Month: August 2020

If you are looking for an out and out success story in 2020, look no further than fintech player Square (SQ). Since bottoming out on March 20, the stock has risen by a very impressive 303%. Along the way, the company’s outsized performance has confounded analysts’ expectations, causing model revisions while the stock has showed no signs of slowing down.The latest to give a positive tweak to their Square model is Deutsche Bank analyst Bryan Keane. The 5-star analyst reiterated a Buy rating on SQ shares, while boosting his price target from $140 to $180. What’s in it for investors? …read more […]

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Let’s begin today with a good news / bad news situation…
Bad news first.
Yesterday in The War Room, I floated the idea of playing a call spread on Salesforce (NYSE: CRM).
But then, I decided to pass on making the trade.
In retrospect, that was a terrible idea.
Salesforce reported strong earnings – and gapped up over $30 in this morning’s pre-market trading.
The call spread, which I passed on, would’ve absolutely crushed it today – maxing out to a huge overnight winner.
Grrrrrrrrrrr…
But luckily, we also have good news…
You see, in place of Salesforce, I decided to make a trade on Urban Outfitters (Nasdaq: URBN).
You’ve …read more […]

(Bloomberg) — Retail investors’ frenzy over small stocks in India has reached such extremes that shares of some companies that aren’t booking any sales, let alone profits, are going through the roof.These include Transglobe Foods Ltd., a fruit-jam maker that has skyrocketed more than 4,300% this year, and real-estate services firm Shree Precoated Steels Ltd., which has jumped over 1,300%. Both companies booked losses on no sales in the latest fiscal year.The prospect of risky investments turning sour raises concerns that any sudden withdrawals by small traders could wind up hurting the broader market as well. That’s due to the …read more […]

It was a rough start to the week for Onconova Therapeutics (ONTX) to say the least. On Monday, the company announced that in the Phase 3 INSPIRE study of rigosertib in high-risk (HR) myelodysplastic syndromes (MDS), the candidate failed to meet both primary endpoints. Patients had been randomized to receive either IV rigosertib plus best supportive of care (BSC) or physician choice (PC) of therapy with BSC, with the data indicating that overall survival in the HR-MDS population was 6.4 months for the rigosertib arm and 6.3 months for the PC arm. It didn’t help that no statistical difference was …read more […]

At the end of 2014, there were fewer than 1 million electric cars on the road.
But over the next five years, electric vehicle adoption increased by an average of 60% annually. By December 2019, there were 7.2 million electric cars in operation globally.
(Including mine! I own a Tesla and was one of the earliest voices to champion the company’s stock.)
Today, about 40% of all EVs are in China. But Europe and the U.S. are both experiencing rapid EV growth.
The car-buying public is jumping into EVs in a big way. And utilities have been able to handle the increased load to …read more […]

Smart investing involves taking the long view. As Warren Buffett has famously said, “If you’re not willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” The best way to realize gains in the stock market: get in, and stay in. Patience is a virtue, and compound interest is your friend.That said, the issues become how to find the right stock for the long-term portfolio. The information you need is all out there – but there’s a lot of it, and it’s easy to get intimidated by the flood of data. That’s where …read more […]

LIMERICK, Ireland, Aug. 26, 2020 /CNW/ – kneat. …read more […]

Investors mounted a new rally behind Netflix, with shares of the streamer jumping 11.6% on Wednesday, to close at an all-time record $547.53 per share. The new high-water mark gives Netflix a market capitalization of more than $241 billion, buoyed by renewed optimism in the company’s ability to hold on to its huge subscriber gains […] …read more […]

But one expert says borrowers now have just a few weeks to beat the new surcharge. …read more […]

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Jefferies is raising Tesla’s price target to a ‘street high’ of $2,500, or $500 after the 1-5 split, with the firm noting that “nothing matters more than comprehending how the ‘Millionmile’ batteries could profoundly change the auto business model.” The Final Round panel breaks down the details.
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Roku and Netflix are among several technology-related companies that have benefited as a result of the coronavirus pandemic, with people around the world spending more time at home. Citi analyst Jason Bazinet started coverage of Roku with a $180 price target, compared with Wednesday’s price of about $164. In his research note published late on Tuesday, Bazinet pointed to strong subscriber growth and increased value per subscriber, in a trend he suggested would also benefit Netflix. …read more […]

Wednesday Wealth Recap

Investors often worry about things they can’t control: presidential elections, inflation, economic growth, etc… but Alexander Green has a long list of things you can control. So stop stressing, and focus on these seven factors.
In the 1950s, an Austrian economist popularized the term “creative destruction.” Nicholas Vardy explains what it means… and how investors can take advantage of the concept.
Be gone, cubicles. COVID-19 is forcing companies to ponder the future of office space. And Chief Trends Strategist Matthew Carr knows which kinds of stocks you should bet on.

Note from Managing Editor Allison Brickell: Americans today are trading more …read more […]

(Bloomberg) — Salesforce.com Inc. plans to cut about 1,000 jobs, people familiar with the situation said, a move by the software giant to streamline its business even as it reports record quarterly revenue and forecasts further gains.Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information. In the U.S., the move affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams, one of the people said. The cuts are taking place in more than a dozen …read more […]