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Shares of the online gambling company started to fall at the end of last week and the trend has just kept going.
The yield-sensitive Nasdaq Composite Index on Wednesday logs its first close in correction territory since March. Here's what history says happens next.
Let’s talk about quality stocks. Of course, this is the direction that every investor wants to go; but the question is, how to recognize them? Do we go all-in on the big-value, big-name giants? Or do we dig a little deeper, and find the high-end nuggets that are hiding in the sandheap? Weighing in from investment bank Morgan Stanley, chief investment officer Lisa Shalett recommends the latter. She recommends investors to look for beaten-down stocks, equities that have lost value recently – but t
Shares of Ford Motor Company (NYSE: F) were trading down on Wednesday, after the company previewed a series of one-time items it expects to report with its fourth-quarter earnings. As of 1 p.m. ET, Ford's shares were down about 7.2% from Tuesday's closing price. At first glance, Ford's preview, released after the U.S. markets closed on Tuesday, was good news.
Still wondering if a bear market is coming soon for the S&P 500? It's already here now for a staggering number of big U.S. stocks.
Valneva SE (NASDAQ: VALN) has announced results from an initial laboratory study demonstrating that serum antibodies induced by three doses of Valneva's COVID-19 vaccine candidate, VLA2001, neutralize the omicron variant. Sera from 30 participants in the Phase 1/2 trial VLA2001-201 were used to analyze the neutralization of the ancestral SARS-CoV-2 virus and the Delta and Omicron variants. All 30 samples presented neutralizing antibodies against the ancestral virus and Delta variant, and 26 samp
There wasn't any company-specific news released today, but investors may be following a larger trend of selling technology stocks as bond yields rise. Nikola's stock is down by 6% as of 10:50 a.m. ET. Investors typically sell high-growth tech stocks when bond yields rise because it means that future profits from these companies will be worth less than they would have been if rates remained lower.
Still earning peanuts in your savings account? These 3 income stocks might help.
For the past 12 years, growth stocks have shone brightly on Wall Street. Below are five growth stocks with all the tools and catalysts necessary to make you richer in 2022 (and likely well beyond). The first fast-paced stock with the potential to drive home solid gains for investors throughout 2022 is electric vehicle (EV) manufacturer Nio (NYSE: NIO).
Inflation is red-hot. Keep up with these dividend growers.
Like many of its peers in the fintech sector, Sofi Technologies (SOFI) stock has been taking a hammering over the past few months. However, that all changed on Wednesday, after the company was granted the long-hoped-for U.S. banking charter by the Office of the Comptroller of the Currency. The much-needed sentiment boost could help kick off a turnaround and Wedbush’s David Chiaverini believes the final hurdle cleared on the path to becoming a bank should “accelerate earnings growth.” However, th
For the fourth trading day in a row, Rivian (NASDAQ: RIVN) stock is falling. Down 3.5% as of 1:35 p.m. ET, Rivian stock actually costs less today than it did at its initial public offering (IPO) two months ago. First and foremost, Rivian is an unprofitable electric truck start-up.
Hydrogen fuel cell maker Plug Power sees 2022 revenue surging 80% year over year to up to $925 million. Is PLUG stock a buy now?
Brace for stock market volatility, warns this top investing strategist.
(Bloomberg) -- The global semiconductor shortage is hitting one of the industry’s most important gear makers, potentially creating a vicious cycle that will further strain supply to companies from Nissan Motor Co. to Apple Inc.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts Nasdaq Into Correction: Markets WrapIs Covi
After posting explosive gains yesterday, shares of Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) are giving up ground in Wednesday's trading. With excitement building around Trump Media & Technology Group's upcoming Truth Social media platform and a recent rally held by the former president potentially pointing to another presidential campaign in 2024, Digital World Acquisition and Phunware surged on Tuesday. Digital World Acquisition is a special purpose acquisition company (SPAC) that's on track to take Trump Media & Technology Group public through a merger, and Phunware is being eyed by investors as a potential software service provider for Truth Social or another White House bid.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to provide an update on operations and appoints two new directors to its board, Craig Steinke and Dr. Joseph Davis, effective immediately. Mr. Steinke will assume the role of Executive Chairman.
(Bloomberg) -- The co-founder of fintech unicorn BharatPe will go on a two-month leave of absence, a remarkable turn of events for an outspoken 39-year-old who several Indian media outlets in recent weeks had alleged having made an abusive phone call to a bank employee. Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts
Shares of Pan American Silver (NASDAQ: PAAS), Fortuna Silver Mines (NYSE: FSM), and Coeur Mining (NYSE: CDE) all rose strongly on a bad day for the markets today, up 9.6%, 10.2%, and 8.6%, respectively. In addition, Pan American Silver released its preliminary fourth-quarter production report on Wednesday, and Fortuna released its own report on Tuesday. In the fourth quarter, Pan American mined 19.2 million ounces of silver, versus its guidance of 19 to 20 million ounces.
What happened Silver and gold stocks soared higher in Wednesday afternoon trading. Here is where shares of three mining companies stood as of of 12:20 p.m. ET: Hecla Mining (NYSE: HL) is up 12%. First Majestic Silver (NYSE: AG) is passing 12.
When interest rates increase, here's what historically has happened to the stock market.