Thursday, November 7, 2024
BioNTech (BNTX) and Pfizer (PFE) are pushing higher after the U.K. clear their vaccine for first shots next week ahead of the U.S. According to a press release from Pfizer: “The Medicines & Healthcare Products Regulatory Agency (MHRA) in the U.K. has granted a temporary authorization for emergency use for their COVID-19 mRNA vaccine (BNT162b2), […]
Shares of Grocery Outlet Holding (GO) have dropped over 20% since reaching a 52-week peak of $48.87 in early November. Some of the selling pressure came ahead of the company’s third-quarter earnings announcement and continued afterwards despite an impressive quarter. Grocery Outlet reported third-quarter earnings of 50 cents a share on revenue just north of […]
There are a few asset types that typically serve as safe-haven investments—assets commonly used by investors when they are concerned about the market. Whether the concerns are economic or political in nature doesn’t really matter. The most common safe-haven investments are gold and bonds. A third category that isn’t quite as popular is utility stocks. […]
Thanks to an accelerating electric vehicle boom, lithium stocks – like Lithium Americas (LAC) are racing higher. In fact, since Sept. 2020, LAC ran from a low of $7 to $11.52, and could see higher highs on the lithium and electric vehicle (EV) stories. At the moment, the LAC stock price is moving because electric […]
There was a significant amount of unusual options activity in Palantir (PLTR) last week, with volume 9x the regular amount on one day last week. The data analysis company’s products are used for defense and intelligence and could replace more expensive technology/resources in the US if military spending is cut. The stock was up big […]
When investors hear the words “electric vehicles,” they most often think of Tesla (TSLA) — and rightly so: the TSLA stock price is up 635% over the past year and 485% year-to-date.It’s up about 6,600% since it came public! The TSLA stock price is up even more because the latest earnings report was stellar. As […]
My wife Jo had some CDs mature. If we renewed them at the current .4% rate, she would take an 80% income cut. She remarked, “That’s not enough income to pay the bills. We don’t want to tap into the principal each month to make ends meet.” What would be a perfect retirement plan? I […]
New Jersey and Arizona just voted to approve amendments to legalize the use of green for those above the age of 21. Voters in South Dakota approved it for medical use. Voters in Montana voted to legalize, regulate and tax recreational green for adults 21 and older. In addition, investors are speculating that with Joe […]
Is the stock market open on Black Friday? That’s a question investors ask about the stock market including the New York Stock Exchange, Nasdaq, and others. This year Black Friday falls on November 27, 2020. The stock market is closed on Thursday, November 26 for the Thanksgiving holiday. On Black Friday the stock market – […]
Is the recent energy sector breakout here to stay and do we have higher to go? Watch the video to see my thoughts on this recent market event.
