A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Hiring improved in May, but 559,000 new jobs aren’t enough to spur the Federal Reserve to begin to talk about tapering back its bond purchases. Friday’s Labor Department report on new payrolls was below the 671,000 expected
Spec Stock Staff
The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images DocuSign – Shares of the electronic signature company surged 17% after beating on the top and bottom lines of its quarterly earnings. DocuSign earned 44 cents per share on
Traders work on the floor of the New York Stock Exchange. NYSE Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer price index is reported Thursday, and it could be hot after it surged at a
The most essential infrastructure in America can be described in one word. Microsoft (NASDAQ:MSFT). Forget roads. Forget ports, whether air or sea. Forget broadband. It’s Microsoft’s cloud network, software, and engineers that keeps America going and growing. So what does this mean for MSFT stock? Source: NYCStock / Shutterstock.com Microsoft today is more important than
It cannot be understated how greatly the entire market was affected by 2020. Every industry saw radical changes, and while numerous companies saw their performance worsen drastically, we’ve begun to see recovery and the possibility for new highs. Manufacturing stocks represent a chance to be part of this growth. Last year, the market rallied as
There are investors who follow very specific investment strategies. A good example is several investors or funds just focusing on initial public offerings. Similarly, I have seen investors who focus entirely on turnaround stories. In the recent past, there has been an army of Reddit users who have targeted heavily shorted stocks for a squeeze.
The merger between SoFi Technologies (NYSE:SOFI) and Social Capital Hedosophia Holdings Corp. V was completed on May 28. On June 1, SOFI stock began trading in New York. Source: rafapress / Shutterstock.com On its first day of trading, SOFI gained approximately 7%. Now that SoFi is a public company, what does it do for an
Baidu (NASDAQ:BIDU) has been a puzzle for investors. The Chinese internet search giant saw its shares slump in value in 2018 and 2019. As 2020 wound down, they suddenly caught fire and kept rising. Between late November 2020 and mid-February, BIDU stock shot up by 150%. That is phenomenal growth for a mature company. Source:
Li Auto (NASDAQ:LI) is a Chinese electric vehicle (EV) stock that seems to be too cheap. Here is the reason. It trades for just 4.4 times forward sales, according to Seeking Alpha’s compilation of analysts’ estimates. But its peers in the Chinese EV market have much higher valuations. There doesn’t seem to be any good
Should traders and investors buy SoFi Technologies (NYSE:SOFI) stock? As a short-term trade, the shares may be profitable. This name, which merged with the SPAC known as Social Capital Hedosophia Holdings V, could attract enough buyers to bounce back towards its all time high of around $28 per share. Source: rafapress / Shutterstock.com SoFi stock
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