People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 5, 2020 in New York City. Angela Weiss | AFP | Getty Images Stock market bulls, rejoice. Third quarter earnings season begins Tuesday with JPMorgan Chase. The good news: in the second quarter, companies delivered surprisingly large earnings beats as analysts underestimated
Check out the companies making headlines midday Monday: Dillard’s — Shares of the retailer surged more than 32% after one of Warren Buffett’s top lieutenants revealed a stake in the company. Ted Weschler’s stake is over 1 million shares, or about 5.89% of the outstanding stock, according to a securities filing. Twitter — Twitter shares
After the recent pullback, is it time to dive into Workhorse (NASDAQ:WKHS) or is it an investment you should avoid? With two potentially game-changing catalysts around its belt, investors had plenty of reason to be excited about this stock. But, with these catalysts already priced into shares, this electric vehicle (EV) play may be “too
The old guard brick-and-mortar retail industry is under duress. In the first half of 2020, 18 retailers filed for Chapter 11 bankruptcy protection while the number of store closures hit another record. All the while, Walmart (NYSE:WMT) is thriving. WMT stock is up 18.55% year-to-date, topping the S&P Retail Select Industry Index by 300 basis
An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure
Republican President Donald Trump and his Democratic challenger Joe Biden will square off for a series of three nationally televised debates beginning Tuesday, Sept. 29. Current Republican Vice President Mike Pence and Democratic Vice Presidential Candidate Kamala Harris will have their one and only debate on Wednesday, Oct. 7. General Rules The Commission on Presidential
DiamondPeak (NASDAQ:DPHC) is a SPAC that’s due to merge with electric-vehicle maker Lordstown Motors by the end of the year, but that doesn’t mean DiamondPeak stock is destined for greatness. Source: Shutterstock After the merger, Lordstown will take over the shares which will then trade under the symbol “RIDE.” While Lordstown is building an intriguing
If you only have a certain amount of money to invest, don’t be thrown off by high-priced stocks. Bear in mind, there’s a difference between high-priced and expensive. The former simply means the stock may trade at a three- or four-digit price, rather than a single- or double-digit price. Expensive stocks are those trading at
An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020. Patrick T. Fallon | Bloomberg | Getty Images Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so
Check out the companies making headlines in midday trading. SunPower — Shares of the solar company jumped more than 13% to a new 52-week high after Piper Sandler initiated coverage on the stock with an overweight rating. The firm called SunPower a “favorite idea,” noting that it has “a path toward generating positive operating cash
If Thomas Edison were still alive and still inventing breakthroughs like the phonograph, electric light, and an app-activated mouth plug to shut up airplane talkers, then it’s likely — more than likely — that he would hang his head in sorrow to see what’s become of his beloved company that he co-founded in 1892, General
Amazon (NASDAQ:AMZN) is having its best year yet. The novel coronavirus pandemic led to an unprecedented surge in online shopping, which was a big win for the e-commerce giant. With Prime Day just around the corner, investors are hoping for some big gains in the coming weeks. AMZN stock is up 62% to date, and
Former Goldman Sachs CEO Lloyd Blankfein sees speculative elements across markets for stocks and bonds. Blankfein, a billionaire who served as Goldman’s CEO from 2006 to 2018, said Thursday on Squawk Box that low interest rates were essentially creating free money for big institutional investors. After keeping rates low for years after the 2008 financial
Spencer Platt | Getty Images News | Getty Images Even with election year volatility and no stimulus package in sight, it looks like the stars are aligning for a fourth quarter stock market rally. Technical analysts say they see underlying trends that signal strength and further gains, including broader groups of stocks participating, like small
High-net-worth individuals tend to have more complex financial needs than most retail consumers. That’s why private banks offer a wide swath of services under one roof, from investment management to trust and estate planning. Wealthy clients are typically assigned a dedicated private banker (a.k.a. relationship manager), who is a single point of contact. Key Takeaways Most of these
Earlier this year, Hertz Global (NYSE:HTZ) was one of the names that rose to infamy/notoriety as the Robinhood crowd became enamored by tumbling, low-priced stocks in the hopes of catching rallies, however brief. Source: Eric Glenn/Shutterstock.com Indeed, there were some occasions when this risky strategy paid off. There was stretch in March when HTZ stock
We are witnessing a new age of medicine with the increasing acceptance of people’s right to what goes inside their bodies. Over the past decade, several researches have come out supporting psychedelic-inspired medicines in treating conditions including addiction, depression, and ADHD. Hence, the “shroom boom” is here and is likely to propel psychedelic stocks as
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Company: Invesco Ltd. (IVZ) Business: Independent investment management company. Invesco provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. Its
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing company gained more than 3% after Mizuho initiated coverage on the stock with a buy rating and $550 target. “We believe Zoom can continue to deliver outsized revenue growth due to its position as a market leader, its global
After stimulus talks seemed to be off the table just a few days ago, they have been the fuel behind the latest rally. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Microsoft (MSFT) This name rallied hard into the September highs, along with