Robinhood exploded onto the trading scene a few years ago, and now it’s one of the most popular stock trading apps, especially among younger adults. If you trade penny stocks on Robinhood, you probably know that there are limited options. OTC stocks aren’t available on Robinhood so users can only trade penny stocks that are listed on major exchanges, like NYSE and NASDAQ.
Even without over the counter stocks, there are plenty of penny stocks available on Robinhood.
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Neurometrix is a healthcare company that combines bioelectrical and digital medicine to address chronic health conditions, including chronic pain, sleep disorders, and diabetes. The company focuses on the sale of medical equipment, consumables, and accessories.
The company reported an update regarding clinical studies into its DPNCheck product in March. DPNcheck is a point-of-care test that provides accurate screening, diagnosis, and monitoring of peripheral neuropathies. The cost-effective test primarily detects diabetic peripheral neuropathy (DPN). If the product catches on, it could help Neurometrix could grow its revenues over the next few months.
This oncology-focused biotech firm focuses on the clinical development of drugs and therapies for the treatment of cancer. Their portfolio of clinical drug candidates comprised of Pracinostat, ME-344, and ME-401.
On April 14, MEI announced that it had entered an agreement with Kyowa Kirin Co., Ltd. The partnership between MEI and Kyowa is regarding the global license, development, and commercialization agreement surrounding ME-401, an oral, once-daily, investigational drug for the treatment of B-cell malignancies. Under the terms of the partnership, MEI and Kyowa will work together to co-develop and co-promote ME-401 in the United States.
MEI has also made some additions to its board to help boost its marketing and commercialization efforts. In April, the company appointed a 25-year pharma industry veteran, Cheryl L. Cohen, to the board of directors.
Second Sight Medical Products Inc. is a California-based firm that develops neuromodulation devices to treat blindness. Second Sight has the most advanced technology platform for delivering the groundbreaking artificial vision.
In an effort to cut costs, Second Sight recently laid off approximately 84 of its 108 employees on March 31, 2020. Second Sight is undergoing some structural and managerial changes at the moment. The company announced that its board appointed Matthew Pfeffer as acting CEO. Pfeffer is a member of the Board and Chairman of the Audit Committee of the Board.
The changes in management in the company could lead to a new beginning for Second Sight. Thus, it could be an exciting penny stock to keep an eye on over the next few weeks.
The Texas-based company is the first and only non-health stock on this list. RigNet is a tech company that provides customized communication services and cybersecurity solutions. RigNet operates via three sectors: Managed Communications Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration.
In March, RigNet announced that it won a five-year Information Technology Professional Services contract with the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS). The contract includes 3 5-year renewal options, so it can be extended for up to 20 years.
Artelo Biosciences Inc. is a biopharmaceutical company that develops and commercializes clinical-phase therapies. The firm has a diverse portfolio of therapies that modulate the body’s endocannabinoid system.
On April 14, Artelo reported its financial results for the second quarter of its 2020 fiscal year. In the report, the company reported favorable early-phase data for several drugs in its pipeline. Artelo also announced that it recently secured a $4.2 million grant from the National Cancer Institute.
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The Coronavirus pandemic continues to lead every major news headline as the number of reported cases and death tolls increase globally. At the moment, there is no known COVID-19 vaccine, but these biotech stocks are working overtime to change that. These companies are leading the charge towards developing a preventative vaccine for coronavirus.
These companies are leading the race to a COVID-19 vaccine.
American multinational pharmaceutical company, Pfizer partnered with Germany’s BioNTech earlier this month to develop a vaccine for the Covid-19 virus. The name of the vaccine is BNT162, but it remains at the preclinical stage at the moment.
Pfizer and BioNTech would use the biotech company’s mRNA-based drug development platform. They will also utilize the research and development sites in the US and Germany to work on the drug. Pfizer would help with the development and distribution of the vaccine.
BioNTech is planning to start clinical trials for its vaccines by April. However, there is no specific timeline for when the drug would be released to the world. The world is hoping that the partnership between these two companies yields similar results as in the past. Pfizer worked with BioNTech in the past to develop mRNA-based vaccines for influenza.
The deal with Pfizer excludes China, as BioNTech already signed another agreement with Shanghai Fosun Pharmaceutical outlining its rights in China for its experimental vaccine. Regardless, Pfizer and BioNTech are working to develop a Covid-19 vaccine.
A seasoned virus fighter, Gilead Sciences is also working on a COVID-19 vaccine. Gilead is best-known for developing a cure for hepatitis-C, and the firm has also had success treating other viral diseases like HIV.
Gilead Sciences Inc. is currently carrying out a phase-3 clinical trial on its drug, remdesivir to see if it would cure Coronavirus. The phase 3 clinical trial will see how remdesivir performs in 400 patients with severe Coronavirus, and the results of the tests would be out by May. The clinical trials are being conducted in the US, Hong Kong, Singapore, and South Korea.
While the drug had previously failed as an Ebola treatment, it is being tried on Coronavirus patients.
On March 25, the company asked the FDA to take back the controversial orphan drug designation the agency had given them for their remdesivir drug. This comes 48 hours after receiving the status from the FDA. However, criticism from lawmakers forced Gilead Sciences to ask the FDA to rescind its ‘orphan drug’ designation.
Gilead’s clinical trials are not limited to the United States. The Chinese Food and Drug Administration granted Gilead permission to carry out clinical trials in Wuhan starting this month.
Moderna is a Massachusetts-based biotech company that focuses on drug discovery and development based on messenger RNA (mRNA). The company is currently carrying out a clinical trial for its mRNA-1273 vaccine to see if it would treat the Covid-19 disease.
On March 16, Moderna announced that it dosed the first patient, with the clinical trial set to involve 45 healthy people. However, the first data of the clinical trial would be ready in two months, according to Moderna.
The trial is conducted by the National Institutes of Health’s National Institute of Allergy and Infectious Diseases. Patients of the study will get two doses of the mRNA-1273 28 days apart. Moderna is confident the vaccine could be available to some patients, most likely health workers, under emergency conditions in the fall. However, all that depends on the results of the clinical trial.
GlaxoSmithKline plc is a UK multinational pharmaceutical company based in London. This British company has been instrumental in the development of vaccines for diseases like papillomavirus (HPV) and the seasonal flu, among others.
Although it is not developing a vaccine of itself per-se, GlaxoSmithKline is providing a suitable platform for researchers to carry out clinical and preclinical studies for the Covid-19 virus.
They have been working on developing its pandemic adjuvant platform for vaccines called AS03 Adjuvant System. In February, GlaxoSmithKline plc announced that its partnership with the University of Queensland and Clover Biopharmaceuticals has allowed them to expand their collaborations with research groups, especially those in the US and China.
The company has been making its vaccine adjuvant platform technology available to research institutes. As a result, helping them carry out preclinical and clinical studies.
This is another German biotech company that has been working on developing a coronavirus vaccine. According to Friedrich von Bohlen, a board member of CureVac, the company expects to have a vaccine ready by fall.
CureVac is focusing on using mRNA to develop the vaccine, similar to what they did for the cure against rabies. At the moment, CureVac is still working on the vaccine. However, there is no name for their vaccine at this point.
CureVac expects to start a clinical trial by June 2020 after receiving over 80 million euros from the EU to fund the development of its vaccine. CureVac lags Moderna and BioNTech in terms of research but hopes to find a cure for the virus very soon.
One of these biotech firms could be the first to develop a COVID-19 vaccine or cure. Whoever crosses the finish line first will land one serious payday. Expect to see a major rally if one of these firms gets a treatment approved. There’s also major money waiting for companies that can develop testing, treatments, and other COVID-19 related products.
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Municipal and corporate bonds rallied yesterday after the Fed unveiled major expansions of its fiscal stimulus policy. The new policies sent a clear message to investors: the Fed is willing to do whatever it takes to support the market.
After unleashing a wave of fiscal firepower on the market last week, the central bank launched a second salvo of initiatives to support liquidity in panicked markets, including more loans for businesses and an unlimited purchasing of government debt.
The COVID-19 bailout package hit an impasse in the Senate on Monday, and the market was ready to nosedive in response. Luckily, the Fed took drastic action to support the market while Washington was busy bickering over the fine print. The Fed announced the move roughly 90 minutes before the market opened on Monday, but it punctuated its announcement with an ominous warning to investors.
“It has become clear that our economy will face severe disruptions,” the Federal Reserve said in its official statement on Monday, “Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate.”
Translation: the U.S. needs to do whatever it takes to support the economy during this crisis.
Chairman of The Federal Reserve, Jerome Powell.
The Fed’s latest initiatives have officially gone further than the drastic action taken during the ’08 Financial Crisis. During the Crisis, Fed stimulus was mainly intended to keep the financial sector from going under. However, the central banks are focusing a lot more resources on the smaller businesses this time around. The Fed plans on offering extensive lending options for small and large businesses, and it will even begin supporting liquidity of corporate-backed debt.
Many experts believe the drastic action is warranted. Unlike 2008, the economy is at a virtual standstill, so the downturn could have even more long-reaching implications for the U.S. economy.
Thousands of U.S. businesses are having difficulty accessing working capital, so the Fed’s decision to intervene in the credit markets seems to be well-founded. The central bank will work with the Treasury Department to ensure liquidity by injecting cash into the marketplace.
The Fed can purchase private-sector assets directly, and it has restrictions on the types of municipal bonds it can buy. However, officials are bending the rules in order to support the fragile market. The central bank can offer emergency loans on a widespread basis under section 13(3) of its charter. So far, Fed officials have invoked section 13(3) on six separate occasions this week to combat the credit crunch.
Mortgage securities and Treasury bonds are also getting a lift from the Fed. The central bank said it will expand its purchasing program to include unlimited amounts of these assets. This week, the Fed will buy $375 billion worth of Treasury bonds and $250 in mortgage securities.
To support the capital markets, the central bank will open three new lending facilities to support the credit markets. The Treasury Department will support the effort with $30 billion, allowing the facilities to offer up to $300 billion in available financing. Officials also announced a plan to introduce a “Main Street Business Lending Program” that will support small and midsize businesses. However, that initiative would likely require support from the Treasury Department. The Fed didn’t detail any specifics behind the plan.
The Treasury Department wants to support the Fed efforts, but Congress has its hands tied. On Monday, the Senate failed to move forward with COVID-19 support legislation for the second-straight day. In typical DC fashion, politicians are holding back COVID-19 relief so they can push their agendas. Meanwhile, the Fed has to battle the credit crunch on its own.
The Fed announcement led to a rally in corporate bonds. The iShares Investment Grade Corporate Bond ETF rallied 7.39% on the news. Municipal bonds also got a lift, albeit a modest one. The iShares National Muni Bond ETF jumped 1.90% after the Fed released its announcement. Unsurprisingly, the dollar suffered from a modest pullback, and gold inched higher.
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In the year of the US presidential elections, the Coronavirus outbreak has been the major news so far this year. What started in China has grown to become a global pandemic. The economic effects of Coronavirus have led to the financial authorities taking measures to stop a global financial crisis.
As more cases are reported globally and the mortality rate increasing recently, it is interesting to see how the virus affects different economies and what the governments are doing to protect their financial markets.
Here, we will look at the different actions taken by major central banks across the world as they aim to combat the economic effects of the virus. We will also discuss the latest economic forecasts regarding Coronavirus’s potential economic impact.
The Coronavirus outbreak has hit the United States stock market in recent weeks. On February 27, the market experienced its biggest one-day fall since the 2008 financial crisis. The Dow Jones industrial average slumped by 1,190 points. However, the market has seen an uptick recently. This is despite the number of cases in the US surpassing the 100 mark, with three confirmed deaths.
China accounts for a third of manufacturing globally, and it is currently the largest exporter in the world. Activities have slowed down since the outbreak of the virus during the Chinese New Year. According to NASA, pollution-monitoring satellites had detected a significant drop in nitrogen dioxide in China, indicating that most factories remain closed.
This has affected other larger global companies such as Apple, Diageo, JCB, Nissan, Tesla, and others, who depend on China to manufacture most of their components.
Europe is another region that is increasingly affected by the virus. Italy, France, and other major countries in the EU have been affected so far. This saw the FTSE 100 record losses late last month. This is worst it has seen since the Eurozone debt crisis in 2011.
So far, in 2020, the Dow Jones is down by 7.5%, Shanghai lost 2.9%, Nikkei is also down by 9.1%, while the FTSE 100 has lost 11% of its value.
More countries like South Korea, Japan, and others are taking steps to curb the spread of the disease. Some critical steps include shutting down schools, banning travel, and postponing major sporting events.
China is set to be massively affected by the virus outbreak this year. According to economists polled by Reuters, China’s growth rate could drop to 4.5% in the first quarter of the year, down from the 6% it recorded in the previous quarter. This would be the slowest GDP growth for the country since the financial crisis of 2008.
Standard Chartered added that the virus could affect roughly 42% of the economic activities in China. Chinese airlines are currently grounding planes and could lose about $12.8 billion this year. The global airline sector has suffered significant setbacks so far this year. It is expected to lose $29 billion this year.
The global economy is growing at its slowest rate since the financial crisis of 2008. Data obtained from the Organisation for Economic Cooperation and Development (OECD) shows that the global economic growth in 2020, is set to be around 2.4%, down from the 2.9% forecasted in November. The analysts believe that it could drop to 1.5% if the virus lasts longer and becomes more intensive.
The US GDP growth could slump below 2% this year, down from the previous estimate of 2.4%. Other major economies, such as Italy, France, the UK, Japan, and Germany, would all be negatively affected by the virus this year.
Central banks across the world are making moves to combat the economic effects of the virus. The United States Federal Reserve made its first emergency rate cut since the financial crisis on March 3. The Federal Reserve slashed interest rates by half a percentage point in an attempt to boost the US economy amidst the ongoing coronavirus outbreak.
This is the most significant one-time cut by the Fed since the 2008 financial crisis. The new interest rate now stands between 1% and 1.25%. Fed Chair Jerome Powell expects the US economy to fully recover once the outbreak ends.
The G7 finance ministers and central bank representatives came out to assure the public that they are discussing the appropriate response to the outbreak. The Bank of Japan came out on Monday to say that it would inject liquidity into its markets. The BOJ could also increase asset purchases as a way to cushion the effects of the virus outbreak.
Another central bank to cut interest rates is Australia. The Reserve Bank of Australia March 3, revealed that it has slashed interest rates by 25 basis points. This is down to a record low of 0.5%. This is in response to the coronavirus outbreak, which is so far having a massive effect on the country’s economy.
Malaysia also cut its rate to a decade low to mitigate the effects of the virus outbreak. The 25-basis point cut has seen interest rates in the country drop to 2.5%, the lowest in over a decade.
The Bank of England (BoE) governor, Mark Carney, has also indicated that the UK is ready to join other apex banks around the world to roll out policies that would soften the impact of the Coronavirus. However, the bank is yet to announce any measures on this front.
The Coronavirus outbreak has been the major news so far this year as it has grown to become a global pandemic. The virus outbreak is causing economic growth to slow down in the US, China, Europe, and other major economies. If you wish to read and find out more about the economic effects of the Coronavirus, you should subscribe to the Stock Dork Alerts. We provide traders with a steady stream of stock market news and analysis that will help keep them informed on everything happening in the world of Wall Street. Plus, we write our reports in plain English, so they’re easy to understand. After just a few weeks reading Dork Alerts, you’ll sound like the smartest guy at the water cooler. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.
The Coronavirus outbreak is weighing heavily on the stock market. However, some breakout penny stocks are posting huge gains. One of them is even up by 59% over the past few hours.
Superconductor Technologies is the hottest penny stock of the week so far. The shares of Superconductor Technologies are up by 59% over the past 24 hours and are already up by 5% at Wednesday’s pre-market trading. With such statistics, the stock price of this company could surge higher over the coming days and weeks.
The surge in the company’s stock price comes following news reports that Superconductor Technologies has entered a merger agreement with Allied Integral United, Inc. After the completion of the merger, Superconductor Technologies will change its name to Clearday Inc. The resulting company will focus on developing Clearday’s non-residential daily care service model while also handling their existing Memory Care America residential memory care facilities.
Another hot penny stock for the week is Stealth BioTherapeutics Corp. the shares of the Cayman Islands-based biotech company is up by 58% over the past 24 hours. It is also up by 4% at Wednesday’s pre-market trading session and could surge higher over the coming days.
Recently, the U.S. FDA granted the company Rare Pediatric Disease (RPD) designation for elamipretide for the treatment of Barth syndrome, which is a very rare genetic condition. Stealth BioTherapeutics Corp aims to boost the healthspan of Barth patients. This latest development could see the stock of the company surge higher in the coming weeks.
NCS Multistage Holdings Inc. is another hot penny stock that has been performing excellently so far this week. The shares of the Texas-based company is up by 13% at Wednesday’s pre-market trading after rising by 52% at Tuesday’s trading session. At the moment, it could be one of the best penny stocks to keep an eye on.
The surge in the stock price of NCS Multistage Holdings Inc. comes despite the company reporting a loss of $0.04 per share during the previous quarter. This is in line with the Zacks Consensus Estimate. In the quarter ending December 2019, the company posted revenues of $52.09 million, which is lower than the Zacks Consensus Estimate by 0.05%. However, it is higher than the $50.19 million reported in the same quarter a year ago.
The shares of Glowpoint, Inc. have been heating up so far this week. The stock price of the cloud-based communication service provider is currently up by 4% at Wednesday’s pre-market trading session after rising by 49% over the past 24 hours. It could rally further over the coming days and weeks.
The company changed its name to Oblong a few days ago, and its new trading ticker would be OBLG. The changes would come into effect on March 9. The name change is in line with their transition to a next-generation provider of advanced visual solutions for real-time collaboration. Oblong aims to enhance the current state of virtual collaboration.
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Penny stocks are famous for blowout returns. This week, these hot penny stocks are leading the market.
These hot penny stocks are leading the market this week.
The shares of Genprex Inc. have been performing well over the past few days. Genprex, which operates from Texas, is a clinical gene therapy company that actively develops a novel tech platform for the treatment of cancer.
The company’s stock price is up by 51% at the closure of the market session on Thursday, February 13. It is also up by 14% at Friday’s premarket trading hours, indicating that it could go higher over the coming hours and days.
The surge in stock price comes after Genprex, and the University of Pittsburgh entered an exclusive agreement. The license agreement is for potentially curative gene therapy candidate for diabetes. Clinical results from in vivo animal studies show that normal blood glucose levels could be restored for an extended period with their diabetes gene therapy technology.
Another hot penny stock this week is a medical company. Viveve Medical Inc. is a women’s intimate health company that focuses on commercializing a revolutionary, non-surgical, non-ablative medical device. The device helps remodels collagen and restores vaginal tissue.
The shares of Viveve Medical is up by 24% over the past 24 hours. It is set to continue its upward rise as it is currently up by 2% at Friday’s pre-market trading session.
Viveve Medical, which is based in Englewood, began enrollment in its three-arm, three-month feasibility study last month. This study will compare their cryogen-cooled monopolar radiofrequency (CMRF) treatment and a cryogen-only sham. The aim is to improve stress urinary incontinence (SUI) in women.
The health sector continues to dominate the hot penny stocks with yet another company. Happiness Biotech Group Ltd is a Chinese-based company. They focus on the research, development, manufacturing, and marketing of various nutraceutical and dietary supplements.
The company’s stock has been performing well recently. The share price is up by 23% over the past 24 hours. It could surge higher in the coming hours and days as the stock price is up by 2% at Friday’s pre-market trading session.
Happiness Biotech recently donated RMB1 million worth of its famous immune system boosting products to Shunchang General Hospital. This comes as the company experiences an increase in demand for the products since the Coronavirus outbreak in China.
Some of its products, such as Cordyceps Mycelia Oral Liquid, have seen a 100% increase in demand since the outbreak. These supplements help to enhance people’s immune systems. As the Coronavirus outbreak continues, Happiness Biotech could continue to record a higher need for its supplements.
The first non-medical company on the list is CounterPath Corp. This is a software company in Vancouver, Canada that designs, develops and sells software and services. Their products allow enterprises and telecommunication service providers to deliver unified communications services over Internet Protocol-based networks.
Shares of CounterPath Corp are up by roughly 22% during the last trading session. The stock has been performing excellently since the start of the week and could maintain the momentum after slightly going higher at Friday’s pre-trading session.
The surge in stock price comes as CounterPath Corp secures a 5-year deal with Vodafone Fiji. The company will provide Vodafone with Bria mobile apps and Strettoä Platform services. This will allow roughly 700,000 consumers across the Fijian and neighboring islands to enjoy reliable voice calling services.
This is a beverage company in Colorado that focuses on manufacturing products to boost healthy living. Some of their popular products include Xing Tea, Coco Libre, Marley Coffee & Tea, búcha, and more.
Shares of New Age Beverages are up by 17% over the past 24 hours. It has been one of the hot penny stocks of the week, trading in the green zone since Monday. The stock price could go higher in the coming hours as it is currently up by 2% at Friday’s pre-market trading session.
The company has been recording an uptick in stock price since news broke out that Kendall Jenner drinks New Age products. The reports noted that Jenner starts her day with Kusmi Detox Tea. This development and the appointment of David Vanderveen as the new COO of New Age has seen the stock price perform well in recent weeks.
Penny stocks lead the way in terms of investor gains due to their high volatility. This week saw a wide range of hot penny stocks perform excellently. Our reports are written in plain English, so they’re easy to understand. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.
Typically, penny stocks are highly erratic. Many of these small companies have very low liquidity, making them even more volatile. Prices can move drastically within a short period. However, high volume penny stocks experience more trading activity, so they can be more stable. Many investors prefer to trade penny stocks with high average volume to avoid running into liquidity problems.
To help you find some of the best picks in this category, we put together this list of the best high volume penny stocks on the market. Most of these companies are medium-to-large market cap, so they’re most established than micro-cap startups.
Traders need to be able to buy and sell shares when the time is right. High volume stocks allow traders to quickly fill their orders and make rapid exits from their positions. High volume stocks offer several benefits over low-liquidity alternatives.
When trading stocks, you would want to get in quickly without your order affecting the price of the asset. With high volume stocks, a lot of traders are buying and selling, so it’s easy to find a buyer at the right price. Conversely, traders can have problems getting the right price when they trade low-volume stocks.
Highly liquid assets are easy to exchange for other assets. Cash is a good example of a highly-liquid asset because you can exchange it for practically anything and get its fair value in return. On the other hand, real estate is a low-liquidity asset because it’s not always easy to find a buyer and convert it into cash.
This concept applies to stocks too. When a lot of traders are buying and selling a stock, it has a lot of liquidity because there is a lot of demand. Usually, this results in tight spreads and easy order-making. However, obscure stocks that don’t have a lot of trading activity can be hard to sell, so they’re considered to be low-liquidity assets. High volume penny stocks are usually more liquid than their lower-volume cohorts.
Penny stocks typically have low liquidity and trading volume. However, some of these cheap stocks experience a lot of trading activity. Here are a few that you should be watching.
ToughBuilt Industries is the highest-volume penny stock currently trading in the United States. Over 35 million shares of the company trade on NASDAQ on an average day, and the firm has a market cap of over $4 million.
The company is known for its advanced product design, manufacturing, and distribution. It mainly focuses on innovative products such as tools and other accessories for the professional and do-it-yourself construction industries.
There are over 19 million iBio shares trading on the New York Stock Exchange on an average day, and the company has a market cap of over $27 million.
iBio provides full-service biologics CDMO, helping companies with various stages of product development. They help with pre-clinical development, regulatory approval, and commercial product launch.
Ritter Pharmaceuticals currently trades around 9 million shares daily on the NASDAQ stock exchange. However, it has a small market cap of just $2 million.
Ritter is a pharmaceutical company that carries out research and develops therapeutic products that modulate the human gut microbiome to treat gastrointestinal diseases. Ritter majorly focuses on conditions like ulcerative colitis, lactose intolerance, Crohn’s disease, and irritable bowel syndrome.
Many traders use Robinhood as their primary broker. It’s easy to use and offers zero-commission trading. However, you can only trade exchange-listed stocks on this app. Here are the high volume penny stocks you can find on Robinhood.
This is a Colorado-based company that is actively engaged in hydrocarbon exploration. Whiting is currently one of the largest independent exploration and production companies in the US. They control massive positions in areas such as the Bakken/Three Forks and the Williston Basin of North Dakota and Montana.
Whiting is one of the high volume penny stocks found on Robinhood. The company currently trades over 8 million shares daily and Robinhood is one of the most active platforms you can find it.
Another high volume penny stock on Robinhood is Genworth Financial. The company has a daily average trading volume of over 8 million shares, and Robinhood accounts for a large portion of it. Despite the small price, Genworth Financial has a market cap of over $2 billion.
Genworth is an S&P 400 insurance company, with its headquarters in Richmond, Virginia. They help customers secure their financial life through long term care insurance, life insurance, annuity retirement solutions, and more.
High volume penny stocks are easier to buy and sell than those with less volume. Extra trading activity often indicates that a stock has momentum, so it’s worth watching these picks.
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Stocks are rebounding after suffering from a small rout last week. The market seems to be bucking off the coronavirus uncertainties and getting right back on track. The major US indices posted back-to-back blowouts on Monday and Tuesday, and the futures market indicates that we could be heading for another day of big gains.
Big-name stocks played a major role in the recent rally, but penny stocks are posting strong numbers too. The recent volatility is lifting some of these stocks to major gains. While the market rallies, it could be a great time to open some speculative positions in these breakout penny stocks.
These are the best penny stocks on the market this week.
iBio is a Newark-based biotech company that focuses on plant-based biologics manufacturing. Shares are up by 61% over the past 24 hours, making it one of this week’s better-performing penny stocks.
The company’s stock price could rise further following news that they are working with Beijing CC-Pharming Ltd to develop and test a new 2019-nCoV vaccine. The vaccine will help combat the coronavirus outbreak that originated in China a few weeks ago.
iBio’s share price is up by over 100% over the past month and it could set new highs in the coming days.
Hong Kong-based art dealer Takung Art also touched new highs this week. Shares are up by 36% over the past 24 hours with no clear catalyst in sight. Takung has an obvious connection with China, but it’s been performing excellently while coronavirus fears tanked most Chinese stocks. It’s not clear just why there has been such a major rally in this stock but, regardless of reason, the recent spike in share prices is worth noticing.
Digital Ally is a commercial company that provides law enforcement, emergency vehicles, and commercial fleets with body cameras. They also provide in-car video systems and cloud-based management software.
Shares jumped after the company reported landing the largest contract in its history. An undisclosed national police force agreed to a 3-year supply contract with Digital Ally for 5,000 body cameras. The deal is expected to generate over $4 million in revenue and deliveries will begin before the month is over.
Digital Ally posted a massive rally yesterday but closed well off its daily highs. The stock opened to a massive 100%+ pre-market gain but fell rapidly throughout the trading session. By the time the market closed, DLGY gave back most of its rally to close the day with a much more modest 28% gain. That’s nothing to scoff at, but it’s well short of yesterday’s high.
Nio is an electric car company based in Shanghai, China. The company had some struggles recently, but its stock has been performing surprisingly well. Shares were up 11% yesterday.
The company is confident that sales will bounce back after a sub-par 2019. Nio plans to construct about 200 brick-and-mortar stores before the end of the year. These customer-centric locations will offer Nio shoppers a retail experience that includes several high-end amenities.
These penny stocks are making waves this week and they have the potential to be excellent trading opportunities. For more on the hottest penny stocks, check out Stock Dork Alerts. Our reports are informative, entertaining, and easy to understand. It’s one of the best ways to follow the market. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.
The stock market has seen mixed reactions over the past few weeks as Coronavirus takes center stage in global discussions. Despite the effect of the virus on the stock markets, some penny stocks have been performing excellently and could run higher.
Penny stocks can be very volatile. Sometimes that can be a bad thing, but it also allows investors to record massive profits within a short period. These 4 penny stocks are performing well, and they could be heading even higher.
For more on the best penny stocks, check out our monthly rankings here.
Here are the 4 penny stocks to keep could run higher over the coming hours and days.
Shares of China Pharma Holdings is up substantially over the past few hours. It is currently up by 96% over the past 24 hours and could run higher in the coming days. At the moment, China Pharma Holdings is the best performing penny stock and could be an attractive option for investors.
China Pharma Holdings is a holding company that carries out production, marketing, finance, development, and administrative activities via its several subsidiaries. The company has been around since 1993 and is actively manufacturing prescription drugs, OTC and nutrition products. They currently provide services in more than 30 provinces and regions across China.
This is another Chinese-based company whose stock is trading in the US. The shares of Gulf Resources are up by 50% over the past few hours and it could run higher. The massive surge in share price makes it one of the best penny stocks to trade at the moment.
Gulf Resources is a chemical manufacturing company, with its headquarters in Shouguang, Weifang, China. The surge in stock price is as a result of an announcement the company made a few days ago.
On January 27, Gulf Resources announced the 1-for-5 reverse stock split of its issued and outstanding shares of common stock. The reverse split was done with immediate effect and this has positively affected the shares of the company in terms of price.
The reverse split move was made to boost the trading price of the stock. The increase in share price will see the company satisfy the $1.00 minimum bid price required to remain listed on The NASDAQ Global Select Market. The stock price has been increasing since then, and it could run higher over the coming days.
OpGen is another penny stock that could be ready to run higher after rising by 44% over the past 24 hours. The company is known for using informatics and genomic analysis to provide complete solutions for infection prevention and treatment.
On January 30th, OpGen provided an update on Curetis Group Company. Curetis reported that Ares Genetics GmbH, its subsidiary, will be working with the Chinese genomics company BGI Group to carry out molecular testing for the new coronavirus 2019-nCoV found in Europe.
This is big news because 2019-nCoV is a new coronavirus variant that has yet to be identified in humans. This latest development sees the stock price of OpGen soar higher and could move further due to the enormous relevance of coronavirus.
The shares of Artelo have been performing well over the past few days and is currently up by 35% in the last 24 hours. Artelo is a pharmaceutical company that has been around since 2011, with its headquarters in La Jolla, California, United States.
The surge in stock price could be due to the company’s announcement of the NCI Grant. The company awarded Stony Brook University a $4.2 million grant to help in the development of its fatty acid-binding protein 5 (FABP5) inhibitor platform. The platform is exclusively licensed to Artelo and it could be a potential breakthrough cancer treatment.
Penny stocks continue to provide massive profits to investors despite the coronavirus pandemic affecting stock market performance. If you’re ready to know more about penny stocks, you should sign up for Stock Dork Alerts. Our reports are written in plain English, so they’re easy to understand. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.
The stock market is on a tear to start the year. Market sentiment is riding high, and that’s an excellent set up for speculative investments like penny stocks. Some of these cheap stocks are up big since the start of the year. Traders are scouring the market for a chance at above-average returns, and many of the best penny stocks will benefit from the bullish mood on Wall Street.
As the US stock market continues to rise, several penny stocks are also rallying. These are the best penny stocks for traders to buy today.
President Donald Trump is expected to sign a phase-one trade deal with Chinese trade representatives today in Washington. On Monday, the US announced that it would drop China from its currency manipulator list. It was perhaps the last step towards securing the coveted phase-one deal.
Depending on the statements from Trump and the Chinese, the event could create volatility in markets. Traders want to be reassured that the Chinese will hold up to their end of the deal. Stocks could respond positively as well, but it will all depend on the statements and specifics surrounding the phase-one deal.
Super League Gaming is one of the best performing penny stocks of the day after rising by more than 40% on Tuesday’s trading market. Overall, the share price of the company is up by roughly 80% over the past 24 hours.
The rise in the stock price could be due to the company’s recent partnership with Wanda Cinema Games. The deal, which was announced on Monday, January 13, will present live, competitive gaming experiences to more than 700 Wanda theatres in several cities across China.
This deal will help Super League expand its operations into China, a very lucrative gaming market. This recent turn of events could help Super League Gaming generate significant short-term gains.
This Michigan-based medical technology company was formerly known as Pioneer Surgical Technology. The stock was one of the top performers yesterday. It closed the day with 63% gains.
The huge rally came after news broke that RTI is selling its OEM business to Montagu Private Equity LLP for around $490 million. The deal is expected to be completed in the first half of the year.
The OEM business will induce a massive influx of cash into the company and provide much-needed capital to fund operations and investments.
Transenterix opened yesterday’s trading sessions with a sharp, 46% rally, but the bump didn’t hold. It closed the day with relatively modest 7.48% gains. Transenterix makes technology that digitizes the interface between the surgeon and the patient to better facilitate minimally invasive surgery.
Share prices began their rallying after the company announced the submission of 510(k) to the FDA for the first machine vision system for robotic surgery. The Intelligent Surgical Unit will have the ability to visualize the surgical area, guide the surgeon, and record important information.
Inpixon was one of Tuesday’s top-gaining stocks. The small software company soared 54% by the session’s close. The rally began after news broke that Canada approved the company’s patent application for its indoor intelligence system. Now, the door is open for Inpixon to expand its operations into Canada.
The firm’s patented software helps organizations secure their indoor networks from rogue devices, and it can even disable phones in no-phone zones like prisons and other high-security areas. As IoT tech becomes more prevalent, Inpixon will likely benefit from the high demand for this type of technology.
The patent covers technology that tracks, locates, and manages wireless devices. Operators can use the platform to identify unsanctioned devices, locate them, and disable them. Approved devices can also be identified and tracked using the system, and operators can manage network interactions for these devices as well.
Inpixon’s technology has significant long-term promise. Tuesday’s spike was encouraging, but it could only be the beginning for this innovative company. As long as the firm continues to execute, there could be a bright future ahead for Inpixon.
Penny stocks continue to deliver excellent gains to investors as the US stock market performs well. If you’re ready to know more about the best penny stocks, you should sign up for Stock Dork Alerts.
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It’s the first full trading week of the year, and stocks are off to a strong start. Some companies are already leading the pack. These top breakout stocks are setting the tone in 2020, and it could be just the beginning.
It will be hard to top last year’s outstanding returns, but there are still plenty of profits to be made in 2020. A few stocks are already hitting the headlines with some impressive performances today. These are the week’s top breakout stocks.
These stocks performed excellently last week, and they could carry the momentum into this week.
FuelCell Energy is one of the leading breakout stocks for the day, up by 49.4% over the past 24 hours. The Connecticut-based company has an annual revenue of over $50 million offers several services in the energy sector.
The company, which is known for designing, manufacturing, operating, and servicing Direct Fuel Cell power plants, has seen its stock lead the market charge. It also provides energy services in the natural gas and biogas sectors.
The surge in the share price could be due to FuelCell starting commercial operations in Tulare, California’s wastewater treatment facility. The 2.8-megawatt project is the combination of years of innovation on how to use SureSource power plants to generate electricity with on-site renewable fuels.
