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Intel (INTC) leads the Dow higher on activist letter. Intel rose 2% to close out the year as Third Point investor Dan Loeb wrote a letter to Intel's board highlighting the need for several changes. Intel replied that they welcome a discussion with Third Point to create future shareholder... Read More
A breakout in the material space. Freeport-McMoRan (FCX) rose 7% to its highest level in more than five years as metal/mining names have been on a tear of late. Freeport was upgraded last week with a $31 price target. More negative comments for fuboTV (FUBO). The sports streaming program... Read More
The Boeing 737 Max (BA) is flying once again. Boeing is up 2% as their commercial service in the U.S began once again today as American Airlines flight 718 took off from Miami for New York's LaGuardia Airport at 10:24 am this morning. This ends a 20-month grounding of the... Read More
Big cap tech finishing on a high note. Apple (AAPL) is up 4% to new all-time highs anticipating strong demand for iphones next year. Facebook (FB) and Amazon (AMZN) are also up over 3%, lifting the Nasdaq composite up a percent for the day and up over 40%... Read More
Elon Mush floats idea to starting one parent company to hold Tesla (TSLA), SpaceX, Boring and Neuralink. Elon Musk is the CEO of multiple companies. One thing all of these companies have in common is the desire to solve problems humans are or will soon face and let... Read More
Pfizer (PFE) rolling out the vaccine. Pfizer is up 2% today as the Center for Disease Control (CDC) said a million doses of the Pfizer vaccine have been administered to people while 9.4 million doses have been distributed to locations around the country. The distribution includes Moderna's vaccine.... Read More
Apple (AAPL) inching toward an all-time high. The world's most valuable company is up 3% on news they are experimenting with making a battery-powered self-driving Icar. That sounds a lot like what Tesla, the world's most valuable auto maker, does for a living. Diamond for the day typically creates... Read More
The banks are back. The big banks are all up 3% or more led by JP Morgan Chase (JPM) up 4.5% as they announce a $30 billion share buyback plan for 2021 following the Federal Reserve loosening restrictions on buybacks. The $30 billion equates to 7.9% of JP Morgan's... Read More
Airbnb (ABNB) gets an upgrade. The recent IPOs initially sold off, but now is performing well once again up 7% today thanks in part to an upgrade with an $180 price target. A crazy year gets crazier with a flourish of IPOs. Airnbnb is now worth more than Booking... Read More
Rite Aid (RAD) got it right. The drugstore chain is up 18% to new recent highs following strong earnings. Rite Aid easily beat estimates as revenue rose 12% thanks to higher front-end store sales for immunity-boosting products. Looking ahead, Rite Aid is expected to boost customer traffic once it... Read More
New York Governor Andrew Cuomo makes a wager on sports. DraftKings (DKNG), the online betting stock, is up 4% on news Andrew Cuomo is open to legalizing sports betting to help with budget issues in New York State. Penn National Gaming (PENN) is also higher. Pfizer (PFE) is... Read More
Apple (AAPL) keeps the averages afloat. Apple is up 3% on news from Asia that the company intends to increase iPhone assemblies by 30% in the first half of 2021 with an aim to produce up to 230 million units in 2021. Pullback in the recent IPOs. DoorDash (DASH)... Read More
McDonald's (MCD) gets an upgrade (MCD). McDonalds is up 2% thanks to an upgrade and new additions to the menu, including the return of the McRib and coming launch of a plant-based burger called, McPlant. The vacation to outer space has been delayed. Virgin Galactic (SPCE) is down... Read More
Disney + is a real plus. Disney (DIS) is up 10% to new highs after disclosing their Disney+ subscribers are now 86.8 million up from 60.5 million in early August. Including Disney+, Hotstar, Hulu and ESPN+, the company's streaming services has more than 137 million subscribers. In 2021, Disney+... Read More
Starbucks (SBUX) aggressive growth strategy. Starbucks is up 4% to an all-time high is looking to expand its store footprint by more than 66% globally or 55,000 new stores. The company also reaffirmed guidance for 2021 while expecting outsized earnings growth with non-GAAP earnings growth of at least... Read More
DoorDash (DASH) comes public. The largest provider of food delivery service with 18 million customers is up 80% after coming public today in an IPO. The company is valued at $38 billion making the company worth more than Ford, Chipotle, Walgreens and Bank of New York Mellon. Read More
HBO Max helping AT&T (T). AT&T is up 4% to a six month high after CEO John Stankey told the UBS Global Conference that Warner Media streaming platform witnessed a 48% increase in subscriber activations in the last six weeks as HBO Max activations jumped to... Read More
Eastman Kodak (KODK) higher after federal regulators reportedly found no wrongdoing in the process which created a loan to the company to produce ingredients made in drugs. The stock is jumping 50% as investors hope the loan for $765 million to manufacture drug materials will be back on. Lets... Read More
Energy is back. The energy sector (XLE) is up 4% today, up 9.7% since the end of November, extending its 10-week rally to 32.3% versus a 9.7% quarter-to-date gain for the S&P 500. Not bad. Read More
Boeing (BA) flying high. Boeing is up 6% to a nine-month high as Europe's largest budget airline, Ryanair placed an order to buy 75 of the much maligned 737 Max aircraft. The CEO for Ryanair said its going be the safest aircraft ever delivered. Yesterday, American Airlines was the... Read More
Pfizer's COVID-19 vaccine a "Go" in the UK. Pfizer's stock is up 4% to new highs as the U.K. became the first country to authorize the Pfizer-BioNTech vaccine for emergency use, marking another step in the global battle against the pandemic. The U.S.-German vaccine will now be rolled out in... Read More
Pfizer (PFE) and Moderna (MRNA) keep rising. Moderna's stock has jumped over 50% in the last week as the company inches closer to FDA approval of their COVID-19 vaccine. Pfizer gets the diamond of the day up 3%, hitting a new 52 week high, as they formally... Read More
COVID-19 vaccine stocks flying high. Pfizer (PFE) is up 2.5% while Moderna (MRNA) is jumping 16%. Moderna will file today with the FDA for emergency use of their COVID-19 vaccine. The CEO for Moderna says the vaccine will protect against severe COVID-19 outcomes at 100%. Can't... Read More
Moderna (MRNA) is jumping 18% after signing a supply agreement with the European Commission for 80 million doses of its coronavirus vaccine candidate, mRNA-1273. The company has been in advanced discussions for this deal with the European Commission since August. Moderna expects to start delivery of the vaccine, if... Read More
Slack Technologies (WORK) is no slacker. The cloud software stock is up 35% on rumors Dow component, Salesforce.com has been in talks to buy the firm. An acquisition of Slack would be the largest by San Francisco-based Salesforce since its $15.7 billion buy of Tableau Software in 2019. Salesforce.com... Read More
The banks are back. Wells Fargo (WFC) is up 9% to a five-month high on an upgrade at Raymond James. The banking sector is up over 20% in the last three weeks. The rotation continues.
Profit-taking in Best Buy (BBY). Consumer electronics retailer is down 5% following earnings. The...
