Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters Halfway through earnings season for the fourth quarter of 2019, and it’s been a tale of haves and have-nots. The haves include megacap tech names like Netflix, Intel, Microsoft,
Month: February 2020
Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters Tesla surged after bullish comments from investor Ron Baron helped send the stock to parabolic heights, similar to the type of trading in late-1990s tech stocks. The stock closed
Against big picture fundamentals, I consider Freeport-McMoRan (NYSE:FCX) a no-brainer. Not only that, I’m putting my money where my mouth is, picking up shares of Freeport-McMoRan stock. Source: MICHAEL A JACKSON FILMS / Shutterstock.com I intend to steadily add to my position should volatility further discount the equity price. But while I’m optimistic about the
When growth is going, people look askance at utilities. They’re boring. They aren’t big growers. They’re reliable. I remember when the dot-com boom was near its height, there were plenty of brokers and financial talking heads saying growth was the new income. Ditch your boring utilities and total return stocks and get into the growth.
All things considered, Americans are a forgiving bunch. Either that, or they’re too apathetic to hold a grudge for long. Whether it’s a food-poisoning crisis at a popular eatery or a severe data breach, most folks seem willing to accept an extended olive branch. Unfortunately, Wells Fargo (NYSE:WFC) isn’t benefitting from American graciousness. In fact,
These past few months seemed as if things could not get any worse for Aurora Cannabis. The company received multiple analyst downgrades while the stock price plunged to 52-week lows of under $2 on the NYSE. Their next earnings report which is scheduled for next week on February 10th, 2020 and it is going to
In recent years, investor worries about valuation usually have focused on high-multiple, high-growth stocks. Shopify (NYSE:SHOP) and Roku (NASDAQ:ROKU) are two of the better examples. Both stocks trade at seemingly obscene multiples relative to revenue, let alone profits. But both stocks have soared: ROKU gained 355% in 2019, and SHOP 187%. Source: Shutterstock Even among
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla jumped in premarket trading Tuesday, smashing past the $800 level and set to open at a new record high.
Traders work on the floor at the New York Stock Exchange, October 3, 2019. REUTERS/Brendan McDermid Brendan McDermid | Reuters Stocks have whipsawed investors more in the past two weeks than they have since early October, and it’s likely that type of volatile trading will continue. Even with Monday’s rally, analysts were skeptical that the
Just recently, I was appalled to find an ostensibly respectable commentator declaring that value stocks are “toxic.” I would consider Walmart (NYSE:WMT) a classic example of a company that provides value to shareholders. So, does this mean that Walmart stock is “toxic?” Source: Ken Wolter / Shutterstock.com To me, value is foundational if not fashionable;
Chesapeake Energy (NYSE:CHK) looked to be on the mend. From late November, the shares went from $0.57 to $0.95. But unfortunately, the gains proved to be temporary. Keep in mind the CHK stock is now at $0.52. Source: Casimiro PT / Shutterstock.com Even though the company is at penny-stock levels, the valuation on the equity
Gold bumped it’s head against $1,590 in Monday trading overseas, and has backed off to $1,580 in US premarket trading. Which gives us a chance to follow up on Friday’s ruminations about coronavirus and its effects on precious metals prices. First, a chart to understand what we’re looking at price-wise. This is GLD, the unleveraged US-market
In Swing Trading Today we discuss after reporting strong earnings if it is time to buy Tesla, Microsoft and Facebook. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they
We have highlighted two ultra-cheap, buy-ranked ETFs that provide broad exposure to the technology sector (XLK, VGT). SPDR Technology Select Sector SPDR Fund: https://www.zacks.com/funds/etf/XLK/profile?cid=CS-YOUTUBE-FT-VID Vanguard Information Tech ETF: https://www.zacks.com/funds/etf/VGT/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
It wasn’t the Monday that investors were expecting. On Sunday evening, ahead of the Super Bowl, Asian equities were getting hammered and U.S. stock futures were set to open down. Surprisingly, they opened higher and those gains carried through into the stock market today. The S&P 500 rallied over 1% at one point, as investors
Elon Musk, chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Investors betting against Tesla‘s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone. Tesla has more short sellers than
Even as OPEC and Russia consider an emergency production cut, oil is tanking and the outlook for prices is getting dimmer. West Texas Intermediate crude futures were below $50 per barrel in late trading Monday, after closing at $50.11, a decline of 23.7% from its Jan. 8 intraday high of $65.65 per barrel. WTI first
In focusing its efforts on two distinct segments of the cannabis market, Aphria (NYSE:APHA) has a good chance of carving a niche. It currently has its sights on the consumer packaging group and wellness arenas. It has to do this. And it has to be the leader. Source: Shutterstock The monstrous inflow of money in
U.S. equities are rebounding after an overnight bloodbath in the Chinese markets as fears of the spreading coronavirus remain largely relegated to China. As of right now, the spread into Western countries seems largely contained. And the latest reports are that Gilead (NASDAQ:GILD) is preparing to conduct human vaccine trials, raising hopes of a quick
A higher low, but an ugly technical pattern OPEC meeting in March The wrong time to get overly bearish On January 8, as tensions between the US and Iran rose to a boiling point in the Middle East, the price of crude oil rose to its highest level since April 2019 and came within 95