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All Posts Term: Market News
249 post(s) found
Market NewsTechnology

How Automotive Companies are Helping to Fight COVID-19

GMFordTeslaVentilators

With the virus pandemic of the coronavirus significantly impacting the country, a considerable strain is being placed on the United States healthcare system. Hospitals are starting to realize that they were severely under-prepared for a massive virus outbreak like the coronavirus. To help stop the growing shortage of medical supplies, major brands of all industries are mass producing these products in their facilities.

One of the most heavily impacted cities is New York City. As the number of confirmed cases of the coronavirus have risen, a growing number of hospitals can not keep up with the demand for the ventilator systems. Without ventilators, a respiratory virus like the coronavirus could lead to extreme trouble breathing or even death. On March 22nd, New York City Mayor Bill de Blasio stated: "if we don't get more ventilators in the next 10-days, people will die who don't have to die."

GM, Ford, and Tesla Made Ventilators

To meet the demand of the needed ventilators, large automotive manufacturers are stepping up to the plate to increase production speeds. To help lessen the shortage of ventilator systems, major automotive manufacturers GM, Ford, and Tesla are partnering with medical device manufacturers to mass-produce ventilators to help supply the hospitals in need. More urgently, New York City is getting the bulk of these produced ventilators by the automotive manufacturers. Currently, New York City has around 6,000 ventilators on hand; New York City is projected to need nearly 30,000 to meet the demand of the pandemic.

Tesla

Tesla founder Elon Musk has become proactive in the fight against the coronavirus by recently supplying Los Angeles with 1,200+ ventilators to use for their struggling hospitals with a ventilator shortage. Elon Musk is also converting his Tesla Gigafactory in New York City into a ventilator production facility after pairing up with a medical device manufacturer to increase production speeds. Elon Musk has stated that the factory will start production "as fast as humanly possible." With the coronavirus quickly growing in confirmed cases, this is an urgent need for the impacted communities across the United States.

Trump Encourages Tesla, GM & Ford To Make Ventilators

Market NewsTechnology

Virgin Galactic Stock – Profit or Peril?

VirginGalacticStock

Jeff Bezos, Elon Musk, Sir Richard Branson, can you imagine being a fly on a wall at a boardroom discussion between these three titans of industry? What would you overhear as they whizzed between topics like a pinball in a pinball machine? Certainly, it would feature an animated dialogue about their shared desire to commercialize space travel.

At present, Richard Branson’s Virgin Galactic is the only one of the big three companies participating in the commercial space race to be publicly traded, and therefore available for Joe and Jane Public to purchase via their Virgin Galactic Stock (SPCE). However, just because you can buy a slice of the company doesn’t mean you’ll be able to afford a seat on the bus. According to Virgin Galactic’s corporate website (virgingalatic.com) the sticker price for this gravity defying experience is $250K, although there are no tickets for sale at the moment.

Virgin Galactic Stock performance

SPCE deputed on the New York Stock Exchange (NYSE) on October 28th, 2019, and much like the soaring and sometimes crashing history of its tech, the stock has experienced substantial volatility since then. While it’s up more than 200% for the last three-month period (as of mid-February 2020), it was trading as low as $6.90 per share on November 25th, 2019.

Why the highs and lows? 

The factors underpinning the stock’s volatility range from technological setbacks to personnel additions (such as filling a newly created COO position in January 2020 with seasoned professional Enrico Palermo) to third-party institutional investment and the relative newness of the stock itself. While the company is not actively conducting space flights and collecting revenue today, it did recently sell a significant chunk of shares to Park West Asset Management, a California-based hedge fund, perhaps a sign of things to come.

The future of SPCE

Virgin Galactic and its leadership team have lofty goals philosophically, not just literally. Their published mission includes “using space for good” and “democratizing space.” Can they do it? And will they be able to turn a profit along the way? There are simply too many variables to predict. From technology refinement to regulation to good old-fashioned supply and demand, there are a number of hurdles that will have to be clarified and cleared before stakeholders can reasonably consider money poured into the stock anything more than speculative.

