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Hailing from a wide range of sectors, see 29 of today's fastest-growing stocks expecting 76% to 1,316% EPS gains in 2021.
The multinational conglomerate General Electric Company (GE) announced the date for its 1-for-8 reverse stock split to be effective post-close of trading on July 30. The shares will start trading on a split-adjusted basis on August 2. Shares closed down 1.7% at $12.78 on June 18. Over the years, GE has gradually divested several businesses, including nearly all of GE Capital, without making any related alterations to reduce the share count. (See GE stock chart on TipRanks) Carolina Dybeck Happe,
(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.The conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.The couple’s divorce announcement last month cracked the cur
Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock […]
Morgan Stanley said 2021 was beginning to resemble 2004, a year which may offer clues for investors as to what will happen in the months ahead.
We’re halfway through the year, and while the markets have been volatile, investors are having a good time so far. The S&P 500 has gained 11% year-to-date, and the tech-heavy NASDAQ has gained 9%. With the Fed keeping interest rates at historic lows, stocks are offering better rates of return – and they are keeping ahead of inflation, as well. But while the overall markets are up, individual stock performance can and will vary. Which means that in the midst of a general rising trend, it’s still
(Bloomberg) -- Obscure oil company Torchlight Energy Resources Inc. saw its shares more than double in a week after it became the latest stock touted on Reddit as a possible short squeeze.The Plano, Texas-based company jumped as much as 74% to $10.88 a share on Monday before paring some gains, though it’s still up about 130% from a week ago. Torchlight, which has a market capitalization of about $1.2 billion, is the second-biggest gainer on the Nasdaq this year.In December, Torchlight announced
The telecommunications industry in the United States is currently going through a change, as telecommunication giants like AT&T and Verizon divest their non-core assets. These companies are increasingly focusing on the deployment of 5G networks. Using the TipRanks Stock Comparison tool, we will compare two telecommunication companies, At&T and Verizon, and see how Wall Street analysts feel about these stocks. AT&T (S&P 500 :T) AT&T is a global provider of telecommunications, media and technology
(TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") today reported that 2021 production guidance for its Candelaria Copper Mining Complex ("Candelaria") in Chile is reduced to 150,000–155,000 t of copper and 85,000–90,000 oz of gold on a 100% basis.
You bring up an interesting dilemma some retirement savers may not think of, which is having your retirement assets locked away in investment portfolios intended to be used at an older age. Employer-sponsored retirement accounts, such as 401(k) plans, are a great tool for investing for retirement because they are tax-deferred, which means more money is growing until it’s time to withdraw. The first task is to double check on your company’s policy for the age 55 rule (for readers unfamiliar with this rule, it allows people age 55 or older who were separated from their jobs — either because they were fired or voluntarily left — to tap into the 401(k) from their current employer before the required age 59 ½).
It's a gobble gobble of a time in the corporate career of Lordstown Motors President Rich Schmidt.
Since the outset of the COVID-19 pandemic in early 2020, the stock market has embarked on a journey with ups and downs, the likes of which had been unprecedented. As the saga goes, the virus set in, and people were at home and looking for entertainment. This, coupled with the hopeful possibility of building wealth directly from one’s phone and/or couch, brought a new generation of retail traders to the market. They began to push speculative equities and securities around in their search for quic
Cisco is well-positioned to benefit from an expected acceleration in enterprise tech spending. Evercore ISI research analyst Amit Daryanani sees shares reaching $100.
Retail investors have a lot more financial firepower to unleash on the stock market this year, reasons Goldman Sachs.
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]
Stocks rose on Monday, with the three major indexes looking to recover some of last week's steep losses as an initial jolt following the Federal Reserve's updated outlook for rates subsided.
Technology company MicroStrategy has spent almost half a billion dollars on bitcoin, even as the market continues to collapse. Michael Saylor, MicroStrategy’s founder and chief executive, said that it had spent $489 million in cash on its 13,005 new bitcoins. The new bitcoins were bought at an average price of around $37,617, Mr Saylor said in a tweet.
Shopify Inc. shares are rising toward a new record high as enthusiasm builds for the e-commerce powerhouse ahead of its annual user conference.
Bronte Capital, an investment management firm, published its “Amalthea Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 8.17% was delivered by the fund for the first quarter of 2021, outperforming the S&P 500 Index that delivered a +4.4% return for the same period. You can […]
The Canadian dollar strengthened against its U.S. counterpart on Monday as stock markets steadied and oil prices rose, with the currency clawing back some its decline from last week when the Federal Reserve turned more hawkish. The Canadian dollar was trading 0.5% higher at 1.2395 to the greenback, or 80.68 U.S. cents, after earlier touching its weakest level since April 26 at 1.2486. Canada is a major exporter of commodities, including oil and copper, which have benefited from Fed stimulus.
MicroStrategy has made good on its promise to use the funds raised by selling $500 million in senior secured notes.