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,
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