Noam Galai | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. IBM – Shares shed more than 6% after IBM’s third-quarter results showed a third straight quarter of declining revenue. The company earned an adjusted $2.58 per share for the quarter, which was in line with Street forecasts,
Month: October 2020
Fisker, an EV manufacturer that will join Spartan Energy (NYSE:SPAQ) as part of reverse merger that could be days away is getting in on a trend, that has made SPAQ stock unpredictable. Source: Eric Broder Van Dyke / Shutterstock.com Electric vehicles! Electric vehicles! The temptation among investors these days is to leap at anything that has
I’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid-August that DraftKings (NASDAQ:DKNG) stock was a great buy to play this emerging megatrend. Source: Stokkete/ShutterStock.com Since then, DKNG stock rose as much as 83%. But, at a $20 billion market cap, DraftKing stock now feels fully priced for enormous
Lockheed Martin (NYSE:LMT) reports its third-quarter earnings for fiscal year 2020 on Tuesday, and a few key aspects stick out ahead of the event. That said, let’s take a bit of a closer look at LMT stock. Source: Ken Wolter / Shutterstock.com LMT stock is a cheap, worthwhile stock for investment that also happens to
Dow component Intel Corporation (INTC) reports third quarter 2020 earnings this week after stumbling in July, beating second quarter estimates but lowering guidance due to delays in the rollout of the company’s 7nm-based CPUs. The stock fell 16% after the news, battered by shareholder disappointment and at least seven Wall Street downgrades. The decline stretched
Acorns mobile application Acorns Acorns is expanding into the hiring market. The eight-year-old fintech company announced a partnership with online job market ZipRecruiter on Monday, which allows Acorns clients to browse and apply for jobs within the app. Acorns’ hiring portal is the first of its kind for a financial services company. The launch had
Take a look at some of the biggest movers in the premarket: Concho Resources (CXO) – ConocoPhillips (COP) will buy its rival energy producer in an all-stock transaction valued at $9.7 billion. Concho shareholders will receive 1.46 ConocoPhillips shares for every share they now own. CNBC’s David Faber had reported last week that the two
The futures market looked like Monday would have some solid gains, but the market couldn’t hold it together throughout the session. That said, let’s look at a few top stock trades as earnings season gets into full swing. Top Stock Trades for Tomorrow No. 1: Procter & Gamble (PG) Procter & Gamble (NYSE:PG) quietly remains
NextEra Energy (NYSE:NEE), a holding company that owns and runs Florida Power and Light, wants to acquire a regulated utility. NextEra Energy stock, the largest publicly traded utility, is bound to do well — if only it get another utility to agree to a merger or acquisition. Source: IgorGolovniov/Shutterstock.com The Wall Street Journal recently reported
The semiconductor market is hot, but Taiwan Semiconductor (NYSE:TSM) is hotter. In 2020, TSM stock is up 51%, topping the widely followed PHLX Semiconductor ETF (NASDAQ:SOXX) by about 30 percentage points. Source: Sundry Photography / Shutterstock.com For many investors in the U.S., Taiwan Semiconductor isn’t a household name like Nvidia (NASDAQ:NVDA). But Taiwan Semiconductor’s business
It’s been a couple of months since DiamondPeak Holdings (NASDAQ:DPHC) announced its combination with Ohio-based Lordstown Motors. The deal closes Oct. 22. When it does, DiamondPeak stock will change to the symbol RIDE. Source: Shutterstock It’s great news for the people of Lordstown, who saw the General Motors (NYSE:GM) plant close in March 2019 after
The year 2020 has brought a lot of surprises: a global pandemic, an economic downturn, millions of jobs lost, and withdrawal of American leadership from the global stage. But it hasn’t slowed down the initial public offering (IPO) momentum and those looking to profit from IPOs. Key Takeaways This year’s record IPO activity could rival
CNBC’s Jim Cramer said on Monday that “we’re in some wacko market” because normally chasing stay-at-home stocks trading at off-the-charts multiples to sales would not make sense, but now the market is rewarding investors who do so. Cramer cited Zoom Video Communications at about 50 times sales and cloud company Snowflake at about 100 times
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Revenue, however, missed analyst expectations. American Airlines — American Airlines shares rose more
The history of Hertz Global Holdings (NYSE:HTZ) is an interesting one. Currently in the middle of bankruptcy proceedings, HTZ stock is on the verge of dropping below $1 for the first time since June. Source: Eric Glenn/Shutterstock.com If you want to know how InvestorPlace contributors feel about Hertz stock, one only needs to go to
In late September, a U.S. House vote to remove marijuana from the federal Controlled Substances Act was delayed until after the presidential election. If the House remains controlled by Democrats, industry analysts expect the Marijuana Opportunity Reinvestment and Expungement (MORE) Act to potentially pass before the end of 2020. Then, it would be up to
Here’s a pop investing quiz for you: Source: Shutterstock What do these four stocks have in common? Nikola (NASDAQ:NKLA) Axsome Therapeutics (NASDAQ:AXSM) Tilray (NASDAQ:TLRY) Madrigal Pharmaceuticals (NASDAQ:MDGL) It’s a very important answer. Why? Because these stocks all belong to a select group — a group that has been the leader in every bull market for
Money laundering is a multibillion dollar industry that impacts legitimate business interests by making it much more difficult for honest businesses to compete in the market since money launderers often provide products or services at less than market value. Where a financial institution or business is also regulated by the government, money laundering or a
Introduction Anyone want to read another doom and gloom article on Occidental Petroleum (OXY)? I didn’t think so. I’ve got good news, you’re not going to read one here. This article will have a very specific focus, so I am going to link another very positive article on OXY, as it covers all the oil
First Solar (NASDAQ:FSLR) manufactures top-notch modules that are selling fairly well, and it is one of the highest quality companies in the solar sector. Still, First Solar stock shouldn’t be your first choice. Source: IgorGolovniov / Shutterstock.com Given the company’s dependency on the U.S. market, there are much better solar space opportunities for risk-tolerant, growth
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