Listen to Preston’s podcast about studying billionaires here: https://itunes.apple.com/us/podcast/the-investors-podcast/id928933489 Jeff Bezos has been hailed as the richest man in the world, inching out long-time titleholder and Microsoft co-founder Bill Gates. The majority of his earnings came from his online shopping retail site Amazon.com with record-breaking profits from Amazon Prime Day. Huge portions also stemmed from
Month: August 2020
Why Silver ETFs are Outshining Gold.
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Take-Two Interactive – Shares rose
As shares head higher, should you chase Nvidia (NASDAQ:NVDA) stock? Yes and no. On one hand, with the novel coronavirus a tailwind, not a headwind, for tech names like this chip-maker, going bearish on this “story stock” hasn’t been the best play. Not only did shares quickly bounce back to pre-pandemic prices after March’s sell-off.
There are three sides to a credit card transaction, the merchant, the customer, and the bank. It’s the latter where Capital One Financial (NYSE:COF) stock comes in. Source: Isabelle OHara/Shutterstock.com Companies that process transactions experience less volume during a recession. But they make out all right. Banks, however, have a problem. Everything you put on
In 2020, the public focus on health has brought many small biotechnology companies and penny stocks, such as Ocugen (NASDAQ:OCGN), into the limelight. On June 1, OCGN stock was 17 cents. In late July, it jumped to almost $1. As I write, it’s trading above 50 cents. Source: luchschenF / Shutterstock.com Ocugen was formerly known as
It’s been an impressive start to Q1 for silver (SLV) as the metal has launched out of a multi-year base to new highs, catapulting over an area that’s been tough resistance in the past. This multi-year breakout is an extremely bullish development long-term as it has improved silver’s relative strength across all other assets, and
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Virgin Galactic Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design. Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell: Virgin Galactic — Shares of the space travel company tumbled 8% in extended trading after the release of second-quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $54
Second quarter results from AMD (NASDAQ:AMD) indicate that I was partially right and partially wrong about AMD stock. The chip maker’s FY2020 Q2 earnings call suggested that I was right about its weaknesses but underestimated its strengths. Source: Casimiro PT / Shutterstock.com On-Target About AMD’s Weaknesses In multiple columns about AMD stock this year, I
Within a day of each other, one analyst covering American Airlines (NASDAQ:AAL) upgraded AAL stock and one downgraded it. It seems analysts are having a hard time deciding whether the airline is likely to recover in 2020. In my opinion, American Airlines is the worst investment of the Big Four U.S, airlines and only should
The markets gapped higher and slowly churned throughout Monday’s trading session. And after a big week of earnings, we have another full slate of quarterly results to get through. With all of that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Chewy (CHWY) I
Toying with $40 per barrel since June Open interest is trending lower Two bullish signs- The price action after the taper and even though the number of cases in the US rise The crude oil is about to enter its third month of price consolidation around the $40 per barrel level on the nearby NYMEX
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will
Bloomberg | Getty Images Check out the companies making headlines midday Monday: Nio — U.S.-traded shares of the China-based electric vehicle company jumped more than 10% after Nio reported July delivery figures. The company said that July deliveries jumped 322% year over year to 3,533 vehicles. Through the end of July the company has delivered
Insurance companies have been around for as long as we can remember, but the lack of innovation has made this industry ripe for disruption. Enter Lemonade (NYSE:LMND), the “insurtech” startup that hopes to make insurance cool again. Fresh off its Initial Public Offering (IPO) in July, Lemonade stock rallied 138% and pushed the company’s market
After peaking at over $100 earlier in July, sellers pulled Fastly (NYSE:FSLY) shares down to below the $80 level. Last week, FSLY stock rose by over 20% ahead of its earnings report scheduled for August 5, after the market closes. Source: Pavel Kapysh / Shutterstock.com Why are investors so enamored with this application software company?
Getty Images Check out the companies making headlines in midday trading. Kodak — Shares of Kodak soared about 330% after President Donald Trump tapped the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. The shares skyrocketed as much as 570% at one point. Trading was halted more than 15 times Wednesday
Nvidia (NASDAQ:NVDA) stock is on a high once again, doubling in value after falling to $196.40 a pop in mid-March. Panic induced selling hit the tech sector hard after the novel coronavirus struck, but several stocks have bounced back. NVDA stock is no different. Source: JHVEPhoto / Shutterstock.com Its recent quarterly results reinforce the fact that