When it comes to gambling, they say, “the house always wins.” But that hasn’t been the case with DraftKings (NASDAQ:DKNG) and DKNG stock. The i-gaming and online sportsbook operator has captured a large share of the fast-growing U.S. internet gambling market. Source: Tada Images / Shutterstock.com The problem is that it spends around $2.83 on expenses
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EVgo, Inc. (NASDAQ:EVGO) operates a direct current (DC) fast-charging network for electric vehicles (EVs) in the United States. The focus is on fast chargers, which gives it a different business strategy than its competitors. Is this a smart move to gain an economic moat in the race towards electrification of mobility? It might be reflected
Editor’s Note: This article is regularly updated to bring you relevant, up-to-date information. It’s that time in earnings season when we’re getting down near the bottom of the barrel. With 95% of S&P 500 companies having reported results for the fourth quarter of 2021, the season for earnings reports is coming to a conclusion. We’re
In this article MSCI Traders work on the floor of the New York Stock Exchangeon March 04, 2022 in New York City. Spencer Platt | Getty Images Exchange traded funds that track Russian stocks fell dramatically this week and face an uncertain future as the war in Ukraine has led to Russia being increasingly isolated
Shoppers wearing face masks leave a Costco wholesale store in Washington, D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Costco — The stock dipped 3.3% midday despite a better-than-expected quarterly report. The retailer reported earnings of $2.92 per share on revenue of $51.9 billion.
Nio (NYSE:NIO) had an incredible 2021, posting record-high deliveries. Despite its stellar performance, NIO stock has had a forgettable year, losing 45% in the last three months. It has taken a hammering in line with the recent correction in the tech sector. After a momentous run at the market, NIO stock has taken a much-needed
On Jan. 26, Intel Corporation (NASDAQ:INTC) raised its dividend per share (DPS) by 5% when it announced fourth-quarter (Q4) and 2021 earnings. As a result, I wrote on Feb. 3, a month ago, that INTC stock was undervalued by at least 19%. This was because it was trading at $49.51 on Feb. 3. Source: Kate Krav-Rude
Embattled theatre chain operator AMC Entertainment (NYSE:AMC) stock has picked up in the past month. A lot had to do with its somewhat encouraging preliminary fourth-quarter results. Source: Helen89 / Shutterstock.com It’s now released its final fourth-quarter earnings results, which are nothing to feel joyful about despite showing progress. AMC stock continues to trade at
Is a training mentor necessary for success? The short answer? It’s up to you. Working with a mentor/coach can help push you to the next level. Your mentor will know where you need to go next to continue on your road to success. When you’re a beginner trader, it can be hard to tell what
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U.S. payrolls added 678,000 hires last month, far surpassing estimates, as unemployment fell to 3.8% on “widespread” gains, the Labor Department said in its monthly jobs report. That number easily beat the 423,000 estimated by economists in a Bloomberg News survey, who had also expected a 3.9% unemployment rate. Labor’s Bureau of Labor Statistics said
(Click here to subscribe to the Delivering Alpha newsletter.) Software has been one of the worst-performing sectors this year amid a rising rate environment and geopolitical tensions overseas. This comes as no shock to Orlando Bravo who helms tech-focused private equity firm Thoma Bravo. He says the mantra of ‘growth at all costs’ is over and that
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy pace in February and wages gains were strong. The February employment report, released at 8:30 a.m. Friday, is
The last six-months have been gloomy for Block (NYSE:SQ) stock. During this period, SQ stock has plummeted by 55% in the last year. The good news is that the correction is not limited to SQ stock. In the last six-months, PayPal (NASDAQ:PYPL) stock has corrected by 64%. Source: Sergei Elagin / Shutterstock Further, the Global
Cassava Sciences (NASDAQ:SAVA) is a clinical-stage biotechnology company trying to fight and cure Alzheimer’s disease. Its laudable mission is “to detect and treat Alzheimer’s disease.” The “mission” of SAVA stock, on the other hand, is unclear. Source: Pavel Kapysh / Shutterstock.com Since 2016, this biotechnology company has had no revenue at all. None. This is a
Digital World Acquisition Corp (NASDAQ:DWAC) has been on a steady rise recently due to the launch of the Truth Social network. DWAC is merging with Trump Media and Technology Group (TMTG). The companies expect to complete the merger in the first quarter of this year, at which point DWAC shareholders will become shareholders of TMTG.
