Sunday, May 19, 2024
Volatility ETFs, such as the ProShares Ultra VIX Short-Term Futures ETF (UVXY) saw further upside as the markets melt down ahead of the U.S. elections, and on rising coronavirus case numbers. Over the weekend, the U.S. saw another 83,000 cases, overwhelming and exhausting hospitals. There’s even the fear of a return to lockdowns to stop […]
One of the market’s higher flying stocks this past month took quite the tumble last week. Fastly (FSLY), a cloud, web development company, dropped nearly 30% in one day after lowering revenue guidance ahead of its earnings at the end of the month. Although the actual guidance wasn’t that much lower than previous expectations, the […]
A lot of attention has been paid to the big tech companies this year, and rightly so. Big tech is leading the market to record highs, despite what the coronavirus pandemic has done (and continues to do) to the global economy. Precious metals are another area getting a lot of space in the financial press. […]
Barrick Gold Corp. (GOLD) rallied above $30 a share, as gold spiked above $2,000. Helping, Warren Buffett’s Berkshire Hathaway bought shares of Barrick Gold. “In the past, Buffett, the billionaire chairman of Berkshire, cautioned against investing in the metal because it’s not productive like a farm or a company. Now, gold miners are benefiting from […]
Tesla (TSLA) just announced a five for one stock split that goes into effect August 31. On the news, shares of TSLA are now up to $1,463 in after-hours trading, and could head higher as we near the split. All in an effort to make stock ownership far more affordable for employees and investors. Buying […]
Let’s dream for a moment. It’s November 2021. A coronavirus vaccine for was found in late December 2020. Due to pre-ramping of production facilities, 100% of the U.S. population has been vaccinated. COVID-19 is no more. Given this possible reality, where are you going to do your holiday shopping? Are you geared up for Black […]
As the U.S.—and the world for that matter—begins the reopening process, every business is trying to figure out what the new way of doing business looks like. We already know what the white collar version of post-pandemic business has become. It’s Zoom (ZM) meetings, Docusign (DOCU) virtual document management, and Activision (ATVI) [gaming in between […]
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 […]
Not Everyone Is Feeling the Covid-19 Squeeze Earlier this week, General Motors (GM) said it’s suspending its dividend and halting all share buybacks. This is tough to hear but I can’t say this much of a surprise. The auto giant has been taking it on the chin recently. It’s no secret why. As a result […]
One of the primary beneficiaries to the stay-at-home revolution brought on by COVID-19 is the video communication industry. In particular, Zoom Video Communication (ZM) has been on a tear in recent weeks as more and more people use the product for meetings, discussions, and chats. ZM was trading at new highs when Facebook (FB) announced […]