Read MoreBoeing (BA) acting much better. Boeing is up 4% as Delta Air Lines is considering buying the Boeing 737 Max for its fleet while the European safety regulators will likely lift the plane's grounding in January. Here in the US, the FAA has lifted their restrictions on the 737... Read More
Pfizer (PFE) and BioNTech (BNTX) filed with the FDA today for emergency authorization for its Covid-19 vaccine. The stocks are up 1.5% and 9% respectively. The two companies are hoping to rapidly roll out their COVID-19 vaccine next month to all parts of the globe. Pfizer says... Read More
Sonos (SONO) sounds good. The wireless speaker stock is up 25% following strong earnings as consumer spending shifts toward at-home entertainment because of the pandemic. Sonos also raised guidance and announced a $50 million share buyback as their fiscal 2020 was the 15th year in a row we grew... Read More
Target (TGT) trading at all-time highs. The big box retailer is up 5% to new all-time highs following blow out earnings and sales up 23.3% to $22.34 billion. The size and layout of Target stores has made it easier for skittish consumers to shop with ease amidst virus-related concerns.... Read More
Tesla (TSLA) getting added to the S&P 500. Tesla is up 7% to a two month high after news the S&P 500 will add it to its index on Dec. 21st. With five consecutive quarters of profitability behind it and now the 10th largest US company by market cap,... Read More
Moderna (MRNA) lifting the major averages. The biotech is up 5% after jumping 15% on the open to new highs thanks to positive results from its Phase 3 COVID-19 vaccine candidate. The vaccine efficacy came in at 94.5%, better than Pfizer's vaccine. Plus, Moderna's vaccine can be transported and... Read More
Cisco Systems (CSCO) leading the techs higher. The router and switch stock is up 6% following earnings. Cisco beat by 6 cents even as sales fell 6% to $11.93 billion. The CEO Chuck Robbins described the numbers as a, "Solid start to fiscal 2021 with signs of improvement... Read More
Fossil Group (FOSL) is having a good day. The watch and apparel maker is jumping 25% following strong earnings. Fossil earned 31 cents a share after reporting a loss of 51 cents in the same quarter a year ago. Sales fell 19% to $435 million but were projected to... Read More
FuboTV (FUBO) scores. The "skinny-bundle" virtual cable service heavy on sports channels is up 23% following better than expected earnings. FuboTV is losing money but did see acceleration in subscriber growth. The company also raised guidance thanks to a growing sports calendar, busy news cycle and the secular decline... Read More
Eli Lilly (LLY) jumps on approval of COVID-19 antibody treatment for emergency use. Lilly is up 4% after the FDA approves their monoclonal antibody treatment for mild to moderate forms of the coronavirus. President Donald Trump received a similar experimental antibody drug from Regeneron Pharmaceuticals. Beyond Meat (BYND)... Read More
Best Monday ever! The markets are up over 3% as Pfizer (PFE) announces a 90% effectiveness of thier COVID-19 vaccine. The CEO is calling this the most significant medical advance in the past 100 years. Read More
CVS Health (CVS) looking healthier. The drugstore and health insurance giant is up 7% to a three month high following better than expected earnings and raised guidance. A surge in coronavirus testing along with a rebound in insurance and retail business led to the better numbers. CVS... Read More
Plenty of diamonds once again thanks to earnings. GM (GM) is up 5% following strong earnings. Chipmaker, Qualcomm (QCOM) is up 13% to new highs following strong earnings as sales rose 35%. Industrial, Parker-Hannifin (PH) is up 9% following earnings. Even an energy/utility company, Dominion Energy (D) is up... Read More
Uber (UBER) and Lyft (LYFT) getting a lift from the elections. Both stocks are up 11% following news that California voted to exempt gig-economy companies from classifying contractors as employees, saving the companies millions of dollars in added costs. Caterpillar (CAT) taking a hit. Caterpillar is down 6%... Read More
Bristol Myers Squibb (BMY) gets positive drug data. Bristol is up 3.5% after experimental plaque psoriasis oral drug proved more effective in clearing moderate to severe cases of the skin condition than placebo or Amgen Inc's Otezla in a late-stage study. The skin condition affects 7.5 million Americans and... Read More
Clorox (CLX) shining brightly. The maker of disinfectants, Glad bags and Kingsford and Match Light is up 4% following strong earnings as sales rose 27%, the best quarterly sales growth in more than two decades. Clorox has been running factories around the clock using more third-party suppliers and even... Read More
Google/Alphabet (GOOG) bucking the trend. The search engine is up 4% following strong earnings. Google beat earnings estimates by 45% as sales rose 14% to $46.17 billion ahead of estimates of $42.84 billion. It was a record sales quarter as Google saw strong demand for their cloud services along... Read More
Pinterest (PINS) makes money. The image-discovery platform is jumping 30% following better than expected earnings as sales rose 58% to $442.62 million verse estimates of $386.29 million. Revenue growth was driven by a rebound in global advertising spending from last quarter's pandemic-driven downturn, plus an increase in the number... Read More
General Electric (GE) and Ford (F) both rose 4% following better than expected earnings thanks in part to cost cuts. Both executives are promoting their turnaround plans for the better results. Read More
Harley-Davidson (HOG) had a good summer. The 117-year-old motorcycle company is up 22% to an 8-month high following strong earnings. Dealer inventory fell more than 30% compared with a year ago while asking price for the 2020 model-year motorcycles remained firm as customers wanted to ride the open road. Eli... Read More
Dunkin' Brands (DNKN) may go private. The coffee stock is up 15% to new highs after confirming they are in talks to be acquired by Inspire Brands for roughly $9 billion. The private equity group already owns restaurant chains Arby's, Buffalo Wild Wings and Jimmy John's. Read More
A big day for Gilead Sciences (GILD). The biotech is up 4% after confirming its remdesivir treatment for COVID-19 was approved by the FDA. The antiviral drug already had FDA emergency authorization to be used including on the President of the United States. Gilead also announced the... Read More
AT&T (T) having a good day. AT&T is up 5% following better-than-expected earnings. The pandemic has hurt Warner Media with closed movie theaters, disrupted television production, and delayed sports events. However, AT&T has done well to add new wireless subscribers along with HBO and HBO Max streaming service... Read More
Oh Snap! Snap (SNAP) is up 27% to new highs following better than expected earnings. The instant messaging app maker posted a surprise third quarter profit on surging user and revenue growth. Snapchat saw a 18% in new members while the July boycott of Facebook boosted advertising sales by... Read More
Justin Bieber helping out Croc's (CROX). Croc's is up 5% to new highs on an upgrade with a $60 price target. The analyst believes there is potential upside coming due to an uptick in Classic clogs halo demand from the Justin Bieber collaboration. One step forward, one step back. span... Read More
Cree (CREE) has a bright idea. The LED and chip company is selling their LED Products business to SMART Global Holdings for $300 million. The transaction represents another key milestone in Cree's transformation to create a pure-play global semiconductor powerhouse. Wall Street seems to agree. The... Read More
Industrials acting well. Caterpillar (CAT) is up 3% on an upgrade. The analyst expects outlook and earnings to substantially improve beginning in 2021 due to anticipated growth from global reacceleration. The analyst has a price target of $220 a share or 30% upside from current levels. Transports taking a hit... Read More
Going to the mattresses. The bed maker, Sleep Number (SNBR) is jumping 11% to new highs following blow out earnings as sales rose 12%. The company also raised estimates for the full year as people spend their stimulus money on new mattresses. Fastly (FSLY) taking a hit. The cloud... Read More
Value hunting in the oil space. Oil and gas producer, Concho Resources (CXO) is up 12% lifting the sector on speculation ConocoPhillips is looking to acquire their oil and gas assets in the productive Permian Basin, with operations concentrated specifically in the Delaware and Midland Basins. The big banks missed... Read More
Disney (DIS) focused on streaming. The Entertainment giant is up 4% as the company announced a massive reorganization of its media and entertainment business that will focus on developing productions that will debut on its streaming and broadcast services. A few weeks ago, Third Point Capital hedge fund, called... Read More
Apple (AAPL) and Amazon (AMZN) both up over 3%. Apple is up ahead of an iPhone 12 event scheduled for tomorrow while Amazon.com is up ahead of their two-day Prime Day which starts at midnight. The Nasdaq is up nearly 2% thanks to Apple and Amazon. Carnival (CCL)... Read More
Semiconductor index is trading at new all-time high. Chipmaker, Xilinx (XLNX) is up 13% on rumors AMD is in advance talks to buy the company. NXP Semiconductor (NXPI) is up 4% after raising guidance for the current quarter. The chip stocks are back. Read More
IBM (IBM) plans a spinoff. Big Blue is up 5% after announcing the spinoff of their $19 billion managed-infrastructure services business to focus on their growing cloud software and service businesses. The tech giant said it expects to complete the transaction via a tax-free spinoff to shareholders by... Read More
Eli Lilly (LLY) is up 2% after releasing positive interim clinical trial data for its Covid-19 treatment. Lilly is also going to submit an initial request for an emergency use authorization of the drug. Last week, Regeneron also reported positive early data on the Covid-19 treatment which was also... Read More
BioNTech (BNTX) up 6% as their COVID-19 vaccine moves forward. BioNTech along with partner Pfizer are getting a "rolling submission" for approval of their Covid-19 vaccine candidate from the European Medicines Agency. Pfizer has said initial Phase 3 clinical trial results could be in by the end of October.... Read More
Regeneron Pharma (REGN) helping the President get better. The biotech is up 6% following news their antibody treatment is being administered to the President. The CEO for Regeneron made a statement saying his company is proud to help President Trump and glad he is feeling better. Regeneron was... Read More
Turnaround underway at Bed Bath & Beyond (BBBY). The stock is up 10% following earnings yesterday and an upgrade today with a $23 price target. Home design, home goods, and home improvement space are experiencing high demand from consumers who are spending more time in their houses due to... Read More
Eagles finally get a win. DraftKings (DKNG) is up 5% to a new all time high after inking a multiyear deal with the Philadelphia Eagles which includes being the official Daily Fantasy Sports Partner and Official Sports Betting Partner for the team along with naming rights for the field... Read More
Open sesame. Alibaba (BABA), the Chinese Amazon is up 5% not far from all-time highs following an upgrade and a $318 price target as profits and cash flow continue to improve as the Chinese economy gets back to more normal conditions. China's cloud market, now just an eighth of... Read More
The "force" is with Hasbro (HAS). The toymaker is up 4% to a seven month high following an upgrade at BMO Capital. The analyst raised his price target to $90 a share from $69 a share as he sees strong sales for "boredom busters" like board games, outdoor... Read More
Upgrades for UPS (UPS) and FedEx (FDX). The world's two biggest package delivery companies are both up 2% to new all-time highs following upgrades. Strong demand and low oil prices should produce record profits. FedEx is working on a plan to help distribute coronavirus vaccine treatments to... Read More
Novavax (NVAX) enters phase 3 for their Covid-19 vaccine. Novavax is jumping 10% as they will test up to 10,000 volunteers in the United Kingdom over the next four to six weeks. Novavax expects to scale up its manufacturing capacity once approved to 2 billion annualized doses by as... Read More
Apple supplier doing well. Jabil (JBL) is jumping 2% following earnings that were much better than expected. Jabil makes the casings for Apple iphones and ipads and beat sales expectations by a billion dollars or 15%. The company also raised earnings guidance going forward so it could be a... Read More
Nike (NKE) flying higher. Nike is up 10% to new all-time highs following better than expected earnings. Nike easily beat earnings expectations as sales surpassed estimates by over a billion dollars. Nike saw strong digital sales growth of 82% while Chinese sales grew 6% verse expectations of negative growth.... Read More
Upgrade for Amazon (AMZN). Amazon is up 3% as an analyst sees Amazon increasing fulfillment capacity by 50% year-over-year through 100+ new facilities while planning to add another 100,000 workers.
