Looking strictly at the numbers, DraftKings (NASDAQ:DKNG) is one of the most successful stocks of 2020. DraftKings stock is up more than 200% so far this year, even factoring in a recent pullback. Source: Lori Butcher / Shutterstock.com Much of the optimism about DraftKings, of course, revolves around professional and college sports. After a spring
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Wells Fargo is raising the bar for new customers to get a popular mortgage product, CNBC has learned exclusively. The bank is now requiring new clients to bring at least $1 million in balances if they want to refinance a jumbo mortgage, up from a previous level of $250,000, according to people with knowledge of
You’ve heard about the trade war with China. There may be a separate, potential “financial war” brewing. The Securities and Exchange Commission wants you to know more about what is happening with Chinese companies that list in the United States. The regulators also want you to know that they are having a really hard time
A Harvard University graduate wears a mask on campus. Craig F. Walker/The Boston Globe via Getty Images Municipal bonds outperformed Treasurys in June and they could continue to see good demand this summer, even as the pandemic limits economic activity and strains state budgets. The muni market was hit hard during the market collapse in
The market expected a 60 bcf injection The price rallied before the latest data Natural gas could burn the speculative shorts In late June, the price of natural gas futures fell to a new twenty-five-year low on the expiring July futures contract. The previous low in March was at $1.519, and the energy commodity fell
Tonight on Thursday Night Stock Charts Live we discuss if the change to the Volcker rule will allow banks stocks to rally. We will also discuss if we are seeing the large cap stock market names getting ready to break down. So, is it time to short the stock market or is now a good
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After peaking at over $40, fears of the rapidly spreading coronavirus across the United States sent Southwest Airlines (NYSE:LUV) sharply lower. Increasing selling pressure may send LUV stock back to its 52-week low of $22.47. Source: Carlos E. Santa Maria / Shutterstock.com But that isn’t necessarily too much for the carrier to overcome. After all,
Intimate apparel maker Naked Brand Group (NASDAQ:NAKD) is struggling to remain listed on the Nasdaq composite as NAKD stock continues to trade below $1. You wonder why the company is in this position since now seems the perfect time for the company to make some dough. Source: Shutterstock Strict social distancing orders mean a lot
Warren Buffett just announced his annual charitable donations to the five philanthropies he’s chosen to give the vast bulk of his fortune to. This year, the “Oracle of Omaha” is distributing 15.9 million class B shares of Berkshire Hathaway valued at about $2.9 billion. That brings his total philanthropic donations to more than $37 billion
Shoppers walk past a Bed Bath & Beyond store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Bed Bath & Beyond — The home goods retailer’s stock fell 11% in extended trading after the company released its first-quarter financial results. Bed Bath & Beyond reported a
It was a quiet session on Wednesday, as investors search for direction shortly ahead of earnings season. With that in mind, let’s look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Twitter (TWTR) Shares of Twitter (NYSE:TWTR) were burning higher, climbing by more than 10% before backing off
Massive industrial conglomerate General Electric (NYSE:GE) has been through a number of dynasties, each marked by a CEO with a unique vision. The price of GE stock has reflected these vicissitudes, sometimes with gains and other times with gut-wrenching losses. Source: JPstock/Shutterstock.com Current CEO Larry Culp’s tenure, while not a new development anymore, is still
For some time — and especially over the last several weeks — I’ve been warning investors not to touch Chesapeake Energy (OTCMKTS:CHKAQ). Laden with unsustainable debt combined with the oil demand destruction brought on by the novel coronavirus, the equity share formerly known as CHK stock tumbled on the news that the embattled energy company
A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
When it comes to red hot technology stocks, Nvidia (NASDAQ:NVDA) stock is leading the pack. Source: Allmy / Shutterstock.com Nvidia has hit all-time highs several times in the past month and has more than doubled in the past year, reaching $395 a share. The rapid ascent has left analysts scrambling to revise their price targets on
Less than seven weeks after Hertz Global Holdings (NYSE:HTZ) filed bankruptcy, HTZ stock is still trading. Not only are those bankrupt shares still changing hands, but in huge volumes, driving the stock price as high as $5.53 on June 8. Why? Source: Eric Glenn/Shutterstock.com I sort of understand why traders might like to speculate on
A person dressed as Minnie Mouse walks in front of the Disney store in Times Square as New York City moves into Phase 2 of re-opening during the coronavirus pandemic on June 28, 2020. Noam Galai | Getty Images Check out the companies making headlines after the bell: Levi Strauss – The clothing company’s stock dropped
A new low as open interest rises The shorts get over-enthusiastic- Hot weather ahead Levels to watch in the natural gas futures market Natural gas has a long history as one of the most volatile commodities that trade on the futures markets in the United States. Since trading in natural gas began on the NYMEX