The shares of Inovio Pharmaceuticals (NASDAQ:INO) were on fire this spring after the company had become one of the leaders of the Covid-19 vaccine race. INO stock soared 860% in the first half of the year, comfortably beating the majority of its peers. Source: Shutterstock However, due to the lack of detail in the company’s
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The world has changed, but this time it’s for the better. But amid a market made up of stocks and some of which are bound to outperform on both an absolute and relative basis, three ‘stay away’ companies are making breakouts worthy of being stocks to buy for your portfolio today. Wall Street received a
2020 will be remembered as the year of many things, most of which we’d probably just as soon forget. Source: Shutterstock But from an investing standpoint, we may well look back on 2020 as the year of the SPAC. We’ve talked about SPACs before. It’s an acronym for Special Purpose Acquisition Company, which is a
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial average member Walgreens Boots Alliance dropped more than 11% in
Traders work the floor of the New York Stock Exchange. NYSE After surging on vaccine news, the stock market is more likely to stair step higher as the increase in virus cases competes with the promise of a more normal economy in the coming year. The S&P 500 rocketed higher on Pfizer’s Nov. 9 announcement
Tax Deductions That Went Away, Starting With 2018 Taxes The Tax Cuts and Jobs Act (TJCA) was signed into law in 2017 by President Trump. The Act nearly doubled the standard deduction and eliminated—or limited—many itemized deductions. The effect of the tax reform was that people who used to itemize on Schedule A took the
Beyond Meat (NASDAQ:BYND) reported its Q3 earnings on November 9 and they showed a significant slowing in revenue and profits. So why is Beyond Meat stock still trading as if the company’s growth is accelerating? This is not likely to last much further. Source: calimedia / Shutterstock.com Beyond Meat stock trades at very high multiples
What names come to mind when you think of stay-at-home stocks? Upscale exercise bike maker Peloton Interactive (NASDAQ:PTON) might not be at the top of your list, but perhaps it ought to be. After all, PTON stock increased in value largely due to the home-exercise trend precipitated by the novel coronavirus. Source: JHVEPhoto / Shutterstock.com Yet
Sundial Growers (NASDAQ:SNDL) reported its third-quarter results on Nov. 11. Hidden among the various financial details was a note that the company plans to consolidate Sundial Growers stock to remain in compliance with Nasdaq listing standards. Source: Shutterstock Trading at 25 cents as I write this, it will most likely have to do a reverse
Tesla is joining the S&P 500 in December, but given the electric vehicle company’s size, adding it to the index is no easy feat, said CNBC’s Jim Cramer. “I think they’re baffled,” he said Tuesday of the index provider S&P Dow Jones Indices. “I really don’t think they know how to handle this … they
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – The retail giant earned $1.34 per share for the third quarter, compared to a consensus estimate of $1.18a share. Revenue beat forecasts as well. Walmart’s comparable-store sales also rose more than expected. The shares gained 0.8% in premarket trading as
Consumer staples products include those that consumers are unwilling or unable to cut out of their budgets, in spite of financial difficulties or economic turmoil. There have been many factors in play in recent months which have threatened financial situations across the country, including the COVID-19 pandemic and periods of heightened tension involving trade between
One of the first things a novice investor does is load up on dividend stocks. But I think it’s a wise strategy, even for experienced investors. We all should value safety and security, especially after the novel coronavirus pandemic sent the stock markets back by $5 trillion earlier this year. That’s why you see increased
If you had to pick one sector that you can rely on when things get difficult, sin stocks would represent an incredibly tempting proposition. While companies based on a cynical or even outright lurid business model are often attractive in the best of times, it’s at our worst when this sector has a powerful draw.
Solar stocks are heating up, because it has become abundantly clear on Wall Street that solar is the backbone of tomorrow’s clean energy powered world. To play this emerging solar megatrend, investors should consider charging up their portfolio with SolarEdge (NASDAQ:SEDG) stock. Source: Shutterstock In a nutshell, SolarEdge is a leading solar company that provides
For months, electric vehicle (EV) investors have eagerly anticipated the special acquisition company (SPAC) listing of Fisker (NYSE:FSR), a clean-auto company founded by famed car designer Henrik Fisker. Now those investors have been well-rewarded — FSR stock has already risen over 65% since its went public on Oct. 30. Source: Eric Broder Van Dyke /
Relativity Space’s third generation 3D-printer in its new headquarters, with CEO Tim Ellis standing by for scale. Relativity Rocket builder and 3D-printing specialist Relativity Space is raising $500 million of fresh capital in a new round being led by Tiger Global Management, people familiar with the financing told CNBC on Tuesday. The new fundraise, expected
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Money is pouring into stocks through exchange-traded funds. You can thank the potential vaccines. Money is pouring in because U.S. investors who have been reluctant to put money
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares rallied nearly 10% after S&P Dow Jones Indices said it would add the electric car
Telecommunications companies use various technologies to transmit information globally. Some of the largest companies in the telecommunications sector provide fixed-line telephone and wireless services, as well as Internet data and video communications. The telecommunications sector is changing rapidly. Traditional technologies such as wireline telephone, radio, and television once dominated the telecommunications universe, but wireless mobile