U.S. stocks rallied for a third straight day on Wednesday on encouraging U.S. economic data and waning fears of the financial fallout from a virus out of China but losses in Tesla shares pulled the Nasdaq off its record high.
Two companies are set to report earnings – and I believe both are primed for a big move.
By the time you read this Trade of the Day issue, the first company will already have reported. And that company is Peloton (Nasdaq: PTON).
Going into the report, Peloton has been quite polarizing. Its 2019 sales growth is currently 110.3% – and Wall Street loves rewarding growth with a huge price premium. But on the other hand, Peloton was just downgraded by Bank of Montreal Capital Markets (before market open) with a $27 price target.
Even more dramatic, Citron Research set a $5 price …read more […]
The anti-robocall momentum is picking up steam as the government has begun a crackdown of companies that enable illegal robocallers to operate. …read more […]
Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments have not been found to combat the virus.
According to a new report from CreditCards.com, more than half of millennials admit to committing financial infidelity. Yahoo Finance’s Zack Guzman & Sibile Marcellus, along with Independent Women’s Forum Board Member Nan Hayworth discuss on YFi PM. …read more […]
Amid the Iowa caucus chaos, independently run startup Iowa Starting Line is aiming to provide its readers with a unique take on the local political scene that others may be covering. Iowa Starting Line Founder Pat Rynard joins Yahoo Finance’s Zack Guzman and Sibile Marcellus, along with Former Congresswoman Nan Hayworth, to discuss. …read more […]
Q4 2019 Sirius XM Holdings Inc Earnings Call …read more […]
President Trump gave his third State of the Union address Tuesday night, targeting Democrats and their health care plans. Former Treasury Deputy Assistant Secretary & Renaissance Macro Research Head of Policy Stephen Pavlick joins Yahoo FInance’s Zack Guzman, Sibile Marcellus and Former Congresswoman (R-NY) and Independent Women’s Forum board member Nan Hayworth on YFi PM to discuss. …read more […]
(Bloomberg) — The Central Intelligence Agency is planning to hire multiple companies for lucrative cloud computing deals in a new program that will give rivals a chance to take on market leader Amazon.com Inc.The U.S. government posted draft requirements this week for new CIA contracts that aim to build on commercial cloud capabilities the intelligence community first gained through a $600 million contract awarded to Amazon in 2013, according to documents presented to industry and obtained by Bloomberg News.Microsoft Corp., International Business Machines Corp. and Oracle Corp. are catching up to Amazon with new technical offerings, public-sector clients and federal …read more […]
Texas Attorney General Ken Paxton, who is leading a multistate investigation into Alphabet Inc’s Google unit, said on Wednesday he has not taken any possible punishment off the table, including breaking up the search and advertising giant.
Oil prices jumped about 4% on Wednesday on media reports that scientists had found a drug breakthrough for the fast-spreading coronavirus, an outbreak that continues to weigh heavily on global economic activity and oil demand.
Co-living apartments are an up and coming trend across all major markets in the U.S. and across the globe. Yahoo Finance’s Brooke DiPalma joins On The Move to share a special report for the newly launched Cashay. She stayed for one night in a Roomrs’ location in Crown Heights, Brooklyn. …read more […]
A superior labor court in Sao Paulo state ruled on Wednesday that there is no employment relationship between Uber and its drivers, siding with the ride hailing company against a driver in the Guarulhos district.
Wall Street rallied for a third straight day on Wednesday after a clutch of positive data pointed to strength in the U.S. economy, but losses in Tesla shares pulled the Nasdaq off its record high.
Shares of Tesla tumbled 19% on Wednesday, hitting the brakes on a dramatic rally after a senior executive warned the coronavirus outbreak in China would delay deliveries of Model 3 cars made at its Shanghai plant.
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