Airbnb (NASDAQ:ABNB) continues to climb, thanks to the general “melt-up” of the stock market. Starting 2021 trading for around $139 per share, Airbnb stock is at $170 per share. Source: BigTunaOnline / Shutterstock.com But, while investors remain enthusiastic about this company, chasing its recent rally may not be the best move. Why? First, valuation. Shares
BlackRock‘s Larry Fink told CNBC on Thursday that he believes the stock market has further room to run higher. However, the chairman and CEO of the world’s largest asset manager cautioned that the rally may not be as robust as it was in the second half of 2020. “I think we’re going to continue to see
Luminar Technologies (NASDAQ:LAZR) is another stock that went public in December 2020 in this SPAC trend. Is the future of transportation autonomous driving? And does this make LAZR stock a buy? Source: Olivier Le Moal / Shutterstock.com The vision of Luminar is too bold. “Luminar’s vision is to make autonomous transportation safe and ubiquitous.” About
Last month, ahead of the release of its novel coronavirus vaccine to combat the coronavirus, Moderna (NASDAQ:MRNA) traded as high as $178.50. Frantic buying and selling rewarded momentum traders. So, when Moderna stock traded in the range of $140 to $165, day-traders locked in gains. Source: Ascannio / Shutterstock.com The heightened volatility did not last.
If you haven’t known it by now, let me just state the obvious: the cryptocurrency market has gone mainstream. Obviously, the biggest news item is bitcoin. After blowing past the psychological resistance barrier of $20,000, it then went on to breach $30,000, then $40,000. In theory, this should help bank stocks as their underlying companies
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.34 a
Families spent $26,226, on average, to pay for college during the 2018-19 school year, according to a 2019 survey by Sallie Mae and market research company Ipsos. More than half of that amount (55%) came from financial aid. From this data, two things are immediately clear—first, college is expensive, and second, paying for it generally
The best way to use the Zacks Rank with Options is to know what style your stock falls into and which strategy best suits that style.
I’ll admit it: I’ve been wrong about Xpeng (NYSE:XPEV) so far. After last year’s initial public offering, I remained a skeptic. Yet XPEV stock has soared. Source: Johnnie Rik / Shutterstock.com Indeed, XPEV stock now has rallied over 350% from its initial public offering price of $15 per ADR (American Depositary Receipt). It’s more than
Hydrogen stocks were some of the biggest winners in 2020. Industry leader Plug Power (NASDAQ:PLUG) saw its stock price rise just shy of 1,000% last year, while shares of FuelCell Energy (NASDAQ:FCEL), Bloom Energy (NYSE:BE), and Ballard Power (NASDAQ:BLDP) all rose more than 225%. These big rallies were driven by – as we’ve discussed at
Big-screen movie theater owner AMC Entertainment (NYSE:AMC) is among the most clear-cut financial victims of the novel coronavirus. With filmgoers opting to play it safe and stay home, AMC stock had horrendous share-price declines. Source: Helen89 / Shutterstock.com And yet, there’s a certain appeal to AMC stock. For instance, the share price was up by 7.5%
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
Check out the companies making headlines in after hours trading. Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at the end of the month.
Last year’s rumors that Alibaba (NYSE:BABA) wouldn’t be hurt too much after a controversy between Jack Ma and the Chinese government may have been too optimistic. With speculation over founder Jack Ma’s whereabouts and rumors of a Chinese nationalization, BABA stock investors have been nervously riding things out for the past month. Source: zhu difeng
Pulling back at the start of 2021, Canoo (NASDAQ:GOEV) stock is bouncing back in a big way. As of this writing, shares are up 30.4% in the pre-market. Why are investors diving back into this SPAC (special purpose acquisition company), which completed its merger with privately-held electric vehicle maker Canoo late last year? Source: Canoo
When it comes to growth stocks, we often look to the tech sector. However, some investors are a little nervous about big technology and social media giants these days. Most of the FAANG stocks are under increasing scrutiny. The prospect of government actions over monopolistic behavior is looming. One way to invest in a big
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $2.62 per share, 2.1% higher than a
An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step
Warren Buffett bought more than $1 billion in Coca-Cola (KO) shares in 1988, an amount that was then equivalent to 6.2% of the company. The purchase made it the single largest position in Buffett’s Berkshire Hathaway’s portfolio at the time. It remains one of Berkshire Hathaway’s biggest holdings today. In a filing in November 2020,
Kevin Matras shows how to calculate a stock’s price target and how to find stocks currently trading below them. Highlighted stocks include DAR, FCS, GLT, GTIV and WMGI.
Ideanomics (NASDAQ:IDEX) stock seems like a potentially huge winner. After all, Ideanomics has positioned itself to grow in both the blockchain and electric vehicle industries. Source: Wright Studio / Shutterstock.com I’m as big a bull on those two sectors as anyone. And so you might expect I’d be a bull on IDEX stock as well.
Tesla (NASDAQ:TSLA) stock found itself in the headlines yet again on Friday, after Wedbush Securities said that the EV maker will top one million deliveries by 2022 and approach 5 million deliveries by 2030. In the note to investors, Wedbush hiked its base price target on TSLA stock to $950 from $715. Source: Grisha Bruev
With society becoming more progressive — a trend well underway before the 2020 election — it was inevitable that cannabis-based products would become all the rage. But cannabis-based investments have become a different story. While the narrative made sense, the relatively low barrier to entry, among other factors, have kept a lid on momentum. Thus,
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products.
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more
Last year was a tale of two halves for dividend equities. Owing to the novel coronavirus pandemic, the first half of 2020 was chock full of payout cuts and suspensions by S&P 500 member firms, but dividends rebounded mightily in the second half of the year, indicating that many of the top stocks for 2021
I get why investors have aggressively bid up “clean energy” stocks like FuelCell Energy (NASDAQ:FCEL). With the incoming President much more favorable to “green” policies than his predecessor, we could see this growing sector and FCEL stock benefit from federal support as well as policy changes. Plus, the business community is continuing to pivot towards
In June 2012, the world changed forever. You probably didn’t even notice. It was in that month’s issue of the Science journal that U.C. Berkeley professor Jennifer Doudna and Umea University professor Emmanuelle Charpentier unveiled what the scientific community has since labeled the “scientific breakthrough of the century.” The breakthrough: CRISPR-Cas9 genetic editing systems. Doudna
Stocks took a breather today heading into the weekend. We all need a break once in a while, right? Source: Shutterstock After President-elect Joe Biden unveiled a plan for an additional $1.9 trillion in stimulus, the market didn’t rally as many had expected. Still, the news was important, and I discuss Biden’s proposal on today’s
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60