The fine folks at Reddit already think I’m a useless pile of manure so this take will be injurious to me because it might strike a little too close to home. Nevertheless, I think it’s substantially relevant for Pershing Square Tontine (NYSE:PSTH), the special purpose acquisition company that billionaire activist investor Bill Ackman sponsors. As
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters It was a busy week for Wall Street. Heavyweights like Apple, Microsoft, Facebook, Boeing and Tesla, among others, stepped up to report their earnings for the most recent quarter. However, some analysts and strategists were more focused on
Some market pros see the frenzied short squeezes in Gamestop and other stocks as signs of a bubble brewing, but the Federal Reserve doesn’t seem to and for that reason investors expect asset prices could continue to rise. Fed Chairman Jerome Powell, at his post meeting briefing Wednesday, was asked about the potential of Fed
The average investor is probably very familiar with some of the more well-known dividend growth stocks like 3M Company (NYSE:MMM), The Coca-Cola Company (NYSE:KO) and Johnson & Johnson (NYSE:JNJ). But when it comes to Dividend Kings, those stocks with at least 50 consecutive years of dividend growth, there are many names with smaller market capitalizations that
As I’ve said before, Sundial Growers (NASDAQ:SNDL) stock is a legalization lottery ticket. That is to say, shares could see outsized returns whenever the U.S. government legalizes marijuana. The prospects of that happening may look stronger now than they did a few months back. but it’s far from a lock it’ll happen in the coming
On Thursday night, Novavax (NASDAQ:NVAX) announced stunning results from its U.K. Phase 3 trials. At almost 90% effectiveness, the vaccine is now the most effective among those requiring only regular refrigeration. Source: Ascannio/Shutterstock.com Markets initially yawned at the news, sending NVAX stock up just 33% in after-hours trading. But as the reality of Novavax’s success
In this market, many tech stocks have reached dizzying valuations. Teladoc (NYSE:TDOC) is trading at 23 times its trailing sales, The Trade Desk’s (NASDAQ:TTD) comparable multiple is 52, while Shopify (NYSE:SHOP) and Nio (NYSE:NIO) weigh in at 59 and 35, respectively. For tech investors looking to avoid those dizzying heights that can lead to intense
People walk past a GameStop store in Midtown Manhattan on January 27, 2021 in New York City. Michael M. Santiago | Getty Images The astronomical rally in GameStop has imposed huge losses of nearly $20 billion for short sellers this year, but they are not budging. Short-selling hedge funds have suffered a mark-to-market loss of
Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker’s shares jumped nearly 12% premarket on news that the Food and Drug Administration has extended the review period by three months for its experimental Alzheimer’s treatment aducanumab. Biogen is providing additional data to the FDA as part of
If you’ve lost job-related health insurance in the midst of the coronavirus crisis, you need to take action quickly. A number of options have time-limited deadlines, ranging from 30 to 60 days from the loss of coverage, so it’s important to promptly secure the documents, such as proof of job and health insurance loss, that
In this video you will learn when you should sell a PUT vs BUY a CALL – there are advantages and disadvantages to both, but in certain situations, you may want to buy a call and others to sell a put. We will go on the screen and the risk analysis to show you the
Kevin Matras talks about using out-of-the-money options for long shot, or “lottery ticket”, trades.
