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Investors hate uncertainty, and Chinese officials are introducing more to Macao's gambling industry.
Evergrande, a Chinese property giant, is on the brink of default. Here's what investors need to know.
Shares of Ford Motor Company (NYSE: F) were trading lower at midday on Monday, amid a broad-based sell-off driven by investor concerns about the deeply indebted Chinese property developer China Evergrande Group (OTC: EGRNF). As of noon EDT, Ford's share price was down about 5.6% from Friday's close. Investors are concerned about Evergrande: The giant property developer has huge debt that it probably can't service, bankruptcy appears likely, and the Chinese government has hinted that no bailout will be forthcoming.
On Monday, this somewhat obscure, overseas risk suddenly shook up financial markets from Asia to Europe and the U.S., where all three major benchmark stock indexes, the S&P 500 (SPX) Dow industrials (DJIA) and Nasdaq Composite (COMP) appeared to be headed for the worst one-day drop in more than two months. On one level, Evergrande—which reportedly faces at least $83.5 million in interest payments due on Thursday, with a 30-day grace period — is raising concerns about a liquidity crisis among all Chinese and Hong Kong property companies, as markets quickly turn off access to dollar funding. In a more macro way, the firm’s woes are bringing to the fore China’s wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba Group Holding Ltd. (HK:9988) which is rattling confidence in the world’s second-largest economy.
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Monday morning amid a broad-based sell-off driven by concerns around the heavily indebted Chinese property developer China Evergrande Group (OTC: EGRNF). At 11:30 a.m. EDT, NIO's American depositary shares were down about 5% from Friday's closing price. You've probably heard that Evergrande is thought to be close to bankruptcy, that the Chinese government is thought to be unwilling to bail it out, and that its failure could have broad effects on stocks in China and possibly beyond.
Fear contagion from the Evergrande crisis, warns Goldman Sachs.
U.S. stocks are experiencing the biggest wave of volatility in months but options traders are showing little appetite for more protection, a sign that at least some of them believe the current selloff will be short-lived. The Cboe Volatility Index, known as Wall Street’s “fear gauge,” stood at 27.5 on Monday, its highest level in more than four months, as concerns about heavily indebted Chinese property company Evergrande added to jitters over global growth. Options market analysts said there were few indications that investors were putting on trades to shield their portfolios from further market drops, at least for now, however.
Palantir (NYSE: PLTR) didn't gain much attention when it went public via a direct listing last September. Let's see why investors weren't initially interested in Palantir, why it subsequently attracted a stampede of bulls, and why it could still have room to run after retreating from its all-time highs. Why did investors ignore Palantir's direct listing?
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Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.
Simple physics tells us that what goes up must come down – but sometimes, market forces take what’s gone down and pushes it back up. And that fact helps to outline the basic opportunities investors should look for. In short, what’s needed are stocks that have hit a hard time – but remain fundamentally sound. Prices can rise and fall for a wide range of reasons, and while many times those reasons bode ill for the stock, they don’t always. A bad sales month coinciding with a quarterly report; a se
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For nearly 18 months, investors have enjoyed a historic bounce-back rally in the stock market. The following trio of stocks are all down at least 33%, if not more, from their 52-week highs, but can be confidently bought hand over fist by investors. The first winning stock that's been beaten down of late is technology-driven real estate company Redfin (NASDAQ: RDFN).
If an investment in a growth stock works out, you only need to allocate a small amount. Growth stocks are typically volatile, giving investors more chances to buy the dip without waiting for a general market downturn. Connected home-fitness leader Peloton Interactive (NASDAQ: PTON) jumped into the spotlight last year when people shifted from gym visits to at-home activities.
DEEP DIVE An expected bond default by real estate company China Evergrande Group led to an early tumble for U.S. stocks Monday. The Dow Jones Industrial Average (DJIA) was down 1%, while the S&P 500 Index (SPX) fell 1.
It can be unnerving to watch a stock drop 30% (or more), but it's something you'll likely encounter many times, especially if you invest in growth stocks. With that in mind, Pinterest (NYSE: PINS) and UiPath (NYSE: PATH) are down 39% and 40%, respectively, from their all-time highs. Pinterest blends visual search and social media, enabling users to engage with content like articles, images, and videos.
U.S. stocks skid Monday afternoon, as investors parse the potential impact of the collapse of a debt-laden property developer in China and traders position ahead of a two-day meeting of Federal Reserve policy makers that begins Tuesday.
If you want to know who really controls Cleveland-Cliffs Inc. ( NYSE:CLF ), then you'll have to look at the makeup of...
A key technical level for the stock market has been breached due to the crisis gripping China property developer Evergrande.
EV stocks have witnessed quite a decent amount of interest from investors over the past few years. Several factors contributed to the surging investor enthusiasm for these stocks. Among the top contributors to investors' appetite for EV stocks has been the incredible growth seen with incumbents such as Tesla (TSLA), as well as the recently bullish political landscape for electric vehicles spurred by President Biden's American Jobs Plan. Of course, this narrative remains strong for growth investo
In this article, we discuss the 10 stocks that analysts are upgrading. If you want to skip our detailed analysis of these stocks, go directly to Analysts Are Upgrading These 5 Stocks. The United States (US) economy has recovered from the COVID-19 pandemic faster than expected. According to a data depository maintained by the Department […]