Like the rest of us, Wall Street is obsessed with the novel coronavirus. Seemingly every company has some sort of Covid-19 angle, from creating personal protective gear, manufacturing medical equipment, creating or running tests and working on a vaccine. Those that have a successful angle are richly rewarded. That's where we are lately with Opko Health (NASDAQ:OPK) stock.Source: Shutterstock.com Opko, a midsize Miami-based company with a market cap of just over $2 billion, is up more than 130% so far this year. And while shares are still less than $4, the company is now trading at levels unseen since January 2019.What's driving OPK stock higher? It's Covid-19, of course? This company has two ways to play the pandemic.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Opko's Coronavirus TreatmentOpko is putting its hopes on Rayaldee, which goes by the generic name of calcifediol. Rayaldee capsules are used to treat patients...
Editor's note: This column is part of InvestorPlace.com's Best Stocks for 2020 contest. Neil George's pick for the contest is Hercules Capital (NYSE:HTGC).The second quarter of 2020 had one of the best returns for the U.S. stock market since 1998. The S&P 500 returned 20.5%, making for a huge rebound from the ghastly first quarter's plunge. And while the S&P 500 is still in the red by 3.1%, it's way, way better than that huge plunge resulting in a loss of 33.8%.But what really performed in the second quarter was the technology sector stocks. The S&P Information Technology Index returned 30.5% for the second quarter. That makes for a near-50% better return than for the general market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut one of my favorite stocks inside the model portfolios of my Profitable Investing did better than both the general market and the tech market. It...
The U.S. Treasury said on Thursday it has agreed on terms for government loans with five U.S. carriers, including American Airlines Group Inc. The Treasury said it had signed letters of intent with American, Frontier Airlines, Hawaiian Airlines, SkyWest Airlines, and Spirit Airlines under a $25 billion emergency loan program created by Congress in March. American said on Thursday it expects to close on a $4.75 billion Treasury loan in the third quarter on top of $5.8 billion in payroll assistance it was previously awarded....
With markets volatile – bouncing around the 3,000 to 3,200 range for the last two weeks – and fears rising that a second wave of coronavirus cases will force a new round of economic shutdowns, investors are giving a second look to some strong defensive stocks. We’re talking about stocks with classic defensive profiles: high yielding dividends, combined with a high upside potential. Using TipRanks database, we’ve pinpointed two such stocks. Both offer investors a fine combination of defensive traits: dividends yielding over 8%, an upside potential starting at 25%, and ‘Strong Buy’ consensus rating from Wall Street’s analyst corps. Archrock, Inc. (AROC)We’ll start with Archrock, a natural gas midstreaming company. The midstream sector connects gas extraction with the final customer; midstream companies control the pipelines, transport, and storage facilities that the natural gas industry depends on. Archrock has operations in the lower 48 states, providing the compression equipment that liquifies...
With markets volatile – bouncing around the 3,000 to 3,200 range for the last two weeks – and fears rising that a second wave of coronavirus cases will force a new round of economic shutdowns, investors are giving a second look to some strong defensive stocks. We’re talking about stocks with classic defensive profiles: high yielding dividends, combined with a high upside potential. Using TipRanks database, we’ve pinpointed three such stocks. Some are familiar names, some less so. All three offer investors a fine combination of defensive traits: dividends yielding over 8%, an upside potential starting at 25%, and ‘Strong Buy’ consensus rating from Wall Street’s analyst corps. Archrock, Inc. (AROC)We’ll start with Archrock, a natural gas midstreaming company. The midstream sector connects gas extraction with the final customer; midstream companies control the pipelines, transport, and storage facilities that the natural gas industry depends on. Archrock has operations in the lower...
Stock rose on Thursday, as investors cheered the resiliency of a U.S. economy that created nearly 5 million jobs last month in the throes of the raging coronavirus pandemic....
