Stocks are looking past the gloom of deeply recessionary economic news and finding hope in a reopening economy and the idea that drugs may ultimately be able to help fight the coronavirus. The market bounded higher Wednesday on a combination of what look like ‘green shoots,’ the most hopeful of which were reports of Gilead’s
We saw another massive rally in the stock market, as investors continue to digest earnings. With that in mind, here’s a look at a few top stock trades from the day. Top Stock Trades for Tomorrow No. 1: Facebook (FB) While it’s nice to see mega-cap tech and social media rally, it’s concerning to see
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
Latest Stocks to Buy Updates: Loop Capital: Buy Netflix Stock on Subscriber Growth [Wednesday, April 29, 4:35 p.m.]Contributed by Sarah Smith In his daily column, InvestorPlace’s Bret Kenwell wrote that one analyst is particularly bullish on Netflix (NASDAQ:NFLX) stock. Loop Capital’s Alan Gould reiterated his “buy” rating, assigning a new price target of $500. That implies more
[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com Should you buy Penn National Gaming (NASDAQ:PENN) stock? Shares have rebounded in recent weeks, as investors shake off novel coronavirus concerns,
Prakash Singh | AFP | Getty Images Check out the companies making headlines in midday trading. Alphabet — Shares of Google-parent Alphabet rose 9% following the technology giant’s quarterly earnings. The report showed advertising revenue slowed but is starting to moderate. Adjusted earnings came in at $9.87 per share, lower than the $10.33 forecast by analysts,
Some experts say that the technology sector is what leads the entire stock market, both up and down. There might be some truth to this, so it behooves traders to pay close attention to the leaders in this vital component of the markets, not to mention their big stock charts. Source: Shutterstock This was evident
Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday. “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
I decided late last week that I wanted to share this positive upside note on Canopy Growth (NYSE:CGC) stock. But doing it after Monday’s 12% spike — and with little of that lost on Tuesday — makes it difficult because I dislike chasing runaway rallies. Regardless, CGC stock is showing life and remains my pick
With the coronavirus from China continuing to affect the United States, should you buy Moderna (NASDAQ:MRNA) stock? As the world searches for a vaccine, scores of biotech firms have thrown their hat in the ring. But what makes this company a strong contender? The key appeal is that Moderna has the first testable vaccine. Yet,
A woman walks in the rain outside the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters I know this sounds strange, but this was a good day for the stock market, even with
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Fed is not expected to announce any new policy initiatives when its meeting ends Wednesday, but it could provide
Stock indices continue to waver as we gear up for some big earnings reports over the next few days. Let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Harley-Davidson (HOG) Harley-Davidson (NYSE:HOG) is making a powerful move on Tuesday, up about 16% at the time of this writing. After
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
Unless you’ve been living in a submarine and cut off from all communications, you know that the markets have tumbled badly due to the novel coronavirus. And with so many publicly traded companies printing red ink, it’s tempting to go contrarian and just consider everything as stocks to buy. Given the wide-scale devastation, though, it’s
The novel coronavirus may be a boon for big box stores. That’s evident as stocks like Walmart (NYSE:WMT), Costco (NASDAQ:COST) and others trade at prices at or above their pre-outbreak highs. But for many retailers and retail stocks, things are not so peachy keen. Many retailers face continued store closing due to being classified as
When the equity markets were in a meltdown mode, Royal Caribbean Cruises (NYSE:RCL) plunged to $19.25. But RCL stock doubled from the lows and trades at $39.47. This has been in line with some respite for the broad markets. Source: Laszlo Halasi / Shutterstock.com At current levels, I believe that it might not make sense
An empty New York City subway car. Preston Rescigno | Getty Images The $3.8 trillion market for funding state and local governments, airports, schools and hospitals faces a test this week as New York City’s transit agency offers bonds to the market for the first time since the coronavirus emptied its subways, trains and buses.
Oil slipping? No worries! The week started off in a decidedly risk-on mood as traders gave a boost to the major stock market indexes. Evidently, they were optimistic that U.S. states would soon re-open after shutdowns related to the novel coronavirus put a damper on the economy. Source: Shutterstock Still, investors might want to exercise
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company’s annual shareholder’s meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire’s vice chairman of non-insurance operations, taking previously submitted questions