Check out the companies making headlines in midday trading. Best Buy — Shares popped nearly 6% after the retailer’s fiscal second-quarter earnings beat on both the top and bottom lines. Adjusted earnings per share came in at $1.22, versus the $1.06 expected from analysts polled by Refintiv. Revenue was $9.58 billion, topping the consensus estimate of
admin
Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
Credit rating agencies assess the creditworthiness of companies and governments and the debt they issue, while credit bureaus provide credit information on individual consumers.
The stock market has primarily been on a tear this year. Year-to-date, the S&P500 and the Nasdaq indices have risen 14.75% and 35.44%, respectively. This expectation-defying capital appreciation was not without its moments of volatility, and, of course, not every sector in the equities market is performing up to par. Some consumer discretionary stocks have been under pressure from rising costs,
AdvisorShares, the company managing the world’s largest hemp exchange-traded fund Poseidon Dynamic Cannabis ETF (NYSEARCA:PSDN), has reported a waning interest in cannabis stocks. The cannabis industry in the U.S. faces harsh realities of supply surplus, declining wholesale prices, stricter regulations, and distribution challenges. However, where crisis dawns for some, opportunities can emerge for others. In
I’m sure it won’t surprise anyone that Nvidia (NASDAQ:NVDA) continues to test 52-week highs. As stocks to buy go, the chipmaker remains on most investors’ watch lists despite hitting an all-time high of $502.66 on Aug. 24 after announcing killer earnings. Nvidia is having considerable success in 2023 — NVDA stock is up 229% year-to-date — but
Look no further if you’re considering stocks to sell since the market rally has taken a breather. After posting historic results in this year’s first half, led by a 30% gain in the tech-heavy Nasdaq index (its best performance in 40 years), all three major U.S. indices are in the red for August. The Dow
Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines before the bell. Oracle — The software giant rose 2.7% after UBS upgraded Oracle to a buy from neutral, saying
Trends come and go in the dynamic realm of investing. However, certain sectors offer more than just fleeting opportunities. Battery stocks are increasingly becoming the linchpin of the modern energy equation, promising technological progress and attractive returns for savvy investors. Hence, every investor wants a piece of the action and is actively looking for battery
Now is a great time to be looking for hydrogen stocks to buy. Hydrogen stocks only continue to gain momentum as the shift toward decarbonization of energy production moves forward. Hydrogen contains roughly three times the energy of a similar amount of gasoline by weight. The combustion of hydrogen emits only water. That simple comparison
As consumer spending has (and continues to) cool, many retail stocks have become heavily sold short. In many cases, these large wagers by the short-seller community (considered to be part of the “smart money”) appear to be shrewd bets. However, in situations where the short side of the trade has become very crowded (i.e. the
With Bitcoin (BTC-USD) prices plunging recently, it makes sense that Coinbase (NASDAQ:COIN) has been under pressure. However, that’s not the only thing weighing on COIN stock. Why? Not one, but two battles are heating up, creating ample uncertainty for the company, and for shares. First, the crypto exchange operator is contending with competition from traditional
During the 2010s, Block (NASDAQ:SQ) stock benefitted as the company innovated itself to the top among America’s transaction processors. Instead of looking for customers through banks or re-sellers, and building a complex system of special deals, Block went directly to merchants. It offered simple pricing, and a dongle that worked on a mobile phone. It
Beer is a complex beverage shaped by supply and demand, production and distribution – with regulation thrown in for that extra kick.
After I spent many years following Wall Street, there are a few characteristics about the “big money” that stand out for me. One of these traits is that many if not most large investors are very reluctant to buy stocks that have a 60%-80% chance of climbing a great deal in the long term but
Although the Federal Reserve isn’t finished with increases in interest rates, the United States economy still remains strong. The Atlanta Fed’s GDPNow forecasting model is pointing to a 5.9% growth rate for real gross domestic product (GDP) in the third quarter, and chief market strategist at Bannockburn Global Forex in New York Marc Chandler states
Investing in biotech stocks is challenging even when you’re investing in established companies with commercially available drugs and expansive pipelines. And investing in up-and-coming biotech stocks is only for the most risk-tolerant investors. When investing in the biotech sector, you’re speculating on future outcomes rather than a company’s financial performance. That’s because in many
Low working capital can be either a sign of financial trouble or an indication of savvy business management. Learn more about how to judge the difference.
Blue-chip stocks have long been “buy and hold” firms with a dominant position in their industry. While they often lack the growth potential of their tech or growth stock peers, they make up for it with stability and reliability. I discuss seven of the top blue-chip stocks to buy below. Blue-Chip Stocks: Berkshire Hathaway (BRK-A,
As a rule of thumb, you should stay away from penny stocks. When you see shares priced near a buck (or even below), there’s usually a reason for it – and not a good one. At the same time, if you want stratospheric returns for a relatively small cash outlay, you’re not going to get