Friday, April 26, 2024
Since March 2020, shares of LAC have run from a low of $1.92 to $7.66 – and could potentially turn higher. All on expectations of higher lithium prices, with demand outweighing supply. And all thanks to electric vehicle (EV) sales that are growing much faster than anyone expected. In fact, according to a new study […]
The coronavirus pandemic and resulting financial crisis turned investors either for or against different stock market sectors. Tech, biotech, drug companies, and large-cap retailers landed on the “loved by investors” list. Energy, financials, and even utilities fell out of favor and remain down for the year, even as the major indexes stay at or near […]
After several weeks of slow and steady climbing, stocks have finally shown vulnerability over the past week. Tech stocks in particular have taken a pretty sizeable beating; however, most of the big-name tech companies are still solidly in the black for the year. Nevertheless, some of the best performers this year are seeing massive selling […]
I’ve always been a great fan of mysteries. But who needs Agatha Christie to weave a story when we have the U.S. stock market? Everyone has been wondering what’s sent technology stocks (mainly in the Nasdaq) on a parabolic journey. A major institutional buyer, mysteriously nicknamed the “Nasdaq whale” by traders, dominated the never-before-seen massive […]
Shares of AstraZeneca PLC (AZN) pulled back earlier this week after the company paused its COVID-19 vaccine trial. That followed an unexplained illness in one of the trial volunteers. In an emailed statement, AZN said: “As part of the ongoing randomized, controlled global trials of the Oxford coronavirus vaccine, our standard review process was triggered […]
For the broader U.S. stock market, the pandemic-triggered crash has come and gone. In February and March, the S&P 500 stock index experienced a short-term bear market, dropping by over 35% from its early-February peak to the late-March bottom. The S&P 500 steadily recovered the losses and then some, with the index now up 11% […]
The market finally saw some active selling last week, with volatility climbing quite a bit higher. The iPath VIX Short-term Futures ETN (VXX) is one of the most popular ways to trade volatility. It covers the first two VIX futures contracts and tends to go up sharply when the market sells off. As you may […]
The Nio Inc. (NIO) boom continues. Over the last two months, the NIO stock price soared from $11 to a recent high of $18. From here, NIO stock could see higher highs after reporting another record month of deliveries. For August 2020, NIO completed 3,965 – a year over year increase of just over 104%. […]
Investors with interest in yields soon find their way into the world of closed-end funds (CEFs). During this period in history, when fixed income investments often yield less than one percent, the high single-digit or low double-digit yields on many CEFs are compelling. Yet the aftermath of the pandemic-triggered crash early in 2020 will start […]
Anyone remember the commercials for “Friendly Bob Adams” of Household Finance? They advertised “debt consolidation loans”. Bring all your payment booklets, pay off your debts and consolidate them into one loan with a lower monthly payment. Theoretically it took the pressure off those living from paycheck to paycheck, up to their eyeballs in debt. A […]