Yesterday, Nikola (NKLA) was the dog. Today, its Tesla (TSLA) down 5% ahead of their "Battery Day" meeting...
Read MoreRoku (ROKU) pretty as a peacock. Roku is up 15% as they settled a dispute with Universal by adding the Peacock app to their platform, reaching households with an estimated 100 million people. Peacock provides access to more than 20,000 hours of on-demand movies and shows, as well as... Read More
U.S. Steel (X) flexing their muscles. The 119-year-old company is up 6% to a three month high after the company raised guidance. Strengthening steel fundamentals and increase production will improve earnings as management has grown confident in the recovery in North America and Europe. Apple (AAPL) trading lower. The tech... Read More
General Electric (GE) shining brightly. The 130 year old Industrial and lighting company is up 4% today after rallying 10% yesterday when management they would be cash flow positive for the second half of the year. Many of the recent IPOs can't say that. Dave & Buster's Entertainment (PLAY) down... Read More
Snowflake (SNOW) debuting as the biggest software IPO ever amid frenzied demand for cloud firms during this pandemic. Snowflake is up 100% from the IPO price which was adjusted several times in the last week. With the IPO, Snowflake has become one of the largest software... Read More
T-Mobile (TMUS) and American Tower (AMT) sign a new deal. Both stocks are up 3% as a new long-term agreement will enhance T-Mobile's access to American Tower's US sites and help expand 5G also providing long-term revenue growth and visibility for American Tower. The timing of Citigroup (C )... Read More
Merger Monday is back. Biotech, Immunomedics (IMMU) is jumping 100% after agreeing to be acquired by Gilead for $21 billion in cash. Biotech, Seattle Genetics (SGEN) is up 8% after accepting a $4.2 billion investment from Merck. America Movil (AMOV) is up 6% after selling their prepaid... Read More
Zumiez (ZUMZ) zooming higher. The hip teen retailer is up 8% following earnings. Zumiez easily beat expectations as sales rose 9.6% to $250 million. Zumiez management believes the retailer is well positioned with a majority of stores open with $300 million in cash and no debt. Peloton (PTON) back... Read More
An upgrade for Penn National Gaming (PENN) ahead of the start of the NFL season tonight. Penn National is up 8% as an analyst at Rosenblatt raised his target to $80 a share suggesting explosive growth next year as betting moves online. Oil back in the doghouse. The energy... Read More
Upgrade for FedEx (FDX). FedEx is up 2% near all time highs and up over 60% since the start of July when they reported much better than expected earnings. The shift to online consumption of more products caused ISI research to raised their FedEx price target to $300... Read More
Nikola (NKLA) gets a good deal with GM. The electric truck company with no trucks is up 35% after giving GM a 11%, or roughly $2 billion equity stake in the firm to engineer and manufacture their light-duty truck named Badger. The Badger is not expected to enter production... Read More
One chip stock bucking the trend. Broadcom (AVG) rose 3% as earnings beat expectations. Broadcom's sales rose 5% thanks to strong revenue from the cloud and telecom industry. A number of upgrades with price targets as high as $350 as one analyst believes the dividend should be hiked by... Read More
Another sign of life. Carnival Cruise (CCL) is up 6% as they plan to restart cruise operations in Italy this weekend. Carnival's Italy-based Costa Cruises is scheduled to have one of its vessels, Costa Deliziosa, depart on Sunday from Trieste, followed by other sailings this month out of Italy. A... Read More
Signs of life. AMC Entertainment (AMC) is up 12% as the movie theater chain announces it will reopen 140 theaters or 70% of their theatres for the highly anticipated big-screen premiere of Christopher Nolan's Hollywood film, "Tenet." Profit-taking in Tesla (TSLA). After jumping 80% in three weeks and... Read More
Zoom Video (ZM) zooming higher following earnings. The stock is up 45% today and up 100% in the last three weeks as businesses flocked to the video conferencing over the last five months. Earnings easily beat expectations as sales rose 354% to $663 million. The company also raises guidance basically... Read More
Apple (AAPL) and Tesla (TSLA) split today. The broader market is lower, but Apple is up 3% and Tesla is up 9% as both split their stock 4 for 1 and 5 for 1 respectively. No fundamental reason for the rise, but investors are buying up at least... Read More
Workday (WDAY) is working. The cloud computing HR stock is up 13% to new highs following earnings. Workday beat by 18 cents as sales rose 19.6% year over year to $1.06 billion as the coronavirus has moved more corporate business online and to the cloud. One analyst upgraded the... Read More
Abbott Labs (ABT) gets good news from the FDA. The drug maker is up 6% to all-time highs as The U.S. authorizes emergency use of Abbott's rapid Covid-19 test that costs $5 and takes only 15 minutes. One analyst expects a $750 million boost to Abbott's sales while... Read More
A good week for Salesforce (CRM). The software maker is up 26% following earnings and news their stock will be added to the Dow Jones Industrial Average. Earnings jumped 118% from a year earlier while revenue climbed 29% to $5.15 billion, including the acquisition of Tableau Software. Salesforce earnings... Read More
The coffee is brewing. J.M. Smuckers (SJM) is jumping 8% to a four-month high following better than expected earnings as sales rose 10.8% to $1.97 billion. The company also raised guidance and raised their dividend last month thanks to strong sales for their Folgers coffee and their numerous pet... Read More
Inching closer to a Covid-19 vaccine. AstraZeneca (AZN) is up 2% near all-time highs as the Trump Administration could grant emergency use of their coronavirus vaccine candidate as early as October, before the Presidential election, if the coronavirus vaccine shows success after its late-stage testing. The U.S. has already... Read More
Apple (AAPL) adds a $100 billion market cap today after becoming the first US company to reach the $2 trillion mark. Apple rose 5% on no news with a 4 for 1 stock split coming in a week. The company is working on new AR/VR headsets, but really no... Read More
Intel (INTC) reinitiates share buyback. The chipmaker is up 2% after announcing a $10 billion accelerated share buyback plan after suspending the plan this spring. The new plan will buy back nearly 5% of the outstanding shares and complete a $17.6 billion plan announced last fall. Estée Lauder (EL) has... Read More
Target (TGT) is on target. Retailer Target (TGT) is up 11% after reporting a monster quarter. Profits jump 80% as same store sales set a record. E-commerce services saw dramatic growth attracting 10 million new digital customers while picking up $5 billion in market share in the first... Read More
Oracle (ORCL) up 2% as they eye TikTok. Move over Microsoft, software firm Oracle is looking into acquiring TikTok. Oracle would get almost no operational benefit from the acquisition. Instead, Oracle would look at TikTok purely as an investment. Or they may be trying to run up the price... Read More
Gold shining brightly. Barrick Gold (GOLD) is up 3% after it was disclosed Warren Buffett and Berkshire Hathaway bought 29 million shares worth $600 million during the second quarter. The commodity is up nearly 30% year to date with all the fiscal stimulus the government is throwing at the... Read More
