Nike Inc beat estimates for quarterly revenue on Tuesday as strong digital demand offset the first China sales drop in nearly six years from the coronavirus-fueled shutdowns, but the company held back from providing a forecast due to the outbreak.
Two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite strict measures taken to prevent people infected by the virus from entering the exchange while it remained open last week, according to a memo seen by Reuters.
Three orders of business today…
First, some profit taking.
Back in the beginning of February, when the market began to turn lower, I mentioned two stocks you should own throughout this crisis…
Stock No. 1: Teladoc Health.
Stock No. 2: Zoom.
If you followed along and bought either stock, you’re up huge – all in the midst of the biggest market panic since the Great Depression.
Teladoc Health is up around 60% since February. Zoom is up around 70% since February.
If you played either of these names, take your profits now!
Yes, I will continue to love each stock going forward. But right now, cash is king. …read more […]
Investor portfolios are being brutalized by the coronavirus.
But I have an important message for you…
Do not beat yourself up over what has happened to your portfolio over the past several weeks.
You could not have seen this coming.
Nobody did.
That includes people who are much, much smarter than you or me.
Today, I want to accomplish two very specific things as we work through this crisis together. I believe that we can not only get through it, but also profit from it.
I’ve been on the front lines of two similar market collapses, and those experiences are proving invaluable to me right now. I …read more […]
While the coronavirus’ impact on the market has meant, in most cases, a complete meltdown of companies’ value, there have been a number of outliers among the decimated names. Typically, these are the companies that offer the public and investors alike a product or service needed in such times. While no one would argue streaming is as important as a vaccine, some companies providing services in this field have held steady against the overall market’s decline.Netflix (NFLX), for example. Against the run of play, the streaming giant is up by 10% year-to-date, bolstered by a narrative which suggests more people …read more […]
U.S. President Donald Trump on Tuesday said he wants the U.S. economy to reopen by Easter Sunday, April 12, despite the rapid spread of the novel coronavirus in some U.S. states and a rising death toll from the disease.
Dow, Nasdaq and S&P 500 futures all dipped slightly after opening, as markets awaited word of a final bill in the Senate. …read more […]
Have investors forgotten about Micron (MU)? Amid all the attention surrounding coronavirus, it’s hard to argue if it feels that way. But with the chip giant expected to release earnings after market close tomorrow, the spotlight will be back on Micron.Ahead of the print, Susquehanna’s Mehdi Hosseini has been trimming estimates. Although, as the analyst notes, in the current climate it is hard to gauge earnings on a quarterly basis, the reduction is for earnings in FY20/21. The new targets are for EPS of $1.89/$4.39, down from the previous estimates of $2.26/$6.61.Nevertheless, Hosseini reiterates a Buy rating on Micron shares, …read more […]
(Bloomberg) — Record low prices for heavy Canadian crude have prompted one of the biggest operators in the oil sands to take the rare step of shutting production.Motivated by the “extremely low” prices, Suncor Energy Inc. announced on Tuesday that it will shut in one of its two so-called trains at its two-year-old, 194,000 barrel a day Fort Hills oil sands mine. The company also is delaying the start up of its MacKay River oil sands wells to May, after operations were halted in December because of a malfunction and fire.The move comes as the coronavirus pandemic slashes worldwide oil …read more […]
Nike reported fiscal third-quarter sales that topped expectations, even as the coronavirus outbreak generated a host of disruptions for the athletic-wear maker. Yahoo Finance Live breaks down the numbers. …read more […]
Stock markets soared on Tuesday, with a gauge of global equities posting its biggest gain since the coronavirus roiled financial markets a month ago, as the U.S. Congress zoned in on a $2 trillion stimulus package to curb the pandemic’s economic toll.
As debt continues to mount for oilfield services companies, the coronavirus induced slowdown in drilling activity could be the beginning of a wave of bankruptcies in oilfield services …read more […]
One of the most frequent questions we get at Investmentu.com is “which stocks should I invest in?” While we are constantly looking at upcoming IPOs and trending stocks, you really need to be invested in stocks that have stood the test of time.
Alexander Green, Chief Investment Expert for The Oxford Club had this to say about the recent market downturn:
“The awful investor sells in a panic – and always finds reasons to justify it. The decent investor at least stands pat – and reinvests his or her dividends, if possible. The best investors? They are moving money out of cash …read more […]
“We don’t monetize many of the services where we’re seeing increased engagement, and we’ve seen a weakening in our ads business in countries taking aggressive actions to reduce the spread of COVID-19,” the company said in a statement. It declined to specify in which countries it was experiencing the adverse impact or the magnitude of that impact. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
