Wednesday, November 6, 2024
Shares of AstraZeneca PLC (AZN) pulled back earlier this week after the company paused its COVID-19 vaccine trial. That followed an unexplained illness in one of the trial volunteers. In an emailed statement, AZN said: “As part of the ongoing randomized, controlled global trials of the Oxford coronavirus vaccine, our standard review process was triggered […]
For the broader U.S. stock market, the pandemic-triggered crash has come and gone. In February and March, the S&P 500 stock index experienced a short-term bear market, dropping by over 35% from its early-February peak to the late-March bottom. The S&P 500 steadily recovered the losses and then some, with the index now up 11% […]
The market finally saw some active selling last week, with volatility climbing quite a bit higher. The iPath VIX Short-term Futures ETN (VXX) is one of the most popular ways to trade volatility. It covers the first two VIX futures contracts and tends to go up sharply when the market sells off. As you may […]
The Nio Inc. (NIO) boom continues. Over the last two months, the NIO stock price soared from $11 to a recent high of $18. From here, NIO stock could see higher highs after reporting another record month of deliveries. For August 2020, NIO completed 3,965 – a year over year increase of just over 104%. […]
Investors with interest in yields soon find their way into the world of closed-end funds (CEFs). During this period in history, when fixed income investments often yield less than one percent, the high single-digit or low double-digit yields on many CEFs are compelling. Yet the aftermath of the pandemic-triggered crash early in 2020 will start […]
Anyone remember the commercials for “Friendly Bob Adams” of Household Finance? They advertised “debt consolidation loans”. Bring all your payment booklets, pay off your debts and consolidate them into one loan with a lower monthly payment. Theoretically it took the pressure off those living from paycheck to paycheck, up to their eyeballs in debt. A […]
Despite the major stock indexes hitting record highs, this hasn’t been the easiest market to trade for many investors. For starters, value investors have been left in the dust. This is certainly a growth market; however, even growth stock investors may be struggling if they aren’t in the handful of outperforming industries. Most of the […]
After crippling Huawei and throwing cold water on ByteDance’s global business, the Trump Administration has turned its sights on a third Chinese technology giant, Tencent (TCEHY). Tencent was the only Chinese company to feature in the world’s ten largest providers of both apps and games by download volumes last year, according to the mobile platform […]
Shares of Zoom Video Communications (ZM) exploded from $317 to a high of $462.80 on earnings. ZM Revenue soared 355% to $663.5 million, topping analyst expectations for $500.5 million. Adjusted EPS came in at 92 cents, which was more than double expectations for 45 cents. ZM also raised its guidance for the full 2021 fiscal […]
Last week there was a COVID-19 testing announcement with the potential to let United States citizens and the U.S. economy more quickly return to some semblance of normalcy. The availability of a $5.00, 15-minute COVID test will let life return to a more historical level of activity. On Wednesday, August 26, Abbott (ABT) announced it […]
