For everyone trying to figure out what S&P 500 earnings will be in 2020, here’s a sobering comment from Joseph Wolk, Johnson & Johnson’s chief financial officer: “One thing I know for certain is we’re going to be 100% precisely wrong.” Wolk made the comment to The Wall Street Journal in reference to earnings guidance,
A customer uses an Apple Inc. iPhone to make a payment on a Square Inc. device in San Francisco, California, U.S., on Tuesday, March 27, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nike — The athletic apparel company’s stock soared 8% in extended trading after
Learn more about the best Oil ETFs, whether you are bullish or bearish. Original Article:http://www.zacks.com/commentary/70469/which-are-the-best-etfs-to-play-oil VELOCITYSHARES 3X INVERSE CRUDE OIL ETN: http://www.zacks.com/funds/etf/DWTI/profile?cid=CS-YOUTUBE-FT-VID IPATH SP GSCI CRUDE OIL TR INDEX: http://www.zacks.com/funds/etf/OIL/profile?cid=CS-YOUTUBE-FT-VID US Oil Fund: http://www.zacks.com/funds/etf/USO/profile?cid=CS-YOUTUBE-FT-VID SPDR ENERGY SELECT SECTOR SPDR FUND: http://www.zacks.com/funds/etf/XLE/profile?cid=CS-YOUTUBE-FT-VID VANGUARD ENERGY ETF: http://www.zacks.com/funds/etf/VDE/profile?cid=CS-YOUTUBE-FT-VID ISHARES US ENERGY ETF: http://www.zacks.com/funds/etf/IYE/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch
U.S. stocks tried, and failed, to rally on Monday. The S&P 500 and Dow Jones Industrial Average both staged midday rallies that nearly erased early-session losses. The NASDAQ Composite was in the green at one point, and did manage to close down just 0.27%. Still, the bottom isn’t yet in: the S&P faded late in
Barry Sternlicht Cameron Costa | CNBC Barry Sternlicht, founder of investment firm Starwood Capital, told CNBC on Tuesday he supports President Donald Trump‘s desire to get America working again soon. Trump is ”kind of right” that the U.S. economy can’t remain virtually shut down forever because of the coronavirus crisis, Sternlicht said in a “Squawk Box” interview. ”We
The market’s turbulence has caused investors to seek solace in safe investments that offer some protection against wild swings. That said, dividend stocks — or companies that pay a dividend — have been a popular choice because of their steady income potential and perceived safety. However, not all dividend stocks are created equally — especially
Intel (NASDAQ:INTC) has fallen over 33% from its 52-week peak high. But unbelievably, INTC stock is still 6.9% above its low as of Friday, March 20. The stock could easily fall further, but its dividend seems to be very secure. It is well covered by Intel’s massive free cash flow (FCF). Source: Thanes.Op / Shutterstock.com
Rather than thrive, energy companies are mostly just trying to survive. So-called “Big Oil” isn’t so big anymore as the market capitalization of Chevron (NYSE:CVX) and its brethren has been decimated. Chevron stock represents an unloved market sector, but is this really time to hoard shares on the cheap? Source: tishomir / Shutterstock.com There are
Zoom founder Eric Yuan poses with members of his company in front of the Nasdaq building in New York as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019. Kena Betancur | Getty Images Check out the companies making headlines after the bell. Twitter
It was a bumpy session that ultimately resolved lower, despite the Fed’s latest stimulus plans. That said, here are a few top stock trades to start the week. Top Stock Trades for Tuesday No. 1: Roku (ROKU) Roku (NASDAQ:ROKU) shares exploded higher on Monday, up more than 18% at one point. It looks like investors
Billionaire investor David Tepper said he is cautiously buying some stocks, particularly in the tech sector, as the broader market tumbles amid the coronavirus outbreak. However, he noted the relentless selling may have further to go. “I’m nibbling right now, for what it’s worth,” Tepper, the founder of Appaloosa Management, told CNBC’s Scott Wapner on “Halftime Report.”
The technology sector led the market higher during the recently deceased bull market, so it’s not surprising that the group has been a drag during the newly minted bear market. The “new normal” puts Qualcomm (NASDAQ:QCOM) and Qualcomm stock in a near-term bind. Source: Akshdeep Kaur Raked / Shutterstock.com Qualcomm is in the seminconductor sector,
To eat this cheeseburger or to not eat this cheeseburger? That was a question many of us had the luxury of asking … at least before the coronavirus from China hit the U.S. and doomsday hoarders ravaged supermarkets. And that may have unveiled a problem for Beyond Meat (NASDAQ:BYND) stock. Source: calimedia / Shutterstock.com After
With economic slowdown, slashed interest rates and other headwinds top of mind, is Bank of America (NYSE:BAC) a buy at today’s prices? Perhaps. The coronavirus from China is no doubt going to affect the bank’s near-term results. But, with BAC stock dropping nearly 40% since late February, much of this may already be priced into
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019. Leah Millis | Reuters The Federal Reserve pulled out another series of bazookas today, including a flurry of programs to buy more Treasuries and mortgage-backed securities. But one move that surprised many was the decision to buy corporate
Julio Barrios attends to one of the few customers at a gas station in Scarsdale, New York, March 13, 2020. Jessica Resnick-Ault | Reuters Gasoline prices in the wholesale and futures markets crashed on Monday as more states issued stay-at-home orders, severely dampening demand for fuel. Some spot cash prices around the U.S. were down
After using the price-to-book ratio and the Zacks Rank to find value stocks, Tracey Ryniec profiles her top pick: Carnival Corporation (CCL). Carnival Corporation: http://www.zacks.com/stock/quote/CCL?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
The Federal Reserve introduced important measures on Monday that will be key for keeping the corporate debt markets in check as the coronavirus from China continues to wreak havoc on the broader market. This decisions comes after the both the S&P 500 and Dow Jones Industrial Average both experienced their worst one-week declines since 2008.
Twenty-two days. That’s all it took for the S&P 500 to fall 30% from its record high, the fastest drop of this magnitude in history. The second, third and fourth quickest 30% pullbacks all occurred during the Great Depression era in 1934, 1931 and 1929, respectively, according to data from Bank of America Securities. “This
Chesapeake Energy (NYSE:CHK) has had an incredibly bad run over the past few years. The company has engaged in various strategic errors, had several unfortunate developments occur operationally, and has now gotten pulverized with the further collapse of energy prices. The price of CHK stock is down to just 18 cents after trading around $5