A Roth IRA is a retirement savings account that holds investments that you choose using after-tax money. Roth IRAs offer many benefits, and the greatest of them is the fact that your retirement money and its earnings will never be taxed again. But they’re not the right choice for every investor. If you’re thinking about
Month: December 2020
This week, S&P Dow Jones Indices announced it will be ripping the Tesla (NASDAQ:TSLA) band-aid off. On Dec. 21, Tesla stock will be added to the S&P 500 index as by far the most valuable company ever. Source: Hadrian / Shutterstock.com The S&P 500 index is the most popular index of U.S. stocks. The SPDR
Data suggests that a person is more likely to be hit by lightning than catch Covid-19 in an aircraft. For people looking to travel during the holiday season, this data is indeed encouraging. Further, this is not the only good news for airline stocks. Anthony Fauci recently reached out with a message for those suffering
Shopify (NASDAQ:SHOP) has generated a massive return for bulls this year. SHOP stock is up 165% in 2020 and 253% from the March lows. Did you miss the move? If not, congratulations. If so, don’t beat yourself up. Source: Beyond The Scene / Shutterstock.com For a quick reminder, we saw the fastest bear market in history,
Zoom founder Eric Yuan poses with members of his company in front of the Nasdaq building in New York as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019. Kena Betancur | Getty Images As the year winds down, the stock market continues to
Job gains in November are expected to be weaker than in October, reflecting the impact of virus-related shutdowns by states and local governments due to the record spread of Covid-19. Economists expect a consensus of 440,000 nonfarm payrolls were added in November, and the unemployment rate fell to 6.7% from 6.9%, according to Dow Jones.
A total stock market index fund is a mutual fund or exchange traded fund (ETF) that tracks an equity index such as the Russell 3000 Index, the S&P 500, or the Wilshire 5000 Total Market Index, as its benchmark. By investing in stocks linked to a given index, a total market index fund’s performance aims
The potential of Nikola (NASDAQ:NKLA) is enormous. That’s why investors went crazy for NKLA stock even before it was NKLA, when its merger with SPAC (special purpose acquisition company) VectoIQ hadn’t yet closed. Source: Stephanie L Sanchez / Shutterstock.com But potential isn’t enough to keep any stock afloat forever. For NKLA, the plunge has come
Cannabis stocks have been on fire ever since Election Day 2020, with the ETFMG Alternative Harvest ETF (NASDAQ:MJ) rallying 45% since early November on the idea that a Joe Biden Presidency will pave the path for federal decriminalization and legalization of cannabis in the all important U.S. market. Leading this rally, of course, has been
Lawmakers are looking to make things a little greener in the United States, but cannabis stocks are not all taking the bait. Today, the House of Representatives voted to pass the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. As a result, Canopy Growth (NASDAQ:CGC), Tilray (NASDAQ:TLRY) and Aurora Cannabis (NYSE:ACB) are all on the move.
Food Bank for New York City distributes turkeys and Thanksgiving fixings with support from Stop & Shop and WBLS’ The Steve Harvey Morning Show on November 16, 2020 in New York City. Michael Loccisano | Getty Images Entertainment | Getty Images Job growth slowed significantly in November and looks set to decline even more, as
Back in October 2017, BlackRock, Inc. (BLK) CEO Larry Fink referred to Bitcoin (BTCUSD) as an “index of money laundering.” Three years later, he seems to have changed his mind about the cryptocurrency. During a conversation with the Council of Foreign Relations earlier this week, Fink said that Bitcoin could evolve into a “global market”
While the novel coronavirus has been a terrible headwind for many businesses, other sectors have enjoyed renewed relevance. Take for instance the burgeoning online used car dealership industry. For most people, buying a car is a stressful experience in the best of circumstances and doubly so during a pandemic. Fortunately, though, companies like Vroom (NASDAQ:VRM)
Back in July, I recommended seven of the best stocks to buy for 2021 and beyond. As a group, they’ve done very well over the past three months. For instance, Livongo Health was acquired by Teladoc Health (NYSE:TDOC) on Oct. 30 for $11.33 per share in cash and 0.592 times shares in Teladoc. But looking for a
As Americans, we tend to love the underdog, the come-from-behind story. Perhaps that’s the subconscious reason I tried to give Nokia (NYSE:NOK) the benefit of the doubt. While the broader situation didn’t look too hot for NOK stock, especially with rivals like Ericsson (NASDAQ:ERIC) faring so much better, the Finnish telecom-equipment provider has demonstrated occasional
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on
With all the recent talk about impending Congressional action on an end-of-year coronavirus relief package, you would be forgiven for losing sight of what’s at stake if that legislation isn’t passed. As of Dec. 31, 2020. programs that provide the following COVID-related relief will end: Extra unemployment benefits of $300 per week Extended weeks of
Sorrento Therapeutics (NASDAQ:SRNE) stock fell sharply in late October. But, in recent weeks, shares in the biotech company and fading Covid-19 play have started to bounce back. Up more than 38.7% since Nov. 9, investor interest in SRNE stock is starting to pick up once again. Source: Shutterstock So, should you hop on the bandwagon?
Pinterest (NYSE:PINS) is having one of the best years on Wall Street. Pinterest stock is up more than 260% year-to-date, as the social media company has managed to avoid messy controversies that affect other social media stocks. Source: Nopparat Khokthong / Shutterstock.com And there’s good news for Pinterest shareholders: there’s growing sentiment that the San