Why Virgin Galactic's stock is soaring

Market NewsTechnology

StocksToTrade: A Modern Integrated Trading Suite

StockstoTrade

StocksToTrade is an online investment suite designed for serious stock traders. It is a modern data integration program that combines real-time data, online brokers, AI-powered screeners, and educational tools into a powerful and robust program designed to streamline and maximize potential profits. Founded in 2009, StocksToTrade boasts that it was made for day traders by day traders. Their algorithms and customizable watch-lists will make sure that anyone can make the perfect trade when the market is just right. In addition to that, Tim Bohen, a successful day trainer, now curates personalized educational material for the site and is ready to guide traders of all backgrounds to a more successful future in trading. On the surface, it seems that StocksToTrade really is giving the user everything they could want.

StocksToTrade Features

Some of the best features include seamless broker integration. On other stock tracking sites, traders have to take the information and then go to their broker and apply the information to make trades. This adds extra steps in a business where seconds can mean anything. With StockToTrades integration you can buy and sell straight from your data stream and make trades on the fly and in real-time. Another amazing feature is the amount of real-time information provided. Not only does StocksToTrade provide instant data on stock price and market movement they also link to social media feeds, press releases and other relevant information as it happens so it is impossible to miss a beat while trading. If you are reading it in the news, usually it is too late to capitalize on any potential movement. This provides a potent combination of tools that allows traders to buy and sell based on hot information as close to instantaneously as possible.

StocksToTrade Pricing

While there is a lot packed into StocksToTrade these great features also come with a hefty price tag. StocksToTrade's basic plan runs $179.95/month with a yearly plan available for $1899.50. This price might scare some people away but this suite is tailored for serious traders and not for the casual trader. If someone is simply dabbling in day trading then this product really is not meant for them. Then there is a StocksToTrade PRO membership that does not have a price listed but invites you to apply to discover the next steps. This is the personalized training offered by Tim Bohen and you can expect that to come in even higher than the basic price. If you are feeling hesitant StocksToTrade also offers a cheap trial period where you can get access to the program for two weeks for a mere $7. For that price you can easily jump in, play around with and make a more educated decision before shelling out any real cash.

StocksToTrade Requirements

Another potential downside is the software requirements. While they are not super high for a newer computer you will need to have a pretty good setup to handle that much data. High-speed internet is required and they recommend that you have 8GB of RAM and an i9 processor. A lot of trading is done on people's mobile devices nowadays but this is definitely designed to be used on a desktop or powerful laptop further reinforcing their focus on the serious day trader.

What Is StocksToTrade And StocksToTrade PRO?

Market NewsTechnology

Why Do Millionaires Consider Tesla Inc. the Best Investment in 2020?

image

During the tropical seasons of August 2018, Elon Musk on an interview, which went so viral and contravention, predicted that the Tesla company stock would hit the magic number of 420 US dollars by taking Tesla private. The price was a 20% premium during that time.

Tesla Troubles

Shortly after the podcast, Elon Musk seemed to take a hit on a marijuana cigarette, leading to the judgment of Elon Musk’s behavior among investors and board members. This issue even reached the SEC (Security and Exchange Commissions), forcing him to step down from the chairman position for more than 3 years.

Fortunately, Elon Musk has secured a legal achievement during the month of December.

Tesla faced plenty of challenges like distribution challenges, a sales slump and quarterly losses. All of this led to heavy losses in Tesla shares, as low as 117 dollars a share in June.

In recent months, there was a great shift in the wind for the Tesla team and Elon Musk. The rise in sales boosted Tesla to a great gain in the third quarter, they introduced the fourth car, and even completed the construction of a new factory in China, the world’s largest potential market for electric cars.

After two months of complete exertion, Tesla is instantly over the share price offered in the last year.

