Cars line-up as the Los Angeles Regional Food Bank distributes food outside a church in Los Angeles on Nov. 19, 2020. Mike Blake | Reuters Nearly half a million jobs were lost in December in restaurants, casinos and other businesses most impacted by the spreading pandemic, but strong job gains in other areas show an
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from Kerry Lutz’s Financial Survival Network [embedded content] American Eagle Gold (AEG) is focused on exploring for a world-class gold deposit on its flagship property, Golden Trend. The property is located on the Cortez Trend, next door to Barrick Gold and Newmont Mining’s Gold Rush and Cortez Mine, which host over 27 million ounces of gold. The company
As the market focuses on some of the major electric vehicle companies, Workhorse (WKHS) is slowly building an order book in the last-mile delivery van sector. The stock originally surged on the massive U.S. Postal Service contract potential, but the company is slowly building a solid backlog outside of the government service. Investors still have
Traders work on the floor of the NYSE. NYSE Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump’s removal after a mob of his followers took over the Capitol Building on Wednesday.
by Robert Ross Bitcoin celebrated its 11th birthday on January 3. And what a party it’s been, with the world’s first and most famous cryptocurrency now trading near $40,000. Warren Buffett famously referred to Bitcoin as “rat poison squared.” The Oracle of Omaha might never own the King of Cryptos. But even he has to admit
Magnite, Inc. investors, represented by Kaplan Fox & Kilsheimer LLP, are looking into claims by short-seller Spruce Point Capital Management that the company allegedly misled investors and thereby violated federal securities laws. Magnite shares dropped 6% after plunging as much as 13% during the day following the short-seller report released on Jan. 7. The company
by visualcapitalist The Briefing Plenty of psychedelic stocks have experienced triple-digit returns in the last year Optimism is brewing as governments grant research approvals for the study of psychedelics on mental health By some estimates, the psychedelic drugs market is projected to see compound annual growth (CAGR) of 16.3% to reach $6.85 billion by 2027 Psyched About Psychedelics Psychedelic stocks are trading
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla remains on watch after rising for 10 sessions in a row, surpassing Facebook (FB) in market value, and making CEO Elon Musk the world’s richest person. The company’s shares rose 3.8% in premarket trading as of 7:35 a.m. ET.
Constellation Brands reported better-than-expected results in the third quarter ending Nov. 30. In addition, its fiscal 2021 earnings guidance also came ahead of analysts’ expectations. Shares of the alcoholic beverage company closed 2.3% higher on Thursday. Constellation Brands’ (STZ) adjusted earnings jumped 44% to $3.09 per share, beating analysts’ estimates of $2.42 per share. The
Kai Pfaffenbach | Reuters Check out the companies making headlines in midday trading. Micron — Micron shares popped more than 6% after a Citi analyst upgraded the chipmaker to buy from sell, citing a favorable supply-and-demand outlook. Alibaba — Shares of the Chinese e-commerce giant jumped more than 4% after CNBC’s David Faber reported billionaire
Via International Man International Man: In the past decade, the Fed’s money printing has created bubbles in stocks, bonds, real estate, and other many areas. It’s likely that the stimulus and money printing will not only continue but accelerate at breathtaking speeds in 2021. What do you think the prospects are for what the great
It’s a new year, and good time to take a look at what lies ahead. Not in the short term, but on the longer horizon. So, here’s a number to think about: $126 billion. That’s the predicted size of the Artificial Intelligence (AI) technology market in 2025. AI, once the sole province of the more
A pedestrian wearing a protective mask walks past a closed restaurant as snow falls in New York, on Thursday, Dec. 17, 2020. Angus Mordant | Bloomberg | Getty Images December’s job growth likely slowed dramatically from November’s pace and could even be negative, as businesses and consumers responded to the spreading coronavirus. Economists expect 50,000
by TrevorSaniga How to become the richest person on the planet.$TSLA@elonmusk pic.twitter.com/IjPPvBCokD — Sven Henrich (@NorthmanTrader) January 7, 2021 “When the music’s on, you gotta dance.” pic.twitter.com/NgkYpyO9oF — Rudy Havenstein, I have come for your Soul music. (@RudyHavenstein) January 7, 2021 BitCoin is “expected” to break $1,000,000. Tesla is at over 1450:1 P/E. New strain
T-Mobile released preliminary fourth quarter and full-year 2020 results yesterday that highlighted postpaid net additions of 5.5 million customers for the year. This represents the highest increase in postpaid customers in the company’s history. T-Mobile (TMUS) expanded its 5G network leadership and now reaches 280 million people. The company surpassed its aggressive goal to cover
