The U.S. economy added millions more payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. The net additions in payrolls topped consensus expectations....
In early June, it appeared all the tumblers were coming into place for General Electric (NYSE:GE). After over a year of cost cutting and streamlining, the company looked like things might be turning around. In the first five trading days of June, GE stock climbed over 25%, nearly in lockstep with Boeing (NYSE:BA) stock.Source: Sundry Photography / Shutterstock.com But in this case, what goes up fast can come down just as hard. And in the case of GE stock, the stock has given up all of its gains as new cases of the novel coronavirus are threatening to cool the embers of the economic recovery.In the past, General Electric was a stock that investors ran to in times of economic uncertainty. But in those days, GE was in defensive industries and offered a strong dividend. That's not the reality of GE today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips...
Exxon Mobil Corp's oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post another quarterly loss this year. Rivals Royal Dutch Shell and BP Plc have disclosed massive spending cuts and writedowns due to the price drop. Exxon faces a loss for the quarter of $2.3 billion, or 57 cents per share, according to estimates from Refinitiv IBES....
Exxon Mobil Corp's oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post another quarterly loss this year. Rivals Royal Dutch Shell and BP Plc have disclosed massive spending cuts and writedowns due to the price drop. Exxon faces a loss for the quarter of $2.3 billion, or 57 cents per share, according to estimates from Refinitiv IBES....
On June 26th, Luckin Coffee (NASDAQ:LK) tumbled more than 50%. The company withdrew its request to make a case for continuing its listing on the Nasdaq. Luckin stock was pulverized, then suspended for trading on June 29th.Source: Keitma / Shutterstock.com It was not a good ending and certainly not the one that bulls were hoping to see. To be quite frank, I'm not sure what investors were looking for with this name. If they were going to pick over the scraps, they had to know it was pure speculation.To be fair, speculation can be completely fine -- so long as it is done in the right manner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Speculation vs. InvestingBefore accounting issues were found, Luckin Coffee traded pretty well. Once the news was out though, many investors stepped aside. They have learned -- either the hard way or from others -- that...
Advanced Micro Devices (NASDAQ:AMD) stock rode out the novel coronavirus. But, after seeing shares rebound from their March sell-off lows, what's next for the CPU and GPU powerhouse? Right now, shares hold steady between $50 and $55 per share. Yet, what factors could move the needle? Conversely, what risks could send shares lower?Source: Joseph GTK / Shutterstock.com On one hand, you have several catalysts still in motion. Namely, strong end-user demand. But also, the company's continued success grabbing market share from rivals Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA).On the other hand, shares could easily dip from today's price levels. Valuation-wise, AMD remains "priced for perfection." That is to say, much of its potential is already priced into shares.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo far, the company has been able to keep investors happy. With the pandemic in a tailwind, not a headwind, strong growth continues. Yet, if the...
