The move comes a day after California allowed manufacturers in the state to reopen operations, shut due to coronavirus-led lockdowns, which drew an enthusiastic "Yeah!!" on Twitter from Tesla Chief Executive Officer Elon Musk. Musk said Tesla aims to restart its Fremont factory on Friday afternoon, according to the Bloomberg report https://www.bloomberg.com/news/articles/2020-05-08/tesla-aims-to-restart-fremont-plant-as-soon-as-friday-musk-says?sref=y3YMCJ4e....
Stock futures rose Friday morning, holding onto gains after a regular-session rally Thursday sent the Nasdaq back into positive territory for the year to date....
E-commerce solutions provider Shopify (NYSE:SHOP) reported first-quarter earnings in early May which were strong enough to cause SHOP stock to pop 5% to all-time highs topping $700.Source: Jirapong Manustrong / Shutterstock.com But Shopify's blowout first-quarter earnings report will do much more than that.Indeed, it appears that Shopify is in the midst of a breakthrough moment wherein the company turns into the commerce backbone for every small-to-medium sized business (SMB) in the world over the next few years. Thanks to this pivotal transformation, Shopify stock appears well on its way toward $1,000-plus prices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDoes that mean it's time to chase the rally? I don't think so. I'm not a big fan of chasing rallies. Inevitably, the Shopify growth narrative will run into a hiccup. When that hiccup happens, the stock will drop. Buy that dip.But it does certainly mean that every growth investor with...
Amazon (NASDAQ:AMZN) has a current market capitalization of $1.16 trillion. Shopify's (NYSE:SHOP) is less than one-tenth of the size. Yet, if you compare both companies' latest quarterly reports, some might consider Shopify to be a better buy than Amazon stock.Source: Ken Wolter / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are my two cents on the subject. My Past Views About Amazon StockThe last time I wrote about Amazon was in early April. If you follow my writing, you know I've been on a bit of an anti-Bezos trip in recent months. The company, in my opinion, continues to make human resources mistakes that eventually will come back to haunt it.These HR missteps have seen me go from being bullish about Amazon to somewhat lukewarm. Once I felt Amazon stock would get to $10,000 in a relatively short time. Now, I'm not so sure. The company reported...
Despite incredible relevancy toward the novel coronavirus pandemic, UnitedHealth Group (NYSE:UNH) was hardly immune to volatility. At one point, UNH stock was down over 33% for the year.Source: Ken Wolter / Shutterstock.com However, in late March, shares began picking up momentum. It wasn't the only one, with other managed care organizations, such as Anthem (NYSE:ANTM), Cigna (NYSE:CI) and Humana (NYSE:HUM) enjoying similar upside.But can you trust this sector given growing concerns about economic stability?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn one hand, the case for UNH stock and its peers appears to have fundamental justification. Unlike other crises that we have suffered in the modern era, the novel coronavirus is a black swan event that has impacted all of us to a significant degree. In this manner, it's completely dissimilar to localized events, such as the 9/11 attacks or an incident that only impacts certain people, such as...
In the center of the novel coronavirus pandemic, the question on income investors' minds is whether any stock can afford to pay its dividend. United Parcel Service (NYSE:UPS) stock can handle that load.Source: Sundry Photography / Shutterstock.com For the March quarter, UPS had net income of $935 million, $1.11 per share diluted, on revenue of $18 billion. That was higher than its quarterly dividend payout of $1.01 per share. The company also announced free cash flow of $1.6 billion, also enough to clear the dividend's cost.Analysts whined about the revenue mix, which was higher for residential than commercial deliveries, and terrible for international. But UPS opened for trading May 8 at about $93, and that dividend yield is about 4.3%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Income Investors Take NoteAt a time when retired investors are reaching for yield in high-risk corporate bonds, the UPS dividend should be...
