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There's no big news for the company, but investors appear to be more bullish about growth stocks.
(Bloomberg) -- Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike.While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit icon GameStop Corp. jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record
Mortgage rates fall back ahead of this week’s FED policy decision in spite of inflation fears. Weaker NFP numbers may have eased pressure on the FED to make any immediate moves…
Nvidia Corporation (NASDAQ:NVDA) has been among an elite class of high-flying tech stocks. Over the past five years, NVDA stock has delivered a return of over 1,400%. Source: JHVEPhoto / Shutterstock.com So far in 2021 – a year that has not been kind to many other tech stocks – NVDA is up 32%. Its business is red-hot, with gaming, data centers, AI and crypto currency mining all driving revenue growth. That performance has meant that shares are expensive. The company wants to make those shares (n
The stock market faced its inflation fears this past week, and it came away better for it. But investors better make sure they don’t get too complacent.
I like cruising. In fact, I especially like the Celebrity line from Royal Caribbean (NYSE:RCL). But I would no more buy RCL stock than I would Gamestop (NYSE:GME). The numbers just don’t make sense. Source: ImagineStock / Shutterstock.com Royal Caribbean opened for trade on Jun. 11 near $89 per share. That’s a market capitalization of nearly $23 billion. Since the start of 2021, shares are up almost 21%. That’s also nicely above the S&P 500’s average gain of nearly 13%. However, promising moment
You could receive up to $300 per month for each of your kids through the end of the year.
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br
"Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
With environmental and sustainability concerns coming into focus this past year, electric vehicle stocks have seen some strong momentum. The shift from gasoline to battery-powered cars is now a fast-growing trend in the auto sector. Because of that, traditional automakers are moving aggressively towards electrification while fresh-on-the-scene electric vehicle (EV) companies work on innovative new technologies. So, EVs have received widespread support. Still, they continue to have their challeng
There’s been lots of public debate in recent months about Dogecoin (CCC:DOGE-USD). Is Dogecoin a currency or a security? Is it a good investment or a bad investment? Does Dogecoin seriously compete with Bitcoin (CCC:BTC-USD), or is it just a social media meme? Source: Orpheus FX / Shutterstock.com Today, I’d like to take a look at another important question. Is Dogecoin little more than a classic pyramid scheme? What Is a Pyramid Scheme? I’ll start out by defining a pyramid scheme and discussing
(Bloomberg) -- After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire.The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of the matt
It's important to take these specific financial steps during the last year before you retire to set up the worry-free retirement you deserve.
The curtains have come down this week for bulls in many of the market’s most popular marquee shorts. But on Wall Street and where the show must always go on, the following oversold, most-shorted stocks price charts look ready to be tapped for roles as best supporting tickers to rally. AMC (NYSE:AMC). GameStop (NYSE:GME). Bed Bath & Beyond (NASDAQ:BBBY). The well-known brands and heavily-shorted stocks were in the spotlight for the Reddit crowd the past couple weeks with sequel-like price spikes
(Bloomberg) -- If the meme-stock mayhem were a movie -- and by all accounts it will be -- we’re now at the scene where the protagonists, after pulling off their first big mission, fight about what to do next.Emboldened by their initial success, the more daring would be anxious to ride again while the weather-worn veterans advise caution and, somewhere in between, a few characters can’t decide which side they’re on.That scene is playing out now on the 10 million-member WallStreetBets forum, where
A developer of electric, flying taxis is set to go public in New York by merging with a SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.
CD Projekt reported a worse-than-forecast 65% drop in profit in the first quarter. U.K. activist investor Abri Advisors wants changes.
(Bloomberg) -- U.S. inflation is back in the news after being dormant for years, potentially affecting how Americans think about price pressures after not thinking about them much at all.The Federal Reserve says expectations that inflation will stay near its 2% target will help to ensure the current surge in consumer prices, which jumped 5% in May, will be temporary. Chair Jerome Powell can expect questions on this at his post-meeting press conference Wednesday.To explore that assumption and fin
The status of your lender and the condition of your local housing market are some of the factors that determine how many payments you can miss.
It’s been a very long time since BlackBerry (NYSE:BB) was a dominant phone maker. In recent years, the company has focused on different areas of technology — and yet, many traders only know BB stock as a high-flying meme stock. Source: Shutterstock There’s nothing inherently wrong with Reddit and Robinhood traders latching on to BlackBerry. But a complete investing strategy doesn’t just involve chasing after meme stock trends. It’s much more important to look at what the company is doing to adva
The move by the Thai SEC is just the latest action by the regulator as it works to provide a framework for crypto in the kingdom.