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
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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
Here in Canada, the Moderna (NASDAQ:MRNA) Covid-19 vaccine has made its way across the country, and as I write this with the most vulnerable expected to receive their first doses any moment. You would think the Moderna rollout in various countries around the world would be good news for MRNA stock, but the opposite appears
Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients, and is sharing it with us here. Happy New Year, Art. Look forward to seeing you on the floor in 2021. Subscribe
Traders work on the floor of the New York Stock Exchange. NYSE Stocks exit 2020 with strong gains and are riding a tailwind, but already in the dawn of the new year, the market could face its first big challenge. The final outcome of the 2020 election plays out Tuesday, when voters in Georgia will
When a company wants to restructure its debt and equity mix to better position itself for long-term success, it may consider issuing a debt/equity or equity/debt swap. In the case of an equity-for-debt swap, all specified shareholders are given the right to exchange their stock for a predetermined amount of debt in the same company. Bonds
Some investors just can’t help themselves. They love companies with low share prices. However, those equities come with an array of risks, including increased probability that when the $5 and $1 marks are breached, these names can join the ranks of delisted stocks. To clarify, firms vulnerable to becoming delisted stocks currently trade on a
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Now that Fisker (NYSE:FSR) has signed a definitive agreement with Magna International (NYSE:MGA) to make its new Ocean electric SUV, I took another look as what I wrote about this earlier in December. I believe that analysis still stands especially now that the Magna deal is finalized. And, I still believe Fisker stock is likely
Airbnb (NASDAQ:ABNB) stock is coming back to earth after a blockbuster debut. Shares of the home-rental giant plunged 25% within a week of debuting. Source: Tero Vesalainen / Shutterstock.com However, Wall Street believes the stock could slump further. And with shares trading at a price-earnings ratio of 21.3x, can you blame them? Airbnb is not
Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The stock was up 2% at