Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. Best Buy — Shares of the retailer slipped 2.4% after Goldman Sachs downgraded the stock to sell from neutral. The investment firm said in a note to clients that Best Buy is “one of the best run
Why is getting student loan help quickly so important? It’s not just the worried feeling in the pit of your stomach when you’re falling behind on your loan payments—or seeing a near-future date when you will. Miss enough payments and you could face serious consequences. Along with damage to your credit score, you could have
Retail stocks have been some of the wildest movers in this strange year. 2020 has been a very different and difficult year — as consumers, as a society and as investors. Some parts of the retail sector saw an instance boost, as consumers flooded big-box stores and grocery chains. With restaurants closed, many were forced
Despite the ravages of the novel coronavirus pandemic, major indices continue to trade near or at all-time highs. But it’s also the types of sectors that are flying that make this dichotomy incredibly perplexing. For instance, the Technology Select Sector SPDR Fund (NYSEARCA:XLK) is nearing 40% gains year-to-date while some state eviction moratoriums are about
Mind Medicine (OTCMKTS:MMEDF) may currently trade over the counter for investors in the United States. However, thanks to a series of recent news items, MMEDF stock is on the move Friday. So what do investors need to know about the up-and-coming psychedelics play? Source: Shutterstock To start, what exactly is MindMed? Well, the biotech company
Signage is displayed outside the Campbell Soup Co. factory in Toronto, Ontario, Canada. Cole Burston | Bloomberg | Getty Images This week, Wall Street looked to Washington as lawmakers tried to reach an agreement on a coronavirus relief package before the end of the year. Both sides of the aisle appeared far from striking
People line up to receive free holiday boxes of food from the Food Bank For New York City ahead of the Thanksgiving holiday, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Harlem neighborhood of New York, U.S., November 16, 2020. Brendan McDermid | Reuters The surprise jump in new jobless claims
The exchange-traded funds (ETFs) below offer diversified investment in European government bonds, with hedging in non-European countries, particularly Japan. ETFs are funds that contain many securities that usually track an underlying index, such as a bond or stock index. European government bonds tend to carry more risk than U.S. government bonds, depending on market conditions and
Without question Marathon Oil (NYSE:MRO) has taken a beating. MRO stock is off 44% year over year. Source: Casimiro PT / Shutterstock.com Just a few weeks ago … no, a few months ago … no, a few years ago — anyway, since Joe Biden’s other running mate was in the White House — investing in
Plug Power (NASDAQ:PLUG) stock zoomed from a mere $3 to $28 during the year. The last time the company posted such staggering gains was back in the dot-com boom. But of course, this was short-lived. Plug Power stock would then go into a long-term bear mode. It was horrible. Source: Alexander Kirch / Shutterstock.com So
Lyft (NASDAQ:LYFT) hasn’t managed to catch much of a break since its initial public offering (IPO) on March 28, 2019. Since then, Lyft stock has been repeatedly walloped to the point that it is down 40% post-IPO. But, more than a year later, has the popular ride-sharing company’s luck finally improved? Source: Tero Vesalainen /
In a classic lesson of buying low and selling high, CNBC’s Jim Cramer on Thursday recommended investors trim their holdings in a number of speculative stocks he recently said are worth owning. After some of the stock picks put up triple-digit gains in a short timeframe, he advises trading at least the cost basis, or
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely to put downward pressure on
What Are Stock Exchanges? A stock exchange does not own shares. Instead, it acts as a market where stock buyers connect with stock sellers. Stocks can be traded on several exchanges such as the New York Stock Exchange (NYSE) or the Nasdaq. Although most stocks are traded through a broker, it is important to understand
When we look back on 2020, one of the year’s defining features will be the unprecedented interest in the stocks of bankrupted companies. Normally, when a company goes bust, its stock price goes to almost zero immediately and that’s that. This year, however, traders have stuck with firms in bankruptcy far longer than normal. Chesapeake
Among large-cap semiconductor names, Nvidia (NASDAQ:NVDA) is a story unto itself. Buoyed by the familiar catalysts of data centers and graphics processing units (GPUs), NVDA stock is up over 120% year-to-date (YTD) and is one of the biggest domestic chip manufacturers by market capitalization. Source: Allmy / Shutterstock.com As of Dec. 11, Nvidia is off
American Airlines (NASDAQ:AAL) is taking part in the vaccine rally. Shares of AAL stock are up more than 38% over the last 30 days. And although there’s been other news, I have to believe it’s mostly due to the hope that stems from multiple novel coronavirus vaccine candidates. Source: GagliardiPhotography / Shutterstock.com But American knows
Jeffrey Ubben Source: BusinessWire Activist Jeff Ubben thinks the market is mistakenly underappreciating Strategic Education because it is a for-profit education company. His firm, Inclusive Capital, has a more than 5% stake in Strategic Education. Since early June, the stock is down more than 40%, while the S&P 500 has rallied more than 12%. For-profit
Check out the companies making headlines in midday trading. Snowflake — Shares of the data-warehousing software maker slid more than 4% after Deutsche Bank downgraded the stock a hold rating. “Pent-up demand for high-multiple names, such as Snowflake, may be limited as we wrap up 2020 and investors look to protect their year,” the firm
What Is a No-Deal Brexit? With the Dec. 31, 2020, deadline for a trade agreement between the European Union and United Kingdom approaching, the risk of a “no-deal Brexit” is mounting. When the U.K. initiated Brexit—its exit from the EU—on Jan. 31, 2020, the Withdrawal Agreement provided 11 months for negotiating a new trade relationship and