It took fearless activist Elliott Management to get investors interested, but DropBox stock is finally attracting some positive attention from investors.
And that puts the stock square on our buying radar.
So what plans do they have in store for DropBox?
And does that mean now is a good time to buy DropBox stock?
We'll show you everything you need to know...
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The common wisdom among most professional investors right now is that growth stocks are overvalued.
If you look at the top-tier big-name growth stocks, there is some truth to that.
The coronavirus stocks like Zoom Video Communications Inc.
(NASDAQ: ZM), DocuSign Inc.
(NASDAQ: DOCU), Amazon.com Inc.
(NASDAQ: AMZN), PayPal Inc.
(NASDAQ: PYPL), and others are indeed at nosebleed valuation levels.
These stocks have seen a massive upswing as we all stayed home more and looked for ways to avoid the virus.
While they are all wonderful businesses, many of them currently trade for multiples of sales and cash flows that would make the internet bubble stocks of the late 1990s blush with envy.
As big a story and as exciting as the coronavirus stocks have been, they are not the whole American business story.
There are still plenty of companies that are growing cash flows and earnings at a robust pace..
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It seems like every day we get good news about progress on a vaccine for coronavirus.
Unfortunately, a vaccine could mean headwinds for some of this year's favorite tech stocks.
Even though these companies are great, their stock prices have gotten a little overheated, which means it's best for investors to avoid buying them right now.
by Alex Kagin
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If you've been following the logic of the markets lately, it's telling us a coronavirus vaccine is bad news for tech stocks.
The Dow rallied over 1,000 points on the news that Pfizer (NYSE: PFE) has announced its COVID-19 vaccine is more than 90% effective.
But the tech-heavy Nasdaq is down 2% on the week.
Many stay-at-home stocks like Zoom (NASDAQ: ZM) and Peloton Interactive (NASDAQ: PTON) stumbled on the news and are down double digits on the hopes of returning to normal life.
Zoom plunged over 25% by mid-week.
Many have compared the current run in tech stocks to the Dot-com bubble.
Excessive speculation on internet companies drove share prices up until the market peaked in early 2000, then the whole thing came crumbling down.
I'm here to tell you this is not the case today.
Far from it.
And it's giving us the opportunity to invest in some of the best tech stocks on the planet for absurd discounts.
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The leading pandemic and work from home stocks have had spectacular years so far.
Companies that made work from home easier have seen profits shoot higher.
In some cases, these changes will be a permanent part of the business and personal landscape forever.
And two companies that have ridden this trend to new heights are Zoom and DocuSign.
With fewer people commuting to offices and instead conducting business online, these companies have been the breakout stars of 2020.
But if you could only invest in one of these companies going forward, which is the better stock to buy now? Today we're answering that question.
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Stocks had their best day since April as investors were optimistic that an effective coronavirus vaccine could soon be on the horizon.
U.S. Federal Reserve Chair Jerome Powell also made some long-term bullish predictions for the U.S. economy, saying the Fed will print as much money as it needs in attempts to solve any short-term problems.
The Dow closed up, 3.8%. The S&P 500 gained 3.1%. And the Nasdaq was up 2.4%.
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The coronavirus has created an economic crisis around the world, and no one is exactly sure how deep it will cut or how long it will last.
But it's changed the world in a way that's creating new opportunities for investors.
We're calling these winners of the post-COVID-19 world "virus stocks," and we've got three of them for you today.
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The consensus among our experts here at Money Morning is that the worst for the economy is still yet to come…
Instead of a quick "V-shaped" rebound, they're expecting longer, drawn out, "W-shaped" recovery for stocks.
But that doesn't mean some companies aren't worth owning now…
If you're patient and know what to look for, you can trade in and out of stocks with defined momentum.
The trend is your friend.
And it gives you a higher probability of making fast money in this volatile market.
It's important to pay attention to the nuances in this market.
And our experts know exactly what to look for.
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The Dow Jones today will stay flat after the United States and Mexico failed to reach an agreement on tariffs and immigration.
The U.S. plans to levy 5% tariffs on Mexico as soon as Monday.
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The Dow Jones today lost 98-points in premarket trading as investors prepared for a tense meeting among the G-7 nations.
President Donald Trump is expected to face an icy welcome from member nations over recently introduced tariffs on imports.
Safe-haven assets like the Swiss Franc were pushing higher ahead of the meeting.
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