Check out the companies making headlines before the bell: Casper Sleep – The mattress retailer reported a quarterly loss of 16 cents per share, 2 cents smaller than anticipated, with revenue beating forecasts as well. Casper Sleep was negatively impacted by pandemic-related store closures, but that was partly offset by increased e-commerce and retail partner
Month: August 2020
It has been a forgettable year for most businesses. Industrial giant General Electric (NYSE:GE) is one of the hardest-hit companies due to the novel coronavirus, as GE stock shed more than 40% of its value since the beginning of the year. Source: Sundry Photography / Shutterstock.com The bulk of the lockdown falls in the second
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit
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
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,
Insurance for mobile and manufactured homes covers the home, your personal property, and liability claims—similar to the coverage you would find in a standard homeowners insurance policy. While you aren’t obligated by law to insure these homes, mortgage companies and mobile home communities may require coverage. Here’s a quick look at mobile home insurance—what it
Using a slow shutter speed an attendee is blurred as he walks by the Kodak booth during CES 2018 at the Las Vegas Convention Center on January 10, 2018 in Las Vegas, Nevada. David Becker | Getty Images Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency
Check out the companies making headlines before the bell: Marriott – The hotel operator reported an adjusted quarterly loss of 64 cents per share, wider than the 42 cent loss predicted by analysts and the first quarterly loss for Marriott in nearly nine years. Marriott continues to suffer from the impact of a Covid-19 related hit
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
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
Photo by: Conor Ogle Check out the companies making headlines in midday trading. Roku — Shares of Roku dropped nearly 7% after the streaming video company issued a bleak outlook. The company said the advertising industry outlook remains uncertain in the second half of the year, and that it believes total TV ad spend won’t
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
Borrowers seeking a mortgage to purchase or refinance a home must be approved by a lender in order to get their loan. Banks need to verify the borrower’s financial information and may require a proof or verification of deposit (POD/VOD) form to be completed and sent to the borrower’s bank. A proof of deposit may
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
Dana assembly technician Brandon Green wears a face mask as he works to assemble axles for automakers, as the auto industry begins reopening amid the coronavirus disease (COVID-19) outbreak, at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters As Congress haggles over stimulus to help the nation’s unemployed, markets await
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,
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight positive in July’s jobs report, but the focus remains on whether Congress can agree to
From the performance of its shares, Plug Power (NASDAQ:PLUG) has come a long way. It spent much of the last five years trading at around $2.00. Conversely, July 2020 is its breakout month after PLUG stock climbed to a high of $10.00 before selling-off by 20%. Today, it’s trading at more than $11. Source: Shutterstock
The Goldman Sachs Group, Inc. (GS) reported better-than-expected earnings per share on July 15, and the stock gapped higher at the open. Goldman shares popped to $225.23 that day and then dropped to as low as $196.30 on July 30. Goldman Sachs stock rebounded last week with a close above its 50-day and 200-day simple
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