Although GameStop (NYSE:GME) is perhaps the best known of the “meme stocks” to go parabolic in January, it wasn’t alone. Shares of AMC Entertainment (NYSE:AMC) also got a jolt as the Reddit crowd attempted to implement a short squeeze. That said, this presents a good news/bad news scenario for AMC stock. Source: Helen89 / Shutterstock.com
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Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the
Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell on Monday: Square – Shares of the financial services company slipped 4.1% amid news news that Square purchased $170 million in Bitcoin. Square also reported quarterly results that beat analyst expectations. The company earned 32 cents per share
Even if you’ve managed to avoid sitting through a company benefits meeting, you’re no doubt familiar with the concept of a 401(k) plan. A 401(k) is a defined-contributions plan. You sock away a set amount each paycheck, your employer may match some percentage of the contribution, and years later you declare your own financial independence.
Marathon Patent Group (NASDAQ:MARA)has climbed nearly 200% in 2021. And going back to Dec. 2020, MARA stock is up approximately 400%. The reason for the mania surrounding this crytocurrency mining stock is Bitcoin (CCC:BTC:USD) which is up nearly 150% in the last three months. Source: Useacoin / Shutterstock.com Another catalyst for Marathon is that it
Over the weekend, I was doing research on large-cap stocks and noticed an important detail: buying pressure is dissipating on otherwise good stocks with positive sales and earnings. Source: madamF / Shutterstock.com One example right now is Facebook (NASDAQ:FB). In its fourth-quarter announcement on January 27, the company reported earnings of $3.88 per share, which was
While Cloud Czars Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) still sell for around 35 times trailing price-to-earnings, Facebook (NASDAQ:FB) is currently selling for 26.72. Why? Because right now, there’s a misunderstanding about the business and power behind Facebook stock. Source: Ink Drop / Shutterstock.com Investors are told it’s a social network stealing “the
Much of the United States felt the sting of extremely cold weather this month. Perhaps no part of the country was hurt more than Texas, which saw millions go without power. This has caused energy prices to surge higher. For investors, that puts the focus on energy stocks. Consider that WTI crude increased 6.5% over
Janet Yellen, U.S. President-elect Joe Biden’s nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. Leah Millis | Reuters Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both
Cathy Wood Crystal Mercedes | CNBC Some called it the “Cathie Wood sell-off.” At the open Tuesday, the top names owned by Ark Investment Management were the biggest decliners in the market. Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify and Spotify were all down big, in many cases by double-digits. All
Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5% during the fourth quarter, more than the 19.2% consensus estimate of analysts polled by FactSet. Home
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Key Takeaways Analysts estimate adjusted EPS of $2.81 vs. $1.89 in Q4 FY 2020. Data center revenue is expected to rise YOY. Revenue is expected to show robust growth amid the COVID-19 pandemic. Nvidia Corp. (NVDA), already a major force in semiconductors, could become even more dominant and reshape the industry with its proposed $40
In theory, the rollout of the various novel coronavirus vaccines should be beneficial for Carnival (NYSE:CCL), along with rivals in the cruise-ship operator space like Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH). As you know, the pandemic has been brutal on this industry. But with light at the end of the tunnel, the narrative
New Brunswick-based cannabis company OrganiGram (NASDAQ:OGI) recently made news when it appointed Marni Wieshofer as its first U.S.-domiciled director. While it did little to move OGI stock, the appointment deserves closer scrutiny. Now before you get all accusatory about my implication, it’s not for the reason you think. While I don’t know Ms. Wieshofer, her
As seen with apps like Robinhood, it’s very easy and cheap to invest nowadays. As a result, the markets have seen a big-time return of retail investors. They have actually become a major force. But this raises a question: for new investors, what are the stocks to buy? Well, as seen with the Reddit forums,
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social media managed to push GameStop shares up 400% in
Julie Wainwright, CEO, The RealReal Scott Mlyn | CNBC Check out the companies making headlines after the bell on Monday: Palo Alto Networks – Shares of the cybersecurity company fell nearly 1% after Palo Alto Networks reported better-than-expected results for its second quarter. The company reported earnings per share of $1.55, compared to a Refinitiv
Victoria’s Secret, a subsidiary of L Brands Inc. (LB), has its own branded credit card named the Victoria card. Here is a discussion of the card’s benefits, drawbacks, and the type of consumer for whom the credit card is best suited. Its chief competitors are cards from Gap and Lane Bryant. Where Can the Victoria
There’s a lot to be said about dividend stocks that’s positive. The companies they represent are shareholder friendly. They are usually issued by companies with a long-term view of the markets and growth in their sector. They offer income in a world bereft of decent traditional dividends. But there’s also another side to these stocks.