GICS vs. ICB Stock Classification: An Overview Understanding how sectors are defined is critical to diversifying a stock portfolio. That said, there are two competing systems for classifying stocks into sectors and industries: the Global Industry Classification Standard (GICS) and the Industrial Classification Benchmark (ICB). Both were designed to provide an accurate and standardized industry
After using the price-to-book ratio and the Zacks Rank to find value stocks, Tracey Ryniec profiles her top pick: Carnival Corporation (CCL). Carnival Corporation: http://www.zacks.com/stock/quote/CCL?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
Genomics stocks have gained a lot of steam in the last six months, as retail traders pour their capital into high-risk, high-reward areas. One of the beneficiaries of this trend is Bionano Genomics (NASDAQ:BNGO), a life sciences firm working on some of the most exciting aspects of the genetic analysis industry. So it’s not surprising
Back on March 23, 2020, I invested in Wynn Resorts (NASDAQ:WYNN) based on a belief that the casino industry would bounce back from the pandemic. A year later, I sold my WYNN stock and invested in MGM Resorts (NYSE:MGM) stock. Source: Michael Neil Thomas / Shutterstock.com I was very fortunate to time the market bottom
If you’re basing your analysis on its 2019 results, TripAdvisor (NASDAQ:TRIP), and its TRIP stock, might look like a bargain. Source: Tero Vesalainen / Shutterstock.com TripAdvisor posted a profit of $126 million, 90 cents per share of TripAdvisor stock, on revenue of $1.56 billion in 2019. That would seem to justify a market capitalization of
Tom Lee said Monday he expects the stock market’s strong start to April to continue throughout the month as part of what he’s previously dubbed a “face-ripper rally.” The co-founder of Fundstrat Global Advisors made his case in an interview on CNBC’s “Fast Money,” following the S&P 500‘s 1.4% gain Monday to notch a record close
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters As the economy booms over the next couple of months, the Fed will have a more difficult time defending its
While wagering on the next big thing always drives new players to the financial markets, as you grow in your investment journey, you’ll realize the importance of diversification. Specifically, your “active” plays will likely generate the most gains, but you’ll often find yourself with duds. On the other hand, monthly dividend stocks can give you
To some investors, activist short sellers like those who targeted SOS Limited (NYSE:SOS) stock are market manipulators, or worse. I personally don’t believe that to be the case, but we can move past that debate. Source: Shutterstock Let’s instead focus on what SOS itself has said — both in response to those short sellers and
Social media has become an integral part of our daily lives. Currently, some 3.6 billion people across the globe use social media and that number is projected to increase to 4.41 billion by 2025. Further, “internet users spend an average of 144 minutes on social media per day.” These numbers are enough to trigger interest
Granted, finding stocks that could double by summer is no easy feat! After all, the markets have been rocky lately. And with interest rates rising, the growth plays have been under lots of pressure and there has been a rotation into those companies that are likely to benefit from the reopening. But then again, this
It’s the world’s most commonly cultivated, trafficked, and used drug; as the push for legalization at home and abroad grows, marijuana is garnering significant attention from investors, manufacturers, and researchers. Despite the plant being illegal under federal law as a Schedule I drug, the U.S. legal marijuana industry was estimated at $13.6 billion in 2019 with 340,000
An Internet Software and Semiconductor Stock is in Focus. Zoom: https://www.zacks.com/stock/quote/ZM?cid=CS-YOUTUBE-FT-VID AMD: https://www.zacks.com/stock/quote/AMD?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
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock jumped 7.6% in the premarket. GameStop (GME) – The video game retailer announced plans to sell up
InvestorPlace’s Ian Cooper wrote a piece in early March arguing that Riot Blockchain (NASDAQ:RIOT) stock should be in every investor’s portfolio. Since Cooper wrote those words, RIOT stock is up 30% through March 30. Source: Mark Agnor / Shutterstock.com If you took Cooper’s advice and bought some of the crypto miner’s stock, I applaud your
Shares of life sciences company Bionano Genomics (NASDAQ:BNGO) have dropped more than 20% in the past month. The development is puzzling, considering how it upturned four consecutive quarters of revenue slump with its latest earnings results. Regardless, the pullback presents an excellent opportunity to buy BNGO stock at a discount. Source: Connect world / Shutterstock.com As
CBAK Energy Technology (NASDAQ:CBAT) is a manufacturer of high-power lithium batteries, primarily generating sales from the Chinese market. Despite stumbling in the past few months, CBAT stock is up a whopping 1,217% in the past 12 months. A lot of it is down to the company’s hype as a bona fide player in the electric
Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC With focus locked in on the emergence from the pandemic, there is still plenty of uncertainty lingering on Wall Street. So, how can exciting investment opportunities be found? By following the latest stock recommendations from the analysts that consistently get it right. TipRanks’ analyst forecasting service attempts
In the recent Reddit-fueled meme stock hysteria that captivated us in recent months, some completely unknown stocks skyrocketed. Such is the case with New Concept Energy (NYSEAMERICAN:GBR). Investors in GBR stock saw the company’s share price open the year below $2 per share and to skyrocket to above $30 per share in one late January day.
Editor’s note: This column is part of InvestorPlace.com’s Best Stocks for 2021 contest. Eric Fry’s pick for the contest is Osisko Gold Royalties (NYSE:OR). When the gold price is falling, one of the worst kinds of stocks to own is a gold stock. That’s why Osisko Gold Royalties Ltd. (NYSE:OR) stock has performed poorly so far this year.