Sunday, November 24, 2024
Rocket Companies (RKT), the parent of mortgage lender Quicken Loans, made its initial public offering debut in early August. The company raised roughly $1.8 billion in its IPO, much less than the $3.3 billion that had been expected. RKT had priced 100 million shares at $18, with the deal size cut from 150 million in […]
There have been periods in the past during which investing in bonds was interesting. Some of the best books about Wall Street were written about bond desks in the ‘80s. These days though, the fixed income world is plagued by ultra-low rates. Much of the investment world has turned its attention to equities and other […]
Digital Turbine (APPS) has become of the most explosive stocks on the market. APPS, which provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide, has seen its stock run from a low of $12 to $56.40 since late July 2020. Helping APPS quite a […]
Gold miners have been popular this year among investors, but they can be even more interesting when covered calls or cash secured puts are involved. This past week, some sold January 2023 puts on VanEck Vectors Gold Miners ETF (GDX), a $16 billion gold miners fund. GDX doesn’t pay much of a dividend, so using […]
Nobel Prize winner Paul Krugman is at it again. He recently wrote, “US needs a really, really big relief package to keep its economy afloat.” Mr. Krugman’s opinions vary, depending on the political landscape. In late October 2016, anticipating the election of Hillary Clinton, he wrote, “Debt, Diversion, Distraction”. “Are debt scolds demanding that we slash spending […]
We continue to be in what I consider a very bullish market environment for risk assets. I really just wanted to take a moment and give an update on things that we like.
Tilray Inc. (TLRY) jumped 24% earlier this week on news it and Aphria are combining their businesses to become the world’s largest cannabis company. According TLRY’s latest press release, “On a pro forma basis for the last twelve months reported by each company, the Combined Company would have had revenue of C$874 million (US$685 million).” […]
Papa John’s (PZZA) is up 33% in 2020 overall, but still down 18% from its early September all-time high of $102.25. Following a recent consolidation period between $80-$82.50, shares are showing signs of breaking out and could be setting up for a return to the high $90s over the next few months. In early November, […]
2020 has been a year unlike any other, especially for the stock market. There has been a crash, a recovery, a massive sector rotation, persistent high volatility, and a host of IPOs. Despite the pandemic’s impact on the global economy, investors can’t seem to get enough of new stocks hitting the market this year. We’ve […]
5G stock, Inseego Corporation (INSG) just gapped above triple top resistance to $15.47. The stock, now up 82% since bottoming out at $8.47 in November, could see higher highs with a good deal of catalysts. For one, T-Mobile just made Inseego’s 5G MiFi M2000 its first hotspot. “We are extremely proud to be the trusted […]
