A child passes by the Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue, NW, on Monday, April 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Members of the Federal Reserve now see two interest rate hikes in 2023, according to the central bank’s so-called dot-plot projections. Wednesday’s forecast showed 13
admin
Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle earned $1.54 per share for its latest quarter, beating the consensus estimate of $1.31 a share. The business software company’s revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its
Nokia (NYSE:NOK), the Finnish telecom company, changed its dividend policy on Mar. 18 with its Capital Markets Day presentation. After having withheld a dividend payment last year even though the company was profitable, it has now decided to “update” its policy. As a result, NOK stock might have a chance of moving significantly higher this
The Social Security Trust Fund is an account managed by the United States Treasury that takes in Social Security payroll taxes from workers and their employers and pays out benefits to Social Security recipients. It invests in securities that are backed by the full faith and credit of the U.S. government. Key Takeaways The Social
For long-term investors, Microsoft (NASDAQ:MSFT) is the gift that keeps on giving. Generations of market participants have bought and held MSFT stock to benefit from the company’s consistent, relatively de-risked growth. Source: NYCStock / Shutterstock.com I’m not going to pretend that Microsoft’s shares are ultra-cheap. As we’ll see, its stock price has appreciated quite a bit.
Fisker (NYSE:FSR) detailed ongoing operating and capital spending plans in its latest Q1 earnings release on May 17. A capital raise looks likely for the electric vehicle (EV) car maker, and likely to wreak havoc on FSR stock, at least until investors have visibility on when, exactly, they can expect Fisker to start producing free
It’s amazing to consider that next-generation Medicare Advantage insurer Clover Health (NASDAQ:CLOV) would become the focus of so much attention. CLOV stock was completely under the radar not too long ago, but things can change quickly in this fast-paced market. Source: Shutterstock As you may recall, Clover Health announced its plans to go public via a merger with
A conceptual rendering of the two ESCAPADE spacecraft in orbit around Mars. Rocket Lab Rocket Lab, which is nearing the close of its SPAC deal to go public, on Tuesday announced it won an early contract that may send two of its Photon spacecraft on a mission to Mars in 2024. NASA, under its Small
In this article STT Traders on the floor of the New York Stock Exchange. Source: NYSE This will be a very tricky Federal Reserve meeting for traders, but it won’t be much easier even after the gathering. Even if the Fed adopts a best-case, stay-the-course-on-tapering-and-rate-hikes scenario at the end of its two-day meeting Wednesday afternoon,
In this article CCL NCLH GM LZB RUN KIN ORCL GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM Check out the companies making headlines
Although growth names almost always attract the most attention on Wall Street, diversification is everything. Even if you’re a young investor with a strong appetite for risk, it never hurts to consider the top dividend stocks. Of course, that’s a bit of a challenge right now because the intense speculation in the market has driven
Fortune favors the bold. Let’s hope fortune favors me when I say that it may be time to bet against Tesla (NASDAQ:TSLA) and go all-in with Lucid Motors (NYSE:CCIV) stock. Full disclosure: We own Tesla in Innovation Investor. How could we not? Elon Musk & Co. are at the forefront of three of the most disruptive
For some strange reason, Reddit’s WallStreetBets embraced the short-squeeze of AMC Entertainment Holdings (NYSE:AMC). While its business is on the cusp of recovering, its earnings will not get anywhere near a level that justifies its valuation. Its market capitalization, which exceeded that of GameStop (NYSE:GME) at the end of last week, is most puzzling. For
It wasn’t long before marijuana was considered a taboo. Emerging science, however, has altered customer perceptions and has paved a path for its legalization. As a result, the global legal marijuana market continues to expand at an impressive rate. Most recently, PSY (NYSEARCA:PSY), the first psychedelic stock ETF, hit the market. In turn, several psychedelic
Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
In this article HRB RBLX LZB ORCL Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018. Smith Collection | Gado | Getty Images Check out the companies making headlines in after-hours trading Tuesday: Oracle — Shares of the software company dipped more than 2% despite Oracle posting better-than-expected
What Is an Impaired Asset? In the United States, assets are considered impaired when the book value, or net carrying value, exceeds expected future cash flows. This occurs if a business spends money on an asset, but changing circumstances caused the purchase to become a net loss. Several acceptable testing methods can identify impaired assets.
In a seismic blow to gun control advocates, Judge Roger Benitez, a nominee to the federal bench under former President George W. Bush, struck down California’s 32-year old assault weapons (AW) ban. Stating that the ArmaLite AR-15 represents “fairly ordinary, popular, modern rifles,” Benitez declared limiting such access to civilians unconstitutional. Naturally, this has huge implications
This latest round of meme-stock mania in Gamestop (NYSE:GME) may be ending fast. GME stock — which began trading divorced of its fundamentals at the start of the year — has fallen around 30% since its Jun. 9 close. Source: Shutterstock / mundissima The renewed enthusiasm in former favorites of Reddit’s r/WallStreetBets subreddit may be
A rapidly improving business is what most investors will see when they look at Canaan (NASDAQ:CAN) and its stock. Investors who dive into its Q1 earnings report will find lots of information indicating the Bitcoin (CCC:BTC-USD) mining machine manufacturer is on an upward trajectory. Source: shutterstock.com/Jarretera I believe that’s generally how investors should look at
CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
In this article DKNG XOM VRM New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Sage Therapeutics — Shares of the drug maker fell about 17% after the release of study results for its
For folks who like to sit on a stock and collect dividends for years, pharmaceutical giant Merck (NYSE:MRK) is a go-to investment. MRK stock is rock-solid: low in volatility and high in market capitalization, it’s appropriate for many risk-averse investors. Source: Atmosphere1 / Shutterstock.com On the other hand, the onset of the Covid-19 pandemic added an
This past week, I told subscribers about the number one meme stock to buy today for a big near-term breakout. I said this stock could end up being the next GameStop… or the next AMC… or the next Clover… all of which managed to soar several hundred percent in a matter of weeks. Since then, that
QuantumScape (NYSE:QS) went from a hot special purpose acquisition company (SPAC) to damaged goods in record time. Back in December, QS stock traded for $130 per share. Just six months later, QuantumScape has lost a crushing 75% of its value. Source: Michael Vi / Shutterstock.com Why did electric vehicle (EV) battery maker QuantumScape power down
In the past month, QuantumScape (NYSE:QS) stock has gone basically nowhere. When I last wrote about QS stock on May 12, it closed at $27.30, but as of June 11, it was at $27.90. But when I began the previous article on May 11, it was at $29.48. In effect, it has actually fallen over
A composite image showing a Falcon 9 rocket booster lifting off and a few minutes later landing back near the launchpad. SpaceX The next SpaceX launch will feature a milestone, as the Pentagon is allowing Elon Musk’s company to send a national security satellite to orbit with a reused rocket for the first time. SpaceX
Check out the companies making headlines before the bell: Novavax (NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading. Lordstown
Stock market liquidity has favored risk-on assets the past year, which has created an opportunity for many high-quality stocks to make a comeback. And while many investors have their eyes on growth stocks and others have gotten caught up in meme stock madness, there are still plenty of great values to be found among dividend
Like any other smart investor, a mutual fund manager uses a variety of technical and fundamental indicators to assess the profitability of a stock before adding it to the fund’s portfolio. However, what really drives fund managers’ stock-picking decisions are the stated goals of the funds they manage. Different mutual funds are designed to achieve