Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the
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When I look at AYRO (NASDAQ:AYRO), it feels a bit like déjà vu from when I was recently asked to give an opinion on ElectraMeccanica Vehicles (NASDAQ:SOLO). I felt the basic problem for ElectraMeccanica was that it didn’t have a good answer to why this time is different. In other words, it might be the
Investing in foreign assets has proven the merits of diversification, and most individual investors take advantage of the benefits of international assets. However, unless the foreign securities have been issued in U.S. dollars, the portfolio will experience currency risk. Currency risk is the risk that one currency moves against another currency, negatively affecting an investment’s
The Securities and Exchange Commission is investigating Eastman Kodak‘s disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, the Wall Street Journal reported Tuesday. On July 27, a day before Kodak, as well as President Donald
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared
Over the years, I have consistently pounded the table on groundbreaking technology firms. Collectively, we’re entering a period where multiple innovations are converging at once, sparking what I term the “Roaring 2020s.” Certainly, electric vehicles represent a vital cog in this gear. However, this does not include bizarre gimmicks like Electrameccanica Vehicles (NASDAQ:SOLO). Thus, I
Warren Buffett’s Berkshire Hathaway reported a surge in profits in the second quarter as the value of its stock portfolio rebounded, offsetting a near $10bn writedown on its largest manufacturing business and a slide in operating earnings. The industrial conglomerate, which owns insurer Geico, the BNSF railroad and ice cream purveyor Dairy Queen, said net
Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12
A pedestrian wearing a protective mask exits from the Wall Street subway station in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The debate in Washington over the next round of fiscal stimulus and rising tensions between the White House and China could act as brakes on the stock
Many moving parts – including the novel coronavirus crisis, OPEC’s moves, the overall economy, demand for air travel, and the increased popularity of electric vehicles – will affect oil stocks, including Exxon Mobil (NYSE:XOM) stock. I believe that Exxon Mobil stock will prove to be a good name for income investors over the medium term.
On Aug. 5, cruise stocks wavered on news that they would again extend their no-sail date through October. This hit shares of Carnival (NYSE:CCL), Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH). Fortunately for investors, Carnival stock managed to stabilize for the rest of the week. The problem is, obviously, that without cruises there isn’t
The market had trouble gaining upside momentum on Friday, as tech and growth stocks came under selling pressure. With that in mind, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Fastly (FSLY) Are you interested in Fastly (NYSE:FSLY) as a long-term investor? This was a
Economic conditions often inform the policy changes that governments elect to enact. And in the U.S. specifically, government policy has always had a large amount of influence on economic growth and the creation of new business entities. In the broadest sense, the economic activity of a country reflects what people, businesses, and governments want to
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had set
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight positive in July’s jobs report, but the focus remains on whether Congress can agree to
Kroger (NYSE:KR) stock was underperforming for years before the novel coronavirus hit. No more. It opens for trade on Aug. 7 at about $35 a share. That’s a 21% gain for 2020, against 2.3% for the S&P 500 index, and 11% for Walmart (NYSE:WMT), the country’s biggest grocer. Source: Jonathan Weiss / Shutterstock.com Kroger operates
From the performance of its shares, Plug Power (NASDAQ:PLUG) has come a long way. It spent much of the last five years trading at around $2.00. Conversely, July 2020 is its breakout month after PLUG stock climbed to a high of $10.00 before selling-off by 20%. Today, it’s trading at more than $11. Source: Shutterstock
The bulk of the new loans extended in early 2020 went to Ocap — a Singapore-based company run by a former Wirecard executive © REUTERS German prosecutors suspect Wirecard was looted before its spectacular collapse in June, with $1bn funnelled to opaque partner companies even as the payments group fought allegations of accounting fraud.
Source: Quicken Loans Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the company
Check out the companies making headlines after the bell: Dropbox — The data services company’s stock fell 6% during extended trading despite beating analyst predictions for second-quarter financial results. Dropbox posted earnings of 22 cents per share excluding certain items, which was 5 cents higher than analysts expected, according to Refinitiv. The company recorded revenues of $467
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