Friday, November 22, 2024
Hartford Insurance Group (HIG) has announced a major extension of its partnership with AARP, providing home and automobile insurance to AARP members. The extension of the HIG partnership will now run through January 1, 2033. AARP has over 38 million members who can access insurance with Hartford through the program. HIG president, Doug Eliot, commenting […]
Despite a global pandemic and worldwide civil unrest, stocks have mostly gone up. The exuberance of investors is impressive, if perhaps misplaced. It certainly remains to be seen if the gains can hold up when the expected second wave of COVID-19 hits in the fall. Despite the large move in stocks (the Nasdaq just hit […]
Since bottoming out at $89 in March 2020, shares of Boeing (BA) exploded to $204. Analysts appear just as bullish on BA, with Seaport Global initiating coverage of the stock with a buy rating, and a target price of $277. Goldman Sachs also raised its price target on Boeing from $209 to $238 with a […]
The shutdowns ordered by city and state officials had the perverse effect of labeling brick-and-mortar businesses as either essential or non-essential. An essential business designation allowed those businesses to remain open. Non-essential companies were forced to close their doors; those companies whose employees could not do their jobs from home soon found they were furloughing […]
Nikola Corporation (NKLA) has captured investor’s attention like no other stock this year. The company, which has yet to produce or sell a product, has made headlines on a number of fronts. NKLA received some unwanted attention last month, when the company was one of several public companies to file for funds under the Cares […]
Stocks rallied sharply last week on better than expected May job numbers. Some of the most beaten down stocks from March saw the biggest gains. Companies like airlines, car manufacturers, and banks saw the most bullish action in the options market. General Electric (GE) is a company that was hit pretty hard in March and […]
Shares of electric vehicle maker, Nio (NIO) have faced plenty of pressure this year. However, it appears the EV stock has turned a corner after reporting another month of record deliveries. For May 2020, the company delivered 3,436 vehicles. That included the delivery of 2,685 ES6s and 751 ES8s. “In May, we achieved record-high monthly […]
Retail stores and sit-down restaurants were two types of business decimated by the coronavirus pandemic. Now in most of the country, these business types are in the early days of reopening. The big question is how fast consumers will return to in-store shopping and dining out. Investors want to know which companies will see business […]
Sonic Automotive (SAH) has moved substantially higher after providing an update to investors on the company’s outlook for 2020. SAH stock has jumped almost 19%, from $24 to around $28.50 as the company gained some clarity in the midst of the COVID-19 crisis. The company said sales and traffic in its locations have been coming […]
Since mid-March 2020, DIS stock soared from a low of $79.07 to $119. However, the recovery may have only just begun for DIS, especially with a good deal of fear priced into the stock. Not only will the company just reopen Shanghai Disneyland, it set a July 11 date to start reopening Disney World, as […]
