What do you get when you mix a small-cap stock, Reddit and a sprinkle of hot non-fungible token (NFT) news? An explosion in Vinco Ventures’ (NASDAQ:BBIG) stock price. BBIG stock rallied 420% in August in about 10 days. This happens often in post-pandemic Wall Street. Retail investors have gone hog wild with excitement and in
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Boeing’s Starliner capsule sits on to an Atlas V rocket on the launchpad before the launch of the OFT-2 mission. United Launch Alliance NASA moved a pair of astronauts off Boeing’s first two crewed missions to a SpaceX mission next year, in a rare reassignment as the aerospace giant’s Starliner capsule remains delayed in development.
In this article AAL GM X The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Dow Inc. — Shares of the chemicals company dropped more than 4% to lead the blue-chip Dow
It has been six months since the Archegos Capital blow-up sank ViacomCBS (NASDAQ:VIAC) stock like a stone. However, the media conglomerate’s results show the business is anything but on the ropes. Still, investors continue to price VIAC stock like it is. Why? The perception that its streaming efforts are “too little, too late.” Source: Jer123
SmileDirectClub (NASDAQ:SDC) is all about straightening teeth using a telehealth approach by selling its teeth aligners directly online. But after looking at the company’s lousy Q2 earnings release, there wasn’t much to smile about. In effect, SDC stock will likely tread water until SmileDirectClub becomes profitable. Source: Thamyris Salgueiro / Shutterstock.com This is nothing new
Greenidge Generation Holdings Inc. (NASDAQ:GREE) recently went public via a reverse merger on Sept. 15. Ever since then, GREE stock has lost more than 50% of its price. It currently trades around $25. Source: Shutterstock The reverse merger gave shareholders 115 shares of GREE stock for every 1,000 shares of Support.com stock they held. On
Though mortgage rates have pulled back somewhat from the sharp gains triggered by the Fed’s mid-September meeting, fixed-rate averages are inching back up. The 30-year rate average is now back to within six points of the three-month high set a week ago. Today’s National Mortgage Rate Averages Mortgage rates climbed modestly Tuesday, wth the major
David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit. Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking
Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled
Square (NYSE:SQ) still looks undervalued, although not as much as it was when I wrote about in July. One reason might be that the company’s all-stock acquisition deal for Afterpay Limited (OTCMKTS:AFTPY) could dilute earnings. As a result, my estimate is that SQ stock is still undervalued, but not as much as before. Source: IgorGolovniov
IronNet (NYSE:IRNT) stock has dropped dramatically since its merger with LGL Systems Acquisition Corp closed. . However, the drop did not occur because investors disliked the deal between the companies. Source: Shutterstock In fact, IRNT stock steadily climbed in the days following the Aug. 27 merger. And then, somewhat strangely, the stock actually fell a
Buzz around The Metals Company (NASDAQ:TMC) stock will remain high in the coming weeks and months. TMC stock has been volatile since its Sept. 10 SPAC (Special Purpose Acquisition Company) merger with Sustainable Opportunities Acquisition. Source: Manu Galdamez/ShutterStock.com The merger didn’t go exactly as planned, which has undoubtedly injected increased volatility into share prices. For
In this article SWX Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Tuesday announced a sizeable stake in Southwest Gas, and the activist investor is pushing the Las Vegas-based utility company to drop its rumored acquisition of natural gas company Questar Pipeline.