Take a look at some of the biggest movers in the premarket: Bed Bath & Beyond (BBBY) – The housewares retailer reported quarterly profit of 8 cents per share, short of the 19 cents a share consensus estimate. Revenue also fell short of forecasts, hurt by a steep drop in store traffic and higher freight
By Chris Black This is going to be used as the excuse by the Biden Administration for cracking down on all of us. It will go down in history as “an attempted coup.” It was a completely manufactured event. After President Trump delivered a speech in DC to a huge MAGA crowd, he told his
Inovio Pharmaceuticals’ (INO) 2020 was a tale of two contrasting halves. Shares skyrocketed during the first 6 months as the small vaccine maker entered the Covid-19 vaccine race and caught a ride on investors’ appetite for coronavirus-focused stocks. However, the year’s second half was marred by disappointment as the company failed to keep up with
Democratic U.S. Senate candidates Jon Ossoff (R) and Raphael Warnock (L) of Georgia wave to supporters during a rally on November 15, 2020 in Marietta, Georgia. Jessica McGowan | Getty Images Democratic control of Congress should help keep the bull market in stocks going with a big boost of fiscal spending, but it could also
by Michael Snyder No matter how bad things become, stock prices just keep going up and up and up. In 2020, we experienced the worst public health crisis in 100 years, the U.S. economy was plunged into the worst economic downturn since the Great Depression of the 1930s, Americans filed more than 70 million claims
It’s a new year, and a good time to choose new stock to line the portfolio. Investment banking giant Goldman Sachs has been watching the markets with an eye toward the long term – and a finger on pulse of the present. The firm is bullish following the passage of the COVID relief bill last
A SunPower executive on site at the California Valley Solar Farm near Santa Margarita, Calif., in San Luis Obispo County. Michael Macor | San Francisco Chronicle | Hearst Newspapers via Getty Images Check out the companies making headlines in midday trading. SunPower – The solar company surged more than 18% as investors eyed the Georgia
by Michael Lebowitz The Fed Is Juicing Stocks We came across the following bullet points from a Seeking Alpha article titled- The Fed is not Juicing the Stock Market. It makes for a great headline, but the Fed is not the cause of this rally. Every dollar the Fed has pumped into the economy is spoken
Alibaba is planning to raise as much as $8 billion by selling US dollar-denominated bonds as early as next week, according to reports by Reuters and Bloomberg. Shares declined 1.7% in Wednesday’s pre-market session. The e-commerce giant seeks to tap at least $5 billion from international debt markets through a multi-tranche offering but could increase
Take a look at some of the biggest movers in the premarket: UnitedHealth (UNH) – The health insurer is buying health-care technology company Change Healthcare (CHNG) for $25.75 per share in cash, compared to Change’s Tuesday close of $18.24, or $7.84 billion. UnitedHealth will combine Change Healthcare with its Optum health IT unit. Walgreens (WBA)
By Chris Black Another day, another news that seems to arrive from a parallel universe ruled by WEF and Bill Gates types. Oh wait, this is from New York actually, so yeah, it figures: the NY legislature is moving to pass a bill that will allow the authorities to grab and detain indefinitely alleged Covid-19
2020 was shaped by unprecedented global events, but for avid market watchers it was also characterized by blockbuster IPOs. You can certainly put DoorDash (DASH) on the list of companies who made glitzy market entries. Shares accrued 86% of gains in the food delivery specialist’s debut session, immediately prompting the question — is DoorDash already
by Lance Roberts Welcome to 2021. As we kick off a new year, we begin with the S&P 500 trading at historical extremes. It is essential to have some perspective to set reasonable expectations for future returns and quantify the “risk” of something going wrong. As we discussed with our RIAPRO.NET subscribers yesterday, the real risk to the market in
Cases of eggs from Cal-Maine Foods, Inc., await to be handed out by the Mississippi Department of Agriculture and Commerce employees to several hundred families along with over 1,400 boxes of meat products from Merchants Foodservice and 2,200 gallons of milk from Borden Dairy, at the Mississippi State Fairgrounds in Jackson, Miss., Aug. 7, 2020.
Alibaba has put an end to its ambitions of breaking into China’s entertainment industry and will be shutting down its Xiami Music app on February 5, according to CNN Business. Alibaba (BABA) bought Xiami in 2013, hoping to establish itself as a leader in China’s music and entertainment market, however, CNN Business has reported that