Month: July 2020

Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
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Massive industrial conglomerate General Electric (NYSE:GE) has been through a number of dynasties, each marked by a CEO with a unique vision. The price of GE stock has reflected these vicissitudes, sometimes with gains and other times with gut-wrenching losses. Source: JPstock/Shutterstock.com Current CEO Larry Culp’s tenure, while not a new development anymore, is still
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A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net
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Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading.  Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
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Just a few months ago, the fundamental case for DraftKings (NASDAQ:DKNG) was undeniably credible. As you know, fantasy sports have taken on a whole new meaning since its inception. No longer associated with the nerd subculture, the institution of fantasy sports has gone mainstream. Thus, the idea of buying into DraftKings stock was inherently logical.
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Demand for flying is steadily increasing amid declining fear about the novel coronavirus. That bodes well for Delta (NYSE:DAL) stock. Source: NextNewMedia / Shutterstock.com Delta’s cash burn has tremendously decreased and is quite manageable. Also, the recent spike in coronavirus cases in a few locations is not going to result in the type of all-encompassing
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Under Armour (NYSE:UA, NYSE:UAA) looks exceptionally expensive. UA stock trades at 60x 2021 consensus earnings estimates. But in this case, that forward multiple is somewhat deceiving. Source: AuKirk / Shutterstock.com After all, the Street estimate for 2021 suggests net margins of a bit over 1%. And thanks to cost-cutting and, at some point, faster growth,
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It’s not the most famous cloud-based tech firm on the planet, but Fastly (NYSE:FSLY) is a name that’s gaining traction lately. The buzz surrounding FSLY stock is well-earned as this company is far from a cloud-computing Johnny-come-lately. Source: Shutterstock Commentators shouldn’t throw the word “innovator” around lightly. However, the term is entirely appropriate in the
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