Under Armour has already been an embattled stock, falling from the over $100 it traded at 4 years ago to hanging around the $20 area since the start of 2017. Things just got worse. When your company is under investigation by the Justice Department for fraudulent accounting practices, and it also has had some pretty […]
Another rate cut by the Fed, continued optimism for a trade deal, and a job market that continues to expand all have propelled stock indexes to make further all-time highs. Whatever concerns we have had about the bear market ending, employment statistics haven’t been one of them. We might be late in the current cycle […]
Companies usually go out of their way to put as positive a spin as they can on their results to stroke their stocks. Grubhub just chose to tell the naked truth, and got slammed. Food delivery service Grubhub has had their stock listed for over 5 years now, starting out in March 2014 at an […]
It might be a little hard to understand how Beyond Meat could beat earnings and sales estimates by a lot and still see its stock price tank by 10%. It makes sense though. It often will take quite a while before a newly issued stock starts to show a profit, but Beyond Meat has been […]
When you have lost money 11 years out of 11, with a 12th being a virtual certainty, taking a quarter off from losing once in a while can really excite some people. You know that a company is popular when you can spend your first 12 years losing money each and every year and a […]
Most companies are coming in ahead of estimates for third quarter earnings, which is due in part to particularly understated predictions. Amazon’s wasn’t set low enough. When your company is worth 888 billion, a single percentage point move in your stock adds up to 8.8 billion. Amazon dropped 8.75 of these when it’s third quarter […]
In spite of all the problems that Boeing has had lately with its 737 MAX aircraft, Wall St. Analysts have stood by them. The leaked emails now having them turning on Boeing. Boeing started 2019 by simply busting out of the gate. From the close of trading on December 24 to the close on March […]
Energy stock ConocoPhillips is being touted as a buy right now by JPMorgan because it has sold off so much this year. Whether the selling has stopped is what we need to decide. You hear stocks being described as “cheap” quite often, although any time a stock loses value it can be called that. It’s […]
In terms of the leading Democratic presidential candidates, Joe Biden clearly appears to be the least damaging to the stock market, but this does not mean there won’t be any. Compared to the impact of wealth taxes, raising the capital gains tax on those whose income is $1 million or more would certainly be low-impact […]
After waiting patiently all trading day for news from the trade dispute front, holding its breath for something substantial, we at least got the minimum, but hopes were higher. With the way that the trade dispute between China and the United States has been going, where the situation has just been getting worse with each […]