Jumia (NYSE:JMIA) is an online marketplace which targets 11 African countries. It’s currently operating in Algeria, Cote d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Tunisia, and Uganda. The firm generates a majority of its revenue from western Africa. Its markets account for over 70% of Africa’s GDP and internet users and 600 million
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It’s no secret. Apple (NASDAQ:APPL) has been working on autonomous driving and electric vehicle technology in Cupertino for years, and will very likely launch its own self-driving electric car — dubbed the “Apple Car” — at some point in the early 2020s. Considering Apple’s huge success with the iPhone, Mac, iPad and Apple Watch, it’s
After debuting at $20 per share, a premium price for a special purpose acquisition company (SPAC), shares of Pershing Square Tontine Holdings (NYSE:PSTH) look to be trading in a range. Like expectant parents, traders in PSTH stock are waiting for the white smoke to finally billow from Bill Ackman’s chimney announcing that the SPAC has
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II There is a contentious
Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – Hasbro reported quarterly profit of $1.27 per share, 13 cents a share above estimates. Revenue also exceeded forecasts, boosted by ongoing increased interest in its board games and toys amid the pandemic. Hasbro shares rose 2.8% in premarket trading as
Who says only the FAANG stocks are breaking out?
The Standard & Poors 500 (S&P 500) Index is a popular benchmark index of large-cap stocks in the United States. The S&P 500 Index is a price index, meaning it represents the stock prices of the companies within the index. Some stocks are weighted more heavily than others, which means they have a greater impact
The novel coronavirus pandemic dismantled the entire aviation ecosystem. By last April, domestic and international flights were down 70% and 80%, respectively. That had a huge impact on the fall of airline stocks. Major airline companies implemented belt-tightening measures by furloughing staff, consolidating terminals and retiring parts of their fleet. However, with the Covid-19 vaccine’s
Investors typically love growth stocks with exciting stories. That’s because they promise powerful upside potentials and can increase revenue and earnings faster than their peers. So, the prospect of investing in these kinds of picks should appeal to many investors. However, above-market growth potential also suggests higher-than-average risk. In fact, recent research by scholars at
Overall, if there is insider buying, it could be a bullish sign for a company’s stock. Insiders have access to confidential information. Unfortunately, some insiders have used this information to gain an advantage over members of the public who do not have access to it. For example, if an insider may knows news is about
The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines in midday trading. Alphabet – Shares of the Google-parent company jumped more than 7% after Alphabet reported quarterly results that beat analyst expectations on the top and bottom line.
Retirement planning raises many questions: When can I retire? How much should I save? Will I continue to work and/or volunteer? What will I do to stay active? One factor that influences how you answer all of these questions is where you plan to retire— either at home in the U.S., or someplace abroad. While
A month ago, I had never heard about Ideanomics (NASDAQ:IDEX). Now IDEX stock up nearly 120% year-to-date and 638% over the past six months. Source: Shutterstock Obviously, the company’s one-two punch of clean energy and fintech (it helps companies finance the adoption of electric fleet vehicles) has all the markings of big-time momentum play. That
After “crushing it” over the past year, what’s next for telework stocks? The move to working remotely may have enabled us to minimize the spread of the novel coronavirus. Still, even as the vaccine rollout is in full swing and we look to fully enter “recovery mode,” this trend shows few signs of slowing down.
The resurgence of special purpose acquisition companies (SPACs) has created some of the markets hottest opportunities, such as Pershing Square Tontine (NYSE:PSTH). Set up by Bill Ackman of Pershing Square Capital, PTSH has already rallied from a low of $21.88 to a recent high of $31.21. Source: Shutterstock Shortly after, it would pull back to
A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share
Wyomissing Restaurant and Bakery Food Specialist Megan Catarious, prepares a crepe at the crepe bar at the Wyomissing Restaurant and Bakery on Penn Ave in Wyomissing, Pennsylvania, January 22, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images January’s employment picture appears to have improved over December, but how much so depends
Two Stocks Worth Considering.
Stock exchanges are not like other businesses. The performance of the national stock exchanges is often taken as a proxy for the health of a nation’s economy, or at least investor enthusiasm for the country’s prospects. National exchanges also play an under-appreciated policy role in deciding the listing and compliance standards for companies that wish
With conservatives preparing to strike back against Twitter (NYSE:TWTR) in multiple ways, the company is in a precarious position and its shares’ risk-reward ratio is negative. Therefore, I recommend that investors sell Twitter stock at this point. Source: Worawee Meepian / Shutterstock.com In previous columns, I’ve warned that Twitter and Facebook (NASDAQ:FB) were caught between