If the Financial sector is one of the best barometers of investor sentiment regarding the economy, then it seems were far from out of the woods. Thats despite the broader market rally and strong trading activity the big banks likely pulled in this last quarter.
Despite a 106% rise since the March low of this year, at the current price of around $9 per share we believe SunPower stock (NASDAQ: SPWR) has reached its near term potential. SPWR stock has rallied from $4.50 to $9 off its recent bottom compared to the S&P which moved 42%...
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Josh Lipton dives into the rally in semiconductor stocks and runs through the favorites of some Wall Street analysts.
Wells Fargo & Co posted its first quarterly loss since the 2008 financial crash on Tuesday as the coronavirus crisis forced it to set aside $9.57 billion to cover potential loan losses and slash its dividend, derailing efforts to recover from a sales scandal.
Wells Fargo & Co swung to a second-quarter loss as the coronavirus set back the bank's progress in recovering after a series of misselling scandals, forcing it to set aside billions of dollars to cover potential loan losses and slash its dividend.
JPMorgan Chase & Co on Tuesday set aside about $10.5 billion in reserves to cover a wave of potential defaults in the aftermath of the COVID-19 pandemic as the largest U.S. bank reported a smaller-than-expected 51% drop in second-quarter profit.
Options investors are ramping up bets on some of this year's biggest winners, including Amazon.com Inc , Netflix Inc and Tesla Inc , even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak.
After a 60% rally post 23rd March, we believe Limelight Networks stock has limited upside based on its valuation. Limelight Networks stock has rallied from $5 to $8 off the recent bottom compared to the S&P which moved 42%. The primary reason for the recovery in March and April was high Content...
Is Etsy stock pricey, trading at about 140x earnings?Not at all. Especially if you consider the fact that the earnings could be about 4x current levels by 2023. How is that possible? Firstly, we believe that Etsys revenues can grow by 2.7x to levels of about $2.2 billion in 2023 from about $820 mil