Any investment in Ocugen (NASDAQ:OCGN) stock is based on hope. That hope involves the FDA approving the Covid-19 vaccine known as Covaxin. Source: shutterstock.com/PhotobyTawat Over the last six months or so, the company has repeatedly suggested that such an approval was imminent. On Feb. 2, Ocugen announced an agreement with the Indian drug maker
Month: September 2021
In my last article on Nvidia (NASDAQ:NVDA), I made the argument that the overall market’s direction would determine NVDA stock’s next move. Today, I hold the same view when it comes to a downturn. If correction fears prove true, shares in this fast-growing chip maker will likely move in tandem. Source: Allmy / Shutterstock.com Of
Affirm Holdings Inc. is joining the ranks of fintech companies vying for “super-app” status as the company plans a series of feature introductions that will broaden its platform beyond buy-now pay-later capabilities. Fintech companies in the U.S. are increasingly trying to follow in the footsteps of Chinese players like Alipay, combining payments with a host
CNBC Brad Gerstner, Altimeter Capital Chairman and CEO, said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. “On July 1 this year after a big run-up in United and Expedia, we distributed those returns to investors…. I still think the
Investors, particularly individual investors, buy, sell, and trade stocks with a certain sense of security. If a corporation deceives its investors, there is an avenue through which to seek recompense. It wasn’t always the case that you could pursue some justice. Most of investing history is fraught with deceit, folly, and enough “irrational exuberance” to
In this article LCID MU SHW Micron Technology headquarters in Biose, Idaho, March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Check out the companies making headlines after the bell Tuesday: Sherwin-Williams — The paint company saw its stock fall 3% in extended trading after the company lowered its third-quarter sales guidance. “The persistent
The stock market can be quite a difficult place to navigate these days. Indeed, U.S. stocks are not at all cheap at the moment. The ratio of stock market capitalization to GDP (Gross Domestic Product) shows that stocks in the U.S. are the most overvalued in history. That includes the dot-com bubble, by the way.
Just one month ago, sentiment surrounding mobile e-commerce company ContextLogic (NASDAQ:WISH) was positive. Seven analysts considered WISH stock a “buy” and four others rated the stock a “hold.” But these days, sentiment has darkened considerably. Currently, only three analysts have a “buy” rating on WISH stock, with six saying it’s a “hold” and two more
MoneyWire has always been about hypergrowth investing — focusing on the megatrends, leading companies, and cryptocurrency projects that are changing the world, disrupting gigantic industries, and taking us to a future that used to be only the stuff of science fiction. It is now real, and it is the best way to build generational wealth
By the end of 2022, Hyundai HYMTF, -1.74% expects to offer seven vehicles in a lineup it calls “everyday sports cars.” The Korean automaker is building its N brand — a subbrand that offers high-performance editions of its ordinary cars. Arguably the most important of the bunch is the 2022 Hyundai Elantra N—a track-tuned version of
Traders on the floor of the New York Stock Exchange, with Blend signage, July 16, 2021. Source: NYSE Strategists see more selling ahead after stocks sold off Tuesday, led downward by tech and large cap growth names. A sharp jump in interest rates over the last several sessions stung the market, particularly the growth names.
72 The latest reading of the New York City Recovery Index out of a possible score of 100. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score of 71 to 72 after falling by as much as six points the week before. A partial
In this article CRM TWTR HUN AMAT Internet company Microsoft’s China office building is seen in Shanghai, China, Dec. 8, 2020. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. Tech stocks — Tech stocks dropped as the benchmark 10-year Treasury yield touched a high of 1.567% Tuesday.
Biotech stocks are infamously one of the most volatile sectors in the stock market. Investors often venture into speculative companies with no proven pipelines. Emerging firms with a pipeline of drugs and products still in the clinical phase post little to no revenue. They raise cash by tapping capital markets to pay for research and
I usually avoid the word “bet” when providing financial analysis. That’s because rigorous financial analysis is the opposite of a bet. Rather, it’s a decision supported by solid arguments and facts, all of which form either a bullish or a bearish thesis. But when it comes to sports-betting company DraftKings (NASDAQ:DKNG), I guess I’ll allow
As you may be aware, some business combinations with special purpose acquisition companies (SPACs) have not gone well. But one exception — at least so far — is eFFECTOR Therapeutics (NASDAQ:EFTR) and EFTR stock. Source: Shutterstock This clinical-stage biotechnology firm focuses on selective translation regulation inhibitors (STRIs) in cancer. EFTR stock is currently up some
Some 90 million Americans have low health literacy. They struggle with whether they can have a couple of beers while on medication, for example, and sometimes reach the wrong conclusion. You may not be one of them, but what if your father is? Or your grandmother? Or the lady who watches over your two-year old?
In this article OMEG Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images SPACs are getting a much-needed reality check after investors and regulators grow wary of the Wall Street craze, and the majority of deals could
Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021. Brendan McDermid | Reuters This is a very tricky moment for the markets. The market is in the middle of another rise in interest rates, which is causing traders and investors to move a lot of stocks around. Political dysfunction
Which home improvement stocks will benefit from a busy summer?
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