(Bloomberg) -- The same trends behind soaring stock prices for Amazon.com Inc. and Zoom Video Communications Inc. are benefiting shares in the companies associated with their real estate.Communication towers and data center stocks -- sometimes referred to as “where the internet lives” -- have seen some of the biggest gains in the S&P 500 so far this year as stay-in-place measures to combat the coronavirus have accelerated the demand for digital services and connectivity.Whereas the pandemic has severely hit many commercial property owners, shares in real estate investment trusts related to technology are outperforming. The combined market value gained by just five of those stocks is almost the same as the amount lost by 30 REITs specializing in malls and shopping centers, according to data compiled by Bloomberg News.“If you’re a real estate investor and your mandate is to own real estate, you’re obviously not doing very well owning offices or...
Stocks were mostly lower Thursday morning as investors digested a slew of new economic data reports, including new weekly jobless claims and May durable goods orders....
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]...
Biotech stocks give a whole new meaning to risk/reward plays. Unlike names inhabiting other areas of the market, these tickers can witness explosive movements in the blink of an eye, giving them a Street reputation for their high volatility.Companies in the biotech industry are unique in that their long-term growth prospects don’t necessarily hinge on quarterly profit results. Rather, clinical trial data or verdicts from regulatory bodies can have a more meaningful impact as product approvals indicate vital revenues are on the horizon. This means any positive development can act as a catalyst that sends shares skyrocketing. The flip-side, however, does hold true, so the risk-averse tend to shy away from these names.So, how are investors supposed to determine which biotech stocks are capable of outperforming the rest? Tracking the analyst community’s activity can be an effective strategy. The pros, who have in-depth knowledge of the industry, offer insight into many...
(Bloomberg) -- Here we go again. A day after filing for bankruptcy protection, shares of GNC Holdings Inc. had their biggest gain in weeks.GNC jumped as much as 71% in New York on Thursday. That’s the biggest gain since June 8, with the beleaguered stock briefly trading for over $1 a share -- the highest in more than a week. It’s happening even though the company’s turnaround plan warns shareholders they’ll be wiped out.The move will likely remind investors of the bizarre trading this month in Hertz Global Holdings Inc. Its stock rose almost tenfold after the car renter filed for court protection, even though there’s little or no hope that shareholders will get anything when the case wraps up.Like Hertz, GNC is a popular stock among retail investors who use commission-free brokerages. Ownership of GNC shares in Robinhood users’ accounts has steadily increased since mid-March, according to data compiled by...
The average cost per roadside repair is up 30% year over year, but five systems account for almost 70% of the work – identifying where many fleets might want to focus their attention. ...
