The market struggled for the 2nd-straight session as Wall Street once again searched for safety ahead of the weekend. Friday’s pullback is pushing late January support and levels that likely come into play to end the month. The continued drip of news concerning the coronavirus has also hurt the global markets as world economies brace for the impact of slower growth.The Nasdaq plunged to a low...
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The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
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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 was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
Continue reading >>
The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
Continue reading >>