What’s next for markets? With the election over, some old themes will be re-emerging, regardless of who will be president. The rally is due to better earnings visibility On one issue, all traders agree: the market rally is largely due to the unlikelihood of higher corporate and individual taxes next year. “The Senate numbers from the
Month: November 2020
Traders wait for the Wayfair IPO on the floor of the New York Stock Exchange October 2, 2014. Lucas Jackson | Reuters Check out the companies making headlines in midday trading. Alibaba — Shares dropped more than 5% after Ant Group’s record-setting initial public offering in Shanghai and Hong Kong was suspended. Alibaba owns roughly
The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images Check out the companies making headlines in midday trading. Uber, Lyft — Shares of the ridehailing companies jumped 13.3% and 12.8%, respectively, after early voting projections suggest that Californians
Attendees walk by the Qualcomm booth during CES 2019 at the Las Vegas Convention Center on January 9, 2019 in Las Vegas, Nevada. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: Qualcomm — Qualcomm shares rallied more than 13% in after-hours trading on the back of better-than-expected
The lack of a blue wave makes higher taxes and more regulation less likely, and that’s enough to rally stocks for now. The election outcome is in no way clear as states continue to count ballots. There is no decision on the presidency, but traders are betting on a split Congress with a Republican Senate
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker reported quarterly earnings of $2.83 per share, beating the consensus estimate of $1.38 a share, helped by strong demand for trucks and SUVs. Revenue was essentially in line with Street forecasts. The shares rose 6.7% in premarket
A construction worker wearing a mask carries a steel beam as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 11, 2020 in New York City. Alexi Rosenfeld | Getty Images Economists mostly expect job growth slowed in October, as the pace of rehirings dropped off
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020. Kevin Lamarque | Reuters The Fed’s two-day meeting is expected to end
Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator reported a quarterly profit of 6 cents per share, compared to expectations of a 2 cents per share loss. Revenue, however, came in below Wall Street forecasts as comparable revenue per available room fell nearly 60%
Democratic U.S. presidential nominee and former Vice President Joe Biden speaks at the Get Out The Vote event in Cleveland, Ohio, U.S., November 2, 2020. Kevin Lemarque | Reuters American presidents have long wanted the U.S. to be self-sufficient when it comes to oil, and if former Vice President Joe Biden wins the presidency, he
Take a look at some of the biggest movers in the premarket: CVS Health (CVS) – CVS named Executive Vice President Karen Lynch as its next CEO, effective Feb. 1, replacing the retiring Larry Merlo. Separately, CVS reported better-than-expected sales and profit for its latest quarter, as prescription drug volumes rebounded. Shares rose 2% in
The U.S. election date came and went and we still don’t have certainty there. Meanwhile, Wall Street took the overnight volatility in stride. There was a negative reaction, but only when President Trump raised the possibility of contesting the results. This suggests that investors don’t really care about which candidate wins. They just want the
For the IPO market — which involves new stocks to buy — things have certainly been robust this year. The activity has been at levels not seen since the heyday of the dot-com boom. But during the past week, there has been a slowdown. For example, we have seen some postponements of deals, such as
Match (NASDAQ:MTCH) stock popped in early November after the online dating giant reported third-quarter numbers that smashed estimates. Match stock’s earnings broadly underscored an accelerating growth trajectory for the company as we exit the worst of the economic impact of the Covid-19 pandemic. Source: Shutterstock Specifically, Match’s subscriber growth numbers accelerated in the quarter; revenue
Virtual reality (VR) was once heralded as the next big thing in tech after smartphones. But VR failed to catch on in a meaningful way. What has been slowly gestating in the background is another technology that combines elements of VR with real-life. Augmented reality (AR) overlays virtual information on top of a real-life view.
For about two decades, it was essentially impossible to recommend Plug Power (NASDAQ:PLUG). Certainly few who did so — or who actually bought PLUG stock — made out well. Source: Halfpoint/ShutterStock.com This simply was not a company with any ability to execute consistently. The potential for the company’s fuel cell vehicles was obvious, and enough
If you’re looking to buy yourself a little pre-holiday investment gift for putting up with the novel coronavirus in 2020, forget penny stocks. Look to cheap stocks under $10 instead. According to Finviz.com, there are 33 stocks currently trading at $5 or less with a market capitalization of $2 billion or more. However, if you
Despite the doubters and the short-sellers, Pinterest (NYSE:PINS) stock continues to soar to new highs. But now investors are getting something in Pinterest stock they rarely get: a huge opportunity to buy after great news. Source: Nopparat Khokthong / Shutterstock.com Pinterest reported earnings on the evening of Oct. 28 and shares soared as much as
Carnival Corp. (NYSE:CCL) stock will recover now that the Centers for Disease Control and Prevention (CDC) has agreed to conditionally allow cruises to operate. Carnival is likely to ramp up ahead of its first U.S. Caribbean cruises. That could happen once it applies for or gets a conditional sailing certificate. So far this year Carnival
It’s been a crappy year for Hexo (NYSE:HEXO) shareholders. They’ve seen Hexo stock drop below $1, putting the cannabis company’s New York Stock Exchange listing in jeopardy. Source: Shutterstock Like many companies that get in this position, Hexo’s been forced to do an 8-for-1 reverse stock split to meet the NYSE’s listing requirements. The move