Rocket Companies (NYSE:RKT) wants to be known as a fintech company. That’s why it recently spent $1.3 billion buying Truebill, a personal finance app. But RKT stock financials don’t read like those of a fintech. Source: Lori Butcher / Shutterstock.com Even when the company beats estimates, as they did in the third quarter, this is
Month: December 2021
Today, they offer some of the best tax advantages of any retirement account. The fear exists, however, that Roth IRA withdrawals might somehow be taxed in the future. The U.S. government’s budget deficit problems began stoking the flames back in the early 2010s. More recently, the tax reform legislation of 2018, which decimated many itemized
In this article GDDY Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in shares of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest
In this article APA GDDY AAL AEO RL GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it,
When Rivian (NASDAQ:RIVN) posted only $1 million in revenue recently, it showed quarterly results that potentially hurt Ford (NYSE:F). Unable to sell RIVN at its $179 high, Ford will lose some of the windfalls. Basically, the near-term downtrend in Rivian is also bad news for F stock. But the drag is due to more than
StoneCo Ltd. (NASDAQ:STNE) is a Cayman Islands-based financial technology solutions company operating in Brazil. STNE stock began trading in 2018 with an initial public offering price of $24, raising then $1.22 billion in total proceeds. Source: Shutterstock This has been a dramatic year for STNE stock, having lost nearly 80% in value since Jan. 1.
After a sharp move lower, Matterport (NASDAQ:MTTR) stock is bouncing back. “Meta madness” sent it zooming higher in November. But with the omicron and Federal Reserve fueled growth stock selloff earlier this month, investors bailed on this spatial data platform operator. Source: Matterport Trading for as much as $37.60 on Dec. 1, it fell to as
In this article DIDI CAR MRNA CI GDDY AAPL Check out the companies making headlines before the bell: Airline stocks – The major carriers saw their shares fall in the premarket after a surge in weekend cancellations due to staffing issues. United Airlines (UAL) slid 1.8%, American Airlines (AAL) fell 1.4%, Delta Air Lines (DAL)
The critics of Bionano (NASDAQ:BNGO) stock are ignoring and/or severely underestimating developments involving its DNA mapping tool, Saphyr. Source: Natali_ Mis/ShutterStock.com Specifically, there is overwhelming evidence that – driven by positive clinical data, improvements in Saphyr, and continued progress towards reimbursements – the demand for the product should soar over the long-term. Although the large
Rivian (NASDAQ:RIVN) recently reported its first earnings report as a public company. The results disappointed Wall Street, and RIVN stock fell. It gained some of those losses back, but still trades at about half of its recent highs. Source: Michael Vi / Shutterstock Many investors (including myself) questioning the stock’s valuation. To be fair, many
At one point, Skillz (NYSE:SKLZ) stock was supposed to be the hot new thing in the online gaming industry. By letting players compete for real cash prizes, it would bridge the gap between gambling and e-sports. Or that was the idea, anyway. Source: NYCStock / Shutterstock.com Skillz stock hit $46 at one point early in
Profit margins are perhaps one of the simplest and most widely used financial ratios in corporate finance. A company’s profit is calculated at three levels on its income statement, starting with the most basic—gross profit—and building up to the most comprehensive: net profit. Between these two lies operating profit. All three have corresponding profit margins
Nike (NYSE:NKE) stock had a consistent pattern in 2021. It jumps on earnings. Source: mimohe / Shutterstock.com NKE stock did it again Dec. 20, after the company reported its second fiscal quarter of 2022. Net income was $1.3 billion, 83 cents per share fully diluted, on revenue of $11.4 billion. In response the share price
Months after the special purpose acquisition company (SPAC) bubble burst, investors are still shying away from these assets. We’ve seen this play out with both SPAC stocks that have “de-SPACed” and companies with deals still pending. Granted, among de-SPACed names, some are still up big from their initial offering price (typically $10 per share.) For
What good is a car without a gas station? Source: Virrage Images / Shutterstock.com Not much good at all. In fact, a car is pretty much useless as a means of transportation, unless it has fuel. Fuel comes from gas stations. No gas stations. No usable cars. By that same token, what good is an
EV charging company ChargePoint’s (NASDAQ:CHPT) revenue grew rapidly again last quarter. However, the market hasn’t paid much attention to that, and CHPT stock has lost over 28% of its value in the past month. Source: Michael Vi / Shutterstock.com The company wants investors to believe that it’s a software-as-a-service (SaaS) company, but the margins and
New Mexico-headquartered Virgin Galactic (NYSE:SPCE) was famously founded by billionaire Richard Branson with a vision of taking people who aren’t necessarily professional astronauts into space. It’s an intriguing business model — one you’ll need to believe in if you plan to hold SPCE stock for the long term. Source: Christopher Penler / Shutterstock.com So far, it
If you’ve been diligently saving for retirement through your employer’s 401(k) plan, you may be able to convert those savings into a Roth 401(k) and gain some added tax advantages. Key Takeaways Many companies have added a Roth option to their 401(k) plans. Traditional 401(k)s and Roth 401(k)s are taxed differently; traditional ones use pre-tax
2020 was an explosive year for growth stocks, as many saw several years worth of growth pulled forward into our new pandemic operating environment. It resulted in many stocks doubling, tripling, quadrupling or even more. Coming into 2021, many of these names were hitting new highs and investors were feeling empowered. This brazen attitude didn’t
Bakkt Holdings (NYSE:BKKT) stock has garnered recent attention primarily because it is a catchall for the digital economy. The world is eager to understand how to capitalize on what many see as a revolution in digital assets. Source: Shutterstock The firm operates a regulated platform allowing consumers to store “digital assets, access liquidity and trade,
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