Biotech companies involved in finding a vaccine or therapeutic for Covid-19 have been among the most popular, and volatile, stocks of 2020. Novavax (NASDAQ:NVAX) is no exception. NVAX stock is up near-2,000% in 2020. But that’s down nearly half from where it has been. Source: Ascannio/Shutterstock.com Novavax is one of the companies receiving funds from
The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images Check out the companies making headlines in midday trading. Uber, Lyft — Shares of the ridehailing companies jumped 13.3% and 12.8%, respectively, after early voting projections suggest that Californians
In this video, I want to share with you exactly behind What the Butterfly is when it comes to Trading Options and why you may want to trade the Butterfly. The Butterfly’s just a fancy name for a type of spread because it looks like a butterfly. You can trade a butterfly to the upside
Kevin Matras goes over the iron condor strategy, which is the perfect strategy when you think a stock will trade within a broad range.
2020 has meant a perfect storm of headwinds for Exxon Mobil (NYSE:XOM). First, of course, the novel coronavirus pandemic. I don’t have to tell you why the virus, and the resultant “stay at home economy,” has decimated demand for crude oil. In turn, it has also meant big losses for XOM stock. Source: Jonathan Weiss
Nokia (NYSE:NOK) stock is slowly getting on the nerves of the patient . While the shares of several tech companies are climbing at breakneck speeds, Nokia stock is meandering along at a sluggish pace. After a brief period trading over $5.00, the shares are now changing hands for around $3.50. Source: rafapress / Shutterstock.com Granted,
Shares of companies going public via a reverse-merger with a special purpose acquisition company (SPAC), such as Landcadia Holdings II (NASDAQ:LCA), have been hot in 2020. On Sept. 10, LCA stock hit an all-time high of $19.28. But the shares are now at $13. Source: rawf8/Shutterstock.com The initial run-up in price came after Landcadia announced in
2011 Gain: $32.87 (60%) 2011 Closing price: $87.61 Last year, investors turned away from HMO stocks such as this, fearing the impact of a new health care overhaul rule involving medical-loss ratios. However, Humana showed it was able to manage the new regulation and in October delivered better-than-expected profits and a better-than-expected forecast for 2012.
People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The lack of a blue wave makes higher taxes and more regulation less likely, and that’s enough to rally stocks for now. The election outcome is
After Apple (NASDAQ:AAPL) received a boost from the work-at-home trend in its quarter that ended in June, AAPL stock appears to have reverted to form last quarter, with one exception. Source: dennizn / Shutterstock.com The company’s China business, in-line with my previous warnings, sharply contracted, indicating that the hardware giant could have a big, ongoing
It’s been a great year to be involved with gold. For example, the SPDR Gold Shares (NYSEARCA:GLD), is higher by 24.5%. However, it’s an even better time to embrace gold stocks. The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) proves as much with year-to-date gain of almost 32%. Those data points underscore the double-edged sword that
Roku (NASDAQ:ROKU) stock surged to all-time highs after the streaming device maker reported quarterly figures that absolutely crushed revenue and profit expectations. Source: Fozan Ns / Shutterstock.com Specifically, Roku topped revenue estimates by over 20% — growing revenues by a record-high 73% year-over-year — while reporting a sizable profit in the quarter (Wall Street was
Guggenheim Partner’s Scott Minerd told CNBC that Wednesday’s rally on Wall Street makes sense, despite the uncertain outcome in the presidential race between President Donald Trump and Democrat Joe Biden. “I was always of the opinion, regardless of the outcome, short of getting anarchy in the street, that this would be good for stocks,” the
Take a look at some of the biggest movers in the premarket: CVS Health (CVS) – CVS named Executive Vice President Karen Lynch as its next CEO, effective Feb. 1, replacing the retiring Larry Merlo. Separately, CVS reported better-than-expected sales and profit for its latest quarter, as prescription drug volumes rebounded. Shares rose 2% in
Hertz Global Holdings (OTCMKTS:HTZGQ) is now trading on the “pink sheets” as an unlisted security. On Oct. 30, the New York Stock Exchange filed SEC Form 25 and kicked Hertz stock off of the NYSE with immediate effect. Source: Eric Glenn/Shutterstock.com This is an indication that Hertz stock has virtually no value and no one
The Trade Desk (NASDAQ:TTD) stock took off like a rocket ship in early November after the programmatic advertising leader reported huge revenue and profit beats in its third-quarter earnings report. Source: shutterstock.com Specifically, The Trade Desk topped revenue estimates by an impressive 20%, while almost tripling consensus earnings estimates. TTD stock soared about 30% to
Array Technologies (NASDAQ:ARRY) is a play on the solar sector, and that sector has moved higher over the past four years — despite President Donald Trump’s benign neglect. What’s more, it’s natural to believe that the likely Joe Biden administration will be friendlier to solar and other renewable energy sectors. But does that mean it’s
Warren Buffett Gerard Miller | CNBC As the coronavirus pandemic weighs on its operating earnings and stock price, Berkshire Hathaway ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second quarter. Warren Buffett’s conglomerate bought back $9 billion of its own stock, it was revealed
The labor market was stronger than expected in October, showing good momentum ahead of the latest wave of coronavirus cases. The economy added 638,000 nonfarm payrolls and the unemployment rate fell by a full percentage point to 6.9%. The government compiled the data for the report in the middle of October. Stock futures temporarily erased
Ternium (NYSE:TX) announced its third-quarter earnings results this week and reported a significant bottom-line beat. $0.74 per share was the number reported, which was $0.43 per share north of consensus. The company also beat on the top line as sales came in at $2.14 billion ($113 million ahead of consensus). These numbers really demonstrate how