36.00 +1.71 (4.99%)
Pre-Market: 5:11AM EST
|Bid||36.19 x 3200|
|Ask||36.39 x 4000|
|Day's Range||29.10 - 36.57|
|52 Week Range||6.90 - 42.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.00|
Virgin Galactic shares, which have been on a ridiculous tear lately, started Monday’s session just like most stocks did — deep in the red. But it didn’t last long.
Shares in Virgin Galactic, the space tourism and technology company, have skyrocketed. So have stock warrants. The two securities can feed off each other.
The huge surge in stocks like Tesla, Virgin Galactic and Stamps.com have brought back some trader memories of the heady days of the dot-com boom. But Robert Buckland, a global strategist at Citi, studied stock market distributions to show the market of now is not really that similar to that of the dot-com days.
Public service announcement: If you’re an investing novice, you are setting yourself up for a painful lesson.
From the FAANGs’ reign to the options market action, happy days for stocks are here again. But history suggests a 10% setback could follow.
The commercial spacecraft company started by Richard Branson has a decade of stops, starts, and missed deadlines. Why, given the multiple risks, has the stock soared some 200% this year?
SpaceX Starlink satellites will play a major role in an Air Force live-fire exercise in April, and a Virgin Galactic sister company is in talks to join in as well.
One of Virgin Galactic's bulls sounded a note of caution Thursday. Morgan Stanley analyst Adam Jonas warned investors that stock in the space-start up might be due for a dip.
Chamath Palihapitaya holds the stake after the Palo Alto-based blank-check company he created helped Richard Branson take his New Mexico-based space tourism company public last fall.
Stocks started off higher on Thursday, but an unexpected 1% midday drop startled the bulls. That said, let's look at a few top stock trades as we near the end of the week. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Click to Enlarge Source: Chart courtesy of StockCharts.comLet's do a two-chart look at Apple (NASDAQ:AAPL), as a daily and weekly look really paints a better picture of the situation. First is a weekly chart of the tech giant, while below is a daily.As you can see on the weekly chart, shares have been on an impressive surge. Notice that the 10-week moving average has been guiding the stock higher, while resistance just under $330 has kept a lid on the stock. This paints a very healthy picture for longer-term trend traders.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf Apple closes lower on the week -- which it's set to do -- it will have still risen in 21 of the past 26 weeks. However, you may also notice that three of the five down weeks has come in the past five weeks. That waning momentum is actually a good thing, as it lets the stock rest before potentially resuming higher.You can see that rest on the daily chart here in the weekly chart. Click to Enlarge Source: Chart courtesy of StockCharts.comAfter previously bouncing aggressively off the 20-day moving average in the fourth quarter, Apple has struggled with this mark in the first quarter. Shares were unable to make a new high this month after doing so in January, despite the overall indices continuing to do so as recently as this week.That said, it continues to make higher lows, as it rides uptrend support higher (blue line).For Apple, the setup is getting simpler. If it can push through the current 52-week high of $327.85, then a move over $330-plus is possible, as is a continuing rally higher. If uptrend support breaks and AAPL takes out this week's low of $314.61, however, then the $300 to $304 zone is possible -- including the 50-day moving average. Top Stock Trades for Tomorrow No. 2: ViacomCBS (VIAC) Click to Enlarge Source: Chart courtesy of StockCharts.comViacomCBS (NASDAQ:VIAC) shares are being obliterated on Thursday, down over 17% on disappointing quarterly results.While VIAC had put in a solid bounce over the past few weeks, its weekly chart never signaled the all-clear. Shares failed to reclaim the $35 mark on a weekly basis, which was range support over the past few years.Now plunging below it, VIAC stock has trapped in a lot of shareholders at higher prices. See if it can hold the low this week. If it can, $32.50 is a possible upside bounce target. Above that, and $35 is possible. Below $30, however, and the sellers remain in control. Top Stock Trades for Tomorrow No. 3: Virgin Galactic (SPCE) Click to Enlarge Source: Chart courtesy of StockCharts.comVirgin Galactic (NYSE:SPCE) continues its wild and volatile price action. Shares are practically unchanged on the day, despite sporting a $12 range. To put that in perspective, investors have seen as much as a 13.7% rally and an 18.3% loss from Wednesday's close, all in the same session.This one is too explosive for my trading style, but so long as the stock is above the 10-day and 20-day moving averages, as well as the $28 to $30 level, bulls remain in control.I don't expect this action to end well for SPCE, but that doesn't mean it can't go to $50 or higher in the meantime.I will say that if a pullback