Stock Market

Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – The investment firm earned $1.96 per share for the second quarter, well above the $1.12 a share consensus estimate. Revenue also beat forecasts. Morgan Stanley saw net revenue and net income rise to record levels, helped by strong trading

Facebook Inc. (FB) has boosted production on its Oculus virtual reality (VR) headset to nearly double the production compared to last year. According to a July 15 report from Nikkei Asian Review, the social media site has reacted to the uptick in COVID-19 cases throughout the world by calling for a production increase in the

The Norwegian Cruise Line Norwegian Bliss cruise ship passes through John Hopkins Inlet in Glacier Bay, Alaska, July 11, 2019. Tim Rue | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Moderna — Shares of Moderna whipsawed in extended trading after rising nearly 7% earlier Wednesday. The stock has been on

Finding the right stock is the essence of investing. While that skill has a reputation for being more art than science, a savvy investor knows otherwise. Follow the data, read the trends, and understand the fundamentals; these are the tried and true methods for investing success. The Smart Score data tool makes the science –

A shopper walks with bags of purchases in New York. John Lamparski | SOPA Images | Getty Images Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards  the end of the month as the virus outbreak worsened. According to Dow Jones, economists expect

by Kimble Charting Is leadership running into a brick wall of resistance and about to pull an important reversal? A strong bullish trend looks to be experiencing an important breakout test! The trend for SMH remains up as it has spent the past 10-years inside of rising channel (1). This chart looks at Semiconductor ETF (SMH) on a

Is anything going to get in the way of the stock market’s rally? Even as the U.S. is expected to report a serious quarterly drop in GDP and unemployment rates remain at elevated levels, the market’s leap forward hasn’t been derailed, with the S&P 500 up 45% since hitting a low point on March 23.

by Michael Snyder I had no idea that things had gotten so bad.  Earlier today, my wife spoke with the manager of a local grocery store because she wanted to place a large order for some canned goods.  What she was told surprised her, and it certainly surprised me.  The manager of this local grocery

Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The drugmaker’s Covid-19 vaccine candidate produced neutralizing antibodies in all 45 patients involved in an early study, according to newly released data. Those antibodies were similar to those seen in patients who have recovered from Covid-19. UnitedHealth (UNH) – The

Moderna (MRNA) soared a further 16% in Tuesday’s after-market trading after the biotech announced the publication of an interim analysis of the open-label Phase 1 study of mRNA-1273, its vaccine candidate against COVID-19. Results reaffirmed positive interim data assessment announced on May 18, said Moderna, and show mRNA-1273 induced rapid and strong immune responses against SARS-CoV-2. Neutralizing

by Shaun Richards As many of you reading this are aware, our fund family underwent a change recently. On July 1, the Holmes Macro Trends Fund changed its name and strategy to the Global Luxury Goods Fund (USLUX). This decision was months in the making, and obviously there was no way we could have predicted that

Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Sirius XM — Shares of Sirius XM climbed 2% in extended trading after its Board of Directors declared a quarterly cash dividend of $0.01331 per share of common stock. The dividend is payable in cash on Aug. 31 to stockholders

On Wall Street, some things never change. Public health crisis or not, the fact of the matter remains that healthcare stocks are the epitome of risk/reward plays. Why? It comes down to the nature of the industry itself.   Healthcare companies are unique in that their financial performances aren’t necessarily the most important piece of

Check out the companies making headlines in midday trading.  Wells Fargo — Shares of Wells Fargo fell 5% after the bank posted its first quarterly loss since the Great Recession and slashed its dividend. The bank posted a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than

The stock market is in a bubble. Actually, that statement is not 100% correct. SOME stocks are in a massive bubble. Other stocks are not even close. The bubble we are facing today is in large tech stocks. To prove this, I’m not going to get into the technology itself, nor am I going to try to

Shares in IMV Inc. (IMV) are spiking 134% in Tuesday’s pre-market trading after the clinical-stage biopharma company said it made “rapid progress” in developing its candidate vaccine to prevent COVID-19 infection. The stock surged to $4 in pre-market trading as IMV said that it was working closely with regulatory agencies and its partners to initiate

via wallstreetonparade: Imagine if every bank customer was greeted this week with a big sign just inside their Chase Bank branch that said this: “Dear Customers: We lost $3.2 billion trading stocks and credit derivatives in the first quarter. We did that using your bank deposits. But don’t worry, that pales in comparison to the $6

Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL) – The airline posted a second-quarter loss of $4.43 per share, wider than the loss of $4.07 that analysts had been predicting. Revenue was slightly above forecasts, but Delta said it will be more than two years before the

If you’re looking for a large-cap success story from this coronavirus-stained year, look no further than GPU giant Nvidia (NVDA). Driven by two segments – gaming and data center – perfectly suited to the times, investors have rewarded Nvidia with share gains of over 70% year-to-date. So, is now the time to reduce exposure to

From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold is poised to leave stocks behind and find new highs, gold is gearing up towards the $2,000 level, and UN report says $10 billion of precious metals is dumped through electronic

Tesla cars are seen at a shopping mall showroom in Los Angeles. Mark Ralston | AFP | Getty Images The Nasdaq’s stunning reversal, led by Tesla, could signal that big tech has run out of steam and hit a near term top for now,  strategists said. Some of the hottest Nasdaq names and both the

Investor focus has landed squarely on the surge in new COVID-19 cases and its threat to economic reopenings, but there’s another possibility being ignored. According to Morgan Stanley equity strategist Mike Wilson, even though the market is expecting economic activity to decline, earnings could get a major boost. “Cautious investors may be overlooking the potential

OPEC+ production cuts have brought oil prices back from the brink, but the group will have to tread carefully to avoid triggering a new price collapse when it begins to reverse those reductions. The Joint Ministerial Monitoring Committee, which reviews OPEC+ production, meets on Wednesday, and will consider whether the the group should keep 9.6

Alphabet Inc’s Google (GOOGL) announced on Monday that it will invest about $10 billion into India over the next 5-7 years through a mix of equity investments, partnerships, and operational, infrastructure investments. The investment will be made through its so-called India digitalization fund as the search giant seeks to tap the country’s fast-growing and unsaturated

Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The beverage and snack giant reported quarterly earnings of $1.32 per share, 7 cents a share above estimates. Revenue also came in above forecasts. The company’s results were largely driven by a 4% jump in organic sales of its snack

by Martin Armstrong The Coronavirus nonsense is just unbelievable. Reuters is reporting that Florida is off the charts with 15,000 new cases in a day. Florida reported a record amount of testing, with just about 143,000 results compared with an average of 68,000 for the prior seven days. Of that, they claim that 15,000 people tested positive

Amazon.com Inc. (AMZN) has announced that it will delay the release of its upcoming online game, New World, as a result of user feedback. New World is a massive multiplayer online (MMO) video game that was previously delayed in June as a result of the COVID-19 pandemic. The latest delay was attributed to gameplay issues

Are the violent stock market movements here to stay? Investors see plenty of cause for worry, in rising coronavirus case rates that many say portend a second wave of the pandemic. In addition, some states are extending lockdown policies.   That said, watching the markets for the past few months, Oppenheimer’s asset management chief strategist John

We’ve never seen anything like this. Since the onset of the COVID-induced recession, unprecedented levels of monetary and fiscal stimulus have been pumped into the economy, demonstrating the Federal Reserve’s efforts to support the economic recovery. To prevent the fallout seen during the Great Depression after monetary accommodation was withdrawn too early, the Fed plans

by David Haggith The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said.… “This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group Vice