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We are looking at Simon Property Group (SPG) today.
Why Simpon Property Group (SPG) stock jumped today?
Shares of Simon Property Group were up more than 17% on Monday. Like most REITs, the company had stopped its dividend payment in response to the COVID-19 pandemic's impact on the commercial real estate market. On Monday, the company resumed its dividend at 50%, and that was enough to give investors confidence about the future of the company.
It's no surprise that the stock was initially hit significantly due to the COVID-19 pandemic. Investors were expecting a drastic shift to work-from-home living and e-commerce across the world. The fear of drastic change in the way people live and work spooked investors away from real estate income trusts such as SPG. However, with a solid and robust balance sheet, SPG is among some of the most reliable REITs (get the list). The hopes of reopening the economy are renewing trust in the future of the stock and its dividend payment power. Make sure to have a look at the company's Stock Card.
If you don't have a brokerage account to invest in REITs, here is one of the best. We like the M1 Finance app that has an easy-to-use interface and automatic dividend-reinvestment feature. Give it a try if you are in the market for a new brokerage account:
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We are looking at SolarEdge (SEDG) today.
Why SolarEdge stock fell today?
Shares of SolarEdge were down more than 7% on Thursday. An analyst from Goldman Sachs issued a "sell" rating for the stock, and investors didn't like the news a bit. Brian Lee from Goldman believes the company has peaked its U.S. share of inverter systems for solar photovoltaic (PV) installations, and the margin is under a lot of pressure too.
The company has been one of the high-flyers of the market in recent quarters. Even with the decline on Thursday, the stock has gained more than 60% in the last three months. Something to watch, if the price drops further.
We recently took a look at this the brokerage app called Stash Invest, and we liked some of its cool features. You can start investing with at little as one dollar. Have a look ...
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We are looking at Uber (UBER) and Lyft (LYFT) today.
Why Uber and Lyft stocks fell today?
Shares of Uber and Lyft were down almost 8% each on Wednesday. The news broke that California may be moving rapidly toward forcing the two companies to hire their drivers as employees.
If California succeeds in forcing the so-called gig economy companies such as Uber and Lyft to hire their independent contractors, it leads to a significant hit to those already unprofitable companies' margins. California says if your business is giving people a taxi ride, you have to own and be responsible for what moves people. The drivers are the business of Uber and Lyft, and they have to be the employees of Uber and Lyft.
In a way, California is questioning the future of the so-called gig economy and independent contractors for everything.
We are looking at Salesforece.com (CRM), today.
Why did Salesforce.com stock fell today?
Shares of Salesforce were down almost 2% on Tuesday. The price decline can be in anticipation of the next week's earnings reports and due to investors locking their gains before the earnings. Overall, it's a bit surprising to see that the price decline considering the joint announcement with Siemens (Ticker: SIEGY).
The two companies are making a system that can enable companies returning to work safely. Siemens connects its products with Salesforce's work.com, traces the employee's movements, and warns them if the number of a room's occupants exceeds a certain threshold.
This is an example of a technology company that can explore a new business opportunity without much friction. This is how a technology company can come up with a new revenue opportunity that was never forecasted by investors had they only been using historical data. We don't know if this means new revenue for Salesforce, but we just enjoy observing how the company can slide and find its way into new revenue opportunities.
We are looking at Fastly (FSLY), today.
Why did Fastly stock jump today?
Shares of Fastly (FSLY) were up more than 16% on Monday. The stock has grown more than 270% since the start of 2020 and just received new "buy" and "strong-buy" recommendations by financial analysts.
The company is benefiting from the transition of the world to digital lives. It enables faster delivery of content via what's known as the "edge cloud." According to the CEO, all content on the internet can benefit from the "edge cloud" and move away from legacy systems while being secured at the "edge." The company only has 300 customers, and its closest competitors have thousands of customers, and it is only starting to grow.
Despite being a recent IPO, and not generating profit or free cash flow, the momentum of the market is driving the stock further, and investors continue to stay optimistic about the future of Fastly. The concerning aspect of the stock is trading at 25 times its sales. So, the decision is whether the growth rate can justify the stock's high price. This is canbe an addition to your watchlist as both a speculative and long-term hold. Make sure you have a look at the company's Stock Card, before making a decision.
Navigating the current uncertainties isn't easy for investors. Acorns is one of the best brokerages that helps you get started by investing your spare change. Check it out:
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