Market NewsMortgages and BankingTechnology

Recent Reverse Mergers From NYSE to Turner Advertising Company

NYSEgroup

When American companies decide to go public, they have to go through an Initial Public Offering (or IPO). This is a lengthy and expensive process that takes months, perhaps longer than a year. Audits, investigations, legal fees and many other factors play into an IPO and not everyone is willing to undergo this. That’s when reverse mergers come into play: A reverse merger is a process where a private company acquires a publicly-traded company to bypass issuing an IPO and becoming a public company faster. There are a lot of companies that have used this method, both successful and not.

NYSE

The most well-known case of a reverse merger happened on December 6, 2015. The New York Stock Exchange (or NYSE), a business with over 200 years’ worth of history, decided to merge with Archipelago Holdings, an electronic trading company. The sole objective of this merger was for the NYSE to become a public traded company. Four months later, on March 2016, NYSE became the NYSE group and Archipelago Exchange turned into its subsidiary under the name NYSE Arca.

This reverse merger proved so successful than less than a year later the NYSE group completed another merger, this time with Euronext. The result was NYSE Euronext, a transatlantic stock exchange, the first of its kind.

Market NewsTechnology

Timothy Sykes Children and Tim Grittani Blog Video

TimGrittani

Starting from the Bottom Tim Grittani Interview

The Tim Sykes interview started by looking at the past six months of the year. It was a great start for 2019 for Tim Grittani who took time off for a new family member. He took off April and some of May from his daily trading and still made $1 million. He back to full time back in June. Coming back was a little difficult as he forced some trades at times but it did not lead to any large losses in June. He called the June loses “Paper Cuts”, $40,000.

He was able to finish off June in the green (profitable). He updated the site Profit.ly at $8.4 Million overall gains. His best period was a $160,000 week in July. Now his total lifetime overall profit is at $8.5 to $8.6 million.

Grittani discussed dealing with emotion as a life long battle regardless of the amount of time or money earned. It has become easier because the huge losses no longer happen, he added. After his last big loss he sized down and had to earn the right from himself to size up again. Sykes loved this process. He also utilizes a mistakes journal. He would log anytime he got stubborn or played too large or broke some key rule. He would look at the totals for the month in the journal.

Sykes likes to also log his successes so he can find mistakes there also. Like getting out too early or being too aggressive. He likes to look at the progress and the long term outcome. Grittani turns off his profit and loss column while he trades which is something Sykes is unable to do. He focuses on the long-term plan and not the daily results. He thinks in weeks or months. And is able to notice mistakes easier.

After a bunch of wins or losses, he doesn't think about the number of days/trades in a row he is green. ”Don't worry about getting back to break-even on a trade.” Grittani said. "It's a marathon and not a sprint." Sykes added, They both agreed to trust the process, think longer term. In summary, to make life changing money its going to take 2 years. You have to wait for trades to come to you.

Market NewsTechnology

Is a Motley Fool Subscription Advisable

MotleyFool

Motley Fool Subscription Review

The site The Motley Fool is regarded as a legitimate website for financial information and research reports. Their in-depth content will not leave you being defrauded after you purchase a Stock Advisor subscription from them. Some have complained that you are routinely asked to upgrade their current level of subscription, and that can be annoying. But for those that consider their stock and mutual fund portfolios as a second source of income, the better subscriptions are worthwhile.

Stock Advisor Motley Fool

If you are looking for stock and investment advice on new stock purchases their content can be very good. And when a stock that they have recommended in the past drops to a certain level, you can setup to receive alerts. The Stock Advisor forum is really good also if you want to interact with other investors. Their money back guarantee is great if you just want to try out one of their programs for a time. Current prices are $99 a year with a 30 day refund policy. Not too bad. The Stock Advisor programs boast a 346% return since 2002. This is far better than the 87% return of the S&P 500.

You would get two new stock recommendations every month. Ten timey buys. Foundation stock picks to get started. And lots of education materials plus the forum community.

