Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II Persistently high unemployment claims show the impact of the spreading virus on the workforce, and economists are already warning that July’s employment report could show
0 Comments
Initially, many optimists viewed Luckin Coffee (OTCMKTS:LKNCY) as China’s answer to Starbucks (NASDAQ:SBUX). Certainly, it was a bold move as China is not exactly what you call a coffee-drinking culture. Nevertheless, Luckin stock enjoyed a remarkable performance, particularly when relations between the U.S. and China improved following bitter escalations of their trade war. Then, everything
0 Comments
In terms of stock returns, the last 12 months has been unimpressive for defense stocks. This has resulted in most names trading at attractive valuations. These companies have robust cash flows and a healthy dividend payout. I therefore believe that it’s a good time to consider exposure to some quality names in the industry. Geopolitical
0 Comments
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American Express (AXP) –
0 Comments
San Diego-based Sorrento Therapeutics (NASDAQ:SRNE) has become one of the hottest biopharmaceutical companies investors are watching in the rush to find a cure for the novel coronavirus. So far in the year, SRNE stock is up around 130%. Source: luchschenF / Shutterstock.com However, that number tells only half the story. In mid-March, Sorrento shares hit a
0 Comments
CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
0 Comments
Check out the companies making headlines after the bell:  Intel — Intel’s stock dropped 8% in extended trading after the company offered disappointing third-quarter guidance. Intel released its second quarter earnings, beating predictions of analysts surveyed by Refinitiv. The company reported second-quarter earnings of $1.23 per share excluding some items on revenues of $19.73 billion compared
0 Comments
Earlier last week, Nvidia (NASDAQ:NVDA) briefly eclipsed Intel’s (NASDAQ:INTC) market capitalization of $260 billion. How could a company with 15% of Intel’s revenue and 13% of the operating income share the same market value? NVDA stock insiders didn’t care to ask. Since the end of March, insiders have unloaded over $97 million in shares, compared
0 Comments