Here’s a surprise: Action camera maker GoPro (NASDAQ:GPRO) reported second-quarter numbers, and downtrodden GPRO stock actually rallied big in response. As of this writing, GPRO stock is up more than 15% in response to the company’s second-quarter earnings report. Was the report actually good enough to change the long-term trajectory for GPRO stock? No. Revenues and
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Tax and financial advisory firm RSM estimates that a full-scale trade war will cost the U.S. over $1 trillion. (Shutterstock) Wars aren’t free. That includes trade wars. The Trump Administration is currently fighting a trade war with China, but also has tariffs on goods coming from Russia and Brazil. And trade relations with the European Union,
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It’s a different market than it was at the beginning of 2018. Volatility has returned, even if it remains modest relative to historical levels. Big names like Procter & Gamble (NYSE:PG) and Walmart (NYSE:WMT), among others, have seen precipitous share price declines after record highs. What’s more, we’ve seen the first trillion-dollar company in Apple (NASDAQ:AAPL) It’s a
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ICE’s announcement about building a new ecosystem for digital assets is a double-edged sword for cryptocurrencies. Photo credit: Shutterstock Intercontinental Exchange (NYSE: ICE), parent of the New York Stock Exchange, today announced it is building Bakkt, a new ecosystem for cryptocurrencies, along with several partners. This is a major step in the mainstreaming of bitcoin and
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Interest rates are below the magic 3% number, earnings are strong, unemployment is low and the economy just came off its best quarter in 4 years. Can it get any better? Maybe. But if it even stays close to these bullish indicators, stocks will continue to climb. And if the broad market doesn’t cooperate, there
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No doubt you’ve heard: Apple (NASDAQ:AAPL) has become the world’s first $1 trillion company thanks to the success of the iPhone X and the growing importance of its services/subscriptions ecosystem. The move is having a positive effect on the rest of the market, dragging shares up and out of negative territory at the open as
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U.S. stock futures are trading modestly higher this morning. Sentiment on Wall Street is being boosted by follow-through buying on Apple (NASDAQ:AAPL), which hit a $1 trillion market cap yesterday following earnings. However, there is some trepidation in the air ahead of today’s July non-farm payrolls report. Economists project that the U.S. economy added 194,000 new
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Unlike many low-priced stocks that surge on news, Naked Brands Group (NASDAQ:NAKD) has a large business. For the 12 months ending January 2018, Naked Brands racked up ~$90 million in revenues. Unfortunately, like all too many low-priced stocks, NAKD stock is likely to slump as the initial hype fades. In Wednesday’s trading, traders dumped NAKD stock,
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The author owns shares in AP Moeller-Maersk, CVS Health, Jardine Matheson, the PIMCO 15+ Year U.S. TIPS Index Fund and the SPDR Gold Trust.  The trend is your friend is an investment adage that is usually associated with short term traders, employing technical analysis or other momentum strategies. It can also apply to thematic investors seeking to
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After Pandora‘s (NYSE:P) second straight strong quarterly earnings report, more people on Wall Street are finally getting enthusiastic about Pandora stock. But P stock is poised to rise much further than even Wall Street’s bulls realize. As I’ve noted previously, Pandora has definitely hit on a winning formula for significantly expanding its paid subscriber base. Last
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CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future profitability, after the electric automaker
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