Clinical-stage biopharmaceutical company Sorrento Therapeutics (NASDAQ:SRNE) has been in the financial press recently, and not necessarily in a good way. In fact, a U.S. Food and Drug Administration (FDA) ruling from August undoubtedly made some SRNE stock holders wriggle in their seats. Source: Shutterstock As it turned out, Sorrento had an unexpected competitor for its
A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020. Andrea Verdelli | Getty Images The market is looking treacherous right now to end September, but top analysts still believe there are compelling stocks out there with robust upside ahead. Even in challenging economic
While volatility is on the rise in broader markets, investors wonder if now could be a good time to buy Royal Caribbean (NYSE:RCL). After all, like many other battered travel and cruise names, RCL stock is down over 50% year-to-date. Source: NAN728 / Shutterstock.com However, that metric tells only half the story. Since the lows hit
To give you an idea of how vital women CEOs are to environmental, social and governance (ESG) investment strategies, former Bank of England and Bank of Canada governor Mark Carney was appointed in late August as Brookfield Asset Management’s (NYSE:BAM) head of ESG investing. What does this have to do with women as CEOs and
Saul Loeb | AFP | Getty Images Check out the companies making headlines in midday trading. Amazon – Shares of Amazon climbed nearly 3% after Bernstein upgraded the e-commerce giant to outperform from market perform. The Wall Street firm said the recent pullback created an attractive “entry point” for the stock, adding it undervalued the
The Koch brothers, Charles and David, became well-known for their libertarian and conservative politics, often portrayed as significant personalities that impact elections and government decisions. However, despite fame as political influencers, their primary activities centered around running Koch Industries Inc., of which they owned over 80%. Koch Industries is a private company that has annual
The fate of past, very promising technologies makes me wary of investing in Kensington Capital (NYSE:KCAC) at this point. The relatively high valuation of Kensington Capital stock and the recent tech sell-off also gives me pause. Source: Tada Images / Shutterstock.com For the uninitiated, those who buy Kensington Capital will eventually own the shares of
During times of uncertainty, investors crave a sure thing. There are times to be “risk-on” and there are times to be “risk-off.” When investors flock to the latter, they often look for companies with no debt. That doesn’t mean these stocks won’t fluctuate with the overall market. But there is a level of comfort in
Kim Sohee | Getty Images (CNBC Pro subscribers can access the 13D Active-Passive Investor Summit featuring the most influential activist investors by registering here with promo code ”13DCNBC20′ for a 20% discount.) Company: Apartment Investment and Management Co. (AIV) Business: Apartment Investment and Management Co. is a REIT that focuses on the ownership, management, redevelopment, and development
Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug
After a tough week, stocks put together a decent rally on Friday. Let’s look at a few top stock trades going into next week, the last week of September. Top Stock Trades for Monday No. 1: Rite Aid (RAD) Rite Aid (NYSE:RAD) shares are under significant pressure for the second straight day. The stock ended
Luckin Coffee (OTCMKTS:LKNCY), the controversial, downtrodden Chinese coffeehouse operator, is finally taking some steps in the right direction, but Luckin stock remains a gamble. Source: Keitma / Shutterstock.com Still reeling from the effects of a revenue-inflating scandal that took Luckin from being a Chinese growth darling to trading over-the-counter, the company recently reappointed Sean Shao,
[embedded content] In a sudden and sharp reversal that many were warning about for weeks, red-hot tech stocks fell off a cliff in September, with the tech-heavy Nasdaq index falling into correction territory over the course of roughly one week. Now where are all the good tech stocks to buy? While many out there are
You can invest in the growing space economy with these ETFs. Procure Space ETF: https://www.zacks.com/funds/etf/UFO/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P Kensho Final Frontiers ETF: https://www.zacks.com/funds/etf/ROKT/profile?cid=CS-YOUTUBE-FT-VID Virgin Galatic: https://www.zacks.com/stock/quote/SPCE?cid=CS-YOUTUBE-FT-VID Maxar Technologies: https://www.zacks.com/stock/quote/SPCE?cid=CS-YOUTUBE-FT-VID Dish Network: https://www.zacks.com/stock/quote/SPCE?cid=CS-YOUTUBE-FT-VID Intelsat: https://www.zacks.com/stock/quote/I?cid=CS-YOUTUBE-FT-VID Northrup Grumann: https://www.zacks.com/stock/quote/NOC?cid=CS-YOUTUBE-FT-VID Lockheed Martin: https://www.zacks.com/stock/quote/LMT?cid=CS-YOUTUBE-FT-VID
The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. Brendan McDermid | Reuters Stock market volatility, with sharp ups, downs and reversals, is likely to be the norm again in the week ahead, as investors await Friday’s jobs report and watch
Investors don’t agree on much, but they do agree that making money in the market comes with a steadfast strategy that is built around a set of rules. Think for a moment about your early days as an investor. If you’re like many, you jumped in with very little knowledge of the markets. When you
Bristol-Myers Squibb (NYSE:BMY) is incredibly cheap. For example, based on earnings estimates, BMY stock trades at just 7.8 times next year’s earnings. Source: IgorGolovniov / Shutterstock.com In addition, it has an attractive dividend yield of 3.11%, which is likely to increase soon. I estimate the stock is worth at least $84.47, or 46% more than
Traders have to be ruthlessly myopic at times. They look at a stock like Occidental Petroleum (NYSE:OXY) and immediately think of Warren Buffett’s axiom to be brave when others are fearful. So they buy OXY stock while others are avoiding it. But being cautious isn’t the same as being fearful. And being bold doesn’t always
Renewed interest in emerging biotechnology companies lifted Sorento Therapeutics (NASDAQ:SRNE) recently. Excessive bearish volumes against the stock could squeeze them out further. If Sorrento continues to post positive news in its drug and testing developments on the novel coronavirus, then SRNE stock may keep rising. Source: Shutterstock At a 34.3% short float, the bearish bet
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana jumped after the online used car marketplace said it expects to set records in several categories during its third quarter, including total revenue and retail units sold. Shares were up 24% in premarket trading. The company previously declined to give forward guidance for the