CYNK Stock Punishes Speculators with 80% Drop
The ugliest chapter in the strange story of CYNK Technology Corp. (OTC: CYNK) played out this morning (Friday) as the U.S. Securities and Exchange Commission's trading halt was lifted.
CYNK stock, which soared more than 24,000% in less than four weeks from mid-June to mid-July, cratered more than 80% at the open, falling from $13.90 to $2.50.
"There was probably a lot of money made and lost in this," Michael Block, chief strategist at New York-based Rhino Trading Partners LLC, said.That leaves just one question: How did this happen?
Gilead (Nasdaq: GILD) Stock Outlook Even Better After Crushing Earnings
Gilead Sciences Inc. (Nasdaq: GILD) stock hit a 52-week high of $92.97 this morning (Thursday) after the company crushed earnings estimates last night. At that price, the stock was up 3% from yesterday's closing price.Money Morning’s Defense and Tech Specialist Michael Robinson has been high on GILD stock for some time, and yesterday’s huge earnings beat comes as no surprise to Money Morning readers. Here’s why this hot biotech stock is just getting started.
Why Tesla Stock (Nasdaq: TSLA) Is Up Today and How to Play It
Tesla Motors Inc. (Nasdaq: TSLA) announced today (Wednesday) that it will be halting the production of its Model S sedans for two weeks so that it can upgrade its Fremont, Calif., factory and begin manufacturing its second line of vehicles: the Model X. Tesla stock rose 2% on the news in morning trading.Here’s how we’re playing TSLA in the short-term and the long-term…
Reynolds American (NYSE: RAI) Stock Down on Verdict – but Not Out for Long
On Monday, Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to weigh in on Reynolds American (NYSE: RAI) stock, as the company got slapped by a jury verdict late Friday.
After a four-day trial and 15 hours of deliberation, a Florida jury returned one of the largest verdicts against a tobacco company ever. It awarded $16 million in compensatory damages and $23 billion in punitive damages to plaintiff Cynthia Robinson. Robinson sued on behalf of her late husband, a long-time smoker who died of lung cancer in 1996.But here’s why Fitz-Gerald is confident that investors in Reynolds American stock – and Big Tobacco – have nothing to worry about…
What's Driving Halliburton (NYSE: HAL) Stock After Today's Earnings
Halliburton Co. (NYSE: HAL) stock was up 1.7% reaching a high of $72.20 early Monday after the company reported second quarter earnings that matched analysts' expectations.
HAL reported Q2 earnings per share (EPS) of $0.91 which was up from $0.73 last year. The company also reported revenue of $8.05 billion, up from $7.32 billion last year.This one development will drive HAL stock for a long time to come...
Alibaba IPO Price May Come at a Discount to Investors
According to a Bloomberg report, the Alibaba IPO price could be 22% lower than most analyst valuations when the company goes public later this year – but the reason is actually good for investors…
A recent Bloomberg survey of five analysts placed the valuation of Alibaba Group Holding Ltd. (NYSE: BABA) at $154 billion at the time of its IPO. The same survey said that Alibaba could reach a post-IPO value of $198 billion.
Here's why Alibaba may lower its IPO price when it comes time to make its public debut…Here's how a more modest valuation will actually help Alibaba investors...
The Six-Week Silver Price Rally Ends on Summer Trading and Renewed Confidence
Barring a big surge later in the day, silver prices are likely to finish down on the week for the first time since the last week of May.
Here's why silver has traded higher during these typically slow summer weeks…Here's why silver has traded higher during these typically slow summer weeks..
U.S. Labor Department Jobs Report: Big Gains in June, but Still Lagging Behind
Optimism surrounded Thursday's release of the June U.S. Labor Department Jobs Report, but although the numbers were better than expected, we still have plenty to worry about, and the economy is still in trouble.
Employers added 288,000 jobs in June. The unemployment rate dipped to 6.1% from 6.3%, the lowest level since September 2008.
Despite some encouraging figures in the jobs report, it is still peppered with troubling data – like these dismal numbers…Despite some encouraging figures in the jobs report, it is still peppered with troubling data - like these dismal numbers...
These U.S. Natural Gas Stocks Are Critical to the EU's New "Master Plan"
The ongoing civil war in eastern Ukraine, along with the corresponding crisis between Kiev and Moscow, means that Russian gas supplies to the EU could be cut off again come September.
In 2009, the last time Russia said nyet to European natural gas deliveries, the continent barely survived one of the coldest winters in years.
This time around, Europe's savior could be U.S. liquefied natural gas (LNG) exports – which is good news indeed for select natural gas stocks…And that's good news indeed for these natural gas stocks...
What Are High-Yield Stocks?
With interest rates at an all-time low, high-yield stocks have replaced bonds as the best option to provide a stream of income in a portfolio. What's more, they deliver the added perk of equity ownership for potential growth.
Here we explain what high-yield stocks are and give readers a few examples to get them started today…Here we explain what high-yield stocks are and give readers a few examples to get them started today...