Black Friday is the name given to the first day after Thanksgiving. It is one of the most important retail and spending events in the United States. Every holiday season prognosticators make predictions about the level of sales on Black Friday, and investor confidence may be affected by whether or not those expectations are met or
Month: December 2020
Sorrento Therapeutics (NASDAQ:SRNE) stock fell sharply in late October. But, in recent weeks, shares in the biotech company and fading Covid-19 play have started to bounce back. Up more than 38.7% since Nov. 9, investor interest in SRNE stock is starting to pick up once again. Source: Shutterstock So, should you hop on the bandwagon?
Data suggests that a person is more likely to be hit by lightning than catch Covid-19 in an aircraft. For people looking to travel during the holiday season, this data is indeed encouraging. Further, this is not the only good news for airline stocks. Anthony Fauci recently reached out with a message for those suffering
Everything was going just right for Nio (NYSE:NIO). Then, seemingly overnight the tables turned and NIO stock started falling. Now, shares are plunging once more without any major company news. So what do you need to know about NIO stock? And why is the beloved Chinese electric vehicle maker struggling? Source: Andy Feng / Shutterstock.com
One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with an increase in equities trading that shows no signs of letting up. Trading in equity
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on
FuelCell Energy (NASDAQ:FCEL) is really quite a puzzle. FCEL stock gained nearly fourfold from $2.00 at the end of October to $10.20 on Nov. 30. But nothing has happened that deserves that kind of spike. Source: Kaca Skokanova/Shutterstock FCEL in the first half of November was tracking along with Invesco WilderHill Clean Energy ETF (NYSEArca:PBW),
Investing in cheap stocks can seem fail-proof. And to be sure, the underlying logic is sound. Early investors should seek out equities that are fundamentally undervalued, and others will follow as the strength of said equities becomes more apparent. Then the underlying equity rises in price concurrently with demand and investors benefit via price appreciation.
Sit back, grab some popcorn and pay attention to the news coming out of the entertainment world. Investors who did that today likely noticed a major downward move in AMC Entertainment (NYSE:AMC) and its movie theater peers. Unfortunately for AMC stock, Thursday did not bring a happy ending. Instead, shares closed lower by nearly 16%
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: DocuSign — Shares of DocuSign popped more than 6% after the electronic-documents company posted better-than-expected
Have you ever heard coworkers talking around the water cooler about a hot tip on a bond? No, we didn’t think so. Tracking bonds can often be about as thrilling as watching the grass grow, whereas watching stocks can have some investors as excited as NFL fans during the Super Bowl. However, don’t let the
The Federal Reserve slashed interest rates back in March in protecting the economy from the crippling economic effects of Covid-19. Dividend stocks became doubly important for investors, with savings yields taking a battering. Thankfully, the pandemic-induced economic recession hasn’t affected dividend stocks as viciously as in the 2008 financial crisis did. For example, dividend payouts
In February 2019, a few months after a Lion Air 737-MAX crashed in Jakarta, killing 189, Boeing (NYSE:BA) stock peaked at about $440 per share. Now you can buy Boeing stock for nearly half the price, at about $240. Source: Marco Menezes / Shutterstock.com Through most of 2020, shares traded at less than $200. Boeing
The electric vehicle (EV) boom is accelerating, which means that electric vehicle stocks are soaring. In fact, over the past several weeks: Tesla (NASDAQ:TSLA) ran from $200 to $590 Nio (NYSE:NIO) ran from $10 to $57 Li Auto (NASDAQ:LI) ran from $15 to $47 Workhorse Group (NASDAQ:WKHS) ran from $4 to $29 Nikola Corp. (NASDAQ:NKLA)
A lot of time has passed since we last heard from Luckin Coffee (OTCMKTS:LKNCY) stock. After a scandal-ridden 2020, perhaps the company felt it best to keep a low profile. However, I don’t think that it’s a recipe for success for Luckin stock. Source: Keitma / Shutterstock.com People are hungry for news. In July, the company
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. Gerry Miller | CNBC Berkshire Hathaway said Thursday that it will hold its annual shareholder meeting, slated for May, virtually. “Unfortunately, we do not currently believe it will be safe at that time to hold a meeting with nearly 40,000 attendees as
Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to request emergency clearance from the Food and Drug Administration on Monday. S&P Global, IHS Markit —
There is no shortage of risks to ‘big bank’ plays like Wells Fargo (NYSE:WFC) stock. Yet in recent weeks investors have been willing to take on those risks. Source: Ken Wolter / Shutterstock.com WFC stock, in fact, has gained 32% in the last month. Other financials too have rallied nicely. To be fair, there is