What would happen if a company developed a massive new product and no one cared? For Pfizer’s (NYSE:PFE) investors, that has been the question for the past year. Despite coming up with a blockbuster vaccine for the novel coronavirus, PFE stock did basically nothing for an extended period. Source: Manuel Esteban / Shutterstock.com That finally changed
SoFi Technologies Inc.’s strong product portfolio could help lift its shares roughly 50% higher, according to one analyst’s model—and that’s on top of a 10% rally Wednesday. Shares of SoFi SOFI, +11.40% surged Wednesday after Jefferies analyst John Hecht chimed in with an upbeat view of the digital-finance stock, setting a buy rating and $25
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
On today’s show, Preston and Stig talk to X-Prize Founder and Chairman, Peter Diamandis. He is accompanied by Best Selling author, Steven Kotler, and they talk about the technology boom that’s going to happen in the next ten years. IN THIS EPISODE, YOU’LL LEARN: – Which major industries will be disrupted most over the next
In this article H ADBE SFIX FDX People walk around the International Hotel Grand Hyatt during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City. VIEW press | Corbis News | Getty Images Check out the companies making headlines after the bell Tuesday: FedEx – Shares of the shipping company
Cybersecurity technology company CrowdStrike (NASDAQ:CRWD) has given investors plenty to cheer about lately. CRWD stock has risen nearly 30% so far in 2021 and 78% over the past year. Source: Shutterstock That kind of growth has led many investors to question whether a slowdown is imminent. The good news is that it doesn’t appear to
Vinco Ventures (NASDAQ:BBIG) stock is the latest meme play. But if you blink, you might miss it. Source: Michael Vi via Shutterstock Vinco is an investment company that has gotten into non fungible tokens (NFTs), launching an E-NFT platform for trading them. It also owns 80% of a short video content platform (think TikTok) called
Beginning with the race to zero commissions in the fall of 2019, the financial services industry has seen an uptick in mergers and the increased consolidation of custodians. Combined with the financial impact of the 2020 COVID-19 pandemic, these changes have left many registered investment advisors (RIAs) and other financial professionals uncertain about the future
The September slump on Wall Street took a turn for the worse yesterday, as stocks plunged on Monday in their worst sell-off since July. Even with a huge end-of-day bounce, the Dow Jones still closed down 1.7%, while the S&P 500 shed 1.6% and the Nasdaq tumbled 2.2%. Source: Shutterstock The catalyst? It wasn’t obvious.
Dear Quentin, My 42-year-old only child married a woman 12 years ago. She is selfish, a hermit, and extremely passive-aggressive. I don’t know why my intelligent son remains married. She has alienated ALL his friends and family. My daughter-in-law never attends family events. She has an 18-year-old disabled daughter who is very friendly. I’ve treated
Omar Marques | LightRocket | Getty Images DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the sources. Entain shares jumped more than 15% in London
In this article ATVI JNJ COP DKNG Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Check out the companies making headlines in midday trading. Uber — The ride-hailing giant saw its stock surging 11% after the company boosted
The markets are far from efficient right now, with several undervalued stocks that boast historically-stable cash flows, scandal-free operations, and a robust profitability profile, relegated to the background. Most of the column inches and headlines are reserved for hyper-growth stocks and exciting recovery plays. Post-pandemic, the outlook for several exceptional stocks remains pessimistic because of
Driven by a few factors, the outlook of DraftKings (NASDAQ:DKNG) stock has definitely improved. Source: Tada Images / Shutterstock.com Nonetheless, I’m still worried about the company’s bottom line, and I think that the stock’s current valuation likely reflects the company’s long-term potential. One factor that has made DKNG stock a better bet is the declining
Asset management companies have been grappling with investors’ increasing preference for passive funds, which are less costly. On March 6, 2017, in a move shaking up Scotland’s financial services sector, Standard Life Plc. and Aberdeen Asset Management Plc. created the second-largest fund manager in Europe with an 11 billion pound ($14.7 billion) merger. The companies
Ready for your regular checkup? I’m no dentist, but I’m seeing something unhealthy going on with SmileDirectClub (NASDAQ:SDC). There may be signs of decay forming in SDC stock right now. Source: Helen89 / Shutterstock.com For one, the share price has declined quite sharply year-to-date (YTD) — the stock is down 46%. Sure, you won’t have trouble
The U.S. Space Force unveiled new prototype uniforms for its service members Tuesday, and drew a plethora of reactions on social media. Some compared the uniforms to those worn on sci-fi shows and others were stunned to learn Space Force still exists. The reaction to the uniforms caused “Space Force” to trend on Twitter TWTR,
Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll in online courses
A liquidity crisis at a large Chinese property developer has shaken global markets, and strategists say it could send ripples across the global economy. But they also say the issue will likely be contained by the Chinese government before it wreaks damage in the banking system and it is not expected to lead to a
At the end of last year, I wrote that analysts’ earnings projections for Moderna (NASDAQ:MRNA) were $9.46 per share for 2021. Now those same analysts have average earnings per share (EPS) forecasts of $30.12 for 2021, or over 3 times the prior numbers. I wrote that MRNA stock was worth $180. But as of Friday,