Prospects may be improving for pot stocks. But, this alone is hardly reason to buy Tilray (NASDAQ:TLRY). After soaring after election day, Tilray stock pulled back. And with good reason. While the incoming U.S. presidential administration wants to decriminalize marijuana, full on legalization/commercialization remains years away. Source: Jarretera / Shutterstock.com Until laws are changed on
Month: December 2020
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer on Friday sharply criticized how investment bankers handled the recent initial public offerings for companies such as DoorDash and Airbnb, two tech companies that saw major pops in their stocks after they began trading this week. “I don’t want to say that the market is broken,
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney said its Disney+ streaming service now has 86.8 million subscribers, a number it says could grow to 260 million by 2024. The company said over the past 2 months, the service has added more than 13 million subscribers.
The Families First Coronavirus Response Act (FFCRA) was signed into law March 18, 2020 as the second major legislative initiative designed to address COVID-19. So far, three coronavirus stimulus bills have been signed into law with a fourth currently in the planning stages. The Act, which is effective April 1 through December 31, 2020, addresses the impact of COVID-19
Alternate energy is all the rage these days. Not a day goes by when you don’t hear about a new company hoping to position itself as a unique player in an already bloated renewables market. In this crowded field, Plug Power (NASDAQ:PLUG) and Plug Power stock remain a spec play that you can live without.
Switchback Energy (NYSE:SBE) is a special purpose acquisition company (SPAC), a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SBE stock has almost tripled since announcing its merger with ChargePoint, which has the largest electric-vehicle charging network in North America and Europe. Source: Michael Vi / Shutterstock.com
Recent days have been tough for Nio (NYSE:NIO), but the Chinese electric vehicle company was turning things around on Thursday. In fact, NIO stock closed out regular trading up 2.75%. However, that all changed thanks to an after-hours announcement. So what do investors need to know right now? Source: Robert Way / Shutterstock.com Essentially, Nio
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell: Lululemon — Shares of Lululemon rose slightly after the athletic apparel retailer posted quarterly results that topped expectations. Lululemon reported sales of $1.1 billion, up
With stimulus talks at another standstill and vaccine momentum in the rearview mirror, U.S. equity markets fell today, bringing the S&P 500 and the Nasdaq off their record highs. The losses were mild with technology and stay-at-home stocks leading the declines. This article is an excerpt from our free The Market Sum newsletter. Sign up here to
After a blockbuster performance in 2020, now may be the time to sell gun company stocks. Sure, there’s plenty in motion to fuel a continued rally in firearms names. With the Democratic Party back in control of the White House, we could see a continued mad rush to buy guns, as seen during the Obama
Freshly public workflow management software provider Asana (NYSE:ASAN) recently announced its first quarterly earnings report as a public company, and it was a smashing success. Revenues topped expectations. So did earnings. The guide came in ahead of expectations, too. Asana stock popped about 15% in response to the strong print. Source: rafapress / Shutterstock.com Zooming
Time for another charging pun? It looks like it, with Blink Charging (NASDAQ:BLNK) shares powering up in the stock market today. Importantly, the move in BLNK stock follows some impressive company news, and a recent trend in charging plays. So what do you need to know right now? Source: David Tonelson/Shutterstock.com To start, investors should
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry
Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The drugmaker has begun a study of its Covid-19 vaccine candidate involving adolescents aged 12 to less than 18. Moderna has dosed the first participant in a study expected to enroll 3,000 healthy people. Shares of Moderna was down 1.3%
As a technology, blockchain is quickly becoming unrivaled. Although the Internet has long been familiar with other peer-to-peer applications for file sharing, music streaming, and more, the idea that these types of networks can provide their own security and resources has only been around since 2008. In the decade since its inception, blockchain was mostly
It seems that for the past several weeks, the news has been dominated by questions surrounding the Covid-19 vaccine candidates: Which company’s candidate will be approved first? Is subunit or nucleic-acid-based better? When will everyone have access? For prospective buyers of Carnival (NYSE:CCL), I’m afraid the answers to these questions don’t really matter. Regardless of
Covid-19 has impacted different companies very differently. One company that has been a surprising beneficiary of the pandemic is payments company Square (NYSE:SQ). Year-to-date, Square stock has surged 225% to record highs. Source: Jonathan Weiss / Shutterstock.com I say “surprising” here because Square should actually be one of the companies that was hit hardest by
After a bad start, ridesharing platform Uber (NYSE:UBER) is now selling for well above its $45 initial public offering (IPO) price. However, Lyft (NASDAQ:LYFT) — a very similar company — is yet to see its $72 IPO price. But that may be about to change for Lyft stock. Source: Tero Vesalainen / Shutterstock.com How? After
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019. Christopher Morin | Bloomberg | Getty Images JPMorgan Chase has a set of policy recommendations for ways President-elect Joe Biden can prevent a
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Check out the companies making headlines midday on Monday: Tesla — Tesla jumped more than 4% to hit a
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