Amazon (NASDAQ:AMZN) stock has been in a sort of free fall for the past several months. I suspect that it may be at a point where investors can begin accumulating it. One reason is that I foresee that AMZN stock will stage a rebound sometime this quarter or in the spring. Source: BigTunaOnline / Shutterstock.com
Jeffrey Smith, chief executive officer and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images 2021 was a busy year for activist funds, with notable investors including Starboard Value, JANA Partners and Carl Icahn pushing for meaningful change at an array of companies. In all, activist shareholders embarked on
In this article LVS C JPM DPZ SHW Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump more than 11% and 7%, respectively, after the Macau government said the number of casinos allowed to operate there would
Grab Holdings (NASDAQ:GRAB) is a delivery, e-commerce, and fintech company that’s focused on various Southeast Asian markets. The company came public via a special purpose acquisition company (SPAC). Specifically, it merged with a SPAC named Altimeter Growth Corp recently and changed its ticker symbol to “GRAB.” Source: Twinsterphoto / Shutterstock.com GRAB stock has not gotten
Chinese automaker Nio (NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO stock is down 50% in the past year. Source: Andy Feng / Shutterstock.com Maybe that’s because in the past several months, the company’s sales growth and financial results haven’t been
Chinese premium electric vehicle (EV) maker Nio (NYSE:NIO) hasn’t had a smooth 2021. NIO stock was once trading at the highs of $60 and is down to $30 today. Nothing has gone wrong with the company but the overall investor sentiment has led to the sell-off. There are also several concerns associated with Chinese regulations and
In this article C JPM JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Banks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force central banks
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2021. Brendan McDermid | Reuters Market focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks over tech names. The earnings period could test a
DraftKings (NASDAQ:DKNG) has been in a free fall since peaking on Sep. 9. at $63.67 per share. As of Jan. 13, it was down to $24.24 per share. This means that DKNG stock is below the price of $27.47 where it closed at the end of 2021. Source: Postmodern Studio / Shutterstock.com So, in effect, the
Investors surely had dreams of Virgin Galactic (NYSE:SPCE) stock going “to the moon” after Sir Richard Branson’s historic space flight last summer. They’ve been sorely disappointed. SPCE stock is down 80% since Branson became the first of the billionaire space company founders to take his own craft to outer space. Source: Christopher Penler / Shutterstock.com
U.S. equity markets rebounded this week with the Nasdaq and S&P 500 leading the gains as investors focused on more strong earnings reports and hopes that corporate profits will continue to expand in the third and fourth quarters. Those profits will be challenged by uncertainty around the delta variant and the impact it could have
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Novavax (NASDAQ:NVAX), the Gaithersburg, Maryland-based biotech company, still has not submitted its Covid-19 vaccine for emergency use approval (EUA) to the Food and Drug Administration (FDA). The company says it will do so by the end of January. But the market is skeptical and is still waiting to see when the EUA will happen. As
In this article JPM JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $3.01 per share,
In this article DIS SAM BLK JPM WFC SHW Check out the companies making headlines before the bell: BlackRock (BLK) – BlackRock earned an adjusted $10.42 per share for the fourth quarter, beating the consensus estimate of $10.16, although revenue for the asset manager was slightly below forecasts. Assets under management rose above the $10
ContextLogic (NASDAQ:WISH) stock has fallen dramatically since my last article on Dec. 16 and also on June 18. I have been deeply skeptical of WISH stock and tried to warn readers that the stock was likely to fall. And today, I believe that its decline is still likely to continue. Source: sdx15 / Shutterstock.com On Dec.
For the past two months, Palantir Technologies (NYSE:PLTR) has been in sell-off mode. Due to disappointing earnings, plus the cycling out of tech growth stocks ahead of planned rate hikes, PLTR stock has dropped from around $26.75 per share to around $16.75 per share. Source: Ascannio / Shutterstock.com Bouncing back in recent days, after falling down to
I’ve had my eye on Nio (NYSE:NIO) for a while now. I first bought NIO stock in June 2020 when it was less than $8 per share. I sold a little more than a year later when it was close to $50. Source: xiaorui / Shutterstock.com Sure, Nio was already off its all-time high at
In this article .SPX FB GOOGL AAPL Getty Images There has been tremendous focus on how significant a small number of stocks were to the S&P 500‘s nearly 29% total return in 2021. Perhaps this typifies sour grapes, as most active managers underperformed the S&P 500 last year. Witnessing the top contributors — Apple, Microsoft,
In this article DAL KBH F Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford — Shares jumped about 4% as the automaker’s market cap topped $100 billion for