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Stock futures rose Friday morning, with the three major indices on track to end the week higher....
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a......
I have to admit, there's something to be said for Luckin Coffee (OTCMKTS:LKNCY). The company has had an accounting scandal involving millions of fraudulent transactions. That scandal caused the removal of its CEO. As a bonus, Luckin stock dropped so low it was delisted.Source: Keitma / Shutterstock.com And yet, like a phoenix rising from the ashes, Luckin stock continues to draw the attention of traders. Since beginning to trade again in May, shares have more than doubled and been more than cut in half. My InvestorPlace colleague, Mark Hake, makes a reasonable case that shares of Luckin stock may be priced just about right.But then again, Hake acknowledges his back of the envelope math is not based on full information. At the time of this writing, the company has not yet offered a date for the release of its earnings. And that should give investors a bit of concern. Because right...
A sudden wariness about speculative tech stocks - along with the disappointment of some investors in the number of orders for Nikola's (NASDAQ:NKLA) upcoming truck -- have caused Nikola stock to slide meaningfully in recent days. Selling by institutional investors who bought shares when the company was private likely also contributed to the slide.Source: Stephanie L Sanchez / Shutterstock.com The downturn is likely to continue for a while. However, given the company's strong potential, I think that long-term, risk-tolerant investors should consider buying the shares if they fall another 30%-40%.In recent days, many investors seem to have become alarmed about the high valuations of some tech stocks. Among the victims of this new-found caution is Tesla (NASDAQ:TSLA), which Nikola is clearly trying to emulate. The name "Nikola" kind of gives it away.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom their peak on Monday morning to Wednesday afternoon, Nikola's shares...
(Bloomberg) -- Luxshare Precision Industry Co. is acquiring Wistron Corp.’s iPhone production business in China via a $472 million deal, potentially becoming the first mainland company to win a coveted role assembling Apple Inc.’s device during U.S. trade tensions.Taiwan-based Wistron, one of just three contract manufacturers that assemble Apple’s iPhones, said Friday it’s agreed to sell two subsidiaries in eastern China for 3.3 billion yuan to Luxshare. One of those units, based in the city of Kunshan, is Wistron’s sole iPhone manufacturing site, according to people familiar with the company’s business.The deal is a win for Luxshare, which produces accessories and components from cables and chargers to antennas but is also the world’s biggest manufacturer of Apple’s AirPods -- a lucrative business that helped the company become one of 2019’s top Asian stock performers. Apple in turn has sought a mainland Chinese partner in part to broaden local sources during a...
Right now the markets are facing down high unemployment and business closures, with a health crisis added to the mix. It's safe to say that this was not a good year for the American economy -- and specifically not for banks. With interest rates close to zero, large bank stocks saw some of their biggest price drops in decades.There were some macro developments in the economy, such as the fall in unemployment rates each month as businesses begin to open up. However, the banking industry continues to remain one of the more befuddling sectors as corporations face the risk of loans gone bad and low interest rates.Companies kicked off earnings season this week and bank stocks saw some volatility on Tuesday in anticipation of the results. JP Morgan (NYSE:JPM) shares rose 0.6% while Wells Fargo (NYSE:WFC) stock dropped 4.6%, among others.InvestorPlace - Stock Market News, Stock Advice & Trading Tips *...
