Month: September 2020

On June 16, I urged you to steer clear of electric heavy-duty truck maker Nikola Corp. (Nasdaq: NKLA).
Since then, Nikola’s stock price has struggled… to say the least.

In fact, in just over three months, Nikola’s share price is down more than 65%.
My reasoning for steering clear back in June was pretty simple. Nikola’s stock market valuation back then was based solely on hype and not on the fundamental prospects of the underlying business.
Here is what I said on June 16:
Investors buying shares of Nikola today at this lofty $30 billion-plus valuation get a company that generates exactly the following:

$0 in …read more […]

The three major indices’ modestly higher closes earlier in the day belied an ongoing bout of volatility in equity markets over the past several weeks. …read more […]

Tesla Inc’s (NASDAQ: TSLA) Cybertruck is nearing release, with Gigafactory Texas construction continuing at a fast pace.It now appears Tesla is preparing in other areas as it preps special Supercharger stalls for the futuristic pickup.Public plans have emerged for a new Supercharger in Pasadena, California, according to Electrek.Tesla will be installing 20 250kW V3 Superchargers, with six spaces especially built for the upcoming Cybertruck.These are Tesla’s fastest chargers, allowing a Model 3 to reach an 80% charge in under 20 minutes of charging. One thing that is not clear from the plans is whether these spaces are only wider, or …read more […]

Established a platform for strong revenue growth and operational efficiency with a strengthened balance sheet2020 Fourth Quarter Highlights: * Increased recreational sales net revenue by 27% quarter-over-quarter and 373% year-over-year, supported by brand expansion and the introduction of Cannabis 2.0 products * 36 active retail SKUs listed, with presence in all 10 provinces * Completed the first and second shipments of medical cannabis to Israel through its Truverra brand * Right-sized operations delivering immediate cost savings, reducing quarter-over-quarter operating expenses (after restructuring) by 9% and 65% year over year * Maintains a strong liquidity position including a cash balance of …read more […]

On Thursday, the White House revealed new details of Trump’s health care plans as his administration move to repeal the Affordable Care Act at the Supreme Court. This comes as the recent passing of Supreme Court judge Ruth Bader Ginsburg, has put health care reform under intense scrutiny. Yahoo Finance’s Rick Newman joins The Final Round to discuss the details. …read more […]

Costco Wholesale released its fourth quarter earnings report after hours on Thursday, beating investor expectations on both revenue and earnings per share. The company said that it was negatively affected by coronavirus premium wage expenses and new sanitation costs. Yahoo Finance’s Myles Udland breaks down the company’s earnings report on The Final Round. …read more […]

Exxon Mobil’s dividend yield has continued to rise in a year that the stock has fallen by more than 50%. What Happened: Exxon Mobil Corporation’s (NYSE: XOM) dividend yield is sitting above 10% as of Thursday.The company paid out a dividend of 87 cents in September. Based on the ex-dividend date of Aug. 12, the annual dividend rate was 7.9%.The dividend yield was 7.9% and 5.8% at the ex-dividend dates of the other dividends paid in 2020.In 2019, all four ex-dividend dates were at yields of 5% or less. In 2018, all four dates were 4.1% or less. Charts dating …read more […]

(Bloomberg) — Novavax Inc. climbed as much as 6.7% in extended trading on plans to start enrolling participants for a late-stage study of its experimental shot for the novel coronavirus in 10,000 patients in the U.K.The company joins the ranks of AstraZeneca Plc, Pfizer Inc. with German partner BioNTech SE and Moderna Inc. as its vaccine enters the final stretch on the path toward regulatory approval. There are roughly 38 shots being tested in humans around the world and more than 140 others in earlier stages of study, according to the World Health Organization’s estimates.Half of the people enrolled in …read more […]

BROOMFIELD, Colo., Sept. …read more […]

Yahoo Finance’s Dan Howley joins Akiko Fujita to break down the details of Amazon’s latest smart device. …read more […]

If you’re an active investor, it is likely that you’ve considered investing in Tesla. And if you’re new to investing, you may not have learned how to invest in Tesla in the first place. Since the end of 2019, Tesla’s (Nasdaq: TSLA) stock has been climbing at an alarming rate. The stock went from a 52-week low of $44 to a 52-week high of over $502. But even with such rapid growth, many investors are still not biting.

One of the frequent criticisms you might hear about Tesla is that the stock is priced based on the company’s future potential and …read more […]

Wealth Consulting Group CEO Jimmy Lee joins Akiko Fujita to break down the latest market action, as 870,000 Americans file for first time unemployment benefits. …read more […]

Markets are volatile, there can be no doubt. So far this month, the S&P 500 has fallen 9% from its peak. The tech-heavy NASDAQ, which had led the gainers all summer, is now leading the on the fall, having lost 11% since September 2. The three-week tumble has investors worried that we may be on the brink of another bear market.The headwinds are strong. The usual September swoon, the upcoming election, doubts about another round of economic stimulus – all are putting downward pressure on the stock markets.Which doesn’t mean that there are no opportunities. As the old saw goes, …read more […]

Tesla may attract all the headlines among millennial traders on Robinhood.
But in terms of wealth generated for investors over time, Apple trumps Tesla any day of the week.
On August 19, Apple’s shares climbed 1.4% to $468.65, making it the first U.S. company to push through the $2 trillion market cap barrier.
Yes, the Silicon Valley-based tech giant has pulled back from its all-time highs over the past few weeks.
But Apple remains the world’s largest company as measured by market capitalization.

Click here to watch Nicholas’ latest video update.
Not only is it five times the size of Tesla…
But Apple is more valuable than …read more […]

John Kagia, New Frontier Data Cheif Knowledge Officer, joins Yahoo Finance’s Zach Guzman to discuss the cannabis outlook amid COVID-19 and the 2020 Presidential election. …read more […]