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Image of article 'Liz Weston: Why day traders are doomed and investors should avoid individual stocks'

Liz Weston: Why day traders are doomed and investors should avoid individual stocks

The Nasdaq composite stock index rose 400% in five years, only to lose all of those gains from March 2000 to October 2002.

A rising stock market, and a flood of inexperienced and excitable investors willing to bid up stock prices, has convinced more than a few day traders that they’re part of that 1%.

Brokerages have reported a surge in trading and new accounts this year, starting with March’s stock market crash when investors rushed in looking for bargains.

While we wait for the inevitable crash, let’s review not only why day traders are doomed but also why most people shouldn’t trade, or even invest in, individual stocks.

People who trade stocks instantly lose a little money on each transaction because of this difference.

published finance (general) finance

Looking For Last Week's Momentum To Carry Through The Rest Of October

Those final three days accounted for pretty much all of my profits through last week, about $115,000 between my main trading account and my IRA account.

Finally, I was able to tag up on the big move in Hertz Global Holdings, Inc. (NYSE: HTZ) in Friday’s premarket and then catch Kaixin Auto Holdings (NASDAQ: KXIN) after it came out of a halt.

Those initial days of last week were mostly flat for my trading account, though Monday started off rocky with sizable losses in Monday’s leading gap stocks, Medley Management Inc. (NASDAQ: MDLY) and Lizhi Inc. (NASDAQ: LIZI).

While the broad market seems to be in a holding position until the U.S. presidential election on November 3, the stocks I traded through last week saw a good amount of momentum after a brief period of choppiness on Monday and Tuesday.

I’m hopeful this week will see more of the follow-through that the back half of last week had, but I’m still going to keep my max share size reasonable in case the market starts to waver in its support.

published holiday or vacation finance

WandX Trading Down 48.1% This Week (WAND

It is usually not currently possible to buy alternative cryptocurrencies such as WandX directly using US dollars.

WandX can be bought or sold on these cryptocurrency exchanges: Bancor Network and IDEX.

In the last seven days, WandX has traded 48.1% lower against the US dollar.

One WandX token can now be bought for $0.0074 or 0.00000064 BTC on exchanges including Bancor Network and IDEX.

Investors seeking to acquire WandX should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX.

published software business
Image of article 'G4S urges shareholders to block hostile takeover'

G4S urges shareholders to block hostile takeover

Security firm G4S has urged shareholders to block a hostile takeover by Canadian rival Garda World after its bid was published.

Garda set out its plans in detail in a statement on Saturday, sticking by its offer price of 190p per share despite G4S's claim it undervalues the company.

The formal offer prompted a robust statement from G4S, recommending that shareholders 'reject the offer and take absolutely no action'.

The firm's board said Garda's takeover was 'highly opportunistic' and the smaller rival wanted to acquire G4S to realise its global ambitions.

G4S shares, which were trading at 145p before Garda announced its interest, stood at 209p at Friday's close.

published buyback business finance
Image of article 'CRH Medical (NYSE:CRHM) versus DCC (NYSE:DCCPF) Critical Contrast'

CRH Medical (NYSE:CRHM) versus DCC (NYSE:DCCPF) Critical Contrast

DCC is trading at a lower price-to-earnings ratio than CRH Medical, indicating that it is currently the more affordable of the two stocks.

DCC has higher revenue and earnings than CRH Medical.

This table compares CRH Medical and DCC’s gross revenue, earnings per share (EPS) and valuation.

CRH Medical (NYSE:CRHM) and DCC (OTCMKTS:DCCPF) are both medical companies, but which is the better stock?

The company's DCC Healthcare segment offers products and services to healthcare providers, and health and beauty brand owners; outsourced contract manufacturing services to the health and beauty sector; nutrition products, such as vitamins and health supplements; beauty products; and product development, formulation, manufacturing, and packaging services.

published marketing business
Image of article 'Martinrea International (TSE:MRE) Stock Price Crosses Above 200 Day Moving Average of $9.54'

Martinrea International (TSE:MRE) Stock Price Crosses Above 200 Day Moving Average of $9.54

Finally, CIBC upped their price objective on shares of Martinrea International from C$13.00 to C$14.50 in a research report on Monday, July 20th.

Raymond James set a C$16.00 target price on shares of Martinrea International and gave the company an “outperform” rating in a research report on Monday, September 14th.

BMO Capital Markets dropped their target price on shares of Martinrea International from C$11.50 to C$11.00 in a research report on Friday, June 26th.

