After multiple days of outsized price moves, the stock market was indecisive on Thursday. For hours at a time, stocks went nowhere or darted to and fro, causing confusion and frustration. Source: Shutterstock That’s going to happen sometimes and traders need to be ready for noncommittal price action in the markets. Head-fakes and sucker’s rallies
From 2007 through 2019, I wrote the weekly Activist Spotlight column at Barron’s. I have now joined the CNBC team and will be writing the weekly update exclusively for CNBC readers. Due to the coronavirus crisis we have delayed the launch of this column, but we believe now is the right time to start focusing
After developing a novel coronavirus test in lightning speed, Co-Diagnostics’ (NASDAQ:CODX) stock soared to the stratosphere. The shares of the previously little-known company surged from less than $1 at the end of 2019 to a high of nearly $22 at the beginning of March. Source: Shutterstock But since then, for good reason, the stock has
If people aren’t spending money, then it’s a lot harder for credit card companies like Visa (NYSE:V) to make a profit. And that’s the conundrum facing V stock these days. Source: Tada Images / Shutterstock.com The novel coronavirus’ impact on the U.S. and global economy has been horrific, with the International Monetary Fund warning of
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fayetteville, Arkansas, April 6, 2020. Nick Oxford | Reuters One out of every five workers in Michigan and Pennsylvania have applied for unemployment benefits, compared to just one out
What started off as a bang quickly died out. Equities came into the stock market today on a high note on hopes that Gilead Sciences (NASDAQ:GILD) would crack the code on a novel coronavirus treatment. On Thursday after the close, a report talked up the promising impact Gilead’s remdesivir is having on Covid-19 patients. We
The SpaceX Falcon 9 rocket emblazoned with the famous NASA “worm” logo for the Demo-2 mission/ NASA NASA and SpaceX are targeting May 27 for the launch of Demo-2, the first launch of NASA astronauts from the U.S. since 2011 and the first crewed launch for Elon Musk’s space company. As its name implies, Demo-2
At-home connected fitness company Peloton (NASDAQ:PTON) has turned into one of Wall Street’s favorite stocks to buy amid the novel coronavirus pandemic. This investor favoritism has led PTON stock to essentially double over the past month alone. Source: Sundry Photography / Shutterstock.com The logic ostensibly makes sense. The at-home fitness trend — which was already
The level of hate for airline stocks is as high as it has ever been. That is saying a lot because investors hated them for decades because of intrinsic problems with cost and human resources controls. Since then, the airlines streamlined a lot of processes and that propped up their financial performances. Consequently and over
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 Earnings from IBM, Netflix, Coca-Cola and dozens of others are expected in the week
After a strong start to the day, most stocks faded on Friday. With that in mind, let’s look at a few stock trades for Monday. Top Stock Trades for Monday No. 1: Boeing (BA) Boeing (NYSE:BA) caught a spark on Friday, jumping more than 12%. This move seems small, even on the daily chart, given
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Biotech stocks surged Friday after new details on a closely watched clinical
One of the last things that anyone needs during a pandemic is a ride-sharing service, especially when travel is restricted and social distancing is the new buzzword. And that’s just one of the problems facing Lyft (NASDAQ:LYFT) stock these days. Source: OpturaDesign / Shutterstock.com Worse, Lyft isn’t even the leader in that space — the
On Apr. 8, McDonald’s (NYSE:MCD) provided a Covid-19 update along with its comparable store sales data for the first quarter. The fact that it was able to eke out a 0.1% increase in U.S. same-store sales in the first three months of the year is pretty remarkable. Source: 8th.creator / Shutterstock.com Unfortunately, the company’s
The number of companies withdrawing or declining to provide earnings guidance continues to grow, with Abbott, ConocoPhillips, Jack in the Box, GoPro, and Bed Bath & Beyond in just the last couple days. JPMorgan, in a note to clients, said that so far 86 S&P 500 companies have suspended earnings guidance. Not surprisingly, some in
Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant earned $1.17 per share for its latest quarter, beating consensus estimates by 4 cents a share. Revenue came in below analysts’ projections. Organic sales were up 6% during the quarter thanks in large part
Editor’s Note: Dow Jones Today will not be publishing on April 17. It will return Monday, April 20. If you needed any more proof that the COVID-19 market environment can and will throw investors a curveball, Thursday wasn’t an awful day for equities despite another batch of weekly jobless claims numbers that were, well, awful.
CNBC’s Jim Cramer on Wednesday made a case for investors to choose individual stock picking over index funds going through market turmoil. The “Mad Money” host laid out a “shelter-in-place” list of companies that he projects can cut through the global economic challenges set off by the coronavirus pandemic. “For years, lots of very smart
Prior to the historic OPEC+ deal, Saudi Arabia shocked the global community when it engaged in a bitter oil price war with Russia. Naturally, this impacted the U.S. energy markets, particularly oil firms that were already deeply embattled. But the geopolitical rift also took down sector giants like Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). Fortunately,
While Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has rallied nicely — along with the other mega tech operators like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) — the shares are still about 18% off their highs. It was back in March that GOOG stock was at $1,532. Now it’s at $1,249, putting the market capitalization at $857 billion. Then again,