Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stocks are hitting new highs on the back of a magical phrase being sprinkled like pixie dust among the conference calls this earnings season: “operating leverage.” “The market is set to see a substantial acceleration in earnings growth on
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts. The company saw a year-over-year decline in revenue, income and case volume, but
Kevin Matras looks at how to maximize your returns with high beta stocks. Read about EXPE, MAS, NP, NTY and WHR
Many people struggle to carve out the funds they need to build up their retirement nest eggs. Fortunately, a non-refundable tax credit, known as the retirement savings contribution credit, can make it substantially easier to save. Often referred to as the saver’s credit, it lets qualified individuals enjoy tax breaks above and beyond any tax
Boeing (NYSE:BA) is a company that some may consider too big to fail — too important to the U.S. economy and global aviation. Even former President Donald Trump said “We can’t let anything happen to Boeing,” back in 2020. Boeing stock would always be around, even when it was hurting. Source: Marco Menezes / Shutterstock.com
Last week, social media company Snap (NYSE:SNAP) reported strong fourth-quarter numbers which beat the Street’s expectations on all fronts. Users, revenues and profits all topped the analysts’ consensus estimates. In response, SNAP stock popped to fresh all-time highs. Source: dennizn / Shutterstock.com Since then, SNAP stock has retreated on news that the company is filing
From time to time, it’s nice to have an uneventful day in the market when volatility is low and stocks don’t make any big moves. Today was one of those days — and I’m more thankful than usual. Source: Shutterstock I spent the holidays in Nicaragua … and then I extended my trip … and
Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy,
If your employer offers life insurance as part of your employee benefits package, you may think you’re covered. But the amount of life insurance your employer provides could be insufficient to cover your family’s needs if something were to happen to you. In that case, you may want to consider supplemental life insurance, either through
IZEA Worldwide (NASDAQ:IZEA) is likely to take a hit now that a major brokerage firm has downgraded IZEA stock to “sell.” This is despite record January 2021 growth at this advertising company. Source: Shutterstock IZEA connects influencers and bloggers with brand name companies and makes money based on the total campaign dollars that the advertiser
On Monday evening, Chegg (NASDAQ:CHGG) reported blockbuster fourth-quarter numbers (PDF) to wrap up a record 2020 for the digital education company. In response to Chegg’s stellar finish to a breakout year, investors pushed CHGG stock up to fresh all-time highs. Source: Shutterstock That response makes complete sense. Chegg’s strong earnings report provides further evidence that
Oil stocks have been among the market’s worst stocks to own over the past few years. The global supply glut has caused oil prices to fall significantly as many of the world’s largest producers have ramped up production. At the same time, the coronavirus pandemic caused demand for refined products to plunge. This has served
One look at ContextLogic (NASDAQ:WISH) and I get the distinct impression that it’s anything but a retail e-commerce site. Its business is so hard to define; I have a tough time understanding why anyone would invest in WISH stock. Source: Shutterstock If there’s one business that I can understand quickly, it’s retail. My dad spent
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But
Take a look at some of the biggest movers in the premarket: Coty (COTY) – The cosmetics company reported quarterly profit of 17 cents per share, 10 cents a share above estimates. Revenue essentially was in line with forecasts. Coty said its profit got a boost from increased cost savings even as demand was dented
Suicide is the 10th leading cause of death in the United States. While life insurance can provide coverage in the case of suicide, many policies have special provisions that limit the payment of benefits. Key Takeaways Many life insurance policies contain a suicide clause or provision. Companies will typically not pay a death benefit
Macy’s (NYSE:M) is trying to reinvent itself. It’s an exciting project but one that isn’t likely to make a huge difference for M stock. Source: digitalreflections / Shutterstock.com Market by Macy’s, a stripped-down version of the Macy’s shopping experience, aims to bring the troubled department store back to where the shoppers are, suburban strip malls.
The key to scoring huge gains in the stock market rests in identifying innovative hypergrowth companies in the top of the first inning of their growth narratives. And, with that in mind, I’d like to introduce readers to space technology pioneer Momentus — who, through a merger with blank-check company Stable Road Acquisition Corp (NASDAQ:SRAC),
Along with the pandemic, 2020 will be remembered on Wall Street as the year of electric vehicle (EV) and alternative energy stocks. For instance, the International Energy Agency is planning soon to reveal the world’s first global roadmap to net-zero emissions by 2050. And EVs are poised to play a central role in this global