Market Insight Blog

Why Ford Stock Is Up Big Today
What happened Shares of Ford Motor Company (NYSE: F) were moving higher on Friday, amid a broad-based market rally following the release of better-than-expected May employment figures. The figures add to other signs that the economy might be starting to recover -- just in time for several important new-product launches from Ford. As of 1:45 p.m. EDT, Ford's shares were up about 13.8% from Thursday's closing price. So what Before the market opened on Friday, the U.S. Bureau of Labor Statistics […]

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Why National Beverage Stock Rose 13% in May
What happened National Beverage (NASDAQ: FIZZ) shareholders outperformed a rallying stock market last month. The stock rose 13% in May compared to a 4.5% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally added to April's gains to put the sparkling beverage producer in solidly positive territory, up 12% so far in 2020. Image source: Getty Images. So what National Beverage had dropped along with bigger rivals like Coca-Cola during the stock […]

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Why Travel Stocks Jumped Higher Today
What happened It appears yesterday was not, in fact, the end of the rally for the S&P 500. This morning, shares across the markets spiked sharply higher. By 12 p.m. EDT, the S&P 500 was up a strong 3%. Stock names closely tied to the travel and tourism industries are experiencing especially strong support: Online travel agency Expedia Group (NASDAQ: EXPE) is up 4.9% Travel planner TripAdvisor (NASDAQ: TRIP) soared 16% Hotel chain Marriott International (NASDAQ: MAR) notched a 5.1% gain […]

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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Soared Today
What happened Cruise ship stocks surged on Friday after a surprising jobs report boosted investors' hopes for a faster-than-expected economic recovery. As of 1:30 p.m. EDT, shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) were all up more than 20%. So what The U.S. economy added 2.5 million jobs in May, according to the Labor Department, which brought the unemployment rate down to 13.3%. That was in stark contrast to analysts' […]

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3 Great Stocks Around $10 a Share
The allure of penny stocks is that you can control a lot of shares for relatively little money, so that even small upward movements in the price can result in windfalls. That's the theory. But with that potential comes outsized risk -- the fact is, you're more likely to lose your capital in penny stocks than realize any gains. That's why investors should avoid buying them. Low-priced stocks on the major exchanges offer some of the same allure. Usually a stock that seems cheap is cheap for a […]

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Why Shares of LATAM Airlines Are Up Today
What happened Shares of LATAM Airlines Group (NYSE: LTM) soared 22% on Friday morning, before falling back somewhat, on encouraging news about a potential post-COVID-19 travel recovery. But not all airline stocks are the same, and investors should avoid buying into the rally in LATAM shares. So what Airlines have been hit hard by the pandemic, which has caused travel demand to plummet and left carriers scrambling to avoid failures. LATAM in particular has been hard hit, with the airline filing […]

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AbbVie Enters the Race to Develop New COVID-19 Treatments
Another big biopharmaceutical company has joined the crowd working to develop effective treatments for COVID-19. AbbVie (NYSE: ABBV) has partnered with Harbour BioMed, Utrecht University, and Erasmus Medical Center to develop 47D11, an antibody that blocks the SARS-CoV-2 coronavirus that causes COVID-19. To treat and prevent AbbVie's partners made waves in May with a paper describing 47D11 and its ability to neutralize SARS-CoV-2. In a laboratory, the antibody latched onto the spike protein […]

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Why These Beaten-Down Restaurant Stocks Are Surging
What happened Shares of Dave & Buster's (NASDAQ: PLAY), Ruth's Hospitality Group (NASDAQ: RUTH), and Darden Restaurants (NYSE: DRI), various restaurant chains are jumping Friday -- Dave & Buster's and Ruth's jumped over 17% at one point -- after a positive jobs report pumped optimism into the markets. So what Friday brought surprising yet incredibly welcomed news when the Labor Department's jobs report showed that the economy added 2.5 million non-farm jobs in May. Not only was May's […]

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Why MyoKardia Shares Rose 62.8% in May
What happened Shares of MyoKardia (NASDAQ: MYOK) climbed 62.8% in May, according to data provided by S&P Global Market Intelligence, after the company said its investigational heart drug met primary and secondary endpoints in a phase 3 clinical trial. Image source: Getty Images. Mavacamten is a treatment for obstructive hypertrophic cardiomyopathy (HCM), a chronic and progressive disease of the heart that results in reduced pumping capacity. In the phase 3 trial, the primary endpoint was a […]

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Why Oil Stocks Are Going Ballistic Today
What happened Oil prices are in rally mode today. WTI, the main U.S. oil price benchmark, was up 4.5% to about $39 a barrel by 10:15 a.m. EDT on Friday. Meanwhile, Brent, the global benchmark, surged 5.3% to above $42 a barrel. Fueling the rebound in crude prices was a report that OPEC and its partners had agreed to extend their historic production cut by another two months. On top of that, the U.S. government reported a stronger-than-expected jobs report in May, suggesting that demand for […]

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