Top 3 Recession-Proof Stocks to Watch on March 13
Thanks to the record-breaking bull market we’ve witnessed over the last decade, boring recession-proof stocks to buy have not really been at the forefront of investors’ line of thinking. However, the last few weeks have ... [Read]
How Will the Coronavirus Affect the Global Economy?
It’s been a bumpy week for stock markets around the world. The Dow Jones posted two of its best days in history in terms of points gained on Monday and Wednesday, and one of its worst point ... [Read]
HP Stock Down After Rejecting Yet Another Xerox Bid
HP stock is down slightly on Thursday after the computer hardware maker rejected yet another hostile takeover bid from Xerox Corporation (NYSE:XRX), this time to the tune of US$35 billion. After a year of advances towards ... [Read]
TGT Stock Drops After Mixed Earnings Miss the Mark
TGT stock is in the red today after Target Corporation (NYSE:TGT) reported mixed fourth-quarter earnings, despite seeing solid growth in the e-commerce section of its business. For the fourth quarter, Target saw earnings outpace analysts’ ... [Read]
Square Stock Pops on Robust Earnings Amid Market Meltdown
Square stock is a rare spate of green amid a market meltdown prompted by the coronavirus outbreak after the payment services firm beat analysts’ expectations in its fourth-quarter earnings. Square Inc (NYSE:SQ) reported revenues of ... [Read]
MA Stock Down as Company Warns of Coronavirus Impact
MA stock is in the red today after Mastercard (NYSE:MA) warned the coronavirus outbreak could hit its 2020 revenue, as well as a change to its CEO. The credit card firm lowered its three-week-old forecast ... [Read]
Uber Stock Unmoved After Company Shuts LA Office, Lays Off 80 Staff
Uber stock is slightly in the red today after the company announced that it was closing its customer support office in downtown LA and laying off approximately 80 staff members. Staff at the office were ... [Read]
BA Stock Slides as Boeing Submits First Plan for Return of 737 Max
BA stock is in the red this week despite Boeing (NYSE:BA) submitting its initial recommendation to the FAA for how to resolve concerns about the placement of wiring bundles in 737 Max airplanes, potentially signaling ... [Read]
MGM Stock Down as Hotelier Cuts Forecast, CEO Resigns
MGM stock is in the red today after the hotel and casino chain pulled its forecast for the year and announced the departure of its longtime chairman and Chief Executive Officer, Jim Murren. MGM Resorts ... [Read]
UAA Stock Sinks as Q4 Sales Fall Short of Expectations
UAA stock is tanking today after Under Armour Inc’s (NYSE:UAA) fourth-quarter sales fell short of analysts’ estimates, with the sports apparel maker forecasting a sales drop in 2020. For the three months ended December 31, ... [Read]