Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg | Getty Images Banks are scrambling to process a growing backlog of applications for the
After an ugly reversal on Tuesday, equities posted a solid bounce on Wednesday. With that in mind, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: Pinterest (PINS) Pinterest (NYSE:PINS) stock surged higher on Wednesday, up more than 10% at one point, after the company reported
It’s no surprise that airline stocks have been among the hardest hit names as a result of the coronavirus pandemic. It’s hard for them to make money when no one is flying. American Airlines’ (NASDAQ:AAL) stock has shed over 60% since mid-February. Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A,BRK.B) has been hammered by its exposure to airline
Lululemon Athletica (NASDAQ:LULU) stock is back on the upswing. Yes, Lululemon stock got clobbered during the March crash — shares declined by as much as 50%. But they have recovered swiftly, with shares rallying from $130 to $195 over the past couple weeks. There’s good reason for that. Source: Richard Frazier / Shutterstock.com Looking at the
Wholesale gasoline prices are collapsing, a sign that more refineries will cut back or shut down and prices at the pump could sink to under $1 a gallon in more parts of the country, analysts said. In some sections of the Midwest on Wednesday, distributors were getting just about 10 cents for a gallon of
Hello and welcome to Zacks Investing For Beginners. This episode explores some of the best ways to start buying and picking stocks…
The Federal Reserve is lifting the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s business lending programs. In a move that was expected, the central bank said Wells will have to return proceeds it gets from the Payment Protection Plan and a coming Main Street lending program
The headlines make the world go around, at least when it comes to stock trading. The news wasn’t so great in March but it might be getting better in April, and stock prices seem to be reflecting this. Today’s big stock charts showcase names that got some of that good news. Source: Shutterstock Encouraging news
Microsoft (NASDAQ:MSFT) stock is the ultimate anti-recession stock. The company produces so much cash flow and has so much cash that there is no concern about the dividend. Source: Peteri / Shutterstock.com In fact, there is almost no concern that Microsoft will not continue its share buybacks, on top of paying the regular dividend. Let’s
By now, most publicly traded companies have suffered at least sizable losses due to the novel coronavirus pandemic. However, few companies have been devastated like Alcoa (NYSE:AA). An aluminum and industrial metals specialist, the company gleamed during past economic paradigms. But as societies shifted their priorities toward digital innovations, Alcoa stock lost its luster. Source:
One sign of a good company is its ability to take advantage of mistakes committed by others. And that’s why opportunity is shining on Microsoft (NASDAQ:MSFT) stock these days. Source: NYCStock / Shutterstock.com It’s true — I can’t say enough about Microsoft stock right now because it’s hitting on all cylinders. I’ve already told you
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),
A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return, typically paid out annually out of the company’s profits or reserves. That investment approach is
Stocks tried to extend gains from Monday today, with the S&P 500 at one point coming close to meeting the technical definition on hopes that coronavirus case numbers are flattening out in New York, one of the epicenters of the respiratory illness in the U.S. However, late session selling led to modest losses. Source: Provided
As the number of coronavirus cases continues to rise globally, the airlines industry is among the worst-hit sectors. From its 52-week highs, United Airlines Holdings (NASDAQ:UAL) stock plunged by nearly 70%. After the announcement of the stimulus package and a bailout for airline companies, UAL stock rebounded sharply. Source: NextNewMedia / Shutterstock.com However, I still
Source: Shutterstock It’s become clear, folks, that we’re not going to have a “V-shaped” recovery, though that’s always the hope after a sharp market decline. We’re going to have a “U-shaped” recovery. It’s coming along this week, with a 10% rally in major indexes, including more than 2,000 more points tacked on to the Dow.
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The week started with a roar. At the open Tuesday, the S&P 500 was up almost 10% for the week. Investors were positively giddy about three events: 1)
Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It
Most investors would agree that the issues caused by the novel coronavirus haven’t been completely resolved yet. Still, it was nothing but upside to start the week on Monday as investors saw a light at the end of the tunnel. And Tuesday’s big stock charts show some of that illumination. Source: Shutterstock This could be
Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — people who depend on that dividend — so we’ve been pretty committed to maintaining that