U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, January 8, 2021. Kevin Lamarque | Reuters President-elect Joe Biden moves into the White House in the coming week with the biggest stock market tailwind since a presidential Election Day going back to at
Working for a hedge fund is one of the most appealing career paths for budding finance types. Hedge funds are much less regulated than other investment vehicles, like mutual funds; in fact, their style and inner workings tend to be a bit opaque. While they may be used to leverage or reduce risk, hedge funds
Introduction to the Zacks Rank and how using it can help you become a better investor.
Investors chasing possible vaccine stocks might be puzzled by the market’s treatment of Pfizer (NASDAQ:PFE) and wondering why Pfizer stock isn’t trading higher. Source: Manuel Esteban / Shutterstock.com After all, the New York-based multinational pharmaceutical giant (and its German partner) gained prominence in the battle against the novel coronavirus with an innovative vaccine that apparently
Last month’s malfunction of a Virgin Galactic (NYSE:SPCE) space vehicle made me meaningfully more bearish on SPCE stock. Given the high risks facing the company and the shares’ elevated valuation, I continue to recommend that investors sell the shares. Source: Tun Pichitanon / Shutterstock.com In a column last March, I warned that “it’s impossible to
Over the past 12 months, investor optimism toward electric and autonomous vehicles has expanded from manufacturers to suppliers. Among those suppliers, Luminar Technologies (NASDAQ:LAZR) stock has perhaps the most intriguing story. Source: Olivier Le Moal / Shutterstock.com To be sure, LAZR stock isn’t cheap. At a current price of $31, Luminar has a market capitalization
As you likely know, pot stocks are back in style. With the “blue wave” in Georgia, the Democratic Party now adds control of Congress atop its Presidential victory in November. This bodes well for Sundial Growers (NASDAQ:SNDL). Why? The election results greatly improve the chances that marijuana is legalized on the U.S. Federal level. That
David Tepper David Orrell | CNBC CNBC’s Jim Cramer said Friday that hedge fund legend David Tepper has a more positive view on the stock market, with coronavirus vaccines getting rolled out across the U.S. and the Federal Reserve staying accommodative. Investors should take note of the Tepper’s current outlook, Cramer said, given that the Appaloosa
Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the
In past columns about Palantir stock, I’ve noted in general terms that Palantir Technologies (NYSE:PLTR) actually has many competitors. More specifically, I’ve noted that there are multiple government-focused systems integrators, which, like the Denver-based firm, help government agencies develop conclusions from data. And I’ve also pointed out that multiple tech companies also provide data-analysis tools.
Shares of plant-based meat maker Beyond Meat (NASDAQ:BYND) perked up on Thursday after fast-food chain Taco Bell announced that it will be launching a new plant-based protein with Beyond Meat in 2021. BYND stock jumped more than 10% on the news. Source: calimedia / Shutterstock.com Zooming out, the Taco Bell-Beyond Meat partnership simply underscores why
My coworkers laugh at me almost every time I talk about it, but I’m telling you right now … Source: General Motors Get ready for flying cars. I’ll pause for a moment if you also want to laugh, but I’m 100% serious. And remember you heard it here first. Because … At the 2021 Consumer
After years in development, Jeff Bezos’ private space company Blue Origin aims to carry its first passengers on a ride to the edge of space in a few months. Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule. Called NS-14, the successful test flight featured the debut of
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop is jumping once again in premarket trading after surging the past three days in what some analysts are calling a short squeeze. The video game retailer’s stock was up more than 57% in Wednesday’s session alone. The stock is
Trading volatility is nothing new for options traders. After all, most of them rely heavily on volatility information to choose their trades. The Chicago Board Options Exchange (CBOE) Volatility Index, with its ticker symbol VIX, has been popular among traders since its introduction in 1993. Option traders once used regular equity or index options to
Kevin Matras goes over a neutral option strategy that you put on as a credit in your account. Find out now how an Iron Condor strategy works.
New year, same old overpriced electric vehicle (EV) stocks. After a mammoth 2020, investors were hoping for some relief. Unfortunately, that doesn’t seem likely. Meanwhile Nio (NYSE:NIO) has seen its stock maintain the positive momentum as well, climbing 30.6% in one month. Source: Carrie Fereday / Shutterstock.com That momentum is puzzling since several negative news
XL Fleet (NYSE:XL) closed its SPAC (special purpose acquisition company) merger on Dec. 22 and now XL stock looks to be worth at least 70% more. Source: Pasuwan/ShutterStock.com As of Jan. 11, the stock was at $20.72 and by my calculations, it is worth at least 70% more at $35.28. This article will show how
If someone wanted to prove that not every initial public offering in 2020 was an immediate success, they would only need to point to the ContextLogic (NASDAQ:WISH) IPO and the subsequent price performance of WISH stock. Source: sdx15 / Shutterstock.com As the stock ticker symbol implies, ContextLogic is the parent company of Wish. Since Wish
Mykola Tys/ | LightRocket | Getty Images Grayscale saw its assets under management skyrocket as Wall Street used it as a proxy to invest in bitcoin. The New York-based investment firm kicked off last year with $2 billion in assets and ended with more than $20.2 billion. That 900% increase was driven by demand from
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. Kevin Lemarque | Reuters Joe Biden’s inauguration next week is expected to usher in a more traditional and normal presidency, and the stock market could continue to climb, but perhaps
It’s no shock that the enthusiasm for electric vehicle stocks continues. The “blue wave” election results out of Georgia may mean a more aggressive pivot towards electrification of cars and trucks. But, even that may not be enough to sustain Switchback Energy (NYSE:SBE) stock at its current price levels. Source: Michael Vi / Shutterstock.com With
Coming into December, Lemonade (NYSE:LMND) had been doing well. However, now even the bulls are surprised by the way LMND stock has erupted. Source: Stephanie L Sanchez / Shutterstock.com All of a sudden, the market has woken up to just how great of a business Lemonade is. That’s because — while the insurance business can
What if I told you that you could retire… On a single $2 stock. You’d probably say I was crazy. But today I’d like to share a new investment opportunity with you…. One with the potential to transform a tiny initial stake into a small fortune. My name is Matt McCall. I’ve spent the last
The first AR1 rocket engine Aerojet Rocketdyne Aerojet Rocketdyne finished building the first in its next-generation AR1 engine series, despite lacking both a customer and plans to test fire it for about two years. The AR1 rocket engine is located at the company’s facility at NASA’s Stennis Space Center in Mississippi – and its completion
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped
Many investors undertake tax-loss harvesting at the end of every tax year. The strategy involves selling stocks, mutual funds, exchange-traded funds (ETFs), and other investments carrying a loss to offset realized gains from other investments. It can have a big tax benefit. But tax-loss harvesting may or may not be the best strategy for all
The question that many analysts and investors are grappling with is whether this is a bubble or a justified “new normal” of heightened valuations?
Restaurants, particularly those dependent on dine-in customers, were punished last year by the novel-coronavirus pandemic. And many such restaurants are still suffering due to the continuing shutdown orders in some states. Even McDonald’s (NYSE:MCD) took its share of Covid-19 lumps, but MCD stock is little-changed over the past year. Source: 8th.creator / Shutterstock.com The company’s
AMC Entertainment (NYSE:AMC) shares are up about 5% so far in the new year. That’s a nice change for investors who watched their AMC stock holdings drop in value by about 70% in 2020. Source: rblfmr / Shutterstock.com However, this mini-rally is unlikely to last. AMC shares were already stuck in a four-year rut and