Month: February 2020

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%
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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
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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
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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
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[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.
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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
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