Category: Stocks

As tech stocks dip, is insurtech startup Root targeting an IPO?
, ,

As tech stocks dip, is insurtech startup Root targeting an IPO?

This debut could clarify Lemonade’s IPO and valuation During the week’s news cycle one particular bit of reporting slipped under our radar: Root Insurance is tipped by Reuters to be prepping an IPO that could value the neo-insurance provider at around $6 billion. Coming after two 2020 insurtech IPOs, Root’s steps towards the public markets…

Read More
These 21 Stocks Will Lead the Next Market Upsurge: Goldman Sachs
, ,

These 21 Stocks Will Lead the Next Market Upsurge: Goldman Sachs

The five largest stocks in the S&P 500 could be replaced as market leaders.Goldman used the Rule of 10 criteria to identify 21 stocks that could beat the market.Salesforce, Paypal, and Netflix are among those top stocks.Five mega-cap stocks have led the U.S. stock market rally–Facebook, Amazon, Apple, Microsoft, and Alphabet (FAAMG stocks). They currently…

Read More
Travel Stocks Are Soaring on Vaccine Optimism. Can They Fly Higher?
, ,

Travel Stocks Are Soaring on Vaccine Optimism. Can They Fly Higher?

Travel stocks soared Monday as optimism about a Covid-19 treatment and vaccine mounted. A vaccine might not be the silver bullet investors are anticipating. Travel stocks will likely have a bumpy ride in the coming months. The S&P 500 hit another all-time high Monday, as optimism surrounding a Covid-19 treatment and vaccine drove stocks higher,…

Read More
Gold & Silver Stocks Could Undergo a Kodak-Esque Parabolic Rise
, ,

Gold & Silver Stocks Could Undergo a Kodak-Esque Parabolic Rise

Gold and silver prices have surged of late before undergoing a bit of profit-taking. While owning physical gold and silver will be fruitful for investors in the time to come, putting all eggs in one basket is always a risky strategy. Gold and silver mining companies provide a diversification opportunity. A spectacular surge in gold…

Read More
Stocks Looks Unstoppable – But the Banks Know Everyone’s Broke
, ,

Stocks Looks Unstoppable – But the Banks Know Everyone’s Broke

U.S. megabanks are setting $28 billion aside to offset bad debt – much more than economists predicted. Wall Street’s financial giants are living off record trading revenue. With a storm of loan defaults on the way, the stock market is ignoring the bleak story the banks are telling. U.S. megabanks have better insight into the…

Read More
As Stocks Soar, One Metric Shows 60 Mega-Bankruptcies this Year
, ,

As Stocks Soar, One Metric Shows 60 Mega-Bankruptcies this Year

NYU Professor Edward Altman created the “Z-Score” to track the likelihood of bankruptcy. More than 30 companies with over $1 billion in liabilities have filed for Chapter 11 this year. Z-Score trends suggest the number will top 60. Another day, another bullish move for stocks. Behind the market numbers, a different set of headlines about…

Read More
Why Marijuana Stocks May Be the Market’s Surprise Post-Pandemic Winners
, ,

Why Marijuana Stocks May Be the Market’s Surprise Post-Pandemic Winners

As the stock market rises aggressively, marijuana stocks could offer investors value. Smaller stocks with narrow business models like Trulieve are a better bet than flashier companies. Scotts Miracle-Gro is a shrewd pick if you’re looking for an established name with less risk. With virus cases surging in several U.S. states, it’s anyone’s guess how…

Read More
Stocks Cheer as Biden Charts a Moderate Course for the Economy
, ,

Stocks Cheer as Biden Charts a Moderate Course for the Economy

The presumptive Democratic candidate is looking at a moderate, pro-growth approach to the economy. The economy is one area where Biden lags Trump in the polls. Progressives are frustrated, but markets like what they hear so far. Stocks surged in late trading Wednesday, as Joe Biden’s campaign team leaked details about his upcoming proposal for…

Read More