CNBC’s Jim Cramer on Wednesday condemned the 2021 rush of speculative SPACs for playing a part in the stock market’s recent weakness. On “Squawk Box,” Cramer issued a challenge to any SPAC-enthusiast who might want to face-off with him. “There’s no more ‘Jimmy Chill’ when it comes to SPACs,” he said. “You come on our
Month: January 2022
I have been a big Nvidia (NASDAQ:NVDA) bull for a long time now. All you have to do is look at a chart of NVDA stock over the past five years to see why. The company continues to dominate competitors and there is seemingly nothing to slow it down. Source: rafapress / Shutterstock.com When NVDA
To say DiDi Global (NYSE:DIDI) stock’s investors are in a spot of bother is probably a major understatement. The Chinese ride-hailing giant had just been listed on the NYSE a few months ago at $14 per share. However, DIDI stock is now trading in the penny stock territory at $4.34 and is likely to delist
In this article NAVI FFIV MSFT Microsoft CEO Satya Nadella speaks at Microsoft Developer Day in Singapore on May 27, 2016. Charles Pertwee | Bloomberg | Getty Images Check out the companies making headlines after the bell Tuesday: Texas Instruments — Shares of the semiconductor company popped more than 4% on the back of a
Exchange-traded funds, or ETFs, provide an alternative means of access for investors seeking potential profits within the aluminum market. Physical aluminum is not available as an investment asset in the same way as metals such as gold, silver, and platinum. Aluminum futures are traded; however, many investors are unfamiliar with trading in the futures markets
Shares of up-and-coming electric vehicle EV startup Canoo (NASDAQ:GOEV) have shed more than 40% of their value in the past six months. GOEV stock has fallen more than 70% from its 52-week high price of $18.88. Overall, its first year of trading was forgettable. Source: shutterstock.com/rafapress 2022 could be a landmark year for the company,
U.S. stock futures climbed on Wednesday, with the outcome of a Federal Reserve meeting in the spotlight, along with a fresh batch of earnings from Boeing, Tesla and other big names. Microsoft shares were rising in premarket following the tech giant’s results. How are stock-index futures trading? S&P 500 futures ES00, +1.29% jumped 1% to
Buyers should cool off on cryptocurrency concerns and make some long-term investments instead, SkyBridge Capital’s Anthony Scaramucci told CNBC on Tuesday. Some people think bitcoin is “rat poison,” as billionaire investor Warren Buffett once described it; others think it’s the worst thing to ever happen to civilization, Scaramucci said in a “Squawk Box” interview. “Everyone
Lots of bottom-callers are wishing it was over, but the pain has hardly begun. zacks.com zacks.com/ultimate
Shares of fuboTV (NYSE:FUBO) are in a free-fall of late, having lost over 65% value in the past three months. This is a surprise, considering how its been killing it over the past several quarters. Its platform has grown incredibly in subscriber numbers and has significantly improved its monetization. Hence, the downtrend is an excellent
Recent news that SoFi Technologies (NASDAQ:SOFI) finally secured a bank charter was celebrated, with SOFI stock soaring as much as 37% in the days following the announcement. Source: Tada Images / Shutterstock.com I’ll get into the reason behind the warm reception in a moment, but I don’t necessarily see that much positive in the news.
Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. General Electric — Shares fell more than 6% after the company missed revenue estimates for the fiscal fourth quarter. The conglomerate reported 92 cents in adjusted earnings per share on $20.3 billion in revenue. Analysts surveyed by Refinitiv were
It’s official: Apple is the world’s first $1T company. Apple has long been among the most valuable publicly traded companies, but this milestone represents unprecedented levels of perceived worth. How Did Apple Do It? The Halo Effect Though they have been sometimes criticized for not being innovative enough, Apple has forged its business—and its reputation—on
The major correction DraftKings (NASDAQ:DKNG) has been on since early September has seen DKNG stock lose almost 70% of its value. Source: Postmodern Studio / Shutterstock.com Thanks to a terrible first month of 2022 — 374 S&P 500 stocks are down year-to-date through Jan. 21 — DraftKings now trades under $20 for the first time
Here we go again. After a wild day of trading that saw a 1,000-point swing by the Dow, U.S. stock futures fell sharply Monday night. Dow Jones Industrial Average futures YM00, -0.81% were down more that 200 points as of 10 p.m. Eastern, while S&P 500 futures ES00, -1.20% and Nasdaq-100 futures NQ00, -1.74% sank
Traders work on the floor of the New York Stock Exchange (NYSE) on February 5, 2018 in New York City. Getty Images It’s a sea of red in the stock market on Monday, and there are several factors that are dragging stocks down in January. The Dow Jones Industrial Average fell as much as 1,000
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 21, 2022. Brendan McDermid | Reuters Should you be worried? On Monday at one point, the S&P 500 was down 10% from its recent highs. However, investors who are panicking should bear in mind long-term trends. What’s
Last year was deplorable for Skillz (NYSE:SKLZ). Shares of the mobile gaming competition platform shot up to $46 in February but have declined by more than 90% since then. Nevertheless, it was a superb year for the underlying business, with substantial year-over-year (YOY) revenue growth. Moreover, SKLZ stock has multiple growth catalysts this year, which
Allakos (NASDAQ:ALLK) is a clinical-stage biopharmaceutical company that recently saw a pretty dramatic price collapse at the end of December. I believe that ALLK stock, and its subsequent collapse, is a learning opportunity for the investing community. Source: Pavel Kapysh/ Shutterstock.com In mid-December 2021, shares of Allakos were trading near $83 per share and they tanked
Take a look at some of the biggest movers in the premarket: Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm
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