Nikola Inc. (NKLA) shares rose more than 10% during Monday’s session after Deutsche Bank issued a short-term Buy recommendation ahead of earnings and Executive Chairman Trevor Milton’s partial update on the company’s balance sheet. Deutsche Bank analyst Emmanuel Rosner added the electric vehicle maker to the firm’s short-term “Catalyst Call Buy List” ahead of its
Month: August 2020
Take a look at some of the biggest movers in the premarket: Edgewell Personal Care (EPC) – Edgewell reported quarterly profit of 66 cents per share, short of the 82 cents a share consensus estimate. Revenue was also well below forecasts. The company behind Schick razors and Edge shaving cream said its sales were significantly
In 2020, the public focus on health has brought many small biotechnology companies and penny stocks, such as Ocugen (NASDAQ:OCGN), into the limelight. On June 1, OCGN stock was 17 cents. In late July, it jumped to almost $1. As I write, it’s trading above 50 cents. Source: luchschenF / Shutterstock.com Ocugen was formerly known as
There are three sides to a credit card transaction, the merchant, the customer, and the bank. It’s the latter where Capital One Financial (NYSE:COF) stock comes in. Source: Isabelle OHara/Shutterstock.com Companies that process transactions experience less volume during a recession. But they make out all right. Banks, however, have a problem. Everything you put on
On the whole, financial institutions haven’t had a wonderful year so far. The onset of the novel coronavirus made it difficult for lenders like Bank of America (NYSE:BAC) to make money. It also put pressure on the BAC stock price. Source: Michael Vi / Shutterstock.com Unlike technology stocks, banking-sector stocks have yet to stage a
Virgin Galactic Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design. Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the
Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines after the bell: Virgin Galactic — Shares of the space travel company tumbled 8% in extended trading after the release of second-quarter financial results. Virgin Galactic reported a loss of 30 cents per share and an adjusted EBITDA loss of $54
Within a day of each other, one analyst covering American Airlines (NASDAQ:AAL) upgraded AAL stock and one downgraded it. It seems analysts are having a hard time deciding whether the airline is likely to recover in 2020. In my opinion, American Airlines is the worst investment of the Big Four U.S, airlines and only should
The markets gapped higher and slowly churned throughout Monday’s trading session. And after a big week of earnings, we have another full slate of quarterly results to get through. With all of that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Chewy (CHWY) I
Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the company’s financial statements. Under the U.S. generally accepted accounting principles, or GAAP, assets that are considered “impaired” must be recognized as a loss on an income statement. Key Takeaways Impairment occurs
Editor’s note: “7 Dental Stocks to Buy for Long-Term Gains” was previously published in June 2020. It has since been updated to include the most relevant information available. A recent article from the Canadian Broadcasting Corporation, otherwise known as the CBC, suggested that dentists have been flocking to fire and safety equipment businesses to secure
On July 29, Carnival (NYSE:CCL) filed non-cash material impairments with the Securities and Exchange Commission (SEC) that totaled as much as $650 million. CCL stock dropped on the news. Source: Ruth Peterkin / Shutterstock.com Part of the impairment charges has to do with the sale of some of its cruise ships. There’s no question all
With its second-quarter earnings report due on Aug. 4, Activision Blizzard (NASDAQ:ATVI) will undoubtedly attract some attention this week. Yet, since there are so many other earnings announcements taking place (a “blizzard” of them, one could say), some traders might ignore Activision Blizzard stock altogether. That would be a mistake. Source: madamF / Shutterstock.com There’s
The novel coronavirus has already wreaked havoc on economic growth. The United States’ GDP contracted by a record 32.9% during the second quarter of 2020. Needless to say, that GDP contraction has also impacted profitability growth for many companies. But there are a handful of so-called coronavirus stocks performing incredibly well. With no end in
Since air traffic volumes are still down more than 70% year-over-year, it is no surprise that airline stocks are still struggling to gain any traction in their recovery. Unlike the rest of the stock market, they didn’t bottom until May. But when they finally did — and thanks in large part to trading platform Robinhood
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) got left behind last week. While Big Tech names rallied after earnings, Google stock declined over 3% on Friday. Source: BigTunaOnline/Shutterstock.com The divergence seems somewhat surprising. Google’s revenue and profits unsurprisingly took a hit from the pandemic. But the numbers handily beat Wall Street expectations. And commentary from management suggests the news
Historically, this would have been the perfect market for healthcare stocks. The combination of a global pandemic, economic weakness, and rising geopolitical tensions in theory would send investors scurrying to the traditionally defensive sector. Of course, at least since March, that hasn’t been how it’s played out. Some healthcare stocks have soared, most notably COVID-19
The shutdown of non-essential businesses across the United States was a sudden and unexpected shock to the economy. Of course, given what we knew about the severity of the novel coronavirus, the world had to do anything to stop its spread. But while the service industry was decimated, alongside the tourism and hospitality industries, the
The revolution of the Internet of Things (IoT) has been a long time coming and the exponential rise in demand for internet-based goods and services during the pandemic has only accelerated its growth. The long-term prospects for Internet of Things stocks are incredibly promising as it provides actionable data and insights that help companies make
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will