WRTV Political Insiders: January 21, 2022
WRTV's Ray Steele recaps this week in Indiana politics with Abdul-Hakim Shabazz, Brian Gaddie and Adam Wren.
Nio (NYSE: NIO) stock soared this morning and was trading up a solid 9% at 10:20 a.m. ET. Nio's latest expansion plans are reassuring investors about the company's growth potential even as they realize Nio's stock price may not be hit too hard if the company makes a bold move similar to the one a Chinese stock made today. Aside from its domestic market, China, the only other market Nio has entered so far is Norway, where it first launched its SUV, ES8, in September and opened a Nio House in October last year.
With GameStop's share gains yesterday and so far today, it could certainly generate a squeeze as short-sellers rush to cover their positions. It's why it's not wise to short a stock like the video game retailer or fellow meme stock AMC Entertainment since, as economist John Maynard Keynes once noted, the market can be irrational longer than you can remain solvent. The stock has rallied sharply higher, giving hope to belief the MOASS finally arrived, only to quickly give up all the gains and more.
Yahoo Finance Live's Seana Smith looks at Costco shares ahead of the retailer's earnings report coming out tomorrow.
Shares of cloud computing company Nutanix (NASDAQ: NTNX) fell sharply this morning after that the company reported a third-quarter loss that was far worse than expected and issued revenue guidance that was below Wall Street's average estimate. Nutanix's third-quarter sales increased 17% from the year-ago quarter to $403.7 million and beat analysts' consensus estimate of $397.9 million. Nutanix's diluted loss per share of $0.50 in the quarter was an improvement from a loss of $0.60 in the year-ago quarter, but it was far worse than the loss of $0.22 that Wall Street was expecting.
Yahoo Finance Live’s Emily McCormick breaks down the stock rise for Broadcom and VMware after an acquisition deal was announced.
Yahoo Finance Live anchors discuss quarterly earnings for Alibaba.
Shares of AMC Entertainment (NYSE: AMC) are rising 5% higher as of 11:05 a.m. ET on Thursday on no company-specific news, but rather in sympathy with fellow meme stock GameStop (NYSE: GME), which has been putting on a clinic of double-digit gains over several days. GameStop has been the most talked-about stock on the WallStreetBets subreddit, so that AMC is riding its coattails is not a surprise. What keeps meme stock traders animated is the hope that a massive short squeeze will send shares soaring.
Yahoo Finance Live anchors discuss the stock rebound for chipmaker Nvidia.
The company's photos have been all over the news. Now the U.S. awarded it a major, long-term contract.
Wednesday was yet another strong day for oil and gas stocks, but shares of natural gas companies stood out, with many soaring by double-digit percentages. Range Resources is a Texas-based natural gas exploration and production company with major operations in the Marcellus shale in Pennsylvania. The company also produces natural gas liquids and crude oil, but almost 70% of its production is natural gas.
Shares of the Chinese e-commerce company Alibaba Group Holding (NYSE: BABA) spiked this morning after the company reported fourth-quarter results that beat analysts' consensus top- and bottom-line estimates. Alibaba reported non-GAAP (adjusted) earnings per American depository share (ADS) of $1.25 in the quarter, which was a 23% drop from the year-ago quarter but far above Wall Street's consensus estimate of $1.10 for the quarter. Additionally, Alibaba's revenue increased 9% in the quarter to $32.1 billion, which was better than the average analyst estimate of $29.9 billion.
Investors can't seem to get behind U.S. telecom giant AT&T (NYSE: T). The stock price is down almost 16% from a decade ago, enough price action for most to declare the stock "dead." The company was purely focused on telecom, then became a media conglomerate.
When the markets take a dive, your retirement savings could drop with them. Here is a four-step plan to beat the bear.
2022 hasn't been a vintage year so farfor industrial giant General Electric (NYSE: GE). If GE Healthcare misses its earnings expectations, then the spinoff might not get the price that management hopes, and the 19.9% stake retained by GE will not be worth as much as many expect.
‘As more millennials reach age 40, their household formation rate will accelerate due to higher marriage rates and more stable incomes.’
Shares of the video game retailer GameStop (NYSE: GME) had popped nearly 26% as of 1:37 p.m. ET today as excitement over a potential short squeeze rose on social media. GameStop is the pioneer of the meme-stock movement that took 2021 by storm, so the stock is heavily susceptible to big random moves up and down. Today, it looks like interest in the stock on social media is building, as short interest has risen to the highest it's been in more than a year, according to analytics company Ortex.
Twitter did not provide any details about the proposed takeover offer from billionaire Elon Musk at its annual shareholder meeting.
DEEP DIVE The stock market, shocked by the Federal Reserve’s policy changes to fight inflation, has been gored this year, with growth and technology companies bearing the brunt of the biggest declines.
Yahoo Finance Live anchors discuss the Twitter stock surge as Elon Musk renegotiates his takeover bid.
Breaking down a classic Bob Farrell maxim that warned of weakness ahead.