In this article SWX NKE NFLX Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. Facebook, Amazon, Apple – Shares of major technology companies led Tuesday’s market rebound. Facebook shares rose
They call it FUD: fear, uncertainty and doubt. Based in China, ride-hailing giant Didi Global (NYSE:DIDI) has its fair share of problems, I’ll admit. But there’s also plenty of FUD surrounding DIDI stock. Source: Piotr Swat / Shutterstock.com For example, reports recently circulated claiming that China’s Beijing city government advised state-owned companies to invest in the
One of the most important traits for any investor, business executive or marketer is the ability to identify their target audiences and see things from the latter’s point of view. I believe those who are bullish on Ocugen (NASDAQ:OCGN) stock are failing to do that. OCGN stock has made headlines thanks to the company’s Covid-19
A very popular term in business is disruption, or causing a radical change through innovation. Hippo Holdings (NYSE:HIPO) is a digital homeowners insurance provider that went public in August. Potential HIPO stock investors wonder if this insurance provider will disrupt the insurance market. Source: TDKvisuals / Shutterstock.com It seems to me that HIPO stock lacks
The 2010s bull market was the first one to ever celebrate its 10-year anniversary, and while the COVID-19 pandemic caused its fair share of challenges, the market quickly roared back to all-time highs. It’s impossible to know how long the S&P 500 will continue to march higher, but for investors who are nearing retirement, it
On today’s show, Preston and Stig talk about the current market conditions and how they are positioning their portfolio. In the second half of the show, they talk about previous mastermind picks and how they have performed when compared to the S&P500. IN THIS EPISODE, YOU’LL LEARN: – How Preston and Stig’s previous stock picks
I’ve got a question for you. How many shares are you trading currently on per trade basis? How do you decide that? Well, there’s a lot of people out there that wonder exactly this “How many shares should they trade” Should I trade 2 percent of my account size? Or just always trade 100 shares
William Shatner Anjali Sundaram | CNBC Science fiction will soon become reality, as William Shatner is scheduled to launch on the next crewed spaceflight of Jeff Bezos’ Blue Origin. Blue Origin plans to fly the Canadian actor, who famously played Captain Kirk in the original Star Trek television series, as one of the passengers on
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla shares rose 3% in the premarket after the company announced it delivered 241,300 vehicles during the third quarter, its most ever for a quarter and a 73% increase over the same quarter a year ago. Moderna (MRNA), Novavax (NVAX)
ViacomCBS (NASDAQ:VIAC) has been a costly disappointment for some investors in 2021. Enthusiasm over the company’s newly-announced streaming plans paired with Reddit-fueled retail investors drove VIAC stock past $100 three weeks into March. That was a 174% gain in under four months. Source: Jer123 / Shutterstock.com A catastrophic crash then saw shares lose half their
Tesla (NASDAQ:TSLA) is still not the world’s most valuable carmaker. Toyota Motor (NYSE:TM) is, for now. Its resistance to the EV revolution makes TM stock a problem in the long term. Source: josefkubes / Shutterstock.com With a market cap of $1.28 trillion, on what should be sales of $270 billion in 2021, Toyota dwarfs every competitor. Toyota
Recently, Novavax (NASDAQ:NVAX) fell fast. Closing at $207.31 per share on Sept. 30, the vaccine play opened at around $190 on Oct. 1. After that, NVAX stock quickly went into free fall, dropping as low as $154 per share. Source: Ascannio/Shutterstock.com The reason? Breaking news of Merck’s (NYSE:MRK) antiviral Covid-19 pill. Interim results suggest it
Engine No. 1, the firm that rose to prominence after waging a successful campaign against Exxon, on Monday announced an investment in General Motors. This time, the upstart activist’s stake signals support for the automaker as it transitions to electric vehicles. Engine No. 1 pointed to the similarities between Exxon and GM, noting that each
In this article FB DD UNP F Facebook’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Facebook — Facebook shares fell 5.5% after a company whistleblower unveiled her identify and accused the social media giant of a “betrayal of democracy.” The
Lucid Group (NASDAQ:LCID) should get a good boost in the fourth quarter, now that it has announced it’s producing and delivering electric vehicles (EVs). In other words, the factory is built, the line is ramped and Lucid Air EVs are coming out of Casa Grande, Arizona on schedule so far. This should act as a boon
A bit of positive news included in Carnival’s (NYSE:CCL) second-quarter results lifted CCL stock in late September. But even as the world appears on track to get “back to normal,” you may not want to buy Carnival’s shares at its present levels. There’s a good chance that the cruise line operator’s results will fully bounce
Bed, Bath & Beyond (NASDAQ:BBBY) shares dropped dramatically after a disappointing earnings report. The retailer lost $73 million, or 92 cents per share. Sales fell 26% to $1.98 billion for the three months ending in August. The company blamed supply chain issues and inflation. Investors blamed management. BBBY stock plunged 22% in a day. Source: Jonathan