Sales of cannabis have increased this year in light of the coronavirus pandemic but Sundial Growers (NASDAQ:SNDL) continues to face numerous challenges. Sundial Growers stock had a series of problems this year, the most recent one being a possible reverse split. Source: Shutterstock While stock splits are usually great for a company’s bottom line, a
Month: December 2020
Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than 78% over the latter stretch. Shares of this and other cybersecurity firms have been rising,
Digital payments processor PayPal (NASDAQ:PYPL) is a well-known name among merchants and customers alike. It’s also quite familiar to market traders as PayPal stock has rocketed higher in 2020. Value-focused investors might balk at the idea of buying PayPal stock after its incredible run-up. However, the company’s strategic moves indicate that there could be more gains
In a year filled with amazing revelations, Wall Street managed to steal some of the spotlight. Specifically, 2020 saw the rise in popularity of special-purpose acquisition companies (SPACs). These corporations look for budding opportunities. In the process, they bring private companies to Wall Street without the hassle of an IPO (more on that later). This
With its monopolistic position in the region e-commerce giant Jumia Technologies (NYSE:JMIA) is often referred to as the Amazon (NASDAQ:AMZN) of Africa. Jumia stock has seen a spectacular rise as a result. Source: Christopher Penler / Shutterstock.com When it first launched in 2012, its goal was to cement its position as the leading e-commerce player
With all the recent talk about impending Congressional action on an end-of-year coronavirus relief package, you would be forgiven for losing sight of what’s at stake if that legislation isn’t passed. As of Dec. 31, 2020. programs that provide the following COVID-related relief will end: Extra unemployment benefits of $300 per week Extended weeks of
Traders work on the floor of the New York Stock Exchange. NYSE At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace. January is the month that Wall Street tradition says sets the tone for the year — “so goes January, so
The past two months have brought relief and recovery to airline stocks. Boeing (NYSE:BA) has been bid up alongside the industry allowing Boeing stock bulls to establish a foothold. Source: Alex JW Robinson / Shutterstock.com With the turnaround, the price trend has improved dramatically and looks healthier than at any point in 2020. Today we’re
After its recent IPO, you can say DoorDash (NYSE:DASH) stock is turning into a case of Main Street bulls versus Wall Street bears. That is to say, many may be interested in buying the food delivery company’s shares, given its novel coronavirus tailwinds. Source: Sundry Photography / Shutterstock.com But citing valuation concerns, some investing professionals
Hyliion (NYSE:HYLN) has lost a great deal of value in recent weeks, as the shares have started to reflect the fundamentals of the electrified powertrain provider. Source: Alexandru Nika / Shutterstock.com However, Barclays recently initiated coverage of Hyliion stock with an “overweight” rating and a $20 price target. That may seem conservative, considering the stock’s
Supporters listen as Democratic U.S. Senate candidate Jon Ossoff speaks at a news conference in Grant Park after the election in Atlanta, Georgia, U.S. November 6, 2020. Dustin Chambers | Reuters Wall Street and Washington are operating, these days, on the assumption that Republicans will retain control of the Senate after at least one Republican
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a tough
The shares of major cannabis stocks have been rising after Joe Biden won the presidential election. It’s generally believed that the president-elect will loosen cannabis regulations, paving the way for the drug to be legalized, both for recreational and medicinal purposes, in more states. It’s against this backdrop that Hexo (NYSE:HEXO) stock shot up after
By now, most investors are probably inundated with information regarding special purpose acquisition companies or SPACs for short. I’ve mentioned this before and I’ll mention it again: I’m tired of writing about them. But Hennessy Capital Acquisition Corp IV (NASDAQ:HCAC), which is scheduled to merge with electric vehicle firm Canoo, is worth examining. Yeah, HCAC
Watching movies on the big screen is now a thing of the past and AMC Entertainment Holdings (NYSE:AMC), the largest theater chain in the world, is feeling the heat. The coronavirus pandemic has decimated the theater experience as digital streaming platforms find a new wave of success. AMC stock is now forced to raise nearly
Key Takeaways If you’ve sold your investments due to market ups and downs, reinvesting can help get your plan back on track. Staying disciplined with your saving and investing is key to helping account balances recover and achieving long-term goals. A financial plan is helpful when everything is booming, but it’s critical in economic downturns.
CNBC’s Jim Cramer said Monday that investors should not overreact to the new strain of Covid-19 in the United Kingdom, criticizing that country’s response to the pandemic and pointing to positive news about U.S. companies as a reason for optimism. “I am not willing to give up on this market because of a 70% number
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer and the government struck a deal for the drugmaker and partner BioNTech (BNTX) to provide 100 million more doses of its Covid-19 vaccine, increasing the total that Pfizer has agreed to provide to 200 million. The extra 100 million
Two days before Christmas 2020 — when many investors and traders were looking to just relax and prep for the holidays — fleet electrification company XL Fleet (NYSE:XL) took Wall Street by storm, with XL stock soaring as much as 80% in a single day on the back of a confluence of good news. Source:
Too often, the burgeoning technology sector gets a bad rap for its disruptive tendencies. Most commonly, we hear tales of e-commerce firms displacing brick-and-mortar businesses. Typically, we don’t hear the other side of the coin, where companies like PayPal (NASDAQ:PYPL) leverage their innovative platforms for the greater good. This is one of the key, underappreciated
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