|Day's Range||30.09 - 30.15|
The coronavirus outbreak has taken a bite out of the stocks of major cruise operators over the past month. But once these concerns wane, shares of cruise companies could be in for smoother sailing, as underlying trends in the cruise industry remain largely positive, according to multiple analysts.
Many investors undertake tax-loss harvesting at the end of every tax year. The strategy involves selling stocks, mutual funds, exchange-traded funds (ETFs), and other investments carrying a loss to offset realized gains from other investments. The Internal Revenue Service (IRS), many states, and some cities assess taxes on individuals and businesses.
Trump is set to visit the country starting February 24 on a three-day visit and will land in the home state of the Indian prime minister Narendra Modi. The trade relations between the two countries have remained strained even as the two leaders have suggested a warm personal relationship.
President Donald Trump exercised the power of clemency to pardon seven convicted felons and commute the sentence of four others, the White House said in a statement on Tuesday. The individuals pardoned include financier Michael Milken, real estate developer Edward DeBartolo Jr., technology entrepreneur Ariel Friedler, former New York police commissioner Bernard Kerik, businessman Paul Pogue, a political appointee in George W. Bush administration David Safavian, and author Angela Stanton.
Steve Lipper discusses the opportunities asset allocators can find in international small-caps based on their historically lower volatility as well as their absolute and relative performance Continue reading...
Technically speaking, the S&P 500 has staged a thus far orderly pullback from record highs, though the downturn is worth tracking for potential acceleration, writes Michael Ashbaugh.
There’s no shortage of arguments that the U.S. stock market, whose main benchmark indexes are at record highs, is overvalued. If your investment portfolio is concentrated in an index fund, you might feel you are properly diversified, but there’s a good chance your risk is concentrated among a short list of companies. Jim Roumell, the founder of Roumell Asset Management of Chevy Chase, Md., and manager of the Roumell Opportunistic Value Fund (RAMSX) offers an investment strategy that is truly different: A balanced fund that takes concentrated positions in micro-cap companies that he argues are grossly undervalued.
U.S. markets and stock ETFs dipped Friday as concerns about the potential economic impact from the sudden turn in coronavirus cases weighed on risk sentiment. On Friday, the Invesco QQQ Trust (NASDAQ: ...
Compare Cards has carried out a survey of 1000 Americans about their Valentine’s Day spending expectations. Road To Romantic Hell Is Paved With Good Intentions Spending may not be the best way to win over ...
Bloomberg’s latest advertisement campaign was created by Meme 2020, the company that is behind some of the biggest Instagram meme accounts such as @tank.sinatra and Jerry Media. The 77-year-old presidential candidate’s posts on Instagram have a mix of jokes, photos, and content, according to Forbes. The chief executive of Meme 2020 Mick Purzycki is considered to be a “powerful force” in the realm of influencers, according to the New York Times.
Equities shook off morning coronavirus-related weakness, as the SPDR S&P 500 ETF (NYSEARCA:SPY) notched another record high. That said, let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Click to Enlarge Source: Chart courtesy of StockCharts.comNvidia (NASDAQ:NVDA) shares have been bursting higher this week, hitting new 52-week highs as bulls feel good ahead of earnings after the close Thursday. Of course, the three-day consolidation doesn't show up on the weekly chart here, which instead highlights the stock's incredible momentum since August.Because of the latest rally, bulls have some cushion in the event of a pullback. On a dip, I want to see shares hold up over $250. However, as long as NVDA maintains above uptrend support (blue line) and the 10-week moving average, it's okay on the long side.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 20 Stocks to Buy From the Law of Accelerating Returns On a bullish reaction, see if NVDA can close above $280. Above $280 puts the all-time high near $291 on the table. Top Stock Trades for Tomorrow No. 2: Roku (ROKU) Click to Enlarge Source: Chart courtesy of StockCharts.comOn Monday, Roku (NASDAQ:ROKU) jumped more than 6%. While Tuesday's rally looked promising, the stock fizzled out from its intraday highs. Here's the good news, though: Tuesday's rally propelled Roku over the 50-day moving average and multi-month downtrend resistance (blue line).While the market and many of Roku's growth peers have been plowing to new all-time highs, the stock has continued to trend lower.Over the past few sessions, Roku stock has been trading in a tight consolidation range. This week's action bodes well for bulls. Like Nvidia, Roku now has some cushion ahead of Thursday's earnings report after the close.I would love to see ROKU hold the backside of prior downtrend resistance near $130, but that's a tight range for a volatile name. On the downside, the must-hold level is between $117 and $120. That's been notable support since August, while the 200-day moving average is just under $122.On the upside, I want to see if Roku can clear and hold $150. Over it, and $170-plus is on the table. Top Stock Trades for Tomorrow No. 3: Microsoft (MSFT) Click to Enlarge Source: Chart courtesy of StockCharts.comAfter shares broke out over resistance in October, Microsoft (NASDAQ:MSFT) has been undergoing an orderly rise for months now. However, late last month, that rise has become very disorderly and explosive.In just a few weeks, we've seen a huge rally in MSFT. Over Thursday's high, and the all-time high of $190.70 is on the table. Above that, and $200 is possible.On a pullback, see if the $175 level and 20-day moving average buoy the share price. Below puts $168, uptrend support (blue line) and the 50-day moving average on the table. This deeper pullback would be a healthy dip-buying opportunity, although that doesn't mean it will materialize. Top Stock Trades for Tomorrow No. 4: Rite Aid (RAD) Click to Enlarge Source: Chart courtesy of StockCharts.comThe long case for Rite Aid (NYSE:RAD) is playing out surprisingly well. The $11 mark held as support, as did uptrend support (blue line) and the 50-day moving average.Now that RAD is through our first target of $14, the $16 to $17 zone is on the table as the next possible upside area to watch. Above that, and a squeeze toward $20-plus is possible. On the downside, it would be discouraging to see RAD below its 50-day moving average and uptrend support.With a volatile name like RAD, though, keep it simple and disciplined. Top Stock Trades for Tomorrow No. 5: Centurylink (CTL) Click to Enlarge Source: Chart courtesy of StockCharts.comMany investors are discouraged with Centurylink (NYSE:CTL) on earnings, with shares down more than 8%. However, the charts are still okay, technically speaking.Shares are bouncing from the morning lows, now holding up above the 50-day moving average. That's a good sign, but the more important mark for me is uptrend support (blue line). Above this, and CTL is fine in my book. Below puts the 200-day moving average on watch.On the upside, see if CTL can reclaim the 20-day moving average. Above puts a gap-fill up to $15 on the table, as well as a test of resistance at $15.25.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA and ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 5 Top Stock Trades for Friday: NVDA, ROKU, MSFT, RAD, CTL appeared first on InvestorPlace.
U.S. markets and stock exchange traded funds paused the record-setting rally on Thursday as investors refocused on coronavirus fears in response to a sudden spike in number of new reported cases across ...
The U.S. stock market has largely ignored the spread of the coronavirus in China, but there’s no telling if, or when, that resilience will end. For investors genuinely worried the market could significantly fall in the coming weeks or months if the virus doesn’t get contained, it may be time to consider some portfolio insurance. Several weeks ago, PreMarket Prep co-host Dennis, who is worried about the contagion, bought SPDR S&P 500 ETF (NYSE: SPY) Put Options to protect his investment portfolio from downside.