This has been one of the craziest weeks I can remember in more than 20 years. Source: Shutterstock I already told you how Monday was one of the strangest trading days I’ve ever experienced. And while the rest of the week wasn’t quite as wacky, it was certainly different. One theme was a rotation out
Daily Trade
Trading at a low valuation, especially for a growing company in the tech sector, McAfee (NYSE:MCFE) has some significant, positive attributes. Nonetheless, I advise investors to wait until after the company reports its third-quarter results before buying MCFE stock. Source: Tada Images / Shutterstock.com McAfee has outstanding products, a high number of customers, a strong
The stock market is consolidating today following its big rally on Monday, which saw the S&P 500 and Dow surge to new record highs on massive volume. As I said in Tuesday’s Market360, the rally was a “mean reversion” rally and a big shift out of growth and into value. Source: Michael Vi / Shutterstock.com The good
The media likes to focus on Zoom Video (NASDAQ:ZM) as its poster child of a novel coronavirus stock winner. But Overstock.com (NASDAQ:OSTK) has quietly eclipsed the tech platform’s shares, with OSTK stock rising more than six-fold year-to-date, 40% more than Zoom. Source: Burdun Iliya / Shutterstock.com Unfortunately, that’s not any consolation to recently buyers. OSTK
From a bird’s-eye view, DraftKings (NASDAQ:DKNG) is a name that you’ll want to own for the long haul. With sports returning back to the forefront after the novel coronavirus initially disrupted major professional leagues, DKNG stock has clear upside ahead, and a growing consumer base to boot. Source: Lori Butcher/Shutterstock.com According to data from The
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
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