Take a look at some of the biggest movers in the premarket: Lyft (LYFT) ā The ride-hailing company said that last week saw the highest level of ride volume since the pandemic took hold last March. As a result, Lyft expects to report a smaller quarterly loss than it had previously projected. Lyft shares jumped
Month: March 2021
With all the talk about stimulus checks since the passage of the CARES Act, you probably want to know when yours will come and what you can do to make the process go faster. The information below will help you know what, if anything, you need to do. Key Takeaways New deadlines for non-filers and
By all accounts, airline stocks had a pretty bad 2020. The novel coronavirus pandemic hit every sector hard. But the airline industry suffered the most at the hands of the virus. There were already several companies with debt-laden balance sheets. And then demand started plummeting. It was a perfect storm that no one saw coming.
The largest cannabis company in the world by market capitalization, Canopy Growth (NASDAQ:CGC) has been on a bumpy ride this past month. Since hitting a high of $56.50 a month ago, CGC stock is down to $30. Source: Shutterstock Despite recent periodic short-term gains, it appears CGC stock has lost some momentum over the past month.
Hyliion (NYSE:HYLN) is one of the dark horses in the electric vehicle (EV) manufacturing sector. After a blockbuster debut in July last year, when the stock rose close to 5x in a short number of months, HYLN stock came crashing back down to earth. Source: Shutterstock As I write this, HYLN stock has lost close
Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion in 2020, and as activist investors push for change. “We’re going to continue to return cash to shareholders through a very strong dividend,” Woods said Thursday on CNBC’s “Squawk Box.” He noted that 2020 was
Take a look at some of the biggest movers in the premarket: Okta (OKTA) ā Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared to consensus forecasts
For some Americans, health insurance is one of their largest monthly expenses, leading them to wonder what medical expenses are tax-deductible to reduce their bill. As the price of healthcare rises, some consumers are seeking out ways to reduce their costs through tax breaks on their monthly health insurance premiums. If you are enrolled in
Dear SOS Ltd (NYSE:SOS), let’s not mince words. It’s over between us. Last Friday, short-sellers Hindenburg and Culper Research told me that you might be a total fraud. But I gave SOS stock the benefit of the doubt. After all, their kind is wrong as often as they’re right. Source: Bplanet / Shutterstock.com However, now
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International Business Machines (NYSE:IBM) has had a rough few years, and 2020 was no different. The lack of growth in revenues, earnings, and the stock price reflect its management’s defensive approach towards innovation. However, IBM stock still shows promise. Source: Laborant / Shutterstock.com The company’s new CEO Arvind Krishna could usher in a new era.
In general, an aggressive portfolio has high allocation towards growth stocks. These are stocks from companies that are reporting robust revenue and earnings growth. However, even for a defensive portfolio, some allocation to growth stocks makes sense. While defensive stocks provide regular cash inflow, growth stocks are the key portfolio return catalysts. Recently, growth stocks
Tanger Outlets in National Harbor, Md. Mark Gail | For The Washington Post | Getty Images Shares of Tanger Factory Outlet Centers surged 20% in early trading on Thursday, becoming the latest heavily shorted stock to make a rapid move higher this year. The retail stock could be following in the footsteps of other names
Take a look at some of the biggest movers in the premarket: IMAX (IMAX) ā IMAX lost 21 cents per share, one cent a share more than analysts had anticipated. The movie theater operator’s revenue came in above Wall Street estimates. Sales were helped by stronger performances in Asian markets, and the company is anticipating
How Does Sling TV Work? Those interested in ditching their cable TV service may wish to consider Sling TV, a service that streams live TV from the Internet but without needing a television or clunky cable box. Rather, viewers can use practically any Internet-connected device, including iOS and Android devices, Xbox Ones, Roku boxes, and
Hawaiian Electric Industries (NYSE:HE) is unique in the market. As its name suggests, the holding company is primarily focused on power generation through subsidiary Hawaiian Electric. In fact, HEI provides electricity to roughly 95% of the population of the state of Hawaii. However, HEI also owns a banking subsidiary, American Savings Bank. Those two businesses
Kohl’s (NYSE:KSS) stock recently got a boost from investor activism. It got a second boost from strong Christmas quarter results. It’s getting a third boost from the waning of the pandemic. Source: Sundry Photography/Shutterstock.com But KSS stock isn’t yet priced like Five Below (NASDAQ:FIVE) or even Walmart (NYSE:WMT). Now at $55, Kohl’s has a market
Qualcomm, Inc. (NASDAQ:QCOM) was having a pretty decent 2021, until the company reported its first-quarter earnings. After closing at $164.78 on Feb. 2, QCOM stock went into a steep decline. Currently trading at around $129, shares have dropped about 20%. Some investors have seen this as a sign that the company’s 2020 surge is over,
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft &
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | Orange County Register via Getty Images February’s surprisingly strong job growth signals that the economy could be at a pivot point
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