The slang term “trading the cable” is used by forex traders to refer to an exchange between British pounds and U.S. dollars. The word cable may refer to the exchange rate between the pound and the dollar, and may also simply refer to the British pound. Key Takeaways When the currency pair is the British
admin
DoorDash (NYSE:DASH) has been a public company for 14 trading days since its initial public offering on Dec. 8. On its first day of trading, DoorDash stock gained almost 86%, closing pennies under $190. Source: Sundry Photography / Shutterstock.com In the 13 days since, it’s lost ground on 10 occasions. Down 28% from its first
2020 is almost over… Finally. What a year it’s been. It all started with a U.S. strike that killed Qasem Soleimani, the Commander of Iranian Forces, in January. Less than a month later, NBA legend Kobe Bryant died in a helicopter crash. Then, about a month after that, Tom Hanks tested positive for Covid-19, and
It’s been about two years since Moderna (NASDAQ:MRNA) came public. The company raised $604 million at a $7.5 billion valuation. But the first-day return for MRNA stock was a dud. The return was an awful -19%. Source: Ascannio / Shutterstock.com At the time, there were concerns about the vaccine market, which has traditionally been challenging.
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
The one constant in the stock markets is change. Said differently, volatility is a constant companion to investors, which is why the CBOE Volatility Index (VIX) is such a widely tracked market index. Ever since this measurement of investor sentiment regarding future volatility was introduced (with futures and options following later), many investors have wondered
While investors don’t as a rule connect China and its used car market, there’s no doubt a big opportunity there. Isn’t there always when to comes to the world’s number two economy? And in the case of Kaixin Auto (NASDAQ:KXIN), the brass ring (or hubcap, if you like) seemingly presented itself through KXIN stock. Source:
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Ben Reynolds’ pick for the contest is Walgreens Boots Alliance (NASDAQ:WBA). Walgreens Boots Alliance (NASDAQ:WBA) is a global pharmacy-led health enterprise, and WBA stock is one of the best to buy for 2021. Source: by InvestorPlace Overall, Walgreens is a large and
A few weeks back, I said to fade the big rally in Sundial Growers (NASDAQ:SNDL). But now, after its pullback from 75 cents to 45 cents per share, there may be opportunity in SNDL stock for those with a high risk appetite. No, not due to the fact this penny stock has fallen further below
Here are the stocks making notable moves in midday trading. Tesla – The automaker jumped 3% to a new all-time high. The move caps a record year for Tesla, which saw the company report five straight quarters of profit extending back to 2019. The electric automaker was also added to the S&P 500. Shares are
There is an old Chinese curse, “May you live in interesting times.” 2020 was certainly an interesting year for investors with holdings in China. Early in 2020, short-sellers went after China as the coronavirus began spreading. However, Chinese markets snapped back quickly, led higher by technology and e-commerce companies, such as Alibaba. Exchange-traded funds (ETFs)
With Wall Street seemingly souring on Palantir (NYSE:PLTR), the company lacking a solid competitive advantage, and the shares continuing to trade at a huge valuation, I remain bearish on Palantir stock. Source: rblfmr / Shutterstock.com In recent weeks, Morgan Stanley and Credit Suisse have dropped Palantir to the equivalent of “sell” ratings. Meanwhile, short-seller Citron
Editor’s note: This column is part of our Best Stocks for 2021 contest. The Readers’ Choice pick for the contest is Nio (NYSE:NIO). Source: by InvestorPlace Overall, 2020 has provided quite a ride for everyone. And as we look back at the past year, some of the best stocks on Wall Street emerged from the rubble of
It’s been a few weeks since Airbnb (NASDAQ:ABNB) went public at $68 a share. Since then, Airbnb stock has jumped to $150, most of those gains coming on its first day of trading. Source: BigTunaOnline / Shutterstock.com The short-term stay platform sold $3.74 billion in gross proceeds in its initial public offering. Theoretically, it could
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in January, when he made the
Traders work on the floor of the New York Stock Exchange. NYSE The S&P 500 finished 2020 with a gain of 16.26% for the year and closed at a record high on Thursday, a remarkable performance after a drastic selloff in February and March. Some of the names in the broad market index had particularly
The feasibility of combinations in options trading allows profitable opportunities in varying scenarios. Be it the underlying stock prices going up, going down, or remaining stable, suitably selected option combinations offer apt profit potential. This article goes over “strip options”, one of the market neutral trading strategies with profit potential on either side of the
Plug Power (NASDAQ:PLUG) stock is another overly hyped clean energy stock that has no near-term prospects of profits. Plug Power stock is now up almost 1,000% percent in the last year, i.e., up 10x. But it is out of control. Source: Alexander Kirch / Shutterstock.com There seems to be no end in sight for ridiculously
In today’s near-zero interest rate environment, it’s been tough for investors looking for yield. There are many high-yielding dividend stocks to buy, but with markets at all-time highs, many of them have gotten stretched when it comes to valuation. With concerns 2020’s overvalued stock market will head lower in 2021, it may not be best
The market’s fixation with drug manufacturers involved in treating or preventing the novel coronavirus is creating opportunities for value investors. Pfizer (NYSE:PFE), through its partnership with BioNTech SE (NASDAQ:BNTX), drew in investor interest. Between November and December, PFE stock traded no lower than $34 and topped around $43. Source: Manuel Esteban / Shutterstock.com Pfizer separated