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
Micron (NASDAQ:MU) seems to have become a battleground stock, with some analysts predicting that the company will get hit hard by a recession and others convinced that MU stock will actually be helped by the outbreak of the coronavirus from China. Source: madamF / Shutterstock.com For a few reasons, including the company’s high exposure to
The stock market had a wild week, which ultimately ended with stocks posting their worst weekly decline since 2008. Of course, at fault are escalating concerns that the rapidly spreading coronavirus outbreak is bringing the global economy to a screeching halt. Source: Shutterstock These concerns aren’t going away anytime soon. If anything, they will only
The adage “keep calm and carry on” might, in the end, be the best advice for investors to follow during times of extreme market volatility such as the present. While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays
Nio (NYSE:NIO) reported its fourth-quarter results on March 18. Although they beat on the top line, its losses were higher than analysts expected. Nio stock lost 16% of its value Wednesday. Down 40% year to date through March 18, it now trades well below $3. Source: Sundry Photography / Shutterstock.com The first case of coronavirus
[Editor’s note: “The Top 15 Stocks to Buy in 2020” is regularly updated to include the most relevant information available.] Heading into a new year, all investors want to know is what stocks they should be buying. At the beginning of this year, I attempted to answer that question by compiling a portfolio of the
Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on Friday as investors continue to
This photo taken on January 11, 2018 shows a woman walking past Marriott signage in Hangzhou in China’s Zhejiang province. – | AFP | Getty Images Check out the companies making headlines in midday trading. MGM Resorts, Marriott — Shares of casinos and hotels were in a tailspin as the industry took a massive hit
Types of Channels Horizontal Ascending Descending They don’t have to be symmetrical You want to enter when the stock breaks the channel marker (either up or down) You want to wait for volume confirmation The longer the stock stays in a channel, the healthier it is #stockmarket #chartpattern #technicalanalysis #stockchannels #marketchannels Posted at: https://tradersfly.com/blog/stock-market-chart-patterns-channels/ ?
The market staged a slight rally on Thursday, as investors continue to hope for a bottom. That said, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Advanced Micro Devices (AMD) Not many stocks are looking good right now, at least on the long side. However,
A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters The crash that no one called has investors calling back to earlier cataclysms, grasping for historical threads that can serve as
What a difference a month has made for Diamondback Energy (NASDAQ:FANG) stock. The company had been among the best-performing and best-run shale drillers. But now it is in serious financial trouble: driven massive returns since its 2012 initial public offering, it has since touched an all-time low on Wednesday. Source: Shutterstock The problem for FANG stock,
[Editor’s note: “5 Chinese Stocks to Buy When Coronavirus Fears Fade” is regularly updated to include the most relevant information available.] Coronavirus fears are roiling global financial markets everywhere. Over the past few trading days, stocks of all shapes, sizes, and industries have fallen off a cliff as the World Health Organization has finally declared
Mostly just Macy’s workers pace the main floor, around the beauty department, on March 17. Source: Lauren Thomas, CNBC Thursday’s spike in weekly jobless claims signals just the start of a crush of layoffs that could more than double the unemployment rate. Unemployment claims filed with the states last week jumped to 281,000 from 211,000 the
It was a bumpy day in the stock market, as investors continue to hope for a bottom despite no real improvement in the news cycle. That said, here’s a look at a few top stock trades. Top Stock Trades for Monday No. 1: Starbucks (SBUX) I was keeping a very close eye on Starbucks (NASDAQ:SBUX)
M. Llorden | Getty Images Companies holding low-rated debt are in for a brutal stretch as the economy heads into a coronavirus-induced recession, according to a forecast Friday. S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of
Airlines continue to take a beating and United Airlines (NASDAQ:UAL) is no exception. The total return year to date through March 18 for UAL stock is 75.7%, 32% worse than its airline peers. Source: travelview / Shutterstock.com I can remember when airline stocks were the hottest thing since sliced bread. Warren Buffett was viewed as
[Editor’s Note: “10 Cheap Stocks to Buy Under $10” is regularly updated to include the most relevant information available.] For new investors, looking at companies like Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and even fast-casual restaurant Chipotle (NYSE:CMG) can be disconcerting. These well-respected names come with massive price tags. Although these stocks have long histories of solid