Romeo Power (NYSE:RMO), the LA-based electric battery maker for trucks closed its reverse merger at the end of December and has fallen ever since then. RMO stock is down 44% year-to-date and has dropped 13% in the last month. Source: Shutterstock Apparently, nobody likes it, even though it is in the EV space that the
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A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Scott Eells | Bloomberg | Getty Images Junior investment bankers at Goldman Sachs are suffering burnout from 100-hour work weeks and demanding bosses during a SPAC-fueled boom in deals, according to an internal survey
Traders work on the floor of the New York Stock Exchange. NYSE Are you confused about what is going on in the markets? Traders sure are. “We all got comfortable thinking Covid was done or manageable, and it may turn out to still be a wild card,” Peter Tchir from Academy Securities told me. ”Nobody wants another
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates.
There is probably no company more important to the history of the American South than The Coca-Cola Company (NYSE:KO). But I don’t buy or invest in history. That’s not a reason to be in on KO stock. Source: focal point / Shutterstock.com Today, in 2021, Pepsico (NASDAQ:PEP) is by far the better investment. In fact, Pepsi
Canadian marijuana group Sundial Growers (NASDAQ:SNDL) has recently been in the limelight. SNDL stock, which started 2021 around 50 cents, saw a 52-week high of $3.96 on Feb. 11. Let’s delve into the weeds and take a closer look at the company. Source: Shutterstock Currently, shares are hovering around $1.60. By comparison, the ETFMG Alternative Harvest ETF (NYSEARCA:MJ),
Would you swap out your current gas-powered car for an electric one? Source: Shutterstock How about if the government gave you a “deep” discount on the new car to get you to do it? That’s what Senate Majority Leader Chuck Shumer told The Verge this week that he would like to see included in a
This video shows the Capella-3 satellite’s reflector deployment, using the its boom as a “selfie stick”. The reflector is folded and compact as it reaches space and expands to a 3.5 meter diameter object. Capella Space Satellite imagery specialist Capella Space on Thursday released the first images captured by its two latest spacecraft launched in
A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell on Thursday: FedEx – Shares of the delivery service ticked up 3.6% after the company announced fiscal third-quarter
The semiconductor industry enjoyed an excellent 2020, despite the pandemic. It has come out stronger and continues to enjoy the bullish run. California-based Nvidia (NASDAQ:NVDA) has enjoyed a top position in this industry over the past year. The company sells semiconductor components for artificial intelligence, gaming, automobiles, and data centers. In this article, I’ll outline
In what may be a bellwether for other states, California recently enacted its own extensive COVID-19 emergency rules for business and industry. Issued in late November by the California Occupational Safety & Health Standards Board, the regulations apply to all places of employment except for: Those with employees working at home Those with only one
Despite what the oil bears might think, energy stocks will recover and I’m taking a look at a couple well-positioned for the future.
With so much attention paid these days to penny stocks, I can understand why Ideanomics (NASDAQ:IDEX) might attract a certain kind of speculator. Further, with a “cheap” price tag (it will open today around $3.25) IDEX stock seems to fit the criteria of a solid opportunity. Still, as many of my colleagues warned: When shares
If you’re interested in capitalizing on the burgeoning electric vehicle charging station market, check this out: Special purpose acquisition company (SPAC) Tortoise Acquisition II (NYSE:SNPR) is preparing for its upcoming merger with Volta Industries, and investors can take a position on SNPR stock before the companies combine. Source: Nick Starichenko/InvestorPlace.com Granted, this isn’t the only stock
Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Shares of Plug Power dropped more than 15% during premarket trading on Wednesday after the company said it will restate financial results following accounting errors. In a filing with the Securities and Exchange Commission on Tuesday evening, the fuel cell maker said it will
Take a look at some of the biggest movers in the premarket: Dollar General (DG) – Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62 per share. The company exceeded revenue estimates as comparable-store sales increased more than expected. Signet
It’s fair to say that clinical-stage biopharmaceutical specialist Ocugen (NASDAQ:OCGN) has radically changed its focus. If you own OCGN stock you have to up with the company’s progress as it attempts to advance the development of Covid-19 vaccine candidate Covaxin with partner Bharat Biotech. Source: luchschenF / Shutterstock.com It’s been quite a roller coaster ride, with
3M (NYSE:MMM) stock isn’t for everyone, but if you’re 66, like I am, it’s worth your investment. As I wrote in February MMM stock is a long-term Dividend Aristocrat. It has kept a steadily rising dividend for 62 years. Source: r.classen / Shutterstock.com Since writing that story I’ve bought a few shares for my retirement account.
As the most dominant online advertising player in the world, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) calls the shots. When Google says the rules of the game change, they change. The company’s recent move to end its behavioral targeting policies have been welcome news for privacy advocates. In the eyes of many consumers, this move was a long time
This is big. Two of the top 5 richest men on the planet just placed big bets on a new electric car tech. Bill Gates, who famously founded Microsoft… And Jeff Bezos, the billionaire behind Amazon.com… Are backing a new type of battery technology that is promising to change the world as we know it…
The Federal Reserve building is pictured in Washington on Monday, March 8, 2021. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot plot projections budged little
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters Fed Chairman Jerome Powell soothed markets Wednesday and pushed back
Cyprus-based company Castor Maritime (NASDAQ:CTRM) was founded in 2017 and is known for shipping dry bulk goods internationally via its own vessels. Some traders like to flip CTRM stock for quick gains, evinced by the stock’s heavy daily trading volume. Source: Pavel Kapysh / Shutterstock.com It’s fine to trade the stock for the short term, but
Since the start of the year, investors have been flooding into JPMorgan Chase (NYSE:JPM) stock. Many believe rising inflation and interest rates will soon let JPM stock make more money from its money. Source: Bjorn Bakstad / Shutterstock.com Since the start of 2021, the bank’s stock has risen over 21%. It opened Mar. 16 at
On-balance volume (OBV), creates a running total of positive and negative trading volume for a stock or security. One of the original momentum oscillators, OBV spawns from Joe Granville’s theory that volume precedes price in an instructive, measurable fashion. The formula’s calculation is simple, rising whenever volume on up days is greater than volume on down
Learn more about Preston’s Intrinsic Value Course that teaches you step-by-step how to calculate the intrinsic value of a stock in 18 exclusive videos: https://www.theinvestorspodcast.com/product/intrinsic-value-course/ Watch my other investing courses: Investing Courses & Other Resources: TIP Academy – The Investor’s Podcast Network Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh
Opendoor Technologies (NASDAQ:OPEN) operates a platform for buying and selling residential real estate online under the premise that it can reduce the hassle of buying and selling a house. Thus, an investment in OPEN stock is an investment in real estate tech. Source: PREMIO STOCK/Shutterstock.com Opendoor was brought public in December via a SPAC through
Roblox (NYSE:RBLX), the recent direct listing of the online game and user developer platform, could still be significantly undervalued. I believe that it is possible RBLX stock could be worth 30% more, or $92.02 per share, compared to its price on March 15. Source: Michael Vi / Shutterstock.com Here is how I came up with
Take a look at some of the biggest movers in the premarket: Lands’ End (LE) – The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts’ forecasts. Lands’ End forecast a smaller-than-expected loss for the current quarter and full-year earnings that exceed