to $20 lines up with the 50-day moving average, a dip-buy may be attractive. But, we'll see. Top Stock Trades for Tomorrow No. 4: L Brands (LB) Click to Enlarge Source: Chart courtesy of StockCharts.comL Brands (NYSE:LB) shares are down a few percent after announcing plans to take private its Victoria's Secret business. We now have a well-defined trading range in LB.On the upside, see if LB can reclaim $25. Above short-term resistance at $25, and long-term range resistance at $27 is possible. Below short-term support at $22 and the 20-day moving average, though, and $20 is possible. There, LB will find the 50-day and 200-day moving averages.Below that, and $19 is in play. Top Stock Trades for Tomorrow No. 5: Stamps.com (STMP) Click to Enlarge Source: Chart courtesy of StockCharts.comI'm not all that keen on trading SPCE, but I'd rather handle it than Stamps.com (NASDAQ:STMP). Shares are up 65% at market close Thursday, as this wild rider continues its recent rally to the upside.This thing is like volatility on a cocktail of high-powered drugs. Shares fell over 80% in just a few months, dropping from over $200 per share to a low around $33. It's roughly quintupled since.In any regard, it's got a massive gap between around $100 and near $200 -- and is currently trading near $160. To make it as simple as possible, I would say bulls are in control with shares over the 38.2% retracement near $138. Above that, though, and a gap-fill toward $200 is possible.Below the 38.2% retracement puts the post-earnings low on the table, which is at $124.50. Below that, and a dip down to $100 is possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL and VIAC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post 5 Top Stock Trades for Friday: AAPL, VIAC, SPCE, LB, STMP appeared first on InvestorPlace.
Virgin Galactic dipped after the space tourism company's CEO spoke at a conference while a top analyst said a correction is overdue.
Has the market gotten ahead of itself? Depending on where investors look, there's definitely room for debate. But not so for mega-cap Amazon (NASDAQ:AMZN). Following a recent earnings release, Amazon stock looks like it has only just begun to flex its muscle. Let me explain.Source: Sundry Photography / Shutterstock.com On Wall Street today, Elon Musk's Tesla (NASDAQ:TSLA), Richard Branson's Virgin Galactic (NYSE:SPCE) or maybe Tim Cook's Apple (NASDAQ:AAPL) are Wall Street's stocks for weighing if the market has gone too far and far too quickly. It's a polarized investing climate to say the least. But Amazon stock is a very different story, favoring higher prices right now.On the heels of Amazon's recent fourth-quarter earnings release, the company and its shares are firing on all cylinders. Off the price chart the diversified tech giant posted a rebound in net income despite rising costs and toppled Street profit estimates by more than 60% on earnings of $6.47 per share. That's far from shabby to say the least. It's also not all Amazon delivered either.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSales were similarly pleasing as Amazon announced stronger-than-forecast revenue growth of 21%. The results were spearheaded by a solid 32% increase in subscription businesses such as Prime, a 34% jump from Amazon Web Services unit and 41% from its 'other' advertising business. * 7 Strong Value Stocks to Buy for 2020 Finally, Amazon also offered upbeat guidance for the first quarter.The one blemish is the company doesn't have "any visibility" on the coronavirus' impact. Bottom line, though, investors had a lot to act enthusiastically about. And that still unequivocally includes the price chart. Amazon Stock Monthly Price Chart Source: Charts by TradingViewIf there had been any questions regarding Amazon's underperformance over the past year, those concerns were put to rest in the aftermath of the company's earnings report. With the post-earnings follow-through in Amazon stock, shares are roughly 5.5% above what all investors should uniformly label a breakout from a 17-month corrective base. It's bullish. And with the monthly view showing an opening up of the Bollinger Bands and the stochastics trending higher inside neutral territory, shares are still in a buyable position.Conservatively, I'd put a price target of $2,450-$2,500 on Amazon stock over the course of 2020. The estimate simply, but importantly, looks at the size and length of the base in coming up with an eyeballed price determination. So while other high-profile stocks might be due for their own time in the penalty box, when it comes to Amazon, shares are offering an attractive risk-adjusted opportunity for bullish investors.Amazon Stock Strategy: Buy Amazon stock today. Look to take initial profits as shares challenge our price zone detailed above. Likewise, I'd exit the position using an initial stop-loss beneath $1,970. This contains risk to less than 5% while also giving the tech giant enough leeway on the price chart without marrying a position if shares take an unexpected turn for the worse.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post Why Amazon Stock Is Headed to $2,500 appeared first on InvestorPlace.