Chip demand remains strong for Applied Materials (AMAT). The chip equipment maker is up 5% to a new high following better than expected earnings. Sales rose 23% while Applied raised guidance stating that growth should be sustained in 2021. Limited sports hurting DraftKings (DKNG). The online betting company is... Read More
3M (MMM) reports strong July sales. 3M is up 2% at a two month high as July sales rose 6% year over year led by their health care division with sales up 29%. The coronavirus has been good for at least some of 3M's businesses. Vroom (VRM) shifting down... Read More
Stock splits are the new rage. Tesla (TSLA) is jumping 13% after announcing a five for one stock split. Mathematically, splits don't matter, but Apple and Tesla have seen their stocks perform well since announcing splits.This may spur other companies to consider doing the same. There are 13 stocks... Read More
Bristol Myers (BMY) gets positive news on their lung cancer drug. The stock is up 3% to a three-month high after their cancer drug demonstrated a significant improvement in overall survival (OS) in patients with a rare but aggressive form of cancer that attacks the lining of the lungs... Read More
Pent up demand for sneakers. Foot Locker (FL) is up 9% as the company preannounces upside guidance. The company now expects to make 60 cents verse estimates of a loss of 60 cents. Same-store sales for the quarter have risen 18%, compared with consensus for a decline of 23.6%. Management... Read More
Rocket Companies (RKT) is up like a rocket. The parent company for the largest mortgage lender in the US is up 13% after coming public yesterday. Founder, Dan Gilbert said they wanted to come public to use their stock as a currency for potential acquisitions of fintech companies. Following... Read More
The Big Five leading the averages higher. The major averages are up half a percent thanks to Apple, Amazon.com, Microsoft, Alphabet and Facebook. Facebook is up 5% today and up 15% in the last week. Apple is up 3% today and up 20% since earnings last week. Amazing run. Insurers taking... Read More
Streaming lifting Disney (DIS). Disney is jumping 9% to a two-month high following lackluster earnings as sales fell 41% for the quarter. However, the company did make money and Disney+ has surpassed 100 million paid subscribers worldwide. That includes 60.5 million for Disney Plus through July, nine months after... Read More
Ford (F) gets a new CEO. Ford motor is up 2% CEO Jim Hackett will stepdown and be succeeded by COO Jim Farley, who has been at Ford since 2007. The stock price is down 40% under the reign of now former CEO Jim Hackett. Ford... Read More
The big are getting bigger. Security firm, ADT (ADT) is up 57% as Google takes a $450 million stake in the home security firm to compete with Apple and Amazon. ADT will begin distributing to Google's Nest home products exclusively. Read More
The tech titans reign. Apple (AAPL), Facebook (FB) and Amazon (AMZN) are all up 5% or more following earnings. Apple will split 4 for 1. Plenty of upgrades for the stocks which sit at or near all-time highs. Google/Alphabet (GOOG) is the lone tech titan lower following... Read More
United Parcel Service (UPS) surges 13% to new highs following strong earnings. UPS blew past Wall Street's expectations thanks to pandemic-era demand for e-commerce deliveries, health-care equipment and goods from Asia. Revenue jumped 13% to $20.5 billion in the second quarter, topping the highest analyst estimate and confounding... Read More
Full speed ahead for AMD (AMD). The chipmaker is up 12% to new highs following better than expected earnings. AMD beat estimates as sales rose 26% to $1.93 billion. AMD went to raise guidance as they expect business to accelerate into year end. Take that Intel. Aviation... Read More
Cummins (CMI) is reviving up their engines. The stock is up 5% to a 52-week high following better than expected earnings. Cummins easily beat estimates even as sales fell 38% to $3.85 billion. Cummins expects sales to improve in the third quarter as their facilities went from complete shutdown... Read More
A new chip titan.Taiwan Semiconductor (TSM) is up 7% to new highs following an upgrade and rumors Intel may use them to manufacture their chips. Taiwan already makes chips for Apple. Taiwan's market cap is now nearly $400 billion making it the 12th most valuable stock worldwide. Impressive. Read More
Bad news for Intel is good news for AMD (AMD). The chip maker is up 11% to all time highs as Intel's next generation of chips would be delayed and that it may seek a third-party manufacturer to make them. The delay gives AMD the lead and... Read More
One regional bank standing out. Huntington Bancshares (HBAN) is up 3% to a one month high following better than expected earnings and raised guidance for the third quarter. Average loans and leases increased 7% to $5.3 billion while noninterest income increased $17 million or 5% thanks to better mortgage... Read More
Reopening has been good to Best Buy (BBY). The electronics retailer is jumping 9% after updating guidance. The company now expects sales to rise 2.5% year over year thanks to reopening of their stores. International sales are even better up 8%. Ooh Snap (SNAP). The messaging app company is... Read More
Big Blue up in the clouds. IBM (IBM) is up 4% following better than expected earnings as the merger with Red Hat helped lift sales particularly in the cloud computing space. Total cloud revenue came in at $23.5 billion up 20% in the last year.... Read More
Consolidation in the oil patch. Noble Energy (NBL) is up 5% after agreeing to be acquired by Chevron for $5 billion. The deal is accretive and cash flow positive. The downside, Noble was worth 2.5 times more to start the year just six months ago. Ouch. Profit taking in PetMed... Read More
Sobering news from BlackRock (BLK). The financial stock is up 3% to new highs on strong earnings and record inflows, but they did have some sobering news. CEO Larry Fink made comments stating he believes the economic downturn right now is worse than 2008. Profit-taking in Netflix (NFLX).... Read More
Domino's Pizza (DPZ) remains red hot. Domino's is up a percent to a new all-time high following earnings. Same-store sale in the US rose 16.1% in the second quarter up sharply from the 2.1% growth logged in the same period last year. Twitter (TWTR) hacked. The social media company's... Read More
Moderna's (MRNA) vaccine seems to be working. The drug maker is up 12% after reporting positive data from an early trial of its experimental coronavirus vaccine. Moderna said the phase 1 trial of MRNA-1273, its proposed coronavirus vaccine candidate, induced antibody reactions in all 45 patient participants, with no... Read More
JP Morgan Chase (JPM) remains a port in the storm. JP Morgan is up a percent following earnings. The earnings were not spectacular as loan losses increase, but thanks to their fortress balance sheet and earnings power, JP Morgan can absorb even more credit reserves if needed while still... Read More
Pfizer (PFE) and BioNTech (BNTX) are lifting the markets. The two drug companies are up 5% and 14% respectively as their combined COVID-19 vaccine candidates have received Fast Track designation from the U.S. Food and Drug Administration (FDA).