Martinrea International Inc (TSE:MRE)’s stock price passed above its 200-day moving average during trading on Friday .

On average, equities research analysts anticipate that Martinrea International Inc will post 1.9444601 EPS for the current fiscal year.

published earnings business

Euromoney Institutional Investor PLC (ERM.L) (LON:ERM) Stock Passes Above 200 Day Moving Average of $813.69

Peel Hunt restated an “add” rating on shares of Euromoney Institutional Investor PLC (ERM.L) in a report on Tuesday, July 21st.

Berenberg Bank reiterated a “hold” rating and issued a GBX 820 ($10.71) target price on shares of Euromoney Institutional Investor PLC (ERM.L) in a report on Tuesday, September 29th.

Euromoney Institutional Investor PLC (ERM.L) shares last traded at $850.00, with a volume of 144,949 shares traded.

Euromoney Institutional Investor PLC (ERM.L) (LON:ERM) shares passed above its two hundred day moving average during trading on Friday .

Receive News & Ratings for Euromoney Institutional Investor PLC (ERM.L) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euromoney Institutional Investor PLC (ERM.L) and related companies with MarketBeat.com's FREE daily email newsletter.

published banking business
Image of article 'Head to Head Comparison: Alpha Pro Tech (APT) vs. Its Peers'

Head to Head Comparison: Alpha Pro Tech (APT) vs. Its Peers

Alpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control, and building supply products in the United States and internationally.

Alpha Pro Tech is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

We will compare Alpha Pro Tech to related companies based on the strength of its valuation, institutional ownership, earnings, risk, dividends, profitability and analyst recommendations.

Alpha Pro Tech (NYSE: APT) is one of 33 publicly-traded companies in the “Surgical appliances & supplies” industry, but how does it compare to its competitors?

The company provides its products under the Alpha Pro Tech brand name, as well as under private labels.

published marketing business
Image of article 'Comparing Bluegreen Vacations (BVH) and Its Competitors'

Comparing Bluegreen Vacations (BVH) and Its Competitors

Bluegreen Vacations (NYSE: BVH) is one of 63 publicly-traded companies in the “Real estate” industry, but how does it compare to its competitors?

Comparatively, Bluegreen Vacations’ competitors have a beta of 0.92, meaning that their average stock price is 8% less volatile than the S&P 500.

This table compares Bluegreen Vacations and its competitors gross revenue, earnings per share (EPS) and valuation.

Bluegreen Vacations is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Bluegreen Vacations Holding Corporation operates as vacation ownership company.

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Image of article 'Genus (LON:GNS) Reaches New 1-Year High at $4,062.00'

Genus (LON:GNS) Reaches New 1-Year High at $4,062.00

The company presently has an average rating of “Buy” and a consensus price target of GBX 3,468.40 ($45.31).

Separately, Peel Hunt reiterated a “hold” rating on shares of Genus in a report on Tuesday, June 30th.

The company traded as high as GBX 4,062 ($53.07) and last traded at GBX 4,062 ($53.07), with a volume of 4545 shares traded.

Genus plc (LON:GNS)’s share price hit a new 52-week high during trading on Friday .

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published earnings business
Image of article 'Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 1-Year High After Analyst Upgrade'

Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 1-Year High After Analyst Upgrade

Royal Bank of Canada increased their target price on shares of Innergex Renewable Energy from $22.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 6th.

BMO Capital Markets lifted their price objective on shares of Innergex Renewable Energy from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th.

CIBC lifted their target price on shares of Innergex Renewable Energy from $23.00 to $26.50 and gave the company a “neutral” rating in a report on Thursday.

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) shares hit a new 52-week high during mid-day trading on Friday after Scotiabank raised their price target on the stock from $23.00 to $25.25.

Finally, TD Securities raised their price target on Innergex Renewable Energy from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, August 6th.

published earnings business
Image of article 'Robinhood just had another controversial week that frustrated users. Here's what went down.'

Robinhood just had another controversial week that frustrated users. Here's what went down.

Robintrack.net was a website that used Robinhood's public data feed to tell users how many Robinhood accounts owned a particular stock on any given day.

Also on Thursday, Robinhood sent out an e-mail prior to the market open notifying its users of an increase in the cash reserve needed to trade on margin for some widely held securities.

Following a Bloomberg report from last week on a number of Robinhood users who helplessly saw their accounts liquidated, a separate Bloomberg report said on Thursday that an internal review at the company found nearly 2,000 compromised Robinhood accounts, according to an unnamed source familiar with the review.

