Like you, I’ve been run ragged with all the negative news this year. Source: Shutterstock Together, the country faced the pandemic and the record bear market followed by the record bull … and we finished the year with a contentious election. But last night was a very special positive development! That’s when thousands of people tuned in
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Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Traders work on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures pointed to a mixed open Friday, in an investor sentiment tug-of-war between more encouraging
Day traders have terrible track records. Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multi-year period. Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well.
Traders work the floor of the New York Stock Exchange. NYSE Stocks could continue to struggle with the twin themes of the spreading virus and a potentially robust recovery, once a vaccine is deployed next year. In the coming week, the restrictions the spreading virus is imposing on the economy will be clear, when many
Diversification is a familiar term to most investors. In the most general sense, it can be summed up with the phrase: “Don’t put all of your eggs in one basket.” While that sentiment certainly captures the essence of the issue, it provides little guidance on the practical implications that diversification plays as part of an
Nikola (NASDAQ:NKLA), which is down 53.93% over a three month period, is evidence that even though the electric vehicle (EV) sector is on fire at the moment, you should exercise caution. Not every company is primed to be a multi-bagger. Case in point, Nikola stock Source: Stephanie L Sanchez / Shutterstock.com The company has no
Back on June 5, President Donald Trump said Wall Street legend Warren Buffett made a “mistake” by selling United Airlines (NYSE:UAL) and other airline stocks. Buffett dumped his UAL stock and all his other airline names some time in the first quarter. Source: travelview / Shutterstock.com Regardless of what you think about Trump, he has
Welcome to the stock market today! As we head into the weekend, the novel coronavirus remains top of mind. Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) have filed for emergency-use authorization. Will that step give investors some confidence? Maybe not. We also learned Friday that the World Health Organization is knocking Gilead (NASDAQ:GILD) down a peg, causing
Liberty Media’s John Malone Michael Kovac | Getty Images Liberty Media Chairman John Malone said hard assets look attractive as the unprecedented coronavirus stimulus is poised to lead to a depreciation in currencies. “We’ve survived this [pandemic] because of enormous fiscal and monetary stimulus,” Malone said in an interview that aired Thursday with CNBC’s David Faber. “And
Here are the companies making headlines in midday trading: Shopify – Shares of the e-commerce company advanced more than 5% after Jefferies upgraded the stock to a buy rating. “We have a greater appreciation for SHOP’s ability to deliver robust growth for the next several years and reach ~$10B of revenue in 2025,” the firm
For building retirement savings, 401(k) savings plans have become one of the better deals. Traditional 401(k)s allow you to save pre-tax dollars right out of your paychecks to build a retirement nest egg. The Roth 401(k) has been added to many workplace plans; it allows you to build savings that you can withdraw tax-free in retirement
Last month I wrote that BP (NYSE:BP) was at least 20% undervalued based on its free cash flow (FCF) and its new lower dividend. I still believe that BP stock is at least 22% too low based on its new situation. Source: FotograFFF / Shutterstock.com For example, on Oct. 27, the company reported its Q3
With the crazy world we’re living in, it was almost inevitable that the markets had at least one more surprise in store. Sure enough, a big one came last week in the form of a very positive third-quarter earnings report for ElectraMeccanica (NASDAQ:SOLO). The niche electric-vehicle (EV) manufacturer, specializing in the three-wheeled, single-seater Solo, reported
In line with my previous prediction, the recent robust economic recovery boosted Wells Fargo’s (NYSE:WFC) third-quarter results nicely. Meanwhile, the valuation of WFC stock remains extremely attractive and worries about the bank’s previous scandals are tremendously overdone. Source: Ken Wolter / Shutterstock.com Wells Fargo’s earnings per share came in at 42 cents, up from a
On June 1, DraftKings (NASDAQ:DKNG) closed at $43.70. This Monday, DraftKings stock closed about 2% lower. Source: Lori Butcher / Shutterstock.com That trading is somewhat interesting given what’s transpired over those five and a half months. Pretty much everything has gone right for DraftKings. The external environment has steadily improved. And yet, DraftKings stock has
John Malone chairman of Liberty Media Michael Kovac | Getty Images | Vanity Fair) Liberty Media Chairman John Malone said Amazon, Apple or Roku could potentially dominate in the crowded streaming space given their ability to scale globally. “I think these global platforms will be enormously powerful. And most product creates will be selling wholesale through these
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: FireEye — Shares of FireEye jumped 12% in extended trading after the cybersecurity company announced a $400 million strategic investment led by Blackstone. FireEye intends to use the proceeds to fund the acquisition of Respond Software and grow the company’s
A fiduciary duty exists in law when a person or entity places trust, confidence, and reliance on another to exercise discretion or expertise in acting on behalf of the client. The fiduciary must knowingly accept that trust and confidence. In the U.S. legal system, a fiduciary duty describes a relationship between two parties that obligates
Since I last wrote about Electrameccanica Vehicles (NASDAQ:SOLO) the bullish crowd has made my skepticism look positively absurd. SOLO stock is up almost 150% in the last month (as of this writing). That’s a pretty big can of crow investors are putting on my plate. And I’ll admit to a misstatement in my recent article
Shares of special purpose acquisition company Switchback Energy (NYSE:SBE) spiked on Nov. 17 on a wave that was triggered by good news in the electric-vehicle segment. Owners of SBE stock saw their holding rise some 15%. Source: Scharfsinn / Shutterstock.com The increase demonstrates the segment’s sensitivity and underscores the volatility associated with this immature area