Netflix NFLX shares soared to new highs Thursday, as investors clamor for stocks that are immune to the coronavirus economic downturn. Soon, all eyes on Wall Street will likely turn to the streaming TV giant when it reports its first quarter fiscal 2020 financial results after the
Earlier this morning, Morgan Stanley (MS) released their Q1 2020 earnings. They were the last of the big six American banks to do so. Now that those reports are all in, there are some common themes and some conclusions that can be drawn with implications
In the latest trading session, Edwards Lifesciences (EW) closed at $217.52, marking a +1.34% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.58%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 1.66%. Heading into today,
Over the past couple of months, the U.S. stock market has hit an all-time high, plunged by more than 30% as the COVID-19 pandemic virtually shut down the economy, and then rebounded by about 20%. And during that time, market swings of 5% or more in either
PLDT (PHI) closed at $22.28 in the latest trading session, marking a -0.76% move from the prior day. This change lagged the S&P 500’s 0.58% gain on the day. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 1.66%. Coming into today,
The more we learn about the WeWork debacle, the more head-scratching it gets. According to a news report from The Telegraph, WeWork co-founder and ousted CEO Adam Neumann unloaded $361 million worth of shares when Japanese investment conglomerate SoftBank first invested in the company in 2017. And he wasn’t the only
U.S. stocks climbed again through morning trading Tuesday as part of a larger rally over the last serval weeks that has seen the S&P 500 jump roughly 25% from its March 23 lows. The recent positivity comes as the Fed and the U.S. government try
JPMorgan (JPM) and Wells Fargo (WFC) kicked off the Q1 earnings season for the big banks, with market participants getting spooked by management’s comments about credit quality and increasing defaults as households and businesses deal with the ongoing economic downturn. On the earnings front, JPMorgan’s Q1 earnings were