The lure of a low-priced stock is irresistible to many potential investors, as shares of troubled oil producer Whiting Petroleum (NYSE:WLL) are showing. But price is not everything. And WWL stock is unsuitable for a legitimate portfolio. Source: Shutterstock This company poorly played the collapse of oil prices and the other effects of the novel
Month: September 2020
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Source: CNBC Citigroup CEO Michael Corbat said that he is retiring in February after eight years leading the bank, and that the firm’s retail banking chief Jane Fraser will succeed him, making her the first female CEO of a
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – Shares of the luxury goods retailer are under pressure after France’s LVMH said it would stick to a Nov. 24 deadline to complete the deal and that current circumstances would not allow that to happen. Tiffany said it would sue
Is now the time to “buy the dip” in Nio (NYSE:NIO) stock? Not so fast! Earlier this year, the Chinese electric vehicle (EV) maker seemed headed for disaster. But,a partnership deal with a Chinese municipality put bankruptcy concerns to rest. Add in the mania in EV stocks driven by Tesla (NASDAQ:TSLA), and this stock has
“Why do I need a lawyer?” many a do-it-yourself-oriented homebuyer often asks. “Can’t real estate agents see me through?” Well, they can in most states. That doesn’t necessarily mean that they should. Although using an attorney can cost thousands of dollars, it is often money well spent. Read on to find out how a real
The Hyliion Hypertruck ERX Source: Hyliion Inc. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hylioon will vote on their merger on September 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention to
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton earned 27 cents per share for its latest quarter, compared to the consensus estimate of 10 cents a share. The exercise equipment maker’s revenue also topped expectations. The profit was Peloton’s first ever, with revenue nearly tripling on the
Genius Brands International (NASDAQ:GNUS) is down over 38% in the past month. In fact, since July 22, GNUS stock has dropped 46% from $1.93 to $1.04. I had warned investors then that the stock was likely to fall in my article “Beware Shareholder Dilution With Genius Brands Stock.” Source: Syda Productions/ShutterStock.com At the time I
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes
Roberto Machado Noa Check out the companies making headlines midday Friday: Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the 10 cents expected by analysts polled by Refinitiv. Sales surged 172% during the quarter
The stock market ended a tough holiday-shortened trading week, as volatility continues to creep back into the market. With that in mind, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Peloton (PTON) Peloton (NASDAQ:PTON) reported a stellar quarter, but it wasn’t enough to bid shares
I may have gotten into Bank of America (NYSE:BAC) stock a little early last month. Source: Jonathan Weiss / Shutterstock.com Bank stocks are still in bad odor because money remains free. The Federal Reserve has said it will pour money into the economy even if inflation rises. A three-month Treasury bill now yields .13%, a
For United Airlines (NASDAQ:UAL) stock, the bad news just keeps coming in 2020. Source: NextNewMedia / Shutterstock.com The stock was already down a whopping 56% year-to-date because of the novel coronavirus and its debilitating effect on the airline industry. Then, on Wednesday, United announced that the company’s long, slow recovery will be longer and slower
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters Markets are looking
Marathon Oil (NYSE: MRO) is a prime example of an oil play that investors shouldn’t be considering.especially since MRO stock is worth just about a third of what it was in January. Source: Casimiro PT / Shutterstock.com Volatility has become the new normal in the US stock market, as the novel coronavirus continues to hang
CNBC’s Jim Cramer on Thursday praised the appointment of Jane Fraser as the next chief executive office of Citigroup, making her the first woman to lead a U.S. megabank. “The glass ceiling in banking maybe is finally cracking,” Cramer said on “Squawk on the Street.” Citi is the third-largest U.S. bank by assets. Fraser is set to
Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – The drugmaker said it should know before the end of the year whether its experimental Covid-19 vaccine is effective, if it can resume clinical trials soon. Late-stage trials are currently suspended while an independent safety committee investigates an illness suffered
While stocks raced higher in the opening few minutes of trading, equities faded hard in the afternoon. With that in mind, let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Penn National Gaming (PENN) Penn National Gaming (NASDAQ:PENN) has been a beast, emphasized by Thursday’s 7.4% pop
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