In this article RAD Rite Aid CEO Heyward Donigan told CNBC on Thursday she’s “cautiously optimistic” the U.S. would avoid another round of strict Covid restrictions despite the presence of the delta variant. “We all hope that enough people get vaccinated that we don’t have the variant become so significant that our markets shut down again,” Donigan
Month: June 2021
In this article JPM WFC GS BAC NKE FDX The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell: Nike —Shares of the shoe giant popped about 5% in extended trading
So far, if you want to wager on the future of solid-state electric-vehicle (EV) batteries, you have few options, and QuantumScape (NYSE:QS) is one of them. Indeed, with plenty of trading volume and press coverage, QS stock has been an obvious choice. Source: Michael Vi/Shutterstock.com On May 21, I offered a hearty recommendation to folks interested
Who says you can’t teach an old dog new tricks? Certainly not General Motors (NYSE:GM), Ford (NYSE:F), nor Volkswagen (OTCMKTS:VWAGY). After years of getting their butts kicked by Tesla (NASDAQ:TSLA), these “old dogs” of the auto world are learning the “new tricks” of electric vehicles, and each are going all-in with EVs. This is a
Speculation is running rampant in the market, and while the future isn’t certain, chances are the phenomenon will end. It really comes down to the scarcity argument. If everyone’s bidding up real estate and cryptocurrencies, for instance, very few resources are left to support equities. That’s why investors ought to consider safer investments like dividend
The party’s over once again for Clover Health (NASDAQ:CLOV) stock. A few months back, the insurtech company, and former SPAC (special purpose acquisition company), was a popular health care-related “story stock.” Source: Shutterstock News of a Department of Justice (DOJ) investigation fueled a big change in investor’s opinions about it. But starting in the spring,
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker’s shares surged 8.7% in the premarket after Lilly’s Alzheimer’s treatment received “breakthrough therapy” designation from the Food and Drug Administration. The designation means the treatment may show substantial improvement over existing therapies and qualifying it for expedited
Meme stocks are among the hottest topics on Wall Street. As a result, such shares have seen a significant surge in trading activity, often fueled by social media platforms like Reddit and Twitter (NYSE:TWTR). And because the prices of meme stocks tend to skyrocket in a matter of sessions, the mouthwatering returns seem to attract more and more
It’s in an investor’s DNA to always be searching for the next big, big thing on Wall Street. But that doesn’t mean investors have to look far if that search begins with Nvidia (NASDAQ:NVDA) stock. Source: michelmond / Shutterstock.com Today, let’s look at what NVDA stock has to offer investors both off and on the
The 21st century has seen China assume an increasingly large position in global finance. In fact, the biggest four banks in the world (by asset size) are Chinese, according to the 2021 annual rankings by S&P Global Market Intelligence: the Industrial & Commercial Bank of China, the China Construction Bank, the Bank of China and
Traders on the NYSE, May 3, 2021. Source: NYSE Can you make an exchange-traded fund out of activist investing? Earlier this month, Engine No. 1 came out of nowhere and won three board seats at Exxon Mobil after a six-month proxy fight. The company wants Exxon needed to significantly reduce emissions and move toward a
In this article CXM BYND SCS Source: Beyond Meat Check out the companies making headlines after the bell: Beyond Meat — Shares of the plant-based meat company dipped 1.3% in extended trading after JPMorgan reported that Dunkin’ recently discontinued the Beyond Sausage breakfast sandwich. “We personally enjoyed the Beyond Sausage sandwich at Dunkin’ and thought
The results of soon to be released earnings reports for the major record labels loom. Some investors expect the share prices of these major music stocks — Warner Music Group (NASDAQ:WMG); Sony Music Entertainment, a part of Sony Corp (NYSE:SONY); and Universal Music Group, a part of Vivendi (OTCMKTS:VIVHY), which together dominate the recorded music
Despite major indices appearing stretched, it’s readily apparent that investors are still eager to speculate. And naturally, it’s tempting to join in on the fun. But while I won’t actively discourage anyone from gambling, right now blue-chip stocks look far better than meme stocks, particularly those overlooked names. Let’s start off with the basic reason
Lordstown Motors (NASDAQ:RIDE) stock is becoming a cautionary tale for many investors in electric vehicle (EV) stocks. Source: Postmodern Studio / Shutterstock.com RIDE stock is down almost 50% in 2021. And that was the case before the company announced that its “backlog” of pre-orders do not represent binding commitment. That announcement came on the heels of top
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
Gary Gensler Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler is fleshing out his thoughts on climate risk and human capital disclosure. The SEC recently concluded a public comment period on expanding corporate climate disclosures. It has also launched a climate and ESG enforcement task force. In a speech
Take a look at some of the biggest movers in the premarket: GlaxoSmithKline (GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company. MicroStrategy (MSTR) – MicroStrategy rallied
Although one of the more popular trading opportunities over the trailing year thanks to rampant market speculation and chatter on social media, Ideanomics (NASDAQ:IDEX) has a sentiment-based Achilles’ heel: the trailing five-year chart of IDEX stock. Source: Shutterstock Jumping from one extreme and careening toward another, Ideanomics is not what any financial advisor would call
Back in September 2011, Reed Hastings was soaking in a hot tub with a friend in Santa Cruz. He was supposed to be celebrating the huge success that his DVD rental business, Netflix, had become. After all, at the time, Netflix had 14 million people across the country paying for its DVD-by-mail service. By any
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