Inpixon is an indoor data company known for capturing, interpreting, and giving context to indoor data. The data it generates can be translated into actionable intelligence. The shares of the Inpixon are up by 43% over the past 24 hours. It is also up by 53% at Thursday’s pre-trading market, making it one of the breakout stocks for the day.
The company recently got a contract to supply more GPS products to a customer within the U.S. federal government after its successful pilot. The products are set to be used to track the government personnel, their vehicles, and asset. This is to help the agency with ground situational awareness.
The contract could spur growth for Inpixon and could see the company’s stock perform higher over the coming days.
BioXcel Therapeutics Inc. is another breakout stock as the US stock market opens for the first time in 2020. The company’s share price is up by 40% over the past 24 hours and could be heading higher over the next few hours and days.
The company is a clinical-stage biopharmaceutical firm that specializes in the development of drugs. BioXcel uses novel artificial intelligence to determine the next wave of medicines across neuroscience and immuno-oncology.
A few days ago, BioXcel announced the launch of crucial phase 3 studies of BXCL501. The test is to determine if the drug can be used for acute treatment of agitation in patients with schizophrenia and bipolar disorder. The results from this research are expected to be ready by the middle of the year.
If the results come out as expected, then BioXcel’s share price could surge higher in the coming months.
Neovasc is a Canadian-based medical device company. It specializes in the development, manufacturing, and marketing products for the cardiovascular marketplace and other medical devices.
The shares of the company are one of the leading ones for the day. The stock price is currently up by 39% over the past 24 hours and could head higher in the coming hours and days. The shares of Neovasc is up since the company submitted a Premarket Approval Application to the FDA.
The application is for its Neovasc Reducer, a medical device that could treat refractory angina. The submission also includes the request for an Advisory Panel meeting. If the FDA approves Neovasc’s request, then the company’s share price could surge higher over the coming days and weeks.
This is a biopharmaceutical company based in the UK. MEREO specializes in providing new therapies to patients with chronically debilitating and life-limiting rare diseases. They focus on conditions with few or zero treatment options.
The shares of MEREO is up by 32% over the past 24 hours, making it one of the breakout stocks of the day. The company has been making positive development in some of its studies. One such study is the Phase 2b dose-ranging “ASTEROID” clinical study of setrusumab (BPS-804). Positive developments from such studies could be pushing the stock price higher.
The stocks kicked off 2020 on a positive note. These stocks are hot, but you need to follow the market if you want to keep up with the top breakout stocks. Sign up for Stock Dork Alerts for a steady stream of stock market news and analysis. Dork Alerts will keep you informed on everything happening in the world of Wall Street. Our reports are written in plain English, so they’re easy to understand. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.
Quality entertainment is a crucial need for a widely overworked, underpaid population. Movies, games, and other forms of entertainment allow users to decompress and have a little fun. This diverse industry intersects with various subsectors, such as amusement parks, video games, and more. To pick the best entertainment stocks, investors need to have the fingers on the pulse of consumers. However, that’s easier said than done.
Consumers constantly search for fresh, original entertainment, so amusement stocks are an eclectic bunch. Here, we will discuss some well-positioned stocks in the sector and why they are the best. Grab some popcorn because these entertainment stocks are worth watching.
Netflix is an American multinational media-services provider and production company based in California. The firm is best known as the number one streaming service on the planet. Over the past few years, Netflix has been one of the best-performing stocks in the S&P.
Netflix revolutionized the way we watch TV. Streaming is rapidly becoming the most popular way to consume media. Netflix has a global audience with over 150 million subscribers. However, the US remains its largest market with over 60 million subscribers.
Netflix maintains a strong lead in the streaming media market, despite heated competition from rivals like Disney.
150 million subscribers add up to a lot of subscription revenues. Netflix generates billions of dollars in annual revenue from its streaming services, making it one of the richest entertainment companies in the world. Recently, Netflix has shifted its focus towards producing original movies and TV series.
More original content could attract more subscribers to the platform. In fact, Netflix has to come up with some winning franchises if it wants to keep up with content-rich Disney, NBC, and other streaming platforms. The competition is getting fierce for Netflix, but it’s still the market leader. If it can keep its subscribers engaged with original content, it could be the leading streaming stock for years to come.
Walt Disney Company is the world’s premier media conglomerate. It has a massive content library that includes billions of dollars in intellectual property assets alone. After a recent spree of acquisitions and expansions, Disney is stronger than ever. Disney appears destined to perform incredibly well in the near future.
Disney recently closed its acquisition of 21st Century Fox for $71 billion, and the deal turned the already-strong Disney content portfolio into an absolute powerhouse. The company now owns Fox’s film and TV studios, including the FX networks, National Geographic and Star India. After the Fox deal, Disney now controls the entire Marvel Universe, The Simpsons, and other popular franchises. Now, Disney is well equipped to take on Netflix and Amazon for the streaming throne.
Currently, Disney+ is the company’s most important undertaking. The streaming platform received a strong reception from fans upon launch, but the long-term viability of the product remains unclear. In just a few months, Disney+already has more than 10 million subscribers. Company projections say Disney+ will grow to include 60 million to 90 million global subscribers over the next five years.
Even if Disney hits those targets, it would fall well short of the Netflix subscriber count. However, that number of subscribers is still enough to make Disney one of the leading streaming platforms in the world. It remains to be seen whether Disney+ can hit those lofty goals but, if it does, it could power the stock to significant gains for years to come.
This Japanese conglomerate has an extremely diverse set of assets that includes movies, games, music, electrical components, and more. The company is one of the largest entertainment companies in the world, and it will likely maintain its position over the coming years.
Sony film studios have been on an epic hot streak lately. The newest Jumanji release smashed the weekend box office, and many of its other movies performed well too. Over the next few years, it has several hits coming down the pipeline, including Life, Peter Rabbit 2, Bloodshot, Ghostbusters: Afterlife, Escape Room 2, Venom 2, Cinderella, and a Spiderman sequel. The acquisition of Silvergate Media Holdings Ltd will also help Sony bolster its movie business.
In the music section, Sony remains one of the largest record labels in the world, generating billions of dollars from recorded music and other distribution channels. Its streaming service can’t touch Spotify or Apple Music, but it generates substantial revenues for the company.
While the PS4 remains one of the best gaming consoles in the world, Sony will launch the PS5 console soon. The PS5 boasts several unique features that will make it a worthy addition to the Playstation lineage. When the next-gen gaming console is released, it could create significant revenues for the company.
Sony’s widely exposed to the entertainment sector, so it could be a great way to make a macro play on the entertainment sector. It’s one of the leading entertainment stocks and it’s likely to remain so for years to come.
ViacomCBS is an American multinational media conglomerate that has been around for a while. The company is known for commercial broadcasting, publishing, and television production. It is one of the largest media houses in the US.
The joining together of Viacom and CBS once again could bolster the company over the coming years. The two companies first merged in 1999 before they broke apart in 2005. However, they are back together, with the company now known as ViacomCBS.
With Viacom now a part of CBS, it brings channels such as BET, Comedy Central, MTV, and the movie studio Paramount to the fold. This would be in addition to the Showtime, CBS Television Network, CBS News, and other 15 CBS-owned TV stations.
The streaming platforms of CBS, CBS All Access, and Showtime have seen a substantial increase in subscribers over the past year. The company has over 8 million subscribers on its streaming platforms. They aim to reach 25 million subscribers by 2022. The merger with Viacom could see the company reach eclipse that figure over the next two years.
Warner Media is the entertainment wing of American telecom giant AT&T. Based in New York, it’s one of the largest entertainment companies on the market. It has extensive global reach and boasts fantastic networks such as HBO.
The company is joining other leading movie production houses to launch a streaming platform. Warner Media unveiled its streaming platform, HBO Max, in October 2019. HBO Max debuts in May 2020 and the company expects to reach 75 million to 90 million subscribers by 2025.
HBO Max has a long way to go before it can catch up with Netflix and Amazon Prime, who currently lead the market. However, signing that many subscribers would give HBO Max large portion of the market.
Warner Media’s 2020-2021 movie line up could power the stock to more long-term gains. Some of these movies include Wonder Woman 1984, Godzilla vs. Kong, and more. Time Warner’s content properties include DC Comics, New Line Cinema, The CW, and other brands. The company’s vast content portfolio could help it compete in the streaming market.
Discovery Communications Inc. is an American media company headquartered in New York. The company has been around since 1985, and it’s best known for its documentaries and reality TV. Discovery appeals to highly engaged audiences, and its top brands include Discovery Education, HGTV, TLC, Eurosport, and others.
The company generates billions of dollars in revenue annually, making it one of the largest entertainment companies in the world. In addition, Discovery Communications made several acquisitions to boost its content production over the past few years. It’s $15 billion acquisition of Scripps is one of the most notable, and it allowed the company to add Food Network, Travel Channel, and HGTV to its media portfolio.
While the other big media companies are entering the streaming sector, Discovery Communications is yet to make a move. The company wants to continue producing unique content that differentiates it from other brands. They are focusing on developing great personalities, different content, and excellent brands.
Their focus on unique and different content could increase their global standing and boost sales over the coming years. While it would be tough to differ from the others, this business model sets Discovery Communications apart from the others.
When Discovery Communications ventures into the streaming war, the company believes it could gain a competitive advantage because all other media houses are focusing on scripted movies and TV shows.
SeaWorld is one of the most extensive family-friendly entertainment, amusement park, and attraction companies in the world. The Orlando-based company operates several theme parks in the United States.
Some of the brands under this company include; SeaWorld Orlando, Discovery Cove, Aquatica San Antonio, Busch Gardens Williamsburg, Sesame Place, Discovery Point, and more. SeaWorld generates billions of dollars in revenue annually and records over 20 million visitors during that period.
The revenue and attendance numbers at SeaWorld continue to grow, and this could be a catalyst for stock growth. If the company could keep up the numbers, then it could experience massive growth over the coming years.
Comcast is a Philadelphia-based telecommunications conglomerate. It is one of the largest broadcasting and cable television companies in the world, generating billions of dollars in revenue annually. Comcast owns NBCUniversal since 2011, allowing it to boost its feature films and TV programs.
Comcast is known for its traditional cable television services. It has over 20 million subscribers in the United States, enabling it to generate billions of TV revenue. However, the number of cable subscribers have been declining. This could be due to the emergence of movie streaming.
Comcast is a vast telecommunications conglomerate that offers high-speed internet, cable, and more. Plus, they own NBC and other media assets.
To tackle that, Comcast is looking to launch its streaming platform. NBCUniversal’s new Peacock streaming service could be launched next year as the company pushes to enter the sector. It is unclear how the platform would operate, but the details would be revealed by January 2020.
Comcast’s entry into the streaming sector could help keep its subscription numbers up. It could also help Comcast retain its place as the second-largest broadcasting company in the world.
Entertainment continues to be a significant part of our lives. For investors, the growth in the entertainment sector has been impressive as it means more money for them. However, as an ever-changing sector, it is great to know the stocks that could perform well over the coming years. The following entertainment stocks have the potential to bring in high returns to investors.
The entertainment industry is an ever-changing one. Traditional cable subscriptions are being replaced by streaming services. Music streaming is replacing CDs and MP3s. Even gaming is shifting towards streaming and freemium pricing models. All these changes have affected the performance of various entertainment stocks. Video streaming could earn over $30 billion byy2024. User penetration could reach 16% over the next four years.
The music streaming industry is also set to record massive growth over the coming years. Overall, the entertainment industry could continue to grow and evolve over the next few years.
Entertainment stocks have been performing well over the past few years. Technological innovations helped power significant growth in the industry. The sector is mostly dominated by the movie, music, and video game industries. However, amusement parks can still be successful businesses. The entertainment industry will continue to involve, but we can be sure that entertainment stocks are going to be around for many years to come.
If you’re ready to to go beyond entertain stocks, then sign up for Stock Dock Alerts. We provide a steady stream of stock market news and analysis that will help keep you informed on everything happening in the world of Wall Street. Plus, our reports are written in plain English, so they’re easy to understand. After just a few weeks reading Dork Alerts, you’ll sound like the smartest guy at the water cooler. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.
The music sector is always changing. Previously, the music industry focused on recording albums, conventional radio, and other legacy formats. However, advances in technology put digital formats and subscription streaming platforms at the heart of the business. The streaming music stocks have taken center stage, but some traditional media companies are still big players.
Picking the best music stocks is not an easy feat because the industry moves fast. However, some music stocks are well-positioned to lead the sector for years to come. Here, we’ll highlight the best music stocks money and tell you why they’re the best. Stay tuned, because these music stocks are ready to rock.
For the leading music stocks, we focused on those large companies based in the United States. However, these companies operate internationally too and they have subscribers all over the world. These music industry stocks could be major players for decades.
Spotify Technology SA (SPOT)
Spotify is a Sweden-based music streaming stock, but it lists in the U.S. on the NYSE. The company provides digital music, podcast, and video streaming services. They allow millions of subscribers around the world to access songs and other content from artists all over the world.
At the moment, Spotify is the largest music streaming platform in the world, with over 35% market share of the sector. The company records over 200 million active users per month, with more than 100 million active subscribers.
Spotify is based in Stockholm, Sweden, but it’s one of the most popular streaming music services on the planet.
Spotify recently began a push into podcasts. The company invested heavily to support podcast listeners and encourage other users to tune in. So far, they’ve introduced several features that make it easier for users to enjoy podcasts.
A new button on free users’ homepages asks subscribers to pick topics of interest. Then, Spotify provides podcast recommendations based on their interests. Spotify offers the feature in most countries, including the US, Canada, and Mexico. However, it could go global in the future.
Spotify also launched Alexa-enabled podcasts recently. Now, users can use Alexa to pull up their favorite podcasts. If Spotify continues dominating the podcast and music streaming markets, share prices could rise significantly over the coming years.
Sirius XM is one of the largest audio entertainment companies in the world. The New York-based broadcasting company provides satellite radio and streaming music services to users in the United States and abroad. Users from all over the country can access the contents available on Sirius.
Sirius drastically increased its reach when it acquired Pandora Media. With over 100 million people using its audio products and services, Sirius has become the largest audio entertainment company in the US.
The growth of Sirius didn’t stop with the number of users; the revenues generated by the company have been increasing. The company saw its subscription revenue increase from $4.2 billion in 2016 to $4.6 billion in 2018. With the acquisition of Pandora Media in 2019, the revenue by Sirius is expected to rise even higher.
Sirius continues its efforts to expand its portfolio. The company is making exclusive partnerships a lynchpin part of its strategy. It recently landed a deal with Rolling Loud, the largest Hip Hop festival brand in the world, in an effort to further its reach.
Sirius audios are available on multiple devices such as SiriusXM Radios, Roku, appliances, the SiriusXM mobile app, Google Assistant, smart TVs, Amazon AMZN Alexa, Apple, and more.
Tencent Music Entertainment Group is a joint venture by Spotify and Tencent, two of the largest media companies in the world. The company creates music streaming services for the Chinese market.
The fact that Tencent Music is the leading audio streaming service platform in the world’s most populous country makes it a stock worth looking at. It operates four popular and innovative music apps in China. They are; QQ Music, Kugou Music, Kuwo Music, and WeSing.
The number of people using Tencent Music’s app is over 800 million, with more than 120 million of them active subscribers. With such a large number of subscribers, it is not surprising that Tencent Music currently controls over 75% of the Chinese music streaming market.
After dominating the Chinese market, Tencent Music is looking to expand. Tencent is looking to expand its services to neighboring Asian countries, Thailand, Indonesia, and Malaysia. Tencent Music hopes to monetize virtual gifts and gain more paid subscribers in those countries.
Similarly, Tencent Music is looking to promote more artists from outside China. The company sold nearly six million copies of Taylor Swift’s new digital album, Lover, within 24 hours. It sees growth in the market and could take advantage of it.
Cirrus Logic is one of the largest manufacturers of audio processors in the world. Although not involved in providing music streaming services to people, it manufactures audio processors that help in making the music.
The Austin-based company’s audio processors and audio converters are used in audio and consumer entertainment products. Some of these products include smartphones, tablets, digital headsets, automotive entertainment systems, home-theater receivers, and smart home applications, such as smart speakers.
Cirrus is a music stock to consider because it has over 3,200 customers, including SiriusXM, and tech giants like Sony, Ford, Itron, LG, Lenovo, Onkyo, Marantz, Motorola, and Samsung.
The global trend is shifting to mobile stereo, and Cirrus’s entry into the market will see its progress in the coming years. The launch of its CS35L41 Smart Power Amplifier in 2019 is a welcome development. The amplifier boosts audio on smartphones when listening to music, streaming video, and gaming.
The entry into new markets and its expanding customer base makes Cirrus a music store you could consider. The stock hit high notes last year and could continue to do so.
Apple Music delivers streaming music to millions of subscribers in over one hundred countries globally. The platform also includes the Internet radio station Beats 1.
Since its creation in 2015, Apple Music’s worldwide subscribers have increased from 6.5 million in the first year to reach 60 million by 2019. The 28 million paid Apple Music subscribers in the US eclipses the 26 million Spotify has in the country. The figure is expected to grow both locally and internationally over the coming years.
Surprisingly, Apple Music has more U.S. subscribers than Spotify.
One major disadvantage of the Apple Music platform is that it doesn’t come pre-installed in iPhones, of which there are over 900 million devices currently in use around the world. However, Verizon, the largest telecom carrier in the US, bundles free Apple Music subscription with some of its service plans. This is a significant advantage for Apple Music as its subscription reaches more people in the US via Verizon.
Apple Music launched the B2B version of the software, called Apple Music for Business. The Apple Music for Business, which was launched in partnership with brand-engagement firm PlayNetwork, is designed for retailers, restaurants, and other businesses that wish to play licensed music.
The Apple Music for Business could significantly increase Apple Music’s market share in the US over the coming years.
The Amazon Music Unlimited, popularly known as Amazon Music, is a music streaming platform and online music store owned and operated by the retail giant, Amazon. The platform, which can be accessed via web browsers, has become one of the fastest-growing music platforms in the US.
As of April 2019, Amazon had over 32 million subscribers across both Prime Music and Amazon Music Unlimited. That’s a 13% share of the US streaming music market. While it’s still well behind Spotify and Apple Music, Amazon recorded substantial growth over the past two years.
The Amazon platforms could grow faster now that the company is offering a free streaming music option. Previously, streaming service was only available to Prime members and Echo users. Now, ad-supported streaming is available free on iOS, Android, and Fire TV.
Amazon Music’s free option should help it gain more subscribers over the coming years.
Sony Music is a global music conglomerate owned by Sony Corporation. It is one of the largest music companies in the world, controlling several brands under its corporation. The firm controls dozens of labels, including Sony Classical, Provident Label Group, RCA Inspiration, Sony Music Latin, Columbia Records, and many more.
The company has three major components; recording music, music publishing, and visual media and platform. The recorded music and visual media and platform ventures rake in billions of dollars annually, while they also make substantial revenue from the music publishing business.
Sony hopes podcasts could become a high-growth business in the future. The company is venturing into the industry and recently began offering podcasts from different parts of the world.
Similar to the other big brands, Spotify and Apple Music, Sony has been making strategic moves to enter gain market share in the podcast industry. The company made an investment in a podcast production company and it hopes the move will bolster its non-music programming lineup.
This is a Massachusetts-based tech and multimedia company that specializes in audio and video. The company specializes in providing music and video services such as video editing software, audio editing software, digital non-linear editing (NLE) systems, and music notation software. They manage and distribute these services to several companies and brands around the world.
Avid Technology has always been focused on empowering artists to distribute their music. Using the various Avid platforms, artists can do that. AvidPlay, a new music distribution service launched by the company, allows artists, producers and music labels to quickly and affordably share their music on popular streaming platforms like Spotify, Google Play Music, Pandora, Amazon Music, and more.
The AvidPlay has recorded hundreds of thousands of subscribers in its first few months and could be set to increase. Other creative tools developed by Avid Technology include Pro Tools | First, Media Composer | First, Sibelius | First, and more. These tools make it easy for artists to collaborate with like minds online, making the creative process fun.
As Avid Technology continues to provide solutions for artists and creative individuals, the company could experience more growth in the coming years.
The music industry has undergone a drastic transformation over the past 20 years. Consumers are shifting away from physical media, like CDs and MP3 players, towards subscription streaming models, like Spotify and Apple Music. This trend transformed the landscape of the music business by creating new power players in the market.
Previously, the music industry more or less consisted of artists and record labels. Record labels controlled the distribution and artists created the content. Now, the major streamers also control a large chunk of the distribution.
According to a consumer study from the International Federation of the Phonographic Industry, 89% of global consumers listen to streaming music. The average user listens to about 18 hours of music per week, and 54% say they “love” or are “fanatical” about music. Those are fantastic engagement statistics.
Music plays an important role in practically every culture. No matter where you go, people are listening to music. Streaming services make it convenient and affordable for listeners to hear whatever music suits their mood, so it’s no surprise that they have become so popular. As high-speed internet spreads further and further into emerging markets, the music industry is likely to continue growing at a brisk pace.
(Statista.com)
The global online music streaming service has experienced massive growth over the past few years. However, the next five years could see it record even more significant gains. In a new study by ResearchAndMarkets.com, the global online music streaming market could grow by $56.7 billion by over the next five years to reach $65.4 billion by 2025.
The US market is the largest, with 30.8% of the addressable market share. However, Europe and Asia will grow significantly in the coming years.
Music stocks had a great run over the past few years, and technology innovation played a big role in the expansion. Streaming platforms allow artists to connect with more fans and get compensated in the process. It’s a win-win for practically everyone involved. Plus, this industry more staying power than almost any other. Humans have been listening to music since before the dawn of time, so it’s safe to say this industry probably isn’t’ going anywhere anytime soon.
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The movie industry provides a popular pastime for many people around the globe. Movie studios generate billions of dollars annually from theatre tickets and other high-end deals. This is to the benefit of investors who hold movie stocks.
The US stock market has had a fantastic 2019 so far and some movie companies played a part in it. Some movie stocks are performing excellently following blockbuster movies and significant acquisitions.
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Here are four movie stocks that could head higher over the coming months.
Walt Disney has been perhaps the leading company in the movie sector. The company’s shares are up by 35% since the start of 2019. The fantastic surge in stock price could be due to its acquisition of 21st Century Fox, and other remarkable moves made by the company.
Disney released eight highest-grossing films so far this year, including movies such as “The Lion King,” “Avengers: Endgame,” and “Toy Story 4.” As a result, Disney is leading the other movie studios in box office revenues over the last decade.
Disney has OWNED the box office this year. The company grossed billions of dollars from its Hollywood hits in 2019.
Disney will now focus on providing stiff competition to the likes of Netflix, Apple, and Amazon in the streaming sector. The launch of the Disney + streaming service and the takeover of Hulu has set the company up nicely to compete with those streaming giants.
Sony is another movie stock that has performed excellently since the start of 2019. The shares of Sony Corp are up by 36% since the turn of the year. It could head higher in the coming months following the recent strong performance.
‘Jumanji: The Next Level’ is the latest file released by Sony. The movie hit the box office this weekend and opened with $60.1 million this weekend for a $213 million revenue. The amount exceeds the $52 million recorded by Jumanji: Welcome to the Jungle in 2017.
Next year, Sony has lined up some exciting movies, including Bad Boys for Life, Bloodshot, Ghostbusters: Afterlife, Venom 2, and more.
The Warner Bros studio is under AT&T since the telecommunication company bought Time Warner for $85 billion last year. The AT&T stock price is up by 31% so far this year, with the performance of Warner Bros studio playing a crucial part.
Warner Bros raked in over $1.02 billion from the ‘Joker’ movie this year, making it one of the best performing films of 2019. The company could be set to get more significant performances next year from films such as Wonder Woman 1984. It is the sequel to the 2017 superhero film ‘Wonder Woman.’
The other movies that would air next year include; Scoob, The Witches, Godzilla vs. Kong, Dune, The Way Back, and more. These moves could see Warner Bros generate substantial theatre revenue and could see the stock price head higher.
Netflix continues to lead the movie-streaming industry despite stiff competition from the likes of Amazon, Disney, and Apple. The shares of Netflix are up by 10% since the start of 2019 but could head higher over the coming months.
Disney has launched its Disney+ streaming service, but analysts believe it has little impact on Netflix. According to analysts from Credit Suisse, the competition from the launch of streaming platforms such as Disney+ have little to no effect on Netflix. However, it could have an impact in the long-term as the companies battle to win over the larger share of the global streaming service.
Netflix is becoming a major player in the movie industry. It launched several films featuring A-list actors this year, including Bird Box (Sandra Bullock), The Irishman (Robert Deniro, Al Pacino, Joe Pesci), and more.
Netflix has been reluctant to advertisements but analysts believe it could lose millions of subscribers in the US if it doesn’t change its strategy. Adopting ads could see Netflix offer cheaper plans to subscribers and challenge the other platforms that provide affordable plans. If Netflix does this and gains more subscribers, then the company’s stock price could head over in the coming months.
It’s been an exciting year for movie stocks, and the biggest names are making moves to gain more market. Subscribe to the Dork to get the latest on movie stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
Toy companies have been around for centuries and they’re not going away anytime soon. Despite the popularity of electronic toys, the traditional toy market remains resilient. Investors might want to get into this market by buying toy company stocks, but they need to do their homework to find the best toy stocks.
The toy sector relies heavily on Chinese supply chains, so many toy company stocks suffered as a result of the trade war this year. However, with a phase-one deal now in place, these companies could be ready to rebound in 2020.
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Mattel remains one of the largest toy manufacturers in the world. The company, which is based in El Segundo, California, has seen its share price go up by 44% year-to-date. With the market still performing well, Mattel’s stock price could surge higher over the coming months.
Mattel rebounded from a dismal 2018 to be one of the best-performing toy company stocks this year.
Mattel performed excellently during the last quarter, reporting a 3% increase in net sales. The total net sales for the third quarter was $1.4 billion, while the gross sales stood at $1.6 billion. The reported EPS was $0.20, which is higher than the $0.02 recorded in the same quarter of 2018.
Hasbro is another American multinational toy company that generates billions of dollars in revenue annually. The company is based in Rhode Island and operates subsidiaries such as Wizards of the Coast, E1 Entertainment, Playskool, and more.
The shares of Hasbro are up by 28% since the start of 2019, making it one of the best performers in the sector. It could continue its bull run if the market maintains its current trend.
Hasbro owns some of the most recognizable toy brands on the planet, including Mr. Potato Head (pictured above).
Hasbro recently took over Entertainment One PLC, a UK-based company in a deal worth £3.3bn. However, the Competition and Markets Authority (CMA) is currently reviewing the acquisition as it believes the move could substantially reduce competition. The deal is expected to grow through and could represent a big win for Hasbro.
Jakks Pacific is a company popular for designing and marketing toys and consumer products. The shares of Jakks is down by 100% but could be a great buying opportunity at the moment. Share prices declined in recent quarters, but they could turn around now that a preliminary trade deal is in place.
Last month, Jakks appointed John Kimble as Executive Vice President and Chief Financial Officer of the company. Mr. Kimble is tasked with overseeing the financial aspects of Jakks. The managerial change could see the company turn things around in the coming year.
Funko is a Washington-based company that manufactures licensed pop culture toys, plush, bobbleheads, action figures, and a few electronic items. The shares of Funko are up by over 10% since the start of the year and could head higher by next year.
Funko recorded notable revenue figures in the third quarter of 2019. The net sales were up by 26% from the same quarter of last year to $223.3 million. The earnings per share of the company also went up to $0.25. If the company keeps posting solid financials, then the outlook for 2020 is bright.
Polaris Industries Inc. manufactures motorcycles, snowmobiles, ATV, and neighborhood electric vehicles. The shares of the Minnesota-based company is up by 26%, placing it amongst the top performers in its sector. It could head higher in 2020 as the US stock market continues to perform well.
Polaris Industries began trading ex-dividend late last month. Its cash dividend payment of $0.61 per share is set to be paid on Monday, December 16. Investors who bought the shares before the ex-dividend date will receive the cash dividend payment.
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The China trade war dominated the headlines in 2019. Tariffs had a huge impact on the market and the economy. Industrial stocks were hit harder than many other sectors. However, after over a year of negotiations, it appears we’re finally getting close to a deal.
The “phase-one” deal could have a massive impact on the stock market. Opportunistic traders should be looking for bargains and building sizeable positions in stocks that are due for a trade deal pop. Industrial stocks are strong candidates in this category. They could be rally once the trade deal is finalized.
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The United States and China are very close to a deal, according to the White House. The US has offered to reduce tariffs on Chinese goods starting Sunday. Sources told CNBC that tariffs could be cut by as much as 50%.
Once President Trump agrees to the terms, the deal should go in effect. Stocks popped when the news broke. However, the market is holding its breath while it waits for Chinese confirmation.
The US offered to reduce duties on $360 billion in Chinese products, and China agreed to buy $40 billion in goods from the US. However, President Trump is pushing for $50 billion.
With the phase one trade deal looking closer than ever, here are some industrial stocks you could buy before the agreement is signed.
Johnson Controls has been one of the best performing industrial stocks in 2019. The company’s share price is up by 40% since the start of 2019. With the trade deal set to be signed any time soon, the company’s stock price could head higher.
Johnson Controls produces and sells HVAC equipment, building automation, security, fire detection, batteries, and similar products. Earlier this month, the company made a management change.
Johnsons Controls offers a variety of vital industrial products. Demand for these types of products could sky-rocket if a phase-one deal is signed.
They appointed Ganesh Ramaswamy as vice president and president, Global Services & Transformation. Mr. Ramaswamy is tasked with providing leadership for the company’s global services, which generates roughly $6.3 billion annually.
W.W. Grainger is an American Fortune 500 supply company that manufactures and repairs operating products such as lighting, hand and power tools, HVAC, and more. The shares of the company are up by 22% year-to-date and could record further gains by next year.
Over the past three quarters, 14 analysts have rated the W.W Grainger stock as a ‘BUY.’ This implies that they see the potential of the stock price to rise over the coming months. Analysts from firms such as JP Morgan, Raymond James, Well Fargo SEC, William Blair, and others all rate it as a BUY.
Flowserve Corp is one of the largest suppliers of industrial and environmental machinery in the world. FLS is up 29% since the start of 2019 and, with a trade deal on deck, Flowserve’s could rally over the coming months.
Flowserve made some managerial changes earlier this month. The company appointed John E. Roueche, III, as Interim Chief Financial Officer. John E. Roueche, III is already serving in other capacities, as the company’s vice president, treasurer and investor relations.
Stanley Black & Decker, Inc. is a manufacturer of industrial tools, household hardware, and security products. Shares are up 35% year-to-date, making it one of the industrial sector’s most solid performers.
A phase-one trade deal could give the industrial economy a shot in the arm, and Black and Decker could be a major beneficiary of an increase in industrial activity.
Stanley Black & Decker’s stock is rated as a BUY by analysts from UBS Group. Some analysts have also raised their ratings for the stock as they believe it would reach the $175 mark over the coming weeks and months.
The trade deal with China is looking closer than ever, and the market is preparing for it. Industrial stocks could rally if a phase-one deal passes. Subscribe to the Dork to get the latest on the trade deal and how it affects US stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
Electric cars are becoming increasingly popular across the globe. In a few decades, every car on the road could be electric. Investors that buy electric car stocks soon could be in an excellent position to capitalize on this macro-scale trend.
Traditional car companies are also entering the EV fray. These classic car stocks are slowly increasing their exposure to the EV industry. Car stocks could also benefit from an eventual shift to electric vehicles.
Electric vehicle stocks could grow significantly in the coming years. For more on the hottest growth stocks, check out more of our top stock picks here. To get late-breaking coverage of the hottest stocks, sign up for free Stock Dork Alerts. You’ll receive a free copy of our “2020 Growth Guide” when you join, so subscribe today.
Here are five electric car stocks you should consider buying today.
Tesla remains the most popular electric car brand in the world. The shares of Tesla Inc. is up by 13.5% year-to-date, despite the stiff competition it now faces in the electric vehicles industry. Tesla continues to stay ahead of the pack due to its innovativeness, and the stock could be worth your money at the moment.
Tesla’s Model 3 was crowned the best electric car of the year by Edmund.com. Editors at Edmund arrived at this conclusion after extensive testing of the electric vehicles. Tesla’s Model 3 emerged as the highest-ranking electric vehicle of 2019.
Tesla recently launched the Cyber Truck, a new electric pick up truck that registered over 100,000 preorders within hours of its launch.
The company is on track to expand its operations to Israel by next year. Tesla’s representatives have been meeting with Israeli ministries of transportation and energy. They are accessing the legal requirements for Tesla to become a local electric car distributor in Israel. The expansion of its market could play a role in the stock performing excellently.
One of the leading Chinese electric car manufacturers, Nio is a popular EV stock. While 2019 has been tough for the company, it remains a famous electric car brand. The stock price is down by 172% since the start of the year. However, it could recover its value by next year.
Earlier this month, Nio revealed that it delivered 2,528 vehicles in November, which saw it maintains its strong momentum. The deliveries represent the fourth consecutive month that Nio recorded growth in shipments. The strong performance by Nio heading into 2020 could see the stock record considerable growth next year.
Ford is one of the leading car manufacturers in the world. The company had delved into the electric vehicles industry and is looking to become a leader over time. Ford’s share price is up by 15% year-to-date but could surge higher as we head into 2020.
Last month, Ford rolled out its Mustang Mach-E. This is the first all-electric SUV from Ford as the company aims to spend $11 billion on electric vehicles and hybrid cars by 2022. The car is the leading edge of a new generation of Internet connectivity for Ford. It enables Ford to carry out over-the-air software updates, making it an exciting car for road users.
General Motors is known for designing, manufacturing, marketing, and distributing vehicles and vehicle parts. Its entry into the electric car scene will see it challenge the likes of Ford and Tesla. General Motor’s share price has had a mixed year, up by 1% after attaining several highs over the past month.
The Chevrolet 2020 Bolt EV is a leading electric car by General Motors. Last week, GM and LG Chem partnered to build a $2.3 billion electric car battery plant in Ohio. Operations could commence by mid-next year, expanding GM’s activities in the electric vehicles sector.
Volkswagen is one of the largest car manufacturers in the world. The German-based automotive company is behind popular brands such as Audi, Škoda Auto, SEAT, Porsche, and more. The company’s stock is up by 18% since the start of 2019.
Volkswagon is one of the leading legacy car manufacturers in the race towards electric vehicles.
The entry of Volkswagen into the EV sector makes it a worthwhile stock to consider. The company launched the ID.3, a vehicle it describes as its first ‘electric car for the masses.’ The car will be available by mid-next year. Volkswagen is planning to spend €60 billion to expand its electric car fleet. The company plans to roll out 75 electric car models and 60 hybrid cars over the next decade. Such an investment would make it one of the leading EV companies in the world.
