Wednesday, November 6, 2024
One of the hottest stocks this past week was Salesforce.com (CRM). The software company recently posted huge earnings and was also added to the Dow Jones Industrial Average. Being added to the DJIA is a big deal for a stock because index tracking funds have to buy it to add it to their portfolios. This […]
Since bottoming out at $1.92 in March 2020, shares of Lithium Americas (LAC) rocketed to a recent high of $7.75. All on news of a potential lithium supply shortage. According to Reuters, “A new demand surge is already looming in the form of the multiple ‘green stimulus’ packages as governments try and kick-start locked-down economies. You […]
Recent stock split announcements by Apple and Tesla have lit a fire under the companies’ share prices. I suspect that many investors scooping up the shares are not aware of exactly how the splits will work. I am curious about how new-to-the-stock market investors will react when they discover that post-split their holdings are not […]
I grabbed the clicker; “Turn off the damn TV!” No, I didn’t turn off hyped political commentary; it was the Weather Channel. They blared; millions of people were going to “suffer” from the current heatwave. The next headline, “US could set disaster record this year”, followed by 3 minutes of videos of every kind of […]
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 $28.04 since late July 2020. Helping, the company just […]
A lot of attention has been paid to the big tech companies this year, and rightly so. Big tech is leading the market to record highs, despite what the coronavirus pandemic has done (and continues to do) to the global economy. Precious metals are another area getting a lot of space in the financial press. […]
The stock market reached another new all-time high this week. For the first time ever, the S&P 500 traded above 3,400. Measured since the March low, this has truly been an impressive rally. The S&P 500 has vaulted over 50% in just five months. This one of the strongest bulls ever. Naturally, rallies like these […]
Shares of Nio Inc. (NIO) are still exploding higher, last trading at $18.87. This week, UBS analyst Paul Gong upgraded the stock to the equivalent of a Hold from a Sell. The analyst also raised his price target from $1 to $16, according to Barron’s. Strong sales are also sending the stock higher. For July […]
You have likely seen the news that the S&P 500 has recovered 100% of the losses from the COVID crash. What you won’t see in the press is the broad range of returns from the different industrial sectors used by S&P Global Ratings (formerly Standard & Poor’s). The 500 S&P stocks are subdivided into 11 […]
A newly listed company is seeing a lot of unusual options activity. The company is Rocket Companies (RKT), which owns Rocket Mortgages and Quicken Loans. Despite not being around for very long (on the exchange), over 120,000 option contacts traded on one day last week. Most of the activity was on the call side, which […]
