After touching year-to-date 2019 highs of $3.44 in the beginning of April, Chesapeake Energy (NYSE:CHK) has been tumbling fast. CHK stock is already lower by 59% and I don’t see any respite. Source: Casimiro PT / Shutterstock.com Chesapeake Energy has certainly been trying to lower the cost and increase the weight of oil in production.
It’s been a terrible year for Chinese automaker Nio (NYSE:NIO). The firm has been burning through cash at an alarming rate, which has significantly impeded its future growth strategy. Back in March Nio stock briefly made its way above $10 per share, but since then NIO shares have been on a steady downtrend as confidence
U.S. equities are treading water ahead of the Federal Reserve’s latest policy decision, with the Dow Jones Industrial Average holding near the 27,000 level. While most stocks are holding steady ahead of what is expected to be another interest rate cut, energy stocks are weakening here as West Texas Intermediate drops back below the $55-a-barrel
It’s been a rough year for U.S. food delivery giant GrubHub (NASDAQ:GRUB), as GrubHub stock has tumbled amid concerns about escalating competition, slowing growth, and eroding profitability. But, while things were bad for GRUB before, they just got a lot worse. In late October, GrubHub reported third quarter numbers that missed estimates across the board.
This year, Amazon.com (NASDAQ:AMZN) had some good news for customers: one-day shipping is now standard for Amazon Prime orders. But in last Thursday’s quarterly report, this translated into bad news for investors in AMZN stock. The effort contributed to a spectacular earnings miss: Last year, Amazon earned $5.75 per share in the third quarter. Analysts were expecting
From the highs of March 2019, Aurora Cannabis (NYSE:ACB) stock has slumped by 62% and the scenario is no different for other companies in the cannabis industry. The decline has been associated with industry- and company-related concerns and I don’t see any reversal in trend for ACB stock. This coverage will discuss the factors that
In the recent past, most of the discussions about Qualcomm (NASDAQ:QCOM) have revolved around the launch of 5G. Without a doubt, the rollout of 5G is likely to be a game-changer for QCOM and for several industries. QCOM stock has responded positively to the company’s impending growth opportunity, surging 44% so far in 2019. Source:
For investors, IBM (NYSE:IBM) is in an interesting place, but “interesting” doesn’t mean “good.” Fresh off a post-earnings drubbing, IBM stock could be primed for a near-term rally, albeit a modest one. Source: Twin Design / Shutterstock.com But, remember, the devil is in the details and the details confirm what many investors have already known:
Bank of America (NYSE:BAC) stock may not be as great a bargain as some have hyped it to be. Yes, BAC stock is cheap. Or it appears to be. And yes, the recent quarterly earnings came in fairly positive and pleased the market. Source: Michael Vi / Shutterstock.com But what lies underneath this story are
Tilray (NASDAQ:TLRY) stock seems to be in disarray after having declined by more than 90% from its all-time-highs. But the company’s September 2019 presentation seems to indicate that the opportunities of the cannabis industry are endless. Source: Jarretera / Shutterstock.com That may be true, but the presentation does not touch on a single challenge facing
In 2018, CSX (NASDAQ:CSX) was the tenth-largest railroad company in the world by revenue. That includes big nationalized railroads in Germany, France, Russia, India and Japan. In the United States, it’s the No. 3 railroad by revenues. Source: Wangkun Jia / Shutterstock.com It’s also the top railroad east of the Mississippi River, with solid free
Plug Power (NASDAQ:PLUG) stock might have surged by 142% in year-to-date 2019. But I remain skeptical about the scalability of the business model in the long term. Understandably, Plug Power has different views. The company is targeting revenue of $1 billion and adjusted EBITDA of $200 million by 2024. Source: Shutterstock Considering the rally in
General Motors (NYSE:GM) stock has shown signs of life heading into earnings next Tuesday. There has been some good news along the way that has helped General Motors stock rally nearly 6% over the last twelve sessions. Source: Katherine Welles / Shutterstock.com Most notably, a concerning strike by the United Auto Workers union has been
The hype around Disney (NYSE:DIS) has again brought attention to Disney stock. The company will soon launch its streaming service Disney+ and release a new Star Wars movie. Since DIS has not moved significantly in recent months, some now wonder if the equity finally has a new catalyst. Source: David Tran Photo / Shutterstock.com Unfortunately,
U.S. equities look ready to take a leg lower as the political situation in Washington worsens and the flow of Q3 corporate earrings and economic data suggest a real slowdown is underway. As a result, the Dow Jones Industrial Average is falling away from the 27,000 level and looks set for a break below its
Square (NYSE:SQ) is a leader in the fast-growing, competitive fintech industry, but Square stock has had a volatile year adding only a little more than 1% since January. Source: Jonathan Weiss / Shutterstock.com As of Oct. 22, shares of Square resided more than 29% below the 52-week high. Conversely, the Global X FinTech ETF (NASDAQ:FINX)
It’s been a rollercoaster for Amazon.com (NASDAQ:AMZN) stock all year. After clawing its way to new 52-week highs in mid-July, AMZN promptly fell off on a Q2 earnings miss. Today, its year-to-date gain has been cut in half. And, believe it or not, AMZN stock’s price-to-earnings ratio is near its lowest levels since 2015, when
iQiyi (NASDAQ:IQ) stock is headed downhill further. Management of the Chinese online streaming company gave a very bleak growth outlook during its second-quarter conference call. Moreover, it looks like IQ will continue losing money. That means IQ stock will keep falling. Source: Jarretera / Shutterstock.com To start with, management indicated that revenue would only increase
For investors willing to time the bottom in cannabis stocks, Aurora Cannabis (NYSE:ACB) is an intriguing choice. No other pot company has the company’s breadth in terms of global reach and product portfolio. Aurora Cannabis stock isn’t necessarily cheap, yet. But Aurora stock certainly is cheaper, with a two-thirds decline from March highs to a
Is Aurora Cannabis (NYSE:ACB) stock is so overvalued it is likely to drop 90% to its tangible book value? I argued last month that the cannabis grower was in bad financial shape, but last week, another market pundit came out with an even-dire assessment of ACB stock. Source: ElRoi / Shutterstock.com In his recent, well-thought
If misery loves company, then Aurora Cannabis (NYSE:ACB) shareholders are far from alone. While marijuana stocks like ACB were soaring earlier in the year, several marijuana-related headwinds and dulling hype have since sent many of these stocks downward. But if new investors want to brave the risk and allow ACB stock to grow in their
iQiyi (NASDAQ:IQ) stock continues to frustrate investors. Despite the company’s strong position in China’s streaming market, IQ stock continues to drop. Source: Faizal Ramli / Shutterstock.com iQiyi’s strength in China has become a double-edged sword for IQ stock. Without a doubt, IQ’s large subscriber base and partnership with Netflix (NASDAQ:NFLX) have strengthened the Chinese company.