Month: July 2020

Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II Persistently high unemployment claims show the impact of the spreading virus on the workforce, and economists are already warning that July’s employment report could show
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San Diego-based Sorrento Therapeutics (NASDAQ:SRNE) has become one of the hottest biopharmaceutical companies investors are watching in the rush to find a cure for the novel coronavirus. So far in the year, SRNE stock is up around 130%. Source: luchschenF / Shutterstock.com However, that number tells only half the story. In mid-March, Sorrento shares hit a
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In Best Stock Charts Today we will be discussing the best stocks to swing trade both long and short. We use TrendSpider charting software to demonstrate how we leverage automated technical analysis to identify strong support and resistance levels using multi time frame algorithms. ✅Join out VIP Private Group session invitation list free! (we hate
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Download Stig & Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Subscribe to We Study Billionaires podcast show: https://link.chtbl.com/WSB Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/your-questions/ ABOUT THE EPISODE: On today’s show we talk about the structural impact COVID is having on the global economy. The show covers comments
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Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American Express (AXP) –
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Legacy technology giant International Business Machines (NYSE:IBM) reported second-quarter earnings in late July which excited Wall Street and charged up IBM stock for one very simple reason: The numbers show early signs that the long-overdue cloud-powered turnaround at IBM is finally emerging. Source: JHVEPhoto / Shutterstock.com Specifically, IBM reported 34% adjusted revenue growth in its
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In terms of stock returns, the last 12 months has been unimpressive for defense stocks. This has resulted in most names trading at attractive valuations. These companies have robust cash flows and a healthy dividend payout. I therefore believe that it’s a good time to consider exposure to some quality names in the industry. Geopolitical
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Initially, many optimists viewed Luckin Coffee (OTCMKTS:LKNCY) as China’s answer to Starbucks (NASDAQ:SBUX). Certainly, it was a bold move as China is not exactly what you call a coffee-drinking culture. Nevertheless, Luckin stock enjoyed a remarkable performance, particularly when relations between the U.S. and China improved following bitter escalations of their trade war. Then, everything
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We’ve seen a surge in demand for silver miners over the past few weeks and the Silver Miners ETF (SIL) continues to climb the ranks, now the 7th best-performing ETF year-to-date. The rush into the sector has come as a result of silver (SLV) overtaking gold (GLD) as the best performing precious metal in 2020,
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CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
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