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Netflix (NFLX) remains red hot. The streaming giant is up 6% to new highs as Goldman Sachs upgrades the stock predicting that Netflix has added over 12 million new subscribers verse estimates of 7.5 million new subscribers. The analyst raised his earnings estimates and price target to $670 a... Read More
Nvidia (NVDA) surpasses Intel as the largest chipmaker. The graphic chipmaker is up 2% to new highs surpassing Intel with a market cap of $257 billion. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX... Read More
Alibaba Group (BABA) may spin off their financial arm. The Chinese Amazon is up 8% to new all-time highs as the company considers an IPO for Ant Financial Services Group, their fintech division which could be worth $200 billion. Alibaba's market cap is now $700 billion or half... Read More
Novavax (NVAX) jumps 25% on federal funding. The biotech firm received $1.6 billion from the federal government to accelerate their COVID-19 vaccine development program. The funds will be used to complete late-stage clinical development of its vaccine candidate for Phase 3 trials and scale up manufacturing aiming to deliver... Read More
Tesla (TSLA) likes the shorts. Tesla is up 10% to new highs on another upgrade with a $1500 price target. Elon Musk also made fun of people shorting his stock by selling short shorts on his website featuring the letters "S3XY" on the back which represent the names of... Read More
To the moon Alice. Tesla (TSLA) is soaring 7% to new highs after reporting strong vehicle deliveries for the second quarter. Tesla's stock has tripled so far this year bringing the market cap to over $200 billion, now the most valuable auto company surpassing Toyota and triple the combined value of Ford and GM. Wedbush upgraded the stock with a $1250 price target with a bull case of $2000 a share. Amazing times. Read More
Online shopping lending support to FedEx (FDX). The delivery stock is up 12% to a four-month high following better than expected earnings. Adjusted for one-time items, FedEx earned $663 million, or $2.53 a share verse estimates of $1.58 a share. Sales came in at $17.4 billion down slightly year... Read More
Chip stocks look good. Micron (MU) is up 6% following better than expected earnings thanks to strong demand from data centers. Chip maker, Xilinx (XLNX) is up 6% after raising guidance. The stock was upgraded as well. At least one sector is working. Read More
Boeing (BA) lending support to the markets. Boeing is up 6% after the FAA regulators will allow the 737 MAX aircraft to begin test flights as early as this week. The 737 Max has been grounded for the past 15 months following two fatal crashes in late 2018... Read More
Gap (GPS) confirms retail partnership with Kanye West. Gap is jumping 30% as a multi-industry creative entrepreneur, Kanye West is poised to bring his YEEZY brand to millions of customers around the world through a partnership with the Gap brands. The YEEZY Gap line is expected to... Read More
The big banks look strong. JP Morgan Chase (JPM) is up 3% as FDIC aims to ease restrictions from the Volcker Rule to give banks more flexibility. The banks should have the results of their annual stress test soon. They are going through a real life stress test... Read More
Dell (DELL) exploring options to increase shareholder value. Dell is up 7% on news they are considering spinning off its 81% stake worth $50 billion in software firm, VMware. Other options include buying the remainder of VMware that Dell doesn't already own. VMWare is trading up 2% as well.... Read More
Amazon.com (AMZN) powers higher. Amazon is up 2% to new highs as the company is creating a $2 billion venture-capital fund focused on technology investments to reduce the impact of climate change. Amazon has set a goal to meet Paris Climate agreement objectives 10 years early, with a pledge... Read More
Sonos (SONO) sounding better. The smart speaker company is up 17% to a four-month high on a bullish research report from Citron. The analyst who is long the stock believes Sonos is a big winner from the stay-at-home trends and could be a possible buy out target for Apple.... Read More
Ford Motor (F) returning to full production. Ford is modestly higher on news they are returning to full production on Monday, which is two weeks ahead of schedule. CNBC's Jim Cramer made positive comments on auto sales as people will continue to avoid public transit. Read More
PayPal (PYPL) higher on an upgrade. The digital payment platform stock is up a percent to new highs as the analyst at Robert W. Baird reiterated an outperform rating with $175 price target after boosting revenue and earnings per share estimates. Covid-19 has accelerated the move to more digital... Read More
People may be sleeping better. Tempur Sealy (TPX) is up 4% to a four-month high as the company raised guidance due to significantly improved mattress sales particularly online. Tempur Sealy's e-commerce channel sales are up 125% so far this quarter. It looks like consumers are spending their stimulus checks... Read More
Eli Lilly (LLY) jumps on positive breast cancer news. Lilly is up 17% not far from all-time highs as their cancer drug, Verzenio succeeded in preventing breast-cancer recurrence in a study. Lilly is hoping this study is a major milestone with the potential to change the paradigm of how... Read More
Shopify (SHOP) jumping on news of a partnership with Walmart. Shopify is up 5% not far from all-time highs as the partnership allows Shopify's one million-plus sellers to make their merchandise available to Walmart.com shoppers on Walmart Marketplace. Walmart is hoping this move with help combat Amazon's growing threat. BP... Read More
Dick's Sporting Goods (DKS) reinstated the dividend program. Dicks rose 8% as they authorized and declared a quarterly dividend of $0.3125 per share on the Company's Common Stock and Class B Common Stock. The company will restore previously reduced salaries for all teammates, except for certain executives, and has... Read More
Zoom (ZM) zooming higher in a down market. As the market sells off, Zoom rose 8% intraday as "stay at home" stocks rebound as COVID-19 cases rise in 20 states including Texas and California. Even the U.K.'s 94-year-old monarch, Queen Elizabeth II joins the rest of the world making her first... Read More
Tesla (TSLA) eclipses $1000 a share. The battery car maker is up 8% after CEO Elon Musk said he wants to bring the company's big-rig commercial truck to "volume production." Wedbush analyst Daniel Ives, in a report to clients Wednesday, said demand for the Model 3 in China... Read More
Facebook (FB) higher on an upgrade. Money rotates back into tech as Facebook jumps 2% not far from all time highs. Goldman Sachs raised their price target to $250 a share from $220 on the opportunity presented by Facebook Shops and checkout. With over 1 billion monthly active accounts of... Read More
Retail coming back. The arts and crafts retailer, Michaels (MIK) is up 30% on an upgrade. JP Morgan upgraded the stock with a $13 price target as the analyst believes the reopening of the economy has created a value opportunity as Michaels reopens a 1,000 of its 1,273 stores. Profit-taking... Read More
Travel and leisure making a comeback. Much better than expected employment numbers from travel and leisure companies has the sector skyrocketing. Boeing (BA) is up 12% today and up nearly 40% this week.
Read MorePassengers coming back to the airlines. American Airlines (AAL) is up 25% following comments from the CEO saying the company is flying about 110,000 passengers a day, an increase of 71% over the 32,000 average daily passengers carried in April. American plans to fly 55% of its 2019... Read More
Zoom Communications (ZM) zooming higher. The video communication company is up 4% making new all-time highs following blow out sales. Revenue improved 169% to $328.2 million from $122 million a year ago marking one of the best quarters for any software firm in history. For the full year, Zoom now... Read More
BP (BP) upgraded. The British oil company is up 4% to a two-month high ahead of an OPEC + meeting this week. The price of oil is up 2% back above $36 a barrel at a three month high as demand returns. Brent crude is up 2% closing in... Read More
Beyond Meat (BYND) going overseas. The plant-based meat company is up 6% following news they are expanding their partnership with KFC into China through Yum China. KFC will offer the Beyond Burger as a three-day offering at five locations in Beijing, Chengdu, Hangzhou and Shanghai.China doesn't want... Read More
Dell Technologies (DELL) stealing market share from rivals. Dell is up 5% to a three-month high following an earnings beat as sales were unchanged year over year at $21.9 billion. Dell is seeing better sales of personal computers to businesses with employees working from home. Dell's PC business is... Read More
Workday (WDAY) is working. The human resource software maker is up 8% to a three-month high following strong earnings. Revenues rose 23.4% to $1.02 billion, the first billion-dollar sales quarter as companies lean on Workday to move to the cloud to help employees learn virtually, closing books remotely, or... Read More
JP Morgan Chase (JPM) CEO has the bank stocks rocking and rolling. Jamie Dimon, the influential head of the largest U.S. bank, has his stock up 5% today after a 6% rally yesterday when he made optimistic comments that we could see a fairly rapid recovery in the... Read More
Drug maker, Novavax (NVAX) lifting the major averages. The biotech is up 14% on news they are launching a Phase I clinical trial of its coronavirus vaccine. Novavax said it expects to share the results of the trial in July. Merck (MRK) is also higher on news they... Read More
Nvidia (NVDA) trading at new all-time highs. The chipmaker is up 2% following better than expected earnings. Nvidia easily beat expectations as sales rose 38% to $3.08 billion. Robust sales from data centers led the out performance. While the markets are down for the year, Nvidia is up 50%... Read More
