[Editor's Note: "Wait For Another Pullback Before Buying AAL Stock" was originally published April 22, 2020. It is regularly updated to include the most relevant information.]Source: GagliardiPhotography / Shutterstock.com I don't have to tell how bad the novel coronavirus pandemic has been for American Airlines (NASDAQ:AAL). Since the outbreak first hit China, AAL stock has cratered from around $30 per share to under $10 per share. But, could a low share price mean a solid "bottom-fishing" opportunity?It depends. Shares today may look ripe as a contrarian buy, but keep in mind the many fleas on this legacy carrier. Even before the pandemic affected air travel.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I previously discussed, American Airlines already had a heavy debt load and other operating issues.And despite the company receiving $5.8 billion in payroll support from the recent $2 trillion CARES Act stimulus package, they could burn through...
The gap between the haves and have-nots is widening. And bank stocks like Wells Fargo (NYSE:WFC) find themselves on the losing side of the gulf. But the company's pain can be your gain if you know how to play it. Let's break down the relative weakness in financials and potential strategies for capitalizing on WFC stock.Source: Martina Badini / Shutterstock.com How well you've performed during the market recovery has depended in large part on the sector and size of your holdings. Technology has been killing it and financials have gotten killed. Relatively speaking that is.The same goes for market cap. Large-caps have soared while small-caps have soured. A simple way to measure the performance of one area versus another is with a chart overlay. Let's first look at the Technology SPDR (NYSEARCA:XLK), Financial SPDR (NYSEARCA:XLF) and the S&P 500.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Examining the Yucky...
Click here to read the full article. The coronavirus crisis has played to the strengths of tech companies: People are staying indoors, increasingly using the internet and streaming more video than ever.It’s clear that the tech giants are well positioned to make it through the crisis relatively intact. “Alphabet [Google’s parent], Facebook and Amazon will be just fine,” says Tal Chalozin, co-founder and chief technical officer of ad-tech company Innovid. The crisis stands to make the most powerful tech companies even stronger, as they have business models built for digital marketplaces and the cash reserves to withstand an economic downturn, Chalozin says, adding, “It definitely is going to make the bigger players bigger.”That’s not to say a recession precipitated by COVID-19 will be good for any business. Double-digit unemployment in the U.S. will weigh on consumer spending (and by extension advertising) across the board. And Big Tech isn’t immune from the fallout. In reporting...
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk discussed the coronavirus pandemic with Joe Rogan in a podcast on Thursday, saying he believes the mortality rate for the virus is much lower than what has been reported. The coronavirus pandemic has taken over the mind space of the world to a degree that Musk finds shocking, he told Rogan. Previously, Musk has protested against the coronavirus lockdown of the U.S. economy; last week, he tweeted: "FREE AMERICA NOW".Musk has also tweeted "Give people their freedom back!" including a link to a Wall Street Journal article questioning whether the lockdowns in place. save lives. "I saw this whole thing play out in China. It is like watching the same movie again but in English. I think that the mortality rate is much less than the World Health Organization said it was. It's much much less," Musk said on Thursday's podcast. Benzinga is covering...