In April of 2020, Luckin Coffee (OTCMKTS:LKNCY) admitted that its executives had been executing a fraud. Luckin stock had faded into the news amid similar allegations from short sellers. When the company confirmed the market’s worst fears, the stock dropped 75% in a single session, and then kept falling. Source: Ploy Makkason / Shutterstock.com Indeed,
Nowadays it’s not really popular to focus stocks selling at a discount — that is, the so-called value investing approach. Instead, the interest is mostly on momentum. For the most part, this approach has gotten… well… crazy! The phenomenon of Reddit investors has taken Wall Street by storm — and has even threatened the stability
If I had $1 million to invest in the stock market, I would have no issue with buying Amazon (NASDAQ: AMZN) stock as I count my theoretical fortune aboard my equally imaginary yacht cruising the Caribbean to my imaginary private island. Source: Hadrian / Shutterstock.com However, since I am not made of money, there are any
An employee works inside an Office Depot Inc. Susana Gonzalez | Bloomberg | Getty Images Company: ODP Corp. (ODP) ODP Corp. is a provider of business services, products and digital workplace technology solutions to small and medium businesses. The company has a fully integrated business-to-business distribution platform of approximately 1,300 stores and online presence. The
Small investors outsmarted the smart money, and the war between the Reddit traders and hedge funds seems to have made an indelible mark on Wall Street. Big investors or hedge funds, who hold short positions in individual stocks, saw some of these positions come under siege from a large cohort of small investors, many of
FuelCell Energy (NASDAQ:FCEL), which is a top developer of hydrogen-fuel systems, has been one of Wall Street’s darlings lately. Since late October, FCEL stock has surged from $2 to $23. Its market capitalization is now $7.4 billion. Source: Kaca Skokanova/Shutterstock Of course, the overall fuel-cell sector has been on fire. Just look at other players
Insider buying can be a bullish signal for a stock. If a stock has made a large move higher and the insiders are buying, it could signal that the rally will continue. And if the stock has recently had a large drop in price, insider buying could signal that the selloff is over. When people
NIO’s (NYSE:NIO) relentless uptrend, which accelerated in the last few months, is showing no signs of fatigue. Nio stock is benefiting from several stock sales and convertible notes offering. The cash raised is not hurting Nio stock yet. Demand for the hot stock gives the company many more opportunities to strengthen its balance sheet. Source:
The Robinhood website home screen on a smartphone. Gabby Jones | Bloomberg | Getty Images Restrictions on Robinhood traders are still tight and getting tighter throughout the day on Friday, now only allowing GameStop holders to buy a single additional share. The stock trading app has also expanded its list of restricted stocks from 13
Traders work on the floor of the New York Stock Exchange. NYSE Earnings news from Amazon and Alphabet, the important January jobs report and Washington’s discussion of stimulus could all be important to markets in the week ahead, but none of it is likely to get more attention than the short squeezes driven by retail
Visionary entrepreneur Elon Musk is the co-founder of PayPal (PYPL) and Tesla Motors (TSLA) as well as the founder of SpaceX. His astounding success has given rise to comparisons of Musk and Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. Amid an often difficult childhood, Musk developed a relentless work ethic (he is known to work
In this video, we’re going to talk about the difference between buying a call and selling a put. You’ll understand this quickly because we will go into details that will be a real eye-opener for you. You’re going to see in which scenarios you’re going to make money. Also, I’ll show you when you need
WallStreetBets and its 3.1 million followers are fighting back against short-selling hedge funds and winning.
AT&T (NYSE:T) bought DirecTv and Time Warner in the last decade, after becoming convinced that just moving bits was a bad business. Now, with 5G and the promise of the Machine Internet, bits are becoming a very good business. The question is whether T stock can make the turn. Source: Jonathan Weiss/Shutterstock AT&T opened for
Airbnb (NASDAQ: ABNB) had a successful IPO debut on Dec. 10, amid uncertainty for the global travel industry during the pandemic. It is too early for Airbnb to prove if the enthusiasm about its stock is justified. The company has not yet released its first earnings report since it went public. But focusing on logic
Those who are bearish on BlackBerry (NYSE:BB) — including the many people who are short-selling the name — continue to vastly underestimate how much money the company can make. That’s because BlackBerry’s cybersecurity business is bolstering BB stock, with more upside on the horizon from connected vehicles and more. Basically, cybersecurity threats are becoming more
Companies like Electrameccanica Vehicles (NASDAQ:SOLO) are trying to ride on Tesla’s (NASDAQ:TSLA) coattails with their electric vehicles (EVs). However, SOLO shares have cratered from their 52-week high of $13.60 per share down to single digits. Nevertheless, the stock remains highly inflated. Competition in the broader EV space is heating up. And even though Electrameccanica has a
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is preparing to begin production of the next-generation of its Starlink internet satellites, according to a company job posting, with the company having deployed more than 1,000 first-generation satellites in orbit to date. A posting on the company’s careers page, open at the time