As Penn National Gaming works to reopen its casinos and gaming operations, Barstool founder Dave Portnoy is itching to return to his roots. Portnoy, an avid sports bettor who began betting on stocks after professional sports paused due to the coronavirus, told CNBC’s Jim Cramer he’s leaving the stock trading game behind when sports make their
Month: June 2020
A trader walks in front of the New York Stock Exchange on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images With the S&P 500 up more than 21% for the quarter so far, strategists are handicapping the likelihood that pensions and other funds and investors will
Year-to-date, BP (NYSE:BP) shares are down about 38% hovering around $23 per share. Changing oil price dynamics affect earnings at energy firms. Oil companies benefit from rising oil prices. Brent crude prices started the year over $60 per barrel. Today, they stand at about $39 per barrel. Compared to April’s $20 levels, this is a much better
[Editor’s note: “9 of the Best Food Stocks to Buy Right Now” was originally published in March 2020. It is regularly updated to reflect the most relevant information.] Despite some glimmer of hope after a surprisingly positive May jobs report, the situation on Main Street is still dire. According to a recent report from The
I wrote critically about Virgin Galactic (NYSE:SPCE) on April 14 when it was at $19.03 per share. My article struck right at the main problem for SPCE stock — nothing will help the company stop losing money. Since then, shares have fallen below $17. Source: Tun Pichitanon / Shutterstock.com And I believe SPCE stock will
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square
[Editor’s note: “9 Best Dividend Stocks to Buy for Every Investor” is regularly updated to include the most relevant information available.] Because of the unprecedented disruption caused by the novel coronavirus, weary Americans have been eager to hear some good news. Recently, they received exactly that. In a stunning reversal against bearish expectations, the May
In our live stream Swing Trading Today we answer the question of if the stock market is cheap? We will do some Technical Analysis to determine resistance levels on the stock charts. ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU
After a bumpy Friday and a lower open on Monday, U.S. stocks pushed higher again. That said, let’s look at a few top stock trades as we knock out the first trading day of the week. Top Stock Trades for Tomorrow No. 1: Invitae (NVTA) I have really liked Invitae (NYSE:NVTA) over the past few
Tilray’s (NASDAQ:TLRY) management recently appeared at the Oppenheimer 20th Annual Consumer Growth and E-Commerce Conference. What Tilray’s CEO, Brendan Kennedy, had to say was very interesting for TLRY stock. A Small Group Will Dominate Source: Jarretera / Shutterstock.com Oppenheimer analyst, Rupesh Parikh, who hosted the interview with Kennedy, believes the company has the best management
Since June 3, when I told readers they should sell shares in Luckin Coffee (NASDAQ:LK), the scandal-plagued Chinese coffee delivery service, what do you think has happened? LK stock is up 40%. Source: Keitma / Shutterstock.com If you’re a small investor, as I am, you’re still right to avoid frauds and sell out when you
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic signed a deal with NASA to develop a recruitment and training program for private astronauts seeking to visit the International Space Station. Walmart (WMT) – UBS upgraded the retail giant’s stock to “buy” from “neutral,” citing greater
In the March crash, BP (NYSE:BP) stock dipped below $20, hitting levels not seen since the mid-1990s. And while energy has regained a bit of lost ground, the situation still seems bleak. Source: FotograFFF / Shutterstock.com BP continues to trade below where it did during the financial crisis and also during the Deepwater Horizon environmental
There’s no doubt the economy isn’t going gangbusters here. But there are plenty of people — and companies — that have been patient and kept their money safe in the hopes of moving into the real estate market when rates and prices were very attractive. That has put housing stocks in the spotlight more recently.
Under Armour (NYSE:UA, NYSE:UAA) offers very little to talk about on the positive side these days. Its first quarter earnings were deep in the red and the outlook for its performance apparel is not any better. I am skeptical of the recent rise of UA stock off of its lows. I suspect there may be
Download Preston & Stig’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston & Stig are the #1 selling Amazon authors of the Warren Buffett Accounting Book. The book can be found at the following location: http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1939370159&linkCode=as2&tag=pypull-20&linkId=XRE5CA2QJ3I2OWSW
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
Most investors don’t give waste disposal stocks much attention. While it’s not a glamorous sector, it’s produced above-average returns over the decades. In particular, Waste Management (NYSE:WM) stock has been a huge winner. Source: rblfmr / Shutterstock.com Over the past 20 years, WM is up more than 500%. Investors would have made nearly 1,000% over
So far in 2020, Nokia (NYSE:NOK) stock is up over 15%. Yet that number tells only half the story. On March 18, NOK stock hit a 52-week low of $2.34. Now, it is hovering at $4.3. Put another way, if you were brave enough to invest $1,000 in the shares in late March, your investment would
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