Thursday, April 18, 2024
Trying to understand the stock market in the middle of a pandemic is a challenge for even the most seasoned of traders. It’s not like the investing world has much to compare to. Sure, the Spanish Flu seems roughly like a similar situation—but that was more than 100 years ago. The markets are far larger […]
Enphase Energy (ENPH) has been incredibly explosive. Since hitting a low of $21.49 in March 2020, ENPH has rallied to $58.44. Not only did it report impressive earnings, but it also just announced a collaboration with the University of Washington for a 100% renewables grid. According to ENPH’s latest press release, “Under the heading, A Scalable […]
RSG reported strong earnings this month, easily beating the year ago quarter. The company reported net income of $246.3 million, which was above the $234.2 million reported in the prior year-over-year quarter. RSG said earnings were $0.77 per share, which was almost 7% better than the first quarter of 2019, which came in at $0.72 […]
Looking at options block trades can be a useful way to see what big investors and funds are doing in the options market. Recently, a large trader bought 2 million shares of Bank of America (BAC) while selling 20,000 January calls at the same time. This is likely a covered call trade and suggests that […]
In its latest earnings report, Nike (NKE) reported a 36% increase in digital sales. In a press release accompanying the earnings release, President and CEO John Donahoe said, “We know it’s in times like these that strong brands get even stronger.” I tend to agree with Mr. Donahoe. I’ve written about several new names that […]
Since April 2020, FATE stock rocketed from a low of $19.92 to $35.23, as it moves progresses with cellular immunotherapies for cancer and immune disorders. Just days ago, FATE announced the U.S. FDA cleared its investigational new drug (IND) application for FT538, the first CRISPR-edited iPSC-derived cell therapy. FT538 is an off the shelf natural […]
The reopening of closed business in the U.S. has started in anticipation of today’s Memorial Day Holiday. The trend will accelerate as we move into the summer months. However, don’t expect every company to bounce back to what it was before the crisis. Many industries will suffer long-lasting effects from the shutdown. Others may benefit […]
Over the last two decades, the investment landscape has been dramatically altered by two trends. The first is the shift from single stock and mutual fund investing into exchange-traded products (primarily ETFs). The second is the emergence of volatility as an asset class. First off, ETFs opened the door for the average investor to trade […]
Jeff Bezos could become the founding member of the “Four Comma Club” Recently, one of my favorite financial writers, Barbara Kollmeyer of MarketWatch, wondered if Jeff Bezos could become the world’s first trillionaire. It’s not so outlandish a thought. The CEO of Amazon is already one-seventh of the way there. To grow your fortune by […]
Shares of electric vehicle maker, Nio (NIO) have faced plenty of pressure this year. Most recently, on news China will cut subsidies on new energy vehicles, such as electric cars by 10% this year. Under China’s new plan, it will also extend subsidies for buying NEVs to 2022, and tax exemptions on purchases for two […]
