As the coronavirus remains unsolved, each passing week seems to bring a new contender to the vaccine crown, including Moderna (NASDAQ:MRNA). This is reflected in MRNA stock, which jumped almost 12% on Thursday, April 2 and is now higher by about 76% year-to-date. The impetus behind the rally in MRNA stock on April 2 is
In the wake of the novel coronavirus pandemic, shares of visual search platform Pinterest (NYSE:PINS) fell off a cliff. In a matter of weeks, Pinterest stock dropped from $25 to $10. Source: Nopparat Khokthong / Shutterstock.com The selloff makes complete sense. The world has come to a screeching halt. Consumers aren’t going out and buying
Kraft and Heinz products Scott Olson | Getty Images Check out the companies making headlines after the bell. Gannett — The media company’s stock climbed 1% in extended trading after the Gannett named Douglas Horne as its new CFO. Horne previously served as global controller for The We Company (WeWork), which saw a failed IPO in 2019.
Blue Origin’s headquarters in Kent, Washington. Blue Origin Jeff Bezos’ space venture Blue Origin confirmed on Monday that two employees at its Seattle-area headquarters tested positive for coronavirus. The employees, who are married couple, work at Blue Origin’s headquarters in Kent, Washington and were last in the office about two weeks ago. The company has
Friday wrapped up another volatile week in the markets. The CBOE S&P 500 Volatility Index remained in the high $40-range, suggesting continued trepidation among the trading community. Source: Shutterstock When the price action is wild, investors may look to trend lines for support levels from our big stock charts. These lines can serve as guideposts
Halliburton (NYSE:HAL) stock has a high dividend yield — it’s around 9.5% as I write this. That is usually a sign that the company can’t afford the dividend. Investors assume that the dividend is in danger of being cut. Source: hkhtt hj / Shutterstock.com Maybe that will happen in this case. It certainly looks like
So, 2020’s first quarter was one for the history books — and not in a good way. Among the records set was the fact that the first quarter marked the worst quarter ever for oil. Naturally, this had a negative impact on Exxon Mobil (NYSE:XOM), as Exxon Mobil stock is often strongly correlated with the price
Last November, I wrote that Uber (NYSE:UBER) was on the comeback trail, making Uber stock a buy. Source: Proxima Studio / Shutterstock.com At the time, it was trading around $27. In the months since, it’s been on a wild ride ranging between a high of $42 and a 52-week low of $13.71. As it rebounded
Art Cashin David A. Grogan | CNBC Art Cashin, head of floor trading for UBS, has been a beloved market commentator for many decades and a regular commentator on CNBC for more than 20 years. Cashin was in a car accident in early February (he was not driving) and has been recuperating. We spoke to
Take a look at some of the biggest movers in the premarket: Slack Technologies (WORK) – The provider of the popular workplace messaging platform announced a $600 million debt offering due in 2025, convertible into cash, stock, or a combination of both depending on the holder’s preference. Zoom Video Communications (ZM) – Credit Suisse downgraded
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California. Astra Rocket builder Astra, a San Francisco-area startup, recently reduced its staff through a mix of furloughs and layoffs in order to survive delays caused by the coronavirus pandemic, a person familiar with the situation told CNBC. Astra cut its overall
Despite record jobless claims north of 6.6 million, the stock market held up on Thursday. Let’s look at a few top stock trades, which had more volatility than the market would have made you think. Top Stock Trades for Friday No. 1: Facebook (FB) Like many other stocks, as well as the overall market, Facebook
Towards the end of January 2020, Muddy Waters Research posted a tweet regarding an unattributed 89-page report on Luckin Coffee (NASDAQ:LK). At the time, LK stock was trading at $32.49. Source: Keitma / Shutterstock.com The report alleged that Luckin Coffee was a “fundamentally broken business.” The report also stated that “the Company had evolved into
To get a sense of just how volatile this market is, consider that Penn National Gaming (NASDAQ:PENN) stock has doubled from its lows. Yet, Penn National stock still is down 74% from its 52-week high. Source: Casimiro PT / Shutterstock.com The decline in PENN stock makes some sense. Casinos nationwide have been shut down amid
President Donald Trump says Saudi Arabia and Russia could soon agree to a big cut in oil production, but energy analysts say a lot of levers would have to be pulled to make that happen. Such a deal might possibly even include an unprecedented deal involving the U.S. oil industry. Trump meets with U.S. oil
One of the advantages of being in the investment business for as long as I have is that, in times of incredible market distress, I get to invoke that wry and somewhat misleading saying, “Well, this isn’t my first rodeo.” Another advantage is that my past was full of so many research assignments that I
It was a very interesting session in the stock market today. That’s as the SPDR S&P 500 ETF (NYSEARCA:SPY) spent most of the day in positive territory and ended higher by 2.4%. That’s despite a record-setting initial jobless claims report. The U.S. reported 6.65 million jobless claims, roughly double what economists were expecting. That’s also
Nio (NYSE:NIO) should be avoided. It’s heading to $0 this year. The last time I weighed in on NIO stock, it traded at $4.03 on March 4, and the company is still struggling to keep its head above water. Source: Sundry Photography / Shutterstock.com The promise of a $4 billion cash infusion was over-exaggerated. Its cash
After a recent bounce, Alibaba (NYSE:BABA) is down almost 20% from its 52-week highs. That’s notably better than the S&P 500, which is down about 27% from its highs. Given all the circumstances at the momentum, it’s hard to determine if Alibaba stock is outperforming or underperforming expectations. Source: Kevin Chen Photography / Shutterstock.com While
A Dave & Buster’s location in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Tesla — The automaker’s stock shot up 16% in extended trading after Tesla reported that it had delivered around 88,400 cars in the first quarter of 2020. The reported numbers included 76,200 combined deliveries of