Boeing (BA) one of the few Dow components higher today. Boeing is up 4% to a one month high as the RBC's analyst says the stock has good risk reward for the long term. The Dow Jones Industrial Average has trailed the performance of the Nasdaq and the S&P 500... Read More
Facebook (FB) trading at a new all-time high. The social media giant is up 5% following news the other day the company will create Facebook Shops, which lets businesses operate unified online stores across Facebook and Instagram. An analyst today expects the new front to create a revenue opportunity of... Read More
Amazon (AMZN) is up 2% to an all-time high as they expand into Central New York and look to acquire assets in the JC Penney's bankruptcy. Amazon is looking to possibly buy JC Penney's apparel business and some of their real estate while Amazon will build a $350 million distribution... Read More
Moderna (MRNA) lifting the broader markets. Drug company, Moderna is up 22% following positive interim clinical data showing its vaccine candidate against novel coronavirus produced antibodies levels similar to patients who had recovered from Covid-19. Moderna's stock has quadrupled in the last three months. End of an era. JC Penney's... Read More
Sorrento Therapeutics (SRNE) claims it has a cure for the Covid-19. The tiny biotch is up over 100% as the CEO Henry Ji says the antibody drug they have can provide "100% inhibition" of Covid-19, the respiratory illness caused by the new coronavirus, according to Fox News. Mr.... Read More
Rumors lifting Wells Fargo (WFC). The California based bank is up 6% on rumors Goldman Sachs may consider buying the bank to expand their exposure beyond the Northeast. Barron's made cautious comments on the possible merger while one analyst downgraded Wells Fargo citing concerns about a dividend cut. Delta (span... Read More
Boring is beautiful. Cereal maker, General Mills (GIS) is up 2% to a three year high after raising guidance two days ago. Thanks to the stay at home orders in most states, General Mills was able to raise guidance for the quarter due to strong sales as consumers, unable... Read More
GrubHub (GRUB) higher on takeover talks. The food-delivery company is up 34% to a seven-month high on rumors Uber Technologies has approached Grubhub with an acquisition offer that could be announced as soon as this month. No specifics for the proposed transaction. The ride-hailing company has seen growth in... Read More
Cardinal Health (CAH) performing well. The drug distributor is up 6% to a two-month high following earnings. Cardinal beat by 17 cents as sales rose 11% to $39.16 billion. They did caution a significant net negative impact to the current quarter driven by a decrease in volume related to... Read More
UBER (Uber) riding higher. The ride-hailing giant is up 6% following earnings. Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. They... Read More
Peloton (PTON) gets a lift from the stay-in-place order. The popular home fitness company is up 13% to new highs thanks to a surge in new subscribers. Overall revenues rose 66% to $524.6 million. With gyms closed around the country, Peloton subscribers nearly doubled to just over 886,000 and... Read More
General Motors (GM) trading up 4% following earnings. Full-size pickup deliveries soared 27% in the first three months of the year, with the government shutdown only disrupting the last couple weeks of the quarter. GM has suspended their dividend and share-buyback program while boosting their borrowing to amass $33.4 billion... Read More
The shelter-in-place order boosted Wayfair's (W) business. The online furniture retailer is up 23% making a new all time high following earnings. Wayfair posted better-than-expected quarterly results, as more consumers took to renovating and furnishing their homes for business purposes while being stuck indoors due to the COVID-19 pandemic. A second... Read More
Ferrari (RACE) revving its engines. The luxury sports car maker is up 5% at a one-month high following earnings and news they expect to make more than $1 billion in core profits this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis.... Read More
Clorox (CLX) sales surge due to the global pandemic. The bleach maker is up 3% not far from all-time highs as consumers and companies have scrambling to stockpile cleaning products. In their earnings report, Clorox said sales jumped 15%, thanks to soaring demand for the company's bleach, soaps, and... Read More
Microsoft (MSFT) is up a percent not far from all-time highs following earnings. Microsoft easily beat earnings estimates as sales rose 14.6% to $35.02 billion. The company said they have seen a minimum net impact amid the coronavirus outbreak as cloud usage and demand has surged. Facebook (FB) is... Read More
Gilead Sciences (GILD) lifting the major averages after their remdesivir drug met its primary endpoint in an NIAID placebo-controlled study giving investors hope a reopening is possible. Gilead is up 6% while the major averages are up at least 2.7% at a one month high. Hertz Global Holdings (span... Read More
Harley Davidson (HOG) ready to roll. The American made motorcycle company is up 13% following earnings. The earnings were not pretty, buy Harley is taking the steps to cut costs while also announcing it is getting back to production ahead of hopefully, the beginning of the motorcycle riding season. Read More
May the Fourth be with you. Disney (DIS) is up 3% to a one month high on a number of positive developments. ESPN is saying their Michael Jordan series called, The Last Dance is the highest rated ESPN documentary ever. Disney plus has surpassed 50 million subscribers... Read More
The pet industry has proven to be recession-resilient. Chewy (CHWY) is modestly higher and up 100% from the March lows as the $18 billion online pet supplies retailer has emerged as one of the biggest winners during this period of lockdowns, panic buying and rising pet adoption. Chewy's sales... Read More
With the NFL draft tonight originally planned to be hosted in Las Vegas, Las Vegas Sands (LVS) is jumping 10% following earnings. The company reported a small loss as sales fell 51% to $1.78 billion. The casino operator is optimistic that pent-up demand for gambling points to a... Read More
Snap (SNAP) looking good. The Snapchat parent company is up 26% to a one-month high following earnings. The company lost money, but sales rose 44% to $462.5 million ahead of estimates. Daily active users were 229 million in the first quarter, an increase of 39 million or 20% year-over-year.... Read More
Beyond Meat (BYND) is jumping 8% on reports that Starbucks plans to add Beyond Meat products to its menu in their over 3,300 stores in China beginning tomorrow. Both companies have already partnered to roll out a plant-based sandwich to Canadian locations. More than 95% of the Starbucks stores... Read More
M&T Bank (MTB) trading higher following earnings. M&T is up 4% to a one-month high following earnings. M&T's earnings were down year over year, but net income came in at $269 million. Sales fell just 2.9% to $1.51 billion. Similar to most banks, M&T rised thier provisions for credit... Read More
Gilead Science (GILD) lifting the broader markets. Biotech, Gilead is up 7% on news their antiviral drug, remdesivir demonstrated positive results in a clinical trial with Covid-19 patients in Chicago. The trial included 125 people participating in two Phase 3 clinical trials with 113 of them with severe forms... Read More
Costco Wholesale (COST) raised their dividend. As other companies cut costs and suspend their dividends to survive, Costco's stock is up 3% not far from all-time highs after raising their dividend 7.7%. Costco last week reported a 9.6% jump in March comparable sales. Costco joins Procter & Gamble and... Read More
Abbott Laboratories (ABT) working on a coronavirus blood test. The drug company is up 1% not far from all time highs as the company works on a test to help identify disease-fighting antibodies in people who have been infected but may have had mild symptoms or none at all, making it different from the current diagnostic tests that require nasal swabs to confirm active infection. Read More
Johnson & Johnson (JNJ) beats on earnings while raising their dividend. J&J is up 4% not far from all-time highs after beating earnings by 30 cents and raised their dividend 6%. Johnson & Johnson made a statement saying they are built for times like this, adding they are leveraging... Read More
Amazon (AMZN) hiring more people. The e-commerce giant is up 5% after announcing it will hire 75,000 more employees, in addition to the 100,000 it already said it would hire, to help meet increased demand. One analyst made positive comments on Amazon expecting an accelerated adoption of digital online... Read More
The Federal Reserve coming to the aid of the big banks. JP Morgan (JPM), Wells Fargo (WFC) and Citigroup (C ) are all up over 8% as the Fed joins them to provide aid of up to $2.3 trillion in loans to small and medium size businesses. These... Read More
FedEx (FDX) trading up 6% along with UPS Deliver as Amazon has suspended their competing delivery service starting in June in order to focus on a surge of online orders amid the coronavirus. Amazon Shipping was only available in a few big cities. FedEx also made its first... Read More
Kraft Heinz (KHC) higher on a surge in demand. The consumer staple is up 4% to a one month high after reporting better-than-expected sales growth due to the coronavirus. The company now expects 3% sales growth in the first quarter. That is about $200 million, or 3.7%, better than... Read More
Carnival Cruise (CCL) gets a lifeline. The cruise ship operator is up 23% after Saudi Arabia's sovereign wealth fund recently took an 8.2% stake in the company. The company currently has suspended its operations through mid-May. One analyst suggests the company is burning about $1 billion of cash a... Read More
