Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. Gerry Miller | CNBC Berkshire Hathaway said Thursday that it will hold its annual shareholder meeting, slated for May, virtually. “Unfortunately, we do not currently believe it will be safe at that time to hold a meeting with nearly 40,000 attendees as
Month: December 2020
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped nearly 14% as investors digested signs that the video conferencing company’s
Bitcoin prices are up 300% since March, showing a dramatic breakout even as other markets have gone lower. With bitcoin holding 66% of the total crypto market cap, experts point to bitcoin’s maturity as one reason for its strength. Bitcoin has rallied over 75% since early September. During that same time period, both gold and
It takes a special kind of ugly to stand out for the wrong reasons this year. Yet that’s the ignominy that Luckin Coffee (OTCMKTS:LKNCY) finds itself in. After the lessons from high-profile scandals such as Enron, along with the events leading up to the Great Recession, you’d think that all C-suite executives would at least
The real estate sector is one of the duds in the S&P 500. This is highlighted by a year-to-date decline of almost 9% for the widely followed MSCI US Investable Market Real Estate 25/50 Index, confirming the struggle is real for real estate investment trusts (REITs). Making the performance of the broader REIT universe all
Over the last six months, I have seen several altcoins surging by 1000%. So, when it comes to electric vehicles (EVs) Nio (NYSE:NIO) has been no less than that in my opinion — a top alternative to Tesla (NASDAQ:TSLA), the bitcoin of the EV industry. Nio stock has surged by 1001% in the last six
Teladoc Health (NYSE:TDOC) stock has rallied 132% so far this year. But frankly, I don’t think that’s enough. Source: Piotr Swat / Shutterstock.com After all, I’ve been a bull on TDOC stock for years now. Nothing this year has changed that. If anything, the past eleven months have only strengthened my optimism. Overall, Teladoc has
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The chief operating officer of Jeff Bezos’ private space company Blue Origin is leaving, the company confirmed to CNBC on Wednesday. Blue Origin CEO Bob Smith wrote in an e-mail to the company that COO Terry Benedict’s last day
Check out the companies making headlines in midday trading. Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public on Sept. 30. Tesla —
Investors sprinted into December ready to buy stocks, and buy they did. The S&P 500 closed at a fresh record high and the Nasdaq crossed into one early in the trading session. Market gains were led by regional banks — which are a key component of a cyclical bull market — and travel stocks. Oil and energy stocks, which
As we move closer to a vaccine that will end the novel coronavirus pandemic, several biotech stocks are losing steam. And it’s understandable. Aside from the tech sector, pharmaceuticals have been the biggest beneficiaries of the pandemic. Markets are reacting hyperbolically to any news regarding a potential Covid-19 vaccine. It’s not surprising that Sorrento’s (NASDAQ:SRNE)
With the holiday season approaching, I would not mind having some extra dollars in my pocket. I’m sure you feel the same. But how can we make that happen? A good idea is to allocate some funds toward short-term trading. That’s because the returns in short-term stocks can be really surprising. I also believe that
After an impressive month of growth in November, shares of Canopy Growth (NASDAQ:CGC) stock are ticking higher on Wednesday. Source: Shutterstock The move comes after BioSteel, a sports nutrition and hydration company, entered an agreement with the Philadelphia 76ers of the NBA to become the official sports drink of the franchise. The multi-year deal includes
Check out the companies making headlines before the bell Wednesday: Pfizer (PFE), BioNTech (BNTX) — Shares of Pfizer and BioNTech rose 3.4% and 5.8%, respectively, in the premarket after the U.K. approved the Covid-19 vaccine designed by the two companies. The rollout is expected to begin next week, with elderly people and medical workers first
With home ownership seemingly out of reach for many young people today, parents may wonder whether they should just give their house to their children at some point? It might be a consideration, for example, if the parents plan to downsize to a new condo or make a former vacation home their full-time residence. However,
Income investors are typically focused on dividends first and foremost. There is good reason for this — high-quality dividend growth stocks like the Dividend Aristocrats have often produced superior long-term returns with lower volatility than the S&P 500. Top dividend stocks have the ability to provide income to shareholders year after year, even during recessions.
When a sector gets hot, it often brings its weakest plays along for the ride. That’s exactly what going on with Ayro (NASDAQ:AYRO) at the moment. So, if you had any interest in AYRO stock, let me be the first to nudge you the other way. Source: Shutterstock After all, electric vehicles (EVs) are an
With very few avenues remaining for the Trump administration to contest the 2020 election results, Joe Biden will become the 46th President of the United States. While there are myriad implications of the incoming administration, one of them is the reinvigorated push toward clean energy. Naturally, this should serve Plug Power (NASDAQ:PLUG) very well. And
Online e-commerce sales broke new records for Black Friday and Cyber Monday as more consumers opened their wallets. This comes despite the fact that COVID-19 cases are rising. Source: Shutterstock Adobe Analytics found that shoppers spent a stunning $9 billion online this year for Black Friday, almost 22% more than last year’s figure. This represents
Covid-related growth rates are spiking. And it’s not just the virus. A few months ago, The Wall Street Journal reported that retail-investing volumes had climbed 30% on a year-over-year in the first half of 2020 to nearly 20% of all trades. One young client commented that “everyone and his uncle is trading their accounts constantly.”