American Airlines (NASDAQ:AAL) stock plunged on June 11 as investors worried that states will reinstate shutdowns and that fears of the novel coronavirus will intensify among Americans.Source: GagliardiPhotography / Shutterstock.com However, in all likelihood, neither phenomenon will occur. Meanwhile, American Airlines' financial position looks solid.Some media outlets are trying to heavily emphasize slight upticks in hospitalizations and cases in several states. Meanwhile, Dr. Anthony Fauci, the government's point man on the virus who has always been extremely pessimistic about developments regarding the pandemic, recently gave a couple of typically gloomy interviews.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut for several reasons, the lockdowns will not be reinstituted. First of all, data shows that deaths from the virus, probably the most important statistic, are, thankfully, not nearly as high as they were during the pandemic's peak in April and early May. The Second Wave and AAL StockAt that time, nationwide...
Alibaba (NYSE:BABA) stock has held up relatively well in a chaotic 2020. Alibaba stock's 5.3% year-to-date gain is nothing to get excited about. However, there are at least three potential bullish catalysts that could make for a big second half of the year for BABA investors.Source: testing / Shutterstock.com The first potential catalyst to love about the stock is its technical picture. This week, Alibaba closed above $220 for the first time since February. It also closed above its April and May peaks. Since the initial novel coronavirus sell-off in March, BABA shares have been making a series of higher highs and higher lows, a textbook market uptrend.This week's breakout seemingly has Alibaba positioned to re-test its all-time high of $231.14 from back in January in the near-term.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Strong FundamentalsAlibaba's underlying business fundamentals have been extremely strong, as well. While the company...
Agricultural giant Corteva (NYSE:CTVA) stock is getting considerable interest, especially from passive income seeking investors as well as those interested in agricultural shares in a post-coronavirus world.Source: Jonathan Weiss / Shutterstock Analysts are debating whether now is a good time to invest in agricultural stocks. After all, we all need to eat, whatever the health and economic realities are of the novel coronavirus pandemic.The dividend yield of CTVA stock stands at 1.7% and shares are down 8% so far this year. Investors with a two- to three-year time horizon may consider buying the dips in the shares.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CTVA Stock at a GlanceCorteva is one of the firms formed as a result of the 2019 split of DowDuPont, a company which was originally born from the merger of chemical giants Dow and DuPont, into three separate companies: * Corteva, currently one of the...
It's been two weeks since Canopy Growth (NYSE:CGC) announced a staggering fourth-quarter loss of 1.3 billion Canadian dollars ($952.1 million). While you never want to lose money, owners of CGC stock might want to look at this as necessary medicine.Source: Shutterstock Like an alcoholic, if the company wanted to move ahead, it had to recognize a problem that existed with its business model. CEO David Klein was hired to right the ship, both from an operational and financial point of view. The long-time chief financial officer of its controlling shareholder, Constellation Brands (NYSE:STZ), hasn't wasted much time addressing the company's weaknesses. InvestorPlace - Stock Market News, Stock Advice & Trading Tips"I am excited to implement our strategy reset and organization redesign over the course of fiscal 2021. We have a renewed strategic focus and a clear change agenda that is already underway," Klein said in the company's May 29 earnings release....
(Bloomberg) -- U.S. equity futures rebounded with European stocks on Friday after a dramatic selloff spurred by concerns over a second wave of coronavirus infections and a slower-than-expected economic recovery. Treasuries and the dollar fell.Contracts on the three main American equity benchmarks pointed to solid gains at the open after Wall Street suffered its biggest drop in 12 weeks on Thursday. The Stoxx Europe 600 Index jumped, with car makers, banks and travel companies leading gains after driving yesterday’s losses. WTI crude edged higher in New York, erasing earlier declines to trim its first weekly loss in over a month.The pound advanced even after data showed the U.K. economy shrank a record 20.4% in April. Asian equities tumbled overnight.A frantic stock rally that carried equity benchmarks well off their March lows stumbled this week on pessimism about the pace of recovery following months of lockdown. The International Monetary Fund said on...
EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website. Alstom announced the deal in February to create the world's No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash and shares deal is worth up to 6.2 billion euros ($7 billion)....
