Still a few days shy of its one-month anniversary as a public company, DraftKings (NASDAQ:DKNG) stock is rapidly becoming the toast of Wall Street. Source: Lori Butcher/Shutterstock.com Shares of the daily fantasy sports (DFS) company and sportsbook operator are up 45% since the April 24 initial public offering. Under any circumstances, that’s an impressive performance,
Stocks to buy
You probably wouldn’t pick Anheuser Busch (NYSE:BUD) as a play on the novel coronavirus. Source: legacy1995 / Shutterstock.com Unlike other publicly traded companies that have found positive momentum as states ease social restrictions, Anheuser Busch stock remains deeply embattled on a year-to-date basis. Nevertheless, I believe the markets are acting irrationally. When you break down
After last month’s collapse, oil prices have bounced back. Will BP (NYSE:BP) stock see an additional boost? The oil giant’s shares have moved higher from their March sell-off lows. Rising from $15.51 per share to $23.62 per share, BP stock got a more than 50% gain in two months. Source: TK Kurikawa / Shutterstock.com Yet,
Now the experts are brave talking Boeing (NYSE:BA) stock up. Yesterday RBC rated it with an “outperform” rating and a $164 price target. Meanwhile, when the true opportunity presented itself during the novel coronavirus crash they were all silent about it. Below $90, BA stock was a blind and emphatic buy. Most of Wall Street
Salesforce (NYSE:CRM) stock has enjoyed a strong recovery in recent weeks. The Software-as-a-Service giant saw its shares tumble from $195 to $115 during the March crash, but has rallied back above $170 now. Investors have shrugged off a slowdown in revenues at many internet companies — in particular ones exposed to advertising — by instead
[Editor’s note: “7 U.S. Stocks to Buy on Coronavirus Weakness” is regularly updated to included the latest analysis of the rapidly evolving coronavirus situation and which stocks to buy.] The novel coronavirus pandemic — formally dubbed Covid-19 — is a big deal. To date, it has infected over 5 million people across the globe. It
[Editor’s Note: “9 Stocks to Buy to Weather the Recession” was originally published on April 1, 2020. It is regularly updated to include the most relevant information.] Although the novel coronavirus devastated virtually every segment of the economy, many analysts debated whether we would enjoy a quick V-shaped recovery or slog it out through treacherous
On May 18, President Trump met with several leaders and executives from the restaurant industry. By now, we’re all familiar with how a wide range of businesses have suffered as a result of the Covid-19 outbreak and ensuing lockdown. And so, in the recent meeting with President Trump, restaurant executives have asked for more federal
[Editor’s note: “The 8 Best Cash Cow Stocks to Buy for Stable Returns” was previously published in November 2019. It has since been updated to include the most relevant information available.] One of the most popular investment strategies is to focus on fast-charging growth companies. The appeal, of course, is that you can get in on
JetBlue Airways (NASDAQ:JBLU) is likely to be a survivor. And I think JBLU stock is going to be a winner over the long run. Source: Roman Tiraspolsky / Shutterstock.com I am impressed with the company’s liquidity and its ability to survive. On May 7, JetBlue reported that it had up to $3.1 billion in total
[Editor’s note: “9 Gold Stocks to Stave Off Coronavirus-Induced Volatility” is regularly updated to include the most relevant information available.] With a shocking number of Americans unemployed due to the devastating economic impact of the novel coronavirus, the future appears a very dark one. At this time, the idea of a quick, V-shaped recovery seems
Alibaba (NYSE:BABA) has found some mojo over the past several trading sessions. Shares have jumped 11% over the past three days, as investors are gobbling up Alibaba stock ahead of earnings. Source: Kevin Chen Photography / Shutterstock.com The company is scheduled to report its quarterly results on May 22 before the market open. Will Alibaba
[Editor’s note: “9 of the Best Food Stocks to Buy Right Now” was originally published in March 2020. It is regularly updated to reflect the most relevant information.] With so much chaos in the financial markets – something that the novel coronavirus and Washington gridlock hasn’t helped – it has been difficult to find individual
Cloud giant ServiceNow (NYSE:NOW) has been a winner on Wall Street for a long time. Over the past five years, NOW stock is up 400%. Source: Sundry Photography / Shutterstock.com Thanks in part to the novel coronavirus, ServiceNow’s winning streak won’t end anytime soon. ServiceNow provides digital workflow solutions. It is the best in the
The Trade Desk (NASDAQ:TTD) is one of the best growth stocks out there — and I’m not trying to be hyperbolic. Yet TTD stock plunged from $320 in February to sub-$150 in March, down 58%. Source: BrightSpace / Shutterstock.com I don’t think that The Trade Desk deserved such a plunge and I’ll highlight why in
One of the biggest threats facing Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) as the novel coronavirus shuts down the global economy is how it would affect ad sales. As the U.S. spirals into a likely depression, GOOG stock would surely suffer. Source: rvlsoft / Shutterstock.com Right? So, it was a pleasant surprise for investors that Alphabet disclosed in
Covid-19 caused tremendous human tragedy and it also decimated millions of businesses worldwide. The quarantine was especially harsh on the hospitality and entertainment industries. Many gaming stocks like Penn National Gaming (NASDAQ:PENN) lost 75% or more of their value. But this not their first time facing difficulties, so management teams are smart enough to handle
[Editor’s note: “9 Boring Stocks to Buy You Should Never Let Go Of” is regularly updated to include the most relevant information available.] Change involves risk, and as we watch the markets swerve, for many it’s time to switch from loading up our portfolios with exciting names, and taking a good long look at boring
[Editor’s Note: “9 Stocks to Buy as People Are Still Stuck at Home” was originally published in March 2020. It is regularly updated to include the most relevant information.] Very few events in American history have disrupted our society quite like the novel coronavirus. What seemed like a far off foreign epidemic early in the
We’re in unprecedented times thanks to the novel coronavirus. That goes double for investors, as they try to figure out what stocks and assets are worth owning at this stage of the game. With gold always a fixture, are gold stocks worth owning at this point? Source: Shutterstock That answer really depends on the situation.