An engineer working at a power plant Witthaya Prasongsin | Moment | Getty Images Oil prices could temporarily spike to $80 per barrel or more this summer as demand comes roaring back. The reopening economy has already sent crude up about 40% since the start of the year, but a surge in driving by Americans,
Month: June 2021
Once left for dead, Precipio Inc. (NASDAQ:PRPO) has shown big signs of life. Source: iStockphoto Since bottoming out at 58 cents in April 2020, the PRPO stock is now up to $3.71. From here, I’d like to see the stock test a prior high of about $9.20, especially with its rapid coronavirus test for sale
Merck (NYSE:MRK) plans on spinning off to its shareholders the shares of Organon & Co., a separate company that will trade on the NYSE. The new ticker symbol will be “OGN.” And there is every likelihood that OGN stock will do extremely well. Source: Atmosphere1 / Shutterstock.com The stock is already trading as of May
At this point, I must be sounding like a broken record. At the time of writing this piece, AMC (NYSE:AMC) stock has consistently added more than $1 billion in each of the last three sessions. Source: Helen89 / Shutterstock.com Individual investors eager to save the movie theater industry are rallying behind the embattled movie theatre
Traders on the New York Stock Exchange Source: NYSE Stocks are likely to reach new highs in June, but the extent of the market’s gains depend on how much a threat inflation becomes and whether it will prompt the Federal Reserve to discuss tightening policy. June is historically a weak month for stocks, when looking
It isn’t too late to ride AMC (NYSE:AMC) stock’s massive wave with the rest of the crowd, but you should be prepared to get out of AMC stock before the hype dies. Source: Helen89 / Shutterstock.com Social momentum trading is here to stay. Individual meme stocks may come and go, but we don’t see “meme
Digital banking firm SoFi Technologies (NASDAQ:SOFI) completed its SPAC merger with Social Capital Hedosophia Corp today, meaning that SoFi — which formerly traded under the ticker symbol ‘IPOE’ — is now officially a public company trading on the Nasdaq under the symbol “SOFI.” Wall Street cheered the news, and sent SOFI stock up more than
Dividend stocks are companies that pay out a portion of their earnings to a class of shareholders on a regular basis. These companies usually are well established, with stable earnings and a long track record of distributing some of those earnings back to shareholders. The distributions are known as dividends and may be paid out
Just because the business of AMC Entertainment (NYSE:AMC) remains fundamentally unchanged doesn’t mean that AMC stock should stagnate. That much was proven to be true on May 28, when the “meme stock” rocketed upward again, reaching a high of $36.72. Source: rblfmr / Shutterstock.com However, this particular run up in AMC stock was fundamentally different
In this article KODK Workers at the KODAK billboard at Times Square, March 2004. Avalon | Hulton Archive | Getty Images The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading. The petition, filed with the New York County State
In this article .CRBQX HPE Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell
It’s holding steady now, but Zomedica (NYSEAMERICAN:ZOM) stock could be on the verge of pulling back to a favorable entry point. Earlier this year, the pet healthcare play, known for its Truforma testing platform, was one of the hottest stocks among speculators on Reddit. But the bulk of these fair-weather investors are long gone. Source:
Veterinary health company Zomedica (NYSEAMERICAN:ZOM) enjoyed a surge of interest after the onset of the Covid-19 pandemic. Apparently, the demand for pet care came into focus and with that, ZOM stock spiked to short-terms highs. Source: Postmodern Studio / Shutterstock.com The share price catapulted far above the crucial $1 level, but then retraced back below that
Master Limited Partnerships, or MLPs, are well-known for their high distribution yields, which makes them popular among income investors. The vast majority of MLPs belong to the energy sector, with most operating in oil and gas exploration & production (upstream) or transportation & storage (midstream). However, there are some investors who may not want to
Carnival (NYSE:CCL) stock is up 36% this year, showing some signs of life. But Carnival is still a very risky company that’s operating in a very risky industry. Source: Ruth Peterkin / Shutterstock.com In an effort to squeeze out a few months of sailing during the traditional summer season, cruise lines are rolling out their
On the surface, Asensus Surgical (NYSEAMERICAN:ASXC) stock looks like just another sputtering SPAC. Source: Dmytro Zinkevych / Shutterstock.com But it’s not a SPAC. This company came public as TransEnterix back in 2014. It raised $52 million for a robotic surgery system then called SurgiBot. This was a hot stock in 2018, rising as high as
One of the key plays right now in the market is the so-called “re-opening” stocks. A lot of the stocks hated by investors last year due to the pandemic have now become compelling investment opportunities. One such company is Carnival (NYSE:CCL). The company has seen a remarkable recovery in its stock from the lows of
An information cascade occurs when a person makes a decision based solely on the decisions of other people, while ignoring their own personal knowledge to the contrary. It’s a theory used in the field of behavioral economics and has important implications for financial markets. Recognizing and avoiding this behavior can help people make better financial
Virgin Galactic (NYSE:SPCE) stock has had a wild year thus far. But, of course wild swings are to be expected, especially considering SPCE stock operates in the space exploration industry. Source: rafapress / Shutterstock.com This industry has never been hotter, thanks to billionaires who’ve zeroed in on it as another high-growth sector. Richard Branson, Elon Musk