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
Daily Trade
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
Fisker Motors (NYSE:FSR) has completed its merger with Spartan Energy Acquisition, a special purpose acquisition company (SPAC), and begun trading on the New York Stock Exchange. Source: Eric Broder Van Dyke / Shutterstock.com It’s just one of the slew of SPACs that have helped the NYSE gain on the NASDAQ, as the Financial Times noted
The U.S. stock market is not off to a good fall season. The S&P 500 Index is currently down by 7.6% since Sept. 2 to date, and that includes the bit of recovery in the earlier days of October. Source: S&P 500 Index Total Return — Source: Bloomberg In the October issue of Profitable Investing,
When former Vice President Joe Biden announced his $2 trillion climate plan, investors immediately began pouring their money into solar companies like Sunrun (NASDAQ:RUN). Between this and its recent merger with rival Vivint, RUN stock has risen more than 200% since Biden cinched the Democratic nomination back in June. Source: IgorGolovniov / Shutterstock.com Investors will
Moderna (NASDAQ:MRNA) stock is getting ready for prime time. Its Covid-19 vaccine is nearing completion of its testing phase probably sometime in November. The Moderna stock, already up substantially, could take off then. Source: Shutterstock.com At that point, the company will apply for an emergency use authorization (EUA) with the Federal Drug Administration. CEO Stephane
When I planned this Palantir (NYSE:PLTR) write up last week, I wanted it to be a clear buy recommendation. The bad news is that PLTR stock took off like a rocket into space. That’s good news for those long it already. But for new buyers, it’s not a good idea to chase a stock after
Since reaching a peak in September, HYLN stock has tumbled 62% as allegations of fraud have circled its electric vehicle (EV) competitors. Now that it’s trading around $20, does Hyliion (NYSE:HLYN) stock represent a fantastic entry point into an innovative company? Or is it yet another fraud on a slow deathmarch to zero? Source: Shutterstock
Facebook (NASDAQ:FB) stock dropped sharply in late October after the social media giant reported third-quarter numbers that smashed user, revenue and profit expectations, broadly underscored a rapid recovery in ad spending trends and included a healthy fourth quarter guide. Source: Ink Drop / Shutterstock.com What gives? Widespread market irrationality. The market freaked out on the
Twitter (NYSE:TWTR) stock plunged by more than 20% in late October after the social media company reported third-quarter numbers that — while ostensibly very strong — didn’t quite live up to supercharged investor expectations. Twitter stock had, after all, surged more than 60% year-to-date heading into the print. Source: Worawee Meepian / Shutterstock.com Plenty of
Since late September, Nokia (NYSE:NOK) stoke was gaining some momentum, with the share price going from $5 to $6. But on the news of NOK stock and its third quarter results, the gains have been wiped out. The shares are off about 18% or so. Source: rafapress / Shutterstock.com This pattern is typical for Nokia.
The world is flooded with special purpose acquisition companies (SPACs) these days. But — while a lot of these SPACs do present compelling early-stage investment opportunities — arguably none are as attractive as Social Capital Hedosophia Holdings Corp. II (NYSE:IPOB) stock. Why is that? Because IPOB stock — which is the second SPAC from well-known