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
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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
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,
U.S.-based electric vehicle (EV) stocks have cooled off in recent weeks. But nothing’s stopped the epic run of China-based EV play Nio (NYSE:NIO). I’ve long been skeptical about Nio stock, and I’ve been weary of the sentiment that it’s well on its way to becoming the “Tesla (NASDAQ:TSLA) of China.” Source: xiaorui / Shutterstock.com Yet,
Biotech companies involved in finding a vaccine or therapeutic for Covid-19 have been among the most popular, and volatile, stocks of 2020. Novavax (NASDAQ:NVAX) is no exception. NVAX stock is up near-2,000% in 2020. But that’s down nearly half from where it has been. Source: Ascannio/Shutterstock.com Novavax is one of the companies receiving funds from
Shares of companies going public via a reverse-merger with a special purpose acquisition company (SPAC), such as Landcadia Holdings II (NASDAQ:LCA), have been hot in 2020. On Sept. 10, LCA stock hit an all-time high of $19.28. But the shares are now at $13. Source: rawf8/Shutterstock.com The initial run-up in price came after Landcadia announced in
Roku (NASDAQ:ROKU) stock surged to all-time highs after the streaming device maker reported quarterly figures that absolutely crushed revenue and profit expectations. Source: Fozan Ns / Shutterstock.com Specifically, Roku topped revenue estimates by over 20% — growing revenues by a record-high 73% year-over-year — while reporting a sizable profit in the quarter (Wall Street was
Array Technologies (NASDAQ:ARRY) is a play on the solar sector, and that sector has moved higher over the past four years — despite President Donald Trump’s benign neglect. What’s more, it’s natural to believe that the likely Joe Biden administration will be friendlier to solar and other renewable energy sectors. But does that mean it’s
Ternium (NYSE:TX) announced its third-quarter earnings results this week and reported a significant bottom-line beat. $0.74 per share was the number reported, which was $0.43 per share north of consensus. The company also beat on the top line as sales came in at $2.14 billion ($113 million ahead of consensus). These numbers really demonstrate how
Turning on the television this week has likely made you want to run out and sell all your stocks. Or at least stay far away from investing. Source: Shutterstock But despite all the negative spin we’re hearing from the media … stocks rallied like crazy. And yet we still do not know who will lead
As we discussed last week — besides the fundamental economic issues the market is dealing with — the uncertainty around election day and Covid-19 have and will continue to contribute to increased volatility in the short term. Source: Shutterstock And unfortunately, all three of those issues remain unresolved after election day. Now, we understand these
Axon (NASDAQ:AAXN) stock popped to all time highs in early November after the law enforcement technology solutions provider reported blowout third quarter numbers which breezed past expectations and included a healthy fourth quarter guide. Source: Shutterstock Specifically, Axon’s revenues came in 10% above expectations — rising nearly 30% year-over-year — while earnings per share doubled
Analysts think of Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) stock in terms of the company’s Google search engine. Source: PixieMe / Shutterstock.com But its biggest growth engine is YouTube, its video service. In its most recent quarterly report, released Oct. 29, Alphabet reported $5 billion in ad revenue for YouTube, up 31% from a year earlier. But that’s not
When we spoke last, I’d said that a decisive presidential election was likely, which is what investors were anticipating, too. Stocks rallied strongly on Monday, with the Dow climbing more than 300 points. Well, as you may know, a decisive election outcome ended up not being the case, as folks are still counting ballots in
Welcome to the stock market today! Election Day may be over, but the future remains unclear. That means investors are likely paying close attention to battleground states such as Pennsylvania, North Carolina and Georgia. Follow along for live updates on the stock market throughout the day with InvestorPlace. Latest Updates: Stocks Close Higher, Safe-Haven Assets
Luckin Coffee (OTMKTS:LKNCY) has been rising for almost no good reason. Since my last article on Luckin stock on Aug. 11, it has risen 96.6% from $2.34 to $4.60 on as of close on Tuesday. However, nothing has happened since then that warrants such an increase. Source: NewsToday / Shutterstock.com In fact, the only major
As the largest company in the world, Apple (NASDAQ:AAPL) isn’t the sort of company that you’d expect to have a big breakout in 2021. After all, it’s already so big and so huge that it takes a lot to move the needle on AAPL stock. But make no mistake. That’s exactly what will happen in 2021.
A couple of weeks ago, I detailed how investors in streaming giant Netflix (NFLX) should focus on the big picture. The stock dropped despite a Q3 revenue beat, because not enough subscribers were added and the usual Euro bond revaluation tanked net income. Late last week, shares were caught up in a tech sector selloff,
It’s Election Day 2020. Naturally, the question on the top of everyone’s mind is: Who is going to win? President Donald Trump, or former Vice President Joe Biden? But, as investors, we are asking a slightly different question: Who is going to be better for the stock market? Trump or Biden? Source: chrisdorney / Shutterstock.com
The Nasdaq has been the leader among the indices out of the novel coronavirus pandemic crash. It’s up an impressive 26% year-to-date. But the recent heroes on Wall Street are comeback sectors like the solar stocks. Consensus is that First Solar (NASDAQ:FSLR) is the cream of the crop, much like Canopy Growth (NYSE:CGC) is to