I’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid-August that DraftKings (NASDAQ:DKNG) stock was a great buy to play this emerging megatrend. Source: Stokkete/ShutterStock.com Since then, DKNG stock rose as much as 83%. But, at a $20 billion market cap, DraftKing stock now feels fully priced for enormous
admin
Acorns mobile application Acorns Acorns is expanding into the hiring market. The eight-year-old fintech company announced a partnership with online job market ZipRecruiter on Monday, which allows Acorns clients to browse and apply for jobs within the app. Acorns’ hiring portal is the first of its kind for a financial services company. The launch had
The futures market looked like Monday would have some solid gains, but the market couldn’t hold it together throughout the session. That said, let’s look at a few top stock trades as earnings season gets into full swing. Top Stock Trades for Tomorrow No. 1: Procter & Gamble (PG) Procter & Gamble (NYSE:PG) quietly remains
NextEra Energy (NYSE:NEE), a holding company that owns and runs Florida Power and Light, wants to acquire a regulated utility. NextEra Energy stock, the largest publicly traded utility, is bound to do well — if only it get another utility to agree to a merger or acquisition. Source: IgorGolovniov/Shutterstock.com The Wall Street Journal recently reported
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Revenue, however, missed analyst expectations. American Airlines — American Airlines shares rose more
The semiconductor market is hot, but Taiwan Semiconductor (NYSE:TSM) is hotter. In 2020, TSM stock is up 51%, topping the widely followed PHLX Semiconductor ETF (NASDAQ:SOXX) by about 30 percentage points. Source: Sundry Photography / Shutterstock.com For many investors in the U.S., Taiwan Semiconductor isn’t a household name like Nvidia (NASDAQ:NVDA). But Taiwan Semiconductor’s business
CNBC’s Jim Cramer said on Monday that “we’re in some wacko market” because normally chasing stay-at-home stocks trading at off-the-charts multiples to sales would not make sense, but now the market is rewarding investors who do so. Cramer cited Zoom Video Communications at about 50 times sales and cloud company Snowflake at about 100 times
First Solar (NASDAQ:FSLR) manufactures top-notch modules that are selling fairly well, and it is one of the highest quality companies in the solar sector. Still, First Solar stock shouldn’t be your first choice. Source: IgorGolovniov / Shutterstock.com Given the company’s dependency on the U.S. market, there are much better solar space opportunities for risk-tolerant, growth
American Funds has been offering mutual funds since 1934. Based in Los Angeles, it is a subsidiary of global asset manager Capital Group. Capital Group is America’s seventh-largest asset management firm with assets under management (AUM) of $1.7 trillion, as of June 2020. It provides wealth management and financial advisory services to high net-worth individuals,
In late September, a U.S. House vote to remove marijuana from the federal Controlled Substances Act was delayed until after the presidential election. If the House remains controlled by Democrats, industry analysts expect the Marijuana Opportunity Reinvestment and Expungement (MORE) Act to potentially pass before the end of 2020. Then, it would be up to
With Workhorse (NASDAQ:WKHS) facing multiple new risks on top of numerous red flags, I continue to recommend that investors sell WKHS stock. Source: Photo from WorkHorse.com A new report by a short-selling firm includes damaging information about Workhorse. Moreover, the shares are likely to be hurt in the short- and medium-term by the delay of
Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set aside $1.4 billion for possible loan losses, significantly smaller than the amounts it had set
Throughout 2020, Bed Bath & Beyond (NASDAQ:BBBY) stock has been one of the market’s best turnaround stories, with its shares surging more than 600% off their coronavirus-induced March lows. Source: Shutterstock That’s partly because consumer spending has risen since then and partly because Bed Bath & Beyond’s management is doing everything right to turn this
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC With earnings season gathering pace, now is the time to re-evaluate your portfolio. However, in such an unpredictable environment, investors need to be particularly savvy when making critical investing decisions. “Markets are now hoping for (and trading on) a smooth election, a big
Sunrun (NASDAQ:RUN) has been a jaw-dropping trade lately. Even after a recent sell-off, RUN stock is up 350% year-to-date. Sounds great, right? Source: IgorGolovniov / Shutterstock.com Normally, you’d expect some huge fundamental developments to justify a stock price quadrupling. But there aren’t any here. Sunrun’s sales are actually declining. For Q2, its operating loss was
Approximately 2,000 Robinhood accounts were accessed by hackers and looted during the week of October 5, according to Bloomberg. Victims told Bloomberg that their trading accounts were hacked in spite of already having set up account protection. A Robinhood spokesperson tells us, “A limited number of customers appear to have had their Robinhood account targeted
Check out the companies making headlines before the bell: Walgreens – The pharmacy chain operator reported adjusted quarterly profit of $1.02 per share, 6 cents above estimates, with revenue also above forecasts. Walgreens also announced a 2.2% dividend increase. The shares added 2% in premarket trading as of 7:40 a.m. ET. Morgan Stanley – Morgan
Small cars have never sold well in the United States. ElectraMeccanica (NASDAQ:SOLO) – an electric vehicle pioneer that is on the cusp of bringing a purpose-built, single-seat, three-wheel electric car (dubbed Solo) to market in late 2020 – hopes to change this reality and sell a bunch of “tricycle” EVs over the next few years. If
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects:Earnings: $2.23 per share, a 17% decline from a
As Shopify (NYSE:SHOP) continues surging, investors will look back at 2020 as a year of FOMO – the Fear of Missing Out. SHOP stock now up 170% since the beginning of the year and 3,700% since its 2015 IPO, and it’s not alone. Source: justplay1412 / Shutterstock.com Tech stocks, led by work-from-home companies, have rocketed
Check out the companies making headlines before the bell: Pfizer, BioNTech – Pfizer Chairman and CEO Albert Bourla said the vaccine candidate under development by the two drug makers could be ready for an Emergency Use Authorization application by late November. Separately, Pfizer and BioNTech are scaling up manufacturing capability for their experimental coronavirus vaccine,
Most investors typically value precious metals as safe havens in times of an economic downturn. Due to the novel coronavirus-led market slowdown, several investors have turned to precious metals in protecting their investments. For example, gold prices have risen over 27% in the past year compared to 19% growth in the S&P 500 index. However,
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 174
- Next Page »