Meme stocks are names that have gained a large following because of activity on social media. Of course, meme stocks’ heyday was back in 2021, and most of the names that went on a tear thanks to their popularity on social media have subsequently crashed. Among these stocks are GameStop (NYSE:GME), AMC (NYSE:AMC) and Ocugen
Month: May 2024
Curious why a veteran trader believes the market will scream higher by summer? Or why he believes the recent lows from the past few weeks might be the lowest point for the rest of 2024? You’ll find out now because Jeff Remsburg, the editor of the daily InvestorPlace Digest, just finished up an interview with
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. Lucas Jackson | Reuters Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to
Investing in certain penny stocks to buy during a volatile economy can present unique opportunities for investors. Typically priced below $5 per share (at a discount), these stocks often exhibit heightened volatility, translating into significant short-term gains for those adept at timing the market. Furthermore, penny stocks may offer diversification benefits, as they tend to
Rivian (NASDAQ:RIVN) stock is worth watching ahead of earnings. Rivian’s last earnings report showed promising revenue growth but was followed by a sharp stock decline. Multiple layoffs and negative sentiment from Wall Street have contributed to investor concern ahead of the May 7 report. The company had two layoffs this year and delayed a factory
After its March 21 debut, Reddit (NYSE:RDDT) more than doubled from its IPO price. Early investors benefited from rapid growth and a successful IPO. RDDT stock has since declined significantly. While it still trades roughly $10 higher than its $34 per share offering price, it’s one that’s got some downside momentum investors have to consider.
In this article XOM PXD Follow your favorite stocksCREATE FREE ACCOUNT A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters The Federal Trade Commission will wave through Exxon Mobil‘s roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the
For the past several weeks, stocks have been caught in rough waters. After the most recent batch of hotter-than-expected inflation data sent investors spiraling into panic mode, Federal Reserve rate-cut hopes evaporated. Yields rocketed; and stocks dropped. In fact, Wall Street has been holding its breath since that data’s release, eagerly awaiting the Fed’s next
Tech stock investors have seen tremendous volatility over the past few years. While many stocks have soared, not al have. Thus, it is always a good idea to keep in mind which companies are worth adding to, and which are tech stocks to sell. If you look at broader indexes, that may not seem true. However, if you exclude the
We’re a little more than halfway through first-quarter earnings season, so now is the time to review this earnings season winners and losers. In general, market results have been encouraging so far. Forty-six percent of companies listed on the S&P 500 have reported their quarterly results. Seventy-seven percent beat forecasts with their earnings or profits,
In this article GSBD Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2024. Brendan Mcdermid | Reuters The volatility in the bond market has had equity investors on their toes for months, but at what point will rising
Once a Wall Street darling, Netflix (NASDAQ:NFLX) is now considered a left-behind as the market obsesses over Magnificent Seven stocks. Nowadays, positive earnings results aren’t enough to get investors enthused about Netflix stock. Yet, today you can be a leader instead of a follower. I invite you to contravene the crowd, embrace change and build a
Given the recent market volatility, many traders are trying to make money in penny stocks. With low prices and elevated volatility, penny stocks could be a great way for traders to cash in on breaking news and rapid changes in market sentiment. However, with the seemingly weakening economic and political backdrop, this is a risky
If any company reflects the state of China’s economy, it would be e-commerce and cloud-computing firm Alibaba (NYSE:BABA). Perhaps Alibaba stock is a bullish bet on China’s economic recovery, just as much as a wager on Alibaba as a company. In that light, there are definite risks to investing in Alibaba, though there are also potential rewards.