Starbucks Stock has Upside Ahead Amid the Dividend Increase
Starbucks stock price recovery is gaining momentum as the company shows confidence in its future fundamentals and cash generation potential. This is evident from the quarterly dividend increase of 10% to $0.45 per share. This marks the tenth consecutive year of a dividend increase.
Micron Stock Slid on Soft Outlook
Micron (NASDAQ: MU) stock plummeted despite posting stronger than expected fourth-quarter results as short-term guidance weighed on investor's sentiments. The chipmaker says coronavirus pandemic has negatively impacted IT spending, which could lower demand in the short-term.
European Stocks Rebound on Banking Shares Rally, Economic Data
After reporting the worst weekly performance since June, European stocks rebounded sharply on Monday and extended the uptrend into Tuesday trading. The upside momentum is supported by a sharp rebound in banking stocks that had hit a record low last week. Investor’s strategy of buying on the dip is also supporting European stocks.
Dollar Tree Stock is Presenting a Buying Opportunity; Here's Why
Dollar Tree stock price is surprisingly in negative territory so far this year despite posting robust sales and earnings growth. Although the pace of store opening dropped slightly due to the pandemic, the retailer has again started working on aggressive growth strategies.
European Stocks Edge Higher After Worst Weekly Performance
European stocks moved higher on Monday after reporting worst weekly performance since mid-June amid concerns over the second coronavirus wave. Several other factors including slower than expected economic growth also added to last week's selloff. However, European stocks are in green on Monday, thanks to positive momentum from Asian stock markets and US stock futures.
Lockheed Martin Stock Will Get Support on Dividend Increase and Buybacks
Lockheed Martin stock price is trading in negative territory this year due to the massive level of devastations the airline industry saw over the past two quarters. Despite substantially lower demand from the passenger airline industry, LMT strongly believes in its future fundamentals and cash generation potential.
US Dollar Cools Off from Eight Week High as Equities Gain Momentum
US dollar rally faded in the Friday trade as global stock markets started reversing losses despite increasing coronavirus infections and concerns over economic recovery. The USD index, which tracks the US dollar against the basket of six currencies, fell back to 94.40 level after hitting two months high of 94.60 level in Thursday trading.
European Stocks Recovered From Three Month Low, US Stock Futures Extends Gains
European stocks fell to three month low on Thursday as worries over the economic recovery and increasing virus infections dented investor’s sentiments. The Fed’s warnings over the slow economic recovery have added to bearish sentiments.
European Stocks Steady, But US Stock Markets Tumbles on Fed Warning
European stocks rallied on Wednesday and remain steady in Thursday trading despite a huge selloff in US stock markets. The rally in stock prices of sportswear makers and auto companies helped European stocks to extend the upside momentum.
Aurora Cannabis Stock Fell 30% to All-time Low on Slowing Revenues
Aurora Cannabis stock price hit an all-time low despite beating fourth-quarter results. Investors reacted strongly to declining revenues as their consumer cannabis sales dropped almost 9% from the past year period and the company sees an extension of the declining trend in the first quarter this year.
US Dollar Jump to Six Week High, Gold and Euro Tumble
US dollar rally gained further momentum on Wednesday as global equity markets are losing investor’s confidence due to the threat of the second coronavirus wave. The risk of fresh economic and traveling restrictions has added to the greenback value.