Costco (NASDAQ:COST) shares held steady as the novel coronavirus pushed the stock market lower. That’s no surprise, given the wave of panic buying as the pandemic hit America. But, while competitors like Walmart (NYSE:WMT) have made new highs, Costco stock has pulled back. Source: ilzesgimene / Shutterstock.com To me, that’s a sign Costco shares are
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that
It was a concerning day in the stock market today. While the S&P 500 rallied another 1.5%, bringing this week’s gains to almost 11%, it struggled to hold those gains into the close. That’s as another enormous jobless claims report hit the tap before the open. Oil prices took a spill as investors continue to
My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury to issue a $1 trillion, 30-year “war bond” to finance out battle against the coronavirus. He pitched the idea on CNBC to Larry Kudlow, who chairs the White House National Economic Council and promised to propose the idea directly
Shares of music streaming platform Spotify (NYSE:SPOT) have outperformed the broader market amid the coronavirus pandemic, mostly because investors have seen Spotify as relatively insulated from coronavirus-related economic disruption. Source: Kaspars Grinvalds / Shutterstock.com Spotify stock only trades about 15% below where it was in mid-February. The rest of the stock market, meanwhile, is deep
Like nearly every U.S. equity, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) was under significant pressure due to the novel coronavirus. However, big declines like this present opportunity and with GOOG stock still down 21% from its highs, it’s worth a closer look. Source: rvlsoft / Shutterstock.com This company has so many positives going for it. While Google may
People wearing masks and gloves wait to checkout at Walmart on April 03, 2020 in Uniondale, New York. Al Bello | Getty Images The economy is already in what will be a short, deep recession and even with a spike in unemployment, consumers are expected to continue to spend, according to a National Association for
Stocks gained again on Thursday after Dr. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, dramatically pared his COVID-19 fatalities forecast, saying the respiratory illness could claim 60,000 American lives, down from prior estimates of 100,000 to 200,000. Source: Provided by Finviz The S&P 500 added 1.44% The Dow Jones
Carson Block Anjali Sundaram | CNBC Carson Block’s Muddy Waters Research announced Wednesday it has taken a short position in eHealth Inc., which owns a digital health insurance exchange. Block, the firm’s founder, disclosed the position on CNBC’s “Squawk Box.“ Muddy Waters argues eHealth, with a stock market value of $3 billion as of Tuesday’s close,
It’s often said that investing for the long-term is the way to go, and for many investors that’s true. Specific to American Airlines (NASDAQ:AAL), it’s possible that the carrier will someday soar again, but the road to recovery for AAL stock is likely to be bumpy and lengthy. Source: GagliardiPhotography / Shutterstock.com Every stock —
Most equities are pushing higher again on Thursday thanks to yet another round of aggressive stimulus from the Federal Reserve. In addition to a $2.3 trillion stimulus to support small businesses and local governments through loans, as well as buy junk bonds in the open market via ETFs such as the iShares High Yield (NYSE:HYG).
A man buys water, food and toilet paper at a store, as people begin to stockpile essentials over fear that supplies will be affected by the spread of the COVID-19, coronavirus, outbreak across the country, in Los Angeles on Feb. 29, 2020. Mark Ralston | AFP | Getty Images Consumer prices fell 0.4% in March,
CNBC’s Jim Cramer on Thursday praised the Federal Reserve‘s latest moves to help keep afloat a U.S. economy that’s been battered by the coronavirus pandemic. Before the stock market opened, the Federal unveiled details of its much-anticipated Main Street lending program and other initiatives, a total of $2.3 trillion in loans to help businesses and municipalities.
After a holiday-shortened, rowdy week, let’s look at a few top stock trades involving some of the most well-followed names on Wall Street. Top Stock Trades for Monday No. 1: S&P 500 ETF (SPY) The Fed announced an additional $2.3 trillion worth of stimulus and the S&P 500 can barely gain upward traction? That’s a
Year-to-date, JPMorgan Chase (NYSE:JPM) stock is down about 33%. The Street is now debating whether the current global health crisis will also translate into a full-blown economic meltdown. So many investors were glad to say good riddance to the first quarter of the year. Now they are getting ready to embrace the potential volatility the upcoming
One of the dramatic shifts in our “new normal” is that several mundane businesses have suddenly exploded in demand. Among the biggest beneficiaries of this surge in interest is industrial giant 3M (NYSE:MMM). Previously an increasingly irrelevant organization, 3M’s N95 facemask division became a matter of national security. But without adequate production, smaller companies like
The stock market has rebounded swiftly over the past three weeks, with the S&P 500 rallying 27% from its March 23 low on the back of optimism that the novel coronavirus pandemic is starting to plateau and even fade across Europe and the U.S. In response to this big market rebound and the coronavirus curve
Eddie Rodriguez (R) and other City of Hialeah employees hand 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 JPMorgan economists issued an even more dire forecast, now foreseeing a 40% decline in the nation’s gross
Mark Yusko is the Founder, CEO & Chief Investment Officer of Morgan Creek Capital Management. Alternative Thinking About Investments. Co-Founder & Partner of Morgan Creek Digital.
James Gorman, chief executive officer of Morgan Stanley Qilai Shen | Bloomberg | Getty Images Morgan Stanley CEO James Gorman fell ill with the coronavirus about three weeks ago and has since recovered and been cleared by physicians, according to a company spokesman. The executive remained in charge of Morgan Stanley the entire time he