stock

Will a president Joe Biden ruin your stock portfolio?

Signs are starting to emerge that the stock market is getting a little worried about how a president Joe Biden would impact corporate profits and by extension the valuations on equities.

“I think it’s [the election] starting to matter a little bit more to daily market performance. I would say really over the past few weeks as we’ve seen the betting odds increase of a Democratic sweep. So we’ve started to hear more discussions around what that means for corporate taxes and as a result, how we should be thinking about our earnings expectations further out. I think there’s also a thought around sector implications. Could we see slightly higher regulation for certain sectors in a Democratic sweep?,” explained JPMorgan Asset Management global market strategist Gabriella Santos on Yahoo Finance’s The First Trade.

The former vice president is currently ahead of President Trump in the presidential race by a whopping

Read More

Stock futures open slightly higher after selloff

Stock futures opened modestly higher Wednesday evening. The after-hours moves came on the heels of a steep selloff in markets during the regular session, with the Dow dropping 2.72%, or 710 points, for its worst day since its near-7% slide two weeks ago.

The risk-off mood came after some states in the South and West reported another day of increases in new coronavirus cases. California reported more than 7,100 new cases – a one-day record by far for the state – while Florida and Texas also reported record jumps in new cases at more than 5,500 each. Apple (AAPL) re-closed seven more retail locations in Houston, Texas, bringing its total re-closures nationwide to 18 as a result of the rise in infections.

New York, once the nation’s epicenter of new coronavirus cases, along with New Jersey and Connecticut called for a 14-day quarantine for visitors traveling from many of the

Read More

Stock futures open little changed, pausing after rally

Stock futures traded near unchanged Tuesday evening after a rally during the regular session sent a number of big tech names and the Nasdaq Composite to record closing highs.

Market participants continued to eye increases in coronavirus cases in some regions in the country, with each of California, Texas and Arizona posting their largest daily case additions so far, as of Tuesday’s counts. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said during an appearance before the House Energy and Commerce Committee Tuesday that the “next couple of weeks are going to be critical” in containing the virus in states in the South and West where surges have appeared.

Still, state and local officials have so far largely tabled the idea of shutting down their state economies again, with Texas Gov. Greg Abott saying that a new lockdown would be the last option.

Despite the

Read More

5 powerful stocks to buy with the stock market skyrocketing again

The stock market is back in major rally mode again after a brief downdraft. So, instead of trying to fight the tape as they say on Wall Street trading floors, why not back up the truck and search for additions to the portfolio.

Market experts we talk with are divided on what should be the precise investor attack plan right now considering the market has rallied more than 40% off the March 23 lows, according to Yahoo Finance Premium data. Do you day-trade high-flying tech stocks such as Netflix (NFLX), seeing as there is nothing better to do each day (no sports on TV, after all) and the streaming giant is a powerhouse? Do you seek out “safe” dividend stocks, say like Clorox (CLX), that while no longer cheap valuation wise do pay out a solid, predictable dividend? Or do you spend hours searching for fresh names to invest in

Read More

Stock futures edge higher after Nasdaq closes at a record

Stock futures ticked up slightly as late trading kicked off, with stocks steadying after another choppy session earlier on Monday.

Big tech stocks were mixed in overnight trading after outperforming during the regular session, with both the Nasdaq Composite and Nasdaq 100 ending at record high levels. Each of Netflix, Apple, Microsoft, Amazon and Facebook hit record closing, along with Zoom Video Communications, Nvidia and PayPal.

Apple’s record closing high coincided with the company’s annual Worldwide Developers Conference (WWDC), during which the iPhone-maker announced it would be pivoting away from its 15-year partnership with Intel to make its own processors in its Mac devices. The company also announced during its video-streamed conference a suite of new upgrades to its operating systems for iPhone, Mac, iPad and Apple Watch.

Travel and leisure stocks extended declines in late trading as coronavirus cases rose further in some geographies, stoking fears that reopening processes

Read More