Macroeconomic conditions typically affect industries in different ways. But whenever an economic decline occurs, shares of businesses operating in cyclical sectors get adversely affected. This year’s pandemic has pushed many economies around the world close to a recession. But in November, hopes of a coronavirus vaccine drove greater positive investor sentiment. Today we will take
I will start with the conclusion, then work backwards into it. Investors can own Southwest (NYSE:LUV) stock for the long haul recovery. Shorter term, I would prefer to buy it on the dip towards $40. Last week’s Pfizer (NYSE:PFE) headline spike placed resistance above, so it will be a slog for a few weeks. Case
Gregg Lemkau, co-head of investment banking for Goldman Sachs & Co. Christopher Goodney | Bloomberg | Getty Images Goldman Sachs is losing one of its top dealmakers. Gregg Lemkau, a nearly-three decade veteran of the bank and co-head of its powerhouse investment banking division, is leaving Goldman at the end of the year, according to
People walk by a T-Mobile store in San Francisco, California Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Monday: T-Mobile — T-Mobile shares rose more than 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway disclosed a stake in the mobile networking company. A 13F filing showed the
Despite stocks plunging and high volatility in the market, 2020 has also seen continued growth within the exchange traded fund (ETF) market. The top five issuers of ETFs alone each have $100 billion or more in assets under management (AUM). In addition to overall growth, there have been other new developments and trends in the
Every major sector has felt the wrath of the novel coronavirus pandemic. However, some industries have completely buckled under pressure — in particular, oil and gas. Oil stocks are a major casualty of the current crisis, and it’s hard to find a name that is not currently flat or down on the year as of
In July 2020, McKinsey indicated that 250 vaccine candidates are being pursued globally. The consulting firm also estimated that between five to seven vaccines would be approved in the next two years. Inovio Pharmaceuticals (NASDAQ:INO) has been in the race for the vaccine against Covid-19 and INO stock has exhibited high volatility. Source: Ascannio /
It’s hard to believe, but way back in January 2017, I suggested that NextEra Energy (NYSE:NEE) should replace DuPont de Nemours (NYSE:DD) in the Dow Jones Industrial Average. I thought NextEra Energy stock was a buy. Source: madamF / Shutterstock.com And I still do. Here’s why. Renewable Energy Is Not Going Away Before I get
Somehow, it just feels odd to write an analysis of a company with the mighty seafarin’ name of Ocean Power Technologies (NASDAQ:OPTT) when its OPTT stock has a price befitting a kiddie pool: $1.67 per share. This, as you may well know, is penny stock territory and tossing pennies in a fountain (or the “Ocean”
Canopy Growth Corp. (NYSE: CGC; TSX: WEED) is a Canada-based holding company that produces, distributes, and sells a variety of cannabis and hemp-based products for medical and recreational use. Its products include dried flower, hemp, vape pens and cartridges, THC- and CBD-infused beverages, and edibles. Founded in 2013, Canopy Growth faces competition from a large
Some stories — you know, crazy pandemics, crazier elections, craziest wardrobe fails — make so many headlines these days that they’ve shoved otherwise major developments off to the side. One of those, 5G technology, promises to change mobile communications like nothing else in generations. Vying for a nice slice of the pie is Nokia (NYSE:NOK),
When looking at the best entertainment stocks to buy, investors are realizing that upcoming holiday season is unlikely to be the same as the previous years. Another wave of coronavirus infections would imply that consumers are more cautious. However, in the last two months, U.S. consumer confidence has improved and this will translate into higher
When I last wrote about Sorrento Therapeutics (NASDAQ:SRNE) in early October, it was trading around $11.20, well down from its all-time high of $19.39, still up significantly from where it started the year. Source: Shutterstock At the time, I suggested that Sorrento was a better buy in the single digits. Now trading around $6 as
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images The Democrats have gained control of the White House, and Wall Street appears to be on board. Although President-elect Biden will have to grapple with the ongoing coronavirus
The role of a financial advisor is very broad. In general, their job is to guide their clients through the confusing and sometimes overwhelming landscape of investing, tax, estate, and financial management. Ultimately, a financial advisor’s goal is to help each of their clients secure enough money to spend during their lifetime, and, in some
JFrog (FROG) just released its first quarterly earnings report as a publicly traded company. Mid-September, I wondered if this ”liquid software” play was demonstrating on impressive enough performance on the day it went public. Judging by the trading action since the public offering, investors have held good believe in the prospects for the company, yet
It’s been an incredible comeback year for iBio (NYSEAMERICAN:IBIO). Up until 2020, IBIO stock had a long and unfortunate run as a publicly traded investment. Shares dropped from a peak of $55 each in 2011 to as low as 5 cents last year. However, for the fledgling biotech and vaccine company, the novel coronavirus gave it
As a leading developer of renewable energy, NextEra Energy (NASDAQ:NEE) is poised to get a tremendous boost from Joe Biden’s apparent victory in the 2020 presidential election. As a result, I believe that more conservative investors looking for exposure to the solar sector should buy NEE stock. Source: madamF / Shutterstock.com In the 2020 campaign,
In the spring, British multinational oil and gas giant BP PLC (NYSE:BP) was teetering. Walloped by an oil price war, slammed by a precipitous drop in demand thanks to the novel coronavirus pandemic, then caught up in a stock market crash, BP stock fell off a cliff. Source: JuliusKielaitis / Shutterstock.com After a brief post-crash
Check out the companies making headlines before the bell: DR Horton – The homebuilder reported quarterly profit of $2.24 per share, beating the consensus estimate of $1.76, with revenue also above forecasts on an increase in closed sales and net orders. DR Horton also raised its dividend and issued an upbeat 2021 outlook. The shares