Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla – Shares of the electric vehicle company slid more than 14% after it was not added to the S&P 500, despite widespread speculation
Month: September 2020
It was another win for the bears on Tuesday, as stocks came under more selling pressure to start the week. With that in mind, let’s look at a few top stock trades as push into the holiday-shortened trading week. Top Stock Trades for Tomorrow No. 1: Gold ETF (GLD) In what has been a tough
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Some companies have trouble written all over them. One such example is biopharmaceutical firm Ocugen (NASDAQ:OCGN). Even before the novel coronavirus upturned the world, OCGN stock was a struggling unit, with the issuing company facing bankruptcy. Overall, this fundamental assessment hasn’t changed. What has shifted, though, is the surrounding ecosystem. Source: Shutterstock As the Wall
Key Takeaways The ECB will announce monetary policy as Eurozone inflation sags. China announces trade balance data, how is the world’s commerce recovering? U.S. releases July JOLTs data. After the first weekly losses for U.S. markets in five, investors will get an extra day next week to gather themselves. U.S., Canadian, and Brazilian markets and
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters Most investors can relate to the dilemma faced by the S&P Dow Jones Indices committee as it bypassed Tesla for inclusion in the S&P 500 last week. Tesla had more than
A customer looks at athletic apparel inside a Lululemon store. Xaume Olleros | Bloomberg | Getty Images Check out the companies making headlines after the bell: Slack — Shares of the messaging platform tanked 14% in after hours trading on Tuesday despite its better-than-expected quarterly results. Revenue came in at $215.9 million, higher than the estimated
Concerns that the U.S. government will ban the Chinese social media app TikTok is taking its toll on Fastly (NYSE:FSLY) stock, with the company’s shares down nearly 33% over the past month. Source: Pavel Kapysh / Shutterstock.com Does this mean the dramatic ride in Fastly is coming to an end? Not at all. And despite
It’s been a great year for both initial public offerings and also e-commerce stocks. Vroom (NASDAQ:VRM) stock arrived at just the right time, as the company benefits from both factors. Not surprisingly, Vroom’s June IPO was a success. Since Vroom stock started trading, shares are up by around 21%. Source: Lori Butcher / Shutterstock.com That’s
Online investing platform Robinhood has enjoyed a stellar year with more than 3 million signups in the first quarter of 2020. In June, investors scanning for the best Robinhood stocks engaged in 4.3 million transactions in a single day. A big part of its success is its easy-to-use interface, commission-free trades, and free stocks on
Red-hot tech stocks fell off a cliff heading into the Labor Day weekend. Facebook (NASDAQ:FB) stock was no exception. FB stock dropped about 7% in a matter of days. Source: rvlsoft / Shutterstock.com To be clear, this tech sell-off is nothing to worry about. It’s a totally natural and totally healthy valuation gut-check. Tech stocks
Alongside the rest of the technology sector, Dropbox (NASDAQ:DBX) fell off a cliff somewhat unexpectedly heading into the Labor Day Weekend, with shares shedding as much as 12% in a matter of two days. This sell-off in tech stocks — and specifically in DBX stock — is nothing more than a golden buying opportunity. Source: Allmy
SAP (NYSE:SAP) stock has certainly been in the rally mode lately, along with a myriad of other mega tech operators. Since March, the shares have gone from $94 to $159, putting the current market capitalization at about $187 billion. Source: Tada Images / Shutterstock.com Keep in mind that SAP has been around since 1972 and
Red-hot tech stocks fell off a cliff heading into the Labor Day weekend. Alteryx (NASDAQ:AYX) stock was no exception. AYX stock dropped about 15% in a matter of days. Source: Shutterstock Don’t stress this sell-off in tech stocks, or in AYX stock. This is just a valuation gut check after tech stocks had rallied in
If there’s one assumption we can make about the auto-industry in the corona-economy, it’s that the markets are wild for electric vehicles (EV), specifically those made by Workhorse Group (NASDAQ:WKHS). WKHS stock has had a really good run. Source: rblfmr / Shutterstock.com The Ohio-based automaker hopes to disrupt the shipping industry with its all-electric commercial
Editor’s Note: “10 SPAC IPO Stocks to Buy as They Grow in Popularity” was previously published in March 2020. It has since been updated to include the most relevant information available. Not many investors are familiar with special purpose acquisition companies (SPACs), a special breed of IPO stocks that enable well-connected sponsors to raise hundreds
Red-hot NIO (NYSE:NIO) stock dropped sharply in early September in sympathy with a broader tech stock rout that dragged the Nasdaq down as much as 5% on Sept. 3. The sell-off in NIO stock, however, comes despite the company reporting strong August deliveries of 3,965 – up 12% month-over-month and up 104% year-over-year. Source: Carrie
Whiting Petroleum (NYSE:WLL) stock is rallying after exiting from bankruptcy proceedings. It’s interesting that both before and after Chapter 11, WLL stock rallied. Source: Shutterstock But like a lot of stocks these days, this unusual bit of momentum trading is down to Robinhood app traders. Despite weak fundamentals, WLL stock got pushed to unreasonable heights,
With its whisper-quiet driving experience, environmentally friendly profile, and inherently superior reliability due to fewer moving parts, it’s no wonder why modern drivers have elected electric vehicles over their combustion-powered counterparts. But no matter how hard I try, I don’t have the same understanding for Electrameccanica Vehicles (NASDAQ:SOLO). SOLO stock is an example of the
Tesla remains one of the hottest companies on the market, with an incredible P/E ratio of 1,076.31. However, it is also one of the most volatile stocks, meaning investors who want a cost-effective way to gain exposure to Tesla should consider investing in one of these three exchange-traded funds (ETFs) that include the California-based electric