After a strong trading day on Monday, investors used Tuesday as a way to digest the gains. Let’s look at a few top stock trades as we near mid-week. Top Stock Trades for Tomorrow No. 1: Livongo (LVGO) The only word that can describe Livongo’s (NASDAQ:LVGO) run at this point? Breathtaking. Shares have surged over
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It’s not the most famous cloud-based tech firm on the planet, but Fastly (NYSE:FSLY) is a name that’s gaining traction lately. The buzz surrounding FSLY stock is well-earned as this company is far from a cloud-computing Johnny-come-lately. Source: Shutterstock Commentators shouldn’t throw the word “innovator” around lightly. However, the term is entirely appropriate in the
In contradiction to everything that conventional wisdom represents, Whiting Petroleum (NYSE:WLL) has become a target of traders seeking fast action and quick gains. The daily trading volume on WLL stock would suggest, if we didn’t know any better, that there’s a bright future in store for this once-promising shale company. Source: Shutterstock But let’s not
View of the phone company QUALCOMM technology 5G in the Mobile World Congress. Ramon Costa | SOPA Images | LightRocket | Getty Images How to find compelling stocks primed to outperform during the third quarter of 2020? Here are a few of the names the best-performing Wall Street analysts are betting on right now. With
Signage for Shake Shack Inc. is displayed on a glass door at the company’s restaurant in Shanghai, China, on Thursday, Jan. 24, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Novavax — The biotech stock soared 29% after the company announced that it was awarded $1.6
Many traders today are looking for cyclical turnarounds, or else are looking to get on the bandwagon of the latest “momentum” stock. These stocks make new highs each day but are untethered from any real value or reason anchor. In the end, they tend to falter when growth fails. I would rather look for reliable
This is because most market participants seem interested in bidding up the high-flying tech names, rather than gravitating towards gold. However, as of this week, we’re finally beginning to see a bit of complacency creep into the metal, with bullish sentiment showing that there are four bulls for every bear. This suggests that any rallies
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Moderna (NASDAQ:MRNA) is one of those stocks you trade on news because fundamentals don’t exist. MRNA stock, which only came public late last year, has a market capitalization of $22 billion after racking up sales of $60 million for all of 2019. Source: Shutterstock When it came public I recommended readers buy it. Those who
In a cascading wave of negative impact, the novel coronavirus battered the American economy and wreaked havoc on the steel industry, in particular. One undeniable victim of this fiscal domino effect was United States Steel (NYSE:X), commonly known as U.S. Steel. As a result, X stockholders have struggled to get back to the break-even point this
Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla – The automaker’s stock rose 1% in extended trading. Tesla’s shares jumped 13.5% and hit a new high earlier Monday
On June 25, the Federal Reserve announced the results of its annual stress tests and additional sensitivity analyses for banks, such as Wells Fargo (NYSE:WFC). Following speculation about the bank’s dividends, on June 29, the California-based bank cut its dividend for the third quarter. Now, investors in Wells Fargo stock are wondering whether WFC belongs in
The global stock markets were on the move on Monday and the U.S. followed suit, bursting higher on the day. With that in mind, let’s look at a few top stock trades moving forward. Top Stock Trades for Tomorrow No. 1: Tesla (TSLA) Tesla (NASDAQ:TSLA) has been in its own version of “Ludicrous Mode.” Shares
At first, Qualcomm (NASDAQ:QCOM) stock fell off a cliff in response to the Covid-19 pandemic, with shares dropping from $90 in late February to $58 in late March. Then, QCOM stock sharply reversed course and rallied all the way back to $90 on optimism that the pandemic will inflict only temporary and minor damage on
It seems like Rite Aid (NYSE:RAD) finally is headed in the right direction. New management has re-inspired investor confidence and fiscal first quarter results from last month looked impressive. As a result, RAD stock has soared, more than tripling from August lows. Source: Jonathan Weiss / Shutterstock.com Despite that good news, I’m not quite convinced.
People pass by the Salesforce Tower and Salesforce.com offices in New York City, March 7, 2019. Brendan McDermid | Reuters What seemed like a few decades ago, I mean in February, people used to occasionally ask “How’s business?” Despite usually responding, “Fine, thanks,” I would often think of the inquiry as two-part. One, and probably
Strategists say two factors are helping give legs to the global stock market’s Monday morning surge – bullishness about China and the view that central banks will backstop markets. A front page editorial in state-owned China Securities Journal is getting credit for fueling a strong rally in Chinese markets overnight that spread to global equities.
Unlike most companies, Wells Fargo (NYSE:WFC) stock hasn’t rebounded much since the market crashed in March. With Wells Fargo stock at $25 now, it’s up only modestly above its multi-year low of $22, which it reached in May. And, thanks to the latest negative news, the shares are likely to remain volatile in coming days.