Billionaire Warren Buffett says he drinks five Cokes a day. Bloomberg | Getty Images Warren Buffett’s recent success from his massive Apple bet is spurring comparisons with the legend’s greatest investment of all time — Coca-Cola. Berkshire Hathaway began buying Apple’s stock in 2016 and amassed a 5% ownership of the iPhone maker by mid-2018 with
An employee brings a television to a customer’s car at a Best Buy store in Orlando, Florida. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Best Buy — The retail stock jumped 8% after the company announced it was raising its quarterly dividend by 26%. The move
Agriculture stocks have been in the limelight in recent months. Due to supply chain problems, increasing energy costs, and rising global demand, food prices continue to soar. Moreover, economists suggest that food prices will remain elevated throughout 2022, further fueling inflation. In January, food inflation in the U.S. hit 6.7%, the highest number we have seen
There are times in the markets when valuation of a particular stock defies logic. It can be in a phase of euphoria or in a bear market for the stock. A classic example seems like AT&T (NYSE:T). T stock has been in a long-term downtrend and currently trades just above $23.50. Source: Roman Tiraspolsky /
Evidence strongly indicates that the Chinese government is continuing to intentionally harm Alibaba (NYSE:BABA). Meanwhile, the company’s recently released third-quarter results for BABA stock were uninspiring. Source: Nopparat Khokthong / Shutterstock.com Its cloud business, after existing many years, is still losing money. Given all of these points, I remain bearish on BABA stock. Indeed, I
Palo Alto Networks (NASDAQ:PANW) stock is up 4.4% for 2022, mainly thanks to a stellar earnings release. The company said it earned $185 million, $1.74 per fully diluted share, on revenue of $1.3 billion for the December quarter, the second of its 2022 fiscal year. Net income was up 20% over the previous year, and
The semiconductor sector is ripe with buying opportunities after the recent market dip and this earnings season should generate some robust springboard price-action for well-positioned chip stocks. The Ticker List: TSMC (TSM): 0:45 VanEck Semiconductor ETF (SMH): 2:05 Qualcomm (QCOM): 3:14 Synopsys (SNPS): 3:55 Lam Research (LRCX): 4:54 ACM Research (ACMR): 5:39 Visit our website:
Moody’s cut Russia’s credit six notches as it expects “sustained disruption to the economy” as a result of global sanctions against the country after it invaded Ukraine. Russia’s stock market remained closed. U.S. stocks are higher after yesterday’s surge that came in the wake of Federal Reserve Chair Jerome Powell’s congressional testimony signaling a Fed rate increase would
Charge Point EV stations Source: Charge Point Check out the companies making headlines in after-hours trading: Snowflake — Snowflake shares dropped 25% in extended trading after the company showed the slowest revenue growth during the fourth quarter since at least 2019. The company reported $383.8 million in revenue, compared with the $372.6 million analysts surveyed
It’s been a long, bumpy road for investors of Chinese electric vehicle (EV) maker Nio (NYSE:NIO) over the past half-year. It seems like every time NIO stock pops, the sellers come rushing in to push the price back down. Source: Sundry Photography / Shutterstock.com This is undoubtedly frustrating for EV market enthusiasts who believed that Nio would be
Lumen Technologies (NYSE:LUMN) stock has fallen over 28% in the past nine months. The telecom company’s most recent plunge comes after reporting its underwhelming fourth-quarter results. Source: Shutterstock Moreover, investors fear a potential dividend cut, despite its management’s relentless commitment. Consequently, LUMN stock now trades at a throw-away valuation. LUMN stock hasn’t performed too well at
There really isn’t any good news in relation to DiDi Global (NYSE:DIDI) stock. Bottom fishers could concoct some sort of bullish thesis about the beaten down Chinese ride share stock in an effort to convince investors to get on board. That might convince a little bit of capital to rush into the shares. But at
Based in Singapore, Sea Limited (NYSE:SE) operates e-commerce websites for countries in Southeast Asia and Taiwan. Plus, the company offers online video games in Latin America and Southeast Asia. Therefore, international tech market investors might consider a position in SE stock. Source: Postmodern Studio / Shutterstock.com Just as a Bollywood movie is typically rife with action and
In this article DKNG FSLR F CRM JWN Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom — Shares of the department store rallied a whopping 39% after the company reported better-than-expected profits and sales for the holiday quarter. The