Back last September, DraftKings (NASDAQ:DKNG) stock was viewed as a “can’t miss” wager among investors. Source: Lori Butcher/Shutterstock.com Going into the football season, many “laid the points” with DKNG, buying into it at its highs with the expectation that this winning sports betting stock would stay a winner. Since then, not only has this favorite failed
ContextLogic (NASDAQ:WISH) stock has left most investors wishing that they’d never heard of the company in the first place. The e-commerce firm went public in December 2020 and appeared to have bright prospects. It was growing at a rapid clip and seemed to have a unique model that would earn it a solid place in
In this article SPCE Spacecraft VSS Unity lands on the runway at Spaceport America in New Mexico after the company’s fourth spaceflight test on July 11, 2021. Virgin Galactic Shares of Virgin Galactic fell in trading on Thursday after the company announced plans to raise up to $500 million in debt. “The company intends to
Take a look at some of the biggest movers in the premarket: Illumina (ILMN) – Illumina issued a 2022 revenue outlook that exceeded consensus analysts’ estimates, noting strong demand for its gene sequencing treatments as well as new partnerships with four health care companies. Illumina jumped 4.1% in the premarket. Rivian (RIVN) – Rivian fell
Investors in Robinhood Markets (NASDAQ:HOOD) stock have not had much to celebrate since the company went public in July 2021. In fact, shares are down nearly 60% over the past six months. Yet, most market participants pay more attention to what users of the Robinhood app buy and sell more than price swings in HOOD
Investing has some universality to it, right? From Afghanistan to Zimbabwe, the human propensity for deferring today’s consumption to build tomorrow’s fortune should be largely the same. Of course, the real world is more complicated than that. In some nations, such as Japan in the 1980s, citizens saved so much of their income that the
Usually, I like to share great stocks to buy or stocks that you need to sell or avoid. Today, it’s a bit of mix. These are great stocks — some are portfolio holdings — but this just isn’t the time to buy them. What that means is, most of these stocks have very low Portfolio
Fourth quarter earnings season is underway and expectations are running high. Data from FactSet shows that companies listed on the S&P 500 index are forecast to generate an average 21.7% year-over-year increase in earnings per share for the fourth quarter of 2021. If accurate, the growth would represent the fourth consecutive quarter where corporate earnings
Jeffrey Smith, chief executive officer and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images 2021 was a busy year for activist funds, with notable investors including Starboard Value, JANA Partners and Carl Icahn pushing for meaningful change at an array of companies. In all, activist shareholders embarked on
In this article DIS SAM BLK JPM WFC SHW Check out the companies making headlines before the bell: BlackRock (BLK) – BlackRock earned an adjusted $10.42 per share for the fourth quarter, beating the consensus estimate of $10.16, although revenue for the asset manager was slightly below forecasts. Assets under management rose above the $10
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