A pint of Oatly brand ice cream is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bank of America — Shares of the banking giant fell 3.7% after reporting quarterly
In this article MS AMC Check out the companies making headlines before the bell: Morgan Stanley (MS) – Morgan Stanley beat estimates by 20 cents with second-quarter earnings of $1.85 per share, while revenue topped forecasts as well, helped by an acceleration in investment banking activity. Despite the beat, Morgan Stanley shares fell 1.6% in
In the coming years, quantum computing stocks are likely to become very lucrative. If you’re unfamiliar with the technology, these computers use quantum mechanics to create multidimensional spaces and solve complex problems. As a result, quantum computers are significantly faster than traditional computers. Quantum computing is a relatively nascent technology, but it holds a lot
Apple (NASDAQ:AAPL) is set to release its earnings for the quarter ending June on July 27. Based on its powerful free cash flow (FCF) in the last six months, look for AAPL stock to rise 30% over the next year. That sets its target value at $187.58, based on its closing price of $144.50 on
Ever since Virgin Galactic (NYSE:SPCE) shot Richard Branson into space on the first-ever commercial space flight, SPCE stock has been anything but stellar. Despite the successful flight, the stock is currently trading down around $35 on other news. Make no mistake, there’s no lack of excitement over Virgin Galactic’s space tourism business. The market is very
Adobe (NASDAQ:ADBE) is a popular application software company with powerful free cash flow (FCF) generating capability. In fact, it’s now clear that its FCF is so robust that we can project out the value of ADBE stock using its FCF yield. Source: r.classen / Shutterstock.com The problem is, though, that ADBE stock is close to a
Pinterest (NYSE:PINS) is a popular social media company with huge free cash flow (FCF). I wrote about the stock last month when it produced a huge 55% first-quarter FCF margin. At the time, I said that PINS stock was worth $79.95, 25% more than its price at the time. But the stock rose 15% to
Chinese electric vehicle (EV) maker Nio (NYSE:NIO) is doing all the right things, and its stock is responding positively. In June, the price of NIO stock rose 25% to $53.20 as the company reported one positive development after another. Source: Robert Way / Shutterstock.com This was a welcome turnaround for the Shanghai-based company’s stock after months
Focusing on additive manufacturing (AM) of electronics, Nano Dimension (NASDAQ:NNDM) specializes in fast prototyping capabilities, helping client companies meet tight production deadlines while delivering cost savings. What’s more, NNDM stock is actually fundamentally relevant without the social media furor surrounding it. Still, an extra tailwind never hurt. Source: Spyro the Dragon / Shutterstock.com In this
I would have been worried if the big rally in electric vehicle stocks sustained well into 2021. It seemed that EV stocks were in a bubble territory. NIO (NYSE:NIO) stock touched a high of $66.99 in February. Source: Sundry Photography / Shutterstock.com However, significant profit taking and concerns related to chip shortage resulted in a
One of the key observations about asset markets is that there is always a bull-run in some stocks or sectors, irrespective of economic conditions or other headwinds. Even during the novel coronavirus pandemic, there were dozens of stocks to buy that delivered multi-fold returns. In particular, sectors like at-home entertainment, gaming, e-commerce and pharmaceuticals benefited
The times they are a-changing, folks. Ten years ago, the only so-called “drugs” you could legally take in public were alcohol and tobacco. Over the past decade, marijuana got added to that list across a variety of states in America as well as multiple countries across the globe, including Canada and Mexico. And just last
Global oil consumption is recovering from the pandemic, which has driven oil prices higher, with Brent crude rising over $70 per barrel. This rally will greatly benefit oil producers, especially oil stocks from the global majors that rely more heavily on the price of oil. In addition, several top oil stocks pay high dividend yields
Exxon Mobil (NYSE:XOM) stock looks like it is significantly undervalued at today’s price. On July 8, it closed at $60.14, but XOM stock has a very attractive valuation. For example, it sports a very healthy 5.76% dividend yield and trades for just 16 times this year’s forecast earnings. Source: Jonathan Weiss / Shutterstock.com My valuation
In most cases, taking longshot bets in the market don’t pan out. However, for those brave contrarians that bought publicly traded securities during the initial onslaught of the novel coronavirus pandemic, they managed to accrue incredible profitability. Many onlookers quickly followed with their own money, making the case for buying super-safe dividend stocks less appealing
The U.S. may be on the verge of a major infrastructure spending plan, and a looming infrastructure bill could be a major boost to the nation’s infrastructure stocks. Infrastructure across the country is in need of repair. Investors should always be on the hunt for potential growth catalysts. Indeed, one potential catalyst is underway today
The most famous expression in advertising is probably, “Advertisers go where the eyeballs are.” The evidence suggests that this principle remains as true in 2021 as it was in 2001, 1981 and 1961. And that’s bad news for the owners of Skillz (NYSE:SKLZ) stock. Source: NYCStock / Shutterstock.com That’s because Skillz, a platform that enables
For a few weeks, Reddit’s r/WallStreetBets kept the buying pressure strong on AMC Entertainment (NYSE:AMC) stock. But when the Nasdaq started to lose momentum late last week, AMC stock started to lose its hold on the $60 level. Source: QualityHD / Shutterstock.com Short interest, an indicator of bearishness, is at 16.6%. The more shares fall,
Call them sucker stocks, stocks to avoid or whatever you’d like. Regardless of how they’re categorized, there are some companies investors should stay far away from right now. A few of the companies on this list look bad because of the pandemic. Some weak electric vehicle (EV) companies also make an appearance, along with some
Nio (NYSE:NIO) has had one of the most incredible turnarounds in recent memory. The company’s initial public offering (IPO) was priced at $6 per share, and NIO stock stayed in the single digits following the IPO. Source: Sundry Photography / Shutterstock.com While Nio made a decent case about being able to beat Tesla (NASDAQ:TSLA) in