Stock Market

The stock market is consolidating today following its big rally on Monday, which saw the S&P 500 and Dow surge to new record highs on massive volume. As I said in Tuesday’s Market360, the rally was a “mean reversion” rally and a big shift out of growth and into value. Source: Michael Vi / Shutterstock.com The good

ElectraMeccanica (NASDAQ:SOLO) news for Thursday includes SOLO stock soaring higher after releasing its earnings report for the third quarter of 2020. This comes after reporting revenue of C$300 million for the quarter. Source: Luis War / Shutterstock.com Here are a few additional details worth noting from the most recent ElectraMeccanica stock news. The company’s revenue

From a bird’s-eye view, DraftKings (NASDAQ:DKNG) is a name that you’ll want to own for the long haul. With sports returning back to the forefront after the novel coronavirus initially disrupted major professional leagues, DKNG stock has clear upside ahead, and a growing consumer base to boot. Source: Lori Butcher/Shutterstock.com According to data from The

In the initial days of the Covid-19 pandemic, the stock of any company that initiated a vaccine or drug program went ballistic. With time, irrational exuberance has faded and stock prices are reflecting the reality. And I would count Sorrento Therapeutics (NASDAQ:SRNE) stock among the speculative names. At the beginning of fiscal year 2020, SRNE

Gimbels is long gone. J.C. Penney (OTCMKTS:JCPNQ) is bankrupt. Can Macy’s (NYSE:M) survive? It should, but it needs a little Christmas right now. In fact, M stock needs a lot of Christmas. Source: digitalreflections / Shutterstock.com For the first two quarters of its current fiscal year, Macy’s did close to $7 billion in business. That’s

Welcome to the stock market today! With novel coronavirus cases and hospitalizations rising, all attention is on the pandemic. However, there is some good news. Investors have received updates from Pfizer (NYSE:PFE), BioNTech (NASDAQ:BNTX) and Eli Lilly (NYSE:LLY). As today progresses, keep these treatments and others on your radar. Latest Updates:

U.S.-based electric vehicle (EV) stocks have cooled off in recent weeks. But nothing’s stopped the epic run of China-based EV play Nio (NYSE:NIO). I’ve long been skeptical about Nio stock, and I’ve been weary of the sentiment that it’s well on its way to becoming the “Tesla (NASDAQ:TSLA) of China.” Source: xiaorui / Shutterstock.com Yet,

Biotech companies involved in finding a vaccine or therapeutic for Covid-19 have been among the most popular, and volatile, stocks of 2020. Novavax (NASDAQ:NVAX) is no exception. NVAX stock is up near-2,000% in 2020. But that’s down nearly half from where it has been. Source: Ascannio/Shutterstock.com Novavax is one of the companies receiving funds from

Just one SPAC priced this past week in the wake of the US presidential election. Despite uncertain results, the IPO market bounced back from the previous week’s downturn, with the IPO Index gaining 12.5%. New filings trickled in, priming the pipeline for post-Thanksgiving IPO listings. The week’s sole pricing, Roman DBDR Tech Acquisition (DBDRU) raised

Investment Thesis After a negative price reaction after going public in July’20, Rackspace is currently significantly undervalued compared to its peers. COVID-19 has created secular tailwinds for the cloud services industry, and Rackspace is well-positioned to capture this demand. History Rackspace is a multicloud technology services company that was founded in 1998. Their technology platform

Thesis Summary We believe that clinical stage biopharma company CymaBay Therapeutics (NASDAQ:CBAY) holds a unique hypothesis for treatment of complex liver conditions, that insulates the company and provides grounds for additional, unexplored treatment avenues from their labels. The company has managed to secure several pipeline advancements this year, which has regained investor attention and market

Investment Thesis Lemonade (LMND) is a recent IPO, one that garnered quite a bit of attention: it is going public while still small and in its high growth phase. A case in point: management said its growth is bottlenecked by its marketing, for which it is seeing almost linear returns on dollars spent. The company

Roku (NASDAQ:ROKU) stock surged to all-time highs after the streaming device maker reported quarterly figures that absolutely crushed revenue and profit expectations. Source: Fozan Ns / Shutterstock.com Specifically, Roku topped revenue estimates by over 20% — growing revenues by a record-high 73% year-over-year — while reporting a sizable profit in the quarter (Wall Street was

Array Technologies (NASDAQ:ARRY) is a play on the solar sector, and that sector has moved higher over the past four years — despite President Donald Trump’s benign neglect. What’s more, it’s natural to believe that the likely Joe Biden administration will be friendlier to solar and other renewable energy sectors. But does that mean it’s

Turning on the television this week has likely made you want to run out and sell all your stocks. Or at least stay far away from investing. Source: Shutterstock But despite all the negative spin we’re hearing from the media … stocks rallied like crazy. And yet we still do not know who will lead

As we discussed last week — besides the fundamental economic issues the market is dealing with — the uncertainty around election day and Covid-19 have and will continue to contribute to increased volatility in the short term. Source: Shutterstock And unfortunately, all three of those issues remain unresolved after election day. Now, we understand these

Axon (NASDAQ:AAXN) stock popped to all time highs in early November after the law enforcement technology solutions provider reported blowout third quarter numbers which breezed past expectations and included a healthy fourth quarter guide. Source: Shutterstock Specifically, Axon’s revenues came in 10% above expectations — rising nearly 30% year-over-year — while earnings per share doubled

Shares of companies going public via a reverse-merger with a special purpose acquisition company (SPAC), such as Landcadia Holdings II (NASDAQ:LCA), have been hot in 2020. On Sept. 10, LCA stock hit an all-time high of $19.28. But the shares are now at $13. Source: rawf8/Shutterstock.com The initial run-up in price came after Landcadia announced in

When we spoke last, I’d said that a decisive presidential election was likely, which is what investors were anticipating, too. Stocks rallied strongly on Monday, with the Dow climbing more than 300 points. Well, as you may know, a decisive election outcome ended up not being the case, as folks are still counting ballots in

Signs continue to mount that JinkoSolar’s (NYSE:JKS) financial results are poised to greatly improve going forward, pushing JinkoSolar stock much higher. Source: Lutsenko_Oleksandr / Shutterstock.com Specifically, multiple major solar companies have reported strong  earnings numbers recently, while the EU and China remain on track to tremendously increase their use of solar energy. And, indicating that