The madness surrounding r/WallStreetBets and GameStop (NYSE:GME) has quieted this week. And not a moment too soon. Source: Shutterstock But even though the story is not getting as many national headlines, there is a good investing lesson to learn from last week’s craziness. On today’s new episode of MoneyLine, I’ll share my thoughts on the
SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the
Peak GameStop? GameStop’s volume and volatility has been much lower this week than in the prior six days. This is also true of other heavily shorted names like Bed Bath and Beyond, Express and AMC. What’s going on? Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group, ticked off the signs that the endgame
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images Check out the companies making headlines in midday trading. GameStop —Shares of the video game retailer swooned more than 50% in midday trading
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike Inc., and KB Home. DuPont DD, +2.95% : The chemical company late Thursday cut its second-quarter and full year profit outlook due to worse-than-expected performance of its agriculture unit. Shares fell 1.9% in extended
Affirm Holdings (NASDAQ:AFRM) went public on Jan. 15 and raised over $1.3 billion before expenses. One look at its prospectus and you will not be impressed especially since AFRM stock at a huge premium over its IPO price. Source: Shutterstock Affirm is a millennial-focused lender in the pay-over-time or pay-later lending space. Affirm signs up
In the last year, pharmaceutical stocks, in general, have taken a back seat to coronavirus vaccine makers. Seemingly, unless it was tackling Covid-19, a drug maker was viewed by stock market traders as dull. When the market prices future earnings, they bid up shares of BioNTech (NASDAQ:BNTX) and Moderna (NASDAQ:MRNA). Those stocks rose by two-fold and
In November, Naked (NASDAQ:NAKD) stock was just another failed penny stock — a brick-and-mortar lingerie and underwear company destined for the scrapheap of bankrupt companies. But then the improbable happened: in less than two short months, a fairy godmother in the form of Reddit users drove the microcap stock from $0.07 to $1.65, breathing a
Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy overheating, though he does think growth could happen faster than many expect. In an estimate well ahead of most of his colleagues, Bostic, a voting member of the policymaking Federal Open Market Committee, recently drew attention for saying that
Jakub Porzycki | NurPhoto | Getty Images GameStop stock has defied gravity in the past and it could again, but there are some signs its stock may be topping out, some strategists say. GameStop was down sharply Monday, off more than 30% at $225. It has been the poster child of a group of stocks
Online brokers and robo-advisors let you open a variety of accounts, but for people taking advantage of the tax benefits of an Individual Retirement Account (IRA), a few other features come in handy. The best IRA accounts are either traditional stock brokers or robo-advisors that have excellent retirement planning tools and reporting. We looked for
If you can’t look at the screens but you’re trying to get a good order price, certain stock, or equity, this is something to consider. Let’s say McDonald’s is trading at $75, fictitiously speaking, and you’re looking to purchase it for $55 and you want to get it at a good rate. You’re willing to
Airbnb is preparing to release its highly anticipated shares to the public markets before the year is up. The enterprise stumbled through the COVID-crisis, but it is preparing to soar in the new normal.
I know what it’s like to be aligned with the latest phenomenon in the market: r/WallStreetBets, the subreddit on social media platform Reddit that has driven failing video game retailer GameStop (NYSE:GME) to the moon. But when it comes to WSB’s latest target Naked Brand (NASDAQ:NAKD), I’ve got to reassess whether I’m an advocate of
This weekend, as the #silversqueeze hashtag made its way across the internet, silver prices forebodingly edged past the $30 mark – the highest it’s been since the beginning of 2013. With a physical metal shortage on the horizon, Redditors and Wall Street pros alike are starting to ask themselves: can another $SLV short squeeze happen?
The EV Revolution arrived on Wall Street with a bang in 2020. All EV stocks — from the Tesla (NASDAQ:TSLA) mothership down — soared. One of the biggest winners was solid-state EV battery maker QuantumScape (NYSE:QS). QS stock, once a $10 stock in late 2020, soared as high as $130 just before Christmas 2020. Source:
Electric vehicle (EV) companies are succeeding by turning existing transportation models upside down. Moreover, the public is finally buying into the EV vision in a big way. As a result, EV stocks had a banner year in 2020. For instance, Canoo (NASDAQ:GOEV) closed it out with a massive surge in price. However, that was followed
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images This is a developing story. Check back for updates. Robinhood started easing trading restrictions on Monday, raising its trading limit on GameStop to four shares from a single share. The brokerage also raised the limits on AMC
Take a look at some of the biggest movers in the premarket: Otis Worldwide (OTIS) – The world’s biggest producer of escalators and elevators reported quarterly earnings of 66 cents per share, 7 cents a share above estimates. Revenue came in above estimates as well and Otis issued a better-than-expected earnings forecast for 2021. Otis
I have never, ever believed in lying to readers. So how, then, can I refer to Nikola Corp. (NASDAQ:NKLA) as an electric-vehicle maker when it is in reality a wannabe EV maker? Or that NKLA stock represents at this point a bet on a thus-far-failed company that deceived investors and saw its founder leave in
Lidar stocks are hot. The question might be whether they’re too hot. Since early November, all sorts of auto-tech plays have soared. Many of the big winners have been on the electric vehicle side of the business, but plays on autonomous vehicles have done well too. Given that lidar (which stands for Light Detection and
By now we know that Switchback Energy (NYSE:SBE) will complete its reverse merger with ChargePoint in mid-February. At that point, investors will be investing under the ticker symbol CHPT. SBE stock is showing plenty of volatility in advance of finalizing the merger. Since the new year began, the stock has climbed by 20% and lost
Kevin O’Leary on Friday defended the right of retail investors to continue trading shares of GameStop, AMC Entertainment and other stocks that have been hyped online. In an interview on CNBC’s “Squawk Box,” the O’Shares ETFs co-founder said investors should be allowed to speculate freely — regardless of whether they end up losing their own
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines after the bell: Facebook — Shares of the social media giant was down more than 4% in after hours trading on Wednesday following its quarterly results. Earnings came in at $3.88 per share,
Robinhood, the mobile-only online brokerage that disrupted the financial technology industry by charging commission-free trades, was launched in December 2014 with a waitlist of more than 500,000. Company founders Vladimir Tenev and Baiju Bhatt, Stanford physics graduates, believed that Robinhood would motivate a new generation of would-be investors with their mobile platform. Robinhood’s mission was
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The stock market had a big sell-offs last week. The S&P 500 dropped more than 3% for the week, and the Nasdaq composite fell more than 4%. Leading momentum names, such as Nio (NYSE:NIO) stock, gave back significant ground. In particular, Nio, for what it’s worth, declined more than 5% for the week. Source: Andy
Advanced Micro Devices (NASDAQ:AMD), one of the largest makers of computer and graphics chips, released robust fourth-quarter results on Jan. 26, beating on top and bottom lines. But following the announcement, investors decided to hit the “sell” button in AMD stock. Source: Fabio Alcini / Shutterstock.com Despite the rapid drop in AMD shares in recent