Take a look at some of the biggest movers in the premarket: Clover Health (CLOV), Wendy’s (WEN) – The two stocks extended their gains in premarket trading, after surging yesterday on increased social media attention. Clover – a seller of health-care insurance that went public via a SPAC deal in October – has risen for
Month: June 2021
In this article WFC CLNE RIDE The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Clean Energy Fuels — Shares of Clean Energy Fuels
In this article CLOV GME RH CLNE RIDE A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters Check out the companies making headlines after the bell: RH — The company formerly known as Restoration Hardware saw its stock gain 6%
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 years. Economists expect both core
Take a look at some of the biggest movers in the premarket: RH (RH) – RH surged 8.4% in premarket trading after it reported quarterly profit of $4.89 per share, above the $4.10 a share consensus estimate. The home furnishings retailer formerly-known as Restoration Hardware also reported better-than-expected revenue and raised its full-year outlook. Signet
Entrance of the Restoration Hardware store in the Meatpacking District of New York. Source: RH RH – Shares of RH surged about 15% after the retailer’s first-quarter financial results beat Wall Street expectations. The home furnisher, known formerly as Restoration Hardware, reported adjusted earnings of $4.89 per share on revenue of $861 million. Analysts were
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Federal Reserve to tighten policy
Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in
In this article CHWY VRTX PLAY A dog hi-fives it’s owner in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Getty Images Check out the companies making headlines after the bell: Chewy — Shares of Chewy
In this article PLAY ZM SNOW VRTX Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Snowflake – Shares of the cloud computing company dropped nearly 4%. The firm presented its financial targets
Mobile gaming platform Skillz (NYSE:SKLZ) stock has been volatile since going public via the SPAC route in December. Source: Rawpixel.com/Shutterstock.com The stock grew by a massive 150% by February before tumbling below its IPO price of $17.90. It was hit by the perfect storm, which involved a short report, equity dilution, and the SPAC bubble
A picture paints a thousand words. And a video captures a thousand pictures. That’s why the world is shifting to what I like to call the “Video Economy.” In short, everything these days is built on top of video. And when I say everything, I mean everything. Communication? Forget calling. And texting. These days, we
Healthcare is a very broad industry, ranging from temporary professional services, to insurance to equipment to drugs. And our collection of healthcare stocks here is fairly diverse as well. But the fact is, most of these sectors are intertwined in the industry. One feeds another. Also remember that during the pandemic many hospital systems were
I will start with the good news on Intel (NASDAQ:INTC) stock. It is cheap with a 13 price-to-earnings ratio and a price-to-sales of 3. That is three times cheaper than AMD (NASDAQ:AMD) and six times cheaper than Nvidia (NASDAQ:NVDA). However, those who bought it because it was cheap got what they paid, which is not
Thanks to the overwhelming popularity of meme trades along with the dramatic speculation in the major indices, you might assume that it’s difficult to find viable cheap stocks to buy under $20. To be fair, this isn’t the easiest task. But because of the radical changes in society, namely, the transition from a pandemic-impacted world
Electric vehicle maker XPeng (NYSE:XPEV) is giving strong competition to other EV players including Nio (NYSE:NIO). Despite being impacted due to the chip shortage, Xpeng managed to report impressive delivery numbers for May. Although there is only a minor increase from the April delivery numbers the company has managed to rake in strong year on year
With environmental and sustainability concerns coming into focus this past year, electric vehicle stocks have seen some strong momentum. The shift from gasoline to battery-powered cars is now a fast-growing trend in the auto sector. Because of that, traditional automakers are moving aggressively towards electrification while fresh-on-the-scene electric vehicle (EV) companies work on innovative new
PayPal (NASDAQ:PYPL) released stellar results for Q1 on May 5, the strongest in company history. It also raised its guidance for 2021 from the prior quarter. This will push PYPL stock at least 23% higher to $332.79 based on my calculations. Source: JHVEPhoto / Shutterstock.com PayPal’s revenue and earnings are highly dependent on its Total Payment Volume
Social momentum is affecting Beyond Meat (NASDAQ:BYND) for now, but BYND stock’s solid foundation will carry it to long-term success. Source: calimedia / Shutterstock.com Usually, the future of meme stocks looks bleak. But every so often a promising stock gets a social boost. BYND is one of these promising stocks caught up in the current
Nvidia Corporation (NASDAQ:NVDA) has been among an elite class of high-flying tech stocks. Over the past five years, NVDA stock has delivered a return of over 1,400%. Source: JHVEPhoto / Shutterstock.com So far in 2021 – a year that has not been kind to many other tech stocks – NVDA is up 32%. Its business
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