But some Robinhood news that may excite investors is a Bloomberg report that says the app may once again make trading data public, which would reopen the popular Robintrack.net website.

Also on Thursday, Robinhood sent out notices to its users that traders on margin would have to increase their cash position on several widely held stocks to help protect them from potential volatility related to the US election.

published marketing trading finance
Image of article 'ReneSola (NYSE:SOL) Trading Up 14.2'

ReneSola (NYSE:SOL) Trading Up 14.2

Finally, Zacks Investment Research downgraded shares of ReneSola from a “buy” rating to a “hold” rating and set a $1.75 price target for the company.

HC Wainwright initiated coverage on shares of ReneSola in a research report on Thursday, September 17th.

ValuEngine raised shares of ReneSola from a “sell” rating to a “hold” rating in a research report on Monday, October 12th.

Shares of ReneSola Ltd (NYSE:SOL) were up 14.2% during trading on Thursday .

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published earnings business

Golar LNG (NASDAQ:GLNG) Trading 12.2% Higher

On average, equities analysts expect that Golar LNG Limited will post -0.33 earnings per share for the current year.

Finally, DNB Markets upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st.

Bank of America dropped their target price on shares of Golar LNG from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, September 25th.

ValuEngine raised shares of Golar LNG from a “hold” rating to a “buy” rating in a report on Saturday, September 26th.

Nuveen Asset Management LLC raised its holdings in Golar LNG by 4.9% during the 2nd quarter.

published earnings business
Image of article 'A late slide erases gains for US indexes, leaving them mixed'

A late slide erases gains for US indexes, leaving them mixed

NEW YORK -- Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish.

The market had been up for much of the day after the government reported that retail sales rose in September for the fifth straight month.

The market's late-day fade capped a week of volatility for stocks as companies began reporting their third-quarter results and traders' hopes for a new round of economic stimulus from Washington dimmed.

Stocks have been mostly climbing this month, but trading became choppy this week as ongoing talks between Democrats and Republicans on an economic stimulus package failed to deliver results.

The Federal Reserve said Friday that U.S. industrial production fell 0.6% last month, the weakest showing since April’s 12.7% skid amid widespread business shutdowns due to the pandemic.

Image of article 'Why Flexible Solutions International's Stock Is Trading Higher Today'

Why Flexible Solutions International's Stock Is Trading Higher Today

Flexible Solutions International (NYSE: FSI) shares are trading higher on Friday after the company late Thursday reported third-quarter revenue of $8.11 million versus $7.4 million year over year.

Flexible Solutions International develops, manufactures and markets specialty chemicals which slow the evaporation of water.

Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers.

Flexible Solutions International shares traded up 15.73% to $2.46 on Friday.

published earnings finance

Mid-Afternoon Market Update: Dow Jumps 270 Points; Hertz Global Shares Spike Higher

Equities Trading UP SG Blocks, Inc. (NASDAQ: SGBX) shares shot up 43% to $2.89 after the company and Blink entered into an exclusive Master Development and Production Agreement pursuant to which Blink's EV charging solutions will be deployed along with SG Blocks' container-based modular building structures.

(NYSE: HTZ) shares were also up, gaining 156% to $2.64 after the company announced it secured commitments of $1.65 billion in debtor-in-possession financing.

Equities Trading DOWN Calyxt, Inc. (NASDAQ: CLXT) shares tumbled 23% to $3.8860.

Shares of Biomerica, Inc. (NASDAQ: BMRA) were down 19% to $5.94 following Q1 results.

Del Taco Restaurants, Inc. (NASDAQ: TACO) was down, falling 19% to $8.40 after the company announced Q3 earnings results.

published earnings finance
Image of article 'Mid-Afternoon Market Update: Dow Jumps 270 Points; Hertz Global Shares Spike Higher'

Mid-Afternoon Market Update: Dow Jumps 270 Points; Hertz Global Shares Spike Higher

Equities Trading UP SG Blocks, Inc. (NASDAQ: SGBX) shares shot up 43% to $2.89 after the company and Blink entered into an exclusive Master Development and Production Agreement pursuant to which Blink's EV charging solutions will be deployed along with SG Blocks' container-based modular building structures.

(NYSE: HTZ) shares were also up, gaining 156% to $2.64 after the company announced it secured commitments of $1.65 billion in debtor-in-possession financing.

