Sometimes it’s a mystery as to why stocks move the way they do. In other cases, we can
General Electric reported Wednesday a steep declines in first-quarter revenue and earnings as the industrial giant took a hit amid the coronavirus pandemic. The company posted a total revenue of $20.524 billion, which represents a year-over-year decline of 8%. GE Industrial profits fell 46% year over year to $1.096 billion from $2.017 billion. On an
A lot of investors have had their eye on Intel (NASDAQ:INTC) lately. Not only does it tend to trade alongside Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), which are also spotlight-type stocks, but INTC stock is a major technology player. Source: Sundry Photography / Shutterstock.com With its $261 billion market cap, Intel is no speck
Chipotle (NYSE:CMG) reported strong first-quarter results, and its digital sales have soared during the outbreak of the novel coronavirus. While the latter trend is likely to continue, the company is relatively poorly positioned for the current recession. Moreover, the valuation of CMG stock is quite high. Consequently, I recommend selling the shares at their current