Standard Chartered posted a substantial rise in pre-tax profit for 2019 on Thursday, but the Asia-focused bank warned that the spread of the coronavirus would likely slow progress toward one of its key earnings targets. The company said annual pre-tax profit was up 46% at $3.7 billion for the year, although this was slightly below … Read more
U.S. stock futures on Thursday morning pointed to declines at the day’s open even after President Donald Trump tried to assuage concerns over the coronavirus outbreak. Futures slipped after the CDC confirmed the first U.S. coronavirus case of unknown origin in Northern California, indicating possible “community spread” of the disease. The CDC doesn’t know exactly … Read more
Today stocks made an attempt at a rebound…and failed. Stocks opened higher this morning and rallied. But after a choppy morning, the major indices drifted lower during lunch. — RECOMMENDED — Millionaire Trader Reveals Top Trade Idea Each Week RagingBull.com CEO, Jeff Bishop, shares his top pick for the week each Monday, straight to your … Read more
A mixed week for mortgage rates caused a split in application volume between refinances and purchase loans. Total mortgage application volume rose 1.5% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, which included the Presidents Day holiday. — RECOMMENDED — Millionaire Trader Reveals Top Trade Idea Each Week … Read more
Stock futures were flat as the market attempted to rebound the worst two-day slide for the S&P 500 in four years. Futures traded wildly in overnight trading and there were no apparent positive coronavirus headlines that would point to support for the market. — RECOMMENDED — 5 Small Caps Set to Soar 1,000% On February … Read more
Stocks suffered big losses again today after more coronavirus news. This morning the major indices opened slightly higher. But just an hour into the session stocks were looking at losses. — RECOMMENDED — 2 Nobel Prize Economists Predicted This Once-in-a-Generation Wealth Shift… A terrifying new trend is creating thousands of new millionaires (Barron’s estimates 20,000 … Read more
Home Depot beat Wall Street’s expectations for the fourth quarter, and its CEO Craig Menear said the results indicate its significant investments in the company are paying off. Here’s what the company reported compared with what analysts expected for Home Depot’s fiscal fourth quarter, based on Refinitiv data: — RECOMMENDED — Legendary stock-picker predicts best-performing … Read more
U.S. stock index futures pointed to slight gains on Tuesday following the market’s worst decline in two years on concerns the coronavirus outbreak would dent global economic growth. As of 6:37 a.m. ET, Dow Jones Industrial Average futures were up 110 points, indicating a gain of 132 points at the open. S&P 500 and Nasdaq 100 futures … Read more
Stocks were hammered overnight and opened lower this morning. Coronavirus fears were the big driver behind today’s drop. China (the 2nd biggest economy in the world) virtually being shut down hasn’t been enough of a concern for traders. — RECOMMENDED — WARNING!!! GET OUT OF CASH NOW Here’s how to prepare for the biggest stock … Read more
Shares of teleconferencing software company Zoom Video rose in trading as investors looked to the stock as one of the few beneficiaries from the outbreak of coronavirus. The stock climbed more than 6% on strong demand and on Monday hit new record high levels. Zoom Video shares traded inversely to the rest of the U.S. … Read more