An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters What would a Democrat-controlled Securities and Exchange Commission look like? It’s early, but speculation is already raging on Wall Street. Who will be the next SEC Commissioner? Former CFTC chair Gary Gensler, who aggressively implemented Dodd Frank
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Here’s a look at the companies making headlines in after-hours trading. Moderna — The biotech stock rose 2% after Moderna said that it has had enough cases of Covid-19 in its vaccine candidate trial to take a look at the data, signaling that preliminary results could be released soon. The stock also rose more than
Does a Biden administration bode well for Plug Power (NASDAQ:PLUG)? On the heels of the Democratic Party nominee winning the U.S. Presidential election, it’s no surprise investors are betting on “green wave” stocks. Not only did the candidate promise to invest trillions into green initiatives. He also vowed to help phase out big oil. Source:
While the stock market surged on the heels of a wild Election Day 2020, red-hot solar stocks went dim, with The Invesco Solar ETF (NYSEARCA:TAN) shedding as much as 6%, and many headline solar stocks — like First Solar (NASDAQ:FSLR) and SolarEdge (NASDAQ:SEDG) — dropping more than 10%. Why? Because the election will likely end
President-elect Joseph Biden’s objective of net-zero carbon status for the U.S. by 2050 might seem like a lose-lose situation for older energy companies. However, this could turn out to be a win-win for BP (NYSE:BP), and hesitant BP stock traders might find reasons to flip bullish. Source: JHVEPhoto / Shutterstock.com Indeed, I’ll grant that a bullish
A pedestrian holding an umbrella walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Stocks are surging on Monday but some customers of online brokers Charles Schwab, TD Ameritrade, Vanguard and others could be missing out on the record market highs. E-brokers are experiencing technical issues with their
General view during the KKW Beauty Launches at ULTA Beauty on October 24, 2019 in New York City. Dimitrios Kambouris | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. Amazon, Facebook, Google, Apple — Big Tech stocks struggled on Tuesday as the rotation out of recent winners continued
One of the fears of the Presidential election has been that the process would be prolonged and perhaps involve unrest. But as seen by the powerful bullish moves in the markets this week, it looks like this scenario will not play out. But this does not imply that things will be smooth either. This is
I’ve long been a skeptic of Beyond Meat (NASDAQ:BYND). Why? A variety of reasons. Many see BYND stock as a secular growth story. But, between my concerns that “plant-based meat” is a fad, and the risk of competition limiting is its growth, I don’t see it as a great opportunity. Source: Sundry Photography / Shutterstock.com
Although e-commerce solutions provider Shopify (NYSE:SHOP) reported blowout third-quarter numbers in late October, which blew past expectations, Shopify stock still dropped after the print because the magnitude of the Q3 earnings beat was smaller than what the company reported in Q2. Source: Paul McKinnon / Shutterstock.com Specifically, Shopify topped Q2 earnings estimates by over a
Gimbels is long gone. J.C. Penney (OTCMKTS:JCPNQ) is bankrupt. Can Macy’s (NYSE:M) survive? It should, but it needs a little Christmas right now. In fact, M stock needs a lot of Christmas. Source: digitalreflections / Shutterstock.com For the first two quarters of its current fiscal year, Macy’s did close to $7 billion in business. That’s
CNBC’s Jim Cramer on Monday gave advice on how to approach the stock market after news of progress on a coronavirus vaccine sent the recovery stocks rallying and the stay-at-home stocks retreating. “I think you have to be prepared for a multiday sell-off in the Covid names,” the “Mad Money” host said. “These stocks have
Is it time for a reconsideration of this monster rally? With the S&P 500 up 9% in six trading sessions to an all-time intraday high (though not a closing high), many are looking at parts of the market as overbought. Others agree, but say it doesn’t matter in this strange mix of election and vaccine
The sell-off in big cap growth and tech may not be just a quick washout in high-priced names. It could be a reset for the stock market. Nasdaq and the high-flying stocks that have powered the market higher have been under pressure for the past two sessions, as investors switch out of names like Amazon,
Over the last few weeks, the shares of Luckin Coffee (OTCMKTS:LKNCY) have been hot. In fact, since Sept., Luckin stock has soared from a low of $2.27 to $5.05 as of Friday’s close. If it can break above its double-top resistance at $6.23, it could run higher. Source: Keitma / Shutterstock.com There’s no compelling reason
Switchback Energy Acquisition Corp. (NYSE:SBE) announced on Sept. 24 an electrifying merger with ChargePoint, the electric vehicle (EV) charging company. Since that time SBE stock has been on a tear. Source: Michael Vi / Shutterstock.com For example, at the time of the announcement the stock was at $12.46 per share, and today it’s at $16.88,
The history of film and television has included a number of different ways that people consume media. However, streaming is now the top dog — and streaming stocks are high in demand. Once upon a time, there was broadcasting. The big names were ABC, CBS and NBC. Then, in the 1980s came cable. Turner Broadcasting,
Josh Brown Adam Jeffery | CNBC Josh Brown‘s latest book on investment strategy is due out later this month, featuring 25 different financial experts who share their approach to markets. While the investors featured in the book own different assets, Brown said Monday on CNBC that there is a unifying thread connecting them. “Nobody has
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks skyrocketed and bond yields surged as investors bet Pfizer’s Covid-19 vaccine will help the broader economy recover and revive cyclicals and other
In a volatile economy, dividend stocks have always proven to be a safe play. These stable investments can offset losses and help you generate income over time. But picking the right dividend stock isn’t just about buying the ones that offer the highest yield. Very often, high dividend yield companies can make changes to the