At the beginning of the week, DocuSign (NASDAQ:DOCU) stock saw its share price decline. Investors looked at economic reopening across the U.S. as a negative for the firm’s future performance. DocuSign specializes in orchestrating contracts online and is best-known for its eSignature service, which allows people to sign contracts electronically. Source: Sundry Photography / Shutterstock.com When
Stocks to buy
Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2020 contest. Eric Fry’s pick for the contest is Freeport-McMoRan (NYSE:FCX). When we last discussed Freeport-McMoRan (NYSE:FCX), the novel coronavirus pandemic was in full force, the U.S. stock market was struggling to recover from a wicked 34% drop and copper prices had tumbled to a three-year low. This
If you can ignore the humidity and 90-degree temperatures, you can almost convince yourself it’s March and not July. Spring training baseball is restarting and professional basketball and hockey playoffs are around the corner. If you hold Penn National Gaming (NASDAQ:PENN) stock, these are all good signs. Source: Casimiro PT / Shutterstock.com The novel coronavirus
The Institute for Supply Management supplies a monthly look at the U.S. manufacturing market. In April, that index hit an 11-year low. But since then, the numbers have been rising. They’re not going wild, but they’re rising. You have seen this in the housing market where new home purchases are growing — mortgage demand is
I’ve been recommending Square (NYSE:SQ) for this entire year. Admittedly, at first that call looked a bit shaky. The novel coronavirus pandemic sent stocks plunging — and Square stock wasn’t immune. Source: IgorGolovniov / Shutterstock.com The company’s exposure to small businesses suggested significant risk if the broader economy went into a tailspin. At the lows,
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2020 contest. Jason Moser’s pick for the contest is Wayfair (NYSE:W). To say that 2020 has been a crazy year for the stock market would be putting it mildly. And what about for my InvestorPlace.com Best Stocks pick? To say that 2020 has been a crazy year for shareholders
Editor’s note: This article is a part of InvestorPlace.com’s Best Stocks for 2020 contest. The Readers’ Choice pick for the contest is Apple (NASDAQ:AAPL). Despite all the chaos in the stock market this quarter, investors have been able to count on a few certainties. You’re likely reading this on an iPhone or a Mac, perhaps an iPad. And if
The novel coronavirus has accelerated a digital shift in just about every industry. Working from home, homeschooling, e-commerce, and telemedicine are just a few ways coronavirus has upended the way people interact. But with all of that online exposure comes a greater risk of data breaches, which is why many investors have started to look
The coronavirus outbreak has caused a lot of negative impact on consumer demand, unemployment and stocks in industries like travel and leisure took a big hit. During this pandemic, consumers changed their preferences and way of living in a way nobody would have imagined before. Shares of Zoom (NASDAQ:ZM) performed very well during this pandemic.
Medical device maker Hologic (NASDAQ:HOLX) has carved out a meaningful place in the field of women’s health. But it’s the company’s tests for the novel coronavirus that are fueling the present upward trend, making Hologic stock an appealing growth stock as we head into the second half of the year. Source: Cryptographer / Shutterstock.com Since
With a coronavirus vaccine looking more likely and the sales of electric cars poised to accelerate, General Electric (NYSE:GE) shares seem very attractive. Moreover, the company’s new offshore wind turbine should generate tremendous value for long-term investors in GE stock. Source: JPstock / Shutterstock.com The chances of a viable coronavirus vaccine emerging within the next
It’s expected that between 2019 and 2027, the global marijuana industry will grow at a compound annual growth rate of 18.1%. By 2027, the market is expected to be worth $73.6 billion. Given the big potential for growth, marijuana stocks have been in focus. However, marijuana stocks have been on a decline since March 2019,
Investing in marijuana stocks has been anything but smooth lately. The cannabis industry was no more immune to the novel coronavirus than the rest of the wider markets. However, that doesn’t mean it’s time to abandon pot stocks altogether. The story of 2020 is still unfinished, and there’s comeback potential for a number of stocks
The novel coronavirus pandemic has swept away several industries but has been a bit of a blessing for the biotech sector. iBio (NYSEMKT:IBIO) is one company that is benefiting from the hype surrounding the push for a vaccine, as iBio stock gained 490% this year. Source: Shutterstock As I discussed in my previous article, iBio’s
Canopy Growth (NYSE:CGC) and some of its marijuana equity peers are in the midst of a mini-resurgence. CGC stock is higher by almost 33% in the current quarter. As impressive as that move is, Canopy would need to roughly quadruple to get back to its 2018 high. Source: Shutterstock Over the near-term, asking Canopy or
The stock market rally after the novel coronavirus selloff has been stellar. Besides expansionary monetary policies, strong fundamentals have triggered the rally for several stocks and industries. And in particular, tech stocks have been on fire. In fact, it’s the big names in the technology sector that have continued to deliver strong numbers. Innovation-driven business
2020 has been a difficulty year so far for most travel and leisure-related companies. And in the first half, among the biggest casualties of the coronavirus pandemic have been hotel stocks. By the end of March, shares in a wide range of hotels hit multi-year lows. Since then, to the delight of market participants, many
Cruise stocks were on fire from mid-March to mid-June, on optimism that the novel coronavirus panic will prove to be fleeting and that the cruise industry will get back to business as usual in 2021 and 2022. The world’s largest cruise line operator, Carnival (NYSE:CCL), was no exception to the trend. CCL stock rose more
The stock markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. Until recently, the NASDAQ had been setting records for weeks. That ended when the indices fell 2% on June 24, and the so-called “fear index” VIX spiked 10%. The media is blaming that decline on the
The global casino industry was amongst the hardest hit businesses by the novel coronavirus pandemic. Gaming stocks have taken a pounding in the past few months, along with the consumer discretionary sector. MGM Resorts International (NYSE:MGM) shed 80% of its value between mid-February and mid-March despite having the least exposure to the “Gambling capital of