Month: August 2020

No Picture
Trading Ideas

Top 5 Robotics and Artificial Intelligence Stocks To Buy According to Hedge Funds

August 2, 2020 admin Comments Off on Top 5 Robotics and Artificial Intelligence Stocks To Buy According to Hedge Funds

What are the best robotics and artificial intelligence stocks to buy today? In this time of uncertainty characterized by volatile market movements, economic contraction, and spiraling unemployment, finding stocks to put your money into seems like an arduous task. Some investors might think that the stock market is acting irrationally and puzzled by the quick […] …read more […]

No Picture
Trading Ideas

'Be Wary Of Cashing In': Stock Market Update For The Week Ahead

August 2, 2020 admin Comments Off on 'Be Wary Of Cashing In': Stock Market Update For The Week Ahead

The Past Week, In A Nutshell What Happened: Stocks closed the week practically unchanged after mixed reactions to a slew of blow-out earnings results.Remember This: “Although the stock market will certainly experience pullbacks, disappointments and corrections along the way, the horses have just begun this race and investors should be wary of cashing in a winning Superfecta ticket too early,” said Jim Paulsen, chief investment strategist at the Leuthold Group.Pictured: Profile chart of the S&P 500 E-mini FuturesTechnical: Broad-market equity indices held onto recent gains, evidenced by the absence of directional surprise.Recapping last week’s action: On Monday, after the prior …read more […]

No Picture
Trading Ideas

Analysts Say These 2 Stocks Are Their Top Picks for the Rest of 2020

August 2, 2020 admin Comments Off on Analysts Say These 2 Stocks Are Their Top Picks for the Rest of 2020

There’s no denying it, 2020 has been a strange year. A viral outbreak rocked the world to its core, laying waste to the global economy. At the same time, amid violent bursts of volatility, stocks revved their engines and sped forward, seemingly brushing off all of the chaos unfolding in the background. Rebounding vigorously off of March lows, the S&P 500 has crossed over into positive territory for the year so far. Making it that much more difficult to predict the market’s trajectory, COVID-19 isn’t going away any time soon, with the virus making a reappearance in several parts …read more […]

No Picture
Trading Ideas

The Week Ahead In Biotech: Novavax Coronavirus Vaccine Readout, FDA Decisions And More Earnings

August 2, 2020 admin Comments Off on The Week Ahead In Biotech: Novavax Coronavirus Vaccine Readout, FDA Decisions And More Earnings

Biotech stocks came under pressure in the week ended July 31 amid mixed earnings from the sector and some adverse clinical readouts.COVID-19 news flow continued to pour in, with big pharma tie-ups flaunting positive tidings. In the biggest ever coronavirus funding deal, the Sanofi SA (NASDAQ: SNY) GlaxoSmithKline plc (NYSE: GSK) won a joint $2.1 billion U.S. federal funding award.Here’re the key catalysts for the unfolding week:Conferences72nd National Hemophilia Foundation’s Annual Bleeding Disorders Meeting 2020 (virtual meeting): Aug. 1-8PDUFA DatesFDA is scheduled to rule on DBV TECHNOLOGIE/S’ ADR (NASDAQ: DBVT) Viaskin peanut allergy patch Wednesday. However, cancellation of …read more […]

No Picture
Trading Ideas

3 Monster Growth Stocks That Are Still Undervalued

August 2, 2020 admin Comments Off on 3 Monster Growth Stocks That Are Still Undervalued

COVID-19 has changed the rules, yet growth is still the name of the game. Sure, it’s a strange time for growth investors. On the one hand, the Commerce Department just announced that in Q2 2020, real gross domestic product (GDP) decreased at an annual rate of 32.9%, with unemployment remaining at alarmingly high levels. On the other, stocks have been firing on all cylinders, with the S&P 500 bouncing back from March lows and turning positive year-to-date. That said, there are names that have positioned themselves for growth to the upside, according to the Street’s pros. Already notching some serious …read more […]

No Picture
Trading Ideas

Pinterest Pops 36% After Quarterly Revenue Beat Fueled By Ad Recovery

August 2, 2020 admin Comments Off on Pinterest Pops 36% After Quarterly Revenue Beat Fueled By Ad Recovery

Pinterest (PINS) traded up 36% on Friday after the photo-sharing site beat second-quarter results as advertising demand started to recover in May.Shares jumped to $34.29 at the close on Friday. The company reported an adjusted loss of 7 cents per share, beating the 14 cents loss per share expected by analysts. Total revenue increased 4% to $272 million, topping the consensus estimate of $251.2 million. Pinterest ended the quarter with 416 million monthly active users, reflecting growth of 39% year-over-year and exceeding estimates of 372.7 million.Advertising spending growth rates in May improved and June showed further recovery. In July, Pinterest …read more […]