As we discussed last week — besides the fundamental economic issues the market is dealing with — the uncertainty around election day and Covid-19 have and will continue to contribute to increased volatility in the short term. Source: Shutterstock And unfortunately, all three of those issues remain unresolved after election day. Now, we understand these
Month: November 2020
It’s been a volatile year for investors in general. And nowhere has that been more true than in high yield dividend stocks. In March and April, there was a massive number of companies that slashed or entirely suspended their dividends. This year has been a period of devastation for income-focused investors, particularly in sectors like
Electric vehicle (EV) makers have been in demand this year, Nikola (NASDAQ:NKLA) included. However, Nikola stock has fallen out of favor with investors, just as it should. Even with the stock’s major decline, it’s still one to avoid. Source: Stephanie L Sanchez / Shutterstock.com Nikola has a potentially big contract with General Motors (NYSE:GM) hanging
Investors have been distracted by election-related issues, but there’s a hidden winner amidst the confusion. I’m referring to Penn National Gaming (NASDAQ:PENN). But, how exactly are PENN stock holders winning? Source: Casimiro PT / Shutterstock.com Overall, the company — which owns gaming and racing properties and machines, as well as a stake in sports betting and
Axon (NASDAQ:AAXN) stock popped to all time highs in early November after the law enforcement technology solutions provider reported blowout third quarter numbers which breezed past expectations and included a healthy fourth quarter guide. Source: Shutterstock Specifically, Axon’s revenues came in 10% above expectations — rising nearly 30% year-over-year — while earnings per share doubled
Billionaire investor Leon Cooperman told CNBC on Friday that he was concerned about the long-term outlook for the stock market because “too much debt is being created.” “I think the overwhelming reality is the Fed is just creating this environment of free money. You have to kind of make a judgement whether that’s justified, how
Spencer Platt | Getty Images News | Getty Images After an initially exuberant election reaction, stocks may trade more cautiously in the week ahead, as investors watch election developments unfold and track the course of the coronavirus. The S&P 500 was up more than 7% in the past week, and the Nasdaq rose nearly 9%.
Investors with a strong love of adventure often aren’t adventurous with their money. But, if you enjoy playing with your money, then you’d likely be comfortable with betting on the shares of Virgin Galactic (NYSE:SPCE). For everyone else, there are better investments than SPCE stock. Source: Tun Pichitanon / Shutterstock.com I know that’s resisting the
If you’re looking to buy yourself a little pre-holiday investment gift for putting up with the novel coronavirus in 2020, forget penny stocks. Look to cheap stocks under $10 instead. According to Finviz.com, there are 33 stocks currently trading at $5 or less with a market capitalization of $2 billion or more. However, if you
Analysts think of Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) stock in terms of the company’s Google search engine. Source: PixieMe / Shutterstock.com But its biggest growth engine is YouTube, its video service. In its most recent quarterly report, released Oct. 29, Alphabet reported $5 billion in ad revenue for YouTube, up 31% from a year earlier. But that’s not
CNBC’s Jim Cramer said Thursday that investors are cheering the prospect of Democrat Joe Biden becoming president because Biden would provide more stability than President Donald Trump. Stocks were surging Thursday, building on Wednesday’s post-election rally despite the absence of a winner in the presidential race. At present, Biden holds an advantage in the Electoral
Economists mostly expect job growth slowed in October, as the pace of rehirings dropped off and layoffs increased. Job growth was expected to total 530,000 in October, and the unemployment rate is expected to fall to 7.7%, according to Dow Jones. That number includes about a 150,000 decline in public sector jobs from the end
Although the new normal created some amazing trades this year, you can’t defy fundamental realities forever. That’s really the defining takeaway when you look at Hertz Global (OTCMKTS:HTZGQ). Source: aureliefrance / Shutterstock.com Even before the pandemic, Hertz stock has been a frustrating investment at best over the past few years. Now, with so much geopolitical
Despite the doubters and the short-sellers, Pinterest (NYSE:PINS) stock continues to soar to new highs. But now investors are getting something in Pinterest stock they rarely get: a huge opportunity to buy after great news. Source: Nopparat Khokthong / Shutterstock.com Pinterest reported earnings on the evening of Oct. 28 and shares soared as much as
When we spoke last, I’d said that a decisive presidential election was likely, which is what investors were anticipating, too. Stocks rallied strongly on Monday, with the Dow climbing more than 300 points. Well, as you may know, a decisive election outcome ended up not being the case, as folks are still counting ballots in
“Fearless Girl”, a bronze sculpture by Kristen Visbalthe, is seen with a voting sticker in front of the New York Stock Exchange in the Wall Street Financial District of Manhattan on November 4, 2020 in New York. Kena Betancur | AFP | Getty Images Big-money investors are growing more excited about the stock market as
What’s next for markets? With the election over, some old themes will be re-emerging, regardless of who will be president. The rally is due to better earnings visibility On one issue, all traders agree: the market rally is largely due to the unlikelihood of higher corporate and individual taxes next year. “The Senate numbers from the
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker reported quarterly earnings of $2.83 per share, beating the consensus estimate of $1.38 a share, helped by strong demand for trucks and SUVs. Revenue was essentially in line with Street forecasts. The shares rose 6.7% in premarket
Sportswriters like to talk about having personal Mount Rushmores. The four best basketball players ever, the best baseball players to suit up for the Pittsburgh Pirates, etc. Here in Georgia, I keep a personal Stone Mountain of bad business leaders, people who have destroyed value through bad decisions, such as Randall Stephenson of AT&T (NYSE:T)
I like the enthusiasm and I like the story of the electric vehicle mounting an assault against internal combustion engines. ICE cars are still the norm but thanks to Tesla (NASDAQ:TSLA), the battle is on. Nio (NYSE:NIO) is a smaller soldier in it and it’s doing its part. TSLA has the early mover advantage and