Thursday was another interesting day in the stock market, with plenty of movers and earnings reports. With that in mind, let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Gilead Sciences (GILD) Click to Enlarge Source: Chart courtesy of StockCharts.comA report on Gilead Sciences' (NASDAQ:GILD) remdesivir drug having disappointing data for treating the coronavirus not only hit the stock, but the overall market at one point Thursday. Investors were banking on that drug to help tackle the virus.However, the action in Gilead shares isn't as bearish as one might have assumed. First, the stock filled its gap from earlier this month near $76.50.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith that out of the way, shares are also holding in above the 20-day and 50-day moving averages. If Gilead stock holds up over the 20-day, it's hard to get too bearish....
(Bloomberg Opinion) -- Lloyd Blankfein, the former head of legendary Wall Street firm Goldman Sachs Group Inc., took to Twitter on Thursday with an observation that at first seemed innocuous but in reality was terrifying. Blankfein tweeted to his more than 140,000 followers that when it comes to finance, what is “most surprising to me” is that investors worldwide continue to lend “a virtually limitless” sum of money to the U.S. at record-low interest rates “despite the trillions” of dollars it’s adding to the budget deficit and national debt.Given his long career in markets, it’s highly unlikely Blankfein is actually surprised. As my Bloomberg Opinion colleague Karl W. Smith outlined earlier in the day, despite estimates the U.S. budget deficit will quadruple this year to almost $4 trillion and with the national debt having swelled by $1.4 trillion this year already, there is no looming debt crisis. The primary reason is...
Stocks pared earlier gains to end the session little changed on Thursday, following a volatile session in which doubt was cast on a potential coronavirus treatment from Gilead, which had counterbalanced the impact of ugly data underscoring the pandemic’s impact on the world economy....
(Bloomberg) -- Capital One Financial Corp. said it more than tripled reserves for souring loans from a year ago, prompted by the coronavirus pandemic and a drop in oil prices during the first quarter.The bank said it set aside $5.42 billion in provisions in the first three months of the year. The total allowance for credit losses increased due to “significant economic uncertainty” from the pandemic and “credit deterioration in the oil and gas industry.”“Capital One rapidly mobilized to respond to Covid-19 and the disruption it is causing,” Chief Executive Officer Richard Fairbank said Thursday in a statement announcing the results. “We are well positioned to navigate and manage through these uncertain times, and to emerge with strength on the other side.”The shares gained 2.1% to $52.61 Thursday in regular New York trading. They have plunged 49% this year, compared with the 30% decline of the S&P 500 Financials Index.For more...
Blackburn Energy Inc. recently secured funding through a round of investments to fuel growth through sales of its flagship product, RelGen, a patented battery charging solution. ...
Over the past month, many Americans who have benefited from receiving stimulus checks from the government, helping to cover the cost of rent or food for people who have lost income or jobs due to the coronavirus pandemic. As of Thursday, at least 26 million Americans have filed for unemployment since the shutdowns began, with an additional 4.4 million making claims just last week.The stimulus check through the CARES Act was a one-time payment of up to $1,200 (up to $2,400 for married couples, and an additional $500 per child). But with the pandemic showing no sign of ending any time soon, many people still need financial help. The question people are asking now is: will there be another stimulus check? Well, it’s a bit unclear right now. As of now, there are no concrete plans in place for another stimulus check, but some lawmakers are pushing for one. On April 14,...
