Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Check out the companies making headlines after hours on Thursday: Cisco Systems — Cisco shares rallied nearly 9% in after-hours trading on the back of better-than-expected results for its fiscal first quarter. The company reported earnings per share of
Exxon Mobil (NYSE:XOM) stock gained 12.7% in trading Monday. But that gain is not nearly enough to offset what has been a truly stunning decline. Source: Ken Wolter / Shutterstock.com Even with the rally, XOM stock has lost 47% of its value so far in 2020. The S&P 500 has gained more than 10%. Obviously,
Workhorse (NASDAQ:WKHS) delivered some positive news in conjunction with its recently unveiled third-quarter results. The upbeat developments, however, do not come close to justifying the still-huge valuation of WKHS stock. Concerns include accusations of quality issues and the lack of clarity of the company’s outlook. Source: Photo from WorkHorse.com In a nutshell, Workhorse announced, in
Fisker Inc (NYSE:FSR) closed its merger with a SPAC (special purpose acquisition company) on Oct. 30 and started trading under its own symbol. FSR stock now looks like a winner since it received a number of benefits at the close of that transaction. Source: Shutterstock For one, the company says that it received “in excess
The media likes to focus on Zoom Video (NASDAQ:ZM) as its poster child of a novel coronavirus stock winner. But Overstock.com (NASDAQ:OSTK) has quietly eclipsed the tech platform’s shares, with OSTK stock rising more than six-fold year-to-date, 40% more than Zoom. Source: Burdun Iliya / Shutterstock.com Unfortunately, that’s not any consolation to recently buyers. OSTK
Stock’s are surging on Monday on news of a 90% effective Covid-19 vaccine and CNBC’s Jim Cramer said investors should be excited about what the scientific breakthrough means for everyday life and the stock market. “If you think about where we were last week, where we felt that there was very little chance to be able to stop this
The logos of Amazon, Apple, Facebook and Google. Reuters Check out the companies making headlines in midday trading. Lyft — Shares of the ride hailing company rose more than 3% after executives said Lyft expects to become EBITDA profitable by the fourth quarter of 2021 even if there’s a slower than hoped-for recovery. The company
In today’s episode of let’s talk stocks, we’re going to take a look at the overall market. I’m going to share with you some insights on why this could be an early bear market. And we are going to review some current stock charts and their behavior. Some of the charts we’ll take a look
If there were one word to describe 2020, “volatile” would be an appropriate description. The coronavirus pandemic wreaked havoc on the U.S. economy. The broader economy remains in a highly uncertain position. With this backdrop, investors may want to position their portfolios to be less volatile moving forward by investing in low-beta stocks. Low-beta stocks
Naked Brand Group (NASDAQ:NAKD) stock has left its shareholders feeling a stiff chill. Since 2015, adjusting for reverse splits, NAKD stock has plummeted from $2,000 per share to just 7 cents today. That’s a greater than 99.9% wipeout of value. Source: Shutterstock After this sort of plunge, you might think that there’d be value, or at
Facebook (NASDAQ:FB) stock surged by nearly 10% after Election Day 2020, as Democrats failed to materialize a blue wave. That jibes with investor concerns heading into the election, which were fueled by worries a Democrat-controlled government would install sweeping reform across the Big Tech landscape. Bad news for Facebook stock, right? Source: Cryptographer / Shutterstock.com
From a bird’s-eye view, DraftKings (NASDAQ:DKNG) is a name that you’ll want to own for the long haul. With sports returning back to the forefront after the novel coronavirus initially disrupted major professional leagues, DKNG stock has clear upside ahead, and a growing consumer base to boot. Source: Lori Butcher/Shutterstock.com According to data from The
I knew the day was coming, even if an effective vaccine would be announced shortly (which it was), my most “normal” activity, playing tennis, was, again, going to succumb to Covid-19 protocols. The virus has been surging in my state, with daily cases up over tenfold compared to where they were in June. Finally, the decree
An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters What would a Democrat-controlled Securities and Exchange Commission look like? It’s early, but speculation is already raging on Wall Street. Who will be the next SEC Commissioner? Former CFTC chair Gary Gensler, who aggressively implemented Dodd Frank
Here’s a look at the companies making headlines in after-hours trading. Moderna — The biotech stock rose 2% after Moderna said that it has had enough cases of Covid-19 in its vaccine candidate trial to take a look at the data, signaling that preliminary results could be released soon. The stock also rose more than
Does a Biden administration bode well for Plug Power (NASDAQ:PLUG)? On the heels of the Democratic Party nominee winning the U.S. Presidential election, it’s no surprise investors are betting on “green wave” stocks. Not only did the candidate promise to invest trillions into green initiatives. He also vowed to help phase out big oil. Source:
While the stock market surged on the heels of a wild Election Day 2020, red-hot solar stocks went dim, with The Invesco Solar ETF (NYSEARCA:TAN) shedding as much as 6%, and many headline solar stocks — like First Solar (NASDAQ:FSLR) and SolarEdge (NASDAQ:SEDG) — dropping more than 10%. Why? Because the election will likely end
President-elect Joseph Biden’s objective of net-zero carbon status for the U.S. by 2050 might seem like a lose-lose situation for older energy companies. However, this could turn out to be a win-win for BP (NYSE:BP), and hesitant BP stock traders might find reasons to flip bullish. Source: JHVEPhoto / Shutterstock.com Indeed, I’ll grant that a bullish
A pedestrian holding an umbrella walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Stocks are surging on Monday but some customers of online brokers Charles Schwab, TD Ameritrade, Vanguard and others could be missing out on the record market highs. E-brokers are experiencing technical issues with their
General view during the KKW Beauty Launches at ULTA Beauty on October 24, 2019 in New York City. Dimitrios Kambouris | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. Amazon, Facebook, Google, Apple — Big Tech stocks struggled on Tuesday as the rotation out of recent winners continued