Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty on all three charges,
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In this article NTGR LVS KMI TDC CHDN CMG WHR David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: Kinder Morgan — Shares of the energy infrastructure company gained 3.5% after the company first-quarter earnings that topped analyst expectations. The company posted earnings per share
In a time when folks are on the hunt for all sorts of high-flying assets, we shouldn’t ignore legendary fund manager Peter Lynch’s “invest in what you know” credo. Costco Wholesale (NASDAQ:COST) stock offers familiarity and low volatility. While Costco probably won’t make you wealthy overnight, the long-term returns have been substantial. Source: Helen89 / Shutterstock.com
As one of the more popular penny stocks on tap, Ideanomics (NASDAQ:IDEX) has certainly generated plenty of positive sessions. On a year-to-date basis, IDEX stock is up 30%, which is good, but not the most impressive figure considering the present euphoria. Nevertheless, it’s a lot better than what many speculative investments generated so far in
What Happened to the Roku Stock Price Today? Source: JHVEPhoto / Shutterstock.com Roku (NASDAQ:ROKU) stock saw wobbly trading Wednesday — at one point, dropping about a percent — on what was otherwise a very strong day for the stock market, and especially for tech stocks. The lack of conviction among traders can be attributed to
Everyone loves the disrupters Cathie Wood buys for her ARK Innovation ETF (NYSEARCA:ARKK). But there are older tech stocks out there that still represent innovation. While ARK favorites like Tesla (NASDAQ:TSLA), Coinbase (NASDAQ:COIN) and Zoom Video (NASDAQ:ZM) look overvalued, investors may be missing some bargains. These companies were big long before the cloud was even
In this article VABK Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic shares fell in trading Tuesday after Ark Invest’s space exploration ETF sold nearly half its stake in the space tourism company. Cathie Wood’s firm sold 275,204 shares of Virgin Galactic from
Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason. Most major parts of the market have run up significantly in the past month. But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly earnings of $1.31 per share, 2 cents a share above estimates. Revenue also beat analysts’ forecasts. Verizon lost more wireless subscribers during the quarter than analysts had been anticipating. Welbilt (WBT) – Welbilt shares surged 14.8% in
Carnival (NYSE:CCL) stock has struggled even as the novel-coronavirus pandemic winds down. It’s been the same across all of the cruise industry. Source: Kokoulina / Shutterstock.com Despite impassioned pleading by the companies in the sector and a lawsuit by the state of Florida seeking to end the CDC’s ban on cruises originating from the U.S, the
On today’s show, Preston and Stig learn important lessons about Bitcoin from Trace Mayer. IN THIS EPISODE, YOU’LL LEARN: – How to value bitcoin using the Mayer Multiple – Why bitcoin is about bringing trust to a new monetary system – How bitcoin might look 5 years from now – How to think about the
COVID-19 has created an Apollo Mission status for advanced medical technologies and smart investors are profiting.
When a company announces a stock buyback, it means that it intends to repurchase some or all of the outstanding shares it originally issued. In exchange for giving up ownership in the company and periodic dividends, shareholders are paid the stock’s fair market value at the time of the buyback. A company may choose to
Since the November election, Wall Street has been looking for investments that are likely to benefit from President Biden’s policies. But of course, this has meant that it is tough to find cheap stocks! Yet the rally has been uneven. And yes, there are some interesting stocks to buy that are at reasonable valuations. For
Generally, I try to avoid becoming overly negative on a particular company. Based on Murphy’s law, such negativity results in the target firm becoming one of the top-performing hypergrowth securities. But regarding Canoo (NASDAQ:GOEV), I have doubts. From where I stand, everything that could go wrong for the company, did go wrong. Logically, this bodes
Value investor Bill Miller told CNBC on Tuesday that one of his firm’s funds sold its GameStop holdings during the Reddit-fueled frenzy that began earlier this year. “We had GameStop in our deep-value product, and I think our cost on it was around $4 or something,” Miller said in an interview on “The Exchange.” “When it got
Traders work on the floor of the New York Stock Exchange. NYSE Stocks are now in a choppy period, and technical analysts say it has the look of a short-term pullback. Strategists say it would make sense for this week’s selling to fit in the pattern of many pullbacks with a 3% to 5% decline.
The stock market, as measured by the S&P 500, keeps hitting new all-time highs. However, not all stocks are taking part. In fact, many more speculative areas such as special purpose acquisition companies (SPACs) and electric vehicles (EVs) have sold off sharply in recent weeks. As a result, investors are looking to play some defense.
GameStop (NYSE:GME) sells gaming discs in physical stores that no one is going to anymore. Kids can just as easily rent or buy them online. So why is GME stock trading so high? Source: Shutterstock / mundissima The stock has been on a roller coaster as of late. At the end of December 2020, GME
The past year’s price action in the shares of video-game retailer GameStop (NYSE:GME) have been exciting, to say the least. The famous Reddit-fueled short squeeze of GME stock has created wealth for some traders, and destroyed the accounts of others. Source: quietbits / Shutterstock.com For old-school, valuation-obsessed investors such as myself, it’s been fascinating and perplexing.