Stock Market

A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines midday Monday: Southwest — Goldman upgraded shares of Southwest to buy from sell and raised its 12-month price

by Kimble Charting Is the New York Stock Exchange Index (NYSE) sending one of the largest bearish messages in years? Possible! This chart looks at the NYSE index on a monthly basis over the past 13-years. The index spent the majority of the past 11-years inside of rising channel (1). The weakness in March took it below the

AstraZeneca Plc (AZN) has signed a $127 million deal with Brazil for the production of its potential COVID-19 vaccine. Under the terms of the agreement, Brazil will start to locally manufacture AstraZeneca’s experimental vaccine. Elcio Franco, Brazil’s No.2 public health official, said in a press conference that the country will initially produce some 30 million

The biggest worry surrounding American Airlines Group (AAL) was the large debt load and whether the company could get back to cash flow positive quick enough to repay debt. For this reason, a lot of people have speculated on whether the weaker airline would go bankrupt. The airline just raised about $2 billion reducing the

by Daisy Luther Lots of folks have mentioned that their grocery stores never fully restocked after the rush on food and supplies back at the beginning of the COVID-19 lockdown. And with the current news stories about spiking COVID numbers, it may not be long until we’re locked down again. Work on what’s within your control It’s important to

Stocks sold off sharply on Friday as investors are in the process of re-positioning portfolios for the second half of the year. The S&P 500 fell 2.9% this week, led by cyclical groups like Energy and Financials. Coronavirus Update While it may no longer be the top news story, the coronavirus pandemic is still with

by Fabius Maximus  Summary: The New York Times, as usual, leads the way into the Crazy Years. They remind us that this is no joke, but a descent into madness – a betrayal of the dreams that motivated so many Americans for two centuries. It is a straw showing a wind blowing us into evil. Do

Unfortunately, the coronavirus isn’t going anywhere just yet, as the surge of infections in parts of the US shows no signs of slowing down. In many areas, the number of cases has continued to rise; Seven states — Arizona, Arkansas, California, North Carolina, South Carolina, Tennessee and Texas — reported the highest amount of hospitalizations

by David Haggith  Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week. That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in 2009. Already running consistently higher than last year

People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading.  Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with

Recent headlines were saturated with the alarming uptick of new coronavirus cases in several states. Accordingly, the stock market experienced a sell off. Yet, stocks of companies engaged in the search for a COVID-19 vaccine or treatment took the news as a bullish signal. Inovio Pharmaceuticals (INO) skyrocketed over 100% this week, after the coronavirus

via rushlimbaugh: RUSH: Looky here, folks, a story from JusttheNews.com. “Most voters say Biden used vice presidency to financially benefit his family and friends,” according to a poll. What is the poll? Just the News daily poll. I guess Just the News has their own poll. And right behind it, the story on the Biden cancer

People are walking by the New York Stock Exchange (NYSE) building during Covid-19 pandemic in New York on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp

Gold has always had a special place for investors. It’s one of the world’s oldest forms of money, and while most currencies today no longer circulate precious metals, gold is still used as both a reliable store of value and a ‘safe haven’ investment. And in recent months, with economies reeling from the COVID-19 pandemic

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.

by Patrick Watson The US economy entered recession at the end of February, according to the economists who officially define such things. But will it get even worse? In some ways, this is already beyond the 1930s Great Depression. Mass unemployment happened much faster this time and it looks like millions will be jobless for

Nintendo (NTDOY) will be reducing its involvement in mobile gaming due to disappointing results according to a June 22, Bloomberg report. With the current fiscal year ending in March, the video game company said it would focus on mobile games already-released with no anticipation of little revenue increase from that business-line. In fiscal 2019, Nintendo

Stefan Zaklin | Getty Images Check out the companies making headlines in midday trading.  Dell — Shares of the tech company jumped 7% following news that it was exploring options for its majority stake in VMware, which is worth roughly $50 billion. A sale or spinoff of the investment in the software company could not

Let’s just say it’s not looking good for car rental firm Hertz (HTZ). According to Morgan Stanley analyst Adam Jonas, hopes of a turnaround are, well, pretty close to zero. The analyst’s best-case scenario for Robinhood’s favorite bankrupt stock is a $3 price target (down from $8). The base case, however, is $0 (down from

by Raúl Ilargi Meijer Paul Gauguin Tahitian scene 1892     This is another piece I received today from Bruce Wilds, a US Midwest business owner I earlier featured an article from two months ago. There are plenty issues I have issues with here, but I’m not going to stand in the way of the US midwest

GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines after the bell. Virgin Galactic — Shares of

The coronavirus pandemic hit hard in the first half of 2020, prompting a series of extraordinary governmental measures to combat the disease: extreme social lockdowns, economic shutdowns, massive fiscal stimulus and support. The combination has created an unusual market circumstance, with economies in freefall, pummeled by the strongest recessionary pressures since the 1930s, while at

Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm beat estimates by 5 cents a share, with quarterly earnings of $1.90 per share. Revenue also came in above Wall Street forecasts. Revenue was down about 1% from a year ago, but Accenture’s results were boosted by

Watch the latest video at foxnews.com FOX: “More than 6 dozen alleged rioters face federal chargesin weeks of unrest across US” Federal prosecutors have announced the arrests of more thansix dozen people on charges ranging from murder to arson tolooting in connection with rioting that grew out of protestsover the death of George Floyd in

Advanced Micro Devices’ (AMD) relentless march forward has resulted in outsized market gains for five consecutive years. No matter the macro climate and attendant headwinds, the stock just keeps performing. 2020 has been no different, although by AMD standards, relatively muted compared to recent years. Still, shares have appreciated by 19% year-to-date. But the upward

A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images Stocks could face turbulence and limited gains in the second half of the year, as the Covid-19 pandemic continues to set the course for markets and the economy.

BY JOHN RUBINO Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared back to record highs are being elevated by an amazingly small number of stocks – Apple, Microsoft, Amazon, Google and Facebook to be specific —

If one leading analyst’s forecast plays out, any investors feeling slightly deflated by Micron’s (MU) underperformance so far in 2020 need not worry. Ahead of next week’s fiscal 3Q20 earnings report, Rosenblatt analyst Hans Mosesmann is confident in the chipmaker’s ability to execute. What’s more, he expects the next quarterly results to be even better.

A construction worker walks past new homes under construction by developer KB Home in Valencia, California. Jonathan Alcorn | Bloomberg | Getty Images Check out the companies making headlines after the bell. KB Home — The home construction company’s stock dipped 13% in extended trading after KB Home released its second-quarter earnings. The company reported

by bgny The three-judge panel’s 2-1 ruling — authored by Judge RAO — focused heavily on the “presumption of regularity” that attaches to DOJ actions, and notes that the new evidence submitted by DOJ, which led to move to dismiss charges, should be treated as good-faith. Link to full ruling: www.politico.com/f/?id=00000172-e6bc-dfa8-abfb-efff27b20001 Appeals court orders judge to