We’ve started the last month of this crazy year on a high note. Stocks are breaking out to new highs to end this first week of December … and investors are making a whole lot of money as a result. Source: Shutterstock In today’s new episode of MoneyLine, I dive into the market’s strength and
Daily Trade
Shares of Cinedigm (NASDAQ:CIDM) stock are quickly rising on Friday morning after an important company announcement on Thursday. Source: Pavel Kapysh / Shutterstock.com The firm released a statement that its linear streaming channels are now available on Rad, a livestreaming platform with a diverse lineup of content for its users. It is quickly growing, and
Sit back, grab some popcorn and pay attention to the news coming out of the entertainment world. Investors who did that today likely noticed a major downward move in AMC Entertainment (NYSE:AMC) and its movie theater peers. Unfortunately for AMC stock, Thursday did not bring a happy ending. Instead, shares closed lower by nearly 16%
Splunk (NASDAQ:SPLK) news for Thursday from its third-quarter fiscal 2021 earnings report have SPLK stock taking a beating. This comes after reporting adjusted losses per share of 7 cents, which failed to reach Wall Street’s adjusted earnings per share estimate of 9 cents. Its revenue of $558.57 million also missed analysts’ estimates of $613 million.
Teladoc Health (NYSE:TDOC) stock has rallied 132% so far this year. But frankly, I don’t think that’s enough. Source: Piotr Swat / Shutterstock.com After all, I’ve been a bull on TDOC stock for years now. Nothing this year has changed that. If anything, the past eleven months have only strengthened my optimism. Overall, Teladoc has
After an impressive month of growth in November, shares of Canopy Growth (NASDAQ:CGC) stock are ticking higher on Wednesday. Source: Shutterstock The move comes after BioSteel, a sports nutrition and hydration company, entered an agreement with the Philadelphia 76ers of the NBA to become the official sports drink of the franchise. The multi-year deal includes
Online e-commerce sales broke new records for Black Friday and Cyber Monday as more consumers opened their wallets. This comes despite the fact that COVID-19 cases are rising. Source: Shutterstock Adobe Analytics found that shoppers spent a stunning $9 billion online this year for Black Friday, almost 22% more than last year’s figure. This represents
View Smart Windows is planning to go public via a merger with special purpose acquisition company (SPAC) CF Finance Acquisition (NASDAQ:CFII). Source: Shutterstock.com News of the SPAC merger between View Smart Windows and CF Finance Acquisition have CFII stock on the move Tuesday. This has resulted in more than 6 million shares of CFII changing
Among the curious developments amid the novel coronavirus pandemic has been soaring interest in electric vehicles (EVs). Always a forward-looking sector, EVs took on greater urgency during this crisis when Covid-19 disrupted the global auto supply chain. That’s because, structurally, EVs have fewer moving parts, insulating their manufacturing from outside events. However, current technologies underlining
Aphria (NASDAQ:APHA) is seeing an increase to APHA stock on Monday after announcing the completion of its deal to acquire SweetWater Brewing. The deal was previously announced by the company earlier this month. Source: Yarygin / Shutterstock.com Following news that the deal is complete, APHA stock has been seeing heavy trading. This has resulted in
2020 has been a crazy year. Some stocks have fallen 90%; others have risen 900%. Some industries are in turmoil, while others are experiencing the best growth imaginable. For better or for worse, Teladoc Health (NASDAQ:TDOC) is experiencing strong growth this year. As a result, TDOC stock is up 126% in 2020. Source: Piotr Swat
Nio (NYSE:NIO), the Chinese maker of luxury electric vehicles, is not Tesla (NASDAQ:TSLA). But investors are treating NIO stock as though it is. Source: Carrie Fereday / Shutterstock.com The shares have been a 10-bagger, gaining 1,227% in value through Nov. 24. The gains have come since the government of China announced it was handing the firm
Here’s a little investing brain teaser to shake you out of your tryptophan coma this holiday weekend. Source: Shutterstock What do these four companies have in common … besides absolutely massive gains? Microsoft (NASDAQ:MSFT) Oracle (NYSE:ORCL) Salesforce.com (NYSE:CRM) Adobe Systems (NASDAQ:ADBE) They’re all well-known tech giants worth a ton of money, from Oracle’s $173 billion
Is Salesforce (NYSE:CRM) buying Slack (NYSE:WORK)? Turns out, that is a question that many investors want answers to on Wednesday. After a Wall Street Journal report broke, rumor has it that may be true. But what would it mean for WORK stock? And what do we actually know now? Source: Sundry Photography / Shutterstock.com With
I hope you and yours had a happy and healthy Thanksgiving. Source: Shutterstock I know it was different and even difficult for a lot of folks this year, but I do hope you have been able to find things in your life for which you are thankful. I am thankful for many things … especially
After ripping past $25 per share without skipping a beat, could Switchback Energy (NYSE:SBE) stock soar up to $50 per share? Given the extreme enthusiasm behind this name, it’s possible in the near-term. Source: Michael Vi / Shutterstock.com This SPAC (blank-check company) is just weeks away from completing its merger with EV infrastructure company ChargePoint.
NextEra Energy (NYSE:NEE) is clearly on a warpath to acquire or merge with another utility as news emerged recently about a recent bid. If successful, one effect this will have will be to justify the high valuation of NEE stock. Source: madamF / Shutterstock.com Investors should take note of this situation, as I pointed out
The mere mention of electric vehicles is well, electrifying. The sector, and other related stocks like Li Auto (NASDAQ:LI) show no signs of slowing down. Source: Carrie Fereday / Shutterstock.com Over the last few weeks alone: Tesla (NASDAQ:TSLA) ran from a July low of $187.43 to $528 Nio (NYSE:NIO) ran from $6.80 to $56 Workhorse
It was a quiet session on Wednesday, the last full day of trading this week. Remember, the stock market is closed on Thursday for Thanksgiving and only open for a partial session on Friday. Let’s look at a few top stock trades moving today. Top Stock Trades for Tomorrow No. 1: Nikola (NKLA) Investors already
Next year at this time, we will celebrate the 400th anniversary of what’s considered the first Thanksgiving. Source: Shutterstock You know the story. Colonists who had come to America aboard the Mayflower and celebrated the harvest with the Native Americans. I had forgotten it was a three-day feast. Most of us today gather for one