Today’s stock pick update

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A federal grand jury charged Nikola founder Trevor Milton with three counts of fraud, sending the company’s stock more than 8% lower this morning. According to the indictment, Milton has been accused of lying about “nearly all aspects of the business” in order to boost the stock. Milton, who resigned in September 2019 amid scandal, is facing two counts of securities fraud and one count of wire fraud. “Milto...

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A10 Networks Inc (NYSE: ATEN): A10 shares jumped as much as 13% yesterday after the company announced revenue growth of 12.7% year-over-year in the second quarter. “Our focus on customer-centric product innovation and on driving improvements in commercial execution is beginning to deliver results, with consolidated revenue growing double-digits in the second quarter and EBITDA growing faster than that rate,” Dh...

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There are some positive signs, to be sure – yesterday’s earnings announcement from Boeing (BA), for example showed a clear increase in demand for jet airlines that so far seems to match indications that travel demand is starting to come back. Even so, I think there remains enough risk – not only related to the pandemic, but also simply from the still-very-extended state of the broad market, and the increasing pace of economic activity that at some point has to shift in the oppos...

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Featured Stock

Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2020, the company had 51.2 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, brand sponsor...

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Investing is Inherently Risky - There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses.

                  

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