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As the EV sector remains hot, should you buy Workhorse Group (NASDAQ:WKHS) stock? Rallying more than 400% so far this year, investors have started to hit the brakes. Reaching prices as high as $22.90 per share in early July, the electric-powered delivery truck maker's shares have slipped down to around $16 per share.Source: rblfmr / Shutterstock.com It's no surprise shares have fared so well in recent months. With speculators buying up anything remotely EV-related, smaller names like this one have seen gains that make the strong returns of Tesla (NASDAQ:TSLA) seem mild by comparison.Yet, as those trading EV stocks on FOMO and momentum take profits, can this potential disruptor hold onto its recent gains? It's debatable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn one hand, the company has a strong catalyst on the horizon. I'm talking about the potential for the company to win a lucrative contract with the...
New analysis from Yahoo Money breaks down how much Senator Kamala Harris and her husband are worth heading into the 2020 election. Yahoo Finance's Zack Guzman and Jessica Smith discuss....
With demand for flights climbing and investors starting to internalize the idea that a vaccine for the novel coronavirus will likely be available soon, the near-term outlook of General Electric (NYSE:GE) and GE stock is positive.Source: Sundry Photography / Shutterstock.com Meanwhile, the company's finances and its longer-term prognosis remain strong. As a result, I recommend that investors buy the shares at their current levels. GE Stock Aviation Unit Looks Poised for a Strong RecoveryOn GE's second-quarter earnings conference call, CEO Larry Culp reported that the number of flight departures in China was down just 9% year-over-year (YoY) as of July, while the number of flights in both Europe and the U.S. were 45% lower. Culp noted that demand for flights in Europe had been increasing since the beginning of July, while demand for tickets had been increasing in the U.S. "until very recently."InvestorPlace - Stock Market News, Stock Advice & Trading...
I hate to say it, but I think Warren Buffett and the rest of the crack investment team at Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) have run out of good ideas if Bank of America (NYSE:BAC) and BAC stock is their second-largest holding. Source: Jonathan Weiss / Shutterstock.com As of Berkshire's Aug. 4 filing, the holding company now owns 11.9% of Bank of America, worth a cool $28.2 billion or 11.4% of its $246.6 billion equity portfolio. If you're Berkshire shareholder, take solace in the fact the company's Apple (NASDAQ:AAPL) stake is almost four times as large. I don't think you have to be Warren Buffett to know Apple's growth potential is much higher than Bank of America's. But I digress. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBuffett might own a big chunk of Bank of America, but that doesn't necessarily make it a buy. Here's why. BAC Stock Hasn't...
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world's top economies gear up to review a January deal after a prolonged trade war. Chinese state-owned oil firms have tentatively booked tankers to carry at least 20 million barrels of U.S. crude for August and September, the people said, moves that may ease U.S. concerns that China's purchases are trending well short of purchase commitments under the Phase 1 of the trade deal. China had emerged as a top U.S. crude buyer, taking $5.42 billion worth in 2018 before trade tensions brought flows to a near halt....
Momentum remains positive...
