After Labor Day, volatility should pick up again especially if the VIX falls over the next three weeks. This will be our complacency indicator. …read more […]
DraftKings (DKNG) is in the spotlight following an internal IRS memo suggesting that daily fantasy sports (DFS) operators will have to pay tax on their entry fees.An IRS Chief Counsel Memorandum determined that DFS entry fees are taxable wagers, writing: “A DFS entry fee is a wager of money by the participant with respect to a sports event or contest placed with a person engaged in the business of accepting such wagers.”It also stated that if a DFS operator is liable to pay excise taxes on wagers, then each DFS operator is liable to pay the occupational excise tax and …read more […]
Gold bulls are still nursing their wounds after the precious metal suffered its worst decline since March. …read more […]
(Bloomberg) — A growing number of amateur stock traders in China are making their biggest decisions in the dead of night.It was 4 a.m. when Li Bohao, a 23-year-old Beijing native, got a panicked call from a friend telling him to sell all his shares of Nio Inc., the U.S.-listed Chinese electric-car company dubbed the “Tesla of China.” The stock was on the slide and analysts were speculating it could soon be worthless. Li took the advice — and missed out. Nio’s shares are now worth over four times more than when he sold in March. The comic animation entrepreneur, …read more […]
U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba after he moved to ban TikTok. Asked at a news conference whether there were other particular China-owned companies he was considering a ban on, such as Alibaba, Trump replied: “Well, we’re looking at other things, yes.” Trump has been piling pressure on Chinese-owned companies, such as by vowing to ban short-video app TikTok from the United States. …read more […]
* This weekend’s Barron’s suggests ways to play U.S.-China tensions and the stock-splitting trend. * Other featured articles look at how the election could affect health care stocks and what to expect from big-box retail earnings. * Also, the prospects for a pharmaceutical giant, regional bank dividends, pet stocks and more.How to Profit From the U.S.-China Cold War” by Reshma Kapadia explains why investors should watch for certain risks and opportunities in the escalating tensions between the United States and China. Does Barron’s believe Nike Inc (NYSE: NKE) is a play?Al Root’s “How to Play Stock-Split Mania” points …read more […]
Chief Income Strategist Marc Lichtenfeld has a hidden advantage on the market…
He’s experienced it from the inside.
As an analyst at Wall Street’s most contrarian research firm, Marc learned all of the company metrics and tricks of the trade that the “smart money” use to outearn the average investor.
But while studying for his Series 86 exam, Marc had a breakthrough…
He realized that one commonly used metric – watched by small-budget investors and Wall Street giants alike – fails to give shareholders an accurate picture of their stocks’ health.
In fact, it tells a misleading story…
But if you know where to look, another …read more […]
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week’s bullish calls included a social media leader and specialty retailers. * Big tech stocks and a COVID-19 play were among the week’s bearish calls.In another roller-coaster week for the markets, the Nasdaq and the S&P 500 managed to end relatively flat, while the Dow Jones industrials pulled off a gain of almost 2%. It was a week that saw another prominent stock split and new jobless claims fall to under a million. And while one candidate took the next …read more […]
The financial outlook of Dropbox (NASDAQ: DBX) looks pretty respectable but many investors are still skeptical of the file hosting service company – mainly because of tough competition from services such as Google’s Drive and Microsoft’s One Drive. Despite impressive financial results and analysts upgrades, the stock is trading at a 20% discount from pre-earnings […] …read more […]
The decentralized finance craze is causing demand for tokenized bitcoin to surge. …read more […]
VirBELA, an avatar-based virtual interaction company, has seen growth skyrocket in the pandemic. …read more […]
Here’s how experts say you should reevaluate your retirement savings as you get older. …read more […]
Tony Zhang suggested on CNBC’s “Options Action” a bullish options strategy in NVIDIA Corporation (NASDAQ: NVDA) ahead of the earnings report, which is scheduled for August 19. Zhang said that he is going to pay special attention to guidance in this earnings report. He explained that the company is driven primarily by two segments: gaming and cloud computing.He expects to see strong guidance for the gaming segment because of the release of new XBOX and PS5, which usually triggers PC gamers to upgrade their tech.View more earnings on NVDANVIDIA has a 75% market share in the PC gaming and …read more […]
Investors are always looking for the best tech stocks. Technology makes the world go ‘round, and everyone wants to be a part of it. New companies and new technology are constantly popping up to provide investment opportunities. Below is a list of some of the top tech stocks on the market today.
The 5 Best Tech Stocks
Microsoft (Nasdaq: MSFT)
Bill Gates founded Microsoft in 1975. The company is headquartered in Redmond, Washington. Microsoft develops, manufactures, and sells computer software, consumer electronics and related services. It’s Amazon’s top competition for cloud services. It’s also is in the gaming business with the Xbox.
As more …read more […]
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