Gaming platform Roblox (NYSE:RBLX) is facing reopening obstacles. The engagement on its platform in North America, where economies are opening, was down 9% last quarter versus the same period a year earlier. Moreover, its disappointing second-quarter results suggest that it will face challenges going forward. Though the firm has a healthy growth outlook, its bloated
Month: August 2021
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the first time. Growth rates have slowed from the meteoric levels seen as the pandemic began
We can’t discuss Tilray (NASDAQ:TLRY) without leaving the door open for a super spike. GameStop (NYSE:GME) did not invent the phenomenon, TLRY stock did it years ago. While this alone is not an investment thesis, it serves as a reminder that it’s OK to own shares now. I don’t condone going all in now, but
The U.S. Securities and Exchange Commission (SEC) is considering a full ban on the payment for order flow (PFOF). The reason is that this practice creates “an inherent conflict of interest,” according to SEC Chairman Gary Gensler, in a recent interview with Barron’s. Payment for order flow (PFOF) has become a hot topic in 2021
The setting for QuantumScape’s (NYSE:QS) success is as good as it gets. It has a home in the environmental, social and governance (ESG) investment theme, which is growing in popularity. Also, the electric vehicle is making a bid for supremacy in the future of propulsion. Therefore, demand for battery solutions will likely remain this strong
After months of lockdowns, one might have thought that Americans would jump at the opportunity to spend money on goods and services besides takeout and streaming services. But the opposite happened in the second quarter this year. Americans spent 9% less in the second quarter compared to the first quarter of this year, according to
The U.S. public and the market are belatedly realizing that the Delta variant of the coronavirus is not very dangerous, especially to those who are vaccinated and won’t stay in the U.S. for many months. Consequently, now is not a good time to buy highly valued stocks that thrive when consumers stay at home more.
St. Bernard Parish residents fill up their cars and gas cans as the Louisiana coast prepares for the arrival of Hurricane Ida on Friday, Aug. 27, 2021 in New Orleans. Chris Granger | The Times-Picayune | The New Orleans Advocate via AP Hurricane Ida temporarily shut down a critical swath of U.S. oil production and
Shares of telecommunications giant Nokia (NYSE:NOK) are finally on the move. Its stellar earnings and quarterly guidance hike has boosted its shares significantly. Moreover, it continues to win over new clients who have solidified its position in the 5G race. NOK stock gained a healthy 16% in the past three months. Source: rafapress / Shutterstock.com NOK
Last week, Tesla Energy Ventures, a new subsidiary of electric car maker Tesla Inc. (TSLA), filed an application to become a retail electricity provider in the state of Texas. According to reports, the company plans to sell electricity drawn from the grid to customers and from its battery storage products. Its grid transaction software may
Viasat (NASDAQ:VSAT) is satellite technology company that primarily provides bandwidth and internet services. These high-speed broadband services are targeted toward consumers, corporations and airlines. The company behind VSAT stock also provides connectivity systems to commercial networks. It’s third segment is government related in which VSAT produces secure government communication systems. Source: Shutterstock Viasat satellites are
The S&P 500 continued chugging into record territory Monday, on track to end August with its best performance over the first eight months of a calendar year since 1997. History offers no guarantees, analysts said, but shows that strong performances tend to see follow-through. The large-cap benchmark SPX, +0.43% rose 0.5% on Monday to post
In this article PYPL SQ HOOD The PayPal app shown on an iPhone Katja Knupper | DeFodi Images | Getty Images PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources
This is certainly an odd economy. On one hand, the delta variant is a dark shadow over how long economic expansion lasts. On the other, the economy is booming and oil stocks have gone from zeros to heroes in the past year. The S&P Global Oil Index, which measures the performance of 120 of the
Take a look at some of the biggest movers in the premarket: Affirm (AFRM) – Affirm rocketed 41.2% in premarket trading after the digital payments specialist announced a partnership with Amazon.com (AMZN) that will allow Amazon customers to pay over time for purchases of $50 or more. Moderna (MRNA) – Moderna fell 2.7% in the
Novavax (NASDAQ:NVAX) stock is looking well-positioned because of the Delta variant of the novel coronavirus. That should surprise NVAX stock bears who viewed it as an “also-ran” Covid-19 vaccine play. Source: Ascannio/Shutterstock.com And can you blame them? Earlier this month, Novavax said it would delay applying for emergency use authorization of its Covid-19 vaccine, NVX-CoV2373,
BP PLC (BP) is a British integrated oil and gas company with operations in more than 70 countries around the world. Its upstream operations were responsible for the production of 2.4 million barrel-of-oil equivalents (BOEs) per day in 2020.In terms of revenue, it is the fourth-largest oil company in the world as of 2020, after PetroChina,
2021 has been an exciting year for BioNano Genomics (NASDAQ:BNGO) investors. However, when it comes to stocks, excitement can cut both ways. A spectacular run started last Christmas eve. It saw BNGO stock go from being worth 71 cents to closing at $15.57 on Feb. 16. That’s 2,093% growth. Pretty exciting — especially if you
Dear Quentin, My mother’s home is in her four children’s names, but I’m her caregiver, and have been the only one who has done all of her work, repairs, updates, and taken care of her medical business, My mother has been in the nursing home four times now, I’m the only one responsible for her
In this article SPRT The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Shares of Support.com are poised to extend their massive GameStop-style rally as Reddit-obsessed retail investors zoned in on the heavily shorted software name. The
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