Shares of Virgin Galactic Holdings Inc. rallied 5.1% in active premarket trading Thursday, putting them on track for a ninth-straight gain. Trading volume was 3.8 million shares, compared with the full-day average of 18.8 million shares. The space passengers company's stock, which went public in October 2019, has rocketed 101.7% over the previous eight sessions through Wednesday, which included a 7-day streak of record closes. The current win streak is still behind the 10-session stretch of gains ended Jan. 22, in which the stock rose 73.6%. The stock's rally comes amid growing intrigue over recreational space flight, as SpaceX, the rocket company founded by Tesla Inc. Chief Executive Elon Musk, said earlier this week it wasworking with Space Adventures Inc. to launch up to four tourists into super-high orbit. Virgin Galactic's stock has run up 4-fold (up 310.4%) over the past three months through Wednesday, while the S&P 500 has gained 8.9%.
Space-related stocks like Virgin Galactic are blasting off. And ETFs can help you own a piece of space more safely if you know which approach to take.
"Short interest" is one of the most interesting pieces of stock data that you might pay little or no attention to. But this little metric of negative sentiment, while popular among traders, can be valuable even to buy-and-hold investors who never want to place a single bearish bet.If you believe a stock will rise, you buy it. Easy. But what if you're bearish on a company's prospects and want to profit off that belief? A popular technique is short selling: To sell a stock short, you borrow shares so you can immediately turn around and sell them. You wait for shares to fall in price, then buy them back and return those shares to the lender. Your profit is the difference between the price you sold and the price you bought back.But that gamble can go wrong - to the delight of bullish investors. Short sellers incur losses when the stock's price goes higher. Also, time is against you when you short a stock, because you pay interest when you borrow shares. If you want to exit your short trade, you have to buy back shares, which in turn drives the stock price higher. That might force other short sellers to cut their losses, leading to a virtuous cycle of buying called a "short squeeze."That's why short interest (how many shares are currently sold short to bet against a company) matters. There's no concrete level, but anything above 10% of the float, which is the number of shares available for public trading, is worth watching. If you're a conservative, buy-and-hold investor who hates volatility, you might want to avoid stocks with high short interest. If you're an aggressive investor, however, you might consider buying these stocks in the hope that a small bit of positive news will trigger a short squeeze, netting large returns in a short time.Here, we'll look at seven heavily shorted stocks to watch. These companies have short interest ranging anywhere from 14% to 96%, and many of them are the kinds of hot-moving growth stocks that are typical among short-selling targets. SEE ALSO: The 20 Best Stocks to Buy for 2020
Virgin Galactic stock is up about 200% year to date. That's even better than Tesla. The reasons, however, remain as mysterious as the stars.
Space tours with Virgin Galactic (SPCE) has seen its stock skyrocket in 2020. This looks good for the Procure Space ETF (UFO) , which has several holdings best reflected by these recent activities. CNBC's Bob Pisani spoke about the current space UFO occupies on the market with ETF Trends CEO Tom Lydon and Andrew Chanin, CEO for ProcureAM, on ETF Edge.
Benzinga's PreMarket Prep airs every morning from 8-9:00 a.m. EST. During that fast-paced highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. After its IPO on Oct. 28, 2019, Virgin Galactic Holdings Inc (NYSE: SPCE) drifted lower and did not make its all-time low until Nov. 25 at $6.90.
Tesla’s (TSLA) stock price has doubled this year. Virgin Galactic’s (SPCE) stock price has nearly tripled in 2020. The world’s most profitable company, Apple (AAPL) withdraws its revenue guidance, and the technology-heavy Nasdaq Composite actually closes higher on the day.
