Luckin Coffee (OTCMKTS:LKNCY) will go down as one of 2020’s more sobering investing stories. In a crazy year where just about everything crashed and then subsequently recovered, Luckin Coffee stock broke the mold. Source: Keitma / Shutterstock.com That’s because while it plummeted, it never really bounced back. Luckin shares went for as much as $50
Tobacco stocks have long been a favorite among income investors. Why? For one, they often pay high dividend yields above 5%. A select few have also maintained long histories of raising their dividends, even during recessions. On top of that, the industry enjoys multiple advantages that make it attractive for investment. The best names in
There is something interesting about Pinterest (NYSE:PINS), which has been roasting its way higher lately. In fact, PINS stock is up 217% over the last six months and 462% from the March low. Source: Nopparat Khokthong / Shutterstock.com But that’s not the interesting thing about this stock. Instead, it’s how investors have been classifying its
If there’s one thing we can all agree on right now, it’s that we’re ready for 2021. Source: Shutterstock This year has been one of surprises — most of them unpleasant. It seems forever ago now, but 2020 actually got off to a great start. The Dow rose to an all-time high in the first
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The Federal Reserve heads into its meeting next week in a familiar place, with a teetering economy that could be in
Traders work on the floor of the New York Stock Exchange. NYSE The week ahead is so jam-packed for markets that it could determine whether there will be a smooth glide path for a Santa rally into the end of the year. First, Congress looks set to fight down to the wire about a pandemic
Every year, millions of Americans patiently wait for weeks to receive all of their necessary tax forms in the mail, dutifully gather them together and prepare their returns, and wistfully contemplate what they could have done with the dollars that went to Uncle Sam and their state governments. But not everyone is subject to this
Palantir (NYSE:PLTR) is growing quickly, but it’s still barely profitable. Analysts, on average, expect its earnings per share to come in at just 8 cents this year. The valuation of Palantir stock is sky-high and the company will likely face increased competition. Also, I continue to believe that a Biden administration could be somewhat hostile
At the beginning of October, I wrote that BP (NYSE:BP) was worth about $21 or so, based on its historical yield and the company’s cash flow. Now, however, BP stock has touched $22 in the past two months. I believe the stock will stay close to these levels unless something changes. Source: Shutterstock For example,
Space tourism pioneer Virgin Galactic (NYSE:SPCE) is generating some excitement as its next manned test flight approaches. Shares of SPCE stock are rising, too. Source: Christopher Penler / Shutterstock.com Sorry to you adventure-seeking investors, however. SPCE is not rising like a rocket. In fact, it is quite likely that gravity – and reality – will
Prospects may be improving for pot stocks. But, this alone is hardly reason to buy Tilray (NASDAQ:TLRY). After soaring after election day, Tilray stock pulled back. And with good reason. While the incoming U.S. presidential administration wants to decriminalize marijuana, full on legalization/commercialization remains years away. Source: Jarretera / Shutterstock.com Until laws are changed on
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer on Friday sharply criticized how investment bankers handled the recent initial public offerings for companies such as DoorDash and Airbnb, two tech companies that saw major pops in their stocks after they began trading this week. “I don’t want to say that the market is broken,
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney said its Disney+ streaming service now has 86.8 million subscribers, a number it says could grow to 260 million by 2024. The company said over the past 2 months, the service has added more than 13 million subscribers.
The Families First Coronavirus Response Act (FFCRA) was signed into law March 18, 2020 as the second major legislative initiative designed to address COVID-19. So far, three coronavirus stimulus bills have been signed into law with a fourth currently in the planning stages. The Act, which is effective April 1 through December 31, 2020, addresses the impact of COVID-19
Alternate energy is all the rage these days. Not a day goes by when you don’t hear about a new company hoping to position itself as a unique player in an already bloated renewables market. In this crowded field, Plug Power (NASDAQ:PLUG) and Plug Power stock remain a spec play that you can live without.
Switchback Energy (NYSE:SBE) is a special purpose acquisition company (SPAC), a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SBE stock has almost tripled since announcing its merger with ChargePoint, which has the largest electric-vehicle charging network in North America and Europe. Source: Michael Vi / Shutterstock.com
Recent days have been tough for Nio (NYSE:NIO), but the Chinese electric vehicle company was turning things around on Thursday. In fact, NIO stock closed out regular trading up 2.75%. However, that all changed thanks to an after-hours announcement. So what do investors need to know right now? Source: Robert Way / Shutterstock.com Essentially, Nio
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell: Lululemon — Shares of Lululemon rose slightly after the athletic apparel retailer posted quarterly results that topped expectations. Lululemon reported sales of $1.1 billion, up
With stimulus talks at another standstill and vaccine momentum in the rearview mirror, U.S. equity markets fell today, bringing the S&P 500 and the Nasdaq off their record highs. The losses were mild with technology and stay-at-home stocks leading the declines. This article is an excerpt from our free The Market Sum newsletter. Sign up here to
After a blockbuster performance in 2020, now may be the time to sell gun company stocks. Sure, there’s plenty in motion to fuel a continued rally in firearms names. With the Democratic Party back in control of the White House, we could see a continued mad rush to buy guns, as seen during the Obama