Month: September 2020

Check out the companies making headlines in the premarket Monday: Nvidia (NVDA) — Nvidia shares popped more than 6% in the premarket after the company announced it would buy fellow chipmaker Arm Holdings from SoftBank. The deal is valued at $40 billion and Nvidia will finance it through a combination of cash and common stock. Immunomedics (IMMU),
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Covid 19 has weakened demand for oil resulting in declining production and prices. Hence, industry stalwarts such as Exxon Mobil (NYSE:XOM) have taken a beating. However, with a focus on cost-reduction, debt management, and dividend expansion, Exxon Mobil stock is still worth investing in. Source: Harry Green / Shutterstock.com Second-quarter results were expectedly poor but
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If you thought China was a tea-drinking nation and not at all into coffee, you’d be right – supposing your notions were from a generation ago. Thus insofar as investment, the opportunity presented by Luckin Coffee (OTCMKTS:LKNCY) was tempting. Until recently. Now it’s turned into one bitter brew and the question is whether Luckin Stock
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The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
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Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Bloomberg Check out the companies making headlines midday Monday: Immunomedics — Immunomedics stock more than doubled on news that Gilead Sciences would buy the cancer drugmaker for $21 billion. The transaction is expected
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On Tuesday, Aurora Cannabis (NYSE:ACB) announced a potentially massive 1.8 billion CAD ($1.37 billion) write-down for Q4. Simultaneously, the Canadian marijuana company announced it has chosen a new CEO, its Chief Commercial Officer Miguel Martin. The market reacted with shock, sending ACB stock down 12% before recovering. Source: Shutterstock But it’s a trick that other companies
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Despite the recent weakness in tech stocks, shares of Pinterest (NYSE:PINS), a visual discovery engine, are still up over 85% year-to-date. In fact, $1,000 invested in PINS stock during its March lows would now be worth around $3,400. Source: Nopparat Khokthong / Shutterstock.com “Visual search and recommendations, collectively referred to as visual discovery … is
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I’m a long-term bull on cannabis stocks. But that doesn’t mean I’m a long-term bull on every cannabis stock. Tilray (NASDAQ:TLRY) stock shows why. Source: Jarretera / Shutterstock.com After all, the potential of the cannabis market remains enormous. Admittedly, early returns have been disappointing. Canadian producers like Tilray built up too much capacity. International markets
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StubHub operates one of the world’s largest online ticket reselling marketplaces. The company brings together ticket buyers and sellers and allows them to transact business by using either the company’s web site or mobile applications. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online
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Interior Design area of the Restoration Hardware store in the Meatpacking District of New York.  Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
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