Inside Virgin Galactic’s hangar at Spaceport America in New Mexico. Virgin Galactic Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space company sank more than 18% amid multiple pessimistic sell-side analyst notes. Both Credit Suisse and Morgan Stanley downgraded the equity from overweight/outperform to equal weight/neutral. Morgan Stanley
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If you’re worried about coronavirus and its potential impact on the global economy, or if you are skeptical that the U.S. economy can sustain its dizzying pace, then you’ve probably looked at buying gold as a hedge. Source: Shutterstock The gold miner stock investors have been turning to is Barrick Gold (NYSE:GOLD). Let’s take a closer
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Few great companies have had their stocks hit as hard in 2020 as 3M (NYSE:MMM). Source: JPstock / Shutterstock.com The shares are down 15%, after management announced 2019 results that showed just 2% growth and lower profits. While the company’s price-earnings ratio on Feb. 26 is still above 19, the $1.47 per share dividend now
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Nokia (NYSE:NOK) stock looks cheap. At a current price just above $4, shares are valued at about 15 times the midpoint of 2020 earnings-per-share guidance. Nokia expects earnings to grow over time, too, as profit margins expand. Source: RistoH / Shutterstock.com Meanwhile, Nokia should see growing demand for its 5G (fifth generation) wireless equipment. China’s
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Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
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An employee works while sitting under a mural at Etsy Inc. headquarters in Brooklyn. Victor J. Blue/Bloomberg via Getty Images Check out the companies making headlines after the bell: Booking Holdings—Amidst the coronavirus outbreak, the travel company’s stock fell over 2% in extended trading despite posting a double beat on earnings and revenue for the
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Perhaps the best thing that can be said of the three marquee equity benchmarks today is that the trio did not reprise the glum performances notched on Monday and Tuesday. It would be difficult to call the price action on Wednesday a “comeback” or even a “rebound,” but it was undoubtedly less bad than what
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The bulls have had a rough week as the coronavirus from China goes global and threatens a major disruption of end demand, supply chains and debt market health. U.S. equities just suffered the most rapid two-day pullback of the current bull market, outpacing the 2010 Eurozone panic, the 2011 debt panic and even the 2018
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Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic Chairman Chamath Palihapitiya thinks the recent rally by Wall Street’s favorite
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Crude oil probed below the $50 level and bounced February can be the weakest month of the year OPEC on the horizon Many markets across all asset classes have a habit of taking the stairs to the upside during bullish trends. Often, a bullish trend that lasts for months can lead to corrections that occur
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Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce.com—The software company’s
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