A month ago I wrote that Uber (NYSE:UBER) was likely to fall 20% from $49.07 on July 9, and not rise over 42% like other analysts were saying. Since then, UBER stock has dropped over 17% to below $40 and is still falling. Source: NYCStock / Shutterstock.com I suspect that, given another lousy loss-making quarter by
Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers gather in Jackson Hole, Wyo. The central bankers may even look relaxed against
AT&T (NYSE:T) made a deal that will sharply cut both its debt and risk. While T stock declined sharply afterward, the shares are worth buying for certain investors. Source: Jonathan Weiss / Shutterstock.com Making T stock even more appealing, AT&T is poised to benefit meaningfully from the bipartisan infrastructure bill that was recently passed by
If you’ve received a windfall of cash or saved a sizable sum of money over the years, it may be tempting to pay off the mortgage loan early. Whether or not paying off the mortgage early is a good decision or not can depend on a borrower’s financial circumstances, the loan’s interest rate, and how
Sofi Technologies (NASDAQ:SOFI) posted excellent second-quarter revenue and earnings on Aug. 12. This was its first quarterly report since SOFI stock went public via a special purpose acquisition company (SPAC) reverse merger. Source: rafapress / Shutterstock.com Sofi now has an $11 billion market valuation but has yet to make a profit for its shareholders. As
The Food and Drug Administration is expected next week to grant full approval of the COVID-19 vaccine from Pfizer Inc. PFE, -0.16% and partner BioNTech SE BNTX, +5.08%, according to people familiar with the planning, an action that could spur more vaccination requirements by employers and encourage more people who are hesitant to get vaccinated.
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came
A week after a disappointing earnings report sent shares of ContextLogic (NASDAQ:WISH) plunging almost 21%, WISH stock hovers just above its 12-month low of $6.14 a share. Source: sdx15 / Shutterstock.com At one point on Aug. 13, shares were down 28.9% from the previous day’s close. The hits kept coming, as one influential analyst said
In this article ROST AMAT SPOT BKE FL DE Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $5.32 per share, compared with a consensus estimate of $4.58, and its revenue beat forecasts as well. Deere was up 1.1% in premarket trading as it
Xpeng (NYSE:XPEV) stock has seen renewed investor enthusiasm as it gears up for further expansion, and the company is not alone. Source: Andy Feng / Shutterstock.com There is a lot of action going around the electric vehicle industry, and the industry is set to boom as different countries take leaps towards a better tomorrow. Despite the
Founded in 1947, Swedish clothing retailer Hennes & Mauritz AB (STO: HM-B), commonly known as H&M, has grown into one of the most recognizable brands in the fashion industry. H&M has more than 5,000 stores worldwide and employs 120,000 people. Not surprisingly, the COVID-19 shutdown had an impact in 2020. The company reported strong growth
The world today is a lot different than it was 20 years ago. Laws have changed. Presidents have changed. Sports teams have changed. Lots has changed. But the most important of these changes has been the global takeover of technology. Twenty years ago, you worked by going to the office and writing things down on
As the 2020 coronavirus lockdowns ground America to a halt, a few early prognostications rang out. “New York is dead,” one pundit declared. “Are we going to work from home forever?” asked the New York Times. And plenty of publications, this one included, predicted that business travel would never go back to what it once
Elon Musk’s SpaceX revealed new details about plans for the next-generation of satellites in its Starlink internet system in federal filings on Wednesday, including that the company intends to use its massive Starship rocket as the primary vehicle to deliver the spacecraft to orbit. SpaceX filed an amendment with the Federal Communications Commission that included
A trader works at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. Andrew Kelly | Reuters The markets: it’s August, but it’s also covid. Normal August trading flows are being greatly complicated by the delta variant. A third but still important complication: increasingly authoritarian action in China is
Today we’re going to talk about vertical spreads vs iron condors. Are spreads better than iron condors, in terms of risk? Considering that an iron condor could lose money in both directions, whereas a spread can only lose money in one direction, so what is the better strategy? In this video I’ll give you my
Gold mining ETFs are leveraged plays on the price of gold. Here is what investors need to know. VanEck Vectors Gold Miners ETF: https://www.zacks.com/funds/etf/GDX/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI Global Gold Miners ETF: https://www.zacks.com/funds/etf/RING/profile?cid=CS-YOUTUBE-FT-VID Sprott Gold Miners ETF: https://www.zacks.com/funds/etf/SGDM/profile?cid=CS-YOUTUBE-FT-VID Van Eck Funds International Investments Fund: https://www.zacks.com/funds/mutual-fund/quote/INIVX?cid=CS-YOUTUBE-FT-VID Newport Mining: https://www.zacks.com/stock/quote/NEM?cid=CS-YOUTUBE-FT-VID Barrick Gold: https://www.zacks.com/stock/quote/GOLD?cid=CS-YOUTUBE-FT-VID Agnico Eagle Mines: https://www.zacks.com/stock/quote/AEM?cid=CS-YOUTUBE-FT-VID Kirkland Lake:
For the quarter ending May 1, 2021, GameStop (NYSE:GME) was able to reduce its total store count by 12% year-over-year (YoY), according to its first-quarter earnings release. As a result, the company’s losses fell from $165.1 million or $2.65 per share last year to just $66.8 million or $1.01 per share this quarter. This is
In this article NVDA BJ KSS VSCO BBWI The Macy’s Inc. logo is displayed on a monitor at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Feb. 22, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Macy’s — The retail giant saw
While the pandemic meant a setback for a number of sectors, digitalization grew apace — increasing the need for software and cloud services. In turn, the demand for cloud computing industry should grow further as more businesses adapt to work-from-home. And thus, software and cloud stocks should be hot options for investors. Overall, shares of