Social media has been one of only a handful of sectors that is benefiting from the stay-at-home environment. Social distancing has forced social interactions online for the time being, but investors looking to capitalize on the surge in social media usage be surprised at the big winner.On Friday, DataTrek Research co-founder Nicholas Colas said the biggest social media winner from the COVID-19 era isn't Facebook, Inc. (NASDAQ: FB), its subsidiary Instagram, Snap Inc (NYSE: SNAP) or Twitter Inc (NYSE: TWTR).Instead, teen-oriented video platform TikTok has seen the biggest surge in Google search volume over the last 90 days. TikTok is owned by the private Chinese company ByteDance.Social Media Search Numbers Colas said Facebook and Twitter saw only a small bounce in worldwide Google search volume since global lockdowns went into effect. In the chart below, searches for Snapchat have demonstrated a similar trend, while searches for TikTok have steadily risen over...
President Trump offered a broadside against the Post Office on Friday. “The Postal Service is a joke” he said. The President a union that represents mail carriers appeared on Yahoo Finance a fews hours later and responded....
Billionaire entrepreneur Mark Cuban is keeping the door open to a possible presidential run in 2020, a move that he flirted with back in 2016 before backing Democrat Hillary Clinton in her failed bid. ...
(Bloomberg) -- A stalled initial public offering, a failed merger, and one pandemic later, DraftKings Inc. is public.The Boston-based sports-betting company jumped rose in its first trading day after completing a reverse merger with Diamond Eagle Acquisition Corp., a special purpose acquisition company. The $3.3 billion deal combining DraftKings and the gaming technology firm SBTech was approved Thursday.Its shares, after climbing as much as 18%, closed up 10% to $19.35 in New York, giving the company a market value of $6.06 billion.The DraftKings debut shows the continuing lure of both sports and public markets, even as both have been hit by the coronavirus pandemic like a 300-pound NFL lineman. And the company took plenty of hits on its road to victory.In 2015, the company was in talks with investment banks about a potential IPO only to face a market selloff that quashed its plans. After flooding the market with advertising, it...
The stock market caught a nice rally on Friday, sending it higher into the weekend as investors prep for another busy week of earnings. With that in mind, let's look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Intel (INTC) Click to Enlarge Source: Chart courtesy of StockCharts.comShares of Intel (NASDAQ:INTC) were getting buried after the close on Thursday. That's why I said by the close of trading on Friday, Intel still had a chance to hold a few key levels.That's exactly what it did.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter opening near $56.20, shares began a slow but steady rally, as Intel erased most its losses ahead of the close. That means the stock held the $56 level, as well as the 50% retracement for the 2020 range. * 30 Consumer Stocks to Buy Once the Coronavirus Pandemic Passes Now...
