Wall Street’s most hated stock GameStop surged again on Friday as the massive short squeeze continued to fuel its explosive rally. The video game stock soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains to over 100% this week alone. Trading in the stock was briefly halted due to
Traders work on the floor of the NYSE. NYSE Stimulus euphoria may be waning, but investors will have plenty to focus on in the week ahead, as a blast of earnings news hits, the Federal Reserve meets and new data will show the state of the economy at the end of the year. Stocks gained
When interest rates are low, there’s usually a big rush to refinance mortgages. But some homeowners hold back on scoring a lower interest rate because of the cost of refinancing. Realizing the savings from refinancing generally means staying in a home long enough to recoup the money spent on closing costs. But there’s a silver
QuantumScape (NYSE:QS) stock doesn’t rise and fall. It gyrates as if it were dancing in a darkly lit nightclub after having a few too many cocktails. Source: Tada Images / Shutterstock.com While the world suffered through 2020, QuantumScape stock went on a tear in the fourth quarter, gaining more than 600%. Then QuantumScape gave back
Investing in airlines is a dicey proposition due to the challenging macro-environment. And because of this, some of the more notable airline names on Wall Street like Southwest Airlines (NYSE:LUV) stock have taken a beating. Source: Eliyahu Yosef Parypa / Shutterstock.com That said, International Air Transport Association (IATA) forecasts a massive loss of $38.7 billion
Tattooed Chef (NASDAQ:TTCF), the plant-based frozen food company, looks to be fully valued, despite huge expectations of growth in sales over the next several years. This is despite a scathing short-seller report that came out on Nov. 19 that has had little to no effect on TTCF stock. Source: Shutterstock When Kerrisdale Capital came out
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees a bonus for their work during the coronavirus pandemic. Staffers in the U.S. who earn $100,000 or less
Traders work on the floor of the NYSE. NYSE Stock trading volumes are through the roof. It’s not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well. “For trading volumes, the new year starts at a consistent, unprecedented strong & record pace,” according to
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped
The change of year and Administration hasn’t popped the electric vehicle bubble. Nio (NYSE:NIO) stock’s 21% gain since the start of 2021 is proof. Source: Andy Feng / Shutterstock.com The Chinese government-backed alternative to Tesla (NASDAQ:TSLA) sports a market capitalization of about $90 billion on estimated revenue of under $2.5 billion. With the near 22% year-to-date
Investing under normal conditions carries risk — that’s why there is a reward. But these days, that concept stretches to the extreme from all kinds of weird angles. I’ve been trading for decades, and this is by far is the most interesting market I’ve ever seen — and by interesting I really mean completely without
We all can’t wait for the day when life gets “back to normal” and the COVID-19 pandemic behind us. Source: Shutterstock But back to normal won’t mean “back to the way it was before.” One of the biggest lessons we’ve learned over the past year is that access to fast, reliable internet service isn’t just
Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk Box Asia” on Thursday. In recent months,
Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: IBM — Shares of IBM fell more than 6% in the extended session after the company reported fourth-quarter sales below where analysts were expecting. Revenue fell 6% on an annualized basis, the
Obtaining a widely recognized accounting certification can help you land a job, increase your marketability, and lend professional credibility to you and your firm in a competitive marketplace. Human resource managers and prospective clients see the time, money and effort needed to acquire a certification as a testament of an individual’s desire succeed. A universally
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Recently, two prominent Wall Street firms soured on Palantir Technologies (NYSE:PLTR). What’s more, there is an additional red flag that’s come up in my analysis aof the company. As such, I continue to recommend that longer-term investors sell their shares of PLTR stock. Source: rblfmr / Shutterstock.com Over the last month, Citi and Credit Suisse
After the meteoric jump of Lemonade (NYSE:LMND) stock in December and earlier this month, many bears are piling on the name, declaring that the shares are overvalued and overbought. Source: Stephanie L Sanchez / Shutterstock.com I, however, continue to remain upbeat about the company’s outlook, as the positive points about Lemonade that I discussed in
I’ll hand it to investors in Sundial Growers (NASDAQ:SNDL). Based on what looks like nothing more than the hope that the United States may legalize marijuana, SNDL stock has surged 273% since Election Day. But the company still looks tremendously flawed, and I believe it may even wind up being a takeover target. Source: Yarygin
Billionaire global investor Barry Sternlicht said Thursday he’s concerned about the long-term viability of current conditions in the stock market, warning that some aspects feel reminiscent of the dot-com bubble back in the 1990s. “I don’t think we’re having a problem in the stock market near term,” Sternlicht said on “Squawk Box.” “The stimulus is
Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange With the inauguration — and the risk of disruption — now over, what’s next for markets? The S&P 500 has risen 15% since the election to historic highs on a series of macroeconomic hopes that have driven sentiment, technical levels, and
Take a look at some of the biggest movers in the premarket: Travelers (TRV) – The insurance company reported quarterly earnings of $4.91 per share, well above the consensus estimate of $3.18 a share. Revenue matched Street forecasts. Travelers benefited from lower catastrophe claims, a record 8.4% jump in renewal premiums, and strong underwriting results.
If the inauguration of Joe Biden means Infrastructure Week is finally here, then take a look at American Water Works (NYSE:AWK). AWK stock could have an interesting four years ahead of it. Source: Shutterstock American Water Works is the most valuable company in Camden, N.J. It has twice the market cap of better-known Campbell Soup
Palantir Technologies (NASDAQ:PLTR) stock is quirky. So is the Denver-based software company. Source: Sundry Photography / Shutterstock.com Investors who march to the beat of their drummer, the type of people who create their fashion trends much to the horror of their friends and family, might be tempted to buy PLTR stock to prove the naysayers wrong.
Shares of Disney (NYSE:DIS) stock have grown by an impressive 45% in the past six months. It also ended the year on a high with a 25% increase in its shares for 2020. Source: ilikeyellow / Shutterstock.com However, what’s surprising is that the company is coming off one of its most challenging years in recent
The annual Consumer Electronics Show (CES) is usually held in Las Vegas. This year, the tech industry’s premier event went virtual. Perhaps the most important keynote of CES 2021 was given by Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su. She gave notice that AMD is not finished with the astonishing run that has seen AMD
Federal Reserve Board Chairman Jerome Powell testifies during a Senate’s Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC, U.S., September 24, 2020. Drew Angerer | Reuters There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates. Nor will its officials be
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Check out the companies making headlines after the bell: United Airlines — Shares of the airline dipped more than 2% in extended trading on Wednesday after missing on the top and bottom lines of
Insurance agents and financial advisors have been investing their clients’ retirement money in annuities for decades. That practice has its detractors, with the criticism usually focusing on the high commissions paid to annuity salespeople and stiff fees charged to annuity owners year after year. Here’s a rundown of the pros and cons of annuities, compared