With inflation through the roof, retailers are struggling. All we have to do is look at the earnings disasters from Walmart and Target for proof. Target posted adjusted EPS of $2.19 a share, which fell short of expectations for $3.07.…
Days ago, AMTD International (AMTD) went ballistic, running from about $1 to $12.90. Now, we’re watching as Magic Empire Global Limited (MEGL) follows suit. New to the market, the stock is up 2,900% at the moment at $120. For those…
Investors may want to pay close attention to biotech. For one, the sector is still one of the safest, most recession-proof investments around. Two, an aging population is demanding more treatments in an effort to live longer lives. As this…
Solar stocks could see brighter days ahead. All after Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., said they reached a deal on climate spending. In fact, the “Inflation Reduction Act of 2022” now includes $369 billion…
Coinbase (COIN) is having a tough day. At the moment, shares are down more than 17%, or $12 a share on heavy volume of 18.2 million shares, as compared to its daily average of 15.5 million. All on news it’s…
Pay close attention to Tesla (TSLA). On heavy volume, the EV stock is up about $70 on the day. All after second quarter earnings came in better than expected. EPS, for example, came in at $2.27, which was higher than…
With sky-high inflation, consumer stocks have been hammered. Consumer prices soared 9.1% in June, year over year – its fastest pace since 1981, and well above expectations for 8.8%. Worse, the producer price index was up 11.3% in June—prices which…
Aside from the coronavirus, moneypox is apparently making the rounds. “Doctors warned that numbers will rise significantly as the virus spreads through Europe and as far as the US, Canada and Australia. Spain now has the highest number of infections,…
Crisis may be an opportunity for Altria Group (MO). At the moment, the stock is severely oversold at double bottom support dating back to late 2021. It’s also over-extended on RSI, MACD, and Williams’ %R. From a current price of…
Just last week, we noted oil prices could fall even more. In fact, we noted: “According to AAA, the drop-in oil and gasoline futures prices stemmed from traders’ concerns about an overall drop in U.S. economic activity following the Federal…