Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United
Month: July 2021
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing
In this article DBX Dropbox CEO Drew Houston and Dropbox co-founder Arash Ferdowsi (C) celebrate the launch of Dropbox’s initial public offering as they ring the opening bell at Nasdaq MarketSite, March 23, 2018 in New York City. Getty Images Company: Dropbox Inc. (DBX) Business: Dropbox is a single organized platform where users can create
Virgin Galactic (NYSE:SPCE) flew Richard Branson into space on Sunday in the first commercial passenger space flight ever, and the voyage was very successful. In response to this event, SPCE stock popped about 7% in premarket. However, it quickly reversed course and is now trading down approximately 14% after the company disclosed it would be
Many analysts believe current stock valuations resemble the dot-com era. The market’s day-to-day movements are certainly turbulent. But in the long run, returns tend to follow somewhat predictable upward trends. Regardless, picking stocks to buy in this environment becomes a tricky proposition. You do not want to be overpaying for a company with little to
It’s fair to say that the plant-based foods craze kicked off in earnest with the rise of Beyond Meat (NASDAQ:BYND). There are other businesses in this niche, of course, but the trading volumes of BYND stock prove that Beyond Meat is the leader in investable and digestible meatless fare. Source: Shutterstock And here’s what’s amazing about
Investing in clinical-stage biopharmaceutical companies can be hit-or-miss. Other companies are advancing Covid-19 vaccines, of course, but Ocugen (NASDAQ:OCGN) is unique and OCGN stock is still highly affordable. Source: Shutterstock Before taking a position in Ocugen, though, you’ll definitely want to conduct your due diligence. Biotech stocks can move fast — and by that, I mean
It’s a pleasure to bring you the best hidden gems in the market, especially when they’re easily affordable. Recon Technology (NASDAQ:RCON) fits that description, as RCON stock recently came down to a very attractive price point. Source: Shutterstock.com As you might have heard, buying where there’s “blood in the streets” can be a highly profitable strategy.
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Eric Fry’s pick for the contest is Osisko Gold Royalties (NYSE:OR). Source: Shutterstock Since the last time we talked in early April, when this stock was down 10% year-to-date, Osisko Gold Royalties has staged a comeback to notch a respectable 6% gain year-to-date at the
Facebook (NASDAQ:FB) stock has been on a roll. So far this year FB stock is up 26.5% as of July 9 when it closed at $350.42, up by $77.26 from its close of $273.16 on Dec. 31. This is close to my original target price of $374.53 that I forecast on Feb. 9 (up from
Nio (NYSE:NIO) stock has been weak in recent weeks thanks to concerns related to China regulation. Long story short, the Chinese government has been cracking down on its own “Big Tech” companies that have been seeking fundraising in the United States via American exchange listings. Source: Andy Feng/Shutterstock.com Ride-sharing platform Didi (NYSE:DIDI) has been at
There has been a lot of noise in the market in 2021. The rise and fall of so-called social media “meme” stocks like Canadian cannabis producer Tilray (NASDAQ:TLRY) stock may be the noisiest phenomenon of the first half of the year. Source: Jarretera / Shutterstock.com Meme stock mania has focused mainly on stocks that have
Just as I predicted in my last article on ViacomCBS (NASDAQ:VIAC), the company produced a large increase in free cash flow (FCF) during Q1. On May 6, the company presented its latest earnings and cash flow release. As a result of its astounding jump in FCF, I now estimate that VIAC stock is worth at
I don’t know many investors who don’t like dividends. However, there are many investors who would opt for either dividend income or earnings and revenue growth. This divide between growth and dividend investors has left a rift among dividend stocks. But does there need to be one? Not necessarily. While we can find growth stocks
Mid-cap stocks are often overlooked. However, there are terrific dividend stocks in the mid-cap group that we think are worthy of consideration for income investors. In the world of investing, many investors focus on the biggest stocks in the market – so-called large caps – for their stability and predictability. This makes large-cap stocks generally
Increased concern over inflation and valuations have brought choppiness back to equity markets. As the stock market recovers from a volatile month of trading, investors have turned their attention towards more defensive stocks. For many market participants, dividend shares seem to be the most reasonable plays. High-yield dividend stocks are prized among income investors, as
Most investors who want to gain exposure to the financial sector focus exclusively on the well-known U.S. bank stocks, such as Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC), and that goes for income investors as well. However, some Canadian bank stocks have much lower valuations and also have higher dividend yields than their domestic counterparts.
Merck (NYSE:MRK) has been making news lately for research into a possible pill that would treat Covid-19. The coronavirus pill has led to a surge in MRK stock. Source: Atmosphere1 / Shutterstock.com The stock has had a smooth ride over the year and is trading close to the same level as last year. It stood
Bank of America (NYSE:BAC) is worth considerably more than its present price. In fact, my view is that it’s worth somewhere between 15% and 50% more from its Jul. 7 close. That means BAC stock should trade between $45.65 and $59.63 per share. The average between these two is $52.64 per share, or about 32%
Global oil consumption is recovering from the pandemic, which has driven oil prices higher, with Brent crude rising over $70 per barrel. This rally will greatly benefit oil producers, especially oil stocks from the global majors that rely more heavily on the price of oil. In addition, several top oil stocks pay high dividend yields