Novavax (NASDAQ:NVAX), the Gaithersburg, Maryland-based biotech company, still has not submitted its Covid-19 vaccine for emergency use approval (EUA) to the Food and Drug Administration (FDA). The company says it will do so by the end of January. But the market is skeptical and is still waiting to see when the EUA will happen. As
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Chinese automaker Nio (NYSE:NIO) has several strengths, including its innovative battery-exchange program, significant sales growth and its pending expansion into multiple overseas markets. Yet, NIO stock is down 50% in the past year. Source: Andy Feng / Shutterstock.com Maybe that’s because in the past several months, the company’s sales growth and financial results haven’t been
ContextLogic (NASDAQ:WISH) stock has fallen dramatically since my last article on Dec. 16 and also on June 18. I have been deeply skeptical of WISH stock and tried to warn readers that the stock was likely to fall. And today, I believe that its decline is still likely to continue. Source: sdx15 / Shutterstock.com On Dec.
In this article .SPX FB GOOGL AAPL Getty Images There has been tremendous focus on how significant a small number of stocks were to the S&P 500‘s nearly 29% total return in 2021. Perhaps this typifies sour grapes, as most active managers underperformed the S&P 500 last year. Witnessing the top contributors — Apple, Microsoft,
In this article LVS C JPM DPZ SHW Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump more than 11% and 7%, respectively, after the Macau government said the number of casinos allowed to operate there would
Amazon (NASDAQ:AMZN) stock has been in a sort of free fall for the past several months. I suspect that it may be at a point where investors can begin accumulating it. One reason is that I foresee that AMZN stock will stage a rebound sometime this quarter or in the spring. Source: BigTunaOnline / Shutterstock.com
Solar energy has become a more viable option for consumers and businesses as technology has advanced and the cost has fallen. A report by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (LBNL) reports that the cost of utility-scale solar projects has fallen by 70% from 2010-2019. This decrease in production has also decreased utility prices. Renewable
Investors surely had dreams of Virgin Galactic (NYSE:SPCE) stock going “to the moon” after Sir Richard Branson’s historic space flight last summer. They’ve been sorely disappointed. SPCE stock is down 80% since Branson became the first of the billionaire space company founders to take his own craft to outer space. Source: Christopher Penler / Shutterstock.com
DraftKings (NASDAQ:DKNG) has been in a free fall since peaking on Sep. 9. at $63.67 per share. As of Jan. 13, it was down to $24.24 per share. This means that DKNG stock is below the price of $27.47 where it closed at the end of 2021. Source: Postmodern Studio / Shutterstock.com So, in effect, the
In this article C JPM JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Banks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force central banks
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2021. Brendan McDermid | Reuters Market focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks over tech names. The earnings period could test a
Chinese premium electric vehicle (EV) maker Nio (NYSE:NIO) hasn’t had a smooth 2021. NIO stock was once trading at the highs of $60 and is down to $30 today. Nothing has gone wrong with the company but the overall investor sentiment has led to the sell-off. There are also several concerns associated with Chinese regulations and
Electric vehicles are likely to remain a key investment theme through 2022. However, as competition in the industry intensifies, investors need to be increasingly selective in choosing EV stocks. Lucid Group (NASDAQ:LCID) stock is one stock that deserves a place in the portfolio. The LCID stock price is up 8.83% so far in 2022. Source:
Grab Holdings (NASDAQ:GRAB) is a delivery, e-commerce, and fintech company that’s focused on various Southeast Asian markets. The company came public via a special purpose acquisition company (SPAC). Specifically, it merged with a SPAC named Altimeter Growth Corp recently and changed its ticker symbol to “GRAB.” Source: Twinsterphoto / Shutterstock.com GRAB stock has not gotten
In this article JPM JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $3.01 per share,
In this article BA MRNA DAL VORB 2330-TW KBH Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares rose 2.2% in the premarket after the airline beat top and bottom-line estimates for the fourth quarter. Delta earned an adjusted 22 cents per share, 8 cents above estimates, and
Top digital payments company PayPal (NASDAQ:PYPL) has had a rough few months. Despite the rise in digital payments and a strong move towards digitization, PYPL stock isn’t impressing investors. Source: Michael Vi / Shutterstock.com The disappointing guidance has left investors frustrated, which resulted in a huge dip in PayPal stock. Despite the new opportunities and
NEWS ALERT Thursday, Jan. 13, 2022, 9:45 a.m. EST: Kim Kardashian and boxer Floyd Mayweather are being accused of “aiding and abetting” a cryptocurrency pump-and-dump scheme according to a lawsuit filed in California court. The suit alleges the two misled investors when they promoted EthereumMax, an obscure cryptocurrency unaffiliated with the Ethereum blockchain, to their
Shares of GameStop (NYSE:GME) have rewarded investors very well in 2021. The stock had gains of about 250% for the past year with a closing price of $128.06 on Jan. 12. 2022. On the other hand, GME stock has already losses of 15% in 2022. The erratic moves of the stock with a 52-week range