An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the bell. Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended
As investors start to focus on the reopening of the country, they are turning to the beaten down stocks of 2020. We’re seeing some profit-taking in the strong sectors and stocks, and big rallies in the laggards. So for our top stock trades, let’s take a closer look at the latter. Top Stock Trades for
Merck chief executive Ken Frazier has cast doubt on the 12 to 18-month timeframe to develop an effective coronavirus vaccine, describing the widely mooted schedule as “very aggressive”. “It is not something I would put out there that I would want to hold Merck to,” the US pharmaceutical group’s chief told the Financial Times, adding
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the
The race for a vaccine to help prevent the spread of the novel coronavirus has brought attention to a number of small biotech companies. On that list is iBio (NYSEMKT:IBIO), and IBIO stock is trading much higher now than it did in January. Source: Shutterstock The company’s Covid-19 vaccine candidate is known as IBIO-200. If it weren’t
With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends are more than covered by the company’s free cash flow. In addition, the dividend yield is greater than 5% or 6% annually. It took a little searching. For example, a number
I saw an article the other day about Peloton (NASDAQ:PTON) that examined whether Peloton stock is a better buy than Nike (NYSE:NKE). Source: Sundry Photography / Shutterstock.com I’ll be the first to admit that I was never very bullish on Peloton. To me, it seemed like a fancy, techie version of the age-old fitness bike.
You’re new to the U.S. and need a place to stash your money so you can start saving, but where do you start? You don’t want to keep your money under your mattress. You certainly won’t be building any return for your money, and it definitely isn’t safe. So why not turn to a bank?
The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling of “walking into the unknown.” “For
Take a look at some of the biggest movers in the premarket: Merck (MRK) – The drugmaker announced the acquisition of privately held Themis, whose Covid-19 vaccine candidate is approaching human trials. It is also striking a vaccine partnership with non-profit vaccine researcher IAVI, as well as a collaboration with privately held Ridgeback Biotherapeutics to
An employee of the Internet company Facebook walks through the courtyard of the company campus in Menlo Park, California. Christoph Dernbach | picture alliance | Getty Images Check out the companies making headlines in midday trading. Analog Devices — Shares of the semiconductor stock rose more than 8% following its earnings that beat Wall Street’s expectations.
China has sought to reassure international investors that a proposed national security law that critics say gravely threatens Hong Kong’s autonomy would instead improve the business environment in the Asian financial hub. Speaking a day after pro-democracy protesters returned to the streets of Hong Kong following a hiatus during the coronavirus outbreak, Xie Feng, China’s
401(k) regulations allow the employer to determine, to a certain extent, what is defined as “eligible compensation/pay” for contributions to the plan. For instance, some plans include overtime pay in the definition of compensation for salary deferral purposes, while others may not. For example, assume that the plan does not include overtime in the definition
Steven Mnuchin, U.S. Treasury secretary, center, walks through the U.S. Capitol in Washington, D.C., U.S., on Sunday, March 22, 2020. Sarah Silbiger | Bloomberg | Getty Images The first U.S. auction of a 20-year Treasury bond in 34 years was met with strong demand, showing the market is open to the government’s plan to extend the average
One only needs to look at Western Europe’s April car sales to know that 2020 has been a disaster for all vehicle manufacturers including Tesla (NASDAQ:TSLA). On a relative basis, however, Tesla’s April decline was actually pretty good, which is great news if you own TSLA stock. Source: Tudoran Andrei / Shutterstock.com Here’s why. According
A customer gets ready to fill his car with gasoline at a Shell gas station in San Francisco, California. Getty Images The upcoming Memorial Day weekend could be a test for the gasoline market, depending on whether drivers in reopening states hit the road and then keep on driving. Gasoline demand is about 30% below
Rich countries are set to take on at least $17tn of extra public debt as they battle the economic consequences of the pandemic, according to the OECD, as sharp drops in tax revenues are expected to dwarf the stimulus measures put in place to battle the disease. Across the OECD club of rich countries, average
The U.K. government’s treasury building Matthew Lloyd | Bloomberg | Getty Images The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks. In an auction Wednesday, the country’s Debt Management Office said it
Still a few days shy of its one-month anniversary as a public company, DraftKings (NASDAQ:DKNG) stock is rapidly becoming the toast of Wall Street. Source: Lori Butcher/Shutterstock.com Shares of the daily fantasy sports (DFS) company and sportsbook operator are up 45% since the April 24 initial public offering. Under any circumstances, that’s an impressive performance,
Exxon Mobil (NYSE:XOM) stock is an interesting, arguably fragile place at the moment. For active traders zeroing in on the narrowest of time frames, it’s hard to ignore that the largest U.S. oil company jumped nearly 8% on May 18. Source: Jonathan Weiss / Shutterstock.com Likewise, it would be prudent to not tempt fate and