The September slump on Wall Street took a turn for the worse yesterday, as stocks plunged on Monday in their worst sell-off since July. Even with a huge end-of-day bounce, the Dow Jones still closed down 1.7%, while the S&P 500 shed 1.6% and the Nasdaq tumbled 2.2%. Source: Shutterstock The catalyst? It wasn’t obvious.
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Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses in this article, http://www.zacks.com/stock/news/180276/this-weeks-growth-amp-income-stock-lyondellbasell-lyb, a stock that might be worth a closer look by investors: LyondellBasell (LYB). This plastics, chemicals and refining company recently delivered a big positive earnings surprise as profit margins expanded rapidly for its products. This prompted analysts to
Omar Marques | LightRocket | Getty Images DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the sources. Entain shares jumped more than 15% in London
In this article H ADBE SFIX FDX People walk around the International Hotel Grand Hyatt during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City. VIEW press | Corbis News | Getty Images Check out the companies making headlines after the bell Tuesday: FedEx – Shares of the shipping company
Cybersecurity technology company CrowdStrike (NASDAQ:CRWD) has given investors plenty to cheer about lately. CRWD stock has risen nearly 30% so far in 2021 and 78% over the past year. Source: Shutterstock That kind of growth has led many investors to question whether a slowdown is imminent. The good news is that it doesn’t appear to
Vinco Ventures (NASDAQ:BBIG) stock is the latest meme play. But if you blink, you might miss it. Source: Michael Vi via Shutterstock Vinco is an investment company that has gotten into non fungible tokens (NFTs), launching an E-NFT platform for trading them. It also owns 80% of a short video content platform (think TikTok) called
This article summarizes key observations made during the fifth and final session of the Sept. 21, 2021 “Your Money Your Health” virtual conference, a discussion of “Investing Through the Pandemic: How the Pandemic has Changed Investor Behavior and Impacted Global Markets.” The conference was a collaborative effort between Investopedia and a fellow member of the
Chinese internet search and online marketing giant Baidu (NASDAQ:BIDU) stock is a flip of the coin. Source: Sundry Photography / Shutterstock.com On the one hand it’s fundamentally worth much more than it currently trades for. There’s a clear buy-the-dip opportunity present. Of course, any investors who currently do so are certainly aware of the broader
Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll in online courses
In this article AAPL ENPH XOM People wear protective masks in front of Uber Technologies Inc. headquarters in San Francisco, California, U.S., on Wednesday, June 9, 2021. David Paul Morris | Bloomberg | Getty Images Take a look at some of the biggest movers in the premarket. Uber (UBER) — Uber shares rose 5.7% in
After a 2% drop in the indices on Monday, it’s now much easier to find stocks to buy on dips. Today we focus on one that was already in trouble before the most recent debacle. Skillz (NYSE:SKLZ) stock is 75% off of its all-time highs. But in all fairness, the rally that took it to
One of the biggest mistakes I made after joining InvestorPlace was to give up on Costco Wholesale (NASDAQ:COST) stock. Source: Helen89 / Shutterstock.com I had a nice profit. I could have stayed in. But, fearing the process of demographic change – young people moving into small apartments – I bailed. Since then, Costco stock is
FuelCell (NASDAQ:FCEL) has been steadily declining throughout 2021. But FCEL stock got an earnings-inspired bump after its fiscal third -q1uarter results, reported on Sept. 14, beat analysts’ average outlook. And with the short interest in the name hovering around 14%, it looked like traders were planning to profit from a short squeeze. Source: Kaca Skokanova/Shutterstock However,
Receding trade worries and new growth opportunities have sent semiconductor stocks higher IShares PHLX Semiconductor ETF: https://www.zacks.com/funds/etf/SOXX/profile?cid=CS-YOUTUBE-FT-VID Invesco Dynamic Semiconductors ETF: https://www.zacks.com/funds/etf/PSI/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P Semiconductor ETF: https://www.zacks.com/funds/etf/XSD/profile?cid=CS-YOUTUBE-FT-VID VanEck Vectors Semiconductor ETF: https://www.zacks.com/funds/etf/SMH/profile?cid=CS-YOUTUBE-FT-VID NVIDIA: https://www.zacks.com/stock/quote/NVDA?cid=CS-YOUTUBE-FT-VID AMD: https://www.zacks.com/stock/quote/AMD?cid=CS-YOUTUBE-FT-VID Taiwan Semiconductor: https://www.zacks.com/stock/quote/TSM?cid=CS-YOUTUBE-FT-VID Applied Materials: https://www.zacks.com/stock/quote/AMAT?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on
Epic Games has handed Apple (NASDAQ:AAPL) an epic defeat. Epic Systems, the maker of “Fortnite” and other popular games, launched a massive lawsuit against the company years ago for allegedly anticompetitive behavior. And, in a surprise to many observers, a judge largely agreed. Source: Shutterstock On Sept. 10, a judge ruled on the long-running Epic
An artist’s illustration of the Axiom modules attached to the International Space Station. Axiom Space The National Aeronautics and Space Administration plans to retire the International Space Station by the end of this decade, so the U.S. space agency is turning to private companies to build new space stations in orbit – and expects to
A liquidity crisis at a large Chinese property developer has shaken global markets, and strategists say it could send ripples across the global economy. But they also say the issue will likely be contained by the Chinese government before it wreaks damage in the banking system and it is not expected to lead to a
At the end of last year, I wrote that analysts’ earnings projections for Moderna (NASDAQ:MRNA) were $9.46 per share for 2021. Now those same analysts have average earnings per share (EPS) forecasts of $30.12 for 2021, or over 3 times the prior numbers. I wrote that MRNA stock was worth $180. But as of Friday,
AbbVie (NYSE:ABBV) stock is cheap and has a very attractive prospective dividend yield. In addition, this pharmaceutical company’s growth prospects are high. As a result, ABBV stock is likely worth significantly more than the price of $107.73 as of Sept. 17. Source: Piotr Swat / Shutterstock.com ABBV is basically flat for the year, as it closed
AT&T (NYSE:T) participated in the Bank of America (BofA) Communications and Entertainment Conference on Sept. 14. The CFO, Pascal Desroches, shed more light on its upcoming WarnerMedia combination with Discovery Inc (NASDAQ:DISCA). He also discussed the resulting expected dividend cut. Since then, T stock has kept falling. Source: Jonathan Weiss / Shutterstock.com So far this