2020 has seen investors chase some strange stocks, but Luckin Coffee (OTCMKTS:LKNCY) might be at the top of the list. Luckin disclosed one of the most brazen frauds in history, leading its stock to plunge. But since the disclosure, investors have piled in: Luckin stock now has nearly quadrupled from late June lows. Source: abolukbas
Square (NYSE:SQ) stock popped to all-time highs in early November after its third-quarter earnings report absolutely crushed analyst estimates. Source: Jonathan Weiss / Shutterstock.com Specifically, Square’s Q3 revenues came in about 50% above expectations, while profits doubled consensus estimates. SQ stock rallied more than 10% in response. Zooming out, the huge third quarter earnings beat
Turning on the television this week has likely made you want to run out and sell all your stocks. Or at least stay far away from investing. Source: Shutterstock But despite all the negative spin we’re hearing from the media … stocks rallied like crazy. And yet we still do not know who will lead
Americans appear to want divided government, and that could spell good news for growth stocks, CNBC’s Jim Cramer said Wednesday. “Finally, we can stop fretting about politics and start focusing on business and your money again, because a divided Congress and a blue White House … is nirvana for growth stocks,” the “Mad Money” host
Check out the companies making headlines in midday trading. Roku — Streaming platform Roku jumped 11% after the company reported a surprise adjusted profit for its third quarter. The company posted 9 cents in earnings per share on $452 million in revenue. Analysts had projected a loss of 40 cents per share and $366 million
As we discussed last week — besides the fundamental economic issues the market is dealing with — the uncertainty around election day and Covid-19 have and will continue to contribute to increased volatility in the short term. Source: Shutterstock And unfortunately, all three of those issues remain unresolved after election day. Now, we understand these
It’s been a volatile year for investors in general. And nowhere has that been more true than in high yield dividend stocks. In March and April, there was a massive number of companies that slashed or entirely suspended their dividends. This year has been a period of devastation for income-focused investors, particularly in sectors like
Electric vehicle (EV) makers have been in demand this year, Nikola (NASDAQ:NKLA) included. However, Nikola stock has fallen out of favor with investors, just as it should. Even with the stock’s major decline, it’s still one to avoid. Source: Stephanie L Sanchez / Shutterstock.com Nikola has a potentially big contract with General Motors (NYSE:GM) hanging
Investors have been distracted by election-related issues, but there’s a hidden winner amidst the confusion. I’m referring to Penn National Gaming (NASDAQ:PENN). But, how exactly are PENN stock holders winning? Source: Casimiro PT / Shutterstock.com Overall, the company — which owns gaming and racing properties and machines, as well as a stake in sports betting and
Axon (NASDAQ:AAXN) stock popped to all time highs in early November after the law enforcement technology solutions provider reported blowout third quarter numbers which breezed past expectations and included a healthy fourth quarter guide. Source: Shutterstock Specifically, Axon’s revenues came in 10% above expectations — rising nearly 30% year-over-year — while earnings per share doubled
Billionaire investor Leon Cooperman told CNBC on Friday that he was concerned about the long-term outlook for the stock market because “too much debt is being created.” “I think the overwhelming reality is the Fed is just creating this environment of free money. You have to kind of make a judgement whether that’s justified, how
Spencer Platt | Getty Images News | Getty Images After an initially exuberant election reaction, stocks may trade more cautiously in the week ahead, as investors watch election developments unfold and track the course of the coronavirus. The S&P 500 was up more than 7% in the past week, and the Nasdaq rose nearly 9%.
Investors with a strong love of adventure often aren’t adventurous with their money. But, if you enjoy playing with your money, then you’d likely be comfortable with betting on the shares of Virgin Galactic (NYSE:SPCE). For everyone else, there are better investments than SPCE stock. Source: Tun Pichitanon / Shutterstock.com I know that’s resisting the
If you’re looking to buy yourself a little pre-holiday investment gift for putting up with the novel coronavirus in 2020, forget penny stocks. Look to cheap stocks under $10 instead. According to Finviz.com, there are 33 stocks currently trading at $5 or less with a market capitalization of $2 billion or more. However, if you
Analysts think of Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) stock in terms of the company’s Google search engine. Source: PixieMe / Shutterstock.com But its biggest growth engine is YouTube, its video service. In its most recent quarterly report, released Oct. 29, Alphabet reported $5 billion in ad revenue for YouTube, up 31% from a year earlier. But that’s not
CNBC’s Jim Cramer said Thursday that investors are cheering the prospect of Democrat Joe Biden becoming president because Biden would provide more stability than President Donald Trump. Stocks were surging Thursday, building on Wednesday’s post-election rally despite the absence of a winner in the presidential race. At present, Biden holds an advantage in the Electoral
Economists mostly expect job growth slowed in October, as the pace of rehirings dropped off and layoffs increased. Job growth was expected to total 530,000 in October, and the unemployment rate is expected to fall to 7.7%, according to Dow Jones. That number includes about a 150,000 decline in public sector jobs from the end
Although the new normal created some amazing trades this year, you can’t defy fundamental realities forever. That’s really the defining takeaway when you look at Hertz Global (OTCMKTS:HTZGQ). Source: aureliefrance / Shutterstock.com Even before the pandemic, Hertz stock has been a frustrating investment at best over the past few years. Now, with so much geopolitical
Despite the doubters and the short-sellers, Pinterest (NYSE:PINS) stock continues to soar to new highs. But now investors are getting something in Pinterest stock they rarely get: a huge opportunity to buy after great news. Source: Nopparat Khokthong / Shutterstock.com Pinterest reported earnings on the evening of Oct. 28 and shares soared as much as
When we spoke last, I’d said that a decisive presidential election was likely, which is what investors were anticipating, too. Stocks rallied strongly on Monday, with the Dow climbing more than 300 points. Well, as you may know, a decisive election outcome ended up not being the case, as folks are still counting ballots in