[Editor’s note: This story was updated on Feb. 5 to correct the list of companies that report earnings tonight.] It’s been a very interesting week, made even more interesting by the action in the stock market today. Can we recap for just a moment? On Friday, stocks dropped into the weekend, as the S&P 500
It’s been a rough start to February for investors in the silver space (SLV), with the metal down 3% to start the month, and the Silver Miners ETF (SIL) down over 4%. Unfortunately, this has left many speculators trapped without much ammunition to do any buying, given that we had exuberant levels of long exposure among speculators heading into this
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Shares of Tesla are roaring higher — but some are worried Elon Musk’s electric carmaker might be a speculative bubble that sometimes occurs in financial markets, especially near the end of bull markets. Rising more than 110% in
A Tesla car dealership in Munich. (Photo by Sean Gallup/Getty Images) Sean Gallup | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Tesla— Shares of Elon Musk’s automaker roared more than 15% higher, continuing a surge begun on Monday after major shareholder Ron Baron called for the company’s
Finnish telecommunications company Nokia (NYSE:NOK) will report its fourth-quarter earnings on February 6. As the big day approaches, the market seems concerned about the results. The company’s third-quarter earnings came in below analysts’ average estimate, sending NOK stock plummeting 24% in a single day. Source: RistoH / Shutterstock.com Although the shares have subsequently stayed well
Caterpillar (NYSE:CAT) reported its fourth-quarter results on Jan. 31 that showed lower revenue but 3% higher net income per share. Moreover, its cash flow remains very healthy. CAT stock remains very cheap with a forward price-to-earnings ratio below 13 and a 3.2% dividend yield. Source: astudio / Shutterstock.com One potential downside is the company’s outlook
In the midst of the eCommerce revolution, Pier 1 (NYSE:PIR) doesn’t have what it takes to generate positive returns for the owners of PIR stock. Source: Jonathan Weiss / Shutterstock.com In all likelihood, the troubled retailer’s results will continue to deteriorate. It may stay in business in zombie-like form for a long time while its
Investors have bought the dip again. The three major equity indices all gained at least 1.4% on Tuesday, with the tech-heavy NASDAQ Composite climbing over 2%. After coronavirus fears rocked the market last week, a return to all-time highs is less than two percentage points away. Source: Shutterstock Hopes are rising that the virus will
A bearish winter season The spring could get worse The summer could see natural gas react to politics in the US The 2019/2020 peak season for demand in the natural gas futures market began in early November when the price of the nearby NYMEX futures contract rose to a high of $2.905 per MMBtu. The
In Swing Trading Today we discuss after reporting strong earnings if it is time to buy Tesla, Microsoft and Facebook. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they
On Monday, the SPDR S&P 500 ETF (NYSEARCA:SPY) rallied 1.5%. However, despite those gains, it closed well off the highs. It left a lot of investors wondering what type of action was heading our way in the stock market today. Not many were pricing in a 1.5% surge on Tuesday, as the S&P 500 ground
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters Halfway through earnings season for the fourth quarter of 2019, and it’s been a tale of haves and have-nots. The haves include megacap tech names like Netflix, Intel, Microsoft,
Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters Tesla surged after bullish comments from investor Ron Baron helped send the stock to parabolic heights, similar to the type of trading in late-1990s tech stocks. The stock closed
Against big picture fundamentals, I consider Freeport-McMoRan (NYSE:FCX) a no-brainer. Not only that, I’m putting my money where my mouth is, picking up shares of Freeport-McMoRan stock. Source: MICHAEL A JACKSON FILMS / Shutterstock.com I intend to steadily add to my position should volatility further discount the equity price. But while I’m optimistic about the
When growth is going, people look askance at utilities. They’re boring. They aren’t big growers. They’re reliable. I remember when the dot-com boom was near its height, there were plenty of brokers and financial talking heads saying growth was the new income. Ditch your boring utilities and total return stocks and get into the growth.
All things considered, Americans are a forgiving bunch. Either that, or they’re too apathetic to hold a grudge for long. Whether it’s a food-poisoning crisis at a popular eatery or a severe data breach, most folks seem willing to accept an extended olive branch. Unfortunately, Wells Fargo (NYSE:WFC) isn’t benefitting from American graciousness. In fact,
These past few months seemed as if things could not get any worse for Aurora Cannabis. The company received multiple analyst downgrades while the stock price plunged to 52-week lows of under $2 on the NYSE. Their next earnings report which is scheduled for next week on February 10th, 2020 and it is going to
In recent years, investor worries about valuation usually have focused on high-multiple, high-growth stocks. Shopify (NYSE:SHOP) and Roku (NASDAQ:ROKU) are two of the better examples. Both stocks trade at seemingly obscene multiples relative to revenue, let alone profits. But both stocks have soared: ROKU gained 355% in 2019, and SHOP 187%. Source: Shutterstock Even among
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla jumped in premarket trading Tuesday, smashing past the $800 level and set to open at a new record high.