Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped
Many investors undertake tax-loss harvesting at the end of every tax year. The strategy involves selling stocks, mutual funds, exchange-traded funds (ETFs), and other investments carrying a loss to offset realized gains from other investments. It can have a big tax benefit. But tax-loss harvesting may or may not be the best strategy for all
Shares of electric vehicle maker Canoo (NASDAQ:GOEV) are on fire this morning after the Verge reported that it held talks with Apple (NASDAQ:AAPL) about a possible investment or a takeover. GOEV stock jumped as high as 30% in pre-market trading Wednesday. Source: Shutterstock An Apple EV has garnered quite the buzz in recent weeks, as Barron’s noted
We’re living at a time when special purpose acquisition company (SPAC) stocks are red-hot. One example is Pershing Square Tontine Holdings (NYSE:PSTH). We’re starting to see traders talk more and more about PSTH stock, and they’re also bidding its price up quickly. Source: Shutterstock.com When there’s a lot of hype surrounding a stock, investors can look
It really wasn’t very long ago that things were looking pretty good for Texas-based SolarWinds (NYSE:SWI) and its stakeholders. The company’s information technology management and security software, known as the Orion IT management system, was quite popular and SWI stock holders seemingly had nothing to worry about. Source: Shutterstock In a cruel and ironic twist
The market’s bull moves since March have been amazing, if not historic. Yet the high-performers have been mostly in the tech sector. Value and dividend stocks have mostly lagged. But I think this presents an opportunity. The fact is that there are many interesting high-yielding companies that have good long-term prospects. Besides, as the markets
Despite what appeared to be a catastrophic harbinger in the form of the novel coronavirus, certain market segments performed outstandingly in 2020. One of the biggest of course was electric vehicles. With their mechanically less-convoluted design, EVs represented an ideal platform for many people during the Covid-19 lockdowns. And while the sector is off to
Kevin Matras goes over the Filtered Zacks Rank 5 strategy. Learn how it can help you pick the best of the Zacks #1 Rank stocks. Highlighted stocks include AFAM, DKL and DTSI.
Check out the companies making headlines in after hours trading. Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at the end of the month.
America’s increasing reliance on the 401(k) plan and other defined-contribution retirement accounts is a double-edged sword. On the one hand, because investors (and not pension managers) decide how the funds are invested, they have more control over the funds they’ll need during their later years. But gone are the days when most investors could count
It’s amazing how many people who rail at the Chinese Communist Party still want to buy the country’s electric vehicle stocks, such as Xpeng (NASDAQ:XPEV) stock. Source: Andy Feng / Shutterstock.com Like other electric vehicle specialists, from Tesla (NASDAQ:TSLA) on down, Xpeng carries a valuation that’s divorced from reality. The best estimate for 2021 revenue
When the special purpose acquisition company (SPAC) deal to merge with electric-vehicle (EV) infrastructure company ChargePoint was announced back in September, Switchback Energy’s (NYSE:SBE) profile was raised among investors. And as a result, the SBE stock price started to perk up. Source: Michael Vi / Shutterstock.com For prospective investors in the EV charging niche, this $2.4
Investors looking for the best dividend stocks for 2021 and beyond should take a closer look at the stocks with the longest histories of annual dividend increases. One group of attractive dividend growth stocks is known as the Dividend Champions, which have each raised their dividends for at least 25 consecutive years. Through their long
It’s official. There will be a Blue Wave in Washington, D.C. for the next two years. Source: Shutterstock I know about half the country is happy while the other is disgusted. Me … I try to stay out of politics as much as possible in my research. However, it is important to take into consideration
With the sharp move higher in interest rates, markets have been on the lookout for inflation creeping up. So Wednesday’s December CPI will be important even if it still shows a muted rise in the consumer price index. According to Dow Jones, economists expect an increase of 0.4% month over month, and 1.3% year- over-
Crypto trading exchange Bakkt, which counts NYSE-owner Intercontinental Exchange, Inc. (ICE) among its investors, is going public at the New York Stock Exchange (NYSE) via a merger with VPC Impact Acquisition Holdings Inc., a special purpose acquisition company (SPAC). SPAC companies raise money from public markets specially for the purpose of merging with startups in
As the novel coronavirus attached its soul-sucking, lamprey eel tentacles to America and the world in 2020, it took down 1.9 million lives and the livelihoods of good people in a slew of slain industries. Among those scorched, perhaps none suffered so much as travel and hospitality — which brings up a baffler. If Airbnb
A new way to invest in the online payments business is emerging with Foley Trasimene Acquisition II (NYSE:BFT) and shares of BFT stock. Source: Shutterstock The focus, for now, is on Foley Trasimene Acquisition’s latest chapter. But the excitement is coming from the company’s soon-to-be-partner, Paysafe, and its major role in digital financial transactions from
Finding new growth stocks can be a risky endeavor. This is the case with Luminar Technologies (NASDAQ:LAZR) and with LAZR stock. Source: Oskari Porkka/ShutterStock.com At first glance, LAZR stock appears to be attractive – a slam dunk, even. But first impressions can turn out to be wrong in many circumstances. And an investor’s relationship with
A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images Check out the companies making headlines midday on Monday: Nio — U.S.-listed shares of the Shanghai-based electric vehicle company advanced more than 8% after