Lyft (NASDAQ:LYFT) stock is one of two names, along with Uber (NYSE:UBER), which dominate the ride-share sector. Pundits consider Lyft to be the ‘pure-play’ between the two as it is solely focused on transporting people. Some analysts point to this as being a factor for choosing to invest in shares of Lyft over Uber. However,
Month: June 2020
A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas Matt Nager | Bloomberg | Getty Images Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and
Investing in marijuana stocks has been anything but smooth lately. The cannabis industry was no more immune to the novel coronavirus than the rest of the wider markets. However, that doesn’t mean it’s time to abandon pot stocks altogether. The story of 2020 is still unfinished, and there’s comeback potential for a number of stocks
I’ve drawn the Ford (NYSE:F) straw today. The last time I wrote about F stock was in May. At that time, I argued that because it has so much cash per share, it provides aggressive investors with an interesting bet. A lottery ticket, if you will. Source: Art Konovalov / Shutterstock.com Just a few days
Mastercard credit cards Roberto Machado Noa/ LightRocket via Getty Images How to find compelling stocks primed to outperform during a volatile second half of the year? Here are a few of the names the best-performing Wall Street analysts are betting on right now. As fears of a resurgence in the coronavirus sweep the globe, it could
Check out the companies making headlines before the bell: Carnival – Carnival’s debt rating was cut to “junk” by Standard & Poor’s, which is forecasting continued weak demand for the cruise industry due to the Covid-19 pandemic. Dell Technologies – Dell is exploring options for its $50 billion stake in cloud computing company VMWare, according
Tonight Sunday Night Stock Market Live we will discuss if the stock market will continue to breakdown or will the stock market rally? We also discuss if the Federal Reserve will allow negative interest rates which are currently being priced into the bond market. Bob Desmond will use stock charts and technical analysis to discuss
The novel coronavirus pandemic has swept away several industries but has been a bit of a blessing for the biotech sector. iBio (NYSEMKT:IBIO) is one company that is benefiting from the hype surrounding the push for a vaccine, as iBio stock gained 490% this year. Source: Shutterstock As I discussed in my previous article, iBio’s
It’s been a terrible year for Chinese coffee chain Luckin (NYSE:LK). LK stock is down a whopping 92% so far this year as the company struggles with the consequences of its fraud scandal. Source: Keitma / Shutterstock.com This week major banks won a legal battle that will force Luckin Chairman Charles Lu to liquidate millions
Jeffrey Ubben, CEO of ValueAct Capital Partners Ann Johansson | Corbis | Getty Images On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated
A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images Stocks could face turbulence and limited gains in the second half of the year, as the Covid-19 pandemic continues to set the course for markets and the economy.
Canopy Growth (NYSE:CGC) and some of its marijuana equity peers are in the midst of a mini-resurgence. CGC stock is higher by almost 33% in the current quarter. As impressive as that move is, Canopy would need to roughly quadruple to get back to its 2018 high. Source: Shutterstock Over the near-term, asking Canopy or
Those who follow me know that I am long-term bullish on the cannabis space. But that does not mean I am bullish on every stock in the industry, like Tilray (NASDAQ:TLRY). While TLRY stock has done a great job bouncing off the 2020 lows, that alone does not mean it’s a buy. Source: Jarretera /
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.
The stock market rally after the novel coronavirus selloff has been stellar. Besides expansionary monetary policies, strong fundamentals have triggered the rally for several stocks and industries. And in particular, tech stocks have been on fire. In fact, it’s the big names in the technology sector that have continued to deliver strong numbers. Innovation-driven business
Shares of hybrid truck design and manufacturing company Nikola (NASDAQ:NKLA) have settled somewhat after going on a massive bull run fueled by short-term speculation after a reverse merger with VectoIQ. Nikola stock shot up 86% to reach a record high of $93.99 per share, but shares have cratered since then. Although it’s down by a fair
Paramedics wait to bring a patient into the emergency room at Regional Medical Center on May 21, 2020 in San Jose, California. Justin Sullivan | Getty Images With an acceleration of coronavirus headlines starting to weigh on the U.S. stock market, strategists say they are now paying attention to a more refined set of disease
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with
It was a tough day for the bulls on Friday, with the stock market getting walloped right off the open. That said, let’s look at a few top stock trades as we approach the end of June. Top Stock Trades for Monday No. 1: Facebook (FB) Facebook (NASDAQ:FB) is taking it on the chin as
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