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Since June 8, stocks have been moving, but they’ve been going in a sideways direction. While this movement combined with low expectations for Q2 earnings is concerning, one Wall Street pro believes this stock-market action will get “resolved to the upside.” What’s behind his bullish thesis? Unprecedented levels of credit and liquidity.Canaccord chief market strategist Tony Dwyer wrote, “Over the past week, the economic data continued to surpass expectations at a historic rate, there was further indication of a broad recovery in the global economy, and excess liquidity that has supported financial assets surged to an even more historic level.” All of this comes as the rate of new COVID-19 cases spikes and Democratic presidential nominee Joe Biden leads in the polls, which has “kept the markets in a consolidation pattern.”Further supporting his optimism, Dwyer cites the recent positive economic data, evidence that “real liquidity” has notched an all-time high as...
If you want to know who really controls Zynex, Inc. (NASDAQ:ZYXI), then you'll have to look at the makeup of its share......
An average of 80% of fleets and the mobility community are back at work full time, according to a Geotab survey, and 90% believe their company will survive through the pandemic, although they face major income loss. However, more than half of respondents were unsure when business would be operating at “normal” levels. ...
An average of 80% of fleets and the mobility community are back at work full time, and 90% believe their company will survive through the pandemic, although they face major income loss. However, 52.4% of survey respondents were unsure of when their business would be operating at “normal” levels. ...
On Tuesday, Boris Johnson surprised Washington by announcing a ban on all new Huawei 5G equipment after Dec. 31. Separately, Digital Secretary Oliver Dowden stated that U.K. mobile providers must remove all Huawei gear by 2027. Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC), Huawei's competitors, both jumped 3% on the news. Far more upside for Nokia stock is yet to come.Source: RistoH / Shutterstock.com For months now, the U.S. government has warned its allies about Huawei, a Chinese state-owned telecom provider with strong ties to the Chinese Communist Party. Their concern may be well-placed. Why? Chinese companies have a long history of illegally collecting data.The list seems straight from a spy novel, from hiding tiny chips on Chinese-made motherboards, to installing spyware in tax software of multinational audit firms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo how much should we worry? Well, those tiny chips mentioned above were headed for an...
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want......
