Despite the stock market suffering its steepest loss since October, several leading consumer defensive names moved higher Wednesday as traders took bets over what stocks may be next to join a speculative trading bubble sweeping across Wall Street, and indeed, Main Street. Key Takeaways Several leading consumer defensive stocks saw unusual buying activity in a
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In the last week of January, the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) gave bulls a real startle. Investors saw the SPY quickly unwind, falling 4.5% in four days. Coming into that stretch, there were some warning signs and certainly some reasons why larger investors might have been unwinding their positions a bit. Source: Shutterstock
If you’ve followed my work over the years, you know that the one thing I consistently advise — beyond advantaging the “Roaring 2020s” — is to get into a habit of taking profits. If you don’t, you’re not in control of your investments. So, where should you start taking back the reins? FuelCell Energy (NASDAQ:FCEL).
American manufacturing icon General Electric (NYSE:GE) has had some good times and some rough patches in its long history. In recent years, GE stock owners have looked to CEO Larry Culp to steer the embattled company in the right direction. Source: Sundry Photography / Shutterstock.com Admittedly, it hasn’t been a smooth ride for shareholders. There
Simon Property Group (NYSE:SPG), America’s largest shopping mall landlord, spent 2020 becoming its biggest tenant. Source: Jonathan Weiss / Shutterstock.com During the pandemic year it bought out four of its tenants — Forever 21, Lucky Brand, Brooks Brothers and JCPenney. It already owned Aeropostale, acquired in 2016. Yet since missing earnings estimates with a profit
Now that Microvast has confirmed that it has an agreement in place to combine with Tuscan Holdings (NASDAQ:THCB), it’s time to start looking at the possibilities created by this merger. On the face of it, an investment in THCB stock looks like a good bet. Source: Alexandru Nika / Shutterstock.com The electric vehicle (EV) market
The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and a WiFi router. SpaceX SpaceX once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers. Prospective
Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stocks are hitting new highs on the back of a magical phrase being sprinkled like pixie dust among the conference calls this earnings season: “operating leverage.” “The market is set to see a substantial acceleration in earnings growth on
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts. The company saw a year-over-year decline in revenue, income and case volume, but
Kevin Matras looks at how to maximize your returns with high beta stocks. Read about EXPE, MAS, NP, NTY and WHR
Many people struggle to carve out the funds they need to build up their retirement nest eggs. Fortunately, a non-refundable tax credit, known as the retirement savings contribution credit, can make it substantially easier to save. Often referred to as the saver’s credit, it lets qualified individuals enjoy tax breaks above and beyond any tax
Boeing (NYSE:BA) is a company that some may consider too big to fail — too important to the U.S. economy and global aviation. Even former President Donald Trump said “We can’t let anything happen to Boeing,” back in 2020. Boeing stock would always be around, even when it was hurting. Source: Marco Menezes / Shutterstock.com
Last week, social media company Snap (NYSE:SNAP) reported strong fourth-quarter numbers which beat the Street’s expectations on all fronts. Users, revenues and profits all topped the analysts’ consensus estimates. In response, SNAP stock popped to fresh all-time highs. Source: dennizn / Shutterstock.com Since then, SNAP stock has retreated on news that the company is filing
From time to time, it’s nice to have an uneventful day in the market when volatility is low and stocks don’t make any big moves. Today was one of those days — and I’m more thankful than usual. Source: Shutterstock I spent the holidays in Nicaragua … and then I extended my trip … and
Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy,
If your employer offers life insurance as part of your employee benefits package, you may think you’re covered. But the amount of life insurance your employer provides could be insufficient to cover your family’s needs if something were to happen to you. In that case, you may want to consider supplemental life insurance, either through
IZEA Worldwide (NASDAQ:IZEA) is likely to take a hit now that a major brokerage firm has downgraded IZEA stock to “sell.” This is despite record January 2021 growth at this advertising company. Source: Shutterstock IZEA connects influencers and bloggers with brand name companies and makes money based on the total campaign dollars that the advertiser
On Monday evening, Chegg (NASDAQ:CHGG) reported blockbuster fourth-quarter numbers (PDF) to wrap up a record 2020 for the digital education company. In response to Chegg’s stellar finish to a breakout year, investors pushed CHGG stock up to fresh all-time highs. Source: Shutterstock That response makes complete sense. Chegg’s strong earnings report provides further evidence that
Oil stocks have been among the market’s worst stocks to own over the past few years. The global supply glut has caused oil prices to fall significantly as many of the world’s largest producers have ramped up production. At the same time, the coronavirus pandemic caused demand for refined products to plunge. This has served