Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines after the bell: IBM — IBM shares rose more than 6% in extended trading following the release of the company’s second quarter earnings. The technology company reported second quarter earnings of $2.18 per share excluding items
Month: July 2020
Shares of technology giant Amazon (NASDAQ:AMZN) have been red-hot all year long. Until recently. Broader weakness in tech stocks, coupled with macroeconomic concerns of a resurgence of Covid-19 cases nationwide, has led to AMZN stock sliding for five straight days and dropping into correction territory for the first time since March. Source: Julie Clopper /
The shares of Peloton (NASDAQ:PTON) have been on fire in 2020. This year, PTON stock has more than doubled as the Covid-19 pandemic has supercharged demand for the company’s premium, at-home fitness equipment and services. Source: Sundry Photography / Shutterstock.com In financial markets, it’s important to remember that momentum is a real thing. Stock which
2020 has definitely been a roller coaster for oil stocks. The novel coronavirus has resulted in steep declines in demand, leading OPEC to drastically reduce production. While all this was going on, there was a point when crude oil dropped well below zero! It was, well, jaw dropping. But during the past couple months, the
An almost ten million barrel per day cut to balance the fundamental equation A rebound in the price took some pressure off A decision to taper- Waiting for a decision on the future of US output In April, OPEC, Russia, and other oil-producing countries came together to address the energy commodity’s evaporating demand. They agreed
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
HelloWoofy.com operates the Woofy platform, which helps better manage social media experiences. The company also has launched a crowdfunding campaign on Republic. The minimum to invest in HelloWoofy.com is $100. Source: Shutterstock The founder and CEO Arjun Rai launched the business in late 2016. He got the idea for HelloWoofy.com from his experiences with other
Casino owner MGM Resorts (NYSE:MGM) is expected to release earnings on July 30. Year-to-date, MGM stock is down more than 45%. Source: Michael Neil Thomas / Shutterstock.com According to the American Gaming Association (AGA), as of the end of March, all 989 commercial and tribal casinos nationwide had closed their doors. As I write, only 148
A view of Moderna headquarters on May 08, 2020 in Cambridge, Massachusetts. Moderna was given FDA approval to continue to phase 2 of Coronavirus (COVID-19) vaccine trials with 600 participants. Maddie Meyer | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna shares jumped 10% after the data released by
I’ve been writing plenty of stories about how the valuation of Tesla (NASDAQ:TSLA) stock has become completely detached from reality. But no matter how big the Tesla bubble gets, Tesla is still a minor player in the global auto market compared to legacy automaker investments like General Motors (NYSE:GM).Yet Tesla is getting all the attention,
Shares of artificial intelligence company Remark Holdings (NASDAQ:MARK) are on a fantastic bull run, as MARK stock is up almost 200% year-to-date. But I believe the momentum will lose steam as we move further along the road to recovery. Source: Angyalosi Beata / Shutterstock.com The reason for the exponential rise is down to Remark’s touch-free
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 Twitter stock is a buy, sell or hold? Bob Desmond will use stock charts and technical analysis to discuss if this current bear market will become worse or
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – The investment firm earned $1.96 per share for the second quarter, well above the $1.12 a share consensus estimate. Revenue also beat forecasts. Morgan Stanley saw net revenue and net income rise to record levels, helped by strong trading
Investors purchasing vaping stocks now in order to secure big gains later are in a precarious position. The market for vape products is full of potential and windfalls are clearly there for the taking. However, the vaping market is squarely in the crosshairs of regulatory bodies and under intense scrutiny. Investors are acutely aware that
I have to admit, there’s something to be said for Luckin Coffee (OTCMKTS:LKNCY). The company has had an accounting scandal involving millions of fraudulent transactions. That scandal caused the removal of its CEO. As a bonus, Luckin stock dropped so low it was delisted. Source: Keitma / Shutterstock.com And yet, like a phoenix rising from
Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue and subscriber additions were above estimates. Projected subscriber additions for the current quarter of 2.5
What once was the joke of the major auto manufacturer is now the monster on Wall Street. Tesla (NASDAQ:TSLA) was the target of the comedy among the experts, and now the company market capitalization is more than four times that of Ford (NYSE:F) and General Motors (NYSE:GM) combined. F stock specifically has been pitiful, but
This year is turning into the year of the shale company bust with Whiting Petroleum (NYSE:WLL) standing as a prime example of that ominous trend. Year-to-date, WLL stock is down an astounding 85.15%. If that’s not enough to keep investors, perhaps the following ought to be: in April, the Colorado-based company filed for Chapter 11
The world’s economies have been on life support for months. Major therapeutic efforts to combat this are coming from global central banks, which have been more aggressive than ever in pumping liquidity into financial systems to varying degrees of success. Against that backdrop, let’s discuss the need for dividend stocks in every investment portfolio. Like
In Best Stock Charts we discuss the technical analysis of stocks on the S&P 500, Nasdaq and even two OTC small cap stocks. We are looking to create an account starting with $1,600 to demonstrate how technical analysis can create wealth using stock charts without concern for PDT rules because we are swing traders not
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