Month: February 2020

Inside Virgin Galactic’s hangar at Spaceport America in New Mexico. Virgin Galactic Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space company sank more than 18% amid multiple pessimistic sell-side analyst notes. Both Credit Suisse and Morgan Stanley downgraded the equity from overweight/outperform to equal weight/neutral. Morgan Stanley
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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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[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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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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As of this writing, General Electric (NYSE:GE) stock has posted nine consecutive days of losses on Wall Street. That’s a long losing streak. And it’s all because investors have grown increasingly concerned that the rapidly spreading coronavirus outbreak will have a bigger and longer impact on the industrial conglomerate’s operating results than previously anticipated. Source:
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E-commerce, or what we might informally call online shopping, is practically synonymous with Amazon (NASDAQ:AMZN) in the minds of many stock traders. However, the emergence of other contenders means that there are less expensive alternatives to Amazon in the realm of e-commerce stocks. It’s sometimes a fuzzy category because traditional brick-and-mortar retailers like Walmart (NYSE:WMT) and Target
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