The rally in Carvana (NYSE:CVNA) truly has been incredible. After plunging during the market's panic in March, CVNA stock has gained 450% from its lows, and trades at an all-time high.Source: Jonathan Weiss / Shutterstock.com On its face, the rally seems like far too much. Carvana is unprofitable. The coronavirus pandemic disrupted its business, as it did so many others. Effects may linger for the rest of the year, if not longer.And yet CVNA stock is now up 34% so far in 2020. It has a market capitalization over $20 billion. Incredibly, Carvana is now more valuable than CarMax (NYSE:KMX), whose revenue is almost five times as large.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI don't think that knee-jerk reaction is quite right. Investors can't make the same mistake now that the market did in March: focusing on short-term disruption while ignoring long-term potential. Carvana has real long-term potential.Still,...
The global pandemic exposed many gaps in the current healthcare system, to say the least. A result of these newly revealed shortcomings, telemedicine has become a big part of the solution. By digitalizing healthcare services as much as possible, we can reduce strain on the system, lower costs and increase access for patients with mobility issues.There aren't many pure names when it comes to pure telehealth stocks, though a variety of companies are entering the arena. Additionally, a variety of healthcare and technology stocks could benefit from the increased availability of healthcare services.Teladoc Health Even before COVID-19 pushed Teladoc Health, Inc. (NYSE: TDOC) into the spotlight, the service had shown it ability to grow its platform capacity, serving 100 million members by 2020. Since the start of the year, share price has grown 130%, which has fostered a 20x price-to-sales ratio, which is fairly lofty for an early-stage growth company that...
For department store giants like Macy's (NYSE:M), the novel coronavirus pandemic was precisely the opposite of what they needed. Even in the best of times leading up to the crisis, brick-and-mortar stores dependent on the slowly dying shopping mall business model were struggling. But the coronavirus was particularly cruel to Macy's stock, which saw its market value plummet.Source: Joe Tabacca / Shutterstock.com In all fairness, Covid-19 wasn't the culprit for the company's fundamental woes. Instead, it has merely accelerated the once-iconic retailer's seemingly inevitable path to destruction. Yes, the pandemic caused shoppers to stay at home. However, from the perspective of long embattled stakeholders of Macy's stock, the American consumer might have well been under quarantine for the last ten years.Obviously, the rise of e-commerce, specifically Amazon (NASDAQ:AMZN) began severely impeding Macy's comeback efforts. The only card that the department store has right now is the physical experience. While that turned...
When building a retirement portfolio, the goal is to grow your assets for the long term. Since no one knows which asset classes will lead and which will lag, diversification is paramount. And Vanguard ETFs are an easy way to get some diversification.If you're further than 10 years from retirement, it's wise to lean towards a more aggressive portfolio to capture the higher equity returns. As retirement approaches, dial back equities and increase fixed and cash equivalent holdings.If you're healthy and retire in your 60's you might have an additional 20-plus years in retirement, so don't forgo the stock market. In fact, you may want to ramp up equity investing as your retirement advances. This reverse glidepath strategy was suggested by Michael Kitces and Wade Pfau in an article on the Nerd's Eye View entitled, "Should Equity Exposure Decrease In Retirement, Or Is A Rising Equity Glidepath Actually Better?"InvestorPlace - Stock...
(Bloomberg) -- Markus Braun’s almost two decades as Wirecard AG’s chief executive officer ended after accusations about the company’s accounting culminated in a shock disclosure that it was was unable to locate 1.9 billion euros ($2.1 billion).James Freis has been appointed interim CEO, Wirecard said in a short statement Friday. A recent hire and former compliance executive at Deutsche Boerse AG,, Freis was only named as a member of the management board on Thursday.Braun’s exit comes after a catastrophic few days for Wirecard, which suffered a share price collapse after the two Asian banks that were alleged to be holding the missing cash denied any business relationship with the company.Wirecard is now facing a potential cash crunch. The company warned Thursday that loans as much as 2 billion euros could be terminated if its audited annual report is not published on Friday. Analysts at Morgan Stanley estimated that Wirecard has available...
