The fiscal year 2019 was challenging for Altria Group (NYSE:MO), as the company reported impairment charges related to its investment in e-cigarette company Juul. MO stock started recovering in fiscal year 2020. But the spread of the coronavirus from China stalled the bounce back, which triggered a broad market plunge and the stock declined sharply.
Cannabis is an early-stage business and early stage businesses often must raise capital. Tilray (NASDAQ: TLRY) stock is no exception. But the timing and circumstances surrounding a stock offering can tell an investor a lot about a company. Source: Jarretera / Shutterstock.com Tilray recently opted to raise $90 million via a stock offering. Unfortunately, the
The Diamond Princess — the cruise ship that became the epicenter for the coronavirus outbreak outside of China — was not owned by Royal Caribbean Cruises (NYSE:RCL). However, the entire cruise industry quickly felt the effects of the crisis. Cruises are on hold globally, and cruise lines are lobbying for a bailout. At this point,
Traders work on the floor of the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images For a market rocked by big volatile moves lower, Friday’s expiration of stock futures and options could add even more wild swings. But the quadruple witching expiration, as it is
At this point, weary investors will take the gains, but Thursday’s upside in domestic equities was muted amid concerns that the coronavirus outbreak will soon yield discouraging employment data. Source: Provided by Finviz The S&P 500 rose 0.47% The Dow Jones Industrial Average added 0.95% The Nasdaq Composite gained 2.30% Likely stoked by some value hunting,
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images
Where’s the one place you shouldn’t invest when a recession is on its way? Cyclicals. Even more specifically, the automakers are definitely a group that should be avoided during economic downturns. That’s exactly why Ford (NYSE:F), General Motors (NYSE:GM) and others are getting hammered right now. Source: Proxima Studio / Shutterstock.com Ford’s shares are now
Big oil stocks are some of the worst things you can have in your portfolio when an oil price war breaks out. Whenever this happens, it sends oil prices crashing through the floor. But if you’re holding Chevron (NYSE:CVX) stock these days, that’s exactly the hand you’ve been dealt. Source: Tada Images / Shutterstock.com And
Intuitively, you wouldn’t expect Alibaba (NYSE:BABA) to perform well. Essentially China’s flagship company, Alibaba, in many ways represents both the country’s progress made and aspirations still to be achieved. But with the coronavirus from China afflicting their nation the most out of all international cases presently, you’d be forgiven for believing that sentiment for Alibaba stock
Call it part of the grand blame game: Markets are down big, so it must be someone’s fault. Exchange traded funds. High-frequency traders. Short sellers. In Europe, they have already figured out whose fault it is: Short sellers! In the past week, several European countries, including Italy, Spain, France, Belgium and Greece–have banned short selling
Tesla vehicles stand outside of a Brooklyn showroom and service center on August 27, 2018 in New York City. Spencer Platt | Getty Images Check out the companies making headlines after the bell. Crowdstrike — The cybersecurity company’s stock soared 19% in extended trading after the company posted fourth-quarter revenue that exceeded analysts’ expectations. Crowdstrike