It wasn’t long before marijuana was considered a taboo. Emerging science, however, has altered customer perceptions and has paved a path for its legalization. As a result, the global legal marijuana market continues to expand at an impressive rate. Most recently, PSY (NYSEARCA:PSY), the first psychedelic stock ETF, hit the market. In turn, several psychedelic
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CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
In this article HRB RBLX LZB ORCL Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018. Smith Collection | Gado | Getty Images Check out the companies making headlines in after-hours trading Tuesday: Oracle — Shares of the software company dipped more than 2% despite Oracle posting better-than-expected
One of the great China growth stories in recent memory has been Alibaba Group (NYSE:BABA). Since its IPO in September 2014, BABA stock has been the face of Chinese consumer growth and created many billionaires in the process. Source: testing / Shutterstock.com Alibaba has alternately been called the Amazon (NASDAQ:AMZN), Ebay ( NASDAQ:EBAY), Paypal (NASDAQ:PYPL)
For folks who like to sit on a stock and collect dividends for years, pharmaceutical giant Merck (NYSE:MRK) is a go-to investment. MRK stock is rock-solid: low in volatility and high in market capitalization, it’s appropriate for many risk-averse investors. Source: Atmosphere1 / Shutterstock.com On the other hand, the onset of the Covid-19 pandemic added an
For some strange reason, Reddit’s WallStreetBets embraced the short-squeeze of AMC Entertainment Holdings (NYSE:AMC). While its business is on the cusp of recovering, its earnings will not get anywhere near a level that justifies its valuation. Its market capitalization, which exceeded that of GameStop (NYSE:GME) at the end of last week, is most puzzling. For
It seems that GameStop (NYSE:GME) stock shares are finally coming back down to earth. Its recent earnings report contained a fair amount of positive news, but GME stock’s price is still falling. Source: Northfoto / Shutterstock.com There are multiple catalysts for the movement, but it’s best to summarize the downward momentum as a dose of
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: In this lesson, Students learned about the fundamental aspects of preferred stock. Although Preferred shares are a proportional ownership of equity
What is Overhead Supply? It is an area of resistance where there is more supply than you think. Example: If a stock is trading at $50 per share and has done a lot of trading at this level, eventually it will dip back down and may hit $20 per share. Many of the traders at
The Zacks Earnings ESP (Expected Surprise Prediction) Filter lets you search for stocks with the highest probability of positively surprising (or negatively surprising, if that’s what you’re looking for). This proprietary metric has proven to predict earnings surprises with a 70% accuracy. And when the ESP is used with Zacks Rank #1 Strong Buys, #2
There has never been agreement about what should be done to solve the ballooning U.S. debt problem. On one side are those who believe higher tax rates are required to bring in desperately needed revenue. On the other side are those who believe that raising taxes is a bad idea, especially during a recession, and
This past week, I told subscribers about the number one meme stock to buy today for a big near-term breakout. I said this stock could end up being the next GameStop… or the next AMC… or the next Clover… all of which managed to soar several hundred percent in a matter of weeks. Since then, that
QuantumScape (NYSE:QS) went from a hot special purpose acquisition company (SPAC) to damaged goods in record time. Back in December, QS stock traded for $130 per share. Just six months later, QuantumScape has lost a crushing 75% of its value. Source: Michael Vi / Shutterstock.com Why did electric vehicle (EV) battery maker QuantumScape power down
Based in Ann Arbor, Michigan, Zomedica (NYSEAMERICAN:ZOM) specializes in veterinary testing and pharmaceutical products. But you don’t have to be a pet lover to trade and profit from ZOM stock. Source: Postmodern Studio / Shutterstock.com As we’ll see, this is one of the most affordable stocks on the market. Moreover, a recent price pullback could offer
A composite image showing a Falcon 9 rocket booster lifting off and a few minutes later landing back near the launchpad. SpaceX The next SpaceX launch will feature a milestone, as the Pentagon is allowing Elon Musk’s company to send a national security satellite to orbit with a reused rocket for the first time. SpaceX
Check out the companies making headlines before the bell: Novavax (NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading. Lordstown
Stock market liquidity has favored risk-on assets the past year, which has created an opportunity for many high-quality stocks to make a comeback. And while many investors have their eyes on growth stocks and others have gotten caught up in meme stock madness, there are still plenty of great values to be found among dividend
You would be hard-pressed to match the run Zoom Video Communications (NASDAQ:ZM) shares had last year. With many Americans suddenly working from home and schools adopting remote learning, Zoom became the remote communication tool. Up until mid-October, when ZM stock peaked at $588.84, shares had gained over 730% in 2020. Source: Michael Vi / Shutterstock.com
The economic numbers keep rolling in and they continue to look good. Jobless claims are falling. Hiring demand is rising. There’s money in the system. It’s all very attractive. But that’s what we’re seeing right now. The market isn’t really interested in right now. It’s looking at right now and making predictions on six months
In the past month, QuantumScape (NYSE:QS) stock has gone basically nowhere. When I last wrote about QS stock on May 12, it closed at $27.30, but as of June 11, it was at $27.90. But when I began the previous article on May 11, it was at $29.48. In effect, it has actually fallen over