COVID-19 may be hogging the headlines with the holiday season just around the corner, but the stock market continues trading within reach of record levels. Once again, tech stocks and small caps are outperforming. Source: Shutterstock Today’s Friday edition of MoneyLine is all about showing you what’s going on using charts. And bonus — you
Stock Market
If we look closely enough, we may be able to see a light at the end of the COVID-19 tunnel. Source: Shutterstock Ever since the United States began to shut down in March, the greatest hope for a return to normalcy has been an effective vaccine. The news was spectacular this week. Pfizer (NYSE:PFE) and
Transportation, and especially airplanes and cars, took center stage this week as investors pondered some very good news emerging for the sector. Source: Chompoo Suriyo / Shutterstock.com Shares of electric car maker Tesla (NASDAQ:TSLA) hit a new high yesterday and have gained over 23% since Monday’s announcement that the stock will now trade on the S&P
As we mentioned last week, the market is performing well. There are even signs that the rally is broad enough to avoid a short-term decline. However, because the underlying fundamentals are still weak — and taking into account recent news about slowing retail sales — we should set expectations for a flat channel after this
Like you, I’ve been run ragged with all the negative news this year. Source: Shutterstock Together, the country faced the pandemic and the record bear market followed by the record bull … and we finished the year with a contentious election. But last night was a very special positive development! That’s when thousands of people tuned in
Walgreens Boots Alliance (NASDAQ:WBA) CFO James Kehoe played down the impact of Amazon’s (NASDAQ:AMZN) newly launched online pharmacy service at the Wolfe Healthcare Conference, Bloomberg reported. Source: saaton / Shutterstock.com Kehoe noted that Amazon’s service is currently mail-only, which accounts for about 10% of prescriptions filled in the US, Kehoe said, adding that people remain
On June 1, DraftKings (NASDAQ:DKNG) closed at $43.70. This Monday, DraftKings stock closed about 2% lower. Source: Lori Butcher / Shutterstock.com That trading is somewhat interesting given what’s transpired over those five and a half months. Pretty much everything has gone right for DraftKings. The external environment has steadily improved. And yet, DraftKings stock has
There are investors who believe that quarterly earnings reports get too much attention. Some even believe the reports should be done away with. Indeed, no less an authority than Warren Buffett has highlighted the dangerous incentives quarterly reports provide corporate managers. Meanwhile, it doesn’t take long in the market to question the logic of stocks
2020 will be remembered as the year of many things, most of which we’d probably just as soon forget. Source: Shutterstock But from an investing standpoint, we may well look back on 2020 as the year of the SPAC. We’ve talked about SPACs before. It’s an acronym for Special Purpose Acquisition Company, which is a
Well, that is a wrap! Thank you so much for joining InvestorPlace as we covered the Nio (NYSE:NIO) third-quarter earnings call in real time. After the Chinese electric vehicle leader reported record deliveries and estimate-beating revenue, there is a lot to watch. Importantly, NIO stock is likely to remain hot in the coming weeks and
For months, electric vehicle (EV) investors have eagerly anticipated the special acquisition company (SPAC) listing of Fisker (NYSE:FSR), a clean-auto company founded by famed car designer Henrik Fisker. Now those investors have been well-rewarded — FSR stock has already risen over 65% since its went public on Oct. 30. Source: Eric Broder Van Dyke /
Workhorse (NASDAQ:WKHS) is taking a beating as of late. Down more than 30% since its mid-September high point, WKHS stock is currently trading at about $20 per share. That’s downright cheap for an electric vehicle (EV) stock these days. Source: Photo from WorkHorse.com Unfortunately for Workhorse, production delays related to its battery supplier and an
I will start with the conclusion, then work backwards into it. Investors can own Southwest (NYSE:LUV) stock for the long haul recovery. Shorter term, I would prefer to buy it on the dip towards $40. Last week’s Pfizer (NYSE:PFE) headline spike placed resistance above, so it will be a slog for a few weeks. Case
When I last wrote about Sorrento Therapeutics (NASDAQ:SRNE) in early October, it was trading around $11.20, well down from its all-time high of $19.39, still up significantly from where it started the year. Source: Shutterstock At the time, I suggested that Sorrento was a better buy in the single digits. Now trading around $6 as
In the spring, British multinational oil and gas giant BP PLC (NYSE:BP) was teetering. Walloped by an oil price war, slammed by a precipitous drop in demand thanks to the novel coronavirus pandemic, then caught up in a stock market crash, BP stock fell off a cliff. Source: JuliusKielaitis / Shutterstock.com After a brief post-crash
Animal lovers, unite! Zomedica Pharmaceuticals (NYSEMKT:ZOM), an under-the-radar play on the pet care space, is having an impressive time in the stock market today. In fact, one big catalyst has ZOM stock up more than 20% today. Source: Shutterstock So what exactly is Zomedica Pharmaceuticals? And what is that big catalyst? Starting with the first
Some folks won’t be old enough to recall a time when Kodak (NYSE:KODK) was known for selling non-digital cameras. In 2020, the year of the novel coronavirus pandemic, the company is radically different, and traders think of Kodak stock as a “coronavirus stock.” Source: Katherine Welles / Shutterstock.com When a company has been entrenched in one
It was a quiet day in the stock market, despite the S&P 500 rallying more than 1%. Investors are still waiting for tech to regain its footing and find some momentum. Let’s look at a few top stock trades ahead of next week. Top Stock Trades for Tomorrow No. 1: Nio (NIO) Nio (NASDAQ:NIO) has
This has been one of the craziest weeks I can remember in more than 20 years. Source: Shutterstock I already told you how Monday was one of the strangest trading days I’ve ever experienced. And while the rest of the week wasn’t quite as wacky, it was certainly different. One theme was a rotation out
Amazon (NASDAQ:AMZN) is in the process of becoming Walmart (NYSE:WMT). But no one interested in AMZN stock is asking whether it should. Source: Mike Mareen / Shutterstock.com The “whisper number” on Amazon’s December quarter sales is $112.5 billion. That’s still almost $20 billion short of what Walmart should do for the quarter ending in October. But