Some companies are taking the bull by the horns and driving this pandemic to profit, Jim Cramer told his Mad Money viewers on Tuesday. Cramer said that through a combination of ingenuity and a bit of luck, many of this quarter’s outstanding stocks are about to rise again next quarter. …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
Read More »FedEx Shares Up 9% As Online Shopping Boosts Company’s Quarterly Results
FedEx Corp. shares rose Tuesday night after the logistics and delivery company reported better-than-expected adjusted earnings and sales in its fiscal fourth quarter as rising online shopping amid the pandemic coronavirus compensated for higher costs and thinner margins. FedEx FDX, + 4.21% reported a loss of $ 334 million, or …
Read More »Micron Stock jumps in profit. What investors should know.
Text size Photograph by Tomohiro Ohsumi / Bloomberg Shares of Micron Technology rose after the memory chip maker reported fiscal third-quarter earnings and sales on Monday that exceeded guidance released by the company just a month ago. Micron’s shares (ticker: MU) rose 5.2% in pre-trade trading. Shares closed 1.4% during …
Read More »JP Morgan is betting that these stocks will dominate as an uncertain second half of the year approaches
Stocks falter on the last trading day of the quarter, as the World Health Organization warns that “the worst is yet to come” with COVID-19. But up to 16% and 18% respectively, the Dow DJIA, + 2.32% and S&P 500 SPX, + 1.46% They are poised for the best three-month …
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