My view of IBM (NYSE:IBM) stock is quite mixed right now. The tech giant’s cloud business has rebounded under its new CEO, Arvind Krishna, but my positive thesis on IBM stock has a second component: the strong management and sales skills of Jim Whitehurst, the former CEO of the highly successful start-up Red Hat. Source:
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David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology
In this article EA JPM GS CAG PEP BA Boeing employees walk by a new Boeing 737-900 at Boeing Field in Seattle Thursday, July 15, 2004. Barry Sweet | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of Boeing fell more than 3%. The plane maker cut production
ExxonMobil (NYSE:XOM) stock has become a battleground. Activists, not traders, are doing most of the battling. Source: Harry Green / Shutterstock.com Activist investors, including plucky hedge fund Engine No. 1 have demanded (and won) multiple seats on ExxonMobil’s board of directors. These activists claim that Exxon hasn’t done enough to fight climate change and carry
For a few weeks, Reddit’s r/WallStreetBets kept the buying pressure strong on AMC Entertainment (NYSE:AMC) stock. But when the Nasdaq started to lose momentum late last week, AMC stock started to lose its hold on the $60 level. Source: QualityHD / Shutterstock.com Short interest, an indicator of bearishness, is at 16.6%. The more shares fall,
Marin Software (NASDAQ:MRIN) does not engage in deceptive advertising. But its success is deceptive. That’s why MRIN stock has become the latest meme target on Reddit. Source: Gil C / Shutterstock.com Small traders on r/WallStreetBets target stocks that seem to have life but whose results are lacking. That’s what Gamestop (NYSE:GME), AMC Entertainment (NYSE:AMC), Clover
In this article SPCE NASA Administrator Bill Nelson on Monday commended Virgin Galactic founder Richard Branson after he traveled to the edge of space as a passenger on his company’s VSS Unity spacecraft. “We put up Alan Shepard and Gus Grissom into suborbit 60 years ago, and now we’ve come to this, and I think
Traders on the floor of the New York Stock Exchange. Source: NYSE Earnings season begins with two major tailwinds: sky high prices and sky-high expectations. On paper, second quarter earnings looks like the mother of all earnings reports, with estimates having risen steadily for the past six months, from expected 45% growth in January to
In this article SPCE JWN CAKE Virgin Galactic Founder Sir Richard Branson demonstrates a spacewear system, designed for Virgin Galactic astronauts, at an event October 16, 2019 in Yonkers, New York. Don Emmert | AFP | Getty Images Take a look at some of the biggest movers in the premarket. Virgin Galactic — Shares of
Oracle (NYSE:ORCL) stock looks even more undervalued than it did in April. At the time, I said this cloud software company was worth at least 30% more than its April 14 price of $76.78. That put the value of ORCL stock at about $100 per share. Today, with its Q4 free cash flow (FCF) up 19%
Since I last wrote about Churchill Capital Corp IV (NYSE:CCIV) stock, much water has passed under the bridge. Source: gg_photography / Shutterstock.com We are ten days away from the inevitable merger of the SPAC with electric vehicle manufacturer Lucid Motors. Due to the previous delays of the merger, CCIV stock lost steam during the pre-merger
To say that the COVID-19 pandemic has affected just about every aspect of our lives would be an understatement. Though not as horrific as its effect on people’s health and finances, the impact on travel and the travel industry has been unprecedented. As travel restrictions in the U.S. and some parts of the world ease
The short-squeeze rally in meme stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) is poised to go down in financial history books in terms of shareholder gains. However, a short squeeze is only a temporary phenomenon if the underlying business lacks solid fundamentals. This would be true even for GameStop and AMC if their sky-high
Art at the cryptocurrency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami on June 4, 2021. Marco Bello | AFP | Getty Images Cryptocurrencies are in a summer slump as they navigate a two-month correction period following a string of negative stories. Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance
In this article COF TROW RCL CCL GS CAKE Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic — Shares of Virgin Galactic were down 14%
Cryptocurrencies are crashing. Throughout the 2010s, cryptos – and, more specifically, Bitcoin – dominated the financial markets as the best-performing asset class, year-in and year-out. Bitcoin was the best-performing asset class in 2011, 2012, 2013, 2015, 2016, 2017, 2019, and 2020… so, every single year, except for 2014 and 2018. From 2011 to 2021, the
