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Tudor Pickering analyst Matthew Portillo launched coverage of Tesla stock with a Sell rating and $537 price target.
Today's gains probably shouldn't be too surprising, however, coming as they do on the back of positive comments from the CEO of MJBiz, a cannabis industry news site, yesterday evening. Speaking at MJBizCon 2021 in Las Vegas, company CEO Chris Walsh predicted that whatever happens in Congress, 2022 will see at least four more states flip to recreational marijuana legalization -- and perhaps as many as seven. Additionally, Walsh points out that Idaho and Nebraska are in line to legalize marijuana for medicinal purposes.
Brian Cheung, Julie Hyman and Brian Sozzi break down some of Thursday’s early earnings movers, including Crocs, IBM and HP.
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Of all the companies that could make a bid for Pinterest (NYSE: PINS), Paypal (NASDAQ: PYPL) was one of the least likely. While the offer represents a 26% premium over Pinterest's closing price on Tuesday before the news broke, the stock was trading near a 52-week-low at the time, and $70 a share would still be 22% below its peak in February.
Just because a company's stock is getting heavy attention in internet chatrooms doesn't mean its actual business can't also have potential.
Shares of AT&T Inc (NYSE: T) are trading slightly higher—although volatile— following better-than-expected third-quarter financial results. What Happened: AT&T reported quarterly adjusted earnings of 87 cents per share, which beat the estimate of 78 cents per share. The company reported quarterly revenue of $39.92 billion, which beat the estimate of $39.14 billion. Related Link: AT&T Shares Gain After Q3 Earnings, HBO Strength, Robust Full Year Outlook Cramer's Take: 'I'm willing to say this is
(Bloomberg) -- Hedge funds including D.E. Shaw and Saba Capital Management own stakes in a special purpose acquisition company that surged Thursday after former President Donald Trump announced plans to create his own publicly traded media firm through a reverse merger.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureBeef Industry Tr
With yields ranging from 4% to 10.3%, this trio is perfectly positioned to help income investors navigate volatility.
Welcome to the public markets, hot dog chain Portillo's.
After falling yesterday, shares of Plug Power (NASDAQ: PLUG) are roaring back today as the pessimism that plagued the fuel cell specialist's stock on Wednesday seems to be waning. The catalyst for today's movement appears to be news that the company is progressing in its plans to develop a green hydrogen production facility in its home state of New York. As of 10:25 a.m. EDT on Thursday, shares of Plug Power were up 5.7%.
Although the once white-hot returns of investing guru Cathie Wood's Ark Investment exchange-traded funds have cooled off considerably in 2021, she remains a fairly sharp prognosticator. At various times, she has picked up Sea Limited (NYSE: SE), Unity Software (NYSE: U), and Tesla (NASDAQ: TSLA) -- and according to three of our Motley Fool contributors, you might want to follow her lead and buy those stocks yourself right now. Eric Volkman (Sea Limited): Budding tech conglomerate Sea Limited is well-positioned to be a powerhouse, as it has not one, not two, but a trio of fast-growing business segments.
Ocugen's share price has skyrocketed roughly seven times more than Novavax's has. Does that make Ocugen the smarter vaccine stock to buy right now? Here are seven reasons why Novavax stock is a no-brainer pick over Ocugen.
If there's been one standout group of stocks since the end of the Great Recession in 2009, it's growth stocks. The combination of historically low lending rates and the Federal Reserve's ongoing quantitative-easing measures have made cheap capital abundant for borrowing purposes. According to Wall Street's consensus estimate, the following four growth stocks are expected to see their sales climb by 306% to as much as 658% by 2024.
Inflation worries seem to be at the forefront of investors’ concerns right now. However, Mark Smith, senior vice president and portfolio manager at Wells Fargo Advisors, has a solution to put investors at ease: “One of the best ways to combat inflation is through buying equities.” The reopening is “on strong,” people have more money than they ever had, and the banks have kicked off the latest earnings season in style - all are reasons to be “extremely bullish," according to Smith. With this in m
Ygal Arounian, Wedbush Securities VP of Equity Research, discusses recent reports that PayPal is in late talks to acquire Pinterest in a $45B deal.
The long-term average return for the S&P 500 has been about 11% per year, and that's through depressions and recessions, war and civil unrest. The beauty of stock investing is that you don't actually need to have a lot of money to get started and turn a small grubstake into a retirement nest egg. The gig economy is here to stay, and Fiverr (NYSE: FVRR) has become a key driver of its acceptance as an alternative income generating channel.
(Bloomberg) -- Former President Donald Trump on Wednesday announced a deal that would enable him to regain a social media presence after he was kicked off Twitter Inc. and Facebook Inc. platforms. Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightForget Palm Springs—Santa Fe Is the Ne
SmileDirectClub and Accelerate Diagnostics are super cheap right now, with very high short positions. Here's why the shorts might rupture.
Piotr Szulczewski, Founder And CEO at Contextlogic (NASDAQ:WISH), made a large buy and sell of company shares on October 18, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Piotr Szulczewski exercised options to purchase 73,904 Contextlogic shares for $0 on October 18. They then sold their shares on the same day in the open market. They sold at a price of $5.00 to raise a total of $369,520 from the stock sale. Szulczewski
Top digital payments stock PayPal is one of the leading growth stocks in the current stock market. But is it a buy right now?