Investors in the young ride-hailing company Lyft (NASDAQ:LYFT) have had a quarter to forget. So far in 2020 Lyft stock is down about 41%. Source: Allmy / Shutterstock.com Despite the recent decline of the shares, I don’t expect to see much positive momentum in Lyft stock in the coming weeks. Rather, the shares are likely to
Investors in bank stocks hate it when the Federal Reserve slashes interest rates, and have been wincing every time Fed Chair Jerome Powell steps to the microphone these days, holders of Wells Fargo (NYSE:WFC) stock included. Source: Kristi Blokhin / Shutterstock.com Sure, the Fed cut interest rates to near zero last week, and sure, that’s
Danaher (NYSE:DHR) has been one of the market’s all-time great stocks. Cumulative returns exceed 160,000%. Put another way, $10,000 invested in the initial public offering of Danaher stock would be worth over $16 million right now. Source: madamF / Shutterstock.com Stock performance aside, Danaher remains one of the world’s best companies. The Danaher Business System
George Milling-Stanley has sometimes been referred to as the “godfather” of the gold business. While at the World Gold Council, he was one of a small group that helped create the SPDR Gold Trust (GLD) in 2004, now the world’s largest gold exchange-traded fund with over $50 billion in assets. He is now chief gold
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Goldman Sachs added Verizon to its “Conviction Buy” list, saying it offers investors the most attractive combination of total return and risk, thanks to the stability of its wireless business. Xerox (XRX) – Xerox dropped its $35 billion hostile bid
The stock market is searching for direction after a robust multi-session rebound. That said, here are a few top stock trades to watch for Wednesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Nvidia (NASDAQ:NVDA) continues to trade very well, up more than 50% from the recent lows to Tuesday’s high. However, many are
A pedestrian wearing a protective mask walks along Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S. on Monday, March 30, 2020. Michael Nagle Bloomberg | Getty Images Oaktree Capital co-chairman Howard Marks is leaning toward a more negative outlook because of the uncertainty from the coronavirus pandemic, but
Investors are finally getting some relief. After one of the quickest crashes in stock market history, the indices are starting to recover some lost ground. And a gigantic stimulus package has restored confidence in the economy. As a result, stocks have surged this week. The Dow Jones Industrial Average in particular has risen more than
The hits keep coming for Ford (NYSE:F) stock. Source: Shutterstock The company’s cautious approach on electric vehicles put it far behind its competitors. Its CEO since 2017, former University of Michigan athletic director Jim Hackett, has since seen the share price fall to $5. Now with shares at a 10-year low, Hackett shuffled some chairs
Identifying companies that can withstand market volatility is essential to prospering as the novel coronavirus roils the markets. The 5G network should remain essential to global communication regardless of the course of the virus. And Qualcomm (NASDAQ:QCOM) stock is among one of the best large-cap 5G investments available. Source: jejim / Shutterstock.com There’s no point
A Jeep Renegade rolls down an assembly line at Fiat Chrysler’s Melfi assembly plant in Italy in 2015. Michael Wayland / CNBC Check out the companies making headlines after the bell. Verint Systems — Shares of the analytics company tumbled 12% in extended trading after Verint Systems missed analysts’ estimates on both earnings and revenue in
The equity markets took a bit of a tumble today on coronavirus concerns, but this may have created a buying opportunity for our favorite chip makers. Nvidia: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID Intel: https://www.zacks.com/stock/quote/INTC?cid=CS-YOUTUBE-FT-VID TSMC: https://www.zacks.com/stock/quote/TSM?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Big daily moves are still the trend in big stock charts, it seems. The coronavirus from China remained in focus on Monday but with a strong sense of optimism. Major market indexes pushed higher. Source: Shutterstock Perhaps the trading community felt hopeful that the U.S. government would be successful in extending its efforts to contain
PayPal will not layoff any employees due to the coronavirus pandemic, CEO Dan Schulman said Tuesday, making the digital payments provider the latest company to make such a pledge. “We don’t intend to do any layoffs as a result of COVID-19,” Schulman said on CNBC’s “Squawk on the Street.” “This is the right thing to step up,
The following five dividend-paying companies have made it clear they won’t cut either their dividends or their buyback programs. That is a rarity among dividend stocks these days. Moreover, these stocks have large buyback programs, which they have either recently reaffirmed or increased. Dividend stocks, that have large buyback programs, tend to do well over
In the middle of the turmoil brought on by the coronavirus, it’s hard to think positively. Yet at some point, we will get through this, remembering this moment years from now as one of the darkest chapters in American history. Nevertheless, we shouldn’t be naïve. As I’ve mentioned in prior articles, the novel coronavirus has
Editor’s note: This article is a part of InvestorPlace.com’s Best Stocks for 2020 contest. The Readers’ Choice pick for the contest is Apple (NASDAQ:AAPL). When InvestorPlace readers expressed their confidence in Apple (NASDAQ:AAPL) stock, they probably didn’t anticipate the current level of global chaos. It’s certainly one of the best stocks in 2020, but with a year-to-date loss of almost 14%,
Take a look at some of the biggest movers in the premarket: Conagra (CAG) – The food producer missed estimates by 2 cents a share, with fiscal third-quarter profit of 47 cents per share. Revenue also came in slightly short, however Conagra said it has seen significantly elevated demand for its food products over the
Stocks cautiously climbed higher on Monday, as investors continue to test the validity of the current rebound. That said, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Zoom Video (ZM) Zoom Video (NYSE:ZM) tried pushing to new 52-week highs on Monday, but was unable to do so. It
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight the coronavirus. “[It is] a very, very simple and robust design that we can get out