After a stunning fall to $10, shares of American Airlines (NASDAQ:AAL) have since been on a tear. Note that AAL stock is now at $15. Yet despite this rally, the company still sports a miserable year-to-date loss of 50%. Source: GagliardiPhotography / Shutterstock.com The volatility is certainly understandable as it is extremely difficult to gauge
With so much going on in the world, it’s difficult to step outside of our day-to-day concerns and think about the future. Cities, states, and whole countries are hunkering down to prevent the spread of the coronavirus to vulnerable populations. The toll on human life is tragic, while the economic impact has cut swift and
People make face shields at the Brooklyn Navy Yard where local industrial firms have begun manufacturing Personal Protective Equipment (PPE) on March 26, 2020 in New York City. Eduardo Munoz Alvarez | Getty Images Everything from auto sales to manufacturing surveys and employment data in the coming week will likely paint a bleak picture of
By one measure, the bull market returned on Thursday. As we noted in yesterday’s Big Stock Charts, there was a technical argument that the Dow Jones Industrial Average had done so yesterday. The case is easier to make after the Dow rallied another 6.4% on Thursday. Source: Shutterstock As Barron’s noted, the term “bull market”
Pershing Square Capital manager Bill Ackman defended his emotional CNBC appearance last week after his fund announced a few days later that it made over $2 billion on bets against the markets. The investor warned that “hell is coming” and that hotel stocks could go to zero in the interview. “Shortly after the show, I
There’s no doubt that the generous dividend offered by Delta Air Lines (NYSE:DAL) has been one of the best reasons for holding DAL stock. Source: Markus Mainka / Shutterstock.com For the immediate future, however, those payments are at an end. Delta stock has been bushwhacked along with the rest of the airline industry in recent
It’s been an insane month for airlines stocks. Legacy carrier United Airlines (NASDAQ:UAL) has been no exception. UAL stock traded for $90 as recently as January. Last week, it sold for a low of just $18, amounting to an 80% loss of value in scarcely two months. Source: NextNewMedia / Shutterstock.com However, United’s fortunes are
In the wake of the onset of the coronavirus from China, some unexpected opportunities have arisen in the markets. Work-at-home stocks have gained traction lately, including those in the e-signature niche. Therefore, an intriguing asset for investors in these troublesome times is DocuSign (NASDAQ:DOCU) stock. Source: Sundry Photography / Shutterstock.com You might not have considered
Bank of America has sent more than 100 employees to work in a backup office in Connecticut. Tetra Images | Getty Major stock indices, in just a few days, have made back more than half their losses, but technical analysts warn the market is setting up for a retest that will decide whether Monday’s lows
Another solid pop in the stock market has the Dow Jones Industrial Average 25% off its highs and up 18% from its lows. Something’s got to give. That said, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO) We’ve seen a huge rebound in the market
Brendan McDermid | Reuters It might be premature to declare the bear market dead, but Thursday’s action sure checked off some important boxes. Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen. Nearly
TJX (NYSE:TJX), the discount retail store chain, took decisive action on March 19 to save its liquidity. As a result, the company will survive and TJX stock will rebound significantly as the coronavirus from China wanes. Source: Joe Hendrickson / Shutterstock.com TJX has 4,529 stores throughout the world as of Feb. 1, 2020. They operate
Luckin Coffee (NASDAQ:LK) stock has caught a bounce. Shares were up 11% in midday trading Wednesday March 25, and now have rallied 29% just from their close on Monday March 23. Source: Keitma / Shutterstock.com That trading does make some sense. China appears to be returning to normal after the coronavirus spread in January. LK
JD.com (NASDAQ:JD) has been on fire — bet you haven’t read something like that in a while — since its fourth-quarter lows. Even with the coronavirus from China in the mix, JD stock is still up more than 100% from its lows less than six months ago. Source: Sundry Photography / Shutterstock.com That kind of
Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell. GameStop — Shares of the video game retailer surged 14% in extended trading after the company said it had seen a positive impact on its business from the coronavirus. “The COVID-19 outbreak has led to changes in how consumers
The coronavirus from China is currently keeping people worldwide from working. Seasonally adjusted U.S. jobless claims soared to 3.28 million last week amid the massive economic disturbance caused by the pandemic, the Labor Department reported Thursday. Source: Shutterstock This figure smashes the previous record of 695,000 in October 1982, and surpasses the Great Recession’s top
Hedge fund manager Paul Tudor Jones told CNBC on Thursday the market could be higher by June despite what he sees as a turbulent month ahead. “My guess is one of the reasons the market’s up right now is because of all the month-end rebalancing. The market’s front-running, it sees the fact that there are going to
Having seen its price cut nearly in half by the coronavirus from China and an oil price war, Exxon Mobil (NYSE:XOM) has its executives buying the plunge. Source: Jonathan Weiss / Shutterstock.com The company’s principal financial manager and the head of its Global Projects unit, both 40-year veterans at the company, bought shares of XOM
As the coronavirus spreads globally, the travel and tourism industry is among the worst hit. It’s not surprising that Booking Holdings (NASDAQ:BKNG) has declined by 40% from 52-week highs of $2094. While I am not ruling out a sharp technical bounce back from technically oversold levels, I believe that BKNG stock has more downside in
General Electric (NYSE:GE) suffered one of the worst performances last week. GE stock enjoyed an uninterrupted uptrend that began in August 2019 and rallied through February 2020. But that ended when a sharp market selloff began. Source: Jonathan Weiss / Shutterstock.com Worsening market conditions, primarily in the aerospace industry, suggest that General Electric will underperform