Tesla (TSLA) reports strong deliveries before the coronavirus outbreak. Tesla is up 7% this morning as the company gave an update of first quarter deliveries of 88,400 vehicles worldwide in the first quarter, down 21% from the last three months of 2019, but ahead of estimates of 78,100 cars.... Read More
Exxon Mobil (XOM) and Chevron (CVX) are both up over 5% on a phone call to CNBC and a tweet from President Donald Trump saying he is confident Russia and Saudi Arabia will dramatically cut production to bring oil markets back into balance. Trump said in the... Read More
No April Fools joke, Dollar General (DG) receives an upgrade. Dollar General is up 3% after receiving a second upgrade in as many days as the company continues to perform well during these tough times. In the last few weeks, the company has announced the investment of approximately $35 million... Read More
Conagra Brands (CAG) actually raising guidance. The maker of Hunts tomato sauce and Chef Boyardee is up 2% after reporting inline earnings, but then raised guidance as the coronavirus pandemic has pushed consumer demand through the roof for groceries, snacks and filling up the pantry. On a quarter-to-date basis,... Read More
Abbott Laboratories (ABT) surges after the company unveiled a coronavirus test that can tell if someone is infected in as little as five minutes. Abbott's stock is up 7% as the medical-device maker plans to supply 50,000 tests a day starting April 1. The molecular test looks for fragments... Read More
Procter & Gamble (PG) one of the few Dow components higher. The consumer staple is up 2% after Stifel Nicolaus upgraded the stock with a $117 price target saying its time to buy, citing valuation and potential near-term sales growth from COVID-19. P&G is also installing new lines to start... Read More
Henry Schein (HSIC) working on a quicker blood test for COVID-19. The health care company is up 10% after announcing the availability of an antibody rapid blood test, known as Standard Q COVID-19 IgM/IgG Rapid Test, intended to be administered at the point of care. The test delivers results... Read More
Is Warren Buffett buying Boeing (BA)? Boeing is leading the markets higher up 30% on the Congressional spending bill to provide support to Boeing, the airlines and other areas hit by the coronavirus. Boeing is also optimistically looking to restart production of their 737 Max in a month while yesterday they made the decision to suspend operations at their Puget Sound facility due to the coronavirus.Rumors are circulating that Warren Buffett is in buying Boeing. We will see. Read More
The diamonds today go to companies mobilizing their businesses to help the healthcare system. Ford (F) is working with 3M (MMM) and GE Healthcare (GE) to manufacture at scale Powered Air-Purifying Respirators (PAPRs). Ford and 3M are collaborating on the new design leveraging parts from both companies to meet... Read More
Boeing (BA) gets an upgrade. Boeing is jumping over 10% after Goldman upgrades to a buy with a $173 price target. Boeing is also temporary suspending production operations at its Puget Sound area facilities in light of the state of emergency in Washington state. Chip stocks look good. Intel (INTC)... Read More
Anheuser Busch InBev (BUD) rose 11% to a one week high. Budweiser in Brazil will start making and delivering 5,000 sanitizer gel bottles to every public hospital in Sao Paulo, Rio de Janeiro and Brasilia, where most of the country's coronavirus cases are concentrated. A little good news in... Read More
Oil rebounding 10%. Devon Energy (DVN) is up 13% after cutting its 2020 capital spending plan by $500 million, or 28%, while also saying their financial position is "exceptionally strong" with low leverage, 80 percent of its estimated oil production in 2020 protected at an average floor price of... Read More
Walmart (WMT) is up 3% following the second upgraded this week as the coronavirus pandemic drives shoppers to their local grocers to stock up on food and necessities. Walmart is now up for the year along with the major grocers like Kroger's who are witnessing record sales. Wynn... Read More
Regeneron (REGN) working on the coronavirus. Regeneron is up 10% as they said they could start human trials early this summer of a multiple-antibody cocktail to prevent or treat the novel coronavirus. There were 185,067 confirmed Covid-19 cases globally, 4,661 of them in the U.S., as of Tuesday morning.... Read More
Supermarket sales surge as consumers stockpile supplies. Krogers (KR) is up 6% as many supermarkets reporting record sales numbers selling out of a number of products including canned foods and many other essentials and paper products. Many consumer product companies have halted factory runs of niche items such as scented... Read More
Oracle Corp. (ORCL) was the oracle today. The software giant was up 20% following earnings and a new share buyback. Oracle topped analysts' estimates for quarterly sales, signaling that demand for the company's cloud services is holding up in the face of an economic slowdown caused by the coronavirus outbreak. Read More
At least one oil company was higher. Occidental Petroleum (OXY) rose modestly as Carl Icahn increased his stake 10% from 2.5% at the end of 2019, telling the Wall Street Journal that he bought the additional shares in recent days. The moves give him additional ammunition as he seeks... Read More
Gilead Science (GILD) one of the few stocks higher today. Gilead is up a percent as hundreds of patients have been enrolled in a study for the severe Covid-19, coronavirus. Gilead could unveil the results of its earliest coronavirus treatment effort in April. Officials in China have two studies... Read More
Best Buy (BBY) up 4% following better than expected earnings. Best Buy easily beat by 23 cents as sales rose 2.7% to $15.2 billion. Best Buy raised their dividend by 10% and did not lower guidance. Best Buy forecasts that most of the impact from the coronavirus will happen... Read More
Twitter (TWTR) gets a new investor. The social media company is up 3% in a down market after agreeing with activist investors Elliott Management and Silver Lake. Twitter said the agreement includes a $1 billion investment from Silver Lake, that will partly fund a $2 billion buyback while co-founder... Read More
Airlines finally bouncing. Delta Airlines (DAL) is up 2% after making a new 52 week low earlier in the day. The International Air Transport Association, or IATA, estimates that the airline industry globally could take a hit of up to $113 billion from virus-related travel disruptions. The Trump... Read More
Zoom Video Communications (ZM) zooming higher. The teleconferencing service company that provides video meetings, voice, webinars and chats across desktops and mobile devices is up 7% after reporting earnings. Zoom beat by 8 cents as revenue rose 77.9% to $188.25 million. The global coronavirus epidemic may help sales as companies... Read More
UnitedHealth Group (UNH) and the rest of the healthcare sector lead the rally following the Super Tuesday results. UNH is up 10% back near the highs of the year after Joe Biden nearly swept the Super Tuesday Democratic primaries over self-declared socialist Bernie Sanders. The surprise Fed rate... Read More
Gold is one of the few investments higher today. Gold is up 2% today and up over 20% in the last year. Gold miner, Newmont Mining (NEM) is up 5% today near a 52-week high. The company reported better than expected earnings last week while also hiking its dividend.... Read More
Costco (COST) higher after strong sales over the weekend. Costco is rebounding 6% after dropping 12% last week on the coronavirus. One analyst upgraded the stock today ahead of earnings this week while other analysts are telling stories of Costco selling out of products over the weekend with parking... Read More
an Oil company trading higher. Wow. Oil fracker, EOG (EOG) is up 5% following better than expected earnings. The last month and bascially, the last five years have not been great for the oil industry as more and more supply comes online. Demand to start the year has... Read More
Hip to be Square (SQ). The transaction processing company was up 3% following better than expected earnings. Square beat by 2 cents as revenue grew 41% year over year to $1.31 billion. Square's peer-to-peer payments and money-transfer app had approximately 24 million monthly active users in December, the company said,... Read More
The markets and TJX (TJX) are rebounding. The discount retailer is jumping 7% to a new high following earnings. TJX beat by 4 cents as sales rose 9.7% to $12.21 billion ahead of estimates. Thanks to strong cash flow, TJX is hiking the dividend 13% while... Read More
Biotech, Moderna (MRNA) is up 27% to new highs as the company ships vials of its experimental coronavirus vaccine to the National Institutes of Health for human trials. The news came amid heightening global worry over the spread of the coronavirus known as Covid-19, which emerged in the Hubei... Read More
Gilead Sciences (GILD) is up 3% on promising news for their new drug to fight the coronavirus. A top World Health Organization official said the company's experimental drug may be the best bet to find a treatment for the new coronavirus that's spreading around the globe. Gilead's compound, remdesivir,... Read More
Green shoots for Deere & Co (DE). The farming and construction equipment maker is up 9% to a new 52 week high following earnings. Deere beat by 36 cents even as sales fell 5.9% to $6.53 billion, ahead of estimates. Management said they are seeing signs of stabilization in the... Read More
Morgan Stanley (MS) buying E Trade (ETFC) for $13 billion. E Trade is up 26% as Morgan looks to modernize its brokerage business and tilt it more towards the retail customers. Morgan Stanley is also acquiring E Trades RIA business 's revenue currently comes from institutional clients. Very... Read More
