In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
Friday was another rough day for stocks as the tale of the tape below indicates, but some signs of hope emerged as stocks cobbled together some incremental momentum late in the day. Source: Charts Provided by Finviz The S&P 500 shed another 0.82% The Dow Jones Industrial Average dropped 1.39% The Nasdaq Composite inched up 0.01%
Admittedly, that headline is very much short-termism. It’s borderline difficult to write about Intel (NASDAQ:INTC), a company with enviable market position and a slew of quality traits, however, short-termism is the order of the day in the current environment set by the novel coronavirus. Source: Kate Krav-Rude / Shutterstock.com The “buy the dip” mentality that
The next earnings report for Kohl’s (NYSE:KSS) – which will be announced on Tuesday before the market opens – will probably not be enjoyable for CEO Michelle Gass. The deterioration of the department store category is showing no signs of letting up. And the stock price certainly bears this out. Source: Sundry Photography/Shutterstock.com Since November
Few great companies have had their stocks hit as hard in 2020 as 3M (NYSE:MMM). Source: JPstock / Shutterstock.com The shares are down 15%, after management announced 2019 results that showed just 2% growth and lower profits. While the company’s price-earnings ratio on Feb. 26 is still above 19, the $1.47 per share dividend now
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid | Reuters Amid the wreckage in global stock markets this week as panic over the spread of coronavirus wiped out $6 trillion in value, one corner of Wall Street has been making a mint.
Man, it’s getting tough out there. The S&P 500 and PowerShares QQQ ETF (NASDAQ:QQQ) are down more than 15% from recent highs just seven trading sessions ago. Friday’s volatile session didn’t make it any easier in the stock market today. From peak to trough, the Dow shed 1,000+ points in Friday’s session, the third time
When you think about overlooked lessons that new investors learn in the stock market, one in particular comes to mind — for every hard-and-fast rule that technical investors use to evaluate the best stocks to buy, there’s always an exception or two. Source: Daniel J. Macy / Shutterstock.com That brings us to struggling U.S. aluminum
Traders on the floor of the New York Stock Exchange swapped stories all week about the extreme trading conditions they witnessed — conditions that have not been this wild since the financial crisis in 2008. For Virtu’s Matt Cheslock, it was the stunning move in bond yields: “As an equity trader, seeing over 10 basis
Check out the companies making headlines in the premarket Friday: Wayfair IPO on the floor of the New York Stock Exchange Lucas Jackson | Reuters Beyond Meat (BYND) — Shares of the Beyond Meat dropped more than 11% after the company reported a surprise quarterly loss. The meatless food company posted a loss of 1
[Editor’s Note: This article was updated on Feb. 28 to include the most relevant information.] More than $6 trillion of global market value has been wiped out all thanks to coronavirus fears and concerns it could significantly slow global growth. To date, the death toll is quickly nearing 3,000, with 83,000 cases around the world.
Aerospace and defense titan Lockheed Martin (NYSE: LMT) is in rarefied air these days. Source: Ken Wolter / Shutterstock.com The Maryland-based company, which is best known for its fighter jets, military helicopters and advanced missile systems, is in investors’ sweet spot. LMT stock is up nearly 60% since President Donald Trump took office in 2017,
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images CNBC’s Jim Cramer said Friday he thinks Apple‘s stock can sink further and cautioned retail investors against going all in on the tech giant’s
The market is trying to put together a reversal on Friday, following a gap-down open after an ugly session on Thursday. That said, here’s a look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Nasdaq ETF (QQQ) Of the major market ETFs, the PowerShares QQQ ETF (NASDAQ:QQQ) looks
Stocks everywhere are getting roiled by rising concerns that the coronavirus from China is quickly turning into a global pandemic. Semiconductor stocks are getting hit twice as hard. And Micron (NASDAQ:MU) stock is getting hit three times as hard. Source: madamF / Shutterstock.com In February, the S&P 500 has fallen 8% off its highs, the iShares
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
The broad market indices are going down. But that doesn’t mean the entire market is headed down with them. First, it pays to remember in times like these, that the big indices are price weighted. That means the higher the price of the stock, the more it affects the movement of the index. Sometimes, one
You don’t grab a falling knife. But you don’t want to pass up a bargain. The coronavirus from China has revealed a host of potential bargains in the market’s minefield. Let things settle. Wait for a nothing day with the market closing slightly higher, and some (but not all) of the panic to go away.
There are warning signs and red flags that a stock may be in trouble. Heavy Institutional Selling This means that a huge volume is coming into the downside. You can see in the chart below that volume is very heavy (to the downside) and the stock is moving lower. The volume is coming in huge