Electric vehicles are becoming more popular as car manufacturers are diversifying into the sector. However, some electric car stocks are worth buying now, due to their vast potential. Subscribe to the Dork to get the latest on electric cars. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
Computers are still a vital part of the world’s tech infrastructure. Smartphones have throttled some of the demand for computers, but computer stocks still have a future. As a whole, the tech sector had a fantastic 2019. Computer stocks also made solid gains this year.
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As we head into 2020, some computer stocks look promising and could be set to deliver solid gains to investors next year.
The shares of Hewlett-Packard have underperformed this year, barely recording gains since the start of 2019. The stocks of the Palo Alto-based company is down by scarcely 1% since the beginning of the year.
Shares of HP have underperformed the market this year, and the firm is attempting to fight off a hostile takeover from Xerox.
Xerox has been trying to takeover HP, but the board has rejected the move so far. This comes despite HP performing well during its fourth fiscal quarter. The fourth-quarter revenue was $15.4 billion, which is 0.3% higher than in the same period last year. The annual revenue meanwhile stood at $58.8 billion, up 0.5% from the prior-year period.
The strong earnings report by HP could see the company’s stock perform well in the coming year. However, the talks of a Xerox takeover might not be going away soon.
Dell is another legacy computer manufacturer that could perform well next year. Shares of Dell touched $69 back in May and the stock could recapture those highs soon. Dell has a solid computer business and it owns a large stake in VMWare, a high-tech cloud services business.
Late last month, Dell Technologies reported its third-quarter fiscal 2020 earnings. The non-GAAP earnings were $1.75 per share, which is 15% above the Zacks Consensus Estimate. Revenues were also up by 1.2% year over year to reach $22.93 billion. The growth in storage, commercial and VMware earnings could trickle into next year, which could see the stock perform well in 2020.
Lenovo manufactures computers and other related accessories. The company has underperformed on the stock market this year, and share prices are roughly flat since 2019.
Earlier this month, Lenovo reported its second-quarter fiscal 2020 earnings. The computer sales accounted for 78% of the company’s revenue, with other sectors taking the remaining 22%. Lenovo also maintained its status as the leading PC global vendor in the world, with over 24% market share.
Lenovo is one of the world’s largest computer companies, but shares of the company have underperformed this year.
Despite its struggles this year, growth in PC sales and the robust data center revenues could rally Lenovo next year.
Xerox is one of the largest computer companies, with a presence in over 160 countries around the world. Unlike the other popular computer stocks, Xerox has recorded gains so far this year. The share price is up by 89% year-to-date, making it one of the best performing computer stocks.
The company recently launched a big to takeover HP. HP’s board rejected the deal, but Xerox decided to take their offer directly to shareholders. The Xerox bid values HP at $33.5 billion. Xerox says it expects revenues to grow by $1.5 billion if it successfully acquires HP.
Asus is a Taipei-based computer and phone company that has seen remarkable growth this year. The company’s share price is up by 18% year and could move higher over the coming months.
Last month, Asus and Google partnered to work on a new project dubbed ‘Tinker Board’ single-board computers (SBCs). The computers are designed for developing small systems to work on AI inference applications such as image recognition. The partnership with Google could help Asus’s stock record gains in the coming year.
Computer stocks have had a mixed year despite the tech sector rallying. However, things could change for the following computer stocks by next year. Subscribe to the Dork to follow everything on computer stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
The gaming industry is large and diverse. However, companies that own casinos are the most well-known. Casino stocks provided investors with excellent returns in recent months, and the industry continues to expand.
Casino operators need tons of government licenses and permits, so they’re very capital-intensive. The largest casino stocks are already established in the industry, so they have a significant competitive moat in comparison to outsiders. Plus, the economy is booming and unemployment is near record-lows, so casinos could see a lot of action in 2020. Now could be a great time to double down on casino stocks.
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These five gaming stocks are some of the largest casino operators in the US, and many of them own dozens of properties spread across the globe.
Caesars Entertainment Corporation is a leading casino operator. It manages both casinos and hotels, and its share prices are up 88% year-to-date. The long-term outlook remains bullish for Caesars.
Last week, Caesars sold Rio All-Suite Hotel & Casino to Dreamscape Companies, a company led by the founder, Eric Birnbaum. Rio was sold for $516.3 million, but Caesars would continue to manage the property for two years with an annual fee of $45 million.
MGM is one of the most popular casino companies in the world. The company employees thousands of people and has several U.S. properties. MGM is only up 28% year-to-date but it has a long track record for success. It could be an excellent long-term holding.
MGM operates over a dozen U.S. casinos, including the MGM Grand in Las Vegas and The Borgata in Atlantic City.
Last month, MGM announced that they are looking for investors to partner with them to pursue a joint venture at two prominent Las Vegas properties.
The Las Vegas Sands Corp is another major casino company in the US. The stock of the Nevada-based company is up by 23% since the start of 2019. However, it could go higher over the next few months. With an annual revenue of over $10 billion, Las Vegas Sands Corp is one casino stock that might be worth betting on.
During the last quarter, hedge funds interest in Las Vegas Sands Corp’s shares was flat. A strong performance by the company in the current quarter could create more interest from institutional investors. If hedge funds start buying, share prices could head higher over the coming months.
The Stars Group Inc. made considerable gains this year. The stock price is up by 50% year-to-date and could be set to move higher soon. This Canadian-based casino company is expanding its global business, and investors are excited.
Earlier this month, the Stars Group agreed to purchase the remaining 20% interest in BetEasy, its Australian-based sports betting venture. The acquisition will close within the next three months and it will make The Stars Group the sole owner of BetEasy.
Boyd Gaming Corporation is a Nevada-based casino and hospitality company, generating billions of dollars in revenue annually. Shares gained over 38% since the start of 2019. If the bull market can continue to charge higher, Boyd Gaming Corporation’s share price could follow it upward over the next few months.
Las Vegas casino operator Boyd Gaming is up roughly 38% so far this year.
Last month, Boyd Gaming Corporation announced a private offering of $750 million senior notes. The notes are due by 2027. The company aims to use the funds to redeem the outstanding 6.875% senior notes due 2023. , Boyd Gaming will borrow to pay the accrued and unpaid interest, redemption premium, expenses, and commissions relating to this offering.
Casino stocks performed excellently this year and that momentum could carry into 2020. Subscribe to the Dork to follow the latest casino industry news and much more. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
Growth stocks are often the hottest stocks on Wall Street. These companies usually have rapidly expanding revenues and substantial cash flows. Their revenues and earnings are expected to increase at a faster rate than the industry average.
The stock market has been performing excellently since the start of the year. It could go further over the coming years as analysts expect last-minute US-China trade deal to go through. If that happens, then there would be a lot of interest in the market. However, some growth stocks could be heading higher over the coming weeks.
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Restoration Hardware Holdings is one of the leading growth stocks. The home-furnishings company could surge higher after recording massive gains in recent days. The stock price is up by 15% over the past week and could head higher over the coming days.
The company posted its third-quarter earnings last week, outperforming analysts’ estimation. The EPS was $2.79, which is higher than the $2.23 expected. The revenue of $677 million is also higher than the $676 million estimated by analysts. The strong performance led Restoration Hardware Holdings to increase its 2019 full-year EPS to between $11.58 and $11.70.
The shares of the Mercadolibre, Inc. online marketplace company could be heading higher over the coming weeks. The stock has performed excellently this year, up by 96% since the start of 2019.
As one of the leading online marketplaces in Latin America, Mercadolibre, Inc. is looking to expand its services to the under-banked regions of the continent. Its digital payment system, Mercado Pago, will help provide banking services to those areas. It is no wonder that hedge funds are betting on the stock to perform well over the coming weeks and months.
This Chinese e-commerce site had a fantastic year. Share prices gained 57% since the start of 2019. The company has been building its user base by marketing to lower-tier cities around the world, and the strategy could continue to pay off in the coming months.
JD.com is battling it out with Alibaba for a larger share of the Chinese eCommerce market.
The third-quarter revenues of JD.com surpassed analyst’s expectations. Since then, JD.com has been making moves to boost demand for its products. Recently, JD.com merged its luxury shopping offering with Farfetch China. The merger will see Farfetch China serve as a conduit for smaller luxury brands into China.
Cyberark Software Ltd is another growth stock that could surge higher over the coming weeks. The shares of the information security company is up by 64% year-to-date and could rise further over the next few weeks and months.
Cyberark recently announced that it had secured the AWS Security Competency status from Amazon. Cyberark is a recognized partner of Amazon and would help with AWS customers’ cloud transition. At the moment, Cyberark offers various solutions in the AWS marketplace, including, CyberArk Conjur Open Source, CyberArk Privilege Cloud, and more.
Russian internet service company, Yandex NV is another growth stock that could move higher soon. The price of its shares is already up by 48% since the start of 2019 but could be heading higher due to recent developments.
Yandex has been called Russia’s Google, and it could be a rapid grower over the next few years.
Some Wall Street analysts have rated Yandex’s stock as a ‘BUY’, with hedge funds increasing their position in the company. Out of ten rating firms, eight of them believe Yandex is a ‘BUY.’ Meanwhile, one analyst rated the stock a SELL while another one recommends HOLD. With some hedge funds increasing their positions in Yandex, the stock price could rally soon.
Growth stocks have performed well this year, and they could head even higher over the coming weeks and months. Subscribe to the Dork to follow everything on growth stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
Last week’s top gainers could carry over their momentum into this week. These breakout stocks made big moves over the past few trading sessions, so they could trade with a lot of volatility this week. Opportunistic traders should keep a close eye on them.
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Keep an eye on these breakout stocks.
Genesco Inc. is another breakout stock for the week, after recording considerable gains over the past few days. The shares of Genesco Inc. are currently up by more than 1% at Monday’s pre-market session and could move higher over the coming days.
The stock has been performing well since the company published its Q3 earnings report on Friday, December 6. Net sales were flat at $537 million, but comps grew by 3%. EPS was up to $1.31 from the $1.00 recorded in the same quarter last year.
The excellent earnings report rallied share prices, and the stock could continue to perform well over the coming week.
The shares of Big Lots, Inc. have spiked over the past few days and could be set to move further this week. The stock recorded losses in the previous quarter, but the revenue obtained was higher than what analysts had expected.
The retail company posted a quarterly loss of $0.18 per share, which is better than the Zacks Consensus Estimate of a loss of $0.21. However, it is higher than the loss of $0.16 per share reported last year.
It’s been a feast-or-famine kind of year for retail stocks, and Big Lots is on the hungry side of that spectrum. The company recently reported a quarterly operating loss.
Revenues came in at $1.17 billion, beating Zacks’ consensus estimate of 0.62%. It is also higher than the $1.15 billion reported in the third quarter of 2018. The shares of Big Lots, Inc. has soared despite the EPS loss.
KLX Energy Services Holdings Inc. is a Wellington-based energy company. Last week, this stock jumped 30% to close out the week. Share prices continued trading higher during Monday’s pre-market session.
Decreased demand is killing the oilfield services industry. KLX recorded an 18.4% decrease in revenue from the second quarter of 2019. The company posted an income of $134.5 million, which is below the estimated $161 million. The EPS was $0.22, below the $0.28 predicted by Wall Street analysts.
Despite the weak earnings report, this company could be a great value pick. The company has plenty of operating capital to cover its debts, and it’s currently trading with a 0.31 price-to-book ratio and a 0.18 price-to-sales. It could be a great stock for long-term value investors.
Wellesley Bancorp Inc. is another breakout stock worth watching this week. Shares of the Massachusetts-based bank jumped 30% last week, and that momentum could continue into this week.
Traders flocked into Wellesley Bank after the company announced a merger with Cambridge Bancorp, and share prices jumped by over 30%.
Wellesley Bancorp Inc.’s is up big since it announced a merger with Cambridge Bancorp. The two banks will combine their commercial banking, wealth management, and private banking presence in Greater Boston. Under the terms of the all-stock deal, Wellesley shareholders will receive 0.580 shares of Cambridge common stock once the deal closes.
These breakout stocks led the market last week, but they could go even higher this week. Subscribe to the Dork to follow the latest breakout stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Plus, never miss an update again with mobile Dork Alerts; sign up now to get hot stock picks, insights, and analysis delivered directly to your phone.
The stock market is usually bustling with activity. However, some stocks are more active than others. Trending stocks usually have lots of trading volume. Above-average volume often signals that a stock is making a drastic move.
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This week’s big story is the US-China trade talks. The mood around trade soured a bit this week, and it led to a chaotic week for investors. A few weeks ago it was a foregone conclusion that tariffs schedule for December 15th would be postponed, but that might not be the case.
The trade spat with Europe is also heating up. In retribution for France’s digital tax, which disproportionately targets American tech firms, President Trump promised tariffs on French wine, cheese, and luxury products. The E.U. promised to retaliate.
Despite the problems, the market keeps heading higher. The Chinese commerce ministry reassured the market by saying trade negotiations remain on track, but they also reaffirmed their commitment to tariff roll-backs being incorporated in the phase-one deal. Trump has been firm that tariffs would remain in place until a full deal is signed.
If the two sides can’t come to an agreement and December 15th take effect, it could incite a sell-off. However, Trump has an out. He can always say that negotiations are progressing so he’s decided to postpone tariffs.
Either way, we’re sure to hear a lot more about trade in the near future.
Traders poured into Chesapeake Energy Corporation after the troubled utility stock announced it had secured a loan to help finance an unsecured note offering. The stock price is down by 2.6% at Friday’s pre-market trading session. This comes despite some debt-relieve moves made by the company recently. However, the trading volume is over 122 million over the past 24 hours.
The Oklahoma City-based fracking firm announced Wednesday that it’s working to secure a 4 1/2-year term loan of $1.5 billion. Chesapeake plans to use the funds to finance a tender offer for unsecured notes.
53 million shares of Nio Inc. changed hands during yesterday’s session, making the Chinese EV manufacturer one of this week’s trending stocks. The stock price was down 6% over at yesterday’s close, but Nio could rebound over the next few days.
Nio is one of the leading producers of electric vehicles in China. The company recently debuted a new SUV model.
The Chinese electric car startup will introduce its third sport utility vehicle. The SUV is expected to be a streamlined model that would help boost demand for electric vehicles in China. Nio Inc. continues to struggle as the demand for electric cars in China keeps declining. This latest development could see Nio Inc.’s shares gain more attention from investors.
Naked Brand Group also exhibited some unusual trading activity this week. Investors traded over 51 million shares yesterday, and share prices were up 3.5% at Friday’s pre-market session.
There is no apparent catalyst behind the movement of the apparel and swimwear company’s shares. However, the very low price of Naked Brand Group’s stock could be a significant reason why it getting a lot of traction.
General Electric is the most popular name on this list. The company’s stock has been seeing a lot of activity recently, with 46 million shares traded yesterday. However, the stock price has been underperforming lately and is down by 1% in the last few hours.
GE showed signs of elevated trading volume this week, it could indicate that a move is imminent.
Late last month, General Electric appointed Carolina Dybeck Happe, as its new Chief Financial Officer. This is the second-biggest appointment of the year for this industrial stock, as it attempts to recover from a multi-year slump.
Dybeck will work with CEO Larry Culp starting early next year. It marks the first time GE has appointed two outsiders to its top executive positions in its century-long history.
The shares of the Financial Select Sector SPDR Fund is trending and could represent a good buy before the weekend. Trading volume touched 44 million over the past few hours, and share prices also went higher over that period.
There is no clear catalyst responsible for the Financial Select Sector SPDR Fund’s movement. However, it could see more activity over the coming days.
The market is amped up and these trending stocks are getting extra attention, so they could rally into next week. Subscribe to the Dork to follow all things trending stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
Income investors favor utility stocks for their stability and steady dividends. These companies usually pay steady dividends with decent yields. Falling bond yields are pushing many investors towards utility stocks as they search for higher yields.
Some utilities pay dividend yields above the S&P 500 average. These stocks are ideal for income investors. These utility stocks generate good dividend yields that are perfect for income investing.
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PPL Corp is an energy corporation based in Allentown, Pennsylvania. The company handles about 8,000 megawatts of regulated electric generating capacity and serves millions of customers in Pennsylvania, Kentucky, and Great Britain.
PPL is based in Allentown, PA and primarily services Pennsylvania customers, but it also serves customers in Kentucky and Great Britain.
The dividend yield for PPL as of December 5, is 4.83%. It’s significantly higher than the 1.92% of the broader S&P 500. PPL Corp’s return is also more than the 2.93% recorded by the Electric Power Industry.
PPL Corp has seen a remarkable investment in its shares over the past few days. Institutional investors such as BancorpSouth Bank, Bank of New York Mellon Corp, Covalis Capital LLP, First Trust Advisors LP, Nuveen Asset Management LLC lifted, and Vanguard Group Inc., all boosted their positions in the stock.
Southern Company is a gas and utility holding company based in Atlanta. It’s currently the second-largest utility provider in the United States in terms of the customer base.
As of December 5, 2019, the dividend yield for Southern Company is 3.95%. This yield is higher than both the electric power industry average of 2.93% and the S&P 500’s 1.95%.
Shares are up by 40% since the start of the year, and hedge funds are bullish on the stock. In recent months, the number of bullish hedge fund positions in the Southern Company increased to nine.
This Fortune 500 energy company is based in New Orleans, but it services customers in several states. The company focuses on electric power production and retail distribution operations in the United States.
Entergy Corp’s dividend pays more than the broader market. Entergy’s dividend yield is currently 3.1%, higher than both the S&P 500 and the electric power industry’s yields.
Entergy Arkansas, a subsidiary of Entergy Corp and NextEra Energy Resources, started the construction of the Chicot Solar Energy Center. The center would be the largest universal, utility-scale solar energy project in Arkansas.
Edison International is a California-based public utility holding. It has several subsidiaries, including Southern California Edison, Edison Mission Energy, and others. Shares currently yield about 3.4%. That’s higher than the dividend yield of the S&P 500 and the Electric Power Industry.
Edison International produces and delivers electrical power to customers across California and other parts of the U.S.
The shares of Edison International has performed well so far this year. It is currently up by 26% year-to-date but could move further as we close out 2019.
American Electric Power Co., Inc. is one of the largest investor-owned electric utility in the country. It currently supplies electricity to millions of customers in 11 states across the US.
Similar to the others, American Electric Power Co., Inc. has recorded impressive dividend yields so far this year. As of December 5, 2019, the dividend yield for the company stands at 3.02%. The figure is above the returns recorded by both the S&P 500 and the Electric Power Industry.
The shares of American Electric Power is up by 27% year-to-date and hedge funds remain bullish on the price. Hedge funds such as Pacitti Group Inc., Bogart Wealth LLC, Welch & Forbes LLC, E&G Advisors LP, and Oregon Public Employees Retirement Fund recently added to their positions in the company.
Utility stocks are great for income investors because of their stable dividends. Subscribe to the Dork to follow all things utility stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Don’t miss another update, sign up for mobile Dork Alerts to get hot stock picks, insights, and analysis delivered directly to your phone.
5G has been a crucial subject of discussion over the past few years, especially in the US and China. The technology would power a lot of things, and telecom companies are in the early stages of building their 5G wireless networks. However, with companies making massive strides, it is tough to determine which 5G stocks to trade.
5G wireless technology promises to offer users faster internet speed and lower latency. Tech giants such as Apple, Verizon, AT&T, Qualcomm, and more are already working on bringing the technology to as many people as possible. Their efforts haven’t gone unnoticed by investors who keep a close eye on the stocks.
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With several companies making strides in the 5G arena, here are the top 5G stocks you can buy today.
Qualcomm is one of the leading semiconductor and telecommunications company in the US. The company is a big player in the 5G sector and is looking to make massive strides by next year. Qualcomm’s stock price is up by 43% year-to-date and could move higher over the coming weeks.
Qualcomm chips are important components in smartphones. The company also licenses its patents to other companies.
On Wednesday, Qualcomm revealed that all high-end Android phones using its chips would support 5G by 2020. The company says its Snapdragon 865 chip will only be shipped in new 5G devices by next year. The chips would be bundled with the 5G modem, the X55, which Qualcomm also sells.
Similarly, the snapdragon 765 chip will come with a 5G modem inserted into it. Qualcomm predicts that 200 million phones with 5G will ship to retailers by next year. This news led to Qualcomm’s share price to spike yesterday. However, it could be set for further movement over the coming weeks as investors anticipate Qualcomm’s latest move.
The battle for 5G dominance between the major US telecom companies continues to hit up. T-Mobile recently made activated its 5G network as it looks to cover up to 200 million Americans in thousands of cities across the country.
The company’s 5G network is the most expansive and inclusive, ahead of that of both Verizon and AT&T. T-Mobile, which activated the network on Monday, said it would cover 60% of the country’s population across over 5,000 towns.
At the moment, T-Mobile only offers two 5G-capable smartphones. However, this number could grow as we head into 2020. T-Mobile boasts that its 5G network covers more rural areas than those of its competitors.
The shares of the Washington-based company is up by less than 1% since the news broke. However, it could go higher over the coming days and weeks.
Verizon is another telecom company making strides in the 5G space. The company’s stock has performed moderately year-to-date. However, it could be a valuable 5G stock to trade mobbing forward.
On Wednesday, Verizon partnered with Amazon to offer 5G edge cloud computing via the Amazon Web Service Wavelength. The move would see Amazon place data centers running AWS’ software close to Verizon’s 5G points of presence. Thus, enabling applications with 5G within an area to send data to the remote edge data centers for swift processing.
The partnership will see Verizon’s 5G network cover more devices. For AWS users, it would lead to low latency and makes it easier for them to access the cloud.
The world’s first trillion-dollar company is also making strides in the 5G arena. Apple is another 5G stock you could. Its share price is up by 66% since the start of 2019 but could surge higher over the coming weeks and months.
A forecast report from JPMorgan earlier this week reveals that Apple could launch four 5G-capable iPhones in 2020. According to the analysts, the phone would likely roll out in the second half of next year.
Apple CEO Tim Cook speaks during a presentation at Apple headquarters in Cupertino, California October 16, 2014. (REUTERS/Robert Galbraith)
Although nothing is certain yet, Apple’s participation in the 5G space could see its stock price surge further following an astonishing year.
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Cloud stocks have underperformed the rest of the market during this rally, but why? The outlook for these businesses remain strong, and revenues are growing at a brisk pace. The market might not be giving these cloud stocks enough credit.
Capital expenditures have been down, thanks largely to trade war uncertainties. The lack of spending has been a headwind for cloud stocks in recent months and shareholder returns suffered as a result. However, the long-term outlook for these companies remains relatively unchanged. This pullback could be a buying opportunity for patient, long-term investors
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Here are four cloud stocks that could be ready to rebound soon.
The shares of the San Francisco-based Salesforce could be ready to rebound following an excellent quarterly earnings report. Salesforce lagged the overall market over the past six months, down roughly 2% during that time. However, it could be ready to recover.
Earlier this week, Salesforce released its third-quarter earnings report. The company beat Wall Street’s earnings expectations with $4.5 billion in revenues, representing YoY growth of 33%. Estimates predicted only $4.45 billion. EPS of $0.75 also topped analyst estimates of $0.66.
The favorable earnings report could be a bullish signal for share prices.
Cisco’s networking hardware is commonly used by cloud hosts and data centers. However, the company’s stock has suffered in recent months. Share prices fell 25% over the past six months. However, the market is climbing higher and Cisco could be an excellent swing trade candidate.
Cisco and Amazon Web Service have strengthened their partnership in areas such as SD-WAN, data centers, and cloud. Cisco’s Application Centric Infrastructure (ACI) technology would now be available on AWS centers.
Cisco Systems is a popular provider of networking equipment and other cloud infrastructure.
Similarly, Cisco’s Viptela-based SD-WAN has been added to AWS Transit Gateway. These recent developments could play a role in helping Cisco’s share price recover from its slump.
Okta specializes in cloud-based cybersecurity, but it also had a rough few weeks. Shares are down by 5% over the past week, but the outlook remains strong for this company.
Okta publishes its Q3 earnings results today. Consensus estimates call for revenues of about $143-$144 million, with YoY growth of 35-36% growth year-on-year. Ultimately, Okta is expected to post a net loss of 12 cents per share.
Okta earnings beat consensus forecasts for four consecutive quarters. If they can make it five, share prices could pick up some steam.
Shares of Workday plummeted over the past few days, but they could rebound after Monday’s bullish earnings report. Despite the recent slump, the California-based cloud firm had a solid year so far.
On Monday, Workday’s earnings results topped Wall Street’s expectations and raised its full-year forecast. Subscription services revenue, an important component of Workday’s sales, grew by 28% during the last quarter. Revenues came in $798.5 million and topped the $785 analyst forecast.
Workday is one of the most notable up and coming cloud stocks. After Monday’s earnings beat, it could be ready to make a run.
Workday expects to generate between $828 million and $830 million in subscription revenues in the current quarter, so it raised its full-year revenue forecast from $3.07 billion to $3.087 billion.
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President Trump teased that a China deal might not be in place until after the 2020 election. However, some penny stocks performed positively. These cheap stocks managed to notch significant gains, despite widespread selling across most of the market.
For more penny stocks, check out our monthly power rankings. See our top picks for the best stocks under 1 dollar here, and you can find the top stocks under 5 dollars here. For more established stocks, check out the best stocks under 10 dollars.
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This week’s pull-back didn’t slow down these hot stocks. Here are the top momentum movers from this week.
Outlook Therapeutics Inc. is the fastest moving penny stock at the moment, having recorded substantial profit over the past few hours. The shares of the New Jersey-based company is up by 54% over the past 24 hours and could be headed higher in the coming days.
Share prices surged after the company received FDA agreements three special protocol assessments. The agreements cover planned clinical trials of ONS-5010. Regulators will evaluate the drug’s effectiveness against age-related macular degeneration (wet AMD – NORSE 1 and 2).
Shares of Calyxt has been soaring over the past few days. It is currently up by 38% over the past 24 hours and might surge higher. Calyxt is a biotech company based in Minnesota and has made some managerial changes recently.
Shares of Calyxt rallied after the company appointed a new, high-level executive.
Calyxt is looking to expand its services and has appointed Vince Restucci as Vice President of Agronomy to help accelerate the move. Restucci would use his purchasing, marketing, and technical expertise to help expand Calyxt’s grower network.
ViewRay has been one of the best performing penny stocks over the past few days. The shares of the company are up by 32% in 24 hours despite the general market recording massive losses. However, the share price could move higher over the coming days and weeks.
ViewRay’s MRI machines are becoming increasingly popular among healthcare providers, and share prices gained significantly as a result.
The surge in the stock price comes as ViewRay announced a partnership with Elekta and Medtronic. Its collaboration with Elekta is to further the knowledge and use of MR-guided radiation therapy. Elekta will invest capital for up to a 9.9% minority interest in ViewRay.
ViewRay and Medtronic will work together in clinical areas of mutual interest, including the benefits of the MRIdian MR-guided radiation therapy system. Medtronic would also invest in ViewRay based on the terms of the agreement.
The shares of Israeli-based software company has been moving fast over the past week. It has continued its upward trend and is up by 32% over the past 24 hours. Ability Inc.’s stock price could move higher following some recent developments.
The company recently entered into new agreements to sell its strategic interception solutions. According to the contract agreements, the firm receives fees of up to $9 million. Ability will collect the money after successfully implementing the system and deploying its solutions.
The ongoing interest in the solutions provided by Ability Inc. could help push the stock price higher over the coming weeks and months.
The stock market is calming down some, but these penny stocks are still moving fast. For more hot penny stocks, sign up for Dork Alerts and receive regular reports on the best penny stocks to trade. You can also follow Stock Dork on Twitter and Facebook to track of all the current stock market news. Furthermore, remember to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your phone.
Small-cap stocks have market caps below $2 billion. However, stock prices fluctuate, so market caps change too.
The market opened the week to losses, and the major indices fell in the extended-hours session on Tuesday as well. However, the small-cap stocks dip could be a buying opportunity for smart investors.
Don’t confuse small-cap stocks with cheap stocks. There’s no direct relationship between share prices and scale. GE is a massive company and its shares trade for under $10, same thing with Ford.
If you’re looking for affordable stock picks, be sure to check out our best penny stocks list. You can find the complete lineup for December here.
Although small-cap stocks have grown at a slower annual rate than large-cap stocks over the past three years, they are promising assets. Here are five small-cap stocks with enormous payoff potential.
Signet Jewelers is one of the largest retailers of diamond jewelry in the world. The company has a market cap of over $800 million, with a dividend of 8.66%. Signet’s stock has underperformed so far this year, down by 94% since January.
Signet Jewelers – the parent company of Zales Jewelers and other retail diamond sellers – is hoping for a strong holiday season this year.
The company could improve its online presence as e-commerce sales rose by 4.4% in the quarter that ended August 31. Meanwhile, store sales dropped by 1.5% during that period. It will report its next quarterly earnings on December 5.
According to Zacks Investment Research, the analyst’s consensus EPS for the quarter would be $-1.11. This performance is worst than in the same quarter last year.
Cannae Holdings Inc. is one of the leading small-cap companies. The company has subsidiaries in several industries, such as restaurants, health care, and financial services sectors. Cannae’s stock is up by 117% so far this year and has the potential to move even higher in the coming weeks.
On November 13, Cannae reported its third-quarter 2019 earnings. The total book value portfolio for the company stood at $1.2 billion or $16.81 per share. Similarly, the company launched a three-year repurchase plan where it aims to buy back all the 5 million common shares of the company.
The recent appointment of Richard N. Massey as Chief Executive Officer is expected to shake things up at the company. Mr. Massey will bring over three decades of top managerial experience to Cannae.
The infrastructural development company, Arcosa Inc., is another small-cap stock that could gain significantly overtime. So far this year, Arcosa’s stock has delivered a gain of 39% to investors. However, it has the potential to surge further over the next few months.
Arcosa shares could rally if congressional lawmakers can agree to an infrastructure spending package, and both sides of the aisle have expressed interest in such a bill.
According to Zacks Investment Research, I. Ziffano, an analyst at Oppenheimer, believes Arcosa’s Q3 EPS could be $0.67. This is an upgrade from the previous $0.45 EPS predicted by the analyst. Analysts rate the stock as a ‘BUY,’ with a short-term price target of $47 per share.
Some small-cap stocks could one day be big winners. Subscribe to the Dork and keep track of the small caps that could yield massive payoff. You can also follow Stock Dork on Twitter and Facebook to track of all the current stock market news, and don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
The holiday season is upon us, and eCommerce stocks are building steam. This time of year is the prime selling season for most eCommerce sellers.
Retail is still king, but an increasingly larger portion of holiday sales are coming from eCommerce. However, the two sectors are not mutually exclusive. Most, if not all, retailers have eCommerce sales channels, and some eCommerce sellers are expanding to brick-and-mortar locations. While there is a significant intersect between these two sides of the industry, there’s clear evidence that digital sales are becoming more important in today’s marketplace.
The eCommerce industry is extremely crowded and, resultantly, very competitive. There are hundreds of companies getting it right, but these are a few of the top players.
Shopify is one of the best-performing eCommerce stocks in 2019. Share prices gained 145% since the start of the year and the future looks promising for this up-and-coming company.
Shopify is one of the leading providers of eCommerce services for sellers, and it’s one of the top-performing stocks in this sector.
Third-quarter 2019 earnings came in at 13 cents per share, higher than the consensus estimates of 11 cents. It was more than triple the 4-cent EPS the company reported for Q3 2018. The report rallied Shopify’s shares, and it has strong momentum to close out the year.
Amazon’s stock is up by 20% since the start of the year, despite facing stiff competition from the likes of Walmart and other retail giants. Most investors would be happy with a 20% return, but that’s less than the S&P 500 earned this year. However, Amazon is a market leader. and the firm has a significant presence in cloud computing, digital streaming, and artificial intelligence.
This stock could bump into a potential catalyst in a few months. The US government is considering making Amazon a key provider of office supplies. The deal could land Amazon a large chunk of the $50 billion the US government spends on supplies every year. That’s enough to move the needle for shareholders, even for a behemoth like Amazon.
Amazon Founder and CEO Jeff Bezos is one of the world’s richest people.
Wall Street’s smartest traders love this stock. Yahoo Finance found that Amazon ranks third among the most popular hedge fund holdings.
Despite the stiff competition in the eCommerce space, Amazon remains one of the most valuable stocks in the sector. The company still has room for growth and could lead the market for years to come. However, the company has faced some antitrust scrutiny of late and any negative headlines could be an issue for share prices.
Walmart is another multinational American retailer that has a significant online presence. The company’s stock price is up by 28% year-to-date. However, it could surge further as the holiday season commences.
Walmart’s dive into eCommerce is providing stiff competition to sellers like Amazon and eBay, and the company is working overtime to attract more customers. Walmart has been making massive e-commerce sales from its grocery business. Its online sales surged by 41% during the previous quarter, and digital sales growth could fuel more gains in share prices.
Analysts expect Walmart’s eCommerce market to grow beyond groceries and branch out into other categories. The diversification of its eCommerce outlet could see Walmart provide fierce competition to Amazon in this sector.
Ecommerce stocks comprise some of the best growth holdings. Subscribe to the Dork and keep track of the top eCommerce stocks. You can also follow Stock Dork on Twitter and Facebook to track of all the current stock market news. Remember to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your phone.
Tech stocks have been the primary drivers behind this year’s stock market rally. Stocks such as Apple, Microsoft, Advanced Micro Devices, and others have experienced massive gains in 2019, which has allowed the broader market to perform well.
Despite the ongoing trade talks between the US and China, some tech stocks could go higher over the coming days and weeks.
The Dow Jones was up by 77 points prior to Monday’s open. It could open higher by 102 points when the trading begins. The S&P 500 and NASDAQ are also traded higher ahead of December’s first trading session.
HP recently rejected a takeover offer from Xerox, claiming that Xerox’s offer significantly undervalued the company. The impasse sets the stage for a hostile takeover. Xerox plans to take the offer directly to shareholders so it can complete the deal without getting approval from HP’s board.
Xerox wants to buy Hewlett Packard, but HP’s board says their offer is too low. It now seems likely that Xerox will pursue a hostile takeover.
On the business side, HP is doing well. The firm recently released better-than-expected FY2019 fourth-quarter earnings. HP generated $15.4 billion in revenues during the last quarter, narrowly topping consensus estimates of $15.3 billion. EPS came in at $0.60, also higher than consensus estimates of $0.58.
Moving forward, short-term price movements will largely depend on the Xerox takeover attempt. Keep a close eye on the story to get a feel for the market’s sentiment towards the deal.
Shares of Micron Technology’s gained over46% since the start of the year. It could be set to surge higher over the coming weeks as the general stock market resumes its upward movement.
By 2020, Micron is expected to dominate the DRAM technology market. It is expected to account for 28% of bit shipments at the 1z nm node, which would be twice what Samsung Electronics currently controls.
The DRAM market is notoriously very cyclical, so share prices could fluctuate significantly if the crowded market starts to encounter over-supply issues. However, with IoT and 5G mass adoption coming around the corner, the long-term outlook for chip stocks looks bright. These technologies should create a robust demand for chips for the foreseeable future.
This California-based semiconductor company is up 43% year-to-date. Share prices could ride a tailwind of positive market sentiment to continued gains over the next month.
Seagate is a major provider of data center services in the U.S.
The company doesn’t have any upcoming events to help push its stock price higher. However, some hedge funds believe it is a buy at its current price, and they could be set to increase their portfolio in the company.
Tech stocks have been the primary drivers of the market rally and here are some that could go higher soon. Subscribe to the Dork and keep track of the best tech stocks. You can also follow Stock Dork on Twitter and Facebook to track of all the current stock market news. Furthermore, remember to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your phone.
Penny stocks continue to deliver excellent returns to investors despite the market ending November on a low. The breakout penny stocks continue to rally despite the market condition, as investors wait for a concrete deal between the US and China.
The US index futures all dropped points on the last trading day of November. This was due to investors hoping to see a real deal between the two leading global economies. However, some penny stocks have been rallying despite the market conditions.
Here are the best breakout penny stocks you can trade this week.
ASLAN Pharmaceuticals is a biotech company based in Singapore. Shares are up by 64% since the last trading session, making it one of the best-performing penny stock. Shares were up roughly 5% during Monday’s pre-market trading session and they could surge even higher as the week progresses.
ASLAN’s stock has been rising since the Haematologica Journal reported that the ASLAN003 drug is a potential cure for acute myeloid leukemia. According to ASLAN, the drug has the potential to be a potent treatment for the disease.
Israeli-based biopharmaceutical company, Can Fite was up 38% at last week’s close. This breakout penny stock could be worth keeping a close eye on this week.
Share prices have climbed steadily since the Q3 earnings report was released. Last quarter’s revenues were pretty thin at $1.84 million, significantly lower than last year’s $3.53 million revenues at this time. However, Can Fite made significant strides in research and clinical trials of some drugs.
Sequans Communications is another penny stock that could break out this week. The French communication company gained 33% last session. Despite dropping by 14% in pre-market trading on Monday, it could climb higher in the coming hours.
Sequans performed strongly over the past few sessions and its momentum could carry into this week.
Canaccord Genuity rated this semi stock as a “buy“. They believe share prices could reach $6, more than double their current price.
Shares of Sorl Auto Parts, Inc. soared last week, closing Friday’s shortened session with 30% gains. The Chinese auto parts manufacturer rallied after it announced a merger with Ruili International Inc.
Sorl shareholders will receive $4.27 per share when the company completes its planned merger in 2020.
The definitive agreement calls for Sorl shareholders to receive $4.72 per share after the two companies merge, a roughly 26% premium over current share prices. Shareholders from both companies already voted to approve the deal, and Sorl expects to close on the deal in 2020.
Breakout penny stocks could have enough momentum to keep climbing higher. Subscribe to the Dork now to track all of the best breakout penny stocks. For even more stock market news, follow The Stock Dork on Twitter, Facebook, and StockTwits. Plus, sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your phone.
Investors have mostly had their eyes on gold as it remains the most popular precious metal. However, silver has a wide range of industrial uses, which has seen silver stocks continue to perform well in the market.
While the gold price has surged by 16% since the start of 2019, Silver has grown by just 8% during that period. However, some silver mining companies have performed excellently in recent quarters due to demand in several industries such as dentistry, medical instruments, electrical contacts, solar panels, and water filtration.
Investors seeking relief from the volatile equity markets sometimes look to silver stocks due to the low-cost investment involved. Here are a few silver stocks you can buy for a rainy day.
Canadian-based First Majestic Silver Corp is one of the world’s largest silver miners. First Majestic Silver’s is up by 67% already this year. At its current price, First Majestic Silver’s stock could be an excellent silver stock to buy.
First Majestic Silver Corp. is one of the leading silver companies in the world.
In the third quarter of 2019, revenues for the First Majestic Silver Corp went up by 10%. The company recorded an income of $97 million, mainly due to the increasing silver prices during the quarter. The adjusted earnings were $0.06 during the previous quarter.
Pan American Silver is another Canadian multinational silver mining company. With most of its operations in Latin America, this company is one of the biggest silver producers in the world. This stock might have substantial upward potential.
According to their third-quarter earnings report, Pan American Silver demonstrated strong metrics in virtually all areas. The company raked in $352.2 million during the three months period. The adjusted earnings were $74.2 million or $0.35 per share. The EPS was better than expected as Wall Street analysts had expected the company’s EPS to be $0.23.
Wheaton Precious Metals Corp. doesn’t actually mine silver. However, it remains the largest manufacturer and dealer in the world. Instead of getting its hands dirty with the actual mining, Wheaton invests in silver mines and trades its silver reserves for enhanced profits. Shares are up by 42% so far this year, and it could see a further uptrend.
Wheaton Precious Metals is the largest silver dealer on the planet, but the firm doesn’t actually mine its own silver.
On November 14, Wheaton Precious Metals Corp reported strong quarterly earnings. The revenue for Q3 was $224 million following the sales of Gold, Silver, and Palladium. The revenue was up by 20% from the same quarter of 2018.
Fortuna Silver Mines is another Canadian silver mining company that primarily operates in Latin America. The company’s stock has underperformed this year, but it could be an excellent silver stock to buy ahead of a rainy day.
The company also mines Gold, however over 50% of its sales came from Silver. While its metrics might not be as strong as the others, Fortuna Silver Mines could be an excellent silver stock to buy now.
Silver stocks are not as glamorous as gold stocks. However, they offer a reliable hedge to volatile equity markets. Subscribe to the Dork and stay informed on all of the best silver stocks. You can also follow Stock Dork on Twitter and Facebook to track of all the latest stock market news. Furthermore, remember to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your phone.
Consumer discretionary stocks represent companies that make and sell non-essential items, including both goods and services. These companies sell things items like 4k TVs, automobiles, and video games; basically anything that’s not part of the average household’s monthly bills. On the services front, consumer discretionary includes restaurants, casinos, and more.
This sector does not include things like grocery stores and utilities. Most households need to pay for these types of items regardless of their economic circumstances, so they’re considered essential goods and services. These types of companies fall into the consumer staples sector.
Consumer discretionary stocks usually fare better during an economic boom, so the current environment is very bullish for this sector. The U.S. consumer is extremely strong, so consumer discretionary stocks could be the big winner this holiday season.
Consumer discretionary stocks are running hot, but these companies stand out as some of the top picks.
Target Corp sells a variety of products via its Target and SuperTarget stores. The company’s stock has been phenomenal this year, rising by nearly 100% since the start of the year. This is a bit of a hybrid stock because Target sells groceries, which are consumer staples, but the company still generates a huge portion of its revenues from discretionary spending on things like electronics.
Last week, the company raised its full-year outlook amid strong sales and profitability. The third-quarter comparable sales for Target Corp was up by 4.5%, which is 1% higher than what analysts had expected. Their annual profit would be between $6.25 and $6.45 a share, the company announced.
Target is one of the best stocks in the retail sector this year, Share prices have nearly doubled since the start of 2019.
Target’s focus on e-commerce, such as same-day delivery, is paying off big. It also recently completed large-scale renovations across hundreds of stores, and the new stores are attracting more customer traffic. Target is shaping up to be a fierce competitor for Amazon, Walmart, and other big-name retailers.
This fast-casual restaurant operates in the US and abroad, including locations in Canada, the UK, France, and Germany. Food safety concerns hurt Chipotle’s stock in the past, but it’s been one of the best restaurant stocks for the past few years.
Chipotle is one of the leading consumer discretionary stocks this year. It is already up by 84% year-to-date, with more upward potential. However, Chipotle isn’t slowing down. The company recently announced that customers could order Chipotle on Alexa, either for delivery or pickup. It also began offering carne asada in its restaurants this year, and the new product received a warm reception from customers.
Similarly, analysts have been bullish of Chipotle’s stock ahead of 2020. Analysts at Cowen, headed by Andrew Charles, recently upgraded the stock to ‘OUTPERFORM’ as they see it getting better by next year. Chipotle’s recent track record of strong execution could see the company’s stock perform excellently through 2020. Analysts believe that digital strategy would be vital to the company’s growth over the coming years.
American coffee company, Starbucks, is another discretionary stock that could perform well in the coming months. Starbucks ‘ stock is up by over 37% since the start of 2019 but could go further in the future.
Starbucks’ expansion into China is paying off big for the company. It’s capturing a huge portion of the Chinese coffee market.
In its previous quarterly earnings report, Starbucks posted a sales increase in China and the US. The company is investing heavily in new beverages and digital ordering, and these investments could begin to pay dividends next year.
Consumer discretionary stocks tend to perform best during a bull market. Subscribe to the Dork to stay updated on the latest news for consumer discretionary stocks and much more. Plus, follow The Stock Dork on Twitter and Facebook for all of the latest stock market news. Make sure you never miss another opportunity, sign up for mobile Dork Alerts to get Dork Alerts delivered to your phone.
The stock market has resumed its upward trend following a pause last week. Stocks performed excellently, with hot penny stocks playing a pivotal role in the surge of the market.
Investors are starting to have more appetite for risk, so penny stocks could close the year strong. For more cheap stocks, check out our other top stock rankings: Best Stocks Under $5 (here) and Best Stocks Under $1 (here).
Penny stocks could move higher over the coming weeks. These are the top cheap stocks to buy before the holiday.
The California-based biotech company, Sorrento Therapeutics Inc. is a penny stock with massive upward potential. The stock price is up by 94% during Monday’s trading session and is already up by 5% at Tuesday’s pre-market session.
Sorrento is making a sudden move in the extended hours trading session, it could be a sign that the stock will rally at the open.
The massive rise comes after the company rejected acquisition offers from two companies. The companies offered to purchase all outstanding shares of Sorrento between $3 to $5 per share. JMP analyst Donald Ellis now believe Sorrento’s stock has an upward potential of roughly 700%.
This industrial conglomerate is up 84% over the past few days, and it could be head higher as the market continues its rebound.
On Monday, the company acquired an exclusive license for promising artery disease treatment. JanOne rallied after announcing the agreement for the TV1001SR treatment for peripheral artery disease. The company believes the TV1001SR will be a novel treatment for patients suffering from PAD. Share prices could move higher over the coming weeks due to this positive news.
Marathon Patent Group Inc. is a patent-holding company, and it has significant upside potential. Shares are trending higher over the past few days, and the rally could continue through the end of the year.
Marathon reported disappointing third-quarter earnings. It has underperformed so far this year, but its recent performance could be a sign that it’s ready to rebound.
Marathon holds several companies and patents, including Uniloc, who sued Microsoft and Google’s Android app market. Marathon’s other operations include cryptocurrency mining and other high-tech ventures.
Neoleukin Therapeutics Inc.’s stock is already up by 100% since the start of the year, but it could climb even higher in the coming weeks. It was up 5.6% in extended-hours trading on Tuesday.
On November 13, the company released its Q3 earnings report. Neoleukin’s quarterly earnings were lower than in the same quarter last year. However, its stock has been rallying despite the unfortunate earnings result.
This construction engineering firm had an underwhelming year, so far. However, the recent rebound in share prices could be the start of a recovery. It could be an excellent swing trade candidate.
Peck Holdings reclassified certain items to simplify its financial statements. The earnings figures stayed the same, however, reorganizing the data made it easier for investors to understand the company’s finances.
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Dividend stocks can deliver excellent results for investors. After all, it’s always nice to get a little something back. Dividend stocks can create income and provide a hedge against losses.
Click here to learn more about dividends, including what they are and how they work.
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Here are the best dividend stocks to buy before the new year.
Lockheed is an American aerospace and defense tech company based in Bethesda. The Lockheed’s dividend yield stands at 2.24%, which is way above the Defense industry yield of 0.85%. The 5-year return percentage for this stock is 105%, which is higher than the 50% S&P 500 average. This makes it one of the best dividend stocks you can buy now.
The company has seen an increase in investment during the last quarter of the year. Institutional investors such as Sepio Capital LLC, Krane Funds Advisors LLC, and Paragon Capital Management LLC all increased their stake in Lockheed. Others to do the same include MRA Associates USA LLC, Accurate Investment Solutions Inc., and Trustcore Financial Services LLC.
Sysco, a food and industrial supply wholesaler, is one of the best dividend stocks currently available. The dividend yield for Sysco’s is 2.2%, higher than the S&P’s 1.9% average. Over the past 5 years, Sysco’s total return topped the S&P500 by over 50%.
Earlier this month, Sysco acquired Hawaii-based Armstrong Produce and Kula Produce as it expands its food network. The new acquisitions would become part of Sysco’s specialty produce company, FreshPoint.
Analysts from Citigroup have raised the target price for Sysco from $76 to $84. This suggests the stock price could rise by roughly 3% over the coming weeks.
Automatic Data Processing, Inc., popularly called ADP is a provider of HR management software and services. The dividend yield for ADP’s stock stands at 1.8%, which is close to the 1.9% recorded by the S&P500.
Millions of people see ADP on the top of their paychecks every week. This company is one of the leading providers of payroll services in the world. It’s a tremendously stable business, so its a great long-term investment.
Analysts expect ADP’s stock to rise further, heading into the new year. This is understandable as the stock has gone up by 5% over the past month.
Best Buy’s stock dividend beats the general market. Best Buy’s dividend yield currently stands at 2.6%, higher than the 1.9% S&P 500 average. The American multinational consumer electronics retailer has had an excellent year, it’s up over 40% YTD.
BestBuy is one of the leading brick-and-mortar retailers on the market. It’s up 40% this year and it pays a dividend that yields more than the S&P 500 average.
Similar to the other retailers, Best Buy has rolled out some innovations to help boost sales as we enter the holiday season. Best Buy will release its quarterly earnings today, with revenues expected to grow by 1.5% to reach $9.3 billion. The EPS could increase by 11% year-on-year to $1.04.
Illinois Tool Works’ dividend yield has been impressive so far this year. The dividend yield for this stock currently stands at 2.4%. The engineering equipment manufacturer has also seen its stock surge by 38% since the start of 2019.
Illinois Tool Works dividend yield beats the S&P 500 average by roughly 0.5%
The US stock market has recovered and is setting new highs. Thus, allowing stocks to perform excellently in the last few trading sessions of the year.
These dividend stocks could close the year on a high note, so they might be a good buy ahead of 2020. Follow Stock Dork on Twitter and Facebook to track of all our latest dividend stock picks and stock market news. Furthermore, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
Serious traders are always on the lookout for the next big opportunity. After last week’s pullback, there could be some great opportunities to buy the dip.
However, it’s not always easy to discover the best stocks to invest in right now. When the entire market is in the green, it’s easy to pick winners. However, the real challenge lies in picking the stocks that can deliver above-market gains. These top stocks have the potential to close 2019 with a strong performance, and they could even beat the major indices.
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Stocks paused their march higher last week after US-China trade negotiations took a downturn. However, the market resumed its upward trend this week. The Dow climbed over 150 points on Monday, while The S&P 500 and the NASDAQ Composite also recorded gains.
The market is waiting for a phase-one trade deal and, if it gets done, it could be a boon for stocks. Talks are progressing amiably, but the Hong Kong protests are complicating the matter. Congress just passed a bill relating to the HK protests last week, but President Trump doesn’t want to torpedo the phase-one deal by applying too much pressure.
It’s a delicate diplomatic game, but it seems like something will get done eventually. As long as the tariffs scheduled for December 15th are canceled, the market is in good shape to continue rallying through the end of the year.
What are the best stocks to invest in right now? Stocks with high growth potential and stable revenues are some of the best candidates. These are a few of the top companies:
Advanced Micro Devices, Inc.’s stock is one of the recent best performers. The chipmaker’s stock is already up by 116% year-to-date, following a massive increase in demand for their products. It could surge higher as the tech sector remains the most significant player in the recent market rally.
Advanced Micro Devices, Inc.’s stock has been recording consecutive gains over the past few trading sessions. On Tuesday last week, the stock ended the day at a 13-year high after they launched a new graphics card. The introduction of the new graphics card gives investors hope that the stock rally would continue.
The new Ryzen Threadripper 3990X, slated for launch next year, has already started receiving positive reviews. A leaked presentation slide showcased the basic specs of the graphic card, which include 64 cores, 128 threads, 288MB of total cache, and a TDP of 280W.
The multinational tech giant, Microsoft, has been one of the standout performers of 2019 so far. With the tech sector leading the market rally, Microsoft has been at the heart of it. Despite going up by 55% so far this year, Microsoft’s stock still has room for improvement over the coming weeks.
Microsoft is one of the only Big Tech stocks that isn’t under direct threat from government anti-trust investigations. It could be one of the reasons that it’s one of the leading stocks on the market.
On November 21, the US government granted Microsoft the license to export mass-market software to Chinese tech giant Huawei. The recent approval could lift Microsoft to new highs in the coming weeks.
The retail company, Costco Wholesale, is another stock you can invest in right now. Costco’s stock price is up by 46% since January and looks set to surge higher, heading into 2020. The stock market rallying at this time of the year could see it perform better in the coming weeks.
Costco Wholesale is a solid investment. It’s a recession-resistant consumer staples stock with solid growth and an excellent shopper demographic.
In October, the company’s reported net sales were $11.92 billion, which is 6.8% higher than in the same period last year. The sales recorded in the nine weeks ended November 3 was $26.33 billion. This represents a 6.2% growth from the $24.80 billion recorded during the same period in 2018.
This is an excellent company. Its valuation is kind of stretched, and that’s a bit of a concern for a consumer staples stock. However, Costco is still recording solid growth, and its recent expansion into China is going smashingly well. This is a quality company from top to bottom, and it’s one of the best stocks to invest in right now.
The stock market has resumed its rally so it’s a great time to invest in the best stocks. Subscribe to the Dork and keep track of the best stocks to invest in right now. You can also follow Stock Dork on Twitter and Facebook to track of all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
Growth stocks have been leading the market for years. They tend to outperform the S&P 500 and other major indices. Over the past few decades, growth has consistently provided better returns than value stocks and, as a result, they are widely favored by investors.
Growth costs money, so growth stocks demand some of the highest PE premiums on the stock market. However, some growth plays are still cheap enough for the average retail investor to start to afford.
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Here are the best growth stocks you can buy for cheap right now.
Arrowhead is a Pasadena-based pharmaceutical company whose products act via RNA interference mechanisms. Arrowhead’s stock is one of the best performers of the year, as it is up by 276% since the start of the year.
The company’s stock price remains affordable despite massive gains recorded so far in 2019. Arrowhead recently announced a planned management transition. The changes in management could lead to changes in the company’s activities. This could lead to further growth for the pharmaceutical company over the coming weeks and months.
Massachusetts-based developer and supplier of automatic test equipment have had a phenomenal 2019 to date. The stock is up by 96% since the start of the year and could end 2019 even higher than its current price.
Teradyne’s leading products are its automatic testing equipment. Strong sales helped lift the share prices to big gains this year.
Teradyne would pay a cash dividend of $0.09 per share on December 20 to shareholders who hold the stock at the end of November 27’s trading session. Teradyne’s stock has outperformed the S&P500 so far this year and it could surge even higher before the year closes out.
Another cheap growth stock is Brookfield Infrastructure Partners. The Canadian company acquires and manages infrastructure assets for clients all over the globe. The stock is up by 44% since the start of the year.
The company could record further growth over the coming months after last quarter’s earnings result. The mergers and acquisitions by Brookfield have helped them accelerate growth in several areas.
In the third quarter of the year, the funds generated from operations were $338 million. This is higher than the $278 million recorded in the same quarter of last year. The most significant cash flow was generated from the data infrastructure segment. In this sector, Brookfield’s FFO roughly doubled from the same period in 2018.
Chinese e-commerce giant, JD.com remains one of the most affordable growth stocks. The company’s stock has performed excellently in 2019, recently recording gains in the third quarter. JD.com’s stock is currently up by 47% year-to-date.
China stocks have had a tough year, but the long-term outlook for JD.com remains strong.
On November 18, JD.com reported better-than-expected third-quarter earnings. Sales of CN¥135b were 5% higher than analyst estimates. However, EPS missed expectations by 23%. JD.com’s stock has room for growth and it’s already up by 2% at Monday’s pre-market trading session.
Yandex is another growth stock that remains affordable after surging by 42% since the start of the year. The Russian internet and tech giant operates a popular search engine. The company is expected to make changes its corporate governance.
The changes could lead to further growth for the company over the coming months. The stock price remains affordable at its current price and could be set to record further growth in the future.
Some growth stocks have experienced a surge in price since the start of the year. However, some of them remain very affordable. Stay tuned with the Dork and keep track of the best growth stocks to buy for cheap. You can also follow Stock Dork on Twitter and Facebook to track of all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
As Black Friday approaches, there’s a chance that the market will get a little giddy. Penny stocks could be on the move this week too. The Dork’s picks for the best penny stocks will help you get started. Keep an eye on these cheap stocks over the next few days.
Get more on penny stocks here, and don’t forget to check out our other articles on the best cheap stocks. Including the best stocks under $5 [https://www.thestockdork.com/best-stocks-under-5/] and the best stocks under $1 [https://www.thestockdork.com/stocks-under-1/].
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Last week, the stock market was in the red for most of the week. However, the pull-backs were limited and stocks could be in store for a big rebound this week. Index futures were in the green and climbing higher as of Monday Morning.
The shares of ASLAN PHARMACEU sky-rocketed by over 300% over the past few days. Share prices exploded after reports revealed that its ASLAN003 drug could potentially treat acute myeloid leukemia.
The Singapore-based company developed the drug as a potential human dihydroorotate dehydrogenase inhibitor. Aslan Pharmaceutical conducted a Phase 2a study of ASLAN003 in acute myeloid leukemia and the market liked the results. The drug is still in review but the outlook is promising.
Stage Stores Inc. is another penny stock you could trade this week. The stock has been up by 39% since the company reported its third-quarter earnings. With positive earnings recorded, Stage Stores Inc.’s stock could surge higher this week.
Shares of Stage Stores rallied after the company posted better-than-expected numbers on its quarterly earnings report.
Stage Stores Inc.’s comparable sales for Q3 was up by 17.4%. The net loss was $15.9 million, which is down from the $31.4 million recorded in the same quarter of 2018. The company’s adjusted EBITDA stood at $28.5 million, up from the $15.2 million recorded last year.
The positive earnings report has seen the stock perform excellently, and it could continue that way as the market attempts to recover.
Artelo’s stock has been performing well in recent weeks and could be set to do the same this week. The California-based pharmaceutical company has seen its stock price rise by 25% over the past few hours.
Artelo Biosciences specializes in developing cannabis-based therapies, and its shares are up 25% since last week’s close.
Last week, Artelo announced that it would be presenting at Annual Investival Showcase in London. Artelo is a biopharmaceutical company committed to the creation and commercialization of proprietary therapeutics. The firm’s drugs primarily relate to the endocannabinoid system.
OpGen is a company that is currently developing better alternatives to treat infection and eliminate antibiotic resistance. Its stock is up by 22% over the past 24 hours and could be one of the leading penny stocks for the week.
The stock dipped earlier this month after the company missed revenue estimations in the third quarter. OpGen recorded a quarterly loss of $3.34 per share, which is higher than the loss of $2.60 per share estimated by analysts.
The earnings also dropped by 28.5% from the same quarter of last year. Despite its poor performance, OpGen’s stock has started to recover and could surge higher in the coming week.
Stay tuned to the Dork to keep track of breakout penny stocks. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
Corporate earnings are driving the market right now, so keeping track of the earnings calendar is a must for any serious trader. Many S&P 500 companies already reported third-quarter earnings, but there are still many more Q3 2019 earnings reports that have the potential to move markets coming down the pipeline.
Earnings set the tone for the market, so it’s important to follow the earnings calendar closely. The market is mostly bullish right now, but a bad earnings report from a top player can have a huge impact on the market.
Here are next week’s hottest earnings reports. Bookmark this earnings calendar because we update it regularly.
| Company | Ticker | Date / Time | Projected Revenue Growth | Consensus EPS | Consensus Revenue |
|---|---|---|---|---|---|
| ReneSola Ltd. | SOL | Mon, Nov. 25 / 7:10am | - | $0.05 | - |
| Ituran Location and Control Ltd. | ITRN | Mon, Nov. 25 / 6:30am | 31.3% | $0.44 | $70.09 M |
| Brainsway Ltd. | BWAY | Mon, Nov. 25 / 6:30am | - | ($0.13) | $5.75 M |
| OrganiGram | OGI | Mon, Nov. 25 / 6am | - | $0.00 | $12.17 M |
| Jacobs Engineering Group, Inc. | JEC | Mon, Nov. 25 / 6:15am | -20.1% | $1.32 | $3.31 B |
| Euroseas Ltd. | ESEA | Mon, Nov. 25 / BMO | - | ($0.02) | - |
| Best Buy Co., Inc. | BBY | Tue, Nov. 26 / 7am | 1.6% | $1.04 | $9.74 B |
| Momo Inc. | MOMO | Tue, Nov. 26 / BMO | 14.5% | $0.61 | $9.74 B |
| DICK'S Sporting Goods, Inc. | DKSK | Tue, Nov. 26 / 7:30am | 2.3% | $0.38 | $1.90 B |
| Dollar Tree Stores, Inc. | dltr | Tue, Nov. 26 / 7:30am | 3.6% | $1.12 | $5.74 B |
| Dell Technologies | dell | Tue, Nov. 26 / BMO | - | $1.55 | $22.90 B |
| Burlington Stores, Inc. | BURL | Tue, Nov. 26 / 6:45am | 9.1% | $1.41 | $1.79 B |
| Abercrombie & Fitch Co. | ANF | Tue, Nov. 26 / 7:30am | 1.0% | $0.25 | $869.42 M |
| Cracker Barrel Old Country Store, Inc. | cbrl | Tue, Nov. 26 / 8:30am | 3.0% | $2.00 | $755.20 M |
| Hormel Foods Corp. | HRL | Tue, Nov. 26 / 6:30am | -0.2% | $0.47 | $2.52 B |
| Movado Group, Inc. | MOV | Tue, Nov. 26 / 6:45am | - | $1.03 | - |
| Deere & Company | DE | Wed, Nov. 27 / 6:45am | -10.2% | $2.13 | $8.46 B |
Companies in the country are delivering their quarterly earnings reports as we wind down the last quarter of the year. The third quarter of 2019 was boosted by a strong stock market and positive news from the trade deal.
Each week, investors learn about the performances of publicly listed companies. In the coming week, some companies such as Dell Technologies, Bank of Nova Scotia, Tech Data Corp, and more will release their quarterly results.
Some companies will release their quarterly earnings report by next week. However, here are the top four to keep an eye on.
Best Buy is a multinational electronics retailer, known for selling consumer electronics in the US and other parts of the world. The company is set to publish its third-quarter earnings on November 26.
Analysts expect Best Buy to deliver year-on-year increase with its revenue during the third quarter. According to the Zacks Consensus Estimate, Best Buy should post an earnings per share of $1.04. This would represent an 11% increase from the same period last year.
Traders are expecting revenues to grow by 1.5% and reach $9.3 billion. Similar to the other retailers in the country, Best Buy is getting ready for the holiday season. The company will start its Black Friday sales early in anticipation of getting shoppers in sync with the celebration.
American multinational tech company, Dell Technologies, will report its Q3 earnings on Tuesday, November 26 amidst recent developments in the company. Traders expect the company to report losses for the quarter.
Third-quarter earnings totals are expected to come in at $1.55, 14.8% lower than Q3 2018 totals. However, Wall Street forecasts expect revenue growth of about 1.9% year-over-year. Dell announce a quarterly revenue of $22.90 billion.
If the stock performs better than expected, then it could snap out of its recent bear trend and record gains. However, if Dell’s stock underperforms, it could plunge lower in the coming days.
Dell recently launched its Dell Technologies on Demand. It is a consumption-based and as-a-service offering that provides its customers with more choice, consistency, and flexibility. The service will give customers more flexibility and control while boosting the performances of their infrastructure.
The semiconductor company, Analog Devices will publish its fourth-quarter fiscal earnings on November 26. The company specializes in data conversion, signal processing, and power management technology.
Wall Street analysts expect Analog’s earnings to decline year-on-year. Consensus estimates call for earnings of about $1.22 per share, 21% lower YOY. Experts also believe revenues will drop by 9% to $1.45 billion.
Analog’s stock price could drop if the company reports abysmal earnings. However, if it performs better-than-expected, then the stock price could rally over the coming days.
Tech Data Corp is an IT company that specializes in the distribution of IT products and services. Similar to the others, Tech Data Corp will deliver its quarterly earnings report on November 26. Tech Data will record a slight decline in quarterly earnings year on year.
According to Wall Street analysts, Tech Data Corp will post an EPS of $3.01 for the last quarter. This represents a 0.3% decline from the same quarter the previous year. Meanwhile, the quarterly revenue will be $9.34 billion. However, consensus estimates predict its full-year EPS will be about $12.50.
Stay tuned to the Dork to follow all the earnings season news. Bookmark this calendar because we update it every week. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
The stock market is currently on a three-day losing streak. The optimism surrounding a US-China trade deal seemed to have disappeared, and it has affected the markets. However, some cheap stocks continue to perform well.
The stock market has been rallying in recent weeks as investors thought the phase one deal with China is imminent. However, recent reports show that the agreement could be signed in 2020, leading to some stocks losing value over the past few days.
Despite the stock market posting losses in recent weeks, here are the leading cheap stocks for the week.
Don’t forget to check out our other cheap stocks articles:
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Wah Fu Education Group is a leading education services provider. The company’s stock is the leading cheap stock for the week. It is up by 118% over the past few days and could go higher in the coming days.
Wah Fu Education Group’s stock is up by 12% at Friday’s pre-market session. The spike in Wah Fu’s stock price comes after the company entered a partnership with Chengdu Neusoft University. Wah Fu has been tasked with developing and maintaining a customized online education platform for Chengdu Neusoft University.
Stage Stores Inc. is another cheap stock that is performing well despite market conditions. The department store company has seen its stock rise by roughly 70% since the start of the week. It could go higher over the coming days.
Stage Stores Inc. recently reported a robust quarterly sale. During the third quarter, comparable sales for the company increased by 17.4%. The net loss was $15.9 million, which is lower than the $31.4 million reported in the same quarter last year.
The company’s partnership with Amazon has helped Stage Stores report higher earnings during the last quarter.
Similar to Wah Fu, Ambow is a provider of educational and career enhancement services. Ambow’s stock has seen an upsurge of over 34% over the past few days. Early signs point to the company continuing its rally after rising by 2% at Friday’s pre-market session.
Ambow is one of the leading providers of education and career development services in China. Share prices have more than doubled since the beginning of the year.
There is no direct catalyst behind the stock’s recent rally. However, the company hosted the Innovation and International Resource Sharing Forum in China last month. The conference was organized in partnership with Global Career Quality Assurance.
Ambow is already providing its educational services to students in 30 out of the 31 provinces across China.
Canadian cannabis company Hexo Corp is one of the best performing cheap stocks this week. Hexo’s stock is up by 33% since the start of the week. Hexo’s stock is rallying despite the bear market currently affecting the general cannabis market.
Hexo recently broke below $2, but it rebounded strongly to post a 30%+ bounce-back rally.
Hexo recently admitted to growing marijuana in an unlicensed region of its Niagara facility. The company closed the section after realizing it was unlicensed and reported to the Health Canada department. Hexo is slowly turning the tide and has recovered most of its value since the start of the year.
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Thanks to recession fears, value stocks enjoyed a brief resurgence over the summer. However, that was before the market’s record-breaking rally began. Now, investors are favoring higher-risk assets, but value stocks can still net big gains.
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These value stocks represent some of the best companies, and they’re trading for cheap.
AllianceBernstein is a value stock that has been performing well since the start of the year. Despite recording a 25% increase in price year-to-date, the stock still looks like a steal.
Alliance Bernstein trades at a discount compared to its industry rivals. Currently, it’s PB ratio rests below 2.0.
The asset management firm’s price-to-book is 1.93, while its price/earnings ratio stands at an impressive 12.50. Last week, AllianceBernstein announced that its preliminary asset under management as of October 31st was $601 billion.
This represents a 1.5% increase from the $592 billion it recorded in September 2019. The increase in their assets under management was due to market appreciation.
MarineMax is a Florida-based boat dealer. The company’s stock performed poorly since the start of the year. However, due to its impressive P/B and P/E ratios, it remains a steal at its current price.
The price-to-book ratio for MarineMax is 0.96, while its price-to-earnings ratio stands at 10.10. MarineMax’s full-year earnings have received an upgrade from Wedbush on Wednesday, November 20. The company is expected to record an EPS of $1.73 per year, up from the previous estimation of $1.70.
MarineMax also increased its financing facility to enable borrowing of up to $440 million. This is up from the previous sum of $400 million.
Miller Industries is a Tennessee-based towing and recovery equipment manufacturer. Miller Industries’ stock is up by 29% since the start of the year. It could surge higher over the coming months, making it a steal at its current price.
With a market cap of $403 million, the P/B ratio for Miller Industries stands at 1.63. Meanwhile, the price to earnings ratio of the stock is 11.08. Miller Industries missed earnings expectations during the previous quarter.
The quarterly net sales were $195.5 million, which is below analysts’ estimation of $195.7 million. The net income dropped YOY, from $8.7 million to $8.1 million in the third quarter of 2019.
Ameris Bancorp’s has had a great year so far, up by 38% from January to date. Share prices could rise higher soon, analysts expect an excellent quarter for the bank.
Ameris Bank is up 38% since the start of the year, but it’s still carrying a significantly discounted PB ratio.
The P/B ratio for Ameris stands at 1.24, while its price-to-earnings ratio is 14.99. The stock could be set to perform higher as analysts raised their expectations for the current quarter. Equities research analysts at Piper Jaffray Companies expect Ameris to post an EPS of $1.10 for the current quarter. This estimation is higher than the $1.09 they previously reported to their investors.
After years of underwhelming performance, value stocks are heating up. Stay tuned to the Dork to keep track of breakout penny stocks. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
The logistics sector has had a mixed year, with some shipping stocks recording gains while others traded in the red. The ongoing trade war, tariffs, slowing global economy, and the changing trend in the e-commerce sector has affected the shipping sector.
However, the global economy is stabilizing and business could start picking up soon for the logistic companies. Long term, the outlook is extremely favorable for shipping stocks. E-commerce shipping volume is expected to grow by 100% over the next six years.
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Despite the poor performance of the logistics company in 2019, some stocks in the sector performed well. Here are the shipping stocks set to move higher soon.
The Connecticut-based logistics company is one of the ten largest providers of transportation and logistics services in the world. XPO Logistics is having a fantastic 2019 so far, up by over 40% year-to-date.
This company made several growth investments this year. XPO Logistics expands the use of intelligent robotics in the UK as it prepares for the holiday season. The company also expanded operations in Spain, opening a multimodal transport hub in Vigo, Galicia.
The changes in operations could see them deliver products faster and cover more areas across Europe.
Scorpio Tankers is one of the leading shipping stocks in 2019. The stock is up by 73% since the start of 2019, outperforming the industry average. The Monaco-based company primarily handles large vessels.
On Wednesday, November 20, 2019, the company announced that its President Robert Bugbee acquired call options on 200,000 common shares. The strike price for the contract is $32 per share and is set to expire by January 2020.
Although there is no apparent catalyst, Scorpio Tankers’ stock is up by 4% in 24 hours and could be set to move higher soon.
It has been a good year for UPS so far as the stock is up 22% year-to-date. The American shipping giant is an industry leader, and it could close out the year with a strong performance.
UPS has been a bit of a laggard this year, but it could be headed for a rebound soon. Ecommerce sales are expected to be particularly strong for this holiday season.
Experts expect UPS to bounce back as we approach the holiday season. The company plans to hire 100,000-holiday workers to help handle the increased package volume.
C.H. Robinson is a multinational provider of multimodal transportation services and third-party logistics. Robinson’s stock has been in a bearish trend since the start of the year. However, traders see signs of an impending reversal.
C.H. Robinson provides a variety of shipping and logistics services for businesses of all sizes.
Earlier this week, C.H Robinson launched Freightquote targeted at small and medium-sized companies. Freightquote is an online portal offering multimodal transportation solutions to businesses. It allows small and medium-sized companies to easily source reliable capacity at a fair cost. The technology will help the company attract smaller and medium-sized companies.
FedEx usually leads this category. However, this shipping stock is having a dismal year. The firm was up against several headwinds in 2019, and shares are down 7% year-to-date. Because of its large international presence, the global slowdown hit FedEx particularly hard.
Growing eCommerce sales are starting to wake up the shipping sector. This could be a strong catalyst to take FedEx’s stock out of its current bear trend and surge higher.
The shipping and logistics industry has underperformed this year due to several economic factors. Stay tuned to the Dork to keep track of breakout penny stocks. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
Renewable energy stocks have become a hot topic among investors over the past few years. While they were considered risky investments earlier on, renewable energy stocks have been growing in popularity in recent years.
The slow movement away from the fossil fuel-based approach to clean energy has led to an increase in demand for renewable energy sources. Companies in this sector continue to deal with rising demand for their products.
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Although there are several stocks to choose from, here are the top three renewable energy stocks you should buy and hold.
NextEra Energy, based in Florida, is perhaps the leading renewable energy company in the country. It has been one of the best-performing stocks in its sector this year, rising by 37% year-to-date. However, it could be set to rise higher due to recent developments.
The company recently completed a 74.9-MW solar project in South Carolina, using over 270,000 tracking photovoltaic solar panels. This latest development comes after the company’s earnings soar due to the enormous demand for renewable energy.
NextEra is a leading provider of solar energy in the U.S. Above: A NextEra solar farm.
The company’s adjusted earnings for the third quarter of 2018 was $1.1 billion, surpassing the $1 billion generated in the same quarter of 2018. Their earnings per share went up by 10% to stand at $2.39.
The company recorded massive growth in its renewable energy sector. With a rising demand for renewable energy and NextEra’s capacity, this is a stock you should consider buying and holding in the current quarter.
The Nevada-based renewable energy company is slowly becoming a force in the industry. Ormat Technologies’ stock has been trading close its 52-weeks high despite missing Wall Street’s earnings target for the last quarter.
The company’s revenue was up by 2.4% from the same quarter of 2018 to reach $170.5 million. The EPS for the quarter was $0.30, which is higher than the $0.21 recorded in Q3 2018. Although it missed Wall Street’s estimate of $0.33 per share, Ormat’s stock has been trading at a high of $76 per share over the past 24 hours.
Wall Street analysts expect Ormat to perform better in the current quarter. The company will release its next earnings report on February 25, 2020. According to Zacks Investment Research, Ormat should post an EPS of $0.55 for the current quarter, which would be higher than the $0.52 posted in the same quarter of 2018.
First Solar is another company in the renewable energy space you should keep an eye on. The Arizona-based company’s stock is up by 25% year-to-date despite losing less than a percent at Wednesday’s pre-market session.
Several analysts rate FirstSolar as a ‘buy’ and many have set a price target of around $70.
First Solar recent gave its full-year 2019 earnings guidance. It stands at $2.25-2.75 for the year. The EPS is within the $2.43 estimate given by Thomson Reuters’ consensus. Their revenue guidance was $3.5-3.7 billion, compared to the $3.55 billion valuations.
Several analysts have upgraded the stock over the past few days. BidaskClub considers First Solar’s stock a ‘HOLD,’ while it received a ‘BUY’ ratings from Robert W. Baird. Roth Capital also rated the stock as a ‘BUY.’ Most analysts expect First Solar’s stock price to surge past the $70 mark over the coming months.
Renewable energy companies are seeing an increase in demand due to a gradual move away from fossil fuels. Stay tuned to the Dork to keep track of breakout penny stocks. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
The gaming sector is slated to grow into a broader industry over the next two years. The US stock market is on fire, and many gaming stocks are following it higher. Due to advances in smartphones and high-speed internet, the gaming sector could benefit from substantial growth in the coming years.
Heading into the last five weeks of 2019, some gaming stocks could be worth adding to your portfolio.
If you’re interested in more gaming stocks, be sure to check out more of the Dork’s hot stock watchlists. You can learn about the latest Virtual Reality stocks here, and take a gander at the hottest tech stocks here.
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The gaming sector has performed well since the start of the year. Here are five gaming stocks you should consider adding to your portfolio before Christmas.
Zynga has become a giant in the mobile gaming industry. The company is one of the top performers on NASDAQ this year, gaining over 60% year-to-date.
While presenting its third-quarter earnings late last month, Zynga’s $395 million bookings surpassed market expectations. It’s no surprise that some institutional investors are building stakes in the company.
On Tuesday, November 19, Flagship Harbor Advisors LLC, increased its stake in Zynga. Other institutional investors to do the same include; Vanguard Group Inc., Renaissance Technologies LLC, TimesSquare Capital Management LLC, and Nuveen Asset Management LLC.
This Japanese multinational conglomerate should also be on your Christmas shopping list. Sony’s stock has grown by 26% since the start of 2019 and it’s performed well as of late.
Earlier this week, Sony purchased AT&T’s minority stake in Game Show Network, LLC. With this latest development, Sony now owns 100% shares of Game Show Network, LLC, which offers original and classic game programming to millions of AT&T subscribers.
Glu Mobile’s stock has underperformed in 2019, losing 45% of its value since the start of the year. However, it could be on its way to recovery following recent positive news.
Glu is set to release Disney Sorcerer Arena early next year, and the release could create some bullish momentum for the stock.
Despite its poor yearly performance, Glu made positive strides in the last quarter. The company booked $120 million in sales, 20% higher than the same time last year. Glu remains on track to release Disney Sorcerer’s Arena in the first quarter of 2020. The game could create a buzz that drives more bullish momentum.
The New York-based company has had a fantastic year so far. The stock is up by 18% year-to-date, trading at $123.66 at Wednesday’s pre-trading session. Take-Two has become famous for games such as Grand Theft Auto, Red Dead Redemption, BioShock, and a host of others.
Take-Two reported reliable results for fiscal second-quarter 2020. Their GAAP revenue surged by 74% compared to the same quarter last year. The GAAP revenue was $857 million, with an EPS of $0.63. Net bookings for their games was up by 63% to reach $950 million during the last quarter.
California-based Electronic Arts is one of the leading firms in the gaming sector. EA is up over 20% this year.
Electronic Arts recently launched Star Wars Jedi: Fallen Order. The adventure game is available worldwide on multiple gaming platforms, including Xbox One, PlayStation 4, and Steam. In the third quarter, the company also released other notable games, such as Plants vs. Zombies: Battle for Neighborville, and Need for Speed Heat.
EA’s Madden series is one of the leading franchises in gaming. Above: A company presentation promoting Madden 2019.
The diversified gaming portfolio at Electronic Arts makes it one of the most exciting gaming companies. Its stock could surge further before the end of the year as it outperforms the industry’s rally of 14.7%.
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Pot stocks have endured their worst year yet. Virtually all the cannabis stocks have lost a considerable share of their market value since the start of the year. This is despite some states across the US legalizing marijuana and providing favorable regulations.
However, pot stocks could be set for recovery as the sector is gaining attention from the federal level. Legalizing cannabis at the federal level could lead to a massive boost for the industry and companies operating within it.
For more hot stock watchlists, be sure to visit the Dork’s best cheap stock rankings, including ‘The Best Stocks Under $1’, ‘The Best Stocks Under $5‘, and more.
The House Judiciary Committee is set to look at the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) on Wednesday, November 20. The committee chairman, Jerrold Nadler, pointed out a press conference that the current marijuana laws harm individuals and communities of color.
Some states have legalized marijuana, and Nadler believes it is time the criminal prohibitions against marijuana are eliminated at the federal level. This is excellent news for the cannabis industry, leading to some pot stocks recording gains on Tuesday.
The legalization of cannabis at the federal level could be a significant catalyst for pot stocks to perform excellently over the coming months and years as the industry grows bigger.
Here are the top three pot stocks likely to recover their value soon.
Aurora is one of the leading producers of Canadian cannabis, but it recently announced that it had to scale back some of its expansions plans. Above: Aurora personnel on a tour at a company cannabis facility.
Aurora has been one of the worst-performing pot stocks so far this year. It has lost over 55% of its value since the start of 2019, plunging from $5.2 per share to trade at $2.34 at Wednesday’s pre-market session.
Aurora released a poor fiscal 2020 first-quarter results last week, with revenue down by 24% from the previous quarter. They also recorded a 33% drop in sales in Canada during the quarter.
However, the company might bounce back. Aurora is making some moves that could change its affairs over the coming months. The firm has a large segment of convertible debentures that were set to mature soon, but it managed to avoid making a large payment by convincing over 93% of bondholders to convert into Aurora shares. By pushing bondholders towards conversion, Aurora avoided the financial pressure that making a large bond payment would create.
An overview of its yearly figures shows that Aurora’s revenue is still growing at a decent clip, despite its poor performance this year. Aurora is a buzz name stock, so it could lead the rebound if the sector gets going soon.
Cronos is another leading cannabis stock that has underperformed so far this year. The stock is down by 40% since the start of 2019. However, it could be set to recover after rising by 9.12% during Tuesday’s trading session.
Cronos reported its Q3 earnings on November 12, recording a net revenue of $12.7 million. This represents a 238% growth from the same quarter of 2018. Altria recently added 4 million Cronos shares to its portfolio, representing a big win for the cannabis company.
With an expanding market both in Canada and the US, Cronos’s stock could bounce back if the company records similar growth in revenue over the coming quarters.
CannTrust Holdings is another cannabis stock that could bounce back after plunging by 84% year-to-date. The stock climbed 2.3% in pre-market trading Wednesday’s, after rising by 5.4% on Tuesday.
CannTrust slashed 40% of its workforce as part of a downsizing effort to cope with weakening demand. Above: Workers tend to cannabis plants in a CannTrust greenhouse.
CannTrust looks like a value at this price level. Analysts rate CannTrust’s stock as a ‘BUY.’ The firm made some moves to cut costs recently, like reducing its workforce by 40%. After the cannabis sector went nuclear over the summer, CannTrust had to slash its costs to survive. However, CannTrust and other pot stocks might soon turn things around.
Pot stocks made a lot of money for traders in 2018, however it’s been a different story this year. U.S. legalization is still far off, but it’s a positive when regulators relax their stance towards the industry.
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The most active stocks of the week come from a variety of sectors. Any number of factors could cause upticks in trading volume, both good and bad. It’s usually caused by some type of sentiment shift towards the outlook for a company, like a blow out earnings report or a negative press release.
Browsing the most active stocks is a great way to start your trading morning. Often, these momentum movers make great day trade candidates. You can learn more about day trading here.
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Chinese officials are not hopeful of a phase one deal with the US soon. The news has negatively affected a wide range of stocks and could lead to increased trading volume over the coming days. However, here are the five most active stocks for the week. Momentum goes both ways, so some of these companies are rallying and others are tanking.
The stock of Oklahoma-based energy corporation has seen a lot of activity in recent days. It has 8.11% of its value over the past 24 hours and is already down by 0.2% at Tuesday’s pre-market session. At its current rate, Chesapeake’s stock could suffer more blows over the coming days.
The company’s stock price is heading towards a 25-year low as talks of a merger with WildHorse Resource Development (WRD) continues. Chesapeake’s stock is trading at $0.64 per share at Tuesday’s pre-market session, down by 70% since the start of the year.
Advanced Micro Devices, Inc. is another stock that has been active over the past few days. The semiconductor’s stock is trading at $39.89 at Tuesday’s pre-market session after rising by 3.42% over the past 24 hours.
AMD is breaking out into new all-time highs. Above: AMD CEO Lisa Su delivers an address at a company presentation.
The investment bank, Cowen, recently increased Advanced Micro Devices’ stock target by $7 to $47 following a meeting with CEO Lisa Su. This comes after the company reported its best quarterly earnings result in a decade late last month.
Aurora Cannabis Inc.’s stock posted a double-digit loss for the third consecutive day after losing 16% of its value on Monday. The stock is trading at $2.88 per share at Tuesday’s pre-market session.
The underlying reason behind the Canadian cannabis company’s underperformance could be its dismal first-quarter fiscal 2020 earnings. The company’s quarterly earnings were CA$75.2 million, which is below Wall Street’s expectations of CA$91 million. The poor result has seen the stock underperform over the past few days.
Intelsat SA is one of the most active stocks of the week after losing 40% of its value within 24 hours. The stock plunged from $14 per share to $7.88 at Tuesday’s pre-market session, losing over 40% of its value in just 24 hours.
Intelsat tanked after government regulators challenged its ownership of vital 5G broadcasting frequencies.
The company’s stock tanked after the FCC Chairman Ajit Pai stated on Monday that he wants to have a public auction of C-band airwaves. Intelsat and its C-Band Alliance had been in support of a private sale for the C-band airwaves. However, the FCC’s ruling has massively affected its stock performance.
iShares MSCI Emerging Markets Index is one of the most active stocks this week. The ETF stock is down 0.16% at Tuesday’s pre-market session and is trading at $43.06 per share. However, it is up by 10% year-to-date despite recent woeful performances.
The activity comes from some institutional investors, increasing their stake in the company. Sumitomo Mitsui Trust Holdings Inc. recently purchased 229,198 shares of the ETF. Mackay Shields LLC also acquired new positions in the ETF on Friday, November 15.
Other investors to increase their stake in the ETF include; Dividend Assets Capital LLC, Vista Private Wealth Partners. LLC, Pacer Advisors Inc., 0. Kavar Capital Partners LLC, and Bay Harbor Wealth Management LLC.
The stock market has been very active in recent days due to various factors such as earnings reports and the US-China trade deal. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
Tech stocks have been the most significant market movers so far in 2019. The tech sector fluctuated along with the sentiment towards trade talks this year, so it’s been an up and down year. However, tech stocks went hot over the past few weeks, and they continue to perform.
Chinese officials are pessimistic about the chances of a phase one trade deal with the US. The news has affected several stocks on Monday, November 18. However, some tech stocks have managed to keep their trend and record higher prices.
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With the market slightly retreating on Monday, some stocks are trading in the red zone. However, here are the top four tech stocks you can trade this week.
GlobalSCAPE is a software developer based in San Antonio. The company’s stock has had an exciting couple of days, rising by 14.27% during Monday’s trading session. It is also up by 3% at Tuesday’s pre-market session and currently trades at $11.88 per share. Following its recent trend, GlobalSCAPE’s stock might soar in the coming days.
On Monday, the company announced that it has come to a five-year agreement with several banks, led by JP Morgan. The deal will see the company receive a $55 million credit facility. The company also declared a special cash dividend of $3.35 per share, slated for November 29. However, the dividends will be paid on December 5, 2019.
Orion Energy Systems, Inc. is another tech company whose stock has been performing well. The Plymouth based intelligent controls enterprise has seen its stock price rise by 12.46% in the past 24 hours. After recording gains in recent days to trade at $3.79 per share at Tuesday’s pre-market session, Orion’s stock price could rise higher.
Although there is no underlying catalyst behind its recent moves, institutional investors are increasing their stake in the company. North Star Investment Management Corp, Bailard Inc., Hillsdale Investment Management Inc., Bank of New York Mellon Corp, and Acadian Asset Management LLC, increased their stakes in Orion.
Veritone is a Costa Mesa-based Artificial Intelligence firm that is starting to make some noise. Above: Veritone rings the bell at NASDAQ.
Veritone is a Costa Mesa-based developer of artificial intelligence (AI) platforms. Veritone’s stock has one of the best performers so far. It could be set to rise higher over the coming days. It is up by 1.3% at Tuesday’s pre-market trading session after rising by 9.7% on Monday. The stock is currently trading at $3.15 per share.
On Monday, Zacks Investment Research upgraded Veritone’s stock from a ‘HOLD’ to a ‘BUY.’ Researchers at Zacks Investment expect the share to increase by 6% from its current price. Similarly, analysts at Northland Securities maintained their ‘BUY’ ratings of the stock. They expect it to reach the $10 mark soon. Meanwhile, ValuEngine upgraded Veritone from a ‘BUY’ to a ‘STRONG BUY.’
Synchronoss is a global software and service company based in New Jersey. The tech company’s stock is trading at $4.52 per share at Tuesday’s pre-market session. It rallied by 9% on Monday and might continue the trend for the remainder of the week.
On November 12, the company, which is an expert in cloud, messaging, digital, and IoT products, announced a partnership with AT&T, Sprint, T-Mobile, and Verizon.
Synchronoss rallied 9% yesterday, and the outlook remains strong for the software services provider. Above: A Synchronoss facility’s lobby.
The agreement will see Synchronoss deliver a superior mobile messaging experience on all four largest mobile operators in the US. The partnership could see the stock recover, following an abysmal performance so far this year.
Tech stocks have played a crucial role in the stock market’s performance this year. Stay tuned to the Dork to keep track of breakout penny stocks. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news. Also, don’t forget to sign up for mobile Dork Alerts to get all the hottest stock picks, insights, and analysis delivered to your cell.
It’s no secret that stocks are heating up. We’re seeing green in a lot of places, but some stocks are leading the way. When stocks are moving, they tend to have elevated trading volume. Following the most active stocks can help traders find excellent momentum trades candidates.
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Investors have been focused on US-China trade talks. News reports reveal that Chinese Vice Premier Liu He and U.S. Treasury Secretary and Trade Representative had a discussion over the phone on Saturday. According to the Chinese representative, the talks were constructive.
Chesapeake Energy Corporation’s stock is the most active so far on Monday, November 18. The stock is down by less than 1% during Monday’s pre-market trading session. It currently trades at $0.70 per share.
The company’s stock has been highly volatile in recent weeks due to weak finances. Chesapeake Energy Corporation is looking to cut its 2020 capital expenditure by 30% to help boost its financial position.
Chesapeake Energy produces crude oil and natural gas through fracking and drilling operations.
Over the past month, Chesapeake Energy Corporation’s stock has lost 84% of its value, plunging from $1.29 to now trade at $0.70 per share. The stock is currently trading at its lowest price for 25 years. Some experts are questioning whether the downward move is overdone.
Chesapeake Energy Corporation develops and extracts onshore natural gas and crude oil assets in the US.
The emerging markets ETF has been outperforming the broader market over the last month. As of Monday, November 18, the iShares MSCI Emerging Markets Index is up by 5% over the past month. It is also up by 13% year-to-date.
The iShares MSCI Emerging Markets Index is trading with above-average volume amid optimism of a U.S.-China phase-one trade deal. However, better-than-expected earnings and strong third-quarter GDP data also contributed to the mini-rally.
As investors begin to have hope about a US-China deal, more are taking advantage of the opportunity to invest in this ETF.
Advanced Micro Devices, Inc. has been one of the most active stocks, after rising by 0.49% at Monday’s pre-market session. The stock is trading at $38.73 at Monday’s pre-trading hours and might be set to rise higher over the coming hours.
Advanced Micro Devices’ stock became the top-performing stock in the S&P 500 last week. The stock is up by over 111% since the start of 2019, compared to the 24% return by the S&P 500 so far this year.
AMD is one of the world’s leading producers of advanced GPUs. Above: AMD CEO Lisa Su speaks at a company presentation.
Late last month, Advanced Micro Devices reported its highest revenue in more than a decade. Its third-quarter sales were $120 million or $0.11 EPS. This is higher than the $102 million or $0.09 EPS recorded in the same quarter of 2018.
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Biotechnology companies develop medications and treatments that can transform the way we live. When a biotech firm gets it right, it can result in billions of dollars in sales. However, it’s not easy to play the market. Investors buy biotech stocks for a chance at huge gains, but they face significant risks as well. Overall, the sector performed well this year as it followed the market higher.
For more biotech stocks, check out our top-ranked picks here. If you’re interested in investing in the healthcare sector, be sure to read out complete breakdown of the best healthcare stocks.
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Here are the top biotech stocks to consider adding to your portfolio now.
BioCryst Pharmaceuticals rallied 10.41% over the past few days. Shares gained 9.14% in early session trading on Monday, and they could continue gaining this week.
There is no obvious catalyst behind the increase in BioCryst Pharmaceuticals’ stock. The North Carolina-based company is known for manufacturing antivirals and autoimmune disease drugs. Share prices moved erratically in recent days. However, it could surge higher following Monday morning’s mini-rally.
Stealth BioTherapeutics Corp is trading at $8.64 per share, up by 11.77% over the past few days. The Cayman Islands-based firm performed well following its Q3 earnings report.
The biotech company released its Q3 2019 financial results on Thursday, November 14. The company incurred a loss of $16.5 million in the quarter ended in September 2019. This represents a $0.04 EPS loss. Stealth BioTherapeutics Corp spent money mostly on R&D and general expenses.
However, Stealth BioTherapeutics Corp recorded other important deals, such as its option agreement with Alexion to co-develop and commercialize elamipretide.
Lineage Cell Therapeutics Inc. is another biotech stock you can buy now. The stock is trading at $0.87 per share, up by 9.02% in 24 hours. Many analysts maintain a positive outlook on this tiny biotech stock.
The California-based company generated $0.6 million in revenue in the third quarter of 2019, down by $0.4 million from the same quarter of 2018. However, the Lineage Cell Therapeutics Inc. plans to reduce operating costs for to $16 million in 2020, down significantly from its initial forecasts of $24-$28 million.
During the quarterly report, Lineage Cell Therapeutics Inc. provided investors with an update on some of its drugs and studies, including OpRegen, Renevia, and more.
Qiagen’s shares are up by 3.80% during Monday’s pre-market trading session and are set to surge higher over the coming hours and days. The shares of the company jumped earlier today after they announced that they are open to takeover talks with potential suitors.
Thermo Fisher is weighing an acquisition of Qiagen, and the news sent share prices on a rally. Above: A lab worker operates a Qiagen diagnostic machine.
The ownership of the German company could change hands soon after life sciences tools maker Thermo Fisher Scientific Inc. approached them over an acquisition deal. Qiagen NV has now come out to declare that it is open for takeover talks with interested parties.
The stock is trading at $42.10 at Monday’s pre-market session but could go higher in the coming days.
Fortress Biotech’s stock is up by 7.88% to trade at $1.78 per share at Monday’s pre-market session. The US-based biotech company has enjoyed a great year, with the stock up by over 50% YTD.
Shares of Fortress Biotech gained significantly last week after the firm posted solid numbers on its quarterly earnings report.
Fortress Biotech reported its third-quarter finances on Tuesday, November 12. The company generated $9.8 million in sales, which is higher than the $5/2 million recorded in the same quarter last year.
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Black Friday marks the official start of the holiday shopping season. The sales event is expected to generate big revenues for US retailers. The market is hovering near highs, and retail stocks could perform over the next few months.
Black Friday marks the start of the holiday season, and experts predict this year’s holiday shopping season will be extremely strong.
While Black Friday is known as a day for deal-hungry shoppers, it is also an excellent opportunity for investors to increase their holdings in retail stocks as the holiday season kicks off. Retail sales have steadily increased over the past two decades, and the trend could continue this year.
Retail stocks offer one way to play the market, but they can be expensive. If these retail stocks are too pricey for your budget, you should check out the Dork’s other hot stock lists. If you’re looking for cheap stocks, be sure to check out our top penny stocks lists. (learn more about penny stocks here):
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Black Friday is two weeks away and marks the beginning of the holiday season. Here are the top retail stocks to buy before Black Friday.
Best Buy aims to stay ahead of the competition by starting it’s Black Friday almost 5000 hours early. The company published a Black Friday ad last week, revealing several discounts for November.
Best Buy’s stock has had a fantastic 2019 so far as it is up by 44% year-to-date. The stock started the year trading at $53 per share but trades on Friday, November 15, at $75.60 per share. Best Buy will report its next earnings on November 26, with analysts expecting an EPS of $1.03.
Amazon has had a rough few weeks but continues to be a leader in the retail and eCommerce space. Amazon’s stock is up by 13% since the start of 2019 but could be boosted during the holiday season. The stock is trading at $1,754 per share, up by $0.32% at Friday’s pre-market trading.
Amazon controls over half of the entire eCommerce industry. and they’re expected to be a stalwart performer this holiday season.
Amazon recently lost a $10 billion cloud contract after the Pentagon decided to award the contract to Microsoft. It also suffered another blow after the sportswear giant, Nike, halted the sale of its merchandise on Amazon. Despite these disappointments, Amazon could command a sizeable chunk of the Black Friday sales due to its position as a leader in the retail sector.
Walmart has been providing Amazon with fierce competition in the retail sector. Its stock should be on your ‘buy’ list before Black Friday. Walmart’s stock has outperformed Amazon’s so far this year, rising by over 29% since the start of 2019.
The retailer published its third-quarter earnings on Thursday, November 14. The earnings beat analysts’ expectations as strong grocery business boosted online sales. The EPS for Q3 was $1.16, higher than the $1.09 expected.
Online sales grew by 41% in the third quarter, with the US same-store sales up by 3.2%. This could be an indicator of a strong holiday season for Walmart.
Target’s stock is the most profitable so far in 2019, having surged by 68% year-to-date. The stock was trading at $66 per share at the beginning of the year but now trades at $111.50 after rising by 0.35% at Friday’s pre-market trading session.
Target has boosted its e-commerce business over the past year. The discount store is hiring more staff and adding tech assets ahead of Black Friday and other holiday sales. Their commitment to the holiday period saw them invest over 500,000 more hours in training compared to the same time last year.
Target will publish its third-quarter earnings in the coming days. Their Q3 revenue is expected to reach $18.47 billion, up by 3.6% from the same quarter of 2018. Target’s full-year fiscal 2019 sales are expected to increase by 4%, which is higher than the 3.6% recorded last year.
Black Friday is a few days from now and this could be the best time to buy retail stocks as we head into the holiday season. Stay tuned to the Dork to keep track of the top breakout stocks to trade. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news, and don’t forget to sign up for Dork Alerts to get all the hottest stock picks, insights, and analysis delivered right to your inbox.
US markets notched significant gains this month, and several breakout stocks set new highs over the past few days. The optimism surrounding the US-China trade deal and recent economic helped fuel the rally.
The US-China trade deal is on center stage again. Reports are circulating that officials are considering removing tariffs as part of the agreement. A completed deal could lift markets even higher.
The best breakout stocks won’t rally forever. Momentum traders need to stay on the hunt for hot stock to buy. The Stock Dork ranks all of the best stocks by category, so be sure to check out our other hot stock lists, including penny stocks, pot stocks, and more. (learn more about penny stocks here):
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US stock index futures are closing in on a new all-time highs. On Friday, index futures gained in the early hours of pre-session trading.
Dow Futures are already up by 70 points on Friday morning, with the NASDAQ Composite and S&P 500 also recording gains. The gains show that the market is shrugging off the potential for a trade-deal setback.
Early-morning futures activity indicates that the market is headed for a green day, despite a reported setback in negotiations with China.
China’s Commerce ministry recently stated that the trade should be preceded by the removal of tariffs. China’s call for the removal of duties could hamper the chances of an agreement being reached anytime soon.
However, the market didn’t react negatively to the setback. Instead, the US futures continue their push towards new all-time highs.
With the US futures heading to record highs, here are the breakout stocks to buy now before the weekend.
Astrotech is leading the market after rising by 43.70% over the past 24 hours. The stock price surged from $1.23 to current trade at $1.71 per share. It could be set to rise higher over the coming days as the market closes in on new highs.
The increase in Astrotech’s stock price could be due to the impressive financial results of the first quarter of the fiscal year 2020 delivered on Wednesday, November 13. The company’s operating expenses are down by 8.5% during the first quarter compared to the same quarter of the fiscal year 2019. The company has also recorded progress in the development of its mass spectrometry technology called the 1st Detect.
Celsion Corporation rallied over the past few days, and it’s run could continue.
This biotech stock is up by 7.91% at Friday’s pre-market trading hours after recording a 28.69% jump yesterday. Celsion recorded a quarterly loss of $5.5 million in Q3 2019, which is higher than the $4.7 million recorded in the same quarter of 2018.
The loss came as the company spent more on R&D and other areas of its business due to regulatory and commercialization efforts for ThermoDox. Celsion provided positive updates on several of its innovations, which could be the reason behind the stock price increase.
Shares of the décor and furnishing retailer performed well this week. Pier 1’s stock was up by 2.58% during pre-market trading on Friday, following Thursday’s 23.56% surge.
Traders are turning bullish on Pier 1 Imports after the company hired a new CEO who they hope can right the ship.
Earlier this month, Pier 1 hired a bankruptcy veteran as the new CEO after struggling to record profits in recent quarters. Pier 1’s stock is up by more than 20% over the past two weeks and could be set to go higher.
International Game Technology is another stock to watch out for as it is up by over 23% over the last 24 hours. The stock, which is now trading at $15.93 per share, has surged from early Thursday’s price of $13.67.
The shares jumped after the company reported a 3% increase in revenue during the third quarter of 2019. The surge in revenue was due to a rise in global gaming products sale. In the third quarter of 2019, International Game Technology’s revenue was $1.15 billion. The EPS for the quarter was $0.20 per share.
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The stock market is approaching a new high and corporate profits are surpassing expectations. Many companies are returning some of their earnings to shareholders by paying dividends. Stocks with dividends provide extra incentives for shareholders because they make regular cash payouts.
The ex-dividend date tells traders which day they have to be holding the stock to be eligible for a dividend. Ex-dividend dates usually land a few weeks before the actual payment is made. In order to qualify, you need to be holding shares on the open of the ex-dividend date, so you need to buy them the day before to qualify for the payment. After the open, you can sell your shares and still be eligible to receive the payment.
For more on the latest dividend stocks and other income investments, check out all of the Dork’s top stocks lineups. See our top picks for the best dividend stocks here, and be sure to check out the Dork’s best cheap stocks.
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These stocks all have ex-dividend dates slotted for tomorrow, so you have to buy them today and hold them through tomorrow’s close if you want to receive the payment.
Stocks with Dividends Paying Tomorrow
A total of 23 companies are paying stock dividends tomorrow. However, the following five have the best yields for their shareholders.
Stocks with dividends give shareholders more incentive to hold onto their shares. Dividends allow corporations to return some of their profits to shareholders.
Quad/Graphics has the highest dividend yield of all the stocks with an ex-dividend date tomorrow. This Wisconsin-based printing company currently trades for $4.28 per share. The company’s dividends yield 14.05% annually, and the next payment will be $0.15 per share.
The dividend payout comes barely two weeks after the company reported abysmal third-quarter earnings. Quad saw its third-quarter sales drop to $944 million from $974 million in the same quarter last year.
Kenon Holdings takes the number-two spot. It’s scheduled to pay $1.21 per share at its next dividend. Extrapolated annually, that adds up to a 10.32% annual dividend yield. The utility company is rallying as it approaches its ex-dividend date, it gained 2.3% in the pre-market trading session on Thursday.
The board of directors approved approximately $65 million payable to shareholders of record as stock dividends. The company is set to retain $28 million after stock dividend payments to tend to their cash needs.
Wayside will issue a stock dividend of $0.17 per share, yielding of 5.02% annually. Wayside’s stock is up by roughly 1% this week and could climb higher over the coming days.
The ex-dividend date comes barely ten days after the company reported its second-quarter earnings. Wayside reported a revenue increase of 9% to $52.4 million in Q2, higher than the $47.9 million recorded same time last year.
Ryder’s ex-dividend date is also tomorrow. The company will pay out $0.56 per share with a 4.09% yield. This makes it the fourth-most highest dividend on deck for Friday. Despite its impressive yield, share prices tumbled recently and they’re down by roughly 8% since last week.
Ryder’s ex-dividend date is tomorrow, so traders holding shares at the open will be eligible to receive a $0.56 per share payout in a few weeks.
Ryder’s stock is expected to perform well in the coming weeks, with analysts rating it a ‘BUY’ from its previous average rating of ‘HOLD.’ The stock, which is trading at $51 on Thursday is expected to reach $65 per share.
The utility stock will name its dividend recipients tomorrow. Each will receive a payment of $0.62 per share in a few weeks. Projected annually, that’s a 4.01% yield. The stock currently trades for $61.91 per share, but it could spike on Thursday as investors try to get in for the ex-dividend date tomorrow.
Institutional investors are adding to their Southern positions. AlphaMark Advisors LLC bought an additional 516 Southern Co shares in the previous quarter. Similarly, Glassman Wealth Services increased its holding in the company by 10.5% in the third quarter of 2019 after buying 398 Southern Co shares.
Keeping track of stocks with dividends can help you discover more opportunities for yield. Building a strategy with dividend stocks is a great way to balance your portfolio with both income and growth.
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The stock market rally continued yesterday, despite the opening of public impeachment hearings of President Donald Trump. Instead, the market is focussing on the good vibes surrounding the US-China trade deal, and better-than-expected corporate earnings.
The impeachment hearing isn’t affecting the markets. It’s old news and the market never really seemed to care much in the first place. Stocks have been marching higher since the start of the week, and the rally could continue if the US-China deal continues to progress.
The best stocks to invest in aren’t always cheap, so they’re sometimes beyond the grasp of small-budget traders. If you’re looking for cheap stocks, be sure to check out our top penny stocks lists. (learn more about penny stocks here):
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Fed Chair, Jerome Powell told Congress on Wednesday that interest rates will remain steady for the foreseeable future. However, the market didn’t freak out. Investors are more worried about the US-China situation, but traders always listen closely when the Fed Chairman speaks. Investors will be keeping an ear tuned to Powell’s appearance in front of Congress, set for later Thursday afternoon.
The stock market is approaching a new all-time high due to positivity surrounding the US-China trade deal. Here are the best stocks to invest in this week.
Stocks are in the midst of a record-breaking rally that could hold through the end of the year.
Cardlytics is one of the best performers of the week. The stock is up by 43% percent since the start of the week, after rising from $39.64 per share on Monday to trade at $56.94 at the earliest trading hours of Thursday.
The massive rise in Cardlytics’ stock could be due to the earnings report released on Tuesday, November 12. Cardlytics surpassed revenue and earnings estimates for the third quarter of the year. The quarterly EPS was $0.03, surpassing the Zacks Consensus Estimate of a loss of $0.15. Also, earnings of $56.42 million exceeded analysts’ estimation by over 120%. Cardlytics’ stock has been soaring since then and could rise even further over the coming days as traders turn bullish on the stock.
Nortech Systems Incorporated is another stock that has performed superbly over the past three days. The stock had surged to $6.05 per share from $2.70 before retreating to the current price of $4.10 per share.
FuelCell was approaching insolvency a few months ago, but it recently secured $200 million worth of financing. Above: FuelCell presents its technology at a trade show.
The rally represents a weekly increase of roughly 50% in three days and could be set to rise higher as the market attempts to reach a new high. Similar to Cardlytics, the surge in Nortech’s stock could be attributed to its overwhelming success in the last quarter.
According to their Q3 data, Nortech generated net sales of roughly $30.1 million, which is higher than the $29.6 million obtained in the same quarter last year. The company’s EPS was $0.16, higher than last year’s $0.14 per share. Nortech’s stock might rally further before the end of the year as the company expresses optimism for the current quarter.
November has been a favorable month for FuelCell Energy so far. The company announced a strategic corporate loan to carry out projects earlier this month. Investors’ confidence in the stock is on the rise, which adequately supports its recent rally.
FuelCell’s stock is up by roughly 48% this week, having risen from $0.43 on Monday to trade at $0.85 on Thursday’s pre-market trading session. Earlier this month, FuelCell announced a new $200 million strategic corporate loan facility to help execute certain projects.
The company partnered with Orion Energy Partners, with the funds to be used for various FuelCell projects in the coming months. With such developments in place, the stock could rally further over the coming days and weeks.
The US stock market is approaching a new all-time high despite impeachment hearing against President Trump. For more weekly best stocks, and all the latest stock market news, follow The Dork on Facebook and Twitter. Also, don’t forget to sign up for mobile Dork Alerts to get all the latest hot stock picks, insights, and analysis delivered right to your cell.
The US economy has experienced a fabulous 2019 so far, with several sectors performing above expectations. Thanks to ultra-low interest rates, the housing industry is outpacing expectations. Real estate stocks allow investors to buy the sector without shelling out big bucks to purchase property. Housing demand is high and supply is low, so it’s a seller’s market. That’s great news for investors.
Real estate stocks tend to be low-volatility, steady movers. If you’re looking for more speculative stock picks, be sure to check out our top cheap stock rankings:
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The United States Federal Reserve (FED) recently lowered its interest rates for the third time this year. Rates as low as 1.5% are creating more demand for mortgages and lifting the housing market.
The real estate sector has performed well this year. Low mortgage rates helped create additional demand for new homes.
The reduced interest rates pushed U.S. mortgage applications to new highs last week, as many potential home buyers realize rates could be bottoming out. Many borrowers are rushing to take advantage of the low rates while they still can.
Mortgage applications surged by 9.6% compared to the last week of October. Also, an increasing supply of lower-end homes helped reduce the number of ‘bidding wars’ by 10%; down 39% from a year ago.
Real estate stocks notched positive returns this year, so far. Here are 3 of the best real estate stocks to buy now.
Kite Realty is a retail REIT company that has made significant progress over the past few months. KRG is up 28% year-to-date and still looks strong. It’s trading at $18 per share, as it recovers from its bearish trend in 2018.
Kite Realty’s stock continues to perform well despite the company’s earnings miss during the third quarter of 2019. Analysts also expect the company to underperform in the current quarter, leading to January 2020.
Kite Reality already met its high-end revenue target for the year with time to spare. The firm’s third-quarter report revealed that it’s on pace to beat its target by a significant margin this year.
The company is known for owning properties in high-growth markets, which are seeing an increase in demand at the moment. In October, Kite Realty revealed that it had achieved the high end of its 2019 disposition guidance, partially due to $502 million in assets sales since the start of 2019.
With the company achieving its target two months before the end of the year, Kite Realty could be headed for a big fourth quarter.
Equinix is a Real estate investment trust that’s been a solid performer since the start of the year. The stock opened the year trading at $350 per share but is up by 54% year-to-date.
Equinix’s stock closed Wednesday’s trading session up 1.79%. It could increase over the coming weeks if markets continue to rally.
The company published its quarterly earnings report on October 30th. Quarterly revenues increased by 9%, year-over-year, to reach $1.397 billion in the third quarter of 2019. Equinix’s EPS for Q3 was $1.41, which is 17% lower than the previous quarter. However, Equinix is expected to reverse the trend in the current quarter.
Equity Residential is another publicly traded REIT that is having an excellent 2019. The stock was trading at $63.76 per share at the start of the year but is up by 35% year-to-date to now trade at $84.87 per share.
Analysts expect the company to post favorable FY2019 earnings. According to analyst M. Lewis at SunTrust Banks, Equity Residential’s EPS could be $3.48, which is higher than the previous estimate of $3.43 per share.
Similarly, Jefferies Financial Group analyst J. Petersen, expects Equity’s EPS for 2019 to be $3.46. This figure is higher than their previous forecast of $3.45 per share.
Real Estate Stocks surprised many investors this year by performing better than expected. For more on real estate stocks, homebuilder stocks, and all the latest stock market news, follow The Dork on Facebook and Twitter. And don’t forget to sign up for mobile Dork Alerts to get all the latest hot stock picks, insights, and analysis delivered right to your cell.
It has been a brutal 2019 for cannabis stocks following its 2018 boom. Most cannabis stocks have lost a large chunk of their value since the start of the year. However, they could still end the year on a high.
Recreational and medicinal marijuana has been legalized in nine states in the US. More states are working on legalizing it, and this could be a big boost for the cannabis industry. With the US economy performing excellently in recent months, cannabis stocks could make a late rally in the next two months.
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The marijuana industry has been gaining a lot of attention and support from high-profile names over the past few weeks. In October, US Presidential candidate, Bernie Sanders, stated that he would legalize cannabis nationwide if elected as president.
A strong presidential aspirant supporting the legalization of marijuana is a big plus for the industry. On Friday, November 8, former NBA Commissioner David Stern noted that the NBA’s ban on cannabis is outdated.
He urged the league to reconsider their position in the next collective bargaining agreement. According to Stern, the NBA should look at marijuana in a new light.
Another high profile name to be recently associated with cannabis is Drake. The musician recently partnered with the Ontario-based marijuana company, Canopy Growth, as they seek to expand their celebrity portfolio.
After a rough few months, cannabis stocks are starting to gain momentum over the last few weeks.
The cannabis industry has had an exciting few weeks, with mixed performances from the stocks. Here are the top 3 cannabis stocks to trade this week.
Canadian cannabis company, Canopy Growth is one of the leading companies in the industry. The stock has lost 32% of its value year-to-date, having recovered some of its value over the past month.
On Thursday, November 7, the company announced that it has partnered with musician Drake to launch its ore Life Growth Co. brand. The company is looking to expand its celebrity portfolio, after adding Martha Stewart to serve as an advisor.
The addition of Drake means that Canopy Growth now works with the musician alongside Martha Stewart and Snoop Dogg.
Canopy Growth recently teamed up with recording personality Drake to promote its products, as part of a marketing pivot towards influencers.
Canopy Growth is set to release its quarterly earnings on Thursday, November 14. MKM Partners lowered its quarterly estimate for the company. The analyst expects net sales for Canopy to drop by 18% during the last quarter.
While the company’s stock is still down, the recent recovery could indicate that it could surge higher before the end of 2019. The stock plunged by 5.17% on Tuesday’s trading session and is currently down by 1.09% at Wednesday’s pre-market trading.
Aurora Cannabis is one of the cheapest marijuana stocks currently trading on the market. The stock is down by more than 50% since the start of 2019 but represents a good buy due to its price and potential.
Aurora’s stock is up by 0.84% after Tuesday’s trading hours and could surge higher over the coming days. Aurora will release its quarterly earnings report on Thursday, November 14. Aurora is expected to deliver excellent results due to its significant international operations.
CEO Michael Singer recently stated that the company has big plans for the US market. The company expects a massive increase in sales in the United States over the coming quarters. Aurora’s stock has recovered some of its value over the past month. It could go higher if the company delivers better-than-expected Q1 results.
Cronos is another cheap cannabis stock. Similar to the others, Cronos’s stock had a rough 2019. However, it rebounded over the last month and was up by 0.51% in pre-market trading on Wednesday.
The company reported its Q3 revenue on November 11, and it was below analysts’ estimation. Cronos reported an EPS loss of $0.02, which is lower than the Zacks Consensus Estimate of a loss of $0.03. The revenue generated in the quarter was $10.10 million, which also missed the Zacks Consensus Estimate by 3.05%.
Despite its underperformance, Cronos remains one of the most influential cannabis stocks to buy at the moment.
Cannabis stocks bounced back over the past month, after stumbling in spring. For more on marijuana stocks and all the latest stock market news, follow The Dork on Facebook and Twitter. Also, don’t forget to sign up for Dork Alerts to get all the latest hot stock picks, insights, and analysis.
Quality AI stocks are hard to find, despite the growing popularity of the technology. However, Experts believe that the age of AI is upon us. Gartner, a research and consulting firm, forecasted that the AI industry could create up to $3.9 trillion in business value over the next three years.
Only a few pure-play AI stocks trade on public markets. Many of the leading companies are closely guarded private holdings. But many companies utilize AI technology to improve their systems and make their businesses more efficient.
Many experts believe that the mass adoption of Artificial Intelligence technology will lead to a fourth industrial revolution and an unprecedented economic expansion.
Micron is a big player in the AI sector. Many of its products are built to support AI systems. In October, Micron launched its first 3D Xpoint SSD, the X100. The X100 is three times faster than the most recent NAND Flash-based SSDs, and it’s ideal for running high-powered AI applications.
The company recently bought the 3D Xpoint fabrication plant, and it’s using its new assets to manufacture and improve other products. For example, Authenta is a security key for IoT-enabled devices, and Crucial is the company’s first portable consumer SSD.
The stock is up by 41% year-to-date and could surge even higher due to its recent acquisition of FWDNXT, a startup that provides integrated hardware and software solution for edge AI applications.
Salesforce is also investing heavily in AI. The cloud computing company recently launched its Einstein Analytics platform, enabling users to develop customized, AI-powered apps.
Many institutional investors believe Salesforce is a long-term winner. In fact, many of them recently increased their stake in the company. Alps Advisors Inc. increased its holdings in the company by 47.9%. Meanwhile, Front Barnett Associates LLC (4.2%), Montag A & Associates Inc. (16.5%), Manchester Capital Management LLC (131.2%) all added to their Salesforce stakes during the third quarter.
The stock is up by 19% since the start of 2019. After entering the year at around $135.55, shares traded for $161.78 per share as of Monday’s close.
Adobe Systems is a computer software company that is pioneering AI research. The company recently introduced various AI products and services. The stock is down by 0.031% after trading hours on Monday but has performed well since the start of 2019.
Adobe is a leading innovator of cloud-based solutions and they’re pushing hard to develop cutting-edge AI technology.
The company recently released a new smartphone app, Photoshop camera. The app uses AI to automatically edit photos, and Adobe aims to boost its exposure by offering more mobile options.
Adobe also partnered with IBM iX on a “Design System as a Service” offering. DSaaS will use AI to help enterprises manage their design systems. If the firm continues to develop cutting-edge AI products, it could continue its upward trend through the end of the year.
The Washington-based tech giant, Microsoft, recognizes the future of AI in the global economy, and they’re going big on the technology. In another step towards AI development, Microsoft recently acquired Maluuba, a Canadian AI firm.
Microsoft’s CEO, Satya Nadella, says the company wants to expand the use of AI and make it readily available for mass adoption. It’s targeting industries like education, manufacturing, and healthcare. Microsoft’s stock has been a steady performer for years, and it touched a high of $146 per share in 2019.
Chinese search engine giant Baidu is one of the leading developers of AI. It’s pushing hard to gain a competitive advantage over competitors, like Tencent and Alibaba. The company invested over $2.9 billion on R&D over the past three years, with a bulk of the money going to AI application.
The company recently committed $202 million to AI firm Neusoft Holdings. The investment will boost its AI presence in sectors like healthcare and IoT. Baidu’s stock is up by 0.025% at Tuesday’s pre-market hours and could be set for a favorable week.
If you’re looking for cheap stocks, you should check out The Dork’s best penny stocks. These are the top cheap stocks we’re watching this week. Click here to see the picks:
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Internet of Things (IoT) is recognized alongside blockchain technology and artificial intelligence as the technologies of the future. IoT stocks could be one of the biggest investment opportunities of the next decade.
This industry is one of the fastest-growing in the world. Many companies use IoT technology to connect mobile devices, computers, home appliances, and other smart systems.
According to Statista, the IoT industry could reach a valuation of $1.7 trillion by 2019. The space is growing at a fantastic rate, so investors are looking to get involved now.
IoT could be one of the important tech revolutions of our time. According to Statista, the global IoT market grew to over $1.7 trillion in 2019.
The semiconductor industry has been crucial to the growth of IoT as companies in the sector use the technology in manufacturing their products. The IoT stocks experienced a tough couple of weeks but are slowly recovering. Here are the best IoT stocks to buy now.
NXP Semiconductor has been one of the best-performing stocks in the IoT industry since the beginning of 2019. The stock is currently trading at $118.26 per share, up by 57% year-to-date, and could rise even higher in the next two months.
The company provides a wide range of IoT solutions such as Rapid IoT Prototyping Kit, IoT Gateway Solution, and i.MX Applications Processors. NXP’s work in chips for automotive, consumer, and industrial usage means that IoT plays an essential role in their products.
Late last month, NXP reported its third-quarter 2019 earnings, and it surpassed analysts’ expectations. The EPS was $2.42, which is higher than the $1.93 estimated by most analysts. Their quarterly revenue of $2.27 billion surpassed the consensus estimate of $2.24 billion.
Qualcomm’s stock was down by 0.044% in pre-session trading on Tuesday, following Monday’s loss of 2.33%. This could be a perfect time to buy the stock. Qualcomm performed excellently in 2019 and its upward trend is still intact.
Qualcomm manufactured and shipped over one billion IoT devices so far. The firm offers turnkey IoT solutions to companies around the world. Its latest 5G-compatible Snapdragon processor will also boost its IoT market share.
In October, Qualcomm partnered with Microsoft to design mobile hardware for Azure’s IoT operating system. The company also launched its 9205 LTE modem recently, its newest IoT component. The chipset will allow devices to reliably maintain steady network connections.
Another semiconductor company, Skyworks, focuses on cellular IoT solutions. Their mobile solutions are popular in the IoT sector because they facilitate highly-efficient, reliable long-range connectivity.
The company will release its fourth-quarter fiscal 2019 report on November 12. Skyworks is expecting a revenue between $815 million and $835 million. Wall Street estimates that revenues will decline by 18.2% from its fourth-quarter earnings last year.
Despite the possible revenue decline, Skyworks performed well over the past few days and gained 2% since the start of November. The stock could surge higher over the coming weeks if the U.S. and China reach a preliminary, ‘phase-one’ agreement, especially if tariffs are scaled back.
AT&T is one of the leaders in the race for 5G deployment, which is vital for the mass adoption of IoT systems. Although it is hard to predict who be first to market, AT&T seems like a strong candidate to be among the early adopters. In addition, it has an excellent dividend that currently yields around 5.1%.
AT&T could be one of the first large networks to deploy wide-scale 5G. Some IoT devices need reliable 5G networks before they can be fully deployed.
AT&T is actively involved in the development of smart and efficient cities. The AT&T IoT platform is enabling cities to leverage the power of near real-time information to develop cleaner, safer, and more efficient cities.
Recently, AT&T partnered with Vodafone Business. The partnership saw the two companies open up access to their NB-IoT networks, allowing customers to easily create massive IoT deployments.
This company had an excellent 2019 so far, and it could continue its run if the market continues to rally. AT&T also pays an excellent dividend yield.
IoT technology is taking center stage in the 5G and semiconductor industries, and companies are bolstering their products and services to break into the market. For more on IoT stocks and all the latest stock market news, follow The Dork on Facebook and Twitter. Also, don’t forget to sign up for Dork Alerts to get all the latest hot stock picks, insights, and analysis delivered right to your inbox.
The holiday season is upon us. While most people are thinking about getting the latest gadgets, traders are shopping for the best tech stocks. Now is the perfect time to buy the companies that have a strong outlook for holiday sales.
Tech stocks have been performing excellently since the start of this rally. They helped lift the NASDAQ Composite, S&P 500, and DIJA to new highs last week. But should you be buying? These are the top tech stocks on our Christmas list this year.
Tech stocks have had a fantastic 2019 so far, in spite of the ongoing trade war between China and the United States. The Technology Select Sector SPDR Fund (XLK), which tracks 68 of the leading tech stocks, is up by 37% since the start of the year. In fact, tech stocks are out-performing the S&P 500 this year, which is only up 23% year-to-date.
Over the past few weeks, news coming out from Washington and Beijing suggests that a phase-one trade deal is drafted and ready to sign. A deal could result in tariff roll-backs on both sides. The de-escalation of tensions between the world’s two largest economies helped lift stocks to new highs, and tech stocks are leading the way.
With tech stocks performing well over the past few weeks, here are a few stocks you should consider buying before the holiday season kicks off.
The holiday season is usually good for ride-share companies. Many party-goers and travelers will rely on Uber for transportation, and it could result in better revenues for the firm.
The ride-sharing company, Uber has had a not-so-great 2019 by industry standards. The stock has been on a bear market since the start of the year due to challenges in several aspects of its businesses.
However, the stock might perform well before the end of the year. Historically, the holiday period is kind to ride-sharing revenues. Many people travel or party for the holidays, and those people need rides. It could result in increased demand for Uber rides. This trend could play into Uber’s hand.
Additionally, Uber could be coming off of a bottom. The stock sold-off last week after its post-IPO lock-up agreements expired, causing share prices to hit an all-time low. The market is very down on this stock right now, perhaps too down. If it gets low enough, buyers will start to coming back in. Just a little bit of good news could send this high-powered growth stock into a rally.
Retail giant Amazon has had a positive year so far, but it has underperformed the S&P 500. The stock is currently trading at $1,785 per share but could be set to surge higher as spending picks up for the holidays.
According to Adobe data analysis, U.S online sales could reach $143 billion this holiday season, and Amazon is in prime position to capture a substantial share of the market. The company didn’t live up to Wall Street’s expectations in its last earnings reports, but share prices recovered since then.
Amazon will be a major player in the retail space this holiday season. The company could take a significant portion of the forecasted $143 billion Americans are expected to spend on retail this holiday season.
The company is expecting a revenue of $80 billion-$86.5 billion in the fourth quarter of the year, which is below analysts’ expectations of $87 billion. However, Amazon is sure to be a major player this holiday season.
The software sector experienced a sell-off in recent weeks, but Fortinet earnings told a different story. The company topped Wall Street estimates in its latest earnings report. The software company recorded a net income of $79.8 million in the third quarter of the year, 35% higher than the $58.7 million it reported during the same time last year. Revenues also increased by 20% YoY to $547.5 million last quarter.
The company’s excellent performance is attracting institutional investors. Janney Montgomery Scott LLC, State of Alaska Department of Revenue, Parallel Advisors LLC, Cavalier Investments LLC, and a few other firms recently increased their stakes in the company.
Tech stocks led markets higher over the past few weeks, and they’re showing no signs of slowing down. For more on tech stocks and all the latest stock market news, follow The Dork on Facebook and Twitter. Also, don’t forget to sign up for Dork Alerts to get all the latest hot stock picks, insights, and analysis delivered right to your inbox.
Stocks are heating up for the holidays, and so are penny stocks. The bulls are running the market right now and it seems headed for a nice close to the year. When sentiment is this high, it’s a good time to start looking at the best penny stocks. Investors are on the hunt for returns and that’s creating more demand for higher-risk assets, like penny stocks.
The major stock averages ended last week on a high note, closing in on new record highs. US-China trade talks continue to progress and the good vibes are lifting the markets. The S&P 500 was up by 0.25% last Friday, and healthcare stocks and tech stocks were some of the leading performers.
The Dow Jones Industrial Average was also up on Friday, with Disney leading the way. The NASDAQ Composite was the day’s biggest winner, notching 0.5% gains to end the week at 8,475.31 points.
President Trump will give a speech at the Economic Club of New York on Tuesday, and the market will be listening for any trade talk tidbits. Meanwhile, Fed Chair Jerome Powell is scheduled to address the Congress this week and he could offer insights into short-term Fed policy.
As the rally continues, some penny stocks are attracting a lot of attention. These are our best penny stocks picks for this week.
As the market heats up, the appetite for higher-risk assets does too. Risk-on rallies are an excellent climate for penny stocks, so it could be a good time to go shopping for cheap stocks.
Urban Tea had a wonderful week. It closed Friday’s session at $0.78 per share, marking a 14.71% gain in 24 hours. The stock has been running hot as of late, rising by roughly 50% since the start of November.
Last week, Urban Tea announced that it completed its acquisition of a 51% equity stake in Hunan 39 Pu Tea Co., Ltd. The merger has the potential to increase the efficiency of tea production, distribution, and R&D for Urban Tea. It could help the company cut costs and capture more market share. Investors applauded the acquisition.
Urban Tea gained 115% in October and it’s expected to perform excellently this month.
Milestone Scientific has been one of the best penny stocks this year. Over the past six months, the stock has surged by roughly 200%. Despite losing 1.79% of its value during Friday’s trading session, the stock still trades above the $1.10 mark.
In August, Milestone Scientific entered a distribution agreement with Paragon Care Limited. Paragon Care, which is a leading manufacturer of healthcare equipment and devices in Australia, will handle the distribution of CompuFlo Epidural System in the country. The device is used in roughly 300,000 births in Australia annually.
Milestone Medical entered into a distribution agreement with Paragon Care to supply the Australian market with its CompuFlo Epidural Instrument (pictured above). Shares of Milestone Scientific are up over 200% in the past six months.
The stock has enjoyed a sustained rally over the past few months and the trend looks favorable for the month ahead.
Aclaris is another penny stock starting November on a positive note. The stock surged by 15.38% on Friday’s trading session but gave back 2.56% in after-hours trading. Despite the pull-back, it remains one of the best penny stocks on the market.
This biotech stock performed well despite missing consensus estimates in its last quarterly earnings report. The firm reported an EPS of $1.34 for the previous quarter, which is below analysts’ expectations. Revenues of $0.98 million also fell well short of consensus estimates, which expected $5.87 million in the quarter.
Despite the weak earnings report by Aclaris, the stock has been performing excellently in recent weeks and is expected to follow that trend in the coming week. This price action around earnings indicates that traders aren’t giving up on this stock and it supports the bull case for this stock.
Cheap stocks could be a great way to capitalize on a market rally and enjoy the massive gains attained by penny stocks.
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Following the meteoric rise of cannabis stocks last year, most people expected the rally to continue into 2019. Instead, marijuana stocks entered a bear market and underperformed for most of the year.
Most cannabis stocks took a hit during the vaping crisis. However, some are rebounding and gaining momentum. This sector won’t match last year’s performance, but these down-and-out stocks could still end up finishing the year on a high note.
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The cannabis industry is enduring a rocky 2019, despite more state legalizations in the US. However, the industry got a lift late last month when 2020 Democratic presidential candidate and socialist Vermont senator, Bernie Sanders, said he plans to legalize marijuana at the federal level if he is elected.
Sanders stated that he would direct the Justice Department to declassify marijuana as a controlled substance if he assumes office. He would also include a tax that would help fund his economic development initiatives.
Despite the current bear market, some cannabis stocks have been performing well. Let us take a look at the top marijuana stocks to trade today.
Greenlane sells cannabis / CBD accessories. Above: A Greenlane store showcases some of the companies most popular products.
Greenlane is a global seller of premium cannabis accessories, CBD, and liquid nicotine products. The company’s stock has been on the rise over the past few days as it is expected to announce its quarterly results on Friday, November 8.
Greenlane’s stock was up by 3.56 percent during yesterday’s trading hours. It started the day trading at $3.93 but surged higher to end the day at $4.07.
Market analysts expect Greenlane to announce earnings of $0.06 per share for the last quarter. The surge came 24 hours after the company announced an exclusive distribution agreement with Santa Cruz Shedder.
Greenlane’s stock is down by roughly 80 percent YTD. However, it appears to be on the rebound.
Cronos is a Canadian-based cannabis company that trades on both the NASDAQ and the Toronto Stock Exchange. The company’s stock is up by 1.86 percent over the past 24 hours. It was trading at $8.16 at the start of Tuesday’s trading session but ended the day trading at $8.23.
The stock went up following the IPO of Cronos Australia, a cannabis company in Australia jointly owned by Cronos and local private equity firm, NewSouthern Capital. Cronos now trades in Canada, the United States, and Australia, making it one of the largest cannabis companies in the world.
Cronos is also set to release its quarterly earnings on November 12. Market analysts expect the company to report a quarterly loss of $0.03 per share. The stock price could surge if the earnings come out better than expected. Experts expect revenues to reach $10.99 million, a 281.6 percent increase from the same quarter last year.
Three major hedge funds added to their stake in Organigram, and shares are starting to pick up steam. Above: A machine processes cannabis at an Organigram facility.
OrganiGram had a torrid 2019 but recently rebounded to notch record gains over the past few days. OrganiGram’s stock is up by 5.83 percent over the past 24 hours, ending Tuesday’s trading session at $3.45.
The stock has been performing excellently over the past couple of days as more hedge funds increase their position in the company. More hedge funds are bullish on the stock, with Ardsley Partners increasing its stake to $6.4 million by the end of the second quarter.
Ancora Advisors, Springbok Capital, Diametric Capital, and Rima Senvest Management, have also increased their positions in the stock. The company has been rapidly boosting its production capacity, aiming to produce up to 113,000 kilograms of product per year before the end of 2019.
Marijuana stocks have been struggling since the start of the year, but a few of them are starting to turn things around. Stay tuned to the Dork to keep track of the top marijuana stocks to trade. Follow us on Twitter and Facebook for trending stock market news, and don’t forget to sign up for Dork Alerts to get all the hottest stock picks, insights, and analysis delivered right to your inbox.
Semiconductor stocks are rallying. Experts believe the market could close 2019 with a strong performance. Renewed optimism surrounding the US-China deal had a significant impact on the performance of this sector.
Slowing sales of mobile phones and other devices plagued the industry over the past few months. Continued trade tensions between the United States and China contributed significantly to the slowdown.
However, with a phase-one China trade deal in the works, the market sentiment towards semiconductor stocks is swinging rapidly. These stocks are on fire right now and there’s no end in sight.
Chip stocks could end the year with a bang. On Friday, White House adviser Larry Kudlow pointed out that President Trump is very optimistic about reaching a trade deal with China. According to Kudlow, the two countries are on track to complete Phase One of the agreement, and they will likely sign the trade deal before the end of the month. This news has lifted chip stocks, the semiconductor sector been a solid performer over the past few days.
Wilbur Ross, U.S. Secretary of Commerce, is optimistic that a phase-one trade deal could be signed as soon as next month. Above: Ross is photographed at a meeting of top Chinese and American diplomats.
The Secretary of Commerce, Wilbur Ross, recently stated that the ban on Huawei could be lifted soon. The federal government could begin allowing U.S. businesses to work with Huawei as part of the Phase-One deal. This is positive news for the semiconductor industry because many companies prefer to use Huawei’s affordable hardware.
With these exciting developments, semiconductor stocks have been performing excellently. Let’s take a look at the best semiconductor stocks to trade for the week.
Chipmaker Marvell Technology (MRVL) is rallying this week and it’s expected to surge higher before the end of the week. The stock was up 5% in the premarket session on Monday, November 4. By the end of yesterday’s trading session, MRVL was up by 6.6%.
The stock has been trending upward over the past few days and the momentum has carried it through several sessions. Wells Fargo Analyst Gary Mobley recently upgraded Marvell to “outperform” from “market perform.” He also increased his price target from $25 to $32 per share. Mobley believes the company’s 5G investments are close to paying off.
Nvidia is finally back above $200 per share and could be on track to close the year with a strong performance. Above: Nvidia GTX980 GPU.
Similar to Marvell, Nvidia is benefitting from the ramp-up of its 5G business. As a result, its strong momentum could carry through to the rest of the week. Nvidia’s stock (NVDA) closed Monday’s session at $210.50 per share and capped off a 3.9% move over the last 24 hours. In addition, NVDA experienced a massive surge over the past 30 days. On October 7, shares were as trading for $184.33 but, after an epic rally, they’re currently at $210.50.
Nividia recorded poor sales in its cryptocurrency business last month. Now, it’s looking to its other businesses to pick up the slack. The chipmaker is planning to expand its operations in the AI sector, including implementation in supercomputers, smartphones, cloud services, and data centers sectors. Nvidia is also working to capture more market share through its data center business. Nvidia’s partnered with Microsoft in August to provide RTX ray-tracing technology for use in Microsoft video game consoles, and that arrangement also contributed to Nvidia’s recent rally.
Wall Street expects Nvidia’s revenues to contract by 8% in the third quarter, year-over-year, and consensus earnings estimates predict and EPS decline of 12% over last year. Analysts expect revenues to return to stable growth next year.
Greensboro, N.C.-based chipmaker, Qorvo, rallied along with the rest of the hot semiconductor stocks this week. The chip manufacturer released a better-than-expected earnings report last Thursday, and share prices rallied over 20% as a result. Qorvo 5G wireless business was the star of the show. The company is capturing more market share and it’s beginning to emerge as a leading player in the 5G smartphone chip sector.
Qorvo forecasted revenues between $840 million to $860 million for the next quarter, well above Wall Street consensus estimates of only $758 million. The company is benefiting from increased demands for mobile chips, including its very promising 5G business.
Chip stocks are on fire, so stay tuned to the Dork to keep track of the best semiconductor stocks. Follow us on Twitter and Facebook to keep up with all the latest stock market news. Plus, get hot stock picks delivered right to your inbox with FREE Dork Alerts. Click here to sign up now.
Halloween is over and we are officially entering the holiday season. Between friendly central bank policy and stronger-than-expected earnings, the market could be headed for a strong performance to close out the year. Stocks are down slightly since they set record highs earlier in the week, but the upward trend remains intact. The major indices are currently in positive territory, and pre-market movers are breaking out.
These pre-market movers are in the spotlight this morning.
Installed Building Products reported a record-breaking quarter on Friday, and its stock was active in pre-market trading. Above: IBP rings the bell at the New York Stock Exchange
This construction stock announced a record-breaking third quarter this morning. Net income grew by 36% since the same time last year, and net revenue was up over 13% year-over-year. IBP’s non-insulation revenue and commercial construction revenue helped fuel the company’s best quarterly EBITDA performance it’s ever had. EBITDA for the third quarter came in at $55.9 million, a year-over-year gain of 28%.
IBP Chairman and CEO, Jeff Edwards, is confident that the company is in a good position. “Our strong capital position, combined with our compelling operating cash flow, provides us with the financial flexibility to support our growth strategies and pursue acquisitions that continue to expand our geography and diversify our end-products and end-markets,” he stated in a company press release.
Small-cap homebuilder stocks, like IBP, could be a great way to play the booming real-estate market. It’s a seller’s market right now, so there will be a lot of work going around for homebuilders, and small-cap stocks have more potential for growth than the larger, more established companies.
This Chinese e-commerce titan is one of the biggest names on pre-market movers this morning. Baba posted a sizeable beat on its quarterly report today. Revenue of US$16.91 billion for the last quarter was up 39.7% from the same time last year, topping consensus estimates by 1.9%. That might not sound like much but, remember, this is a massive company. That 1.9% beat equals an additional US$300 million in revenues.
Alibaba posted a double-line beat in its quarterly report, with strong growth in its cloud computing business. Above: Alibaba founder Jack Ma at a company event.
Baba is becoming a bigger player in the cloud computing industry as well. The company’s cloud business grew by a staggering 64% YoY and generated over US$1.32 billion in revenues for the company last quarter. Alibaba reported 785 million mobile monthly active users. Net earnings for the quarter also topped estimates, with EPS of US$1.83 beating the consensus forecast of US$1.52.
Despite the ongoing trade conflict with China, Alibaba’s stock held up better than other Chinese companies this year. It’s up 29% for the year, outperforming both the S&P500 and Amazon.com (AMZN). This could be a great stock to pick up for the long-term. Once the trade conflict cools off, BABA shareholders could see a significant pop.
Shares of Newell Brands are on the move this morning after the company reported better-than-expected earnings and revenues in the third quarter. The branded consumer product firm’s double-line beat rallied the stock and it’s currently holding at a 4.6% gain in early pre-market trading.
The company behind well-known brands like Sharpie, Rubbermaid, and Yankee Candle failed to turn a profit in the third quarter, but its losses were narrower than Wall Street expected. Newell lost $625.8 million over the last quarter, equalling losses of $1.48 per share. That might sound awful but it’s nothing compared to Q3 2018 when the company lost over $7.3 billion for negative EPS of $15.52 per share. However, last quarter’s losses resulted from over a $635 million impairment charge this last year. Newell’s adjusted earnings, which don’t include one-time losses, showed a profit of $0.73 per share, beating Wall Street’s adjusted earnings estimate of $0.55 per share. Overall, the performance topped expectations, but sales were still down 3.8% from this time last year.
The company is betting that the turnaround will continue. Newell raised its 2019 sales guidance to $9.6 billion from its previous forecast of $9.1 billion. It also upped its EPS guidance to $1.63 from $1.50.
Stay tuned to the Dork for all the hottest pre-market movers. Follow us on Twitter and Facebook to keep up with all the latest stock market news, and don’t forget to sign up for Dork Alerts to get all the hottest stocks, insight, and analysis delivered right to your inbox.
After yesterday’s quarter-point interest rate cut, the Fed’s benchmark interest rate is down to 1.5%. Bond yields have completely tanked since the beginning of ’19, and some investors are desperately searching for better-yielding, low-risk assets. Many investors are looking to REIT stocks to compensate for lower bond yields.
In an low-rate environment, real-estate investment trusts (REITs) start to look attractive. REITs trade on the open stock market, so there are few barriers for traders who want to start investing. These assets offer some of the highest yields on the market, with many paying out over 5%. Most REITs center around a particular category of real estate.
Since these companies get most of their earnings from rent payments, their businesses tend to be remarkably stable. However, don’t underestimate how much REITs can fluctuate. While these assets tend to be less volatile than traditional stocks, prices can still move drastically over time. Once they understand the associated risks, yield-seeking investors should watch these high-yield REITs.
Cell Phone Towers
American Tower Corp. was one of the hottest plays on 5G this year. This firm owns cell phone towers and other telecommunication infrastructure, and It leases its properties to providers like AT&T (T) and Verizon (VZ). This one started rallying early in the year, as traders anticipated big infrastructure spending from telecom companies building out their 5G networks.
Currently, this REIT isn’t yielding very much because its had such a good year. Share prices are up 41% over the past 52 weeks and that’s a pretty spectacular performance for a REIT.
Annual Dividend Yield: 1.75%
Warehouses
This is one of the leading warehouse REIT stocks on the market. This company owns and leases warehouse space and – in case you haven’t heard – warehouses are the hottest properties in real-estate this year. Companies are spending big to bolster their e-commerce business, and a large part of that spending is going into last-mile delivery centers near major metropolitan areas. As a result, warehouse property is in high demand, and the outlook for the future remains strong.
Growth potential is high for this stock but, as a result, yields are aren’t as high as some of the other high-yield REITs. However, this company’s growth seems pretty stable and there is a good chance that shareholders will get solid gains to go along with their dividend payments
Annual Dividend Yield: 2.42%
Many experts believe shopping malls are going extinct, but long-term investors might see an opportunity for these down-and-out assets. Above: Simon Property Group is one of the largest shopping mall owners in the U.S.
Retail Space / Malls
If this name sounds familiar, you’ve probably seen it somewhere at your local mall. This company has a vast portfolio of large indoor malls across the U.S. However, the outlook for these types of properties is not great, so this stock hasn’t performed well over the past year. It’s in the midst of a long-term down that began about 12 months ago. Shares are down over 15% this year.
Smart investors don’t always go with the crowd. If you think the ‘mall massacre’ fears are overblown, you can get in this one for cheap. At the very least, the company is financially stable and pays a decent dividend.
Annual Dividend Yield: 5.56%
Hotel REITs can be a great option for playing a booming consumer economy. Above: The St. Regis Hotel in Dubai. St. Regis rents some of its properties from HST.
Luxury Hotels
This company owns high-class hotels and resort properties across the U.S., along with five international properties. It leases its properties to classy hotel operators like Ritz-Carlton, St. Regis, and more. It has 83 properties across 50 major markets. Hotel REIT stocks are a popular way to play
Value investors will appreciate Host’s discounted P/E and high dividend. HST is down over 10% for the year, but earnings are projected to grow in the second quarter and the dividend yield is attractive.
Annual Dividend Yield: 4.80%
Healthcare / Senior Housing
Healthcare REIT stocks usually center around hospitals, but Senior Housing is a specialized play on the senior housing market. The company owns medical offices, senior living communities, and wellness centers throughout the U.S. America’s baby boomers are aging and experts expect there will be a huge influx of demand for senior housing. Many real estate investors believe that senior housing will be one of the hottest corners of the market in the near future.
Despite the sunny outlook, this company has its issues. This firm is having problems turning a profit. The company posted negative earnings in two of the last three quarters, and share prices nose dived as a result of the misses. However, the declines make this REIT more attractive for long-term value investors.
Annual Dividend Yield: 6.05%
Self-storage is in high demand amongst Millenials and other younger Americans. Above: A Public Storage facility.
Self Storage
Americans like to buy stuff and many are renting extra space to store their accumulated treasures. The outlook is strong for self-storage companies, and Public Storage is one of the leading companies in the industry. Demand for storage space remains strong in the U.S., especially among Millennials.
Public Storage pulled back in September, and its been trending downward ever since. It might not be the best time to pull the trigger on this one, but keep an eye on it for signs that the trend might be turning positive.
Annual Dividend Yield: 3.58%
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October was a brutal month for marijuana stocks. The entire sector declined dramatically this month. However, the sell-off could be a buying opportunity for savvy traders. Many of these beaten-down pot stocks have bright futures ahead of them, so now could be a great time to get in for cheap. Here are some of the weed stocks that could be worth grabbing for cheap.
This former Wall Street darling could be a good candidate for a long-term buy. Cronos is one of the leading Canadian pot stocks, but it got blasted with the rest of the market over the past few months. Despite the losses, shares are still up over 18% through the last 12 months.
CRON’s monthly candlestick chart is forming a Doji for October, indicating a possible trend reversal.
Technicals could indicate that CRON is ready to rally in November. It looks like a Doji is forming on the one-month chart. Trading volume also picked up during the month. Sometimes, Dojis preceded a trend reversal, so it could be a sign that CRON is ready to come out of its funk. Keep an eye on this one in November.
Aphria held up better than most of the other marijuana stocks during Bloody October. The company reported its second consecutive quarterly mid-way through the month. Shares popped on the news, but the gains didn’t hold for long. Aphria is down over 8% from its post-earnings bump.
Unlike many of its classmates, Aphria is operating a profitable business. That’s probably the reason the stock held up comparatively well in October. However, profits were not enough to spare Aphria from the widespread bearishness plaguing the cannabis sector. Despite these declines, many analysts still maintain a positive opinion on the company. 58.3% of the 12 analysts that cover the stock rated it as ‘buy’.
Many cannabis companies are making moves to expand into the American CBD market in order to sustain growth.
Aurora is Wall Street’s new favorite pot stock. Out of the major Canadian firms, Aurora looks to have the most stable future ahead. Canadian demand for legal cannabis hasn’t been as strong as anticipated, and that’s driving a lot of the selling in the sector. However, Aurora is already planning to supplement it’s stagnating growth in Canada by expanding to new markets.
During its fourth-quarter earnings call, Aurora highlighted its plan to enter into the U.S. CBD market. The company already took its first steps toward the U.S. CBD market in July, when it entered into a clinical research partnership with UFC. Aurora also entered into an exclusive agreement with Greenlane Holdings for its Storz & Bickel vape products. Full-scale U.S. legalization still seems to be years away, but Aurora’s entry into the American CBD market lays the groundwork for an eventual expansion into the U.S. cannabis market.
One of the only American marijuana stocks on today’s lineup, Charlotte’s Web grows hemp and produces CBD products in the United States. The pot stock sell-off affected cannabis and CBD stocks alike, but the outlook remains high for the U.S. CBD market. This divergence between price action and CW’s fundamental outlook could create an excellent opportunity for long-term investors. CW is the market leader in the American CBD market so it’s one of the best candidates for investors seeking exposure to space.
CW has been in a funk since it reported a miss on its quarterly earnings estimates in August, but revenues are still growing substantially and the company’s long-term trajectory remains solid. The firm reported revenue growth of 45% on its report, which would an excellent growth rate for most companies. However, Wall Street was expecting the company to maintain its explosive growth rate from earlier in the year, so the earnings miss created some bearish sentiment towards the stock.
The U.S. CBD market is expected to grow to $23.7 billion in annual sales by 2023, according to Brightfield Group. As the market leader in the CBD sector, CW could be in line to capture a large share of that market. Long-term, there are no obvious problems with this company and many analysts who cover the stock maintain a positive long-term outlook.
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Higher-than-average trading volume hints that something is going on with a company or stock. A lot more shares are trading than usual, and that could be a sign that a big move is coming. It also could signal that something has fundamentally changed with the outlook for a stock. Stocks can trade with unusual volume for a variety of reasons, and most are worth noting. These are today’s most active stocks and our best guess why volume is picking up. If you own any of these stocks, take note
Tiffany received a rescue bid from Louis Vuitton that could potentially save the luxury retailer from bankruptcy. Above: Tiffany’s landmark store in New York City.
Tiffany shareholders are rejoicing after French luxury retailer Louis Vuitton (LVMH) offered to save the distressed company from bankruptcy with a $14.5 billion rescue bid. Tiffany received an unsolicited, $120-per-share buyout offer from LV, and the news set off a 31% rally in share prices. No word so far on whether Tiffany will accept, its board is still weighing the offer. However, it seems likely that the near-bankrupt retailer would be eager to make a deal; especially one paid a 33% premium over share prices. However, the stocks recent gains ate up the premium and, now, share prices are slightly above Louis Vuitton’s proposed buyout rate. At this point, both companies are trying to temper shareholder expectations. For its part, LV said there is no guarantee that these preliminary talks will result in an agreement.
Shares of Fitbit rallied over 30% yesterday after a report revealed that Alphabet Inc. (GOOGL) is eyeing the company as a potential buyout target. On Monday, Reuters reported that Google’s parent company was considering the acquisition to help ease its entry into the wearable tech market. Currently, Google does not sell smartwatches or any other wearable tech worth noting but it seems like a natural fit. Google recently release Wear OS, a new Android operating system designed especially for wearable devices like smartwatches. However, the company doesn’t sell any hardware that supports Wear OS.
Google’s interest in Fitbit signals that the company might be planning an entrance into the wearable market. Above: A Fitbit Versa Lite smartwatch in action.
Enter Fitbit. Prior to yesterday’s rally, the fitness-tracker pioneer was down about 20% for the year. Fitbit’s products have performed poorly through recent years, largely due to increased competition in the smartwatch space. The Apple Watch is eating Fitbit’s lunch, and investors shied away from the stock once they saw Apple (AAPL) taking the lead.
Supply-chain logistics firm Prologis (PLD) is set to acquire Liberty Property Trust in an all-stock transaction. Warehouse property is one of the hottest sectors in the real estate industry, and Prologis belive’s Liberty’s 107-million-square-foot logistics portfolio will be an excellent addition to the firm’s assets. Under the terms of the deal, Prologis would shed about $3.5 billion in assets, mostly ‘non-strategic logistics properties’ and office space.
If the deal survives, Liberty shareholders will receive 0.675 shares of Prologis for each of their LPT shares. Acquiring Liberty will bolster Prologis’s presence in several highly-coveted markets, including Pennsylvania’s Lehigh Valley, New Jersey, and Chicago. Prologis CEO Hamid Moghadam described the transaction. “Liberty’s logistics assets are highly complementary to our U.S. portfolio and this acquisition increases our holdings and growth potential in several key markets,” Moghadam said, “The strategic fit between the portfolios allows us to capture immediate cost and long-term revenue synergies.”
Immediately after the sale hit the news, several law firms announced they were investigating the proposed acquisition on behalf of Liberty Property Trust shareholders.
These stocks are only a few of the most active stocks on the market today. Look for stocks with high relative volume to find the most active stocks to trade for yourself. Scanning for high volume is a great way to identify stocks that could be primed for a big move. As we can see above, it’s also a great way to find the biggest news stories affecting stocks. Buyouts almost always generate above-average trading activities, so it’s no surprise that these buyout stocks made the list today.
Track all the day’s most active stocks with the Stock Dork on Twitter and Facebook. It’s the best way to stay up to date on all the latest stock market news, including hot stock watchlists, and much more. As always, stay tuned to the Dork for all the latest trending stocks and market-moving news.
The S&P 500 is pushing approaching new highs, and the market looks strong. The S&P 500, DJIA, and NASDAQ are trending higher in pre-market trading. However, the upcoming week features some important market-moving events that penny stocks traders should have on their radar. This week’s hottest penny stocks are all high-beta picks, so traders need to pay attention to these key catalysts.
For the most up-to-date penny stock picks, check out our regularly-updated monthly rankings.
First, expect corporate earnings to continue to drive this rally. Facebook (FB), Apple (AAPL), and AT&T (T) are all scheduled to report this week, and those three companies have a combined market cap of over $1.9 trillion. If any of these bluechip tech stocks have a poor quarter, it could shake up the entire S&P 500.
On the macro scale, markets are watching Wednesday’s Federal Reserve meeting closely. With 94% of Fed fund futures expecting a cut, Wall Street badly wants another rate cut but there’s no guarantee the Fed will oblige. Also, Friday’s job report will be a key litmus test for the state of the U.S. consumer. The economic data released in October was poor, but investors are betting that a strong consumer can carry the market. If Friday’s job report is weak, there could be some widespread selling.
With all that in mind, let’s get to this week’s best penny stocks to trade.
This blockchain stock posted solid gains last week after the firm announced the deployment of a fleet of new crypto-mining assets at its Nebraska facility. The company previously announced that it would shift its assets to Nebraska from its previous location in Canada. Marathon said the move would save the company $60,000 a month in operating costs. The blockchain technology firm expects to deploy 3,500 mining rigs over the next two weeks and another 3,700 by December 15th.
After increasing its mining capacity, Marathon Patent Group will be one of the largest Bitcoin miners in North America. Above: A section of Marathon Patent Group’s massive Bitcoin Mining facility in Quebec. The company is in the process of transferring these assets to Nebraska.
Once the new network is deployed, Marathon will be one of the largest Bitcoin mining companies in North America. Marathon Chairman and CEO Marrick Okamoto made the following statement in a company press release: “This deployment of our recently acquired Miners and redeployment of our existing Miners will establish a very low-cost operation while substantially increasing the company’s cash flow.” The announcement, combined with a major rally in bitcoin, was enough to power the stock to 22% gains. If the Bitcoin rally keeps up, Marathon could be one of the best blockchain penny stocks on the market.
Auryn Resources just struck gold, literally. Shares of AUG jumped over 13% last week after the company announced that at its Committee Bay drill site near Nunavut, Canada. The summer drill program discovered a 30-meter stretch of gold ore. “Although this was a modest program, the outcomes were significant,” said Ivan Bebek, Auryn’s executive chairman.
Auryn’s machine-learning software is helping the company target precious minerals more effectively. Above: A drilling rig at Auryn’s Committee Bay site.
While a gold strike is certainly worth noting, Auryn’s use of advanced machine learning software to improve its explorations is exciting. Auryn’s exploration team discovered that high conductivity is a direct indicator of the presence of valuable minerals. The company says its teams will incorporate these findings into its exploration strategy. The utilization of this new technology could potentially help the firm find more gold and reduce the cost of drilling substantially.
Auryn’s COO and Chief Gelogist, Michael Henrichsen, is confident that this new targeting technology will be a game-changer. “Our latest geophysical advancement in targeting may resolve one of our biggest challenges to date, which has been identifying high-grade mineralization,” said Henrichsen, “Our technical team maintains the strong belief that Committee Bay has the potential to host world-class high-grade gold deposits.”
Shares of NNVC rallied over 13% on the news.
Biologists have struggled to treat viral infections for hundreds of years, but this biotech firm specializes in formulating anti-viral treatments. Share prices rallied last week after the company announced its planned development of proprietary anti-viral nanomedicines.
The company is gearing up production for clinical trials but, so far, its flagship treatment looks promising. The new drug can potentially treat a wide range of viral infections, including swine flu, HIV/AIDS, and herpes. However, the firm announced last Friday that it would focus its clinical efforts on treating Herpes Simplex Virus Type 2 (HSV-2) and Varicella Zoster Virus (VZV) – which causes chickenpox and shingles.
NanoViricides could potentially be first-to-market in a $ billion industry. Above: A NanoViricides graphic depicts the firm’s new viral treatment.
The potential market for anti-viral medication is enormous. According to a 2014 report, the market could reach up to $65.5 billion by 2023. Investors like the direction this company is going. NanoViricides President and Executive Chairman, Anil Diwan, is confident in his team’s approach. “Our team believes that the dermal topical cream for the treatment of shingles rash will be the first drug heading into clinical trials which again caters to a market over a billion dollars,” Diwan stated, “There is at least two more years until commercialization and for revenues to flow into the Company, but we could potentially license the program out to Big Pharma after Phase I/II. However, it is clear, that with such a large addressable market size and hardly any competition, the success of the human trials would result in a positive ongoing stream of revenue.”
Anything can happen during clinical trials, so success is far from certain. However, if this biotech stock can deliver on these lofty expectations, there is an enormous potential upside in this company. Shares of NNVC jumper over 13% after the press release hit the news wires.
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PALO ALTO, California; Oct. 24, 2019 /TheStockDork/ — Tesla (TSLA) just pulled another rabbit out of its hat. Tesla earnings silenced the doubters with a profitable quarter and a confirmation of its ambitious 2019 delivery targets.
Tesla posted a surprise profit in the third quarter and set a record for Model 3 deliveries. Above: A Tesla vehicle on display.
Consensus estimates predicted Tesla would post a quarterly loss of $0.48 per share. The actual numbers beat forecasts by a wide margin, Tesla posted a quarterly profit of $0.78 per share. Last year, during the same quarter, Tesla posted a $1.75 per share profit. Revenues fell to $6.3 billion in the third quarter from $6.82 billion a year earlier
Record highs in Model 3 deliveries helped fuel the beat. CEO Elon Musk said the company made “great strides in controlling costs“. Model 3 comprised roughly 82% of the 97,000 vehicles delivered during the quarter.
“Our operating cost is now the lowest level since Model 3 production started,” said Musk.
Despite climbing Model 3 deliveries, sales of higher-priced models declined. The Tesla Model 3 is less than half as much as the company’s premium vehicles. Model 3 is Tesla’s mass-market model, so it’s no surprise that it’s leading the sales pack. However, declining sales in other segments is a reason for concern.
Tesla earnings reported that the company improved its gross margins substantially by cutting manufacturing and material-related costs. The company is working to bring the Model 3 down to a $35,000 price tag, but it hasn’t been easy. As of now, the Model 3 sells for roughly $39,000 on Tesla’s website.
Operating expenses decreased by about 16% from last year’s totals. Tesla’s CFO cited “improvements in labor hours per vehicle” as the biggest contributor to the company’s improved margins, as well as improved efficiencies in logistics, warehouse, and delivery operations.
The company’s track record for consistency isn’t great. Analysts are already asking how long this bout of profitability will last. Tesla said it expects to remain profitable, but warned that new product launches could pressure its margins.
The report marked the second consecutive quarter of record-breaking delivery numbers. Tesla reaffirmed its 2019 delivery forecast at 360,000 vehicles. That number sounded a little crazy a few months ago, but it’s starting to look like a realistic target. Tesla needs to deliver 104,800 vehicles before the end of the year to meet its delivery forecast.
Demand for new Tesla’s could decrease after U.S. tax credits for electric vehicles are terminated next year. Above: A driver uses the auto-pilot function in a Tesla vehicle.
Production trials for the Model 3 began at Tesla’s new facility in China – the world’s largest auto market – during the quarter. The facility is also scheduled to produce the Model Y compact SUV, which is expected to launch next summer.
The opening of the facility comes at a difficult time. Chinese auto sales are slumping, and overall demand appears to be weakening across the globe.
Tesla wants to produce limited quantities of its new, electric semi-truck next year. The truck is an exciting addition to the lineup, so it will be interesting to see how it performs and whether Tesla will expand the program. The truck was first introduced in 2017, but only very limited quantities have been produced since then.
Additionally, the company will launch its new compact SUV, Model Y, in 2020. Tesla is preparing for Model Y’s launch. Last quarter, the company began outfitting its facilities to produce the new vehicle.
As mentioned earlier, Tesla is driving hard for the Chinese market, but the firm’s international intentions don’t end with the People’s Republic. The company plans to open a new production facility in Europe and plans to announce the location of the new factory before the end of the year.
Things aren’t going to get any easier for Tesla in 2020. Federal electric vehicle tax credits are scheduled to be terminated next year. The tax credit was a big incentive for U.S. customers. It’s been decreasing periodically for years, but next year it will be taken off the table entirely. Some analysts fear demand could weaken significantly once the tax credits are eliminated.
The global economy is slowing, and it appears that U.S. economic growth is stalling in some sectors as well. The trade war has greatly eroded consumer confidence and business sentiment. Demand for new vehicles is weakening in Europe and China, and that’s where Tesla is focussing its international expansion efforts. Most of the global economy is creeping towards a recession, so it’s questionable whether Tesla’s global growth strategy will pay off.
Slowing demand for Tesla’s premium models is a concerning sign. Premium vehicles often have higher margins than base models, so it’s possible that weakened sales of higher-priced models will pressure already-fragile Tesla earnings. Tesla’s new vehicles could generate some interest next year, but whether they will be able to carry profits remains to be seen.
As usual, Tesla earnings were a mixed bag. The report checked all the right boxes and made for some pretty headlines, but the complete picture is more complicated. Kudos to Musk for delivering a profitable quarter and silencing the haters, but this company seems to be a long way away from sustainable profits. Investors hold Tesla for its growth potential, so contracting revenues is concerning. Between a slowing economy and terminating tax credit, continued demand for new Tesla’s is far from certain.
Shares popped over 20% when this news first broke but, as of now, they are pulling back from their highs. I expect this stock will come back to Earth some over the next few weeks. If you’re looking to get in, consider holding off until you see whether the stock will hold at its new price.
The market is bearish on weed stocks… for now. The current state of the industry is in stark contrast from just a year ago when cannabis stocks were on top of the world. It’s amazing how much difference a year makes. Many cannabis penny stocks are trading for a fraction of what they were worth just 12 months ago. It’s easy to say “cannabis stocks are finished” because everyone else is saying the same thing, but dirt-cheap valuations could offer a buying opportunity for contrarian-minded investors.
The cannabis market isn’t going anywhere and its actually growing at a pretty decent pace in many places. However, valuations were sky-high after the ‘great green hype’ of 2018, and these stocks were destined for a pullback. Valuations are much more reasonable at these prices, so these stocks are actually starting to look like viable long-term investments.
Looking for a safer bet? Gold is a great safe-haven investment. It provides a reliable hedge against inflation, volatility, and more.
Cannabis penny stocks are even more volatile than higher-priced weed stocks. Only invest what you can afford to lose. If you don’t know what a penny stock is, it might be worth reviewing. Read “What Are Penny Stocks?” first to get yourself up to speed.
For more penny stocks, check out the latest monthly “best penny stocks” rankings.
It’s hard to find a profitable cannabis company these days, but Aphria posted positive earnings on its recent quarterly report. It was the company’s second consecutive quarter of profitability. However, Aphria might not be a penny stock for much longer. It’s already knocking on $5’s door. So far, the company is weathering the onslaught better than most.
According to an article from MarketWatch, Aphria didn’t profit off selling pot. It’s hard to spot in the balance sheet, but Aphria made some slick accounting moves to chalk on an additional $30 million in revenues. The company’s cannabis revenues grew from C$28.6 million to C$30.8 million, but Aphria could have posted a quarterly loss if not for some investment shuffling and creative accounting.
Valens is another cannabis company coming off of a hot third quarter. The Canadian cannabis firm posted record revenues and profitability last quarter. Believe it or not, this company actually has pretty good margins too. EBITDA came in at $9.8 million, 59.4% of total revenues. Valens ended the quarter with about $69.2 million in cash on hand.
Valens CEO Tyler Robson called his company the most profitable cannabis company in Canada, according to net income. Above: Robson in an interview with Capital Ideas TV.
CEO Tyler Robson sounded confident about his company’s future. “”We are extremely pleased with the rollout of our business plan and the continued scale-up in the company’s extraction operations which have allowed us to continue our aggressive quarter-over-quarter growth in volumes, revenue, adjusted EBITDA and net income,” he said, “The company’s performance in the third quarter clearly demonstrates our industry-leading technical capabilities, the quality of our products and the earnings power of our platform.”
Valens Groworks specializes in extracting THC concentrates from plants. Concentrates are a key ingredient in vape cartridges, edibles, and infused beverages. While the recent vape crisis certainly poses some risk to the overall demand for Valen’s cornerstone product, it could be worth the risk. On the basis of last quarter’s net income, Valens is technically the most profitable company in the Canadian cannabis sector.
Some cannabis penny stocks weathered the storm better than others. Neptune Wellness Solutions is well below its 52-week highs, but 2019 shareholders are still up 24%. That’s not a bad rake considering the negative sentiment facing the cannabis sector. Neptune is another cannabis extractor company. They produce THC concentrates and even offer to help customers develop their own packaging and branding.
Neptune Wellness entered into a partnership with International Flavors & Fragrances (IFF) to produce CBD-infused consumer products for the U.S. market. Above: An IFF greenhouse in Hazlet, New Jersey.
Neptune is also in the CBD business. The company operates a hemp processing facility, Sugarleaf Labs, in the U.S. The facility uses American grown hemp and it’s expected to be a big earner for the Canadian company. Neptune recently landed a deal with a huge American conglomerate, International Flavors & Fragrances Inc. (aka IFF), to produce CBD-infused products for the U.S. market. IFF is a $13 billion company, so it’s a great partnership for Neptune Wellness, a much smaller company. As of now, the company projects it will become profitable by the first quarter of fiscal year 2020.
If you’re interested in investing in medical marijuana stocks, Curaleaf is worth a look. This Massachusetts-based company operates 48 dispensaries across 12 U.S. states. CURLF is one of the few cannabis stocks that are still holding onto YTD gains.
Curaleaf shareholders are committed to the company. The company’s key backers recently signed an extended share lockup agreement. The agreement affects roughly 75% of the company’s stock float and should help support share prices as widespread selling continues to plague across the cannabis sector. Under the agreement, lockups expire on 15% of the shares on the last day of every fiscal quarter. The lockup agreement will expire completely on March 31, 2021.
If you wanna take your search for cheap stocks a step further, check out our top stocks under 10 dollars, updated monthly: https://www.thestockdork.com/best-under-10
Let’s face it, things are pretty bleak in the cannabis sector right now. However, now that the hype has been squeezed out of these stocks, we’re starting to see how the market truly values these companies. After the .com bubble popped, a lot of kooky internet startups went out of business, but the real winners – like Amazon.com and eBay – survived and thrived. It wouldn’t be surprising if weed stocks face a similar fate. A large portion of cannabis companies could be bankrupt by the end of 2020, but the companies that survive the storm could be viable long-term investments.
The real question is, which ones are the winners? Many cannabis penny stocks have gone to zero, and it is likely that many more will follow them. If you’re buying cannabis stocks, don’t risk more than you can afford to lose. These are very speculative investments, especially given the recent climate in the market.
Growth is clearly subsiding in Canadian pot stocks, and one expert thinks U.S. weed stocks will lead the way forward. Analysts from Seaport Global discussed the sector in a recent report and advised investors to start shifting towards U.S. cannabis companies.
Some analysts are calling for investors to cycle into American weed stocks. Only 9 states remain where cannabis is completely illegal. Above: U.S.A. cannabis laws by state, up to date as of October 2019.
“As for the U.S. multistate operator group, we see a completely different set of circumstances in place [from Canada], and we would broadly recommend that investors rotate away from Canada and toward the U.S. … We see a number of opportunities for public MSOs (Multi-State Operator) on the horizon.”
The U.S. is nowhere near federal cannabis legalization, but these companies are making money at the state level. American lawmakers recently loosened banking regulations that previously prevented cannabis companies from accessing capital markets, indicating that sentiment towards cannabis is shifting in Washington.
Investors should always maintain a contrarian mindset. It’s easy to look at the cannabis penny stocks now say, “they’re done with”. However, investors rarely make substantial gains by following the crowds. Cannabis stocks could be a massive swing trade in the making. It’s doubtful we will see valuations close to 2018’s levels anytime soon, but these companies have potential when viewed under a microscope of sound fundamentals and value. Keep your eyes open for deals.
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Pharmacy drone delivery could be coming soon.
CVS (CVS) is teaming up with UPS (UPS) to research drone delivery options. The FAA issued UPS a permit to begin testing the drones earlier in the month. The partnership could eventually result in a full-scale drone roll-out but, for now, the FAA is only clearing the companies to run tests. CVS stated that it believes its customers, especially those in rural areas, will appreciate a drone delivery option.
The announcement follows a similar move by chief CVS rival, Walgreen’s (WBA), who announced a partnership with Alphabet Inc.‘s (GOOGL) drone delivery service, Wing, last month. Walgreen’s customers in Christianburg, VA can opt to participate in the pilot program online and receive their orders via Wing drone deliveries.
Consumer drones can revolutionize last-mile delivery logistics. Above: A Wing delivery drone. Wing is a subsidiary of Google parent company, Alphabet Inc,
These first-phase drones fly on pre-determined routes and can carry packages weighing up to 5 pounds. Homeowners can receive delivery in either their front or backyard. Live humans monitor all flights, and they have the option to take control if something goes wrong. Representatives from UPS anticipates the drones can reach their destinations and deliver goods in as few as 5 minutes.
UPS’s Ben Ganesh, who heads the company’s Advanced Technology Group, underscored the possible impact of drone technology. “This is a quantum leap in terms of what’s possible,” Ganesh said in an interview with CNN Business, “Speed can make the difference between life and death.”
So far, UPS is focussing its efforts on creating a drone delivery network for healthcare. The delivery giant has already delivered over 1,100 medical samples at a hospital in Raleigh, North Carolina, as part of a government-backed pilot program. It’s planning on expanding the operation to include a hospital in Utah in the near future. UPS initiated contact with CVS and laid out the framework for the partnership.
Some drones can fly as high as the stratosphere and can have profound impact on government military operations. Above: An Airbus stratospheric drone.
Companies still have a lot of regulatory red tape to cut through before full-scale drone delivery can be introduced. Meanwhile, other countries are adopting the technology more rapidly.
A Silicon Valley startup, Zipline, is delivering medical supplies in the African countries of Rwanda and Ghana. So far, the firm completed over 20,000 deliveries of medical supplies in the two countries.
Drone delivery can be a game-changer in less developed countries, where poor infrastructure makes speedy, consistent delivery a significant challenge. These types of countries are desperate for these types of services, so it’s possible that unmanned aerial delivery could become commonplace in these emerging markets more rapidly than the U.S.; where regulatory scrutiny is expected to be much greater.
In 10 years, drones could be a mainstay in U.S. supply chains. Once the government figures out how to address all the regulatory challenges, there could be drones flying in the skies near you very soon after.
This industry is ripe for rapid growth, and getting a piece of the leading drone companies now could pay off big down the road. If you’re interested in drone stocks, you have a lot of options to choose from. Most companies that are pioneering drone research are large industrial conglomerates and military/aerospace firms. However, as you can see, civilian drones are progressing rapidly.
If you’re wondering when drone delivery will be available in your neighborhood, be sure to keep an eye on the sky.
It’s been a rough few months for cannabis stocks. Apparently, it’s not easy to make money in the weed business. Key players recently released bleak forecasts for the sector, and most experts maintain a bearish outlook on weed stocks. However, it wasn’t too long ago that these companies were Wall Street rock stars. Can they recapture their former glory? If so, now might be a great time to pick up some shares.
This stock was a darkhorse favorite when it first hit the market, but it’s been a bad month for Hexo shareholders. Their shares lost over a third of their value in October. The massacre started when CFO Mike Monahan resigned only 4 months after he took the job, possibly indicating that bad news was coming down the pipeline. Those indications proved correct, Hexo slashed its revenue forecast and pulled its 2020 outlook entirely, citing “lower than expected product sell through” for the quarter.
Shares of Hexo are down significantly over the past 3 months. Above: 3-month HEXO Chart, 1 Hr Candles
Hexo reports earnings on October 24 and angry shareholders will surely be looking for answers. On the bright side, the bar has been set so low that there is a chance of a modest upside pop if Hexo announces something even somewhat positive.
Many cannabis companies are reporting that the black market is more resilient than experts anticipating, with over 40% of Canadian users purchasing cannabis from illegal sources. These companies are struggling to match the black market’s low prices. However, Hexo has a plan. It recently announced the release of a new budget brand of cannabis that will retail for prices much closer to black market levels. Hexo’s value brand, Original Stash, will retail for $4.49 a gram, including taxes.
Shares recaptured some losses after crashing on October 10th, but they are still down significantly from where they opened the month.
Last week, Aphria delivered earnings for the first quarter of its fiscal year 2020 and reported a surprise profit during the period. Experts were anticipating the company would lose CA$0.02 per share, instead, it posted a gain of CA$0.06 per share. Aphria is one of the few cannabis companies to post quarterly profits.
Aphria surprised analysts with a profit in its most recent quarter. Above: a cannabis plant.
The earnings call was a big success. The company reiterated its 2020 guidance and impressed investors with its strong balance sheet. Aphria pro forma statements reported free cash of $500 million, equipping the company with plenty of ammunition to fund future growth and cover liabilities. Share prices jumped over 25% after the report hit the newswires.
Aphria’s report was in stark contrast to Hexo’s. Management was optimistic and upbeat. However, Hexo’s dark outlook is still dragging on the market. Aphria quickly surrendered over 13% of its post-earnings gains and is now down about 23% over the past 30 days. Some experts weren’t impressed by Aphria’s quarterly profit and said it was mainly driven by one-time gains resulting from the company’s reshuffling of its investments and gains in its stock price.
After the Hexo report, Seaport downgraded most of the Canadian cannabis stocks, except for Aphria. The firm maintained its ‘buy’ rating on the Aphria, but now it stands alone as the only Canadian cannabis stock with a positive rating from Seaport.
Stifel’s Andrew Carter paid homage to ‘Game of Thrones’ in a recent report that named Cronos Group as the new “King in The North“. He thinks CRON is in a better position than the rest of the sector, citing better valuations and greater growth potential in the U.S.
Carter wrote, “We believe Cronos will showcase an enhanced revenue growth profile leveraging the distribution capabilities of Altria to build its U.S. CBD business and demonstrate breakthrough product potential in the Canadian vapor segment.”
Vaping is a focal point for Cronos’s growth strategy, but the recent vape crisis in the U.S. is making investors nervous. Carter addressed those concerns in his note: “Delays or draconian regulation around vapor suggest some risk to our outlook for the acceleration Cronos’ sales growth, but we view the issue as a resolvable controversy favoring a strictly regulated system providing Cronos an avenue for differentiating its growth profile.”
Cronos stock fluctuated wildly last week, but any short-term gains quickly succumbed to sector-wide bearish sentiments that have made it hard for any pot stocks to get a foothold. In the long term, Cronos could be one of the best Canadian cannabis stocks on the market.
Marijuana is only legal in certain parts of the U.S., but there are still lots of opportunities for profits.
Growth is clearly subsiding in Canadian pot stocks, and one expert thinks U.S. weed stocks will lead the way forward. Analysts from Seaport Global discussed the sector in a recent report and advised investors to start shifting towards U.S. cannabis companies.
“As for the U.S. multistate operator group, we see a completely different set of circumstances in place [from Canada], and we would broadly recommend that investors rotate away from Canada and toward the U.S. … We see a number of opportunities for public MSOs (Multi-State Operator) on the horizon.”
The U.S. is nowhere near federal cannabis legalization, but these companies are making money at the state level. American lawmakers recently loosened banking regulations that previously prevented cannabis companies from accessing capital markets, indicating that sentiment towards cannabis is shifting in Washington.
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NEW YORK, Oct 18, 2019 /TheStockDork/ — 5G Stocks are trending this morning, and some of the biggest players are in the news today. These stocks could be active today after these key news events.
Interested in telecom stocks? Check out our rankings for the best telecom stocks.
AT&T is close to making a deal with Elliot Management and its stock is up on the news. A potential deal could allow Elliot to influence AT&T’s board decisions and review the company’s assets. Elliot wants AT&T to trim the fat and cut out “any assets that do not have a clear, strategic rationale” for holding.
Elliot Management is pressuring AT&T to sell off its non-profitable assets.
DirecTV has been a loser for AT&T since it was acquired several years ago, and Elliot is pushing for the company to sell off the business. In all fairness, AT&T was exploring the sale of these underperforming assets before Elliot got involved, but the schedule seems to be accelerating. The Wall Street Journal reported that a deal could be reached before the end of the month.
AT&T is currently up 0.5% in early-day trading.
One of the most hyped technologies of recent memory, 5G is finally taking its first baby steps. Investors are ready to pounce on any hot 5G stocks, but will 5G be a winner for the telecom big boys?
In a report today from Barron’s, at least one analyst has his doubts. Moffett Nathanson analyst Craig Moffett is an expert in telecom stocks, and he’s not sure the national rollout will be profitable for large players like Verizon. Moffett believes 5G revenues won’t start rolling in as quickly as the market expects.
5G has been a focal point in Verizon’s growth strategy. Above: Verizon CEO Hans Vestburg speaks at a company event.
“With most currently identified use cases of somewhat dubious merit, we do expect that getting to a dense and ubiquitous 5G network, and more importantly, a robust 5G ecosystem of networks and use cases, will take longer than people think.”
The article didn’t seem to hurt shareholder confidence. VZ is up 1.10% in early session trading.
Nokia announced that it will partner with Swedish wireless carrier Telia to power a new 5G network in the new Mall of Tripla shopping center in Helsinki, Finland.
Shoppers with compatible devices can access the 5G network with their devices. Nokia’s 5G base stations and small-cell technology supports the network. As 5G technology develops, the network could provide a solid framework for building the futuristic retail stores that can truly leverage the technology. 5G can power virtual fitting rooms, video recognition systems, cashless stores, and much more.
In a company press release, Nokia Head of Mobile Networks Product Management Ari Kynäslahti described the demand for 5G networks in malls. “We are seeing increased demand for better connectivity at shopping centers, stadiums and large events, which is why the 5G network rollout at the Mall of Tripla is a milestone for both Nokia and Telia.”
Nokia is down 0.4% in early session trading
The Swedish 5G pioneer is expanding its partnership with Hydro-Québec, the Québec province’s largest electrical utility company.
Ericsson was already powering HQ’s network inventory management system but, under the terms of the agreement, they will overhaul the system to incorporate the latest technology. Once the upgrades are complete, the system will be more automated and efficient.
The new system will utilize Ericsson’s Adaptive Inventory and allow for the complete automation of many routine operations, helping HQ slim costs and better allocate resources. The aim of the agreement is to utilize the latest technology in the inventory system in order to maximize efficiency.
The Head of Ericsson Canada praised Hydro-Québec in a company press release, “Hydro-Québec is a leader in its field and we are grateful to extend our partnership to help them improve their ways of working, using our latest Adaptive Inventory product.”
Erricsson is up 1.21% in early session trading.
Charle’s Schwab announced that it will begin offering fractional stock trading to its customers soon. The move is expected to help attract younger investors who have smaller portfolios to manage. Schwab recently cut its commission fees to zero, but the firm is turning up the heat on the competition again with this latest move.
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NEW YORK, October 17, 2019 / TheStockDork / — The S&P 500 closed yesterday’s session in the negative. The DJIA and NASDAQ also ended the day in the red. The NASDAQ fell by 0.3%, while the S&P 500 declined by 0.2%. The Dow was also down but it had the most narrow losses, declining by only 0.08%. Today’s issue of Best Stocks to Trade Today examines the tech sector.
Today, it looks like these penny stocks in the tech sector are trading with above-average volume. They could be great candidates for either long or short plays.
Urban One shares are active this morning after the company announced the appointment of two new executives. C. Kristopher Simpson will be the company’s new senior VP and also its general counsel, and Tony Spinelli will be the chief information officer. Simpson is a seasoned attorney and Spinelli is a veteran of the technology sector.
The company is a media conglomerate that operates several outlets that primarily target African Americans and ‘urban consumers’ in the US. The stock popped 3.54% yesterday but it gave back some of those gains in pre-session trading this morning. Right now, Urban One trading volume is about 2.5 times the average.
Zovio is a high-tech provider of educational service. Above: Zovio’s logo.
Zovio offers educational technology services to academic organizations and other companies. The company partners with higher education institutions and employers to deliver digital education solutions to students and employees.
Shares sold off yesterday after the company asked the U.S. Department of Education to review its proposal to change the ownership of Ashford University. Zovio has a stake in Ashford and the company is exploring transitioning the university to non-profit status. Additionally, the company is considering selling its stake but claims it will only do so if the buyer will agree to a technology services contract with the Zovio beforehand.
Shares fell by over 4.46% yesterday, but are up slightly in pre-market trading. Trading volume is currently over 3 times average levels.
The FITBIT Charge 2 smartwatch.
This company makes smartwatches, fitness trackers, and other high-tech personal devices. Fitbit shareholders have been under fire this year. Apple, Garmin, and Samsung products are competing with Fitbit and pressuring share prices. Traditional watch companies, like Movado, are also entering the fray. Fitbit also has tariff concerns, so it’s been a rough year for this stock. However, yesterday FIT rallied 8.41% without any major new items hitting the wire.
The rally could be attributed to the company’s announcement last week that it is pulling out of China to avoid tariffs. Analysts applauded the move, including D.A. Davidson’s Tom Forte. Forte wrote a note to investors that said his firm is “encouraged by the move” and “it seems to position Fitbit to have greater control of its future pricing and, therefore, its margins”.
Shares of FIT are flat in pre-session trading. About 3.75 million more shares are trading than average.
Headquartered in India, Sify offers a variety of IT services in India, Singapore, the United Kingdom, and also North America. The firm provides data centers, networking, and also cybersecurity services to businesses of all sizes. Recently, share prices have been volatile as the stock approaches its FY Q2 earnings release, scheduled for tomorrow.
Yesterday, shares closed the session down 2.14%. However, shares are up 4.38% in pre-market trading today. Trading volume is currently about 1.5 times higher than average. If this company posts an upside beat on earnings it could fuel a large move in share prices.
PFSweb provides ancillary services for businesses with e-commerce operations. Its business is segmented into two business units. One unit handles digital marketing, web design, and other related services. In addition, its second unit handles order fulfillment, customer contacts, payment processing, and other support services.
PFSweb provides a variety of eCommerce support services, including order fulfillment and web design.
Shares popped 4.48% yesterday after the company announced it had been selected as Moleskine’s U.S. fulfillment partner. Under the terms of the multi-year agreement, PFSweb will provide fulfillment services to support Moleskin’s direct to consumer operations from its Memphis distribution center. The arrangement is already live, the companies started doing business together in September.
These are just a few of the best penny stocks to trade today. Keep your eyes open for breaking news, above-average trading volume, and other signs of abnormal activity to find even more great tech stock trades for today.
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HOLLYWOOD, CA. Oct. 10, 2019 /TheStockDork/ — Radio shock jock Howard Stern played ringmaster at the grand opening of SiriusXM (SIRI) Hollywood Studios, leading a whos-who roster of A-list celebrities
Kevin Mazur/Getty Images for SiriusXM
In his first West Coast broadcast in over 20 years, Stern chatted with Jennifer Aniston, Rober Downey Jr., Jimmy Kimmel, Adam Levine, and Arnold Schwarzeneggar. Other guest interviews will be featured in upcoming shows, including a 75-minute interview with Demi Moore. Levine and bandmate James Valentine performed Maroon 5’s new song “memories” in honor of the band’s recently deceased manager. Stern also talked with Snoop Dogg and Seth Rogan in an interview that will be featured in a later show.
Stern interviewed Arnold Schwarzenegger at the event.
SiriusXM will launch a wave of new content of its new studio in Hollywood. The Hollywood studio is located in a bustling Los Angeles media community, and the complex even houses an on-site performing space for subscriber-only concerts. Dubbed ‘The Garage’, the studio already hosted a performance from Dave Matthews Band that aired exclusively to SiriusXM subscribers.
Jason Kaplan / SiriusXM’s “The Howard Stern Show”
In a company press release, SiriusXM President and Chief Content Officer Scott Greenstein explained why Stern was a natural choice to host the event. “We knew there was only one way to launch SiriusXM Hollywood. It could only have been Howard Stern,” said Greenstein, “Howard has never been bigger and brought the excitement, skill, energy, and star power to our new Los Angeles headquarters that put us instantly at the forefront of Hollywood media. Now that our official launch has been an unparalleled success, we’re looking forward to delivering more world-class entertainment across talk, comedy, and music to our 100 million SiriusXM and Pandora listeners from SiriusXM Hollywood.”
SIRI shareholders took a wild ride this year. Share prices fluctuated wildly over the past 12 months. However, the stock continues to follow a strong uptrend that began after it bottomed in June. If you bought SIRI at its June lows, you’d be sitting on an 18.6% gain if you sold it today. This stock is very close to its 52-week highs so it may not be the best time to enter into a trade. As you can see, SIRI has a history of drastic downside moves and there is not a lot of technical support below $6.
SIRI posted a one-cent EPS beat on its Q2 earnings report, although the company missed estimates for the first quarter of 2019 by two cents EPS. SIRI’s will report Q3 earnings on October 31st. The company is projecting EPS growth of 23.81% next year.
If you’re interested in purchasing shares of SIRI, be sure to do your due diligence and consult with a financial advisor before making any large investments.
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Belgian biotech giant UCB (OTC: UCBJY) agreed to terms to acquire Ra Pharmaceuticals (NASDAQ: RARX) in an all-cash deal worth $2.1 billion USD.
RARX shareholders will be paid $48 per share upon closing. Both company’s boards unanimously approved the deal, but shareholders and regulators need to approve the deal before it can be finalized. UCB cash reserves and term loans from Bank of America (NYSE: BAC) and BNP Paribas Fortis (ADR: BNPQY) will fund the transaction. Representatives from both banks will be acting financial advisors on the deal.
UCB purchase price for Ra Pharma values the company at twice its current levels. Shares have already doubled in pre-market trading. Yesterday, RARX closed at $22.70 per share and are currently trading for around $46. UCB will pay shareholders $48 upon closing, so share prices rapidly closed the gap when news of the merger broke.
Located in Cambridge, Massachusetts, Ra Pharma is a NASDAQ-listed biotech stock with a market cap of approximately $1 billion. The firm’s most promising treatment is zilucoplan, a once-daily, under-the-skin injection intended to treat Myasthenia Gravis (gMG), a rare autoimmune disease. GMG attacks the nerves and muscles. Ra Pharma is also evaluating Zilucoplan for the treatment of ALS (‘Lou Gehrig’s Disease) and IMNM.
UCB is a large-cap Belgian biotech firm based in Brussels. In the U.S., it trades on OTC Markets under the symbols UCBJY and UCBJF. UCB operates globally and employs 7,500 people across 40 countries. The firm focuses its efforts on developing treatments for diseases of the immune system and central nervous system. UCB’s home exchange is the Euronext Brussels, where it’s listed under the symbol UCB.
UCB believes combining its assets with Ra Pharma’s will enable it to offer better treatment options for Myasthenia Gravis and other rare diseases. In particular, UCB wanted to add Ra’s zilucoplan therapy to its product pipeline. Currently undergoing phase 3 clinical evaluations, UCB believes zilucoplan will be an excellent complement to its rozanolixizumab therapy. With the new acquisition, UCB expects to be a leading treatment provider for gMG patients.
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CLEVELAND, Oct. 7, 2019 /TheStockDork/ — The Dana-Farber/Brigham and Women’s Cancer Center in Boston will begin MRI-guided radiation therapy for cancer patients, it’s the first joint cancer program in New England to offer the treatment.
Using newly developed technology, doctors now have the ability to continually monitor MRI images while performing radiation therapy to targeted tumors.
A ViewRay MRIdian Machine.
ViewRay, Inc. produces the technology that makes this type of therapy possible. The Boston hospitals offering this treatment are using ViewRay’s MRIdian® Linac System. ViewRay designs, manufactures, and markets the system.
The company designed the system using its proprietary high-definition magnetic imaging system. MRIdian was conceived and built to be used in advanced radiological oncology treatments. The system addresses several unique challenges that used to make real-time imaging difficult, if not impossible.
Strong magnetic fields can interact with radiation beams and create problems for targeted treatments. Magnetic interference can cause beam distortion, skin toxicity, and other concerns. ViewRay’s design helps minimize or eliminate these problems.
The new machine will be used to treat a variety of different cancerous tumors. However, the treatment is most effective on soft tissue tumors and ‘highly-mobile’ tumors, like those found in lung cancer patients.
Raymond Mak, M.D., the lead radiation oncologist for MRI Guided Radiation Therapy at the Dana-Farber/Brigham and Women’s Cancer Center spoke highly of the new treatment. “This new technology offers substantial clinical benefit by providing greater resolution of soft tissue tumors, allowing for more precise tumor targeting and less radiation exposure; thus sparing healthy tissue,” Dr. Mak said in a ViewRay company press release, “This cutting-edge technology allows us to personalize and adapt each treatment in ways we never could before.”
ViewRay CEO and President, Scott Drake, also made a statement in the press release. “Dana Farber/Brigham and Women’s is a world leader in adult and pediatric cancer treatment and research,” said Drake, “We share a common mission to eradicate cancer with the use of innovative technologies, and we look forward to further serving patients.”
Ohio-based ViewRay is a NASDAQ-listed company with a market capitalization of over $480 million.
NEW YORK, Oct. 3, 2019 /TheStockDork/ — Yesterday was a bad day for the stock market. All of the major indices lost over 1.5% of their value before the session closed.
The sell-off affected most of the market, but many of those stocks were simply following the market. The real question is, which stocks are going to continue to go down?
Wall Street analysts downgraded these stocks yesterday, indicating that sentiment is shifting towards bearish on these companies.
If you own any of these companies, you’re officially on notice. These analysts expect these stocks will underperform the market. Here are yesterday’s most notable downgrades:
Downgraded from ‘Market Perform’ to ‘Underperform’
Bernstein analyst Todd Jeunger downgraded ATVI to underperform yesterday, citing concerns about the companies product pipeline and slowing earnings. He said there is ‘too much hope’ surrounding Activision’s stability and thinks there is more trouble ahead for the company.
ATVI closed yesterday’s session down 1.23%.
Downgraded from ‘Overweight’ to ‘Underweight‘
TD Ameritrade announced yesterday that it would join Schwab in eliminating its trade commissions. TD draws a larger portion of its revenues from its trade fees than its competitors, so the decision is expected to pressure margins and earnings. Barclays gave TD Ameritrade a double-downgrade to ‘underweight’ after the news broke.
AMTD closed yesterday’s session down 3.26%
The major brokers are all expected to face earnings pressure as a result of the move towards zero commissions. Barclays issued issued double-downgrades on both of these major brokers.
SCHW closed the day down 3.31%; ETFC was down 3.59%
Analysts expect these equities to perform inline with the overall market.
Downgraded from ‘Buy’ to ‘Neutral’
Longbow downgraded Louisiana-Pacific Corp. from ‘buy’ to ‘neutral’. The company produces construction materials for residential and light industrial use. The downgrade likely reflects softening sentiment relating to the manufacturing sector resulting from Tuesday’s weak ISM manufacturing data.
LPX closed yesterday’s session down 1.63%.
Downgraded from ‘Buy’ to ‘Neutral‘
Guggenheim downgraded Monster Beverage to neutral on fears of increasing competition from Coca-Cola’s new energy drink. Coca Cola’s energy drink is performing well and it could eat into Monster’s revenues. Zack’s Investment Research also downgraded Monster, but it took Monster from ‘hold’ to ‘sell’, indicating a more bearish outlook than Guggenheim’s call.
MNST closed yesterday’s session down 2.30%
National Bank Financial lowered its rating on CNQ to sector perform. The downgrade likely stemmed from ongoing developments in Canadian Natural Resources ongoing lawsuit against Enbridge (ENBA) over ‘perceived abuses of market power’. CNQ is challenging Enbridge’s construction of its Mainline pipeline system.
CNQ closed yesterday’s session down 2.21%
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NEW YORK, Oct. 2, 2019 /TheStockDork/ — The Dow Jones Industrial Average fell over 500 points today and closed the trading day down 1.86% in one of the worst days for the stock market since June.
The DJIA was actually the worst-performing major index, but the others didn’t fare much better. The S&P 500 declined 1.79%, and the NASDAQ lost 1.56%.
These were the hardest-hit stocks on the day:
This micro-cap biotech firm crashed today. By the day’s close, this tiny biotech stock lost over 58% of its value after the company announced an unfavorable FDA decision. It’s only the latest bout of misery for SVRA shareholders, it’s down over 86% since the start of 2019.
Food wholesaling is a tough business. UNFI shares tanked after the company released a disappointing earnings report today. United Foods missed on both the top and bottom lines in Tuesday’s fourth-quarter miss. Share prices plummeted over 26% by the time the session was over.
No news directly relating to this company came out today, but shares fell anyway after a weak ISM manufacturing report heightened fears that the U.S. economy may be going into recession. The sentiment shift hit CUO shares hard, they lost over 23% of their value on the day.
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DOVER, NJ; Oct. 1, 2019 /TheStockDork/ — Casio U.S.A., a subsidiary of Tokyo-based Casio Computer Co. Ltd. (OTC: CSIOF), announced two new additions to its popular G-Shock family of watches.
The release consists of two new colorways for the G-MS women’s line of ‘elevated timepieces’. The new models will retail for $170 each. The price is higher than most of the G-Shock family, which starts at $99 on Casio’s website.
The new models feature stainless steel bezels, natural blush, and brown colorways
G-Shock is well known for its rugged and reliable watches but these latest models are aiming more for style and sophistication. If you’re a G-Shock fan, you are likely familiar with their quality. The new styles could lead existing G-Shock owners to buy an additional watch for more formal settings, effectively leveraging brand loyalty into new sales.
Casio claims the new styles “combine sophisticated style with functionality for everyday life,” noting that “the timepiece’s durable resin bands give them a sleek look while still upholding the hallmark of absolute toughness that G-SHOCK is known for.”
The new watches will retain all of the base model G-Shock features, including 100m water resistance, global time settings, shock resistance, and more.
Casio U.S.A. is a subsidiary of Casio Computer, based in Japan. The stock trades in the U.S. on the OTC markets under the ticker CSIOF. If you’re interested in trading OTC stocks, check if your broker offers OTC trading. If you’re using a mobile broker like Robinhood or WeBull, you might not be able to access OTC stocks.
Be aware the trading volume for Casio’s U.S. stocks is practically non-existent. If you’re really interested in buying this company, you may want to consider purchasing the company’s Tokyo Stock Exchange-listed security(TYO: 6952).
Plant-based meat mania is coming to McDonald’s.
The fast-food titan announced Thursday that it would begin testing Beyond Meat (BYND) patties in a sampling of its restaurants in Canada. McDonald’s will test the ‘P.L.T’ – the plant, lettuce, and tomato – for 12 weeks in 28 restaurants in Southern Ontario starting this Monday.
The 12-week test launch will give Mcdonald’s a better idea of market demand and the sandwich’s impact on restaurant operations, according to a quote from McDonald’s Vice President of Global Menu Strategy, Ann Wahlgren, in today’s Wall Street Journal.
Several McDonald’s rivals have already launched their own plant-based meat products, and they’re proving that there is a solid demand for these types of products. Many restaurants have reported strong sales for their plant-based offerings, so it’s no wonder McDonald’s wants to get in on the action too.
Burger King, a subsidiary of Restaurant Brands (NYSE: QSR), began offering testing its Impossible Whopper burger in St. Louis last April. The promotion proved to be successful enough that Burger King decided to launch the product nationwide. As of August, the Impossible Whopper is available at almost every Burger King.
Dunkin’ (NASDAQ: DNKN)is also getting in the ring. The company began offering a plant-based option, made with Beyond Meat sausage, in its Manhatten locations last July. Dunkin’ plans to roll out the sandwich nationally if the Manhatten launch gets a strong response. After seeing how plant-based meats are performing for other companies, it’s highly likely that we’ll see the Dunkin’ Beyond Sausage Breakfast Sandwich rolled out nationwide soon enough.
Canadian fast-food chain Tim Horton’s (NYSE: THI) also made headlines a few months ago when the company announced it would begin offering Beyond Meat sausages in its restaurants. The plant-based sausages received such a strong response that Tim Horton’s now offers the product at 4,000 of their restaurants. Horton’s even expanded their offerings, they now sell three sandwichs that use Beyond Meat sausage as the main ingredient.
However, the story takes a turn here. Horton’s announced they were cutting back their plant-based offerings this week. The reason: demand was much higher for real beef. It’s a possible warning that maybe the market is a little too bullish on the demand for these types of products.
McDonald’s played things more patiently. It didn’t rush into the hysteria like some of its other competitors. In fact, it was watching closely to see how plant-based patties were performing for its competitors before making the jump. McDonald’s executive admitted that, before adding Beyond-anything to the menu, they wanted to see whether the trend would last. Perhaps more importantly, they also wanted to see if other restaurants could maintain supplies of Beyond products.
Beyond shareholders gave the McDonald’s deal a warm reception, BYND rallied 12% on Thursday on the news to close at $154.34.
Already the best-performing IPO of the year, BYND remains one of the hottest stocks on Wall Street. The market is currently valuing Beyond Meat at $9.2 billion; a lofty price tag that values the company at over 56 times price per sales. Frankly, that’s a ridiculous number that is hard to justify by any reasonable standards.
However, the bulls are sold. They say Beyond will grow into its valuation over time. The math behind that claim is fuzzy but not impossible. If Beyond Meat can become a mainstream product, there are huge amounts of uncaptured market share waiting for them. There’s no doubt that Beyond is the leader in this category, so it could be in the best place to win if plant-based meats become more than a fad.
Bulls say this stock is some kind of unstoppable growth story. However, bears say the valuation is unsustainable and borderline ridiculous. The fact that Tim Horton’s is dialing back its plant-based offerings is a possible signal that demand is not as strong as projected. Many experts challenge the demand outlook for these products. The burgers taste good in comparison to most vegan offerings, but they still have a long way to go before they can beat beef. While there is certainly strong demand for these products, the question remains whether plant-based meats can make the leap from a niche product to mainstream staple.
Be sure to check out our article on food stocks for even more analysis and insight on meat-alternative stocks. Find the article here: https://www.thestockdork.com/food-stocks
Mercedes-Benz is a brand popular among its peers in the automobile world. However, till date, this brand refrained from venturing into the domain of two-wheeler scooters with electrical functionality. This trend is all set to change as this company quietly announced its very first two-wheeler last week during the 2019 Frankfurt Motor Show.
Merged carefully into the press release of its branded Over-The-Ear variant of headphones along with the toy-version for its EQC Electric SUV, this two-wheeler comes as a surprise for the customer base. The official press-release had very basic information about the same with an expected launch date that is set in the early half of 2020.
This is it, no information about top speed, range, or any specification. According to the Press Release, it looks like the company shall sell these electric scooters in Germany. However, it isn’t clear if the makers will try to enter competitive market. Moreover, there is no talk about the price of the scooter as well.
A Daimler spokesperson confirmed that this automaker has aims to sell these scooters on a direct basis to the consumers. However, there are no answers with regards to its specifications as of now.
On Wednesday, Volkswagen Finance mentioned that it has acquired around 25% stake in Kuwy Technology Service based in Chennai which is a digital platform for instant lending. As the part of this deal, this company, which is known to support the Volkswagen Group’s existing customers in the country by facilitating insurance and financing solutions, will have complete access to the Kuwy’s complete network in the country with regards to the element of car financing.
Aashish Deshpande, the CEO and MD of the company mentioned that Volkswagen Finance is always enthusiastic to try to bring in more value for the offerings. This particular association serves as the step towards perfect evolution for the journey of the consumer in digital space.
The aim of the company is to cater an agile and simplified solution for the customers of the company added Deshpande. However, no financial details were shared with regards to this acquisition. The association of Kuwy with Volkswagen Finance will surely improve the efficiency of the processes while reducing the processing time for loan. This makes it the best win-win situation for both the customers and the dealers.
The partners shall also offer insurance, finance, and product warranty for the customer group of Volkswagen over the Kuwy platform.
On Wednesday, Joseph Zidle, the Chief Investment Strategist for Blackstone explained to CNBC during an interview that the company stocks could actually be headed towards a beat down. He also estimated that the Fed cut down the rates on Wednesday by quarter points. It is also estimated that another cut down with come from the Fed during the month of October.
Zidle also warned that it could actually rattle the market while demanding an upwards trend based on the 100-basis points apart from what they bagged in the month of July. He also mentioned that it is inevitable that Powell, the Fed Chief will surely wrestle with the inflation situation back home while seeking to align the U.S. rates on a global level.
The markets all around the world have been motivating the Fed to think on a global level. Rates all through the world have gone down and there is a need to cut the existing rates. However, Zidle explained that the Fed might have to act upon the local data. This will evidently constraint the Fed from catering the market everything that is needed currently.
There is a surge in oil prices amid the production disruptions prevailing across Saudi Arabia currently. This may affect an array of stocks in energy space, as per strategists at Goldman Sachs.
According to a note Goldman issued to its clients, the companies having the largest 2019 Quarter 4 possible operating cash-flow uplift from the increasing oil prices incorporates names such as Occidental Petroleum (OXY), Hess (HES), Apache (APA) and Cimarex Energy (XEC) among others.
As for companies which have the highest 2019 Quarter 4 possible free cash flow uplift include Apache, Cimarex and Murphy Oil (MUR).
The prices for the US oil benchmark, West Texas Intermediate (WTI) surged nearly by 10 percent on Monday, surpassing $60 per barrel. Well, the prices still are below this year’s high of nearly $66 per barrel from April. Additionally, WTI dropped more than 2 percent previous week.
On the other hand, the prices for international oil benchmark Brent witnessed a surge of more than 10 percent on Monday, at $67 per barrel.
The military strikes affected major crude production units across Saudi Arabia over weekend, reducing the oil production in the Middle East country by around 5.7mn barrels a day.
The length of this disruption is not known, noted Goldman analysts.
EM central banks have now become extremely dovish since the worldwide financial crisis, as per an analysis.
The pro-easing partiality is quite remarkable given that the banks, which includes those of India, Russia, Brazil, Turkey and South Africa have lowered rates already this year, indicating that scope for additional policy loosening likely should be shrinking.
The Emerging Monetary Mood Indicator by BAML (Bank of America Merrill Lynch) is at the most dovish extreme state since the 2009 crisis.
Based upon figures of a single month, the latest August reading was the most dovish since the dotcom depths crash in the year 2000.
There are some emerging markets in which the central banks may cut rates more than what the market is actually expecting, said BofA’s David Hauner.
According to him, the market isn’t pricing rate cuts aggressively and that the real rates in the emerging markets still are pretty high.
Turkey is leading the way among the major emerging market central banks in the current year, cutting base rates to 16.5%, while India reduced to 5.4%. Since the beginning of 2017, Brazil has reduced base rates to 6% while Russia has slashed to 7%.
The monetary authorities now are reacting to the faltering growth. The IMF has forecasted that emerging market wide growth will reduce to a post-worldwide financial crisis moderate of 4.1% this year.
Cornell, on Monday, announced that Weill Cornell Medicine would offer debt-free medical schooling for financial aid students.
Historically, over half of the students at Weill Corner have been covered by need-based study scholarships to defray the attendance cost at the institute, which is around $900,00 per year and taken loans for covering the remaining difference. But now, the new program would help students forego this borrowing and get the loans covered by scholarships.
The new program would be introduced for 2019-2020 academic year, said Weill Cornell. The students in the 2023 Weill Class and onwards would have their student loans replaced by scholarships which would cover housing, tuition as well as other living expenditures.
The financial aid program aims at helping students, including the ones coming from economically distinct backgrounds, to pursue medical education with no financial burden. It empowers the students to concentrate ultimately on their careers, talents and interests instead of future salaries for repaying their loans.
According to organization StudentDebtRelief.com, an average medical graduate owes around $170,000 as debt.
Augustine M. Choi, the dean of Weill Cornell, who announced about the new program, signed an op-ed recently upon the issue of debt-free medical schooling.
Notably, this announcement comes after the well-appreciated move undertaken by New York University of eliminating medical school tuition fee in August 2018.
The shareholders of AT&T have faced a rugged week.
The stock of the company is taking a dive after John Stephens, AT&T CFO shared about the price increase effects as well loss of nearly 350,000 of its subscribers at the Bank of America Merrill Lynch Media, Communications and Entertainment Conference. Prolonged blackouts of Nexstar and CBS stations both are also a reason behind the firm’s lower revenue and down stock price by nearly 15 percent on Friday.
AT&T now needs to enhance its CRM (customer relationship management) if it wishes to succeed ahead with its 2-revenue wireless subscriptions model, which includes advertising and satellite television, said Porter Bibb from MediaTech Capital Partners.
According to Bibb, Netflix has conquered CRM as well as offers an apt model to AT&T as well as other firms joining the streaming battle.
On the other hand, Elliot Group’s activist investors slammed the AT&T management and company strategies by submitting a letter containing suggestions to improve shareholder value.
Bibb defended AT&T and said that Elliot Management should be concentrating on other existing wireless providers, such as Verizon as it has no second or center revenue stream as well as comprises of just dumb pipes. It will soon become less profitable with time as new rivals such as Sprint/T-Mobile start to take away the wireless subscribers of Verizon, he added.
SmileDirectClub openedlower at around 14 percent on Thursday during its Nasdaq debut after pricing above its $19-$23 range on Wednesday. The stock value fell down by 16 percent to nearly $19 by afternoon trading.
Kyle Wailes, the CEO of SmileDirectClub told Yahoo Finance that the firm is not getting affected by the debut response, considering the long-standing potential of the firm.
Founded in the year 2014, SmileDirectClub went on to expanding into new items like overnight retailers, lip balm and teeth whitening. Besides, it has also launched across 3 nations besides the United States as well as signed deals with Walgreen Boots Alliance and CVS Health Fenkel to launch new shops in its stores.
According to Alex Fenkel, co-founder of SmileDirectClub, he is mainly upbeat on the idea of opening around 1500 stores within CVS with time. Wailes said that the firm is talking to other retailers to develop similar relationships.
These expansion attempts have driven SmileDirectClub to edge of profitability this year in contrast to other IPOs like Lyft, Slack and Uber.
Up till June, the sales of SmileDirectClub surged by 113 percent to $373mn. The operating losses on the other hand tallied at $15.7mn lower from the sum of $19mn recorded last year.
The Dow rose to its 8th day of consecutive win streak upon reports that China would exclude the US pork and soybeans from its coming tariffs round.
The Dow finished at 34 points or 0.1 percent higher, earning its biggest gains since last May. The index got closed at only 0.8 percent less than Dow’s record closing gain from July, as per Refinitiv.
On the other hand, the S&P 500 finished at 0.1 percent lower while Nasdaq Composite finished at 0.2 percent higher.
It has been a great week for the stocks as the ongoing China and US trade tensions begin to ease. All the three key indexes recorded consecutive gains in the 3rd week.
China took the decision to exclude shrimp, pesticides, cancer drugs and more previously this week from its tariffs.
The President of US, Donald Trump had his own conciliatory measure to China’s decision, agreeing to prolong a planned increase of tariff from 1 October till 15 October.
The Dow elevated by 1.6 percent this week as well as recorded its 3rd consecutive week of gains. The S&P climbed by almost 1 percent while Nasdaq rose by 0.9 percent this week.
Besides this, the Federal Reserve is expected to lower interest rates later on this year as well as in 2020.
The most renowned and hotly anticipated event for the financial sector –WeWork is very much in doubt about the debut of its stock market. An investment firm from Japan –SoftBank is a 30% shareholder of WeWork. The firm has recently urged for the hotly financial event to drop off its flotation plan.
The signs that have followed the pressure made by the outside investors shows that they do not value the hyped firm –WeWork as much as SoftBank when it invested in it the previous year. The value paid by SoftBank for holding 30-percent of the shares of WeWork amount to $47 billion.
However, certain intuitions arising that would drop the share offering of the firm’s worth more than 20 billion dollars. This is because many opaque questions are being raised by the investors concerning the governance, corporate structure, and profitability of the firm.
SoftBank would receive a low blow for lower evaluation of WeWork, which would force the Japanese company to write-down all its investments. According to the verdict made by ‘The Financial Times’, SoftBank was very much worried about its fundraising projects being affected due to the lower evaluation of WeWork. However, the chief of SoftBank, Masayoshi Son has released a positive statement saying that the profitability of WeWork shall surge after experiencing a period of loss-making.
On Monday, an announcement was made by the stock exchange operator –NASDAQ, which has now introduced yet another index that is related to cryptocurrency more likely for DeFi (Decentralized Finance).
The stock exchange operator has now joined hands with the brokerage –EXANTE, which is based in London. The ultimate motive behind this partnership is to offer DeFix index. Though this ‘real-time’ index measurement you can get hold on the information for projects like MakerDAO, Augur, and other similar ones.
All the indices of the dynamics of the promising blockchain projects in the field of decentralized finance can be reflected through DeFix. The blockchain projects refer to –Augur, Amoveo, Maker, Gnosis, Numerai, and Ox, stated NASDAQ.
Currently, the new index can be seen through NASDAQ GIDS (Global Index Data ServiceSM), its consolidated data feed comes to great help as well and is refreshed in every 60 seconds of time. As per the announcement made, users not only can view the statistics of the blockchain projects on DeFix but also they can make use of Tradingview, Yahoo Finance, and Google to keep a note on the same in the near future. NASDAQ has also partnered with the blockchain firm from New Zealand this year.
