Month: December 2020

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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