Month: September 2020

Luckin Coffee (OTCMKTS:LKNCY), the controversial, downtrodden Chinese coffeehouse operator, is finally taking some steps in the right direction, but Luckin stock remains a gamble. Source: Keitma / Shutterstock.com Still reeling from the effects of a revenue-inflating scandal that took Luckin from being a Chinese growth darling to trading over-the-counter, the company recently reappointed Sean Shao,
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In recent months, three story lines have captivated Wall Street: SPACs, electric vehicle companies and the rise of retail traders. The outsized success of the first two, and novice investors entering the market in record numbers, have led some investors to claim this is an indication of froth. And one name symbolizes all three themes:
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Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $3.04 per share, 20 cents a share above estimates. The warehouse retailer’s revenue also beat Wall Street forecasts. Comparable-store sales rose 11.4% compared to the 7.8% consensus estimate of analysts polled by Refinitiv. Costco also
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Billionaire media mogul Barry Diller on Tuesday urged investors to maintain sizable cash positions following the stock market’s robust rally from coronavirus-induced lows in late March.  “Personally, and professionally, every nickel you can, keep it … wherever it’s banked,” the chairman of both Expedia and digital media group IAC said on CNBC’s “Squawk Box.”  Diller noted that IAC in August
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Steelcase Office solutions redesigned for Coronavirus Source: Steelcase What will the post-Covid workplace look like? Steelcase is one of the largest manufacturers of office furniture — desks, chairs, storage products and office pods — and they have a lot of ideas. They are partnering with MIT to better understand how air circulates in an office
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[embedded content] Workhorse (NASDAQ:WKHS) has been absolutely on fire in 2020, with WKHS stock skyrocketing 825% higher this year on the back of abundant investor optimism with respect to the company’s ability to disrupt the last-mile delivery market with a next-gen electric delivery van. Source: Photo from WorkHorse.com This optimism is not misplaced. All transportation
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According to analysts, AT&T (NYSE:T) stock should more than cover its dividend when the company next reports earnings Oct. 26. Source: Jonathan Weiss / Shutterstock.com The consensus among analysts is for 77 cents per share of earnings. The dividend costs 51 cents. But in a world where the 30-year government bond yields 1.4%, AT&T stock is
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Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm reported quarterly profit of $1.70 per share, falling 3 cents a share short of Wall Street forecasts. Revenue also came in slightly shy of estimates and the company gave a weaker-than-expected current-quarter revenue forecast, as clients spend less
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As awful as the novel coronavirus pandemic has been for our country, it did bring some positive outcomes. For instance, many people have used this forced downtime to reconnect with family and long-lost friends. For others, it was an opportunity to try new things, such as investing. Naturally, popular trading app Robinhood was one of
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