This has been a wild year for the stock market. If you’d polled folks in March, virtually nobody would have said that stocks could recover their losses by the end of the year. Not only have the indexes clawed back all of the crash, but they’ve in fact gone on to strong overall gains. As
Two days before Christmas 2020 — when many investors and traders were looking to just relax and prep for the holidays — fleet electrification company XL Fleet (NYSE:XL) took Wall Street by storm, with XL stock soaring as much as 80% in a single day on the back of a confluence of good news. Source:
Too often, the burgeoning technology sector gets a bad rap for its disruptive tendencies. Most commonly, we hear tales of e-commerce firms displacing brick-and-mortar businesses. Typically, we don’t hear the other side of the coin, where companies like PayPal (NASDAQ:PYPL) leverage their innovative platforms for the greater good. This is one of the key, underappreciated
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images As the year comes to a close, Wall Street is watching for a possible Santa Claus Rally. Historically, stocks tend to rise during
CEO and founder of U.S. Nikola Trevor Milton Massimo Pinca | Reuters Check out the companies making headlines in midday trading. Carnival, Norwegian Cruise Line, Royal Caribbean — Travel stocks rebounded from steep losses earlier this week on fears about the new Covid strain in the U.K. Carnival and Norwegian Cruise Line popped more than
Have you ever wondered what happened to your socks when you put them into the dryer and then never saw them again? It’s an unexplained mystery that may never have an answer. Many people feel the same way when they suddenly find that their brokerage account balance has taken a nosedive. Where did that money
I previously wrote about the confusing situation that Kaixin Auto Holdings (NASDAQ:KXIN) has gotten into with its recent announcements. Now there is another doozey of a press release which clouds KXIN stock even further. Source: lumen-digital / Shutterstock.com The Chinese company’s board just appointed an auditor that is likely banned from auditing Chinese companies by
Shares of electric delivery van maker Workhorse (NASDAQ:WKHS) have sprinted higher in 2020 on hopes that the company will win a big contract from the U.S. Postal Service, thereby laying the groundwork for the company to become the de facto leader in electric delivery vans throughout the 2020s. Workhorse stock is up almost 670% year-to-date.
Cybersecurity used to mean just running McAfee antivirus software on your desktop computer. Source: Shutterstock That’s not true anymore. Cyberattacks are no longer the result of clicking on a rogue link in a suspicious email. Now they occur on a global scale, and they are the subject of coverage from all major news outlets. In
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters Goldman Sachs has, for decades, set its sights on the global elite when it comes to wealth management. Now, it’s opening up to everyone else. The bank has begun
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton is acquiring rival fitness equipment maker Precor for $420 million, in a deal that will give it more market share as well as increased manufacturing capacity. The acquisition prompted KeyBanc Capital Markets to raise its price target on Peloton
Bitcoin whales are making a comeback. One River Asset Management, a hedge fund specializing in volatility bets, has amassed substantial holdings and commitments, worth about $1 billion by 2021, in Bitcoin (BTCUSD) and Ether (ETHUSD), according to a report by Bloomberg. Eric Peters, the firm’s founder, told the publication that he intends to set up
On the surface Alphabet (NASGAQ:GOOG,NASDAQ:GOOGL) looks like a rock-solid investment. Google stock is up 29% in 2020. The market cap is now $1.16 trillion. That’s not out of line for a company with revenue of $161 billion last year, growing 17% a year at scale. The most recent quarter even saw sales growth of 21%. Source:
I never thought I would be writing a “best stocks for 2021” article regarding Bed Bath & Beyond (NASDAQ:BBBY). But the turnaround work that management is undertaking could make BBBY stock a massive winner over the next 12 months. Source: Shutterstock In the first quarter of 2020, BBBY stock wasn’t even on my mind. No
CIIG Merger Corp (NASDAQ:CIIC) will close its SPAC (special purpose acquisition company) merger with Arrival Group, a UK electric vehicle (EV) company, sometime in Q1 2021. CIIC stock has slowly been rising in anticipation of this event. I suspect it will continue to rise, like so many other EV stocks recently, especially those involved in
The Fearless Girl sculpture wearing a mask stands next to a large Christmas Tree lit up displayed in front of the New York Stock Exchange on December 06, 2020 in New York City. Alexi Rosenfeld | Getty Images It’s not often that celebrity home-buying sprees give me insights into the stock market. However, when I
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — The exercise equipment stock jumped more than 12% and
AMD’s (AMD) shares are hovering close to their all-time highs but the rally could still continue. Latest data reveals that the chipmaker’s supply chain partners registered strong sales growth in October and November. This suggests that AMD is en route to posting a strong set of Q4 results which, consequently, can catapult its shares to
Congress Approved, late Monday, December 21, a 5,593 page $2.3 trillion funding package consisting of a $900 billion end-of-the-year coronavirus stimulus bill attached to a $1.4 trillion omnibus spending bill to fund the government through Sep. 30, 2021. It now heads to the desk of President Trump for his signature. The stimulus legislation includes $300
It’s looking more and more like Zoom Video Communications (NASDAQ:ZM) has peaked out. I’m pegging the days following the end of the third quarter for reaching the zenith, as Zoom stock rose from $470.11 on Sept. 30 to a high of $568.34 on Oct. 19. Source: Michael Vi / Shutterstock.com The problem is the stock