The Securities and Exchange Commission is investigating Eastman Kodak‘s disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, the Wall Street Journal reported Tuesday. On July 27, a day before Kodak, as well as President Donald
Month: August 2020
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared
Over the years, I have consistently pounded the table on groundbreaking technology firms. Collectively, we’re entering a period where multiple innovations are converging at once, sparking what I term the “Roaring 2020s.” Certainly, electric vehicles represent a vital cog in this gear. However, this does not include bizarre gimmicks like Electrameccanica Vehicles (NASDAQ:SOLO). Thus, I
Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12
A pedestrian wearing a protective mask exits from the Wall Street subway station in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The debate in Washington over the next round of fiscal stimulus and rising tensions between the White House and China could act as brakes on the stock
On Aug. 5, cruise stocks wavered on news that they would again extend their no-sail date through October. This hit shares of Carnival (NYSE:CCL), Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH). Fortunately for investors, Carnival stock managed to stabilize for the rest of the week. The problem is, obviously, that without cruises there isn’t
The market had trouble gaining upside momentum on Friday, as tech and growth stocks came under selling pressure. With that in mind, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Fastly (FSLY) Are you interested in Fastly (NYSE:FSLY) as a long-term investor? This was a
Although some folks on Wall Street may deny it, I believe there’s overwhelming evidence of a disconnect between investment market valuations and the real economy. Still, that doesn’t mean you can’t profit from the irrational enthusiasm. Better to go with the train than against it. However, at some point, the ride will likely end. When
Key Takeaways EPS was -$1.02 vs. the -$0.91 expected by analysts. Revenue declined, but beat analyst expectations. Gross bookings for Rides fell by more than expected, but bookings for Eats rose by more than expected. What Happened Uber reported larger-than-expected losses for its 2nd quarter, even as revenue beat analysts’ estimates. This is due to
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had set
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
Kroger (NYSE:KR) stock was underperforming for years before the novel coronavirus hit. No more. It opens for trade on Aug. 7 at about $35 a share. That’s a 21% gain for 2020, against 2.3% for the S&P 500 index, and 11% for Walmart (NYSE:WMT), the country’s biggest grocer. Source: Jonathan Weiss / Shutterstock.com Kroger operates
When I look at AYRO (NASDAQ:AYRO), it feels a bit like déjà vu from when I was recently asked to give an opinion on ElectraMeccanica Vehicles (NASDAQ:SOLO). I felt the basic problem for ElectraMeccanica was that it didn’t have a good answer to why this time is different. In other words, it might be the
Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a
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
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow visibility. Utility stocks should therefore be a part of the core portfolio as they reduce the portfolio risk. Mark D. Schild, assistant dean at the Stillman School of Business at Seton
If you’ve ever glanced at Luckin Coffee (OTCMKTS:LKNCY) and thought about buying some Luckin stock, hear me say this: don’t do it. Even though company shares are down 95% from their peak, Luckin’s $2.50 stock price still reflects a buoyant alternate universe. Source: NewsToday / Shutterstock.com In reality, corporate insiders, preferred shareholders, and Chinese market
The S&P 500 is filling its February gap, causing some to wonder what’s next: all-time highs or a potentially large pullback? With that in mind, let’s look at a few top stock trades in the meantime. Top Stock Trades for Tomorrow No. 1: Uber (UBER) Uber (NYSE:UBER) is set to report earnings on Thursday, after
The Monte Carlo model makes it possible for researchers from all different kinds of professions to run multiple trials, and, thus, to define all the potential outcomes of an event or a decision. In the finance industry, the decision is typically related to an investment. When combined, all of the separate trials create a probability
Source: Quicken Loans Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the company