Friday, December 27, 2024
Gig economy stocks, like LYFT Inc. (LYFT) and Uber (UBER) got a boost earlier this week on the passage of California Prop 22 won. As noted by The Guardian, LYFT and UBER won a major victory to classify drivers as contractors, not employees following the passage of the measure. “The passage of proposition 22 in […]
Finally, election day is in the books. No more calls, texts, or TV ads, and soon congress and the president can get back to governing the country. Even if your guy was not the winner, do not despair about your investment prospects. History shows that the U.S. stock market has gone up during the term(s) […]
Earnings season has pretty much been a non-event this year, with investors entirely focused on the election and the COVID-19 pandemic. The week leading up to the election has been extremely volatile, and you could indeed be forgiven for not realizing earnings are still rolling out. The thing is, what may have been overlooked with […]
Enphase Energy (ENPH) is another top green stock pushing higher on a potential Biden win. In fact, since bottoming out around $40 in June 2020, ENPH has exploded to a recent high of $98.09. From here, it could explode even higher ahead of the election. [insert solar related image we’ve not used in a while; […]
Idea-sharing social media site Pinterest (PINS) is seeing a lot of options action after posting standout earnings. Like many social media companies, PINS is thriving from the remote work/study/play environment brought on by the pandemic. PINS user growth and ad revenues were better than expected, and the stock jumped over 26% higher on the day […]
Today is the day before one of the most contentious presidential elections in memory—at least my memories, which go back to JFK. I figure discussing detailed investment strategy will get lost in the noise, so today, I will use this platform to express my thoughts on broader aspects of life in the financial world. They […]
In early 2020, much of the world went into a lockdown due to a medical pandemic. Governments warned millions could die. The world was scared. Headlines like, “Coronavirus sparks stock market chaos” were common. Wikipedia reports: “During March 2020, global stocks saw a downturn of at least 25%, and 30% in most G20 nations. …. […]
Hey folks I wanted to take a few moments today to look at pattern recognition. While I really don’t think looking at patterns can make an investor successful in the long haul, I do believe that a multifaceted approach must be utilized to be a well-rounded investor. When utilizing pattern recognition we gain the tools […]
On October 20, the struggling chipmaker Intel (INTC) announced it would sell its money-losing NAND flash memory business to South Korea’s SK Hynix for $9 billion. This appears to be the start of a move toward greater consolidation in the semiconductor industry. More on that later. First, let’s look at what it means for Intel. […]
Volatility ETFs, such as the ProShares Ultra VIX Short-Term Futures ETF (UVXY) saw further upside as the markets melt down ahead of the U.S. elections, and on rising coronavirus case numbers. Over the weekend, the U.S. saw another 83,000 cases, overwhelming and exhausting hospitals. There’s even the fear of a return to lockdowns to stop […]
