Wednesday, November 6, 2024
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 […]
Global pandemics and civil unrest don’t seem to impact stock prices, but it remains challenging to find yield in a world of near-zero interest rates. Central banks are doing everything they can to keep global economies from crashing (which is the main reason stock prices are stable), and the result is that yield can’t be […]
A Story Too Good to Be True Luckin Coffee (LK) had everything going for it. If there ever was the right company in the right place at the right time, this was it. Billed as the Starbucks of China, the coffee chain had grown at a blistering pace. It went from its founding to an […]
Many investors buy hot or well-known stocks in the hope that share prices will continue to rise. However, as I was advised many years ago, hope is not a plan. The plan I share with my subscribers derives from conversations I had over several decades with investors who have actually become wealthy by investing in […]
Moderna’s (MRNA) stock has given investors heartburn recently. Moderna first announced promising news related to a COVID-19 vaccine in mid-May. After the news sent MRNA skyward, the company announced it would be doing a secondary offering, in an attempt to raise just over $1.3 billion. Then, a few days later, vaccine experts started questioning MRNA’s […]
After earnings last week, there was quite a bit of options action in Costco (COST). With the pandemic in full swing, COST has performed better than many retail stocks due to the nature of its business. That is, bulk buying is exactly what people were looking for during a prolonged period of being stuck at […]
As the U.S.—and the world for that matter—begins the reopening process, every business is trying to figure out what the new way of doing business looks like. We already know what the white collar version of post-pandemic business has become. It’s Zoom (ZM) meetings, Docusign (DOCU) virtual document management, and Activision (ATVI) [gaming in between […]
The stock market crash that began at the end of February and lasted through the end of March was especially brutal for high-yield investments. There is some logic to the deep sell-off of higher yield dividend stocks. These companies pay out most of their free cash flow as dividends, and the economic shutdown puts those […]
The Hartford Insurance Group (HIG) has declared a dividend of $0.325 per common share for shareholders of record on June 1st. Currently, the company has a dividend yield of 3.3%. HIG recently announced earnings, they cited the fact that Hartford had returned $258 million to shareholders in the first quarter. $108 million of that total […]
