By a vote of 69 to 30, including 19 Republicans and all 50 Democrats, the U.S. Senate passed a $1.2 trillion infrastructure package, known as the Infrastructure Investment and Jobs Act, on Tues., Aug. 10, 2021. Following passage, the proposed legislation was sent to the House of Representatives where further adjustments are expected. Should the
Month: November 2021
Key Takeaways Berkshire Hathaway beat analysts’ expectations on earnings and revenues but missed on operating earnings. Gains on its investment portfolio were down YOY, but operating earnings from all segments except insurance were up. Insurance posted a larger underwriting loss than in Q3 2020. Revenues increased YOY across business segments, reflecting the conglomerate’s broad exposure
As recently as late October, it seemed like Novavax (NASDAQ:NVAX) was becoming an “also ran” in the vaccine horse race. For weeks, investors were bailing out of NVAX stock on news of Merck’s (NYSE:MRK) antiviral Covid-19 pill plus reports of NVAX facing production headwinds. Source: Ascannio/Shutterstock.com But now, as positive news is starting to come out? It
Microsoft (NASDAQ:MSFT) stock once again represents the world’s most valuable company, ahead of Apple (NASDAQ:AAPL). Source: NYCStock / Shutterstock.com Some charge it’s also the most overvalued one. It’s not. At its current price of $336, Microsoft has a market cap of $2.5 trillion. More important, investors are paying 37.5x earnings for MSFT stock and taking
The buy now, pay later (BNPL) market is red-hot, and related stocks are reaping the benefits or doubling down. Affirm Holdings (NASDAQ:AFRM) exploded from $50 to over $160 since May. Paidy was just acquired by PayPal (NASDAQ:PYPL) for $2.7 billion. Afterpay was acquired by Square (NYSE:SQ) in a $29 billion deal. Even Amazon (NASDAQ:AMZN), Target (NYSE:TGT)
Although all eyes have been on the searing path that benchmark equity indices have blazed in 2021, initial public offerings (IPOs) have had their own impressive bull market. In fact, Reuters reported in mid-June that U.S. IPOs hit an annual record in less than six months. So if 2020 was the year of the novel
I first came in contact with Palantir (NYSE:PLTR) stock earlier this year and immediately knew it was something special. The underlying bullish thesis was clear, so I traded it successfully in the past few months. The easiest opportunities came when it fell in sympathy to other small-cap stocks. Source: Ascannio / Shutterstock.com The problem with
When I last wrote about QuantumScape (NYSE:QS) in late September, I argued that if you could afford to lose it all, QS stock at $23.50 was in the buy zone. As I write this, it’s up 33% in the past month, trading above $30 for the first time since late June. Source: Michael Vi /
As frequent InvestorPlace readers know, I’ve spent a lot of time covering the lidar space as part of my Behind the Wall series. As such, Microvision (NASDAQ:MVIS) — a key player in the world of lidar — has had a large role in my conversations about, and analyses of, lidar stocks. Source: temp-64GTX/Shutterstock.com So, when
If special purpose acquisition companies have jumped the shark, they may have done so with Digital World Acquisition (NASDAQ:DWAC). The so-called Trump special purpose acquisition company (SPAC), Digital World is the blank-check firm that will take the former president’s media firm Trump Media & Technology Group (TMTG) public. Undergirding DWAC stock is the much-eyeballed social
We highlight four ETFs that are benefitting from increasing adoption of automation & AI
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There’s still little reason for anyone to own shares of GameStop (NYSE:GME) stock. Sure, highly risk tolerant investors have and will likely continue to make quick returns from the equity. Source: Shutterstock / mundissima But at some point, the shares’ bottom is going to fall out. There will be a mass exodus from the stock,
Mortgage rates backed down Monday, building a yo-yo pattern over the past week-plus that sits a bit below recent highs, when averages came close to their most expensive levels of the calendar year. National Averages of Lenders’ Best Rates Loan Type Purchase Refinance 30-Year Fixed 3.23% 3.33% FHA 30-Year Fixed 3.08% 3.32% Jumbo 30-Year Fixed
In this article AMZN A rendering of ABL Space’s RS1 rocket launching Project Kuiper satellites for Amazon. Amazon Amazon aims to launch its first Project Kuiper internet satellites in the fourth quarter of 2022, the company announced on Monday. The technology giant filed a request with the Federal Communications Commission to launch and operate its
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer jumped 4% in the premarket after the drugmaker reported better-than-expected profit and revenue for the third quarter. Pfizer earned $1.34 per share, 25 cents a share above estimates. The company also issued an improved full-year forecast on strong demand
Water has become a multi-billion dollar industry, so water stocks offer a solid investment case for long-term investors. Analysts are even debating whether freshwater could replace oil to become the world’s most critical resource. As climate change leads to rising global temperatures, demand for freshwater is primed to grow along with an expanding global population
Everyone hates bailouts — until you need one, that is. Real-estate conglomerate China Evergrande (OTCMKTS:EGRNF) could certainly use some assistance right about now, as could investors in EGRNF stock. Source: hxdbzxy / Shutterstock.com The stock has lost much of its value over the past several years, down 84% in the last 12 months alone. Knowing this,
SmileDirectClub (NASDAQ:SDC) is an oral care company founded in 2014. Headquartered in Nashville, the company operates in the North America, Europe and Asia Pacific regions. Its primary offering is a clear aligner therapy treatment, but it also sells a variety of oral care products, such as whitening kits and gels, toothbrushes, toothpastes and water flossers. SDC
In this article TSLA CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months. “Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on