After last month's selloff driven by the novel coronavirus, many stocks remain far below their 52-week highs. And not just more vulnerable companies. High-quality names like Hilton Worldwide (NYSE:HLT), too. With HLT stock down more than 38% since February, it's obvious investors still believe the hotel giant is not out of the woods yet.Source: josefkubes / Shutterstock.com However, Wall Street is overestimating how long this crisis will last. Sure, things may be tough for a few months. But, based on the current valuation, investors keep pricing in an extended world of hurt for the hotel franchisor.Recovery will come sooner than you think. And with that, travel will pick up, quickly. Whether traveling for business or pleasure, things will rebound once the pandemic is in the rearview mirror. Once that happens, Hilton stock will bounce back to past price levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, why buy now?...
Intel's shares fell 6% in extended trading, as executives tried to brace investors for the possibility that a short-term bump in demand for its processor chips from cloud computing centers and locked-at-home consumers buying PCs could become a slump if the economy enters recession. "It's really hard to think about the second half in terms of how demand is going to look compared to what we ultimately thought when we first gave guidance," Chief Financial Officer George Davis told investors on a conference call. Intel Chief Executive Bob Swan said the company had to "temporarily pause" some projects due to local government restrictions at some sites, but said Intel's factories largely have been able to meet demand....
(Reuters) - Intel Corp forecast current-quarter profit below analysts' estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker's shares down 6% in extended trading....
It has been a thrilling ride up and a terrifying one down the past year and change for Walt Disney (NYSE:DIS) shareholders. But after catching its breath on the price chart this past month, as we move further into a new and unwelcoming normal, DIS stock is showing investors the way to the exits. Let me explain.Source: nikkimeel / Shutterstock.com Dow Jones Industrials constituent Disney is in trouble.To be fair it's not of its own doing and has everything to do with the novel coronavirus. That's one piece of good news. Another is the company's streaming Disney+ platform, which has been doing gangbuster business. Alongside competitors Netflix (NASDAQ:NFLX), Apple TV+ from Apple (NASDAQ:AAPL) or Prime from Amazon (NASDAQ:AMZN), "stay at home" or "shelter-in" mandates have been a boon for hours of mindless, couch potato entertainment. But the buck (or more aptly, the $6.99 subscription price for its milestone 50 million subscribers)...
It was October 2019, just six months ago, but ancient history for tanker trades. Rates for very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude oil) spiked to $200,000 per day. Tension in the Middle East was a key driver. The threat that military action with Iran could halt tanker transits via the Strait of Hormuz spurred fear that oil prices could skyrocket. This prompted shippers to pull bookings forward, boosting VLCC demand and rates.The world has turned upside down since then. Today, low crude prices are driving tanker rates above $200,000 per day. As the coronavirus cripples oil demand, an unprecedented wave of petroleum is going to sea, whether intentionally for storage or unintentionally because cargo owners can't find anywhere to unload. The more laden tankers on the water, the fewer available to bid on the next spot deal and the higher the spot rate.If oil prices bounce...
The novel coronavirus has been a roller coaster ride for social media giant Facebook (NASDAQ:FB). FB stock lost 33 percent of its value during the stock market's initial drop. But even after a month-long rally, the firm has lost nearly a fifth of its pre-coronavirus value.Source: Ink Drop / Shutterstock.com Like the rest of U.S. companies, Facebook will feel some pain as coronavirus weighs on the economy. But the social media giant is well-positioned to benefit from an influx of people confined to their homes.So of all the stocks to pick up at a discount right now, Facebook is one of the best choices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips FB Stock Can Weather the StormFacebook was in a rock-solid financial position heading into this storm, so that makes it likely to be a winner once the dust settles. Most importantly, the firm has zero long-term debt. That...
