Cars line-up as the Los Angeles Regional Food Bank distributes food outside a church in Los Angeles on Nov. 19, 2020. Mike Blake | Reuters Nearly half a million jobs were lost in December in restaurants, casinos and other businesses most impacted by the spreading pandemic, but strong job gains in other areas show an
Month: January 2021
Life has its cycles, as do the economy and the financial markets. But when it comes to market cycles, emotions often get in our way. We often do the wrong thing at different phases, buying exuberantly at market highs and selling in a panic at market lows. Successful investors do the opposite. Warren Buffet says:
Is Ideanomics (NASDAQ:IDEX) stock a rising star in the EV (electric vehicle) sector? Don’t count on it. For starters, this company didn’t start off in the electric vehicle business. Instead, it’s a perennial penny stock, dabbling in a hot sector to gain attention (and capital) from investors. Source: nrqemi / Shutterstock.com What do I mean?
Remember 3D printing stocks? Back in 2013, they were all the rage on Wall Street … for a few months. But the “factory in every home” dream was short-circuited by the reality that 3D printing is a complex, costly, laborious and time-consuming process. Most consumers and businesses felt the limitations of 3D printing were too
In the month since Airbnb’s (NASDAQ:ABNB) IPO one thing is fairly clear: Airbnb stock was perfectly priced and there looks to be little reason to buy now. Source: BigTunaOnline / Shutterstock.com Many of my colleagues at InvestorPlace expressed the idea that Airbnb shares are likely to have a bright future. Those same colleagues also readily
The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants. In a late Monday statement, the NYSE said it dropped the plans after “further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control.” Hong Kong-listed shares of China Telecom, China Mobile and China Unicom rallied
Check out the companies making headlines in midday trading. Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI
A financial aid award letter explains the total amount of monetary assistance a school will offer you. You’ll start to receive these letters shortly after you get your college acceptance letters. Before you start comparing your offers, here’s a quick look at financial aid award letters. Key Takeaways The Free Application for Federal Student Aid
It used to be that every responsible long-term investor had some kind of energy company in their portfolio. And by “some kind of energy company,” I mean a big oil and natural gas firm. They were as much a sure thing as big banking stocks. Well, we’ve seen that banking isn’t what it used to
What a wild week… The most attention-grabbing thing that happened? The storming of the U.S. Capitol when Congress was in session and in the process of confirming Joe Biden as the next President of the United States. Talk about wild! But – while that event may have dominated the news headlines, and rightly so –
I have been suggesting here that Intel (NASDAQ:INTC) be broken up for more than four years. Those calls are getting louder as the company built around Moore’s Law falls further behind on both the chip design and the fabrication front. Source: JHVEPhoto / Shutterstock.com Intel is due to open for trade Jan. 6 at about $51
If you only read the headlines and watch the primetime news channels, you might think that the market was down bigtime this week. Let me bring you back to reality … Source: Shutterstock The exact opposite is true. The three major stock indices hit all-time highs even in the face of a historic week for
The stock market is off to a strong start in 2021, after robust gains last year despite the coronavirus pandemic. According to CNBC’s Jim Cramer, one reason for the continued rally in equities is, simply, a lack of people willing to sell. “There’s not enough stocks to go around,” Cramer said on “Squawk Box.” “The
US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images Stocks and taxes: what’s going to happen? The Democrats’ control of Congress has shone a new spotlight on Biden’s tax proposals, particularly those that would affect stocks and bonds. While
Traders work on the floor of the NYSE. NYSE Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump’s removal after a mob of his followers took over the Capitol Building on Wednesday.
Taking a look at the balance sheet of the Federal Reserve, or for that matter, any central bank, is like seeing the eighth wonder of the world. Unlike any other business enterprise, the Fed can expand its balance sheet by printing as many dollar bills as it wants. It’s like creating winds merely by waving
Aircraft-maker Boeing (NYSE:BA) has been one of the juggernauts of the American and worldwide aviation industry. However, the past few years have been tough for the company due to its short-sighted management and the debacle of the 737 MAX plane. Source: Marco Menezes / Shutterstock.com Adding to its woes, the novel-coronavirus pandemic damaged the world’s
Despite a global pandemic, many marijuana stocks saw a strong rally in 2020 with demand for cannabis on the rise. Some dispensaries were even deemed an essential business during the widespread lockdowns. As the strong momentum of the cannabis sector carries into the new year, investors are hoping for some big gains. The growth of
Pfizer (NYSE:PFE) looks like a good name for longer-term, more conservative investors. PFE stock looks poised to perform fairly well over the next three or four years. Source: Manuel Esteban / Shutterstock.com Shares are trading at a relatively low valuation, and there are multiple promising drugs and vaccines in Pfizer’s pipeline. Plus, the company is
The biggest thing that’s changed since I wrote about Hyliion Holdings (NYSE:HYLN) in November is that the electric vehicle (EV) bubble has begun to lose a little air. However HYLN stock was punished more than most. That’s not a surprise. It was getting very crowded in the EV sector. Source: Shutterstock Furthermore, Hyliion was entering
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