2019 is worth forgetting for investors exposed to the cannabis industry, and Canopy Growth (NYSE:CGC) stock is just one of the casualties. The stock has plunged by 72% from 2019 highs of $52.03 to $14.22 within seven months. Since then, CGC stock has subsequently bounced back by nearly 33% from oversold levels and currently trades
Stocks to sell
Yes, 2019 was a rough year for the energy sector. The group saw its weight dwindle in the S&P 500 en route to finishing the year as the worst-performing group in the benchmark. Still, thanks to a late-year rally, the Energy Select Sector SPDR (NYSEARCA:XLE) was able to finish the year higher. Source: Casimiro PT
It hardly seems like things are that bad for Amazon.com (NASDAQ:AMZN) at the moment. Shares rose 23% in 2019 and showed strength at year-end. Profits are likely to be roughly flat, but Wall Street expects that to change: consensus estimates project $27 in earnings per share in 2020, up 30% year-over-year. Revenue growth, meanwhile, continues
There are two ways to look at Monday’s third-quarter earnings report that sent the Nio (NYSE:NIO) stock price soaring. The first is to see the report as a potential game-changer for NIO. Its unit sales grew nicely relative to the second quarter, its margins improved, and its fourth-quarter guidance was impressive. Source: Carrie Fereday /
As we begin 2020, Hexo (NYSE:HEXO) stock continues to confound analysts who are predicting its demise. However, that doesn’t mean the stock is out of the woods. The HEXO stock price opened the first trading day of the new year nearly 16% below its $1.96 closing price of Dec. 24. Looking at the bigger picture, though,
It has been an exciting week for Chinese electric car vehicle maker Nio (NYSE:NIO). Over the weekend, it unveiled new products at the company’s annual Nio Day. Rival Tesla (NASDAQ:TSLA) started delivering vehicles in China, just a year after building its local production facility there. And on Monday, Nio dropped a bomb on short sellers,
Few of 2019’s initial public offerings garnered the buzz and subsequent volatility generated by faux meat producer Beyond Meat (NASDAQ:BYND). Considering that Beyond Meat made its debut as a public company in early 2019, shares have been all over the place. Source: Sundry Photography / Shutterstock.com The IPO priced at $25, but Beyond Meat stock
On the first look, embattled electric vehicle maker Nio (NYSE:NIO) appears like a contrarian’s dream. The underlying equity dropped approximately 60% since the start of 2019. However, the international community is steadily pushing for green initiatives. In this context, EVs reign supreme. Plus, Nio makes absolutely gorgeous cars. Source: Shutterstock And the speculative bull case
As we head into the last day of trading for 2019, Twilio (NYSE:TWLO) stock has fallen almost 35% from its summer high. The cloud communications software platform company is still in turnaround mode, and it still is not producing free cash flow. Source: rafapress / Shutterstock.com Twilio provides a text messaging platform for companies to
Thanks to the emergence of the Millennial generation and its subsequent societal and workplace shifts, the fast-food industry has become even more complex and competitive. Old rules simply don’t apply, which partially explains why Chipotle Mexican Grill (NYSE:CMG) has surged in the markets. Since the start of 2019, the Chipotle stock price has nearly doubled.
For holders of Chesapeake Energy (NYSE:CHK) stock, this has definitely been a year worth forgetting. It was downright awful. CHK stock price has tumbled about 60% this year. While the energy sector has been under pressure most of the year — despite the rally of the stock markets — Chesapeake Energy stock was still a
Recently Plug Power (NASDAQ:PLUG) completed an offering of 40 million shares which will raise $104.7 million after the offering expenses. The prospectus also says that the underwriters for Plug Power stock can buy six million more shares at the $2.75 offering price. That would bring in another $16.4 million, according to the prospectus. Source: Shutterstock
Plug Power (NASDAQ:PLUG) has had a phenomenal year, with shares up 140% year-to-date. The company has achieved some operational momentum on the top line, and the company’s story has picked up appeal. More and more futurists are talking about the coming hydrogen economy. That helps build the narrative for Plug Power and its fuel cell
Shanghai-based Nio (NYSE:NIO) is expected to report its third-quarter earnings on Dec 30. The company announced the date after a recent rally by Nio stock and weeks of delay and speculation as to what may be happening with the company behind the scenes. Source: xiaorui / Shutterstock.com U.S.-based, publicly traded companies are required to file their
Shares of Chesapeake Energy stock (NYSE:CHK) are struggling to maintain tepid gains. The CHK stock price has been climbing modestly since Dec.18 on the announcement of a life preserver deal. The company refinanced some of its debt in an effort to stop the clock on its slide towards insolvency. One of the key components of
GE (NYSE:GE) makes the engines for Boeing’s (NYSE:BA) beleaguered 737 MAX jets. Now that Boeing has decided to halt the jet’s production GE stock is set for another significant drop. Source: testing / Shutterstock.com According to the Wall Street Journal, GE’s LEAP engine accounts for $4.8 billion of GE’s roughly $7 billion in industrial profits.
Beyond Meat (NASDAQ:BYND) offers both hope and signs of trouble. Its alternative meat products have won over consumers. As a result, both grocery stores and restaurant chains have begun to offer its products. However, this stands in stark contrast to the stock, which has lost most of its value since July. Source: Sundry Photography /
It’s been a bumper year for semiconductor firm Qualcomm (NASDAQ:QCOM) as investors cheered its position in the wireless connectivity industry. Shares of the chipmaker have risen 55% so far this year as the good news regarding the firm’s future kept on coming. Source: JHVEPhoto / Shutterstock.com From a lucrative contract with Apple (NASDAQ:AAPL) to a
Apple (NASDAQ:AAPL) has had an incredible turnaround in 2019. It started the year off with a sales warning that sent the stock into freefall. But, by year end, shares have more than doubled from that low point. And the party hasn’t stopped yet. Source: George Dolgikh / Shutterstock.com In fact, with the recent announcement of
Shares of biotechnology company Amarin (NASDAQ:AMRN) are up 61% this year. This is an impressive feat in its own right. However, even more so considering the stock tumbled nearly 10% last week. Source: Pavel Kapysh / Shutterstock.com Last week’s slide very could be a sign that plenty of investors are already dumping Amarin following the