BP (NYSE:BP) stock has been hit pretty hard in the past year. It is down 45% from the 52-week peak. In the past month, though, the stock has actually risen 34% from its low on March 18. Right now BP stock has a very attractive dividend yield of more than 10%. But will this last?
An Uber Eats food delivery courier closes a bag with an order during a lockdown, imposed to prevent the spread of coronavirus disease (COVID-19), in central Kiev, Ukraine April 2, 2020. Valentyn Ogirenko | Reuters Check out the companies making headlines after the bell. Gilead Sciences — The pharmaceutical company’s stock surged 13% in extended trading
It was a back and forth session on Thursday, with little progress made in either direction. With that in mind, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Morgan Stanley (MS) Like most of the bank stocks, Morgan Stanley (NYSE:MS) is struggling to rally after
SpaceX CEO Elon Musk speaks at a press conference where he announced the Japanese billionaire chosen by the company to fly around the moon, on September 17, 2018 in Hawthorne, California. Mario Tama | Getty Images SpaceX is launching more often than any other country or company and CEO Elon Musk touted low insurance costs as proof
On Feb. 13, I warned investors holding Aurora Cannabis (NYSE: ACB) stock there could be more pain ahead. Since then, the stock is down another 49.6% to trade under 75 cents. Source: Jarretera / Shutterstock.com This week, Aurora announced a new $350 million equity facility and a 12-to-1 reverse stock split. Aurora stock has tremendous
Halliburton (NYSE:HAL) and other oil services names are among the epicenters of damage resulting from oil’s current bear market. Underscoring the industry’s sensitivity to oil’s price fluctuations, Halliburton stock has tumbled 72% over the last three months. But over the past month, The shares have embarked on a potentially ill-conceived rally during which the stock
With Ford (NYSE:F) not paying a dividend and facing plenty of uncertainty, many investors are wondering why they should consider buying F stock. The shares are still down 46% this year, as the automaker desperately attempts to work through this tough economic patch. Source: Vitaliy Karimov / Shutterstock.com Unfortunately, automotive stocks never really recovered from
Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020. Gonzalo Fuentes | Reuters Check out the companies making headlines midday on Thursday: Netflix — Shares of the streaming giant rose nearly 5% to an intraday all-time high of $449.52 per share on Thursday. The
One of the big themes emerging due to the novel coronavirus outbreak is the effect of the virus on economic data and how equity markets are reacting to that news. As Wednesday’s market action suggests, poor economic data is likely to be met with ugly stock market response. The S&P 500 dipped 2.20% The Dow
Michael Corbat, CEO of Citigroup at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Citigroup reported first-quarter earnings on Wednesday. Here’s how the company did: Earnings: $1.05 per share vs $1.87 per share in the year-earlier period Revenue: $20.7 billion, up 12% from the previous year Net income: $2.52 billion, down 46% from
Ever since mid-2017, I’ve warned time and time and time again that struggling mall retailer J.C. Penney (NYSE:JCP) was headed for the retail graveyard, and that JCP stock is a strong sell. Source: Supannee_Hickman / Shutterstock.com During that stretch, JCP stock lost 95% of its value, dropping from $4 … to 20 cents. And now, it
Marathon Oil’s (NYSE:MRO) low oil production costs — combined with the likely rebound of oil prices and the oil price hedges the company has carried out — make MRO stock attractive at its current levels. Source: Jonathan Weiss / Shutterstock.com Marathon reportedly has very low oil production costs. With a $2.2 billion capital budget and
Johnson & Johnson (NYSE:JNJ) stock, previously labeled a slow-growth “loser” pharmaceutical play, is now hot again. Source: Sundry Photography / Shutterstock.com Shares are up 19% since March 23. They rose almost 5% on April 14, after the company delivered a strong first quarter and said it was working on a vaccine for the novel coronavirus.
Miguel Diaz, who works for the City of Hialeah, hands out unemployment applications to people in their vehicles in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle | Getty Images The number of workers filing for unemployment claims could again top 5 million for the week ended
Stocks slipped in the opening minutes of Wednesday trading, but clawed back some of those losses by the close. With that in mind, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Goldman Sachs (GS) Goldman Sachs (NYSE:GS) is one of the few bank stocks rallying after
David Solomon, the CEO of Goldman Sachs, speaks during the Bloomberg Global Business Forum in New York, September 25, 2019. Shannon Stapleton | Reuters Goldman Sachs reported first-quarter earnings before the opening bell Wednesday. Goldman Sachs earned $3.11 a share in the first quarter with revenue of $8.74 billion. Goldman shares are lower by 1.6% in
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In what seemed like an April Fools joke that had come one day late, news broke on April 2 that Luckin Coffee (NASDAQ:LK) COO Jian Liu had reported falsified sales numbers for 2019. The revelation sent LK stock down more than 80% in pre-market trading that day. Source: Keitma / Shutterstock.com Unfortunately for Luckin investors,
Advanced Micro Devices (NYSE:AMD) was a star among semiconductor names last year, but this year, AMD stock and its chip brethren are being hampered by supply chain disruptions, among other factors, stemming from the novel coronavirus outbreak. Source: Joseph GTK / Shutterstock.com Yet, AMD is displaying notable strength. The stock is up 11.9% year-to-date while
With OPEC+ agreeing to terms on a production cut, does that make BP plc (NYSE:BP) a buy? Shares have been hammered, as have most energy names, with BP stock still down 38.6% from its 2020 highs. Source: FotograFFF / Shutterstock.com From peak to trough, BP fell more than 60%. Investors were dumping everything in the