Affirm Holdings (NASDAQ:AFRM) stock keeps growing, but its stock keeps sinking. Shares have lost nearly 75% of their value, just since the first of the year. The November high of $168/share seems a long time ago. Affirm was expected to open March 15 at a little over $26/share, a market capitalization of $9.4 billion. Source:
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Lumen Technologies, Inc. (NYSE:LUMN) is a textbook example of a contrarian investment based on valuation, financial strength, and profitability. Not all these factors are in favor of LUMN stock, but at least two of them are positive factors investors should weigh in on. Source: Postmodern Studio / Shutterstock.com There are the geopolitical risks and rising
Airline stocks are suffering these days, thanks to Vladimir Putin. Russia’s president forced a pretty scary situation in Ukraine. Russia is launching dozens of missiles every day to achieve air superiority and pummel Kiev’s pro-Western government into submission. There’s no telling how this is going to turn out. Most of western world condemned the invasion
Royal Caribbean (NYSE:RCL) stock is still suffering from the pandemic shock and for good reason. The pandemic was extremely disruptive to global commerce, especially the travel and leisure businesses. While we are at the tail end of it, the threat of outbreak headlines to some companies still lingers. Before the pandemic, Royal Caribbean was firing
Before we consider the opportunity in Zillow (NASDAQ:Z, NASDAQ:ZG) stock, we should acknowledge the overall risk. The situation is now ablaze in the Ukraine, but the negative rhetoric is building showdowns between the U.S. and China. Wall Street knows this, and that’s why the the CBOE Volatility Index (INDEXCBOE:VIX) is near $30. With that in
Shane Evans, interim CEO of fintech platform MX. Courtesy: MX Fintech start-up MX has named Shane Evans its interim CEO as the company prepares for an initial public offering or possible sale, CNBC has learned. Evans, who joined the Utah-based start-up in 2019 as chief revenue officer, is replacing founder Ryan Caldwell, who will become
In this article LVS ACI JNPR RIVN ILMN Offices of Illumina, in San Diego, California. Mike Blake | Reuters Check out the companies making headlines in midday trading. Illumina – Illumina shares surged 12.7% a day after the biotechnology company issued a 2022 revenue outlook that topped consensus expectations. The company also highlighted strong demand for
Recently a number of reports emerged, including a Jan. 5 article in Barron’s magazine, that Charlie Munger has “doubled down” into shares of Alibaba Group Holding (NYSE:BABA). In the past, I have written why BABA stock looks cheap. But I wanted to write about why he might see Alibaba as a worthwhile investment to buy
The omicron Covid-19 variant has taken its toll on cruise stocks. The three cruise ship giants in Royal Caribbean (NYSE:RCL), Carnival (NYSE:CCL), and Norwegian Cruise Line (NYSE:NCLH) have all seen their shares tumble in recent days. Adding to their woes, the Centers for Disease Control came out with a warning to “avoid cruise travel, regardless
Right after Thanksgiving, when omicron and the Fed scared the markets, it appeared likely that AMC Entertainment (NYSE:AMC) was ready to capitulate. In my view, changes in market sentiment was going to be what finally took AMC stock, one of the meme stock legends, down to a price more in line with its fundamentals. Source: rblfmr/Shutterstock.com
A trader in a face mask works on the trading floor at the New York Stock Exchange (NYSE) as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 20, 2021. Andrew Kelly | Reuters The Nasdaq Composite and the tech sector of the S&P 500 slid sharply to begin the
Nikola (NASDAQ:NKLA) is making great progress in manufacturing and generating orders for its battery-electric and hydrogen heavy-duty commercial trucks. With businesses and governments seeking to reduce carbon emissions in the U.S. and Europe, Nikola’s status as a first-mover in environmentally friendly semi-trucks should enable it to post great financial results over the longer term. Consequently,
As you certainly recall, at the beginning of the Covid-19 pandemic, governments resorted to shutting down the world, which caused an economic strain like none before. Consequently, they instructed their central banks to maintain loose monetary conditions in order to offset the economic devastation. AT&T (NYSE:T) stock, for example, fell around 30% from January levels
Imagine that on Oct. 18, 2021, you had an epiphany to buy shares of Bakkt Holdings (NYSE:BKKT) and keep them for about two weeks. On Nov. 1, 2021, you had the best idea ever, at least for 2021. At some point, you checked your trading account, and you could not believe your eyes! Your BKKT
Ever since Block, Inc. (NYSE:SQ), formerly known as Square, released its earnings for Q3 on Nov. 4, its stock has been in a free fall. As of Nov. 3, it was $252.48, but by Friday, Jan. 7, SQ stock closed down $110.90 to just $141.54. That represents a decline of 43.9% in just over 2
If you are married and file a joint tax return, your federal tax rate may be lower than that of an unmarried individual. That’s just one example of the ways in which U.S. tax laws are written to provide married couples with greater benefits than those received by other individuals. The same is true for
In this article US10Y .SPX .IXIC .DJI CNBC’s Jim Cramer said Monday the carnage in tech stocks is not being reflected as much in the price-weighted Dow Jones Industrial Average because of this year’s strength in banks. Cramer said, “The damage that’s happening to the markets is totally masked by the banks, which make the
Take a look at some of the biggest movers in the premarket: Zynga (ZYNG) – The online game maker’s shares soared 48.2% in the premarket after it agreed to be acquired by video game maker Take-Two Interactive (TTWO) for $9.86 per share in cash and stock, implying a total deal value of $12.7 billion. Take-Two
To put it simply, workforce-management software company Asana (NYSE:ASAN) is in the business of reducing the impact gap in the typical workplace. It’s an important concept in the Covid-19-influenced “new normal,” and prospective ASAN stock investors should understand just how important Asana could be in the coming years. Source: rafapress / Shutterstock.com Unfortunately, “40% of workers’
Not long ago – Dec. 9, 2021, to be precise – Solid Power (NASDAQ:SLDP) debuted on the Nasdaq exchange after the company completed its SPAC (special purpose acquisition company) merger with Decarbonization Plus Acquisition Corp. III. As a result, Wall Street can say good-bye to DCRC stock and hello to SLDP stock. Source: Shutterstock Thus, we have