Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing company gained more than 3% after Mizuho initiated coverage on the stock with a buy rating and $550 target. “We believe Zoom can continue to deliver outsized revenue growth due to its position as a market leader, its global
Month: October 2020
With the Las Vegas Strip continuing to rebound and MGM (NYSE:MGM) receiving a roughly $1 billion investment from IAC (NASDAQ:IAC), the outlook of MGM stock has improved. Source: Michael Neil Thomas / Shutterstock.com Additionally, following the widespread introduction of a successful vaccine for the novel coronavirus, MGM is set benefit from a huge amount of
BP Plc (NYSE:BP) has had a rough year. In 2020, BP stock is down over 54%. Nevertheless, the stock is likely worth at least 20% more than its present price of $17.27, based on its historical dividend yield. Source: FotograFFF / Shutterstock.com Due to the Covid-19 pandemic, oil and gas prices have tumbled amid reduced
Stocks added to this week’s gain with another rally on Thursday. With that in mind, let’s look at a few top stock trades as we head into Friday. Top Stock Trades for Tomorrow No. 1: Canopy Growth (CGC) The cannabis stocks have been regaining momentum lately, as we highlighted earlier this week. Taking a closer
The global markets are really just one big interconnected web. We frequently see the prices of commodities and futures impact the movements of currencies, and vice versa. The same is true with the relationship between currencies and bond spread (the difference between countries’ interest rates): the price of currencies can impact the monetary policy decisions
Is now the time to buy General Electric (NYSE:GE) stock as shares tread water? Not so fast! Shares are down big due to its novel coronavirus headwinds. But, as the pandemic affects its turnaround plan, it’s hard to see a rebound in the cards anytime soon. Source: JPstock/Shutterstock.com How so? Even before the outbreak, the
Morgan Stanley CEO James Gorman has just completed a pivot that began more than a decade ago. With the announcement Thursday that Morgan Stanley is acquiring investment manager Eaton Vance for $7 billion, Gorman is adding heft and scale to the smallest of the New York-based bank’s three main businesses: the manufacturer of mutual funds
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell Thursday: GenMark Diagnostics — GenMark shares popped more than 4% after
Canopy Growth (NYSE:CGC) has been — to be frank — a disappointment to CGC stock holders for several years. Source: Shutterstock This company was supposed to turn into a titan of industry in the booming global cannabis market, with surging revenues, huge profits and a soaring stock price. But none of that has happened. Yet.
Never underestimate a good dividend. For that matter, never underestimate a quality company, brand and stock either. McDonald’s (NYSE:MCD) fits all of these criteria. That’s why it’s no surprise that McDonald’s stock is hitting new all-time highs. Source: ATIKAN PORNCHAIPRASIT / Shutterstock.com Even better, though, is that the thesis behind owning the stock doesn’t depend
If you think Coca-Cola (NYSE:KO) stock is worth buying because of its iconic brand name, may you should look carefully at the stock performance. If you study the basic numbers, Coca-Cola stock is really nothing to write home about. Source: MAHATHIR MOHD YASIN / Shutterstock.com The bottom line is that people simply are not drinking
CNBC’s Jim Cramer on Thursday advised investors to not buy shares of Regeneron Pharmaceuticals, simply because President Donald Trump touted the company’s potential coronavirus treatment. Regeneron’s stock was higher by 2% on Thursday. In a video posted Wednesday, Trump claimed that Regeneron’s experimental antibody treatment for Covid-19, which the president received for his illness, was “a cure.”
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM said it would spin off the managed infrastructure services unit of its global technology services division into a separate public company, to allow it to focus on its hybrid cloud growth strategy. The spin-off will be accomplished through a
Twitter (NYSE:TWTR) went public almost seven years ago. After the first day of trading back in 2013, Twitter stock closed just shy of $45. As I write this, it’s trading a bit below $46. Source: Worawee Meepian / Shutterstock.com Of course, TWTR had a ride to get back basically to breakeven. The stock looked like
After Tuesday’s volatile finish, stocks got off to a hot start on Wednesday and continued to plow higher. That said, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: DraftKings (DKNG) DraftKings (NASDAQ:DKNG) was on fire for a while, rallying from $35 in early September to almost
Bonds are often considered to be plain and boring when compared to equities. This may be the case, but bonds can provide a level of stability that equities, due to their volatility, generally can’t match. This is especially true of bond funds, which can provide a safe and stable source of income as well as
Fitbit (NYSE:FIT) stock is up 89% over the last 12 months (LTM) but up only 5.3% year-to-date. That is an indication that investors are growing tired of the company’s losses and zero profit outlook. Most investors will not put all their fitness technology eggs in this basket. Source: Eric Broder Van Dyke / Shutterstock.com One
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
Traders wearing masks on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A fiscal stimulus package is the one thing that could put the stock market on an upward trajectory into the election, but some strategists say the odds of that happening are still rather low. President Donald Trump, within hours
In 2020, the stock market crashed on fears that the Covid-19 pandemic was a “world-ender.” Then markets rebounded sharply as those fears proved overstated. Most stocks today trade at or near their pre-Covid levels. But not Alteryx (NASDAQ:AYX), as AYX stock has taken investors on a ride this year. Source: Shutterstock The data analytics provider
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