Marin Software (NASDAQ:MRIN) stock has been on a roller coaster ride for the past several weeks. On June 16, it was at $1.64 per share, but then it shot up to $24.14 by July 6. It closed last week at $17.36, sporting a $190.4 million market capitalization. MRIN stock cannot sustain this valuation. The stock
Clean Energy Fuels (NASDAQ:CLNE) stock has a long and not all that successful history. Source: ZikG / Shutterstock.com Famed energy investor Boone Pickens launched the company way back in 1997 as Pickens Fuel. It rebranded in 2001 to its current name, Clean Energy Fuels and it trades as CLNE stock on the Nasdaq. Pickens passed
(Click here to subscribe to the new Delivering Alpha newsletter.) Climate change has been one of the biggest topics of 2021, but private capital specifically, is still in a very nascent stage in making progress in this space. TPG’s Executive Chairman Jim Coulter is raising one of the very few climate funds in existence. Here he is
The U.S. may be on the verge of a major infrastructure spending plan, and a looming infrastructure bill could be a major boost to the nation’s infrastructure stocks. Infrastructure across the country is in need of repair. Investors should always be on the hunt for potential growth catalysts. Indeed, one potential catalyst is underway today
When it comes to investing in growth stocks, you have to keep in mind that innovation is what matters. It seems obvious, but it’s easy to lose sight of the fact that innovation creates compelling new products and services, which drives the growth at companies like Square (NYSE:SQ). And when it comes to innovation, Square has
After an impressive run in this year’s first half, the stock of cryptocurrency mining company Marathon Digital Holdings (NASDAQ:MARA) stock looks to now be played out. Source: Shutterstock The company specializes in mining Bitcoin (CCC:BTC-USD) and other cryptocurrencies by solving cryptographic equations with ultra-powerful computers has enjoyed a spectacular run in the past six months. Year-to-date,
Smartphones are a necessity for many people, but purchasing one outright can be costly. As of 2020 the average cost for premium smartphone models topped $1,000, though the global average smartphone selling price in 2021 is only $363. Financing the purchase of a smartphone may seem like the better option when cash is tight, and
Covid-19’s disruptive influence wasn’t limited to publicly traded securities already trading on the market. The schedule for initial public offerings, or IPOs, was also thrown for a loop. However, a dramatic decrease in Covid cases set the stage for a rush of new stocks. To understand the dynamics of IPOs, I highly recommend reading books
An employee of the Internet company Facebook walks through the courtyard of the company campus in Menlo Park, California. Christoph Dernbach | picture alliance | Getty Images When Wall Street analysts take a more bullish stance on a particular stock, it could mean that the name is undervalued and has room to run. The stocks
A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Take a look at some of the biggest movers in the premarket. Devon Energy, Occidental Petroleum — Energy stocks were set to gain as oil prices rose. Devon Energy advanced 3% in premarket trading,
Virgin Galactic (NYSE:SPCE) stock is firing on all cylinders. The space tourism company is inching closer toward taking passengers on its commercial flights, and wealthy individuals are ready to book their seats. SPCE stock has soared since the last successful test flight, and its momentum is unlikely to slow down. Source: Christopher Penler / Shutterstock.com SPCE
As seen from booming travel numbers over the July 4 holiday, it’s clear that it’s not just hype that’s fueled a reopening rally for travel stocks. After getting hammered at the onset of the Covid-19 pandemic, major stocks in the airline, casino, cruise line, and hotel industries have bounced back tremendously from their lows. Things
One of the key questions in the Wendy’s (NASDAQ:WEN) growth story is: How does it compare to the historical McDonalds (NYSE:MCD) growth trajectory? And can it ever duplicate that growth? These are questions that investors in WEN stock want to know. Source: Jonathan Weiss / Shutterstock.com Let’s take a look at the numbers. McDonalds has
In this article BAC DIDI GOOGL A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square. Brendan McDermid | Reuters Take a look at some of the biggest movers in the premarket: Bank of America (BAC), JPMorgan (JPM) – Bank stocks were under pressure on