Also: takeaways from earnings, ideas for stock pickers ... and should you get a day off when your pet dies?
Yahoo Finance Live’s Brian Cheung and Brian Sozzi discuss why retail traders are angry at activist investor Ryan Cohen for selling his remaining stake in BBBY stock.
In this article, we discuss the 5 stocks that Warren Buffett is buying on the dip. If you want to see more stocks in this selection, click Warren Buffett is Buying the Dip on These 3 Stocks. Berkshire Hathaway’s Warren Buffett went on a buying spree despite the turmoil in the global equity markets. In […]
The stock rose as much as 272% but is up about 175% as of 1:25 p.m. ET. The tech stock's gain came on the day of its initial public offering (IPO). Given the way the stock is soaring, the market apparently thinks the IPO was underpriced.
Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.
A 20-year-old USC student has made a $110 million profit from trading meme stock favorite Bed Bath & Beyond, following a frenzy in Wednesday’s trading session.
For investors looking to maximize their wealth by the time they retire, the following pair of beaten-down businesses that possess strong growth capabilities are a worthwhile place to start. Freelance marketplace operator Fiverr (NYSE: FVRR) was a pandemic-lockdown superstar. Although Fiverr's stock price is down 65% in 2022 and off 82% from its all-time high, the freelance shop is still growing, albeit at a slower rate as SMBs became more cautious due to rampant inflation and rising energy costs and interest rates.
Yahoo Finance Live co-anchor Seana Smith looks at several trending stocks moving in after-hours trading.
A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery, the Shanghai First Intermediate Court said. China-born Xiao, known to have links to China's Communist Party elite, was last seen whisked away in a wheelchair from a luxury Hong Kong hotel in the early hours with his head covered, a source close to the tycoon told Reuters at the time.
The past few weeks have been refreshing for Cathie Wood and fans of her style of growth stock investing. The CEO and co-founder of Ark Invest publishes the buys and sells of her firm's exchange-traded funds (ETFs) every market day, giving the public insight into her latest allocation strategies.
Jake Freeman cashed out his 6% stake in the meme stock after it exploded on Tuesday.
(Bloomberg) -- The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago. There’s no systemic meltdown coming this time around, because there hasn’t been the same level of lending excesses and because many of the biggest banks pulled back from mortgages after the financial crisis. But market watchers nonetheless expect a string of bankru
Back up the EV on shares of General Motors, says this one analyst.
A lot of surprising companies are paring back their payrolls lately. Some of them should bounce back soon.
(Bloomberg) -- Billionaire Ryan Cohen pocketed a $68.1 million profit from the sale of his stake in Bed Bath & Beyond Inc., scoring a 56% gain on an investment he held for roughly seven months.The retail traders who poured millions of dollars into the struggling retailer’s stock, on the other hand, may be just starting to feel the pain -- especially if they were late to the trade.Bed Bath & Beyond shares, which were hammered on Thursday, plunged as much as 43% Friday after Cohen’s exit was discl
Yahoo Finance's Julie Hyman and Brian Sozzi discuss Rivian dropping its low-cost electric truck option.
(Bloomberg) -- Gazprom PJSC will stop delivering natural gas to Europe through its main pipeline for three days, further squeezing energy supplies just as Germany is trying to build up stocks for the winter.European benchmark futures soared as much as 9% after the Russian producer said it won’t ship any gas to Germany via the Nord Stream pipeline from Aug. 31 through Sept. 2 because of maintenance. The work will involve the only functioning turbine that can pump gas into the link.The European ga
Strategists at Citi Research say the current bear-market rally is in line with the length of an average bear-market bounce, and sentiments improved as much as it typically does. These signs suggest a possible end soon.
(Bloomberg) -- One big force at the center of the two-month equity rally is showing signs of fatigue. It’s the behavior of short sellers, whose frantic efforts to unwind bearish wagers created buying that added fuel to the $7 trillion share advance. Evidence is arising now that the process is petering out.Hedge funds that make both bullish and bearish equity bets pretty much stopped purchasing shares to return to lenders this week after previously doing it at the fastest pace in more than two ye
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
In this article, we will look at the 12 best materials stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Materials Stocks to Buy Now. Inflation, rising interest rates, and supply chain difficulties are the usual suspects that have an impact on the performance […]