iBio (NYSEAMERICAN:IBIO) is expanding its horizons. In addition to being way behind in the race to develop a coronavirus vaccine, it’s now also way behind in the race to develop a coronavirus treatment. Despite the company’s decision to diversify its business, I remain bearish on IBIO stock at this point. Source: Shutterstock.com As many other
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Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C. Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images This is a developing story. Check back for updates. Shares of DraftKings jumped 16% in premarket trading after the company said
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY. Gary Hershorn | Getty Images Check out the companies making headlines after the bell: Five Below — Five Below shares rallied after the close of the regular session Wednesday evening after it said sales
One of the biggest perks of home ownership is the ability to build equity over time. You can use that equity to secure low-cost funds in the form of a “second mortgage”—either a one-time loan or a home equity line of credit (HELOC). Key Takeaways Home equity can be a great source of value for
Jamie Dimon, the well-known chairman and CEO of JPMorgan Chase (NYSE:JPM), told investors in last quarter’s shareholder letter that they would continue “to pay our dividend – unless the economic situation deteriorates materially and significantly.” But JPM stock may suffer if the bank does not increase the quarterly dividend in the next several weeks, as
Its been the year of the special purpose acquisition company (SPAC). Over 50 SPACs have been formed in 2020 alone, and they have raised over $21.5 billion. Spartan Energy Acquisition (NYSE:SPAQ) is one of the top SPACs in the market, as SPAQ stock has jumped 40% so far this year. Source: Shutterstock The company’s big
The fireworks just keep going off, with the S&P 500 scorching higher and hitting another record high. With that in mind, let’s look at a few top stock trades as we finish off Wednesday’s trading session. Top Stock Trades for Tomorrow No. 1: Peloton (PTON) Peloton (NASDAQ:PTON) shares have been on fire lately, and the
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission
Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, U.S., on Thursday, April 4, 2019. The SEC says Musk violated his agreement with the agency when he tweeted on February 19 that Tesla would make about half a million cars in 2019, before tweeting a few hours later that
When Nio (NASDAQ:NIO) staged an incredible rally for the week, rising from around $14 to a 52-week high of $20.97, management took advantage of the rise. The company announced a proposed offering of 75 million American Depository Shares (“ADS”) on Aug. 27. Underwriters may buy another 11.25 million ADRs. Nio fell a pronounced 6.94% the
Warren Buffett Gerry Miller | CNBC They say 90 is the new 70, and in Warren Buffett‘s case it may be true. The chairman and CEO of Berkshire Hathaway announced today, on his 90th birthday, that his company has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies.
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of 92 cents per share, more than doubling the 45 cents a share consensus estimate. Revenue came in well above Street forecasts. Zoom also raised its annual revenue forecast by more than 30%, with the
Since the stock market trends higher—or stays level—far more often than it declines, it is difficult to make consistent money by shorting stocks or exchange-traded funds (ETFs). You can sell short S&P 500 ETFs like the S&P 500 Index (SPY). But this strategy can be risky, since losses on short positions in stocks, ETFs, or
Editor’s note: “7 Safe Dividend Stocks for Investors to Buy Right Now” was previously published in April 2020. It has since been updated to include the most relevant information available. Income investors are looking for sources of yield again, as interest rates are low once more and the safe sources of fixed-income yield are drying
In a prior article, I said that Docusign (NASDAQ:DOCU) was a company that will continue to grow regardless of the pandemic. Secure, electronic signatures are simply an idea whose time has come. And it has become essential technology for many online businesses. But should you buy Docusign stock at its current price? The technicals are
The first day of September saw more money flow into stocks, with the S&P 500 hitting its eighth-straight record high. With that in mind, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Zoom Video (ZM) Wow, what an incredible run it’s been for Zoom Video (NASDAQ:ZM).
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images Interest rates near zero likely will stay in place not for months but instead years as the Federal Reserve seeks to re-engineer an economy characterized by low inflation and an uneven
A bear statue stands outside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Friday, March 13, 2020. Alex Kraus | Bloomberg | Getty Images Throw in the towel on a market pullback? It’s getting lonely being a market bear. Investors — even market bulls — who are trying to figure
A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing company rallied more than 30% on the back of better-than-expected results for
When the U.S. first suffered the initial disruption from the novel coronavirus pandemic, many companies scrambled to find work-from-home solutions. Immediately, Slack Technologies (NYSE:WORK) quick rose to the forefront. Slack specializes in organizational communication platforms that efficiently sharing data among various parties. Following the crisis, such mechanisms became all the more critical, bolstering the bullish