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Discover Financial Stock Still Has Room To Grow

Discover Financial Stock Still Has Room To Grow

We believe that Discover Financial’s stock (NYSE: DFS) has a strong upside potential of 16% in the near term. DFS trades at $64 currently and it has lost 23% in value year-to-date. It traded at a pre-Covid high of $74 in February and is 14% below that level now. Also, DFS stock has gained 144% from the low of $26 seen in March 2020, after the multi-billion dollar stimulus package announced by the U.S. government has helped stock prices recover to some extent. That said, the stock is leading the broader markets by a wide margin (S&P 500 is up 50%), as investors are positive about the growth in consumer demand over the coming months, leading to higher transaction volumes and credit card loans. Despite a significant improvement in DFS stock since late March, we believe that the stock still has room to grow in the near future. Our conclusion is based on our detailed analysis of Discover Financial’s stock performance during the current crisis with that during the 2008 recession in an interactive dashboard analysis.

2020 Coronavirus Crisis

Timeline of 2020 Crisis So Far:

  • 12/12/2019: Coronavirus cases first reported in China
  • 1/31/2020: WHO declares a global health emergency.
  • 2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
  • 3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, as COVID-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war
  • Since 3/24/2020: S&P 500 recovers 50% from the lows seen on
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19 Fresh Methods To Discover A Enterprise Concept Entrepreneur’s Handbook

19 Fresh Methods To Discover A Enterprise Concept Entrepreneur’s Handbook

Business news,Business daily,Business ideas,Business insider,Business letter,Business line,Business plan,Business proposal,Business times,Business world,Online businessWhen selecting a business idea, it’s sensible to look at your strengths, skill set, and things you’re already enthusiastic about. Like other app-based mostly aspect business ideas, people who select to ship for Amazon are in a position to management when and for the way lengthy they work. Agriculture business is all about the production and advertising of agricultural goods by way of farming items associated to crops and livestock. For the most part IBD sources their market data to credible mainstream and authorities web sites, however they occasionally utilize factually combined sources such because the Day by day Signal.

For those who’re the most organized particular person your know, your best small enterprise thought from dwelling just could be a contract virtual assistant service: You is likely to be shocked by how many companies are increasingly outsourcing administrative duties to distant staff As a digital assistant, you can choose your clients, then handle their emails, schedule conferences, e-book journey, and complete different essential tasks to make your clients’ lives and businesses run more smoothly—all from the comfort of your personal home.

Running a blog is still one of the best home-based business ideas with low startup prices. All it takes is one unique business concept (and generally a little bit cash in a financial savings account to get began) and you may be there too. Content material marketing is a big enterprise. You may have to consider your distinctive talents, interests, and expertise, as well as the kinds of on-line enterprise opportunities that have the potential to generate profits.

TheStreet started as an online informational website but has since rolled out an app for both iPhone and Android The app supplies access to monetary information, evaluation and stock-choosing insights from experts related to the company. Almost anybody can begin … Read the rest