If you happen to be a shareholder of department store giant Macy’s (NYSE:M), you’re seeing red: lots of it. Prior to the iconic retailer’s third-quarter earnings results, investors viewed the disclosure with much anxiety. As one of the last bastions of the big brick-and-mortar shopping centers, the company had an opportunity not just to lift
Stocks to sell
I can see why investors would be tempted to buy the dip in Nokia (NYSE:NOK). The sell-off since a disastrous third-quarter report has brought valuation back in line. The 5G tailwind that attracted investors to Nokia stock still exists. Yes, the news in the Q3 release was disappointing — but a lower price, in theory,
From a long-term standpoint, I still like the case for Micron (NASDAQ:MU) stock. Memory demand should rise over time, thanks to broader trends like IoT (Internet of Things) and 5G (fifth-generation) wireless. Falling earnings don’t make Micron stock look all that cheap right now, but estimates for mid-cycle earnings still suggest upside from a current
U.S. equities are backing away from their recent highs as investors worry about worsening U.S.-China trade tensions after the U.S. Senate passed a bill critical of Beijing’s handling of the protests in Hong Kong. China doesn’t like anyone to be critical of their security apparatus, and is threatening a worst-case scenario if Washington persists. Of
Aurora Cannabis (NYSE:ACB) continues its stunning fall from grace. Aurora stock has collapsed following a dreadful earnings report last week, along with a major change in corporate strategy going forward. This, along with a flood of share dilution, has caused traders to dump their ACB stock as fast as possible. Source: Jarretera / Shutterstock.com To
I’m normally largely bullish on big tech stocks, with the underlying theme being that these stocks represent the cream of the crop in the world’s increasingly most important and valuable industry. But, one big tech stock which I haven’t been bullish on recently — and which I remain cautious of — is eCommerce and cloud
In the world of penny stocks, you have a bunch of high-risk, high-reward stocks. Some of those penny stocks are worth the risk, since there is a visible pathway for a brighter future and multi-bagger returns. For most of them, though, there is no visible pathway to a brighter future or multi-bagger returns, and as
When it comes to Amazon (NASDAQ:AMZN) stock, a major driver has been the cloud business (known as Amazon Web Services or AWS ). It has not only provided strong revenue growth but has been highly profitable. Because of all this, AMZN has been able to fund its other businesses, such as for healthcare, streaming and
Most tech stocks are breathing a sigh of relief. Last year, many tech companies were not having a very happy holiday season. The tech wreck of 2018 saw many tech stocks bottom out on Dec. 24, 2018. But there’s a lot more holiday cheer in Silicon Valley this year. It’s been a choppy year. Tech
For those looking to knock one out of the park, the biotechnology sector frequently provides the catalysts you need. Case in point is Ocugen (NASDAQ:OCGN), a gene therapies provider that specializes in rare eye diseases. Previously a privately held company, OCGN entered into a reverse merger with Histogenics. Essentially, Histogenics shares, HSGX, has become Ocugen
On Oct. 28, Nio (NYSE:NIO) CFO Louis T. Hsieh tendered his resignation. Although Nio’s press release stated the finance executive was leaving for personal reasons, owners of Nio stock must know in their heart of hearts he jumped ship because he couldn’t take anymore groveling for financing to keep the maker of electric SUVs afloat.
Not that long ago, electronics and accessories manufacturer Logitech (NASDAQ:LOGI) was a popular short target. As recently as early 2016, even with the LOGI stock price at a relatively modest $15 or so, over 15% of its shares outstanding were sold short. Logitech stock looked cheap on a fundamental basis, but bears bet against LOGI
Meal kit company Blue Apron (NYSE:APRN) was up under 1% on Wednesday. This was the first uptick after a tough week for APRN stock. Don’t expect the good news to continue, though. Source: Roman Tiraspolsky / Shutterstock.com With intense competition, fading interest in meal kits and an unsustainable business model, Blue Apron stock faces an
Recently, I gave my personal take on streaming when I purchased a Roku (NASDAQ:ROKU) device. Previously, I was tethered to the cord, always talking about the benefits of cutting it, but never truly understanding it. But with Roku, I wholeheartedly get why millions everywhere are abandoning traditional TV. With that, has my take on iQiyi
On Oct. 28, Quebec-based cannabis producer Hexo (NYSE:HEXO) reported subdued financial results for its fiscal fourth quarter. Wall Street was not pleased with the numbers, primarily because Hexo’s management issued Q1 guidance that indicated that its revenue would not increase. Since the quarterly report, HEXO stock has been volatile and has dropped. On Nov. 14, its
When iQiyi (NASDAQ:IQ) announced its third-quarter results, IQ stock surged higher on strong subscriber growth, climbing from $17.5 to $20. But the momentum has failed to continue, and iQiyi stock fell back to $18.5 in a few trading sessions. I believe that IQ stock is likely to remain subdued because its business faces multiple challenges. Source:
A trader knows when to get out. An investor knows not to get in. A plunger is better off in Las Vegas. Tilray (NASDAQ:TLRY) and the other cannabis stocks were for plungers. Traders who paid close attention, and who got out at the first sign of a reversal, made money. Plungers were taken to the
Aphria (NYSE:APHA) stock reported strong numbers for the first quarter of 2020 and triggered a strong near-term rally. However, Aphria stock is still lower by 54% from 2019 highs. I further believe that APHA stock is unlikely to provide investors will any major upside trigger. Even if the downside is limited from current levels, it
iQiyi (NASDAQ:IQ) has really struggled to find its groove. That’s even after the recent rally, where IQ stock added about 10% in the first full week of November. Source: NYC Russ / Shutterstock.com It’s true that Chinese equities could be on the mend. With the trade war between the U.S. and China seemingly improving, names
Online real estate is a booming market, and among the better-known players in that space is Seattle-based Zillow Group (NASDAQ:Z, NASDAQ:ZG). If you want to take a long position in this specific niche, buying Z stock is one of the simplest and most direct ways to do it. Source: Shutterstock August wasn’t exactly a great