Even as the novel coronavirus shook the financial services industry, Wells Fargo (NYSE:WFC) watched its market fortunes plummet like a bank vault dropped from a bomber. WFC stock lost almost half its value between late February and late March, a trajectory mirrored throughout the banking sector. Source: Martina Badini / Shutterstock.com But if you think
Month: November 2020
Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – AstraZeneca is likely to run a new global trial of its Covid-19 vaccine candidate, according to CEO Pascal Soriot. He told Bloomberg News that the drugmaker may launch a fresh study testing the vaccine at a lower dosage, rather than
As the race to dominate meat substitutes heats up, plant-based stocks are becoming an investor favorite. There are a couple of reasons for this increasing interest in plant-based meat. One, demand for meat and dairy substitutes is on the rise due to increasing health concerns over animal welfare and the environment. Second, the novel coronavirus
Is Salesforce (NYSE:CRM) buying Slack (NYSE:WORK)? Turns out, that is a question that many investors want answers to on Wednesday. After a Wall Street Journal report broke, rumor has it that may be true. But what would it mean for WORK stock? And what do we actually know now? Source: Sundry Photography / Shutterstock.com With
Sundial Growers (NASDAQ:SNDL) is a Canadian cannabis company that is fast running out of cash unless sales and cash flow turn around soon. SNDL stock is a penny stock listed on NASDAQ with lots of risks. Serious investors should avoid this stock like the plague. Source: Shutterstock You can see the problems that Sundial is
Traders work the floor of the New York Stock Exchange. NYSE Stocks next week will come off one of their best months ever into a busy week of economic data and the ongoing tensions between the spreading virus and positive news on vaccines and treatments. Another highlight of the week is expected to be Tuesday’s
Canadian stocks will be getting a boost on the news that Joe Biden is the United States’ President-elect. U.S.-Canada relations have been strained during Trump’s term as U.S. President. That much is clear. The U.S. and Canada share a long border, many cultural values and many of the same views in general. Yet, it would
I hope you and yours had a happy and healthy Thanksgiving. Source: Shutterstock I know it was different and even difficult for a lot of folks this year, but I do hope you have been able to find things in your life for which you are thankful. I am thankful for many things … especially
Rules for Roth IRAs You can contribute to a traditional individual retirement account (IRA) no matter how high your income. There are income limits, though, for contributing to Roth IRA accounts. Money saved in Roth retirement accounts is post-tax income. That is, income taxes are owed for the year in which the money is paid
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Check out the companies making headlines in midday trading. Moderna — The drugmaker’s stock jumped 11% after AstraZeneca’s CEO said the
Right before we rang in 2020, Novavax (NASDAQ:NVAX) found its equity units trading for just under $4. Fast-forward a few months into the novel coronavirus pandemic and NVAX stock was screaming toward the $200 level. Source: Ascannio/Shutterstock.com Of course, it didn’t quite get there. However, if you had gambled on shares at the beginning of
Johnson & Johnson (NYSE:JNJ) is one of America’s most well-known brands, and it also has the largest market capitalization of any healthcare company in the U.S. But is JNJ stock a buy today? Source: Alexander Tolstykh / Shutterstock.com In fact, the 134-year-old company still has quite a bit going for it. It is broadly diversified,
There has been quite a shift in the energy markets, even before the pandemic turned the world upside down. As such, there are plenty of reasons to avoid energy stocks that just aren’t what they used to be. In 2019, oil hit nearly $63 a barrel. But it had been on a long downward trend
After ripping past $25 per share without skipping a beat, could Switchback Energy (NYSE:SBE) stock soar up to $50 per share? Given the extreme enthusiasm behind this name, it’s possible in the near-term. Source: Michael Vi / Shutterstock.com This SPAC (blank-check company) is just weeks away from completing its merger with EV infrastructure company ChargePoint.
After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of these vaccine winners on any weakness, although when it comes to retail, I just say
Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial average’s rally through 30,000 could draw in sidelined cash and broaden market leadership, as investors bet on financials and other underperformers in addition to technology shares. The Dow rode to 30,000 from 20,000 with a big lift from technology.
Boeing (NYSE:BA) received good news on Nov. 18 from the Federal Aviation Administration (FAA). And this update has provided a recent jump in Boeing stock. Source: Alex JW Robinson / Shutterstock.com Subject to final approval the FAA published an Airworthiness Directive that paves the way for the 737 Max jetliner to return to commercial service. That
If this month’s earth-shattering vaccine news from Pfizer (NYSE:PFE) has you thinking about buying the stock because it’s destined for monster gains – think again. PFE stock is not a growth play. Source: Manuel Esteban / Shutterstock.com It’s a cash-flow vehicle. But don’t take my word for it. Let the market be your guide. The
Perhaps the most powerful representation of the novel coronavirus pandemic’s destructiveness came from the oil market. Earlier this year, prices for barrels of crude dipped into negative territory – it made more sense to pay not to take delivery, which of course made no sense at all. Therefore, it’s no surprise that Exxon Mobil (NYSE:XOM)
NextEra Energy (NYSE:NEE) is clearly on a warpath to acquire or merge with another utility as news emerged recently about a recent bid. If successful, one effect this will have will be to justify the high valuation of NEE stock. Source: madamF / Shutterstock.com Investors should take note of this situation, as I pointed out
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