Peloton Interactive Inc. shares surged Thursday after the connected-exercise platform announced an exclusive partnership with TikTok. The deal will create a dedicated Peloton hub on the video-based social network with custom Peloton content, the companies said in a joint statement. TikTok users will be able to access live Peloton classes, instructor series, celebrity collaborations and
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Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance. The AQR Absolute Return strategy, which was created in 1998, benefited the most from profitable picks among value stocks in 2023, according
2023 was a year when growth outperformed value by a huge margin, led by the technology-heavy Nasdaq 100. However, in 2024, there might be a reversal of fortunes, given the numerous headwinds on the horizon. Thus, you should consider some smart investor stocks to weather the potential market turmoil. 2024 might be a challenging year, considering
Delving into realm of penny stocks, often leads investors into a volatile and risky terrain. Attractive for their low cost, these stocks are fraught with hazards making them a difficult choice for both newcomers and veterans in investing. Frequently the playground of scam artists and market manipulators, penny stocks require a discerning eye to avoid
Fidelity published an article on Nov. 28, 2023, wondering if it was time for investors to take the plunge and buy water stock. “It’s possible that our freshwater supply may diminish, threatened by climate change, contamination, and drought. In fact, water scarcity is expected to worsen as the global population continues to boom. By 2030,
Investors have such high hopes for popular weight-loss medications like Wegovy and Ozempic, the wonder drugs have sent shock waves through the stock market. Yet besides helping patients shed pounds, the meds have shaved billions in market valuation from companies that investors think will suffer as a result. This means obesity-related medical technology companies including
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the broader market. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had
A triumphant narrative of resilience and strategic prowess across three divergent industries emerges in the ongoing roller-coaster, where markets teeter on the brink of uncertainty with stocks at 52-week lows. Picture this: the first one, the tech titan, navigating tumultuous waters with an arsenal of revenue streams and a cloud-centric strategy. Concurrently, the second unveils
All in all, it’s certainly not a horrible time to be a brick-and-mortar retailer in the United States. That’s because the labor market remains strong, while consumers appear to be ready to spend more of their money on goods, interest rates are falling and the wages of retail employees are no longer zooming higher. However,
For those prioritizing long-term investments, the key is selecting stocks with a robust track record and resilience in unpredictable scenarios. In the vast landscape of investments dominated by tech unicorns and financial giants, three discreet millionaire-maker stocks stand out. These stocks, operating with resilience, innovation, and market finesse, quietly generate wealth. Also, they act as
Mark Zuckerberg cashed in on his company’s 2023 stock rally in a big way — selling nearly $428 million worth of shares in Meta Platforms Inc. over the final two months of the year. The Meta META, -0.53% co-founder and chief executive offloaded just under 1.8 million shares over the course of every trading day
The Street’s worries about PayPal (NASDAQ:PYPL) stock are way overdone. Eventually, these concerns, pushing the shares down 80% from their August 2021 high of $289, will become much less intense, enabling PYPL stock to soar far above its current levels. Specifically, investors’ trepidation about PayPal’s falling profit margins and its competition from Apple (NASDAQ:AAPL) will eventually be unfounded. As a result,
You deserve to start off 2024 with fresh, high-confidence stock picks. Unfortunately, Lucid Group (NASDAQ:LCID) stock has multiple problems and the bull case for just doesn’t hold up. The EV market is fiercely competitive, with significant changes from 2020 and 2021, when investors were more speculative and forgiving of consistently unprofitable companies. Given recent interest-rate hikes, investors are now more
Shares in “Magnificent Seven” component Apple (NASDAQ:AAPL) stock surged by nearly 54% during 2023. However, a growing number of stockholders have made an exit. After hitting a new all-time high in mid-December, AAPL pulled back slightly. The market has been using various developments and discussion about the company as an excuse to take profits. This
U.S. stock indexes were falling for a second straight session on Wednesday to extend the sell-off in high-flying technology stocks amid concerns the recent rally has come too far too fast. Investors were also awaiting the minutes from the Federal Reserve’s policy meeting in December. How are stock indexes trading The S&P 500 SPX dipped 30
As we ring in a new year, many investors may be thinking about how to reposition their portfolios for 2023. Last year wasn’t necessarily a banner year for many battery stocks. Indeed, many companies have faced challenges in terms of production and metal prices. However, this group merits attention in 2024. Why? Well, the long-term
Meme stocks are not what they were back in 2021 when they took the market by storm, crushed Wall Street short-sellers and put hedge fund Melvin Capital out of business. But meme stocks haven’t gone away. Over the past two years, retail investors who keep trying to execute a short squeeze on the shares pushed
Space stocks are accelerating towards making up a trillion-dollar economy, and 2024 is the year many could go stratospheric. Space stocks are more than just a tourist pipe dream, a sentiment that burned investors of the ill-fated Virgin Galactic (NYSE:SPCE). Instead, investors bullish on space’s future should look to companies providing real value today while
Money-management firm Fisher Investments late Tuesday denied a report that it’s in sale talks with private-equity firm Advent International. The Wall Street Journal, citing sources familiar with the matter, reported Tuesday that acquisition talks were underway. No further details were revealed, and the Journal reported that it’s possible no deal will be made, or that
In this article Follow your favorite stocksCREATE FREE ACCOUNT Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes