A campaign to vaccinate the elderly has sparked hopes China might roll back severe anti-virus controls that prompted protesters to demand President Xi Jinping resign, but the country faces daunting hurdles and up to a year of hard work before "zero COVID" can end.
When Cathie Wood speaks, people listen. The chief executive of Ark Investment Management has had a far-from-perfect record when it comes to her investment choices -- not to mention not exactly flattering feedback from CNBC's Jim Cramer. When asked what stock Wood would choose she won a million dollar lottery and was forced to choose a stock for ten years, Wood's pick was just as disruptive as her reputation.
Shares of Coinbase (NASDAQ: COIN) have gotten crushed since hitting public markets, but the business is in better shape than you might think. There's billions of dollars in cash on the balance sheet, and there are growing revenue sources from USDC and Ethereum (CRYPTO: ETH) staking.
The Nasdaq Composite dipped into a bear market last year, and the tech-heavy index is still 28% off its high. Investors often overreact to good and bad news, so stocks tend to rise too high during bull markets and fall too far during bear markets. Warren Buffett hinted at that quirk of human nature when he said, "Be fearful when others are greedy, and be greedy when others are fearful."
A short squeeze occurs when short-sellers rush to cover their positions on a stock. The sudden rush of buying can quickly push a stock price higher. After a tough market year in 2022, some stocks have built up large short-seller followings, potentially priming the pump for a new wave of short squeezes.
For the third day in a row, Tesla (NASDAQ: TSLA) stock is riding higher -- up 4.3% as of 10:10 a.m. ET. The Federal Reserve's decision to raise interest rates only 25 basis points yesterday is probably part of the reason for that -- indeed, growth stocks in general seem happy to run today, with the entire Nasdaq up nearly 2%. Tesla's plan to cut the prices of its electric cars, you see -- not just in the U.S., but in China as well -- is having its intended effect of stoking consumer demand.
On any list of biotech plays that might multiply in value in a relatively short period, Cassava Sciences (NASDAQ: SAVA) is likely to be near the top of the list. It's exploring whether its drug called simufilam is safe and effective to treat early-stage Alzheimer's disease, though its clinical trials have (so far) shed little light on the issue. The biggest reason to sell Cassava stock: After an open-label phase 2 clinical trial of simufilam, the market reacted quite negatively to the release of new data that management spun as being positive.
Despite a dismal performance in 2022, shares of all-digital bank SoFi Technologies (NASDAQ: SOFI) climbed 50.3% in January. There are lots of reasons for the run-up, not least of which were a better-than-expected performance during the fourth quarter of 2022 and an improved outlook. Will the big gains SoFi made in January fizzle out in February, or is the stock at the beginning of a much longer bull run?
Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results.
Change doesn't have to be bad.
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Brent Thill, Jefferies Equity Research Analyst, analyzes Meta's stock pop after earnings. You can see the full interview here. Key video highlights 00:25 On how Instagram has improved 00:40 On better ad targeting 00:55 On other social platforms 01:30 On the stock move
Top health insurance company Humana (NYSE: HUM) wasn't necessarily tops with investors on Wednesday. After reporting its latest set of quarterly figures, the company's share price bumped slightly higher, by 0.3%, which wasn't high enough to beat the S&P 500 index's more than 1% increase. It's not that Humana's results for the fourth quarter 2022 were bad or uninspiring; it's just that they didn't excel.
Dividend investors should consider loading up on these stocks as this could be a good year for both of their businesses.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
These high-octane income stocks, with yields ranging from 4.3% to 15.4%, have been bought hand over fist by billionaire investors.
Tech editor Dan Howley takes a closer look at Meta's latest earnings beat alongside updates to its share buyback program.
Shares of connected-TV platform company Roku (NASDAQ: ROKU) jumped 41.3% in January, according to data provided by S&P Global Market Intelligence. Roku's gains seem to be based on some fundamental improvements to the business, which is good. Roku kicked off the new year by launching its own line of smart TVs.
Did you know that if a company were to increase its dividends by 5% per year, it would take 14 years for its payouts to double? A couple of stocks with the most aggressive dividend growth records you can invest in today are UnitedHealth Group (NYSE: UNH) and Broadcom (NASDAQ: AVGO). Health insurance giant UnitedHealth Group may not strike income investors as an ideal dividend stock to buy, as it yields just under 1.4%, which is below the S&P 500's current average yield of 1.7%.
In the latest trading session, Deere (DE) closed at $426.99, marking a +0.98% move from the previous day.
Apple (AAPL) earnings are expected at 4:30 pm ET Thursday, February 2nd, 2023. Apple CEO Tim Cook is set to take center stage on the earnings call. Investors will be watching closely for key items including iPhones, fallout from ongoing lockdowns in China, mounting layoffs in the tech industry and beyond and questions about the state of the U.S. economy overall. Yahoo Finance's Brian Sozzi and Brad Smith break down the three things they're watching after the call.Make sure you tune into their live coverage following Apple's earnings call later this afternoon Watch: Yahoo Finance Live Programming - 10am ET: Cathie Wood discusses tech earnings - 11am ET: Why the earnings call matters - 4:30pm ET: Dave Briggs and Seana Smith bring Apple's earnings to you live - 6pm ET (or when the earnings call ends): Brian Sozzi and Brad Smith will have a vibe check with market reaction and a look ahead at what Apple's results mean for both consumers and investors.
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