No sales, no earnings, no problem. Virgin Galactic (SPCE) jumped 23% today on 7 times normal volume ahead of a present at the Barclays Industrial Select Conference tomorrow. The Richard Branson's company, which promises to ferry tourists to the edge of space and back, is up about 200% year... Read More
Walmart (WMT) rose as they missed earnings estimates. Walmart rose 1.5% moving back toward all time highs even as they missed by 6 cents as sales only rose 2.1% $141.7 billion. Walmart conceded this was not their best fourth quarter witnessing softer business a few weeks before Christmas. Looking... Read More
Cannabis stocks are higher. Canadian marijuana giant, Canopy Growth (CGC) is up 20% after easily beating estimates. The earnings were helped by bigger store count and cost cuts, but the company continues to lose money. Sales did grow 49% to CC$123.7 million. Gross cash balance shrank to $2.3 billion... Read More
Boring is beautiful. Utility company, Duke Energy (DUK) is up 3% to new highs on earnings. Earnings beat by 4 cents as sales fell 0.2% to $6.1 billion. Based in Charlette, Duke Energy expects to boost their capital spending by $4 billion in the Carolinas for infrastructure upgrades to... Read More
Shopify (SHOP) keeps climbing. The Ottawa-based e-commerce software provider is up 12% today and up 400% in the last year following better than expected earnings. Shopify beat by 23 cents as revenue rose 46.9%to $505.16 million. The company also raised full year sales guidance. Shopify sets up e-commerce websites... Read More
Sprint (S) soars over 70% after a federal judge ruled they will not block a pending merger with T Mobile (TMUS). The merger would combine the U.S.'s third- and fourth-largest wireless carriers. This merger was initial announced in the spring of 2018. T Mobile is trading up 10%. Under Armour (UAA)... Read More
Loews (L) and two of their subsidiaries performing well. Loews is up 4% to new highs following better than expected earnings. The results beat thanks to higher earnings at CNA Financial Corporation (CAN) and Boardwalk Pipelines, as well as higher parent company net investment income. CNA is... Read More
AbbVie (ABBV) breaking out to new highs. The pharma giant is up 6% following earnings. AbbVie beat by 2 cents as sales rose 4.8% to $8.7 billion. On an operational basis, sales grew 5.3%. That was partly due to better-than-expected revenue from blockbuster drug Humira — a boon for... Read More
Twitter (TWTR) higher after reaching a financial milestone. The social media website is up 16% to a four-month high after reaching a billion dollars in quarterly revenue. Earnings missed expectations, but the company is making money as Twitter signs up more subscribers. The number of monetizable daily active users... Read More
Healthcare having a good day. Biogen (BIIB) is jumping 17% after winning a long-awaited decision on a patent case defending its multiple sclerosis drug Tecfidera against a challenge by Mylan. The drug has been Biogen's top seller since 2015. That's good news for Biogen, which has seen its shares... Read More
Tesla (TSLA) up 100% year to date. The electric vehicle pioneer is on a roll following better than expected earnings and a number of upgrades. Tesla shares are up 400% from their 52-week low of $178. The rally has created about $130 billion in shareholder value. Tesla is now... Read More
Nike (NKE) up 3% on an upgrade. UBS upgraded the sportswear giant from Neutral to Buy and raised its price target to $136 from $103. UBS said that changes in the swoosh brand's business model will drive better-than-expected growth. Nike has a new "triple double strategy," which... Read More
It's an Amazon world we live in. Amazon (AMZN) is up 9% bringing the value of the company to one trillion. Amazon nearly doubled earnings estimates as sales rose 20.8% to $87.44 billion. Sales for Amazon's business responsible for selling data storage and computing power in the cloud grew... Read More
Tesla (TSLA) trades at new highs. The electric carmaker is up 10% to new highs following strong earnings. Tesla beat estimates by 2.5 times while sales rose 2.2% to $7.38 billion. Tesla managed to generate more than a billion in free cash flow in 2019 while building a factory... Read More
Penn National Gambling (PENN) higher after investing in Bar Stool Sports. Penn is up 13% to a new 52 week high following a 37% investment in the leading digital sports media company for a value of $163 million. This deal helps the nation's largest regional gaming operator to become... Read More
Polaris (PII) jumps on new bike sales. The maker of ATVs, snowmobiles and motorcycles is up 5% moving back toward all-time highs on better-than-expected profits. Polaris beat by 4 cents as sales rose 7% to $1.73 billion. Sales were helped by company's Indian Motorcycle division, which saw revenue increase... Read More
Low rates good for homebuilders. D.R. Horton (DHI) is up 2% to new highs following better than expected earnings. D.R. Horton easily beat expectations by 25 cents per share as sales rose 14% to $4 billion, ahead of estimates. However, not everyone is bullish. Some economists believe the recent... Read More
Intel (INTC) leading the markets and the chips higher. Intel is up 8% to new highs following strong earnings and sales. Intel also raised the current quarter and full year estimates while also raising the dividend 5%. Plenty of positive comments on Intel, but at least one analyst remains... Read More
General Electric (GE) higher on an upgrade. GE is up 3% near recent highs as Morgan Stanley turned bullish on the stock with a new price target of $14 a share. The analyst sees nearly 30% upside citing a "budding turnaround" in fundamentals and reduced risk regarding from long-term liabilities.... Read More
Chip stocks keep pushing higher. New year, same old story. Intel (INTC) is 3% to new highs following an upgrade. Cascend Securities upgraded the stock due in part to stronger data center demand in the supply chain. The new price target is $75 a share. Pullback in Netflix (NFLX).... Read More
Costco (COST) higher on an upgrade. The big box retailer is up 2.7% on an upgrade at Oppenheimer with a $335 price target. The analyst is re-establishing the stock as a top pick based on a more accommodative valuation, the potential for well above peer top-line trends and the... Read More
Chips continue to perform well. Qualcomm (QCOM) is up 4% to a new high following an upgrade at Citigroup with a price target of $108 a share. The analyst expects upside to both revenue and margins for Qualcomm going forward given share gains in 5G, higher aerage selling prices... Read More
XPO Logistics (XPO) jumping on news of a sale or spinoff. The trucking and transportation company is up 12% on news the company plans to put up for sale two units in North America and two in Europe. It's hired Goldman Sachs Group Inc. and JPMorgan Chase &... Read More
Shake Shack (SHAK) rebounding to start the New Year. The hamburger restaurateur is jumping 9% to a three-month high on comments at the ICR conference where the company is discussing expansion plans into China, Singapore, and Mexico going forward. The stock had a 40% correction at the end... Read More
Earnings season off to a good start thanks to the banks. JP Morgan (JPM) is up 1.5% while Citigroup (C ) is up 2%, both at all-time highs, following earnings. The bond trading departments boosted returns in the fourth quarter. JP Morgan and Citigroup have also been buying back a... Read More
Bristol Myer (BMY) trading at a two year high. Bristol's stock is up 1.8% to new highs as the industry descends on J.P. Morgan Healthcare Conference. With the merger with Celgene complete, the CEO of Bristol said at the conference the company enters 2020 with great momentum. Last... Read More
Lennar (LEN) performing well in the New Year. The homebuilder is up 2% today and up 5% to start the year following earnings, encouraging guidance and a dividend hike from 4 cents to 12.5 cents a quarter. The 2019 bond sell-off dropping fixed-rate mortgages back to levels from the... Read More
Virgin Galactic (SPCE) trades at a new high. The world's first commercial space line company is up 5% to new highs after coming public last year. The company announced the completion of their second commercial spaceship, put together much faster their first spaceship which is currently in flight tests.... Read More
GrubHub (GRUB) jumping on takeover rumors. The Chicago food-delivery provider is up 11% on news the company tapped a financial advisers to help review potential moves including a sale of the company or an acquisition. GrubHub is down 30% in the last year due to increased competition from rivals... Read More
Micron Technology (MU) trading at a new recent high.The DRAM chipmaker is up 6% to a one and half year high on an upgrade. The analyst at Cowen believes DRAM fundamentals may improve earlier than expected and raised his price target to $70 from $50. Demand is coming... Read More
Google (GOOG) leading the tech rebound. Alphabet/Google is up 2% on an upgrade at Pivotal Research Group with a $1650 price target. The analyst believes the recent change in management offers margin expansion for the stock with the potential to change capital allocation strategies with a larger stock buyback... Read More
The Defense stocks are higher. Lockheed Martin (LMT) is up 3%, Northrop Grumman (NOC) rose 6% and General Dynamics (GD) is up a percent after the US air strike in Iraq that killed Qassem Soleimani, a top Iranian general and an Iraqi paramilitary commander. Increase tensions in the... Read More
Chipmakers starting the New Year with a bang. The PHLX Semiconductor Index is up a percent to start 2020 following a 60% surge in 2019. AMD (AMD) is up 4% on an upgrade at Nomura with a $58 price target. Taiwan Semiconductor (TSM) is up 2.9%... Read More
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