Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set aside $1.4 billion for possible loan losses, significantly smaller than the amounts it had set
Sunrun (NASDAQ:RUN) has been a jaw-dropping trade lately. Even after a recent sell-off, RUN stock is up 350% year-to-date. Sounds great, right? Source: IgorGolovniov / Shutterstock.com Normally, you’d expect some huge fundamental developments to justify a stock price quadrupling. But there aren’t any here. Sunrun’s sales are actually declining. For Q2, its operating loss was
Small cars have never sold well in the United States. ElectraMeccanica (NASDAQ:SOLO) – an electric vehicle pioneer that is on the cusp of bringing a purpose-built, single-seat, three-wheel electric car (dubbed Solo) to market in late 2020 – hopes to change this reality and sell a bunch of “tricycle” EVs over the next few years. If
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects:Earnings: $2.23 per share, a 17% decline from a
Check out the companies making headlines before the bell: Walgreens – The pharmacy chain operator reported adjusted quarterly profit of $1.02 per share, 6 cents above estimates, with revenue also above forecasts. Walgreens also announced a 2.2% dividend increase. The shares added 2% in premarket trading as of 7:40 a.m. ET. Morgan Stanley – Morgan
Some people don’t understand that you can actually be a seller of options. They think that you can only buy a put or buy a call, but this is not the case. Just like a car dealer will sell you a car before it’s even in their inventory, you can do the same thing with
Approximately 2,000 Robinhood accounts were accessed by hackers and looted during the week of October 5, according to Bloomberg. Victims told Bloomberg that their trading accounts were hacked in spite of already having set up account protection. A Robinhood spokesperson tells us, “A limited number of customers appear to have had their Robinhood account targeted
As Shopify (NYSE:SHOP) continues surging, investors will look back at 2020 as a year of FOMO – the Fear of Missing Out. SHOP stock now up 170% since the beginning of the year and 3,700% since its 2015 IPO, and it’s not alone. Source: justplay1412 / Shutterstock.com Tech stocks, led by work-from-home companies, have rocketed
Most investors typically value precious metals as safe havens in times of an economic downturn. Due to the novel coronavirus-led market slowdown, several investors have turned to precious metals in protecting their investments. For example, gold prices have risen over 27% in the past year compared to 19% growth in the S&P 500 index. However,
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images Company: ON Semiconductor Corp (ON) Business: A premier semiconductor company that focuses on power and sensor products. ON Semi’s segments include (i) Power Solutions Group, which offers a range of discrete,
Check out the companies making headlines before the bell: Pfizer, BioNTech – Pfizer Chairman and CEO Albert Bourla said the vaccine candidate under development by the two drug makers could be ready for an Emergency Use Authorization application by late November. Separately, Pfizer and BioNTech are scaling up manufacturing capability for their experimental coronavirus vaccine,
I’ll start with some good news. Independent exploration and production company Marathon Oil (NYSE:MRO) reinstated its dividend this month. The payout — suspended during the energy collapse earlier this year — will be payable Dec. 10 to MRO stock holders of record on Nov. 18. While the payout is modest at 3 cents per quarter,
Palantir Technologies (NYSE:PLTR) went public on Sept. 30 via a direct listing, one of the few companies that have chosen to take this route. But after reading through the public S-1 filing with the SEC I find little reason to own PLTR stock. Source: Sundry Photography / Shutterstock.com This is despite the fact that I
The market has been on a raging rebound since late March. A lot of stocks have seen tremendous returns, but it’s challenging to jump on a moving train. But worry not, because there are some great stocks that have benefited from quarantine trends but are also rising on their own merits — well managed and
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
United Airlines’ Boeing 747-400 aircraft performed its last passenger flight on November 7, 2017. NurPhoto Check out the companies making headlines in midday trading. Boeing — Shares popped more than 3% after Patrick Ky, the head of Europe’s aviation regulator, said the company’s beleaguered 737 Max jet is safe to fly again. He added the
Clean energy ETFs are among the top-performers this year too, after a spectacular performance last year. Invesco Solar ETF: https://www.zacks.com/funds/etf/TAN/profile?cid=CS-YOUTUBE-FT-VID Invesco WilderHill Clean Energy ETF: https://www.zacks.com/funds/etf/PBW/profile?cid=CS-YOUTUBE-FT-VID ALPS Clean Energy ETF: https://www.zacks.com/funds/etf/ACES/profile?cid=CS-YOUTUBE-FT-VID Tesla: https://www.zacks.com/stock/quote/TSLA?cid=CS-YOUTUBE-FT-VID Enphase Energy: https://www.zacks.com/stock/quote/ENPH?cid=CS-YOUTUBE-FT-VID SolarEdge Technologies: https://www.zacks.com/stock/quote/SEDG?cid=CS-YOUTUBE-FT-VID Plug Power: https://www.zacks.com/stock/quote/PLUG?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on
Specialization, along with the complementary concept of the division of labor, occurs when the innate inequalities of human productive output are intensified along different skills. An individual becomes economically specialized when he focuses his productive efforts on an increasingly narrow range of tasks. The most obvious economic impact of specialization can be seen in the
It’s a difficult time to be an income investor. The S&P 500 index has rallied off of its 2020 lows and has returned to near-record highs, pushing the average dividend yield in the index below 2%. In addition, with interest rates near zero, fixed income yields are suppressed as well. The end result is that
For those with a heart for the environment, Exxon Mobil (NYSE:XOM) stock is not an easy name to love. Source: Jonathan Weiss / Shutterstock.com Yes, the Exxon Valdez oil spill is now 21 years past. But it still ranks as one of history’s most calamitous, no thanks to foot-dragging on the energy giant’s part. Nor have