Call them sucker stocks, stocks to avoid or whatever you’d like. Regardless of how they’re categorized, there are some companies investors should stay far away from right now. A few of the companies on this list look bad because of the pandemic. Some weak electric vehicle (EV) companies also make an appearance, along with some
Month: July 2021
The COVID-19 pandemic has made keeping up with monthly bill payments challenging for many Americans. As a result, many credit card companies have introduced policies to provide financial relief and help that can include a deferment of payments, fee waivers, and a reduced annual interest rate—or annual percentage rate (APR). Taking advantage of these benefits
My view of IBM (NYSE:IBM) stock is quite mixed right now. The tech giant’s cloud business has rebounded under its new CEO, Arvind Krishna, but my positive thesis on IBM stock has a second component: the strong management and sales skills of Jim Whitehurst, the former CEO of the highly successful start-up Red Hat. Source:
You’d think this guy would know better. A Virginia tax preparer was convicted of failing to file tax returns for himself for five years, as well as preparing false tax returns for many of his clients. Karl Burden-El Bey, 65, of Hampton, Va. was found guilty by a federal jury of not filing any tax
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology
Traders on the floor of the New York Stock Exchange. Source: NYSE Earnings season begins with two major tailwinds: sky high prices and sky-high expectations. On paper, second quarter earnings looks like the mother of all earnings reports, with estimates having risen steadily for the past six months, from expected 45% growth in January to
In this article EA JPM GS CAG PEP BA Boeing employees walk by a new Boeing 737-900 at Boeing Field in Seattle Thursday, July 15, 2004. Barry Sweet | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of Boeing fell more than 3%. The plane maker cut production
Chinese EV giant Xpeng (NYSE:XPEV) recently reported its record June and second-quarter deliveries. It continues to be a dominant name in the EV industry, and with several catalysts in place, XPEV stock will continue creating more shareholder value. With incredible year-over-year revenue growth, the stock still trades at a considerable discount to its peers. Source:
Nio (NYSE:NIO) has had one of the most incredible turnarounds in recent memory. The company’s initial public offering (IPO) was priced at $6 per share, and NIO stock stayed in the single digits following the IPO. Source: Sundry Photography / Shutterstock.com While Nio made a decent case about being able to beat Tesla (NASDAQ:TSLA) in
In neoclassical economics, perfect competition is a theoretical market structure that produces the best possible economic outcomes for both consumers and society. A market that experiences perfect competition may be referred to as a “perfect” market by economists that subscribe to this school of thought. So, some economists use perfect competition as a benchmark to
Call it a safety stock, or an all-weather investment. Through thick and thin, McDonald’s (NYSE:MCD) provides comfort food – and comfort when markets turn sour – as MCD stock is a dividend yielder that’s appropriate for just about any portfolio. Source: Nixx Photography / Shutterstock.com Sometimes people feel that the markets are due for a correction,
Retirees and near-retirees may not need to reduce or eliminate their fixed income exposure out of a concern for higher global inflation and interest rates. I say that not because they’re wrong to believe that higher inflation and interest rates would be generally bearish for bonds. But retirees may be overlooking the bond market of
Oracle (NYSE:ORCL) stock looks even more undervalued than it did in April. At the time, I said this cloud software company was worth at least 30% more than its April 14 price of $76.78. That put the value of ORCL stock at about $100 per share. Today, with its Q4 free cash flow (FCF) up 19%
For most securities, determining investment yields is a straightforward exercise. But for debt instruments, this can be more complicated due to the fact that short-term debt markets have various ways of calculating yields and they use different conventions in converting a time period into a year. Here are the four main types of yields: The
The short-squeeze rally in meme stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) is poised to go down in financial history books in terms of shareholder gains. However, a short squeeze is only a temporary phenomenon if the underlying business lacks solid fundamentals. This would be true even for GameStop and AMC if their sky-high
It was almost every kind of modern-day financial swindle rolled into one. The mastermind behind an elaborate stolen credit-card scam that used bitcoin, burner phones and digital wallets such as Apple Pay AAPL, -0.42% to swipe more than $600,000 in luxury goods, has been sentenced to three years in federal prison. (Apple was not immediately
Margarita Rodriguez is an early riser, waking at 3 a.m. to prepare for her 4:30 a.m. shift at a Passaic, N.J. delicatessen. But on Thursday, July 15, Rodriguez has something special planned for her morning routine. As soon as she’s up, she’ll check her bank account to see if the Child Tax Credit money for
Zevia PBC, a beverage company that makes zero-calorie and zero-sugar beverages with “clean” ingredients, has filed to go public. The Encino, Calif.-based company plans to list class A shares on the New York Stock Exchange under the ticker “ZVIA.” Zevia expects to offer 14.3 million shares at $13 to $15 each. That would value the
A group of new athletes will join the Major League Baseball family this week as the MLB holds its annual draft. The Pittsburgh Pirates selected Louisville catcher Henry Davis with the first overall pick and the Texas Rangers grabbed Vanderbilt pitcher Jack Leiter — son of retired big league All-Star Al Leiter — with the
Many portfolio managers are increasingly bullish, even with the stock market trading around all-time peaks, according to Citigroup Inc. “Investors want markets to move higher, underscoring the reality that investment professionals are paid to participate and not to sit back and wait for better entry points,” the Citi analysts said in a research note published