Propelled by strong earnings and upbeat guidance, the shares of several leading companies are now at their highest level in a year. And while some investors might be weary of stocks trading at 52-week highs, assuming they are destined to fall, many of the securities involved are from best-of-breed companies and household names. In fact,
admin
The U.S. Drug Enforcement Administration is reviewing a recommendation from the Department of Health and Human Services to reclassify cannabis as a Schedule III controlled substance under U.S. law in a move that sparked a rally by cannabis stocks on Wednesday. The historic move — more than 50 years after the Schedule I designation —
Joseph M. Hogan is CEO of Align Technology Jin Lee | Bloomberg | Getty Images Check out the companies making headlines before the bell. Align Technology — Shares rose 2.5% in early morning trading after HSBC initiated coverage with a buy rating. The firm cited the Invisalign maker’s strong brand presence and its potential to
For more than a year, a planned merger deal has been a big factor driving price action for shares in VMware (NYSE:VMW). As you may recall, back in May 2022, Broadcom (NASDAQ:AVGO) announced plans to acquire all outstanding shares of VMW stock. Required regulatory reviews have delayed the merger, as the transaction could give Broadcom
So far in August, QuantumScape (NYSE:QS) shares have declined sharply. With this nearly 50% drop in price in a matter of weeks, some may think that QS stock is oversold, and a great opportunity for short-term traders and long-term investors alike. For the near-term minded, QS may seem like a buy on weakness, ahead of
Plenty of “hot stocks” from the 2020/2021 runaway bull market have bounced back in a big way so far in 2023, but few have done it to the extent Carvana (NYSE:CVNA) has year-to-date. As you may recall, at one point CVNA stock was changing hands for as little as $3.55 per share last December. Since
U.S. stock futures were slightly softer early Wednesday as the latest rally stalled with bond yields nudging higher. How are stock-index futures trading S&P 500 futures ES00, -0.21% dipped 3 points, or 0.1%, to 4503 Dow Jones Industrial Average futures YM00, -0.08% fell 8 points, or 0%, to 34880 Nasdaq 100 futures NQ00, -0.32% eased
The US Court of Appeals for the Federal Circuit in Washington, D.C., US, on Wednesday, Aug. 9, 2022. Al Drago | Bloomberg | Getty Images Well, now the SEC is in a real pickle. The U.S. Court of Appeals for the D.C. Circuit sided with Grayscale in a lawsuit against the SEC, greatly improving the
The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York. Ramin Talaie | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Box — The cloud stock fell 7% after hours on a mixed second-quarter report. Box’s revenue came in at $261 million, in line
Initial public offering (IPO) is the stock issuance process onto the public market. There are a few different methods by which a company will first become listed on a stock exchange. The most common way would be underwriters, which are typically financial organizations that supply a company with capital, and along with that comes risk
As the wheels of the electric vehicle (EV) industry continue to spin at breakneck speed, many analysts and investors have been caught up in the electrifying whirlwind of optimism. But is the industry truly driving towards a sustainable future, or is it merely coasting on the momentum of passing hype? Beneath the surface-level excitement, underlying
Warren Buffett likes to say that you only need to be right about one or two stocks to succeed as an investor. This helps to explain why the Oracle of Omaha’s portfolio is concentrated in only a handful of stocks. Apple (NASDAQ:AAPL), Buffett’s biggest position, accounts for nearly half (46%) of his $354 billion investment
Sysco SYY, +0.28% has named Greg Bertrand as executive vice president, global chief operating officer, effective Sept. 1. The Houston-based company, which sells and distributes food products to restaurants, healthcare facilities and others, said Bertrand had served as executive vice president for U.S. food service operations since July 2018.
In this article MCW CRWD 9868-HK Follow your favorite stocksCREATE FREE ACCOUNT Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) on April 18, 2023 in Shanghai, China. VCG | Visual China Group | Getty Images Check out the companies making headlines
Trends come and go in the dynamic realm of investing. However, certain sectors offer more than just fleeting opportunities. Battery stocks are increasingly becoming the linchpin of the modern energy equation, promising technological progress and attractive returns for savvy investors. Hence, every investor wants a piece of the action and is actively looking for battery
During the 2010s, Block (NASDAQ:SQ) stock benefitted as the company innovated itself to the top among America’s transaction processors. Instead of looking for customers through banks or re-sellers, and building a complex system of special deals, Block went directly to merchants. It offered simple pricing, and a dongle that worked on a mobile phone. It
Gold prices traded marginally higher on Tuesday as traders set their sights on U.S. inflation and labor-market data due later this week. Price action Gold futures for December delivery GC00, -0.16% GCZ23, -0.16% gained 40 cents, or less than 0.1%, to $1,947 per ounce on Comex. Silver futures for September delivery SI00, +0.03% SIU23, +0.03%
In this article CRWD MCW BSX MRVL 9868-HK MMM Follow your favorite stocksCREATE FREE ACCOUNT Boston Scientific Corp. Chitose Suzuki Check out the companies making headlines in midday trading. RPT Realty — RPT Realty shares surged 19% after Kimco Realty, an operator of open-air shopping centers, said it would acquire the real estate investment trust
From early 2022 highs of close to $400, Tesla (NASDAQ:TSLA) stock plunged to lows of $102 at the beginning of the year. However, the stock is already higher by 120% for year-to-date and trades at $239. This is a good example of how blue-chip stocks can make a strong comeback even if there are temporary
Four long months. That’s the amount of time since the initial strikes by Hollywood writers and actors began. Not only is it hurting workers in the industry, but it’s also taking a toll on the media production companies. Additionally, they are the ones that market films and television shows. Production on new content remains at