Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results
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General Electric (NYSE:GE) reported Q1 2021 results on Apr. 27. While its adjusted profits were two cents better than analyst estimates, it missed the top-line consensus by $420 million. That news pushed GE stock lower. Source: testing / Shutterstock.com However, despite a mixed quarter, I see a company that looks ready to again become the
What Happened to Uber Stock? Source: BigTunaOnline / Shutterstock.com Uber (NYSE:UBER) stock sunk more than 5% Thursday after U.S. Labor Secretary Marty Walsh said that most gig workers should be classified as employees. UBER stock has been a “reopening” favorite on Wall Street. Year-to-date, shares are up roughly 7%. But this recent news is taking
Gold funds provide investors with exposure to the commodity without having to deal with the hassle of taking delivery of or delivering physical gold assets, which is typically required in the commodities futures market. Gold funds may be used as a hedge against geopolitical instability or interest rate risk. Although Vanguard does not offer a
Tracking a Top Technology Stock and Solid Performer in the Consumer Products Space. Microsoft: https://www.zacks.com/stock/quote/MSFT?cid=CS-YOUTUBE-FT-VID Chewy: https://www.zacks.com/stock/quote/CHWY?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
If you listened to my bullish call from March 3 on California-based electric vehicle manufacturer Canoo (NASDAQ:GOEV) stock, you’re probably in the red on your GOEV stock investment. Source: Canoo media If you’ll forgive me for that, then today I hope to motivate you to stay in the trade. It just doesn’t seem right for the
The housing bubble of the last year has made Zillow Group (NASDAQ:Z) co-founders Rich Barton and Lloyd Frink into billionaires. However, after peaking at nearly $198 per share in February, however, Z stock is making speculators poorer. Source: Shutterstock The way things are going, Zillow stock will end April below $133 a share, taking the
I continue to believe that FuboTV (NYSE:FUBO), with anything like its current content and price points, will never appeal to the vast majority of Americans. Meanwhile, I think that the platform’s appeal to sports bettors is greatly overblown. Given these points, I remain convinced that, despite its recent pullback, FUBO stock remains vastly overvalued. Source:
In this article CRUS X SWKS WDC FSLR GILD AMZN TWTR The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Thursday: Twitter — Shares of the social media giant fell 9.4% after the company’s
At one point in 2020, Fastly (NYSE:FSLY) was a stock that no one wanted to own. The stock was muddling along in the $20s, then dipped all the way down toward $10 in March 2020. FSLY stock was a nobody. Source: Pavel Kapysh / Shutterstock.com Then the company reported earnings and the stock was cleared
After a decade spent writing that hydrogen was the future I was excited about the rise of Plug Power (NASDAQ:PLUG) last year. Despite a recent drop in price, PLUG stock is currently up about 535% in the past year. Source: DesignRage / Shutterstock.com Plug Power wants to create a market for hydrogen fuel. After building a
I believe that many investors and stock pundits are greatly underestimating the impact of the extremely tough competition that electric-vehicle maker Fisker (NYSE:FSR) is likely to face. Further, I don’t expect the relatively low price and the environmentally friendly materials of Fisker’s Ocean SUV to enable it to sell nearly enough EVs to justify the
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, U.S., April 28, 2021. Doug Mills | Reuters If the stock market is considered a barometer of success, Joe Biden’s first 100 days in office is starting off with a bang…a big bang. Since the election, the S&P 500 is
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
Pharmaceutical stocks have been on investors’ radar more than usual in the past year as the healthcare sector grapples with the not-so-novel coronavirus. While the world is looking to reopen, the headaches caused by Covid-19 are still present. While restaurants are reopening and parts of the world are recovering, healthcare is still disrupted plagued by
Amazon.com, Inc. (AMZN) is one of the most valuable megacap companies on the Nasdaq exchange. The firm commands a high premium valuation because of its demonstrated record of consistent sales growth. However, it almost always appears grossly overvalued when using earnings-based valuation methods. Amazon pursued a strategy of reinvesting most of its profits into the
We highlight four ETFs that are benefitting from the move to the cloud.
As I see it, there’s a major bargain in the markets right now. Shares of Israeli 3D printing firm Nano Dimension (NASDAQ:NNDM) stock are trading at a discount. And, there’s an exciting acquisition that ought to get investors excited. Source: Spyro the Dragon / Shutterstock.com Don’t get me wrong. The share price did move higher when
At a cursory glance, you would expect the cannabis industry to receive an exemption regarding the devastating impact of the novel coronavirus pandemic. Primarily, Americans are stressed. Never before since perhaps World War II has a disruptive event impacted the entire nation. In theory, this should benefit Canopy Growth (NASDAQ:CGC) stock. Source: Shutterstock In reality,
A commonly used adage in the financial-world is “sell in May and go away.” The reason is a relative under-performance in the markets between May and October. With that in mind, it might be a good time to look at some stocks to sell in May. If we look at the S&P 500 index average