Stock futures mixed as market eyes tech, dollar slides; Week Ahead: big earnings wave, PCE inflation data in focus; Salesforce shares leap as Elliott Management builds activist stake; AMD shares extend gains after Barclays upgrade and lawmakers move to tweak debt ceiling calculation.
A short squeeze occurs when short-sellers rush to cover their positions on a stock. The sudden rush of buying can quickly push a stock price higher. After a tough market year in 2022, some stocks have built up large short-seller followings, potentially priming the pump for a new wave of short squeezes.
Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results.
In this market, the last thing investors have been rewarding this earnings season is a bottom-line miss vs. expectations of any magnitude. Except if you are Meta.
Despite a dismal performance in 2022, shares of all-digital bank SoFi Technologies (NASDAQ: SOFI) climbed 50.3% in January. There are lots of reasons for the run-up, not least of which were a better-than-expected performance during the fourth quarter of 2022 and an improved outlook. Will the big gains SoFi made in January fizzle out in February, or is the stock at the beginning of a much longer bull run?
Brent Thill, Jefferies Equity Research Analyst, analyzes Meta's stock pop after earnings. You can see the full interview here. Key video highlights 00:25 On how Instagram has improved 00:40 On better ad targeting 00:55 On other social platforms 01:30 On the stock move
January has now been and gone and turned out to be a nice gift for investors. Battered by 2022’s bear, the tech-heavy Nasdaq, in particular, put in an excellent showing, seeing out the month ~11% into the green, in what amounted to its best start to a year since 2001. That signals the appetite for risk is on again and that will be good news for Cathie Wood, the ARK Investment CEO, whose investing style heavily favors disruptors - equities that are naturally positioned at the risky end of the sca
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
Dividend investors should consider loading up on these stocks as this could be a good year for both of their businesses.
If you want to know who really controls Bright Green Corporation ( NASDAQ:BGXX ), then you'll have to look at the...
In our call of the day, LaDuc says cash is the place to be and that investors are "being paid to wait. They're getting very favorable 4.5% on their sitting cash."
Pfizer (NYSE: PFE) enjoyed a record year in 2022. The big drugmaker's revenue topped $100 billion. Its earnings per share soared 42% to $5.47, which translates to nearly $31.4 billion in profits. Both top- and bottom-line numbers set all-time highs.
The e-commerce giant is greatly positioned to benefit from the Chinese economy reopening and provide long-term value.
Merck & Co. posted better-than-expected fourth quarter earnings Thursday, thanks in part to impressive sales of its blockbuster cancer treatment Keytruda, but forecast softer near-term profits, sending shares lower in pre-market trading. Merck said adjusted earnings for the three months ending in December came in at $1.62 per share, down 10% from the same period last year but firmly ahead of the Street consensus forecast of $1.54 per share. Group revenues, Merck said, rose 2% to $13.83 billion, against the $13.67 billion tally forecast by analysts that cover the pharma giant.
Shares of Genius Group Ltd. (GNS) soared 28.1% toward a 5 1/2-month high in premarket trading Thursday, after the the Singapore-based education company, said it will reward its shareholders by issuing a $10 blockchain-based digital discount coupon, or non-fungible token (NFT), for each share they own. First, the company said it began the application process to dual list its shares on Upstream, which is a trading app for NFTs and digital securities. Once that’s completed, the company will issue the $10 NFT coupons to shareholders.
Amazon.com Inc. is expected to deliver a profit for its holiday quarter, but not enough to offset its losses from earlier in 2022.
Tesla stock soared 41% in January, its best month since October 2021, leaving investors breathless and wondering what to do next.
Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according to a statement issued by the firm to exchanges on Wednesday. What Happened: The board decided not to go ahead with the share sale, which was fully subscribed. "Given the unprecedented situation and the current market volatility, the company aims to protect the interest of its investing community by returning the FPO proceeds and withdr
The past year reminded investors how volatile the stock markets can be. Dividend stocks can earn you steady, passive income even during tough times, and if the stocks also regularly grow their dividends, you could even build a fortune over your lifetime. If the idea of buying such a dividend stock now to earn a lifetime of passive income appeals to you, here are three stocks to check out right away.
Verizon (NYSE: VZ) and Ford (NYSE: F) are attracting investors to their robust dividend yields. This video will answer which dividend stock is a better buy for investors looking for passive income. *Stock prices used were the afternoon prices of Jan.
(Bloomberg) -- Gautam Adani’s businesses have lost $108 billion in a week, one of the biggest wipeouts in India’s history, after an explosive report by short-seller Hindenburg Research forced him to pull a stock sale at the 11th hour and led some lenders to reject his securities as collateral for client trades.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 Billion, Bonds SinkPorsche Blunder Puts $148,000 Sportscar on
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