Equities Trading DOWN Calyxt, Inc. (NASDAQ: CLXT) shares tumbled 23% to $3.8860.

Shares of Biomerica, Inc. (NASDAQ: BMRA) were down 19% to $5.94 following Q1 results.

Del Taco Restaurants, Inc. (NASDAQ: TACO) was down, falling 19% to $8.40 after the company announced Q3 earnings results.

published earnings trading finance

A Bank Earnings Recap For Q3

Morgan Stanley Finished The Week With A Bang On Thursday, Morgan Stanley (NYSE: MS) blew analysts' revenue estimates away by $1 billion, reporting quarterly revenue of $11.7 billion.

JPMorgan Chase Co (NYSE: JPM) also saw its trading revenue rise 21% and its investment banking revenue skyrocketed 52% from a year earlier.

Bank of America's (NYSE: BAC) investment banking business had the second-best performance in its history, trailing only this year's second quarter.

Trading of bond products linked to interest rates, corporate credit, mortgages, and the prices of oil lifted the bond division's quarterly revenue 49% higher from the same period last year.

Bank of America fell short on revenue expectations, and Wells Fargo struggled with the impact of lower interest rates, having to cut its dividend for the first time since the Great Recession.

published banking finance
Image of article 'Why Snap's Stock Is Trading Higher Today'

Why Snap's Stock Is Trading Higher Today

Snap (NYSE: SNAP) shares are trading higher on Friday after Credit Suisse maintained its Outperform rating on the stock and raised its price target from $30 to $32 per share.

Snap generates nearly all of its revenue from advertising with 88% coming from the U.S.

Snap shares traded up 0.71% to $28.26 on Friday.

The stock has a 52-week high of $28.56 and a 52-week low of $7.89.

Latest Ratings for SNAP DateFirmActionFromTo Oct 2020Credit SuisseMaintainsOutperform Oct 2020StifelMaintainsBuy Oct 2020Deutsche BankMaintainsBuy View More Analyst Ratings for SNAP View the Latest Analyst Ratings

published marketing finance trading
Image of article 'Why Hertz Global's Stock Is Up 90'

Why Hertz Global's Stock Is Up 90

Hertz Global (NYSE: HTZ) shares are trading higher on Friday after the company announced it secured commitments of $1.65 billion in debtor-in-possession financing.

Hertz Global Holdings Inc operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands.

The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and material handling equipment; and fleet-leasing and fleet-management services.

The company operates a network of car rental locations and licenses its brands to associates and franchisees.

The highest segment by revenue is the U.S. car rental unit.

Opthea prices U.S. IPO (Pending:OPT

Opthea (OPT) prices its 8.6M shares IPO in the U.S., representing 68.5M ordinary shares, at $13.50/share.

Also, offered and sold to certain investors pre-funded warrants to purchase 936.7K ADSs.

Underwriters granted a 30-day option to purchase up to an additional 1.43M ADSs.

Expected to commence trading on Nasdaq from today under the symbol 'OPT'.

Image of article 'CVS: Cheap Dividend Stock Can Generate High Future Returns'

CVS: Cheap Dividend Stock Can Generate High Future Returns

We view CVS as a cheap stock, and the 3.4% dividend yield makes it an attractive pick for value and income investors.

Even so, CVS has appeal for income investors, as the 3.4% dividend yield is well above the ~1.8% average yield of the broader SP 500 Index.

We expect this expansion to combine with 5% expected annualized EPS growth and the 3.4% dividend yield, leading to total expected returns above 14% per year for CVS stock, over the next five years.

CVS has a 3.4% dividend yield, and the stock is trading at a very low valuation which makes it an attractive stock for value and income investors.

With interest rates at zero and stock prices near record highs, income investors might want to focus on stocks with dividend yields above 3%.

published earnings business finance
Image of article '12 Technology Stocks Moving In Thursday's After-Market Session'

12 Technology Stocks Moving In Thursday's After-Market Session

This security traded at a volume of 751.4K shares come close, making up 13.46% of its average volume over the last 100 days.

Alpha Omega's trading volume hit 3.4K shares by close, accounting for 2.72% of its average volume over the last 100 days.

This security traded at a volume of 31.1K shares come close, making up 0.97% of its average volume over the last 100 days.

This security traded at a volume of 288.5K shares come close, making up 8.42% of its average volume over the last 100 days.

This security traded at a volume of 393.4K shares come close, making up 4.03% of its average volume over the last 100 days.

published marketing trading finance