U.S. stock futures pointed to further gains for Wall Street on Friday, as investors continued to balance positive earnings news with concerns about how rising COVID-19 cases might affect the economic recovery. What are major indexes doing? Futures on the Dow Jones Industrial Average YM00, +0.48% rose nearly 0.4%. S&P 500 futures ES00, +0.52% rose
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The investing world has certainly changed in recent decades. If I had proposed to my partners at my former firm in the 1990s that one day we could buy stock in a company that grows marijuana, I would have been fired on the spot. Canadian based Sundial Growers (NASDAQ:SNDL) is just one of the many
After hitting record stock prices on high hopes for alcoholic seltzer drinks, Boston Beer Co. Inc. fell flat Thursday, and executives admitted they had “overestimated the growth of the hard seltzer category.” Boston Beer SAM, +1.89%, maker of Sam Adams beer and Truly-branded alcoholic teas and seltzers, reported a second-quarter profit decline and significant earnings
Canopy Growth (NASDAQ:CGC) and CGC stock lost ground in recent days due to the realization by investors that the new cannabis legalization bill being put forward by Senate Majority Leader Chuck Schumer has got a long way to go before it goes to a vote. Source: Shutterstock When it does, it’s doomed to fail.
European stocks rose Thursday as traders renewed bets on an economic recovery, ahead of a European Central Bank meeting in which the central bank will communicate its intention to keep monetary policy loose for the foreseeable future. The Stoxx Europe 600 SXXP, +0.77% rose 0.5%, with travel and leisure stocks including cruise operator Carnival CCL,
To make a comparison to football, IBM (NYSE:IBM) is the Dallas Cowboys of technology. How do I mean? Well, both IBM and the Cowboys are overrated. They haven’t won a title in a quarter century and they’re not going to do it this year. Their system is stale, yet somehow they still have fans. All
To market veterans, talk of a stock-market “bottom” after a mere 3% pullback might sound odd, but that’s the sort of world investors live in right now, says one chart watcher. While stocks have climbed in 2021, hitting new highs as recently as last week, fewer and fewer individual stocks have participated in the move,
The last few months have been quite eventful for Chinese ride-sharing service Didi Global (NYSE:DIDI). In June, DIDI stock was listed on the New York Stock Exchange. At the height of its first day of trading, it boasted a market capitalization of over $80 billion. Source: zhu difeng / Shutterstock.com However, DIDI stock plunged after
People want SUVs, and as the economy thrives, so do the prospects of Americans. That’s why there are so many midsize luxury SUVs to choose from, despite prices that start in the mid-$40,000 range and rise from there. Market demand supports a wide range of choices in the segment. If you’re planning to buy one
Zomedica (NYSEAMERICAN:ZOM) is the “meme stock” that just can’t take off. Despite constant prodding from Reddit and even some positive opinions from InvestorPlace, this pet health company remains in the penny stock dungeon. In fact, ZOM stock shares haven’t traded above $1 since April. Source: didesign021 / Shutterstock.com Fortunately, though, help is on the way
“ ‘And for most people who get this delta variant, it’s going to be the most serious virus that they get in their lifetime in terms of the risk of putting them in the hospital.’ ” That’s Dr. Scott Gottlieb, who was head of the Food and Drug Administration between 2017 and 2019, on the
Once upon a time, electric trucking company Hyliion (NYSE:HYLN) was a Wall Street darling. Investors were wowed by the company’s breakthrough renewable natural gas (RNG) technology as well as its potential to address the shortcomings of electric and hydrogen technology in long-haul trucking. From June to September 2020, HYLN stock soared from $10 to $55.
U.K. stocks recovered on Tuesday after the worst day in two months, as concerns about the endurance of COVID-19 in the face of vaccines are still casting an overhang over the market. After the FTSE 100 UKX, +0.72% fell by 2.3% on Monday, the worst single-day performance since May 11, the benchmark index rose 1%.
Last month, I wrote about Square (NYSE:SQ) stock using a comparison with PayPal (NASDAQ:PYPL) and concluded it was way too cheap. On June 7, SQ stock closed at $216.95 and I wrote it was worth $250.33. Source: monticello / Shutterstock.com Since then, SQ stock jumped to as high as $254.78, but has fallen to current
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Microsoft (NASDAQ:MSFT) could reach $400 per share and have a $3 trillion market capitalization. This forecast for MSFT stock to rise over 41% is based on its huge free cash flow (FCF) and high FCF margins. Investors will get a better sense of this when Microsoft releases on July 27 its fiscal Q4 earnings ending
Wouldn’t it be nice to work fewer hours and get paid more? According to a study from RewardExpert, this dream can be your reality — if you know where to look. The study used data from the Bureau of Labor Statistics’ State and Metro Area Employment, Hours and Earnings report to identify the top metropolitan areas where workers enjoy shorter workweeks
It’s been almost two months since AT&T (NYSE:T) announced it was spinning off WarnerMedia and merging it with Discovery (NASDAQ:DISCA, NASDAQ:DISCK), the owners of such networks as HGTV and the Food Network. Source: Jonathan Weiss/Shutterstock Right in the press release, it justified its dividend cut, which will see the quarterly payment drop by half
For now, the U.S. government-bond market appears to be going along with the Federal Reserve’s view that inflation will remain largely under control, even after a few months of eye-popping readings. Beneath the relatively sanguine surface, though, is an undercurrent of worry. The concern is that 10-year Treasury yields TMUBMUSD10Y, 1.293%, currently hovering around 1.30%—
Imagine for a moment that you are an American investor, but as one you’re not allowed to buy into Amazon (NASDAQ:AMZN) yet Chinese investors are. Well, that’s where Chinese investors have actually been regarding Alibaba (NYSE:BABA) and BABA stock of late. Source: testing / Shutterstock.com What do I mean? This Chinese cloud company first listed on