Thanks to positive business updates from both Uber (NYSE:UBER) and its main competitor Lyft (NASDAQ:LYFT), Uber stock soared in early June to its highest levels since the novel coronavirus pandemic emerged. Source: Shutterstock First, Lyft reported that May ride volume rose 26% from April. More than that, the company said ride volume has risen for
Month: June 2020
Marathon Oil (NYSE:MRO) stock was a solid energy price rebound play, as I’ve discussed previously. But, as oil trades around $36 a barrel, it’s debatable whether prices will continue climbing back to where they were before the novel coronavirus. Granted, things are looking brighter for MRO stock than before. Yet, these improved fortunes are already
The coronavirus pandemic altered society in immeasurable ways, including, of course, investing. Stocks that benefited from people staying home, such as Netflix and Zoom Video, outperformed expectations in the past few months, while retailers and airline companies, among others, saw their stocks fall off a cliff. And now some of those worst-performing stocks of March
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Lyft – Shares of the ride-hailing company jumped more than 11% after the company said that demand has begun to recover. Lyft said it
Whether you’re a bull or a bear, there’s no denying that 2020 has been a banner year for Co-Diagnostics (NASDAQ:CODX) stock. The price action reflects a frenzy of trading activity in the wake of the novel coronavirus outbreak. Source: Shutterstock The moderate pullback in CODX stock since mid-May is understandable. After all, shares were under
Calculating Taxes from Cash Flow Being able to assess a company’s operating cash flow (OCF)–and how that is impacted by taxes–is an important skill in evaluating a company’s overall health. The operating cash flow indicates the cash a company brings in from ongoing, regular business activities. The operating cash flow can be found on a
Almost every company could use some positive developments following the novel coronavirus. Arguably, General Electric (NYSE:GE) needs it the most. Even before the pandemic, the once-mighty industrial giant needed everything to go smoothly to lend credibility to its low-probability recovery initiative. But like with the pandemic, everything that could go wrong, did go wrong for
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Which stocks are primed to
Take a look at some of the biggest movers in the premarket: J.M. Smucker (SJM) – The food producer reported quarterly earnings of $2.57 per share, beating the consensus estimate of $2.29 a share. Revenue also beat forecasts, driven by increased consumer demand resulting from the Covid-19 pandemic. Smucker did forecast a 1% to 2%
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: In this lesson, students learned the importance of stability. The most important reason why we must pick a stable stock is
These terms are more efficient than terms like “buy” and “sell” because they tell your position–your mindset on a particular stock or on the industry. Long: -Positive on the market -You can also be “long” on a particular stock: If you are long Nike, you’re expecting it to go up Short: -Negative on the market
http://www.zacks.com – Kevin Matras goes over a seldom talked about options strategy called Ratio Back Call Spreads. Learn how it works and how you might be able to use them.
To call Advanced Micro Devices (NASDAQ:AMD) stock a “runner” would be no exaggeration, at least from a long-term perspective. Up more than 2,000% since 2015, the shares have enriched patient investors with market-beating returns. Source: Sundry Photography / Shutterstock.com The first half of 2020 has tested AMD stock traders’ patience, however. The share price has
[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com What’s next for Penn National Gaming (NASDAQ:PENN) stock? Shares have skyrocketed in recent weeks. With casinos reopening after the novel
Jim Cramer Scott Mlyn | CNBC Following a “superb” jobs report, Jim Cramer noted that hedge funds managers who made big bearish predictions about what the pandemic would do to the market and economy were wrong. And the relentless higher price action that many doubted was right. “The market got it right,” CNBC’s Cramer said
People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images Millions more Americans lost their jobs in May, on top of the
Coronavirus, also called COVID-19, has caused a crisis for the global economy and markets. With an escalating number of confirmed cases globally, the World Health Organization has declared the virus to be a global pandemic, meaning that it will have a sustained global impact. Many countries’ economies already were slowing before the pandemic, and
Halliburton (NYSE:HAL) has been a major player in the oil and energy industry for decades. And like many other companies, Halliburton stock is continuing to suffer the effects of the economic downturn brought on by the novel coronavirus. Source: hkhtt hj / Shutterstock.com In April, the company announced that it lost $1 billion during the
Back in April, I held a bearish outlook on Penn National Gaming (NASDAQ:PENN). At that time, casinos were still closed and the return of live sports seemed very cloudy. However, many investors did not agree with me, and they’ve been rewarded. PENN stock has nearly doubled in the last month. Source: Jeffrey J Coleman /
Boeing (NYSE:BA) has fallen 36% this year. As a result of its collapse in 2020, Boeing stock has now underperformed the markets as a whole in every period Morningstar tracks over the past 15 years. How the mighty have fallen! And I’m one of the casualties of the decline. Long bullish on the company, in
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