Stock Market

A pedestrian walks by a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: Uber — Shares of the ride-hailing company slid more than 2% in extended trading after Uber reported fourth-quarter results.

Tuesday was a good day for investors of Heat Biologics (HTBX). Shares blasted off by 50%, after the biotech company announced positive interim data for its lung cancer treatment. Specifically, in the Phase 2 trial of HS-110, in combination with Bristol-Myers Squibb’s OPDIVO (nivolumab) in advanced non-small cell lung cancer (NSCLC), there was a significant

A photo illustration shows the suspended Twitter account of U.S. President Donald Trump on a smartphone at the White House briefing room in Washington, U.S., January 8, 2021. Joshua Roberts | Reuters Check out the companies making headlines in midday trading.  General Motors – Shares of the legacy automaker dropped about 3.5% after the company

by visualcapitalist The Briefing In 2020, a handful of companies thrived in the face of the pandemic Medical stocks made up nine of the top 20 stocks, followed by seven in the Tech/Online category Chart: The 20 Top Stocks of 2020, by Price Return and EPS In the whirlwind of the pandemic, most businesses experienced chaos. From shuttered physical stores

Momentum trading is all the rage these days. That’s one way to explain the 22% gain in Hanesbrands (HBI) stock after it reported fourth quarter earnings on February 9. This is not to say that the report wasn’t good. The company, known for its comfort apparel, delivered a comfortable beat on both the top and

Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy,

by Charles Hugh-Smith Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff. What exactly is the Middle Class and what unique role does it serve in the economy? Given that the Middle Class is constantly invoked by politicos and

Oshkosh (OSK) might lack the glam associated with electric vehicle-focused companies, but the specialty truck maker knows which way the wind is blowing. Last Thursday, the company announced it is investing $25 million in Microvast, an EV battery manufacturer. The two have also signed a joint development agreement to advance future battery collaborations, which will

Wall Street Bull statue in New York’s Financial District. Erik McGregor | LightRocket | Getty Images Rising interest rates can set off alarms in the stock market, but strategists say be prepared, not afraid. For now, interest rates are rising with the idea that inflation will also go higher. But the alert right now is

by Michael Snyder The economic downturn that we are currently experiencing is making the last recession look like a Sunday picnic.  Yes, 2008 and 2009 were bad, but they weren’t anything like this.  Unprecedented intervention by the Federal Reserve has allowed the rich to get even richer during this crisis, but meanwhile millions upon millions

The mainstream adoption of Bitcoin is gathering pace. What was once an unruly asset tagged as fit only for speculators and criminal online activity, has blossomed into a financial instrument coveted by the world’s most prominent investment firms. Companies have been stock piling BTC, and on Monday, Bitcoin surged again after it became apparent Tesla

Take a look at some of the biggest movers in the premarket: Coty (COTY) – The cosmetics company reported quarterly profit of 17 cents per share, 10 cents a share above estimates. Revenue essentially was in line with forecasts. Coty said its profit got a boost from increased cost savings even as demand was dented

Shares of Coherent jumped 13.6% on Feb. 8 after the laser manufacturer announced a buyout bid from MKS Instruments, in a deal valued at $6 billion. According to the unsolicited proposal from MKS, each Coherent (COHR) share would be exchanged for $115 in cash and 0.7473 of MKS share. Shares of MKS dropped 8.1% to

by Michael Snyder Did you hear about the outbreak of the new “mystery disease” in Tanzania?  What about the alarming new outbreak in Congo?  New developments in South Africa are making headlines all over the globe as well.  Despite all of our advanced technology, humanity remains extremely vulnerable to outbreaks of disease, and many believe

The new coronavirus mutant strains are playing havoc with the already approved Covid-19 vaccines. The latest data shows AstraZeneca’s (AZN) vaccine, AZD1222 is ineffective against the South African variant, which has resulted in the halt of its rollout in the country. Last week, South Africa obtained its first 1 million doses of AstraZeneca’s vaccine, and

Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – Hasbro reported quarterly profit of $1.27 per share, 13 cents a share above estimates. Revenue also exceeded forecasts, boosted by ongoing increased interest in its board games and toys amid the pandemic. Hasbro shares rose 2.8% in premarket trading as

The last few months have been a breakout period for Bionano Genomics (BNGO). The share price has gone stratospheric as investors have cottoned on to the potential of its genome imaging system, Saphyr, and the impact Bionano can have in the world of cytogenetics. Oppenheimer analyst Kevin DeGeeter believes technical developments could lead to reduced

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. Tesla — Shares of the electric carmaker popped 1.6% after an SEC filing showed Tesla bought $1.5 billion worth of bitcoin.

by moneymetals One of the most bullish backdrops for precious metals is an environment of negative real interest rates – that is, when bonds and cash yield less than the inflation rate. With inflationary pressures picking up and the Federal Reserve showing no signs of lifting its benchmark rate anytime soon, real short-term rates could fall

Peloton Interactive’s 2Q earnings and revenues topped the Street’s estimates. The company also raised its sales outlook for fiscal 2021. However, shares of the fitness products maker dropped about 5.9% on Feb. 5 due to continued delay in product deliveries, which resulted in “significant carry-over of undelivered product” into the third quarter. Peloton (PTON) said,

Shares of TG Therapeutics spiked 12% on Feb. 5 after the US Food and Drug Administration (FDA) approved Ukoniq (umbralisib), its investigational compound, for the treatment of adult patients with relapsed or refractory marginal zone lymphoma (MZL). The stock gained another 4% in Friday’s after-hours trading. Specifically, the FDA granted approval for the treatment of

After January’s sell-off, February’s first week of trading saw the stock market firmly back in bull mode. All 3 major indexes closed off the week at or at touching distance from all-time highs, as the market reacted favorably to the latest job data and the Democrats’ decision to move forward with a $1.9 trillion stimulus

Amazon and its subsidiary Whole Foods have been cleared of wrongdoing by a US federal judge for allegedly illegally punishing employees who chose to show support for the Black Lives Matter (BLM) movement in solidarity with their black colleagues by wearing BLM facemasks, according to Reuters. The class action, filed in July last year accused

The effect clinical trial results can have on a pharma company’s stock are tremendous and can work both ways. Disappoint investors and a sharp descent for the shares is likely. Conversely, release encouraging news, and the sky’s the limit. It is safe to say that in the case of Cassava Sciences (SAVA), investors were very

by confoundedinterest17 What is the low down on low downpayment mortgages? Gerald Hanweck, Gary Fissel and I attempted to unravel the dangers to the financial system (or taxpayers) of low downpayment mortgages during the financial crisis. (The attached paper is forthcoming in Journal of Fixed Income.) The FHA guarantees low down payment mortgages as do Fannie

It is well known by now that several companies were particularly well positioned to use the pandemic to their advantage. Peloton (PTON) is a good example. As the populace moved indoors for the majority of 2020, so did people’s workout regimes, which led to outsized demand for Peloton’s stationary bikes. Indeed, Peloton’s FQ2 earnings were

by Robert Ross In January, a group of traders bid up GameStop (GME) shares from $20 to $483. It might have gone even higher if brokers didn’t scramble to impose trading limits on this beleaguered video game retailer. Meanwhile, the pool of buyers grew in size in just a matter of hours. And they quickly banded together to

Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton doubled consensus estimates in reporting quarterly profit of 18 cents per share, and the fitness equipment maker’s revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays

PayPal (PYPL) was a prime beneficiary of the pandemic driven pivot to digital payments last year. As the company’s strong 4Q20 results can attest, the trend showed no signs of wavering right until the year’s end. Profit tripled in the quarter on a year-over-year basis, with net income rising from $507 million in 4Q19 to

A pedestrian wearing a protective mask walks past a closed restaurant as snow falls in New York, on Thursday, Dec. 17, 2020. Angus Mordant | Bloomberg | Getty Images January’s jobs report shows that Covid’s grip on the economy is relentless, but there are signs that pent-up demand and hiring could improve as the vaccine