United Airlines (NASDAQ:UAL) stock has been on a tear. Shares had risen by around 60% over the past month before hitting a downdraft this week. It's not just United either. The exchange-traded fund U.S. Global Jets ETF (NYSEARCA:JETS) has surged by a similar amount. Traders are enjoying a strong, if volatile, uptrend. Click to EnlargeSource: travelview / Shutterstock.com There are several reasons for this. First off, traders are starting to discount the novel coronavirus. While new case numbers are still growing at a considerable rate, the public's attention has shifted elsewhere, and public health authorities seem less concerned about slowing the virus' spread. As long as this trend continues, it will support the investment case for United.In conjunction with that, some leisure travel is starting to come back online. Las Vegas reopened its casinos last week, for example, giving a lift to stocks like MGM Resorts (NYSE:MGM). Logically, if the casinos...
Advanced Micro Devices (NASDAQ:AMD) can seem to do no wrong. After a blow-out earnings report in late April, AMD stock looked like it couldn't possibly go higher. But after bears tried to seize the day, the stock has continued to show its strength.Source: Fabio Alcini / Shutterstock.com With the stock looking to reclaim and surpass its record high, the only question seems to be how high can AMD stock go?If you believe the analysts, the answer is significantly higher. Particularly if AMD comes anywhere close to hitting the 25% revenue growth and 61% earnings growth targets that Bret Kenwell reported some analysts are forecasting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm probably not the right person to ask as I haven't seen eye to eye with AMD stock over the past year, but what I see right now convinces me that AMD will continue to go higher until it...
Stock futures jumped Friday morning, recovering some declines after the three major indices closed out their worst day since mid-March during the regular session Thursday on Wall Street....
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela's state-owned oil company as part of a bid to topple that country's socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude....