Elon Musk’s plan to spin off his Starlink satellite project has serious problems, but the market is unlikely to care Continue reading...
Shares of Virgin Galactic Holdings Inc. shot up 11% in active premarket trading Tuesday, after a shareholder disclosed a relatively large stake in the spaceships builder. The stock is on track to set another record high at the open, and to stretch its win streak to seven sessions. The stock, which has run up 55% over the past six sessions, has closed at a record the past five sessions. Park West Asset Management LLC disclosed late Friday that it was the beneficial owner of 4.25 million shares of Virgin Galactic, or 2.1% of the shares outstanding, which would make Park West the seventh largest shareholder, according to FactSet data, up from a prior ranking as 13th. Virgin Galactic had said last week that its VSS Unity spaceship has completed its relocation to Spaceport America in New Mexico, which enables the company to engage in the final stages of its flight test program. The stock has tripled (up 200.9%) over the past three months through Friday, while the S&P 500 has gained 8.3%.
Friday marked a quiet day for the indices, but a loud day for earnings. That said, let's look at a few top stock trades as we head into the long holiday weekend. Top Stock Trades for Tuesday No. 1: Roku (ROKU) Click to Enlarge Source: Chart courtesy of StockCharts.comMan, did the trade in Roku (NASDAQ:ROKU) work out well or what? After better-than-expected earnings, Roku shares gapped up into $150 resistance and have since sold off. The stock has given up all of its post-earnings gains, and then some.As it declines now, it's running into the backside of prior downtrend resistance (blue line). If it holds, look for an eventual rebound back up to $150 -- although Friday's action is quite discouraging for the bulls.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBelow prior downtrend resistance puts the $117 to $122 area on watch, and if we get a dip into that zone, it may be an opportunity. Overall, this was a quality earnings report, and full-year guidance was solid. I would be a buyer on a dip to this level, although I acknowledge momentum has not been on Roku's side lately -- and that $100 to $110 could be on the table should this support level give way. Top Stock Trades for Tuesday No. 2: Canopy Growth (CGC) Click to Enlarge Source: Chart courtesy of StockCharts.comBetter-than-expected earnings didn't result in the same price action for Canopy Growth (NYSE:CGC). Instead, shares are rallying more than 15% at the moment, even though the chart looks rather "blah."However, don't let Friday's modest-looking candle fool you. CGC stock avoided breaking below critical $17.50 support, while reclaiming its 50-day and 100-day moving averages. Those marks, along with the recent February lows, are now critical support points on the chart. Below them, and $17.50 is back on the table.On the upside, let's see if CGC can again challenge the $25 level. Above puts the declining 200-day moving average on the table. Top Stock Trades for Tuesday No. 3: Virgin Galactic (SPCE) Click to Enlarge Source: Chart courtesy of StockCharts.comI flagged Virgin Galactic (NYSE:SPCE) back in late December when shares were looking to break out over $12. Now hitting $28 on Friday, this one has made a killer move to the upside.I have not wanted to fight this one, simply because these types of big moves are possible. Those who have missed out, but want to try a long in SPCE, may find some luck by waiting for a test-and-hold of the 10-day moving average. That's been support since the January breakout.Below puts short-term uptrend support (blue line) on the table, followed by $20 -- a key breakout mark earlier this month. Above Friday's high, though, and $30-plus is on the table. Top Stock Trades for Tuesday No. 4: Yeti (YETI) Click to Enlarge Source: Chart courtesy of StockCharts.comYeti (NYSE:YETI) stock is down 5% after disappointing earnings, as the breakout earlier this month failed to gain traction. We highlighted this setup, but emphasized that if shares broke below the breakout mark near $37, then traders need to cut ties with it and stop out.Now down to $32.50, that discipline is paying off. Aggressive bulls may consider Yeti stock a buy now. The 100-day moving average is buoying the share price, while uptrend support (blue line) has been in play for months now.A bounce puts the 50-day moving average back on the table, and a move above that puts $36 to $37 resistance on the table. Below the 100-day moving average and uptrend support, however, and the 200-day moving average is possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 4 Top Stock Trades for Tuesday:Â ROKU, CGC, SPCE, YETI appeared first on InvestorPlace.