The market chop continues, although equities were pushing nicely higher on Thursday. Can the market build on its recent momentum? Let’s look at the charts of our top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Tesla (TSLA) Tesla (NASDAQ:TSLA) shares were slightly higher on Thursday after reporting earnings on Wednesday after
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On Wednesday afternoon, Tesla (NASDAQ:TSLA) stock traded higher after the company reported third-quarter earnings. But Tesla shares often have a mind of their own. So it’s always a good idea to sit down and take an objective look at the numbers. Source: Grisha Bruev / Shutterstock.com I’ve been a TSLA stock skeptic for a long
One of the key components of investing in a Software-as-a-Service company like RingCentral is understanding the dynamic of SaaS vs standalone software. The very fact that revenues are typically recognized on a monthly recurring basis and locked-in to an annual plan makes investing in such a company an attractive proposition. On the other hand, the
After months of clinical trials, Gilead (NASDAQ:GILD) has finally gotten the all clear. As of Thursday afternoon, its remdesivir treatment for the novel coronavirus received full approval from the U.S. Food and Drug Administration. Gilead stock is shooting higher as a result. Source: Casimiro PT / Shutterstock.com This is truly massive news. The antiviral drug
Shares of Vertex (VRTX) declined 20% last week after the company announced the discontinuation of VX-814, the company’s candidate for alpha-1 antitrypsin deficiency. The decline seems disproportionate to the perceived value of this program, but it underscores Vertex’s main weakness – its relatively early-stage and unproven pipeline outside of cystic fibrosis (CF). The stock looks
Snowflake (NYSE:SNOW) made some noise when it arrived on the exchange just over a month ago. On Sept. 16, SNOW stock went public, and demand for the new issue was robust. This has helped jack its valuation through the roof, as demand far outweighed supply — and still does. Source: rblfmr / Shutterstock.com Let’s put
Summary Square (SQ) is a good company with a recognizable brand. They offer a diversified list of products and services in the financial services industry. The problem is they face very strong competition from new entrants as well as industry heavyweights which will put pressure on future prospects. Even after assuming generous growth and margin
I want to thank all who joined me yesterday to find out the best way to play the Roaring 2020s — and how investors can maximize their gains from the multi-year bull market that’s ahead. Source: Shutterstock We had a great turnout for our special Bull Market Confidential event, but if you weren’t able to participate, I
Prepared by Tara, Senior Analyst at BAD BEAT Investing CSX Corporation’s (CSX) stock has been chugging along as the company is working to get back on track. While things are definitely improving economically, the company is still facing some headwinds, most notably in its coal volumes, and not from general economic pressures. Rail data certainly
Prescription drug price comparison platform GoodRx (NASDAQ:GDRX) has a noble mission of helping people to locate the medications they need at the best available price. It’s an idea whose time has come, and I’m glad to see that the recent initial public offering (IPO) of GoodRx stock was accompanied by heavy trading volume. Source: II.studio
Intel (NASDAQ: INTC) is a more than $230 billion technology company that has suffered since the start of the pandemic. As the company’s peers have recovered significantly, the company itself hasn’t performed nearly as well. Almost two months ago, we discussed how Intel should spin off Mobileye. While we maintain the thesis, Intel has chosen
Back when the novel coronavirus pandemic was at its ugliest in terms of societal and economic impact, most industries looked bleak. With American households hunkering down against an unknown microbiological threat, doom-and-gloom prognostications took on much greater credibility. However, streaming company Netflix (NASDAQ:NFLX) was one of the few obvious winners. After all, when sitting at
Clearwater Seafoods (OTC:CSEAF, TSX:CLR) is a publicly traded harvester and processor of shellfish. The company is based in Atlantic Canada, and the majority of its operations are in the ocean surrounding that area. It also has an 85%-owned joint venture that harvests scallops off Argentina, and acquired a shellfish company operating from the UK in
Luckin Coffee (OTCMKTS:LKNCY) has had quite the year so far. Once touted as China’s answer to Starbucks (NASDAQ:SBUX), Luckin has been at the center of perhaps the largest Chinese fraud. The $300 million accounting fraud led to Luckin stock losing 74% of its value this year and its listing on the Nasdaq. However, with a
The resiliency of Bank of New York Mellon (BK) in a low interest rate environment leaves the business looking like a great value investment sitting at an 8.2x trailing-twelve month P/E ratio and 0.85x book value. The majority of BNY Mellon’s revenue (81%) is earned from fee income with net interest income making up a
Lockheed Martin (NYSE:LMT) reports its third-quarter earnings for fiscal year 2020 on Tuesday, and a few key aspects stick out ahead of the event. That said, let’s take a bit of a closer look at LMT stock. Source: Ken Wolter / Shutterstock.com LMT stock is a cheap, worthwhile stock for investment that also happens to
The futures market looked like Monday would have some solid gains, but the market couldn’t hold it together throughout the session. That said, let’s look at a few top stock trades as earnings season gets into full swing. Top Stock Trades for Tomorrow No. 1: Procter & Gamble (PG) Procter & Gamble (NYSE:PG) quietly remains
It’s been a couple of months since DiamondPeak Holdings (NASDAQ:DPHC) announced its combination with Ohio-based Lordstown Motors. The deal closes Oct. 22. When it does, DiamondPeak stock will change to the symbol RIDE. Source: Shutterstock It’s great news for the people of Lordstown, who saw the General Motors (NYSE:GM) plant close in March 2019 after
Here’s a pop investing quiz for you: Source: Shutterstock What do these four stocks have in common? Nikola (NASDAQ:NKLA) Axsome Therapeutics (NASDAQ:AXSM) Tilray (NASDAQ:TLRY) Madrigal Pharmaceuticals (NASDAQ:MDGL) It’s a very important answer. Why? Because these stocks all belong to a select group — a group that has been the leader in every bull market for
Introduction Anyone want to read another doom and gloom article on Occidental Petroleum (OXY)? I didn’t think so. I’ve got good news, you’re not going to read one here. This article will have a very specific focus, so I am going to link another very positive article on OXY, as it covers all the oil