GameStop, whose shares are up more than 960% this year, has become one of the hottest and most visible "meme stocks" followed on social media after its meteoric rise in a Reddit-driven retail short squeeze that caught Wall Street off guard in January. GameStop is trying to pivot to e-commerce and recently named a chief executive and a finance head to steer it through the transition.
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
Shares of Plug Power Inc. rallied 1.8% in premarket trading Tuesday, after the hydrogen fuel cell company reported a wider-than-expected first-quarter loss but revenue that rose above expectations as product revenue more than doubled. The net loss for the quarter to March 31 was $60.75 million, or 12 cents a share, after a loss of $37.45 million, or 12 cents a share, in the year-ago period. The FactSet consensus for per-share loss was 8 cents. Revenue jumped 76.3% to $71.96 million, above the Fa
President Joe Biden has been touting his proposed tax hikes on the rich by saying they need to start “paying their fair share.” The president wants to fund his $1.8 trillion American Families Plan by increasing taxes for wealthy households several ways, such as raising the top income tax bracket to 39.6% from the current 37% rate, a return to the top rate before Trump-era tax cuts. If the American Families Plan became law, the tax bite would be even harder on Vice President Kamala Harris and her husband, Second Gentleman Doug Emhoff.
Crypto markets face heavy selling pressure Monday, with the sector facing a bearish breakdown of trend.
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.
China’s regulatory crackdown continues to take toll on cryptocurrencies.
High-yielding stocks are back in vogue this year as investors hunt for dividends in a low-rate environment and favor value-oriented strategies. Barron’s screened the S&P 500 based on data from S&P Dow Jones Indices for top-yielding stocks and came up with eight companies with dividends in the range of 5% to 7%. A similar screen in January of S&P 500 high-yielders has yielded numerous winners, including (PM) (PM), (IBM) (IBM), and (PRU) (PRU).
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 866 world-class investment firms that we track and now have access to the collective wisdom contained in […]
In this article, we discuss the 10 best copper stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Copper Stocks to Buy Now. Copper is on track to become the new gold as the gap between supply and demand widens. According to a […]
HOUSTON/BENGALURU (Reuters) -Top U.S. oil producer Exxon Mobil Corp has kicked off a yearly performance review for U.S. staff, a process some workers dread because they view it this year as a prelude to stealth layoffs. The evaluations are expected to assign about 5% to 10% of the workforce to performance improvement plans that can lead to forced departures for those unable to achieve managers' goals, according to a person familiar with the process. Exxon last year targeted 8% of U.S. employees as low performers - up from 3% historically.
We’re in interesting times, there’s no doubt about that. The COVID crisis is receding, the economic reopening is proceeding apace – but there are inflationary worries. Many experts are concerned that further cost-of-living increases will result as consumer demand outstrips supply. On the other hand, the Federal Reserve believes it can curb an outbreak of inflation should it occur without throwing the recovery off track. Looking at economic conditions, Raymond James strategist Scott Brown noted,
(Bloomberg) -- After a slew of news related to renewed crackdowns from China triggered a Bitcoin selloff, chartists and analysts are turning to a sinister-sounding technical signal.The original cryptocurrency has formed a death cross, meaning its average price over the last 50 days fell below that of its 200-day moving average. The indicator is typically seen as a closely-watched technical measure that could offer a hint at more pain to come.Many analysts had anticipated the coin, amid a recent
Michael Burry issued the warning in a series of tweets that have since been deleted.
It’s back into the red for the majors after Monday’s rout. Failure to move through the day’s pivot levels would leave the trio under pressure throughout the day.
In this article, we will take a look at the 10 best alternative energy stocks to buy now. You can skip our comprehensive analysis of these companies, and go directly to the 5 Best Alternative Energy Stocks to Buy Now. The global alternative energy industry has steadily gained traction, with more people attempting to implement […]
Apple stock has been flat so far this year, but that could change, as Wedbush analyst Dan Ives sees a new phone announcement in late September.
These are the top 100 most valuable global brands for 2021, according to a company that analyzes brand equity
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
BIT Mining expects to deliver another two batches of machines by the start of July.