Tech stocks have emerged as winners of the stock market for the first two decades of the 21st century. One would suspect that the trend should continue into the third, considering how the sector has grown over the years. With the growing influence of technology in different industries, tech stocks have evolved from being mere
Stocks to sell
It’s no surprise Penn National (NASDAQ:PENN) stock has held onto its epic gains from the past few months. With its casinos coming out of lockdown, investors are still itching to wager on a rapid recovery. But, more importantly, Penn’s sports wagering catalyst (its partnership with Barstool Sports) stands to move the needle, if the NFL
As I write this on July 15, Southwest (NYSE:LUV) is having an excellent day on the markets with LUV stock up more than 8% on the day and just a little more than 60 minutes of trading until the 4 p.m. bell. Source: Carlos E. Santa Maria / Shutterstock.com The $2.81 move by Southwest puts
With many brick-and-mortar stores closed in recent months thanks to the novel coronavirus, shipping companies like FedEx (NYSE:FDX) are seeing increased traffic and profits. FDX stock is up 20% in the last month. Source: Antonio Gravante / Shutterstock.com But I’m not looking for this ride to last. In fact, FedEx is living on borrowed time.
With novel coronavirus lockdowns easing, Activision Blizzard’s (NASDAQ:ATVI) second- and third-quarter growth may disappoint some investors. As a result, Activision Blizzard stock could retreat meaningfully following its second-quarter results. Source: Lauren Elisabeth / Shutterstock.com Activision is due to report its Q2 results on Aug. 4. Activision Rallied Amid Widespread Bullishness The market seems to be
For anyone that has lived through the Great Recession – or watched the film The Big Short – the words leverage and mortgages in combination tends to at least raise eyebrows, if not send involuntary shudders. And sure enough, MFA Financial (NYSE:MFA), which specializes in leveraged mortgage-backed securities, has been one of the worst-hit companies
DocuSign (NASDAQ:DOCU) stock has been on fire in 2020 amid surging demand for digital contract management solutions, with DocuSign up more than 160% year-to-date. Source: Sundry Photography / Shutterstock.com Wall Street’s love affair with this work from home favorite, however, is overdone. DocuSign is a great company. But DOCU stock is significantly overvalued at current
Investors who are interested in buying Grubhub (NYSE:GRUB) stock should instead buy the shares of the company that last month agreed to buy Grubhub. That acquirer is Europe-based Just Eat Takeaway.com (OTC:TKYY). In the short-term and the medium-term, the outlook of the latter company’s stock is superior to that of Grubhub stock. Source: Lori Butcher
With a debt laden balance sheet and continued volatility in the upstream oil and gas market, Occidental Petroleum (NYSE:OXY) stock is too volatile for investors to bet on at this time. Source: Pavel Kapysh / Shutterstock.com Investors looking for exposure to the oil and gas sector should consider companies in the space that are in
Give Occidental Petroleum (NYSE:OXY) its due. OXY stock jumped almost 58% in the second quarter as even some of the most battered fossil fuels producers rebounded from their March lows. Source: Pavel Kapysh / Shutterstock.com That rally is in the rearview mirror, and the surge is not an invitation to chase Occidental. As is the
The good news for Carnival (NYSE:CCL) is that the company’s stock is 80% higher since bottoming out at just under $8 in March. However, the bad news for CCL stock is that it’s still down over 70% since the first of the year. Source: Ruth Peterkin / Shutterstock.com For most of the last three months,
As of June 29, Beijing-based coffee retailer Luckin Coffee (OTCMKTS:LKNCY) got delisted from the NASDAQ Exchange. Now, Luckin stock is a penny stock that may also be a bankruptcy-candidate. Source: Keitma / Shutterstock.com There has recently been increased day trading interest in shares of potentially bankrupt companies, such as Hertz Global (NYSE:HTZ), JCPenney (OTCMKTS:JCPNQ), and Whiting Petroleum (NYSE:WLL).
Carnival’s (NYSE: CCL) fiscal second-quarter earnings fell short of investor expectations by a wide margin. Analysts, on average, were expecting a net loss of $1.76 per share on $737.8 million of revenue. On June 18, Carnival reported a net loss of $3.30 per share on $700 million of revenue. Since the announcement CCL stock has shed
Although I focus on megatrends to extract the best possible investing ideas, they’re also useful as a warning system against stocks to avoid. In particular, I avoid chasing fads like Beyond Meat (NASDAQ:BYND). Admittedly, Beyond and the plant-based protein industry are hot topics. However, I ultimately see Beyond Meat stock fading away not in dissimilar
Occidental Petroleum (NYSE:OXY) continues to follow the basic track of other oil stocks. In early June, I could understand investors taking a flyer on OXY stock. After all, initial concerns about the company’s liquidity appear to be unfounded. Source: Pavel Kapysh / Shutterstock.com And so, in some ways, it makes sense that the stock would
Kohl’s (NYSE:KSS) and Kohl’s stock don’t look like winners in the short term or the long term. The retailer just doesn’t appear to have what it takes to succeed during the novel coronavirus crisis in particular or the e-commerce revolution in general. Source: Sundry Photography/Shutterstock.com For retailers with hundreds of brick-and-mortar stores to thrive in
Normally, companies declare bankruptcy, their stocks plummet and shareholders get wiped out. But car rental company Hertz (NYSE:HTZ) refused to go out like that. More specifically, speculators betting on an impossible turnaround refused to let Hertz stock go out without a bang. Source: Eric Glenn/Shutterstock.com In the weeks after Hertz filed for bankruptcy in late
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
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
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
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