In today’s episode of let’s talk stocks, we will go into some technical analysis basics, and we’ll take a look at the cup and handle pattern. This can be both a reversal and a continuation pattern. We’ll talk about what the pattern looks like, it’s previous trend, volume, as well as some projections, entry points
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The novel coronavirus pandemic has swept away several industries but has been a bit of a blessing for the biotech sector. iBio (NYSEMKT:IBIO) is one company that is benefiting from the hype surrounding the push for a vaccine, as iBio stock gained 490% this year. Source: Shutterstock As I discussed in my previous article, iBio’s
It’s been a terrible year for Chinese coffee chain Luckin (NYSE:LK). LK stock is down a whopping 92% so far this year as the company struggles with the consequences of its fraud scandal. Source: Keitma / Shutterstock.com This week major banks won a legal battle that will force Luckin Chairman Charles Lu to liquidate millions
Housing choices are abundant, especially in urban areas, leaving many first-time homebuyers wondering which type of residence to buy. Each style of dwelling—condominium, townhouse, and detached home—has its pros and cons. Buyers should consider their lifestyles and budgets, as well as their level of desired involvement in home maintenance when deciding which style of home
Jeffrey Ubben, CEO of ValueAct Capital Partners Ann Johansson | Corbis | Getty Images On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated
A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images Stocks could face turbulence and limited gains in the second half of the year, as the Covid-19 pandemic continues to set the course for markets and the economy.
Canopy Growth (NYSE:CGC) and some of its marijuana equity peers are in the midst of a mini-resurgence. CGC stock is higher by almost 33% in the current quarter. As impressive as that move is, Canopy would need to roughly quadruple to get back to its 2018 high. Source: Shutterstock Over the near-term, asking Canopy or
Those who follow me know that I am long-term bullish on the cannabis space. But that does not mean I am bullish on every stock in the industry, like Tilray (NASDAQ:TLRY). While TLRY stock has done a great job bouncing off the 2020 lows, that alone does not mean it’s a buy. Source: Jarretera /
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with
The stock market rally after the novel coronavirus selloff has been stellar. Besides expansionary monetary policies, strong fundamentals have triggered the rally for several stocks and industries. And in particular, tech stocks have been on fire. In fact, it’s the big names in the technology sector that have continued to deliver strong numbers. Innovation-driven business
Shares of hybrid truck design and manufacturing company Nikola (NASDAQ:NKLA) have settled somewhat after going on a massive bull run fueled by short-term speculation after a reverse merger with VectoIQ. Nikola stock shot up 86% to reach a record high of $93.99 per share, but shares have cratered since then. Although it’s down by a fair
Most new businesses start out as sole proprietorships. This is the simplest form of ownership for a sole owner and requires little more than a tax ID number. However, when there are concerns over taxation or liability issues, or when the business has multiple owners, other organization types should be considered. Which organization type is
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The VIX is known as the fear index because it is based on the amount of puts that are purchased. Why? -The more puts that are purchased on the SP500, the higher the VIX -When puts are high that means people are buying protection -They think the market is going down High v. Low VIX
Kevin Matras goes over a unique way to show why buying more time on options is usually the better value.
CNBC’s Jim Cramer said Thursday he’s grown worried about the stock market’s ability to continue its robust rally from the coronavirus-driven bottom. “I’m feeling uncertain here after a very big run, fourth quarter 1999-like,” Cramer said on “Squawk Box,” a reference to the run-up in equity prices that preceded the 2000 dot-com bubble bust. Cramer’s comments came after
People are walking by the New York Stock Exchange (NYSE) building during Covid-19 pandemic in New York on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp
2020 has been a difficulty year so far for most travel and leisure-related companies. And in the first half, among the biggest casualties of the coronavirus pandemic have been hotel stocks. By the end of March, shares in a wide range of hotels hit multi-year lows. Since then, to the delight of market participants, many