A Lyft logo is installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh. Gene J. Puskar | AP Check out the companies making headlines after the bell: Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees
Even by the standards of a market that loves growth names, HubSpot (NYSE:HUBS) has had a strong 2020. HubSpot stock has raced to new highs, nearly tripling from March lows and climbing 63% year-to-date. Source: rafapress / Shutterstock.com As with so many growth names, valuation admittedly looks like a concern. HUBS trades at almost 200x
There is no shortage of opinions from InvestorPlace writers telling you the same thing. Chesapeake Energy (OTCMKTS:CHKAQ) is bankrupt. And if you still own Chesapeake stock, your shares will likely be deemed worthless by the court. Source: Casimiro PT / Shutterstock.com I also argued against buying into the bankruptcy trade in June. It seems investors
Tech stocks experienced some early selling on Monday, as there is clear sector rotation under way. The question is, how long will that rotation last? Let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: MGM Resorts (MGM) We saw a rotation into airline, cruise and casino stocks on Monday,
Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S.
Workers do final preparations on a Kodak stand on the eve of CES in Las Vegas, Nevada on January 8, 2018. David McNew | AFP | Getty Images Check out the companies making headlines midday Monday: Kodak — Kodak shares slid more than 30% after a federal agency said its $765 million loan for the
Electric car stocks have been getting a lot of attention on Wall Street lately. Despite various uncertainties posed by the novel coronavirus pandemic, the share prices of many electric vehicle firms have hit 52-week or even all-time highs. But some electric car stocks are better investments than others. In 2017, EV sales surpassed one million.
These are rough days in the oil patch and Exxon Mobil (NYSE:XOM), the largest domestic oil company, proves as much. A member of the Dow Jones Industrial Average, Exxon Mobil stock is lower by 37.16% year-to-date, embodying the energy sector’s status as one of the worst-performing groups in the S&P 500 in 2020. Source: Harry
Genius Brands (NASDAQ:GNUS) and GNUS stock are intriguing and have a great deal of potential. Source: patat / Shutterstock.com But given the stock’s still-stratospheric valuation and the lack of clear-cut success by the company, I think that it’s not yet a good time to buy the shares. Genius Brands’ app, The Kartoon Channel, received primarily
A break higher on bullish inventory data Lower production has balanced the fundamental equation Watch open interest in the NYMEX futures market for clues about price direction The crude oil experienced wild volatility over the first three months of 2020. In early January, a faceoff between the US and Iran in Iraq pushed the price
Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator lost 61 cents per share for the second quarter, wider than the 31 cents a share loss that Wall Street analysts had been anticipating. Revenue was also below estimates, with Hilton suffering from the pandemic-induced drop
Airline stocks have been beaten and battered. They have been volatile and will remain volatile as travel trends continue to fluctuate. However, I have been taking a closer look at the group and like the way JetBlue (NASDAQ:JBLU) is shaping up. While JBLU stock is up more than 60% from the lows, it’s still down
Many stocks hammered by the novel coronavirus have bounced back, but not names like Carnival Cruise Lines (NYSE:CCL). Investors may be willing to take a gamble with airlines, but CCL stock just makes people nervous. Source: Ruth Peterkin / Shutterstock.com No surprises here. While airlines are slowly climbing back from their lows, cruise ships remain
Tonight we discuss the stock market futures. We also discuss who is eligible for the payroll tax cut holiday. We review many chart request submitted by our members. We perform technical analysis on those charts. ✅15 Minute Live-Stream Alert List! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Bob’s 5 Most Powerful Video Tutorial – Free http://bit.ly/2IpRUPU ✅14
Spencer Platt | Getty Images As earnings season wraps up, analysts are reviewing their short-term and long-term take on the stocks they cover. While some companies delivered blowout quarters (see below), other stocks are suffering as global restrictions continue. And while government-backed stimulus programs can provide some relief, the truth remains that the pandemic- and
Check out the companies making headlines after the bell: Dropbox — The data services company’s stock fell 6% during extended trading despite beating analyst predictions for second-quarter financial results. Dropbox posted earnings of 22 cents per share excluding certain items, which was 5 cents higher than analysts expected, according to Refinitiv. The company recorded revenues of $467
Shares of Wayfair (NYSE:W) popped to all time highs in early August after the online home decor retailer reported second quarter numbers which blasted past expectations and broadly underscored one simple reality: Thanks to Covid-19, Wayfair is turning into the Amazon (NASDAQ:AMZN) of the furniture category. Source: Jonathan Weiss / Shutterstock.com Wayfair stock now trades
Activision Blizzard (NASDAQ:ATVI) delivered very strong second-quarter results, and there’s a great deal to like about the company, including its extremely popular games and its loyal and rapidly growing user base. Activision Blizzard stock is another question altogether, though. Source: Piotr Swat / Shutterstock.com The company’s third-quarter guidance was uninspiring, and as I predicted previously,
Tonight Sunday Night Stock Market Live we will discuss the inverse correlation of Inflation vs. Gold, Silver, Bitcoin and answer this questions. Is inflation rising? And, should I buy gold, silver and commodities to protect and build wealth. Bob Desmond will use stock charts and technical analysis to discuss if this current bear market will
Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the