Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
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The market closed out its worst quarter since the 2008 financial crisis with a down day with the U.S., Europe and other parts of the world still engulfed by the coronavirus pandemic. The March selloff represented a greater then 30% decline at its worst point during the quarter, but a roughly 15% rebound over the past week.The Russell 2000 traded down to 1,130 while settling at 1,153. Key support...
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Continue reading >>Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
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The market rebounded on turnaround Tuesday following an $800 billion stimulus package from the Fed that would include checks being mailed to all Americans. The major indexes settled off their midday highs as sentiment remains fragile over the coronavirus pandemic with volatility remaining at historic levels.The Russell 2000 closed on its session peak of 1,106 while showing the most strength....
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