Saturday, July 27, 2024
With all the hoopla over electric vehicles this year, it seems like investors have nearly forgotten about the ride-sharing business. There was a time where you couldn’t open up a financial publication without seeing something about Uber (UBER) or Lyft (LYFT). Lately, however, ride-sharing has taken a backseat to the rides themselves. Investors have been […]
The 10-year Treasury bond now yields 0.5% Last Friday, the yield on the 10-year Treasury note dropped to 0.520%. According to Deutsche Bank, that’s the lowest yield in 234 years. Whenever you see stats like this, know that someone is getting a little creative. What they’re doing is splicing data from other sources to come […]
Shares of electric carmaker Nio Inc. (NIO) exploded above $14 a share on July 2020 sales news. For July 2020, the company delivered 3,553 vehicles – up 322% year over year. NIO has now delivered 17,702 vehicles for the year – up 111% year over year. “In July, we are pleased to have achieved the […]
It was just a handful of months ago that the coronavirus pandemic took hold of the U.S. population and economy. Most states put their populations into lockdown for much of April and May, which did slow the spread of the virus. Still, people can’t stay at home forever, and reopening of much of the economy […]
Take-Two Interactive Software (TTWO) shot higher after reporting earnings recently. TTWO fiscal first quarter revenue came in at $831.3 million, growing 54% year-over-year, and representing record Q1 revenue for the video game maker. TTWO said “recurrent consumer spending”, which is made up of in-game purchases of items, add-ons, and virtual currency used in its games, […]
This past week was characterized by robust action in the big tech names, with companies like Apple (AAPL) and Facebook (FB) posting very strong earnings. AAPL in particular released better than expected earnings, and also announced a 4 for 1 stock split. Since splits tend to have a short-term bullish impact on the stock price, […]
Recently, I told you how I thought many people would forego in-person holiday shopping this year, instead making their purchases online. Last week, several large retailers including Target (TGT), Walmart (WMT), and Dick’s Sporting Goods (DKS) announced they would not open on Thanksgiving Day this year, for the first time in many years. The announcement […]
Inseego Corp. (INSG) has become of one of the most explosive 5G stocks on the market. Over the last week, INSG ran from a low of $10.53 to $13.80. All thanks to a report on Seeking Alpha that predicted “blow-out” second quarter earnings when the company releases earnings this week. Not only did the author […]
In March and April, the pandemic-triggered stock market crash hit the high-yield investment sectors, especially hard. Exchange-traded funds and notes (ETFs, ETNs) lost up to 90% of their value in a very short time. UBS to Redeem Two Leveraged Mortgage ETNs After 95% Plunge “Leveraged” is the word to note. Before the COVID crisis, there […]
Stanley Black & Decker (SWK) has reported lower earnings the company says are the result of the COVID-19 impact this quarter. SWK saw revenue decrease 16% year-over-year to $3.1 billion in the second quarter. The company was able to maintain operating margins, which, excluding charges, were 12.8%, basically flat from last year. Earnings per share […]
