Month: April 2020

Saddled by another round of bleak economic data delivered on a Thursday and tepid earnings reports, stocks faltered in the final trading day of April, though the major equity benchmarks posted strong monthly performances. Source: Provided by Finviz The S&P 500 declined 0.92%. The Dow Jones Industrial Average slid 1.17% The Nasdaq Composite retreated 0.28% After
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Despite the robust after-hours reaction on Wednesday, bulls had a frustrating session in the stock market today. Microsoft (NASDAQ:MSFT), Qualcomm (NASDAQ:QCOM), Facebook (NASDAQ:FB) and Tesla (NASDAQ:TSLA) all traded higher in Wednesday’s after-hours session. While some reactions were only mildly higher — like MSFT and QCOM — others were higher by 8% to 10%. That gave
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[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com Should you buy Penn National Gaming (NASDAQ:PENN) stock? Shares have rebounded in recent weeks, as investors shake off novel coronavirus concerns,
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General Electric reported Wednesday a steep decline in first-quarter revenue as the industrial giant took a hit amid the coronavirus pandemic.  The company posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%. On an adjusted per-share basis, the company earned 5 cents. That’s below a Refinitiv estimate of 8 cents per
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Throughout 2019, the fiscal outlook was rosy for lululemon (NASDAQ:LULU) stockholders. Those were the good old days, before the spread of the novel coronavirus left the American retail sector in disarray. Source: Sorbis / Shutterstock.com Informed investors need to think of time as divided into two distinct sections: before Covid-19, and after. You can’t afford
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With shares rebounding about 30% from their 52-week low, what’s next for Disney (NYSE:DIS) stock? Source: nikkimeel / Shutterstock.com Social distancing has been a tailwind for the company’s growing streaming business. However, shutdowns due to the novel coronavirus have been a big headwind for the company’s Theme Parks division. Like with many major stocks, investors
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Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
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A person walks by rows of stores closed during the outbreak of the coronavirus disease (COVID-19) in New York, March 28, 2020. Andrew Kelly | Reuters Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders. That raises questions about how consumers will behave as the economy
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