Market NewsTechnology

Is Uber a Good Stock to Own

UberEats

Uber On Stock Market

Many are suggesting to buy Uber as it is a leader in the coming offline era. Internet businesses are increasingly shifting to offline strategies over online services, and Uber has capitalized on that early in the cycle. This creates a better long term strategy and plus a reason to own the stock.

Uber stock took off today after receiving positive calls from a number of analysts. Uber’s stock was down about 5% since its market debut (IPO) at the New York Stock exchange (NYSE) in May. According to the Bloomberg service, Uber just received 0 sell ratings, 21 buy ratings, and 5 holds. The average 12 month price target from those analyst was $53.70. Some at Lead Edge Capital think Uber stock is dramatically undervalued.

The company has 93 million monthly active customers of its app for both food delivery and transportation needs, the ride-hailing company over the next five years can attain 25% revenue growth, according to Raymond James.

Market NewsTechnology

Sam Waksal One of the Top Worst CEOs of All Time

SamWaksal

Sam Waksal

He was the chief at ImClone until disaster struck.

Indicted: October 15, 2002 of securities extortion, bank misrepresentation, deterrent of equity, and lying to the courts.

Understood as a great networker as much for concerning logical aptitude, in 1984 immunologist Sam Waksal established the company ImClone. The NY-based biotech firm remained generally obscure until 1999, when it announced the drug Erbitux — a malignant growth battling drug so encouraging it persuaded pharmaceutical mammoth Bristol-Myers to buy one billion dollars of ImClone stock in one of the biggest US biotechnology combinations in history. Be that as it may, when the Food and Drug Administration (FDA) dismissed the medication, Waksal cautioned a few relatives and companions to sell their stock as quickly as time permitted — before the FDA's choice had been released to the public. Waksal's dad and little girl sold over nine million dollars of ImClone stock, a move that grabbed the eye of the Securities and Exchange Commission (SEC) and in the long run prompted Waksal’s capture.

Market NewsMortgages and BankingTechnology

Why Invest in Berkshire Hathaway

Warren Buffett

One of the biggest names in the financial world is Berkshire Hathaway. They own huge well established companies such as American Express, Apple, Burlington Northern Santa Fe and GEICO. They also share in several other well-know companies such as the Coca-cola company, Bank of America and Wells Fargo. Berkshire Hathaway was started in the 1830s as a textile manufacturing company. This mill grew into one of the most successful of all time. It wasn’t until the 1950’s that the Hathaway Manufacturing company merged with Hathaway to become Berkshire Hathaway.

Warren Buffett

In our modern world, the company is a multi-million dollar asset under the control and leadership of Warren Buffett, who is the chairman and chief executive of the company which focuses on long term investment strategies and diversifying business interests. Today, Berkshire Hathaway is one of the top players in the financial world and active partner in main international deals and agreements. According to the Forbes Global 2000 list, Berkshire Hathaway is the third largest company in the world. Their class A shares are currently selling for over $300,000.00 and are worth every penny. The number of big name companies that are connected with Berkshire Hathaway’s stock is the reason they are priced so highly. These businesses are tops in the world and will not look to disappear any time soon. Apple is one of the companies and they have such a firm grasp of the technology sector that they won’t be leaving the business world for quite sometime. The same can be said for the number of insurance companies who are doing better than ever with the rise of the pharmaceuticals industry worldwide.

Berkshire History of Cash Reserves

What really makes the Berkshire Hathaway stock worth so much is Warren Buffett. He took the old textile company and made it into one the most stable and investable business ever. He mandates the firm keep a minimum of $20 billion dollars easily at hand, though lately that number has been more than $100 billion. That makes this company a highly investable asset. This is a company that is actively investing in strong stable companies and has no debt to speak of in regards to them. To be bought by Berkshire Hathaway means that, that company is also a strong stable entity. Companies all over the world want to be acquired by Berkshire Hathaway because it will mean their business will grow beyond their wildest dreams and become one of the more sought after companies in the world.

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