Editor’s note: Below you’ll find the week 74 release of the NYC Recovery Index, originally published Feb. 1, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index experienced some setbacks over the week ended Jan. 22, as the index fell from a score of 79 to 75.
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I recently wrote a bullish column on DoorDash (NYSE:DASH) stock, so I’m certainly not bearish on all delivery names. However, there are two very important differences between DASH stock and Grab Holdings (NASDAQ:GRAB) stock. Source: Hafiz Johari / Shutterstock.com Specifically, Grab operates in countries with much weaker economies and lower standards of living than DoorDash.
Cassava Sciences (NASDAQ:SAVA) stock illustrates the promise — and hazards — in biotechnology investing. Casssava management says it has a drug that can effectively treat Alzheimer’s Disease, one of the most destructive diseases known to man. They may have it, or they may not. It’s impossible for a small investor like me to know for
Micron’s (NASDAQ:MU) near-term and longer-term prospects remain very strong, and the company is extremely profitable. But despite all of that, MU stock is still trading at a tiny valuation. Source: Piotr Swat / Shutterstock.com Meanwhile, multiple, highly reputable Wall Street firms are very bullish on the shares. Consequently, I remain very upbeat on the shares.
Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Chipotle — Shares of the Mexican fast-food chain rose more than 8% in after-hours trading after the company reported quarterly earnings that topped analyst expectations. Menu price hikes helped offset inflation without hurting customer demand. However, Chipotle said it
Nio (NYSE:NIO) investors have certainly seen better days. NIO stock is down 28% so far in 2022. Shares of the Chinese electric vehicle maker trade at nearly $24 a share, having a 52-week range of $19.31 to $64.60. That’s quite a lot of pain. So how did all the excitement about this stock disappear? Source: Sundry
Palantir Technologies (NYSE:PLTR) is a growth stock. When growth stocks were in fashion, it was a winner. When they ceased to be in fashion, investors lost. Source: Ascannio / Shutterstock.com After writing about its data analysis products in July, I called Palantir stock a dirt-cheap speculation. In September, I looked at its high price and
After a rough start to 2022, Apple (NASDAQ:AAPL) shares have been performing well for the past week. The catalyst was a blockbuster earnings report on Jan. 27 that showed the company is selling iPhone 13s as fast as it can make them. Services revenue is posting huge gains as well. Investors love that because it reduces
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of its corporate staff and also cut $800 million in annual costs. Foley’s replacement will be former Spotify and
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Two Companies With Upward Pointing Trends.
With e-commerce sales soaring in China, shares of online retail giant Alibaba Group Holding Ltd. (BABA) have risen steadily over the past decade, and it’s not surprising that there are a number of options for the investor interested in mutual funds and exchange-trade funds (ETF) holding Alibaba. Here are the top 5 funds holding shares in
Amazon (NASDAQ:AMZN) is rising after yet another strong quarter. The overall news was good for the company, which managed to exceed expectations on several fronts. That sent shares of AMZN stock more than 10% higher. Source: Eric Broder Van Dyke / Shutterstock.com At the same time, though, the report was far from perfect. In fact,
Typically, when a publicly traded company loses nearly 16% of market value over the trailing month, there’s a reason for it — and usually not a good one. That’s the situation with SoFi Technologies (NASDAQ:SOFI). Though backed by several relevant innovations like fintech and cryptocurrencies, investors currently have a dim view of SOFI stock. Source:
There have already been some big movements in stocks in 2022. Meta Platforms (NASDAQ:FB) lost $232 billion in value after weaker-than-expected first quarter revenue. Meanwhile, Snap (NYSE:SNAP) soared by some 60% after its quarterly numbers beat estimates despite a prior downward trend. Now, the story looks similar for DraftKings (NASDAQ:DKNG) in terms of correction. In
In this article AMGN SPGS James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Check out the companies making headlines in after hours trading: Take-Two Interactive — Shares of the video game company shed
At first glance, California-headquartered life-sciences company Bionano Genomics (NASDAQ:BNGO) might seem like a good business to invest in. After all, BNGO stock is cheap and that is what traders should look for, right? Source: Dennis Diatel / Shutterstock.com The important lesson here is to avoid confusing “cheap” with “good.” As the old Benjamin Graham/Warren Buffett saying
Just like tech stocks, many electric vehicle (EV) stocks are on sale, following the January stock market sell-off. But while there may be opportunity with shares in several of the EV makers, and with some of the higher-profile EV infrastructure plays, you may want to add EVgo (NASDAQ:EVGO) stock to your watchlist as well. Source: Felipe
Finding a floor at around $20 per share, after its continued plunge last month, to some now may look like a great time to get into DraftKings (NASDAQ:DKNG). Unfortunately, as the two factors that have pushed it lower continue? It may be too early to bottom-fish with DKNG stock. Source: Tada Images / Shutterstock.com What do
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and