When trading volumes surged to record levels, that may have signaled the end of Nio’s (NASDAQ:NIO) rally on the stock market. NIO stock peaked at $16.44 in early July, driven by three positive catalysts. Source: xiaorui / Shutterstock.com Strong monthly delivery numbers, China-based stocks trading at new highs, and hype on Tesla (NASDAQ:TSLA) gave Nio
Month: August 2020
Getty Images The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic. Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover. In this unprecedented
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo reported adjusted earnings of $1.50
For the most part, when big tech companies reported second quarter earnings this year, they smashed estimates and their stock prices responded favorably. Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) all followed that general trend. One noteworthy exception? Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). GOOGL stock hasn’t been climbing — it’s been falling. Source: BigTunaOnline/Shutterstock.com While Alphabet did top
Inovio Pharmaceuticals (NASDAQ:INO) is a hot stock to watch right now.The shares of INO stock are up more than 647% from a year earlier. Source: Ascannio / Shutterstock.com In some ways, that is surprising, given that the pharmaceutical company doesn’t currently have any products on the market. The stock jumped after Inovio entered the race
In Best Stock Charts This week we discuss the flash crash in Bitcoin this weekend. We review our stock market trades last week and then segue into our watch stocks for the new trading week. ✅Get Alerted 15 Minutes Prior To Going Live! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial –
Tonight Sunday Night Stock Market Live we will discuss the inverse correlation of Inflation vs. Gold, Silver, Bitcoin and answer this questions. Is inflation rising? And, should I buy gold, silver and commodities to protect and build wealth. Bob Desmond will use stock charts and technical analysis to discuss if this current bear market will
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Big tech could be about to make a big splash. Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday. Apple, Amazon, Alphabet and Facebook — worth
Be it the top-down or bottom-up approach to stock selection, it’s important to analyze as many stocks as possible. Finding hidden gems from different industries often means scouring the world of OTC stocks. Over-the-counter stocks, or OTC stocks, can be found on the Over the Counter Bulletin Board (OTCBB). There are quality names from which
Over the past few months, I’ve supported the comeback narrative of Carnival (NYSE:CCL) and the cruise ship industry. At some point, CCL stock will make for a tremendous discounted opportunity. At the same time, you must look at reality. That means you should wait out the storm before pulling the trigger on Carnival. Source: Ruth
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images The worst appears over for the economy, but the latest data casts doubt on how long it will take to recover and for the
Apple (NASDAQ:AAPL) stock popped in late July after the technology giant reported third-quarter numbers which breezed past estimates on the back of surprisingly strong iPhone demand amid the novel coronavirus pandemic. Source: View Apart / Shutterstock.com Also of note, Apple announced a 4-for-1 stock split for the end of August. Bulls will note that stock
As expected, General Electric’s (NYSE:GE) second-quarter earnings were dismal, sending GE stock lower by 4.35% on July 29, the day the report was delivered. Source: Sergey Kohl / Shutterstock.com The industrial conglomerate lost 15 cents a share in the June quarter though revenue of $17.75 billion beat Wall Street estimates of $17.12 billion. Although revenue
Shake Shack, one of the many storefront businesses boarded in downtown Brooklyn over the fears of looting. Erik McGregor | Getty Images Just looking at the earnings for Apple, Amazon, Facebook and Google, you might get the impression that everything is going swimmingly for second- and third-quarter earnings. But that’s not the case. “We continue to
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The market could lose some of its exuberance in the week ahead as the calendar turns to August, and
Pinterest (NYSE:PINS) stock popped after the company reported surprisingly strong second quarter numbers that smashed expectations. These results were accompanied by an even stronger guide, which implies that Pinterest will emerge from the novel coronavirus pandemic stronger than ever before. Source: Nopparat Khokthong / Shutterstock.com In the big picture, Pinterest’s strong earnings confirm that Pinterest
Spotify (NYSE:SPOT) stock dropped in late July after the global music streaming giant reported shaky second quarter earnings that missed expectations and included a weak guide for the rest of the year. Source: Kaspars Grinvalds / Shutterstock.com Zooming out, Spotify’s earnings broadly confirm that SPOT stock is overvalued at current levels. From a product, platform,
With four out of the five FAANG components reporting earnings on Thursday evening, we saw more than $5 trillion worth of market capitalization report in a single night and trade on those results on Friday. With that mind, let’s look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: