Author: Spec Stock Staff

5 Top Stock Trades for Wednesday: GE, SHOP, MMM, CGC, CRON

It was a choppy, mostly directionless day in the markets as investors gear up for some heavy-hitting earnings reports. With that in mind, let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: General Electric (GE) General Electric (NYSE:GE) broke down to new lows in May before reversing higher and…

Take a first look inside Virgin Galactic’s spaceship cabin for tourists

Virgin Galactic is giving its customers a first look inside the cabin that will carry them to the edge of space and back, as the space tourism company gets closer to finishing development of its spacecraft. “Every seat is a window seat,” Virgin Galactic design director Jeremy Brown told CNBC about the interior. The cabin’s design…

Earnings: Companies clash over whether second quarter was the bottom

A customer leaves a Sherwin-Williams Co. store Daniel Acker | Bloomberg | Getty Images With one-third of the S&P 500 reporting, there’s a battle shaping up between two stories. One is somewhat bearish: The reopening is slowing, and the second half will not see the V-shaped recovery anticipated at the height of reopening euphoria in…

Stocks making the biggest moves after hours: FireEye, AMD, Visa and more

Check out the companies making headlines after the bell:  Starbucks — Shares of the coffee giant jumped 5% in extended trading after the company posted its third-quarter financial results. The company reported a third-quarter loss of 46 cents per share excluding some items on revenues of $4.22 billion. Analysts surveyed by Refinitiv expected as a loss of…

Advanced Micro Devices Earnings: What Happened

Key Takeaways Adjusted EPS was $0.18 vs the $0.16 analysts expected. Gross margin rose in line with expectations. Revenue also matched expectations as AMD grew despite global economic troubles. What Happened AMD announced its Q2 2020 earnings on July 28, 2020, and reported slightly higher-than-expected profits. While its revenue and gross margin matched what analysts…

It Will Be a Long, Long Time Before Carnival Stock Is Worth Owning Again

Carnival Corp. (NYSE:CCL) is making intelligent moves in response to novel coronavirus pandemic. The company is selling ships, cutting costs, and streamlining operations, but investors are still skeptical of investing in CCL stock. Source: Ruth Peterkin / Shutterstock.com We are still a long way away from seeing volumes return to pre-pandemic levels. Cruise lines served…

JPMorgan Chase partners with fintech start-up Marqeta to launch ‘virtual’ credit cards

A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards.  The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards…

Stocks making the biggest moves in the premarket: McDonald’s, 3M, Pfizer, Harley-Davidson & more

Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate….

Speculative Investors Should Buy Sorrento Stock

Several of Sorrento Therapeutics’ (NASDAQ:SRNE) drugs have significant potential. I believe that the drugs could be approved for compassionate use by the end of this year while many people are still sick with the novel coronavirus. The valuation of SRNE stock is relatively low, making the shares attractive for long-term, speculative investors. Source: Shutterstock Several…

Get Comfortable With a Stake in Purple Stock

Billing itself as “a leading comfort technology company,” Purple Innovation (NASDAQ:PRPL) designs and manufactures pillows, cushions, mattresses and other products with its fancy “Hyper-Elastic Polymer technology.” Traders largely ignored Purple stock for years, but the share price has suddenly skyrocketed. Source: Shutterstock What exactly is going on? Purple isn’t what most folks would consider a…