Take a look at some of the biggest movers in the premarket: ADT (ADT) – Alphabet’s (GOOGL) Google unit will invest $450 million for a 6.6% stake in ADT, as part of a partnership that will see ADT offer Google’s Nest smart home devices to its customers. Each company will also commit $150 million to
Month: August 2020
With shares back above $20 per share, should you dive into Virgin Galactic (NYSE:SPCE) stock? Not so fast! Recent developments, and overall excitement over space exploration companies, may have sent shares higher. But at today’s prices, the risk/return proposition is even less in your favor. Source: Tun Pichitanon / Shutterstock.com How so? Right now, Virgin
Getty Images Check out the companies making headlines in midday trading. Kodak — Shares of Kodak soared about 330% after President Donald Trump tapped the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. The shares skyrocketed as much as 570% at one point. Trading was halted more than 15 times Wednesday
Inovio Pharmaceuticals (NASDAQ:INO) is a hot stock to watch right now.The shares of INO stock are up more than 647% from a year earlier. Source: Ascannio / Shutterstock.com In some ways, that is surprising, given that the pharmaceutical company doesn’t currently have any products on the market. The stock jumped after Inovio entered the race
Weighted Average vs. FIFO vs. LIFO: An Overview When it comes time for businesses to account for their inventory, businesses may use the following three primary accounting methodologies: Weighted average cost accounting Last in, first out (LIFO) accounting First in, first out (FIFO) accounting Each of these three methodologies relies on a different method of
Getty Images The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic. Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover. In this unprecedented
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo reported adjusted earnings of $1.50
Over the past few months, I’ve supported the comeback narrative of Carnival (NYSE:CCL) and the cruise ship industry. At some point, CCL stock will make for a tremendous discounted opportunity. At the same time, you must look at reality. That means you should wait out the storm before pulling the trigger on Carnival. Source: Ruth
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Big tech could be about to make a big splash. Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday. Apple, Amazon, Alphabet and Facebook — worth
What in store for American Airlines (NASDAQ:AAL) post-pandemic? Sure, a rapid comeback in AAL stock is possible. But, compared to other airline plays, it faces a tougher road ahead. Source: GagliardiPhotography / Shutterstock.com How so? Firstly, one could argue that low-cost carriers like Southwest (NYSE:LUV) are better airline recovery plays. Secondly, the airline faces more
Healthcare is expensive. In addition to rent or mortgage payments, healthcare costs can be one of the biggest monthly budget items for many individuals. Paying medical bills can be a financial burden and a significant challenge. To help consumers address this challenge, a variety of well-known lenders and healthcare companies–including GE Capital, JPMorgan Chase, CitiGroup,
The worst appears over for the economy, but the latest data casts doubt on how long it will take to recover and for the millions of lost jobs to come back. The economy contracted by a shocking 32.9% in the second quarter. The report of second quarter gross domestic product, released Thursday, is a backward
As expected, General Electric’s (NYSE:GE) second-quarter earnings were dismal, sending GE stock lower by 4.35% on July 29, the day the report was delivered. Source: Sergey Kohl / Shutterstock.com The industrial conglomerate lost 15 cents a share in the June quarter though revenue of $17.75 billion beat Wall Street estimates of $17.12 billion. Although revenue
CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors. “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.” Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
Shake Shack, one of the many storefront businesses boarded in downtown Brooklyn over the fears of looting. Erik McGregor | Getty Images Just looking at the earnings for Apple, Amazon, Facebook and Google, you might get the impression that everything is going swimmingly for second- and third-quarter earnings. But that’s not the case. “We continue to
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The market could lose some of its exuberance in the week ahead as the calendar turns to August, and
Spotify (NYSE:SPOT) stock dropped in late July after the global music streaming giant reported shaky second quarter earnings that missed expectations and included a weak guide for the rest of the year. Source: Kaspars Grinvalds / Shutterstock.com Zooming out, Spotify’s earnings broadly confirm that SPOT stock is overvalued at current levels. From a product, platform,
With four out of the five FAANG components reporting earnings on Thursday evening, we saw more than $5 trillion worth of market capitalization report in a single night and trade on those results on Friday. With that mind, let’s look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: