After months of turmoil, AT&T (NYSE:T) stock looks to have bottomed and is finally trending higher. Source: Jonathan Weiss/Shutterstock The iconic American company that is today the world’s biggest telecommunications company and the largest provider of mobile telephone services in the U.S. has struggled this year as its stock price has endured a roller-coaster ride
AT&T (NYSE:T) announced on May 17 that it would spin-off its WarnerMedia subsidiary and merge it with Discovery Communications (NASDAQ:DISCA, NASDAQ:DISCB, NASDAQ:DISCK) to create another massive media conglomerate. T stock has lost 13% of its value in the three months since. Source: Shutterstock In 2021, AT&T’s stock has traded below $30 for all but a
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp has more than doubled its valuation since its previous round just five months ago amid torrid revenue growth and strong demand for fintech investments. Ramp is raising $300 million in a Series C round at a $3.9 billion valuation,
Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the top and bottom lines for the second quarter. Best Buy earned $2.98 per share, compared to a $1.85 a share. consensus estimate. Comparable-store
InvestorPlace’s Brenden Rearick reported on Aug. 17 that Renaissance Technologies upped its stake in AMC Entertainment (NYSE:AMC) in the second quarter by 260%. The hedge fund now owns more than 1.8 million shares of AMC stock. Source: Helen89 / Shutterstock.com Jim Simons, the billionaire who runs the hedge fund, seems to be saying yes to
Companies rushed to have their employees work from home as governments imposed locked downs. This led to a goldrush in stay-at-home investments, particularly for technology firms. Software companies that enabled virtual meetings and remote working flourished while other sectors floundered. Now that countries in the developed world have rolled out vaccinations, investors should consider hot
Healthcare REITs have dramatically underperformed the broader market over the last 12 months due to the impact of the coronavirus crisis on their business. However, investors should not dismiss these stocks, particularly given that the broad market has doubled off its bottom last year and is now trading at a rich valuation level. While healthcare
A spate of positive developments may be helping to keep AMC Entertainment (NYSE:AMC) stock steady. But should investors take this as a sign that it’s wise to buy in now, ahead of this “meme stock” favorite of the Reddit trading community surging higher once again? Source: viewimage / Shutterstock.com Not so fast. Its recent resiliency
In this article HOOD MRO BA SPCE PFIZER-IN A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Stephen Brashear | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of Boeing
At the end of June, I wrote about Ocugen (NASDAQ:OCGN) and OCGN stock. I said that at $8.35, it was ridiculously overvalued. I also said if it were worth $8, I’d eat my hat. Source: Shutterstock Naturally, once OCGN stock blew through $8 on Aug. 9, I’d hear from the peanut gallery about my statement.
The materials sector includes companies engaged in the discovery, development, and processing of raw materials, which are used across a broad range of sectors and industries. Materials stocks include manufacturers of products as varied as plastic, fertilizer, paper, concrete, and metals. Prominent names include Ecolab Inc. (ECL), Air Products and Chemicals Inc. (APD), and DuPont
REITs are benefitting from rotation into defensive areas of the market and change in rate outlook. Vanguard Real Estate ETF: https://www.zacks.com/funds/etf/VNQ/profile?cid=CS-YOUTUBE-FT-VID Schwab U.S. REIT ETF: https://www.zacks.com/funds/etf/SCHH/profile?cid=CS-YOUTUBE-FT-VID Real Estate Select Sector SPDR Fund: https://www.zacks.com/funds/etf/XLRE/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P 500 ETF: https://www.zacks.com/funds/etf/SPY/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
The time to buy tech stocks is when they go out of favor. So now might be a good time to look at Roku (NASDAQ:ROKU) stock. Source: jejim / Shutterstock.com Roku has lost one-quarter of its value in less than a month. It cost $476 a share on July 19. Now it’s at $351. Even
Stock market gauges such as the S&P 500 index and Nasdaq 100 index continue to sit at or near all-time highs. While leading stocks continue to perform admirably, many companies have had a difficult summer. Small-cap firms, special purpose acquisition companies (SPACs), and unprofitable tech companies have seen their shares dive. If the corrections spread,
In this article NGCA BA The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit, the satellite-launching spinoff off of Sir Richard Branson’s Virgin Galactic, is preparing to go public, announcing Monday that it will merge with a SPAC
In this article TRIL-CA MRNA PFE 22UA-DE COIN BA Check out the companies making headlines before the bell: Boeing (BA) – Boeing added 1.2% in the premarket, following news that it planned to invest in a SPAC merger planned later this year by Richard Branson’s satellite launch company Virgin Orbit. Virgin Orbit plans to merge
For folks who are unaware, I run a cryptocurrency-focused research advisory called Crypto Investor Network with legendary early Bitcoin investor Charlie Shrem. Together, we’ve created a blockbuster portfolio of crypto picks that, in less than a year, has an average return of 174% per pick. Yes. You read that right. Our crypto picks have risen,
Following its debut on the NASDAQ exchange, Robinhood (NASDAQ:HOOD) might just be “the first meta-meme stock.” But that by-itself doesn’t make buying shares in the brokerage app a strong opportunity. As I recently broke it down, there are many reasons why chasing the stock after its IPO isn’t the best move. Traders who flipped it shortly
A cryptic hand gesture by Lucid Motors (NASDAQ:LCID) CEO Peter Rawlinson (made twice!) has Twitter (NYSE:TWTR) on fire as investors begin to speculate what it could mean. Source: Lucid Motors Rawlinson was photographed at two recent Lucid press events playfully throwing up four fingers. Not quite a TikTok-friendly “Sheesh,” but many are interpreting his hand
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images When junior bankers at Goldman Sachs complained about what they called “inhumane” working conditions in an