Reddit co-founder Alexis Ohanian told CNBC on Thursday that the meme stock frenzy — which traces its roots to the online forum website he helped create — is what happens when momentum investing is amplified by technology. “Really, the existence of people getting whipped up and excited about a stock has happened, you know, it’s
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U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters Stocks could trade sideways as investors await the outcome
Online pet destination Chewy (NYSE:CHWY) smashed first-quarter numbers by a wide margin, but CHWY stock still fell. Source: designs by Jack / Shutterstock.com This is fine. Chewy’s guided Q2 and full-year revenues fell relatively in line, which means Q2 through Q4 numbers are expected to come in below expectations. The expectations already priced in a
Choosing the right business structure for your enterprise is a crucial decision. It has long-lasting ramifications, as it sets the path for the future in terms of operations, management, legal, and tax issues. Proper research should be done before you take your pick. There are several organizational forms that business can choose from, including sole
The meme stock phenomenon has made a comeback, and it’s taken pot plays like Tilray (NASDAQ:TLRY) along for the ride. Up around 30% in the past month, could TLRY stock see renewed interest from retail investors on Reddit’s r/WallStreetBets forum? Source: Shutterstock That may be wishful thinking. The meme stock resurgence, which has mostly powered
Naked Brand (NASDAQ:NAKD) released its latest prospectus on May 18 showing that the company now has roughly 813.8 million shares outstanding. This allows us to calculate its actual market value. Currently, NAKD has a market cap of $626 million at yesterday’s price of 77 cents for NAKD stock. As a result, the stock looks to be
In this article TSLA AMZN CNBC’s Jim Cramer on Friday suggested the U.S. impose a surtax on billionaires following this week’s ProPublica report on how some of the richest people on the planet are avoiding taxes. In recent years, billionaires including Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and businessman Michael Bloomberg, investors Carl
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Is the great value rotation over? The S&P 500 is at a historic high, but investors who earlier this year overweighted their portfolios into reopening stocks like Caterpillar and banks, and away from tech and other growth stocks, appear to be
In this article PLAY ZM SNOW VRTX Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Snowflake – Shares of the cloud computing company dropped nearly 4%. The firm presented its financial targets
Snowflake (NYSE:SNOW) stock is dropping following their Investor Day event in which management unveiled very conservative long-term financial targets. What’s the problem with this? Well, SNOW shares are priced aggressively, not conservatively. Source: Sundry Photography / Shutterstock.com But honestly, this dip has a silver lining that most people aren’t seeing — you can get SNOW
Tech stocks were among the big winners in 2020, a year to remember for the historic U.S. stock market crash in March. And the fast comeback of equities that took place ever since and resulted in a year of great volatility for investing in stocks. Moreover, Reportlinker.com recently published a report titled “Global Enterprise Software
There are multiple reasons to be bearish on Canoo (NASDAQ:GOEV) stock. And there are a lot of reasons to believe Canoo will lag behind the broader electric vehicle market for the foreseeable future as well. I’ll get into those too. Source: Shutterstock But one of the most current and powerful forces that will keep GOEV
Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s are entering the mix. A small 401(k) provider called ForUsAll is now allowing participants to allocate up to 5% of their retirement funds into cryptocurrency. The offering includes 50 different crypto assets including bitcoin, which
In this article CHWY VRTX PLAY A dog hi-fives it’s owner in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Getty Images Check out the companies making headlines after the bell: Chewy — Shares of Chewy
Oatly (NASDAQ:OTLY) zoomed from $17 per share to over $26 per share after its debut on the NASDAQ exchange. But can OTLY stock continue to climb? Say what you will about the company’s oat milk product, but its nutritional value is debatable. Yet there’s no question that this Sweden-based company is cashing in on the
The average Social Security retirement benefit is $1,430 per month (as of May 2021), according to the Social Security Administration. In the U.S., that might not go much further than paying the bills, if that. Instead of setting your sights on Florida or the Carolinas—where the cost of living is high—consider one of these six sunny
These are the most interesting times on Wall Street. We’ve never had this set of circumstances, so no one can claim to be an expert. In addition, the indices are at all-time highs, so it’s hard to find cheap stocks to buy. This is a near perfect Goldilocks situation because of all the stimulus. There
Biogen (NASDAQ:BIIB) stock ripped higher this week on approval of its Alzheimer’s drug, Aduhelm. Source: PictureDesignSwiss / Shutterstock.com Analysts seemed taken with Biogen’s proposed pricing, $56,000 per year. It’s based on the cost of Alzheimer’s in lost life and nursing care. A scientific panel refused to endorse the drug last year. The panel voted 8-1
Stanley Druckenmiller Anjali Sundaram Billionaire hedge fund pioneer Stanley Druckenmiller believes the Federal Reserve’s continued easy money measures have distorted asset prices and lulled investors into a false sense of security. “The market is not speaking right now,” Druckenmiller told CNBC’s Joe Kernen in an email Thursday, shortly after stock futures shot up despite stronger-then-expected
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Fed to tighten policy for
Most investors who want exposure to the financial sector focus on well-known mega-cap stocks such as JP Morgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC). However, some smaller financial services companies have much longer dividend growth streaks. In fact, the only three financial services companies in the group of dividend kings, which have raised their dividends
Step aside GameStop (NYSE:GME), AMC Entertainment (NYSE:AMC) is clearly leading the charge this time around. The so-called “meme stock” rally is back and these names are surging higher once again. However, will GME stock start to participate? Source: quietbits / Shutterstock.com Let’s not make any mistakes. GameStop stock has still done pretty well, up 63%
Consumers are demanding more clean energy, and investors are paying close attention to the global transition to renewable resources. The environmental, social and corporate governance (ESG) sectors are growing in response. As the oil industry faces criticism for environmental concerns, investors who are looking for energy stocks should consider buying these seven ESG stocks in
The CEO of AMC (NYSE:AMC) recently argued that the company was helping its current shareholders by selling more shares of AMC stock. Source: Helen89 / Shutterstock.com “If I was a shareholder, I’d be more concerned that we don’t have shares available to us because I think shares are a very powerful tool to do good
Pot stocks have seen incredible strength over the past month, and Tilray (NASDAQ:TLRY) has been at the forefront of this cannabis rebound. TLRY stock has maybe seen a slight surge due to social momentum, but unlike other stocks caught up in meme stock trading, this company’s foundation is solid. Source: Shutterstock ETFMG Alternative Harvest ETF
In this article CLOV CLNE VIRT The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 years. Economists expect both core
A contested divorce must rank as one of the modern world’s most grueling experiences, but in the U.S., nine states have tried to ease the trauma by passing community property laws. In these so-called community property states, couples are required to split equally all assets acquired during their marriage. Period. The aim is to ease
Apex Technology Acquisition Corp (NASDAQ:APXT), a SPAC (special purpose acquisition company) still hasn’t closed its merger with AvePoint. I wrote about this on March 24 and developed a model to value AvePoint. My price target for APXT stock was $15.34 (the new symbol will be AVPT). I still have this target price and in fact, have
Here’s a little-known stat. American summer camps import approximately 25,000 counselors each summer through the J-1 visa cultural exchange program. Like many industries, camps are facing labor shortages this summer. If I were aware of a publicly traded camp company, it would be on my list of stocks to avoid. Other industries expected to have