As ContextLogic (WISH) struggles, WISH stock continues to rattle around its all-time low close. WISH is now a penny stock, down 50% so far in 2022 and off its 2021 all-time high close by more than 90%. Investors should not mistake WISH stock as an opportunity to get into an e-commerce leader at an incredibly
EV upstart Lucid Motors (NASDAQ:LCID) delivered a strong earnings beat with its first-quarter results. Investors were lackadaisical, though, as LCID stock shed close to 12% of its value on its post-earnings sell-off. Analysts were expecting the EV firm to lose 31 cents per share on sales of $55.6 million. However, actual results came in significantly
Jerome Powell, Federal Reserver Governor. Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than two decades, as it seeks to tame inflation. The central bank’s actions mean that, in an era of sharply rising prices for everything from food
Traders on the floor of the NYSE, March 28, 2022. Source: NYSE After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a high inflation reading,
Business development companies (or BDCs) offer generous yields to income investors. Great Elm Capital (GECC) is a BDC that makes loans and middle market investments. Newtek Business Service (NEWT) provides financial and business services to small and medium-sized businesses in the U.S. Capital Southwest (CSWC) offers credit and private equity investments in middle market companies,
Everyone is concerned about a recession these days. And who can blame them? Inflation’s running at decade highs. Global supply chains are in disarray. A war is raging on in Europe. We’re dealing with soaring gas and food prices. There are more Covid-19 lockdowns in China, rapidly rising interest rates, and a crashing stock market.
Affirm (NASDAQ:AFRM) continues to fly multiple red flags, including a high valuation, very tough competition and a bottom line that may be deteriorating. Additionally, there are multiple signs that the Street is quite bearish on the shares. In light of all of these points, I continue to recommend investors sell AFRM stock. The trailing price-to-sales
Aterian (NASDAQ:ATER), the technology and consumer products company and popular meme stock, reports first-quarter (Q1) results on May 9 after the markets close. If you’re thinking about buying ATER stock before it reports on Monday, I’d put that thought aside. While it’s likely to drop in Friday trading for the fourth consecutive day, making it
In this article BLK SPY TSLA Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a
In this article SPCE SQ CI UAA SHAK DKNG Check out the companies making headlines before the bell: Under Armour (UAA) – The athletic apparel maker posted an adjusted first-quarter loss of 1 cent per share, compared with a profit estimate of 6 cents per share. Under Armour also issued a weaker-than-expected outlook for its
Adding defensive healthcare stocks can be a great way to ride out continued volatility in the market. AbbVie (ABBV): Investors are overreacting to this venerable big pharma company’s recent earnings report. Amgen (AMGN): An established biotech company with a high forward dividend yield (3.33%). Baxter International (BAX): A reasonably-priced medical products provider on track to
The United States and Canada may share a border, but there are very inherent differences in how each country views and treats marijuana. The U.S. has been plagued with many restrictions because marijuana is still considered a controlled substance at the federal level. As of May 2022, a total of 38 states allow pot for
After a Q1 earnings miss lass week, Alphabet (GOOG, GOOGL) stock is trading just above 2022 lows. YouTube ad revenue dropped, but the company still grew overall revenue 23% and its Pixel hardware could become more of a factor going forward. Investors should take advantage of the long-term growth potential of GOOG stock while it
Wall Street doesn’t seem to be taking the latest news about Lordstown Motors Corp. (NASDAQ:RIDE) stock well. Lordstown on Monday announced that it’s pushing back its deal to sell its Ohio factory to Hon Hai Precision Industry Co (OTCMKTS:HNHPF), which operates as Foxconn. The deal was supposed to close by April 14, but the extension
ChargePoint (NYSE:CHPT) is a California-based company that provides electric vehicle (EV) charging networks and charging solutions. The company went public via a special-purpose acquisition company (SPAC) and was initially highly popular with traders. CHPT stock shot up as high as $45 in late 2020 following the launch of its SPAC deal. Since then, however, ChargePoint has
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Stablecoins are cryptocurrencies that aim
In this article SPCE LYV SG DBX ZG DASH A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Block — Shares rose more than 5% after hours despite Block missing
Alphabet’s (NASDAQ:GOOGL, NASDAQ:GOOG) first-quarter results came in substantially below estimates. However, Wall Street analysts remain bullish on GOOG stock’s long-term prospects. During the first quarter, the company’s revenue fell far below analyst expectations as it confronted inflation, supply chain issues and fallout from Russia’s invasion of Ukraine. The company said it made a quarterly profit
GameStop’s (GME) share price continues to slide lower, down 23% in the last month. The company’s earnings are as bad as ever with no signs that a turnaround plan is working. A proposed stock split is more of a dividend payment and could dilute GME stock. Source: quietbits / Shutterstock.com A year on from the
Disney (NYSE:DIS) stock is down 27% year-to-date (YTD). To say the least, the market is not pleased with its earnings, especially its negative free cash flow. DIS stock probably won’t turn around until Disney can produce positive free cash flow. The market will be watching closely on May 11 when its Q2 earnings come out. Last