The Reddit forum WallStreetBets logo on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021. Brent Lewin | Bloomberg | Getty Images What’s next for the Reddit crowd? Wall Street seems unsure. The “blow-out-the-short-sellers game” is showing signs of exhaustion, but the ramifications are only just being felt. What traders can’t agree on is
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Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker’s shares jumped nearly 12% premarket on news that the Food and Drug Administration has extended the review period by three months for its experimental Alzheimer’s treatment aducanumab. Biogen is providing additional data to the FDA as part of
WallStreetBets and its 3.1 million followers are fighting back against short-selling hedge funds and winning.
Visionary entrepreneur Elon Musk is the co-founder of PayPal (PYPL) and Tesla Motors (TSLA) as well as the founder of SpaceX. His astounding success has given rise to comparisons of Musk and Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. Amid an often difficult childhood, Musk developed a relentless work ethic (he is known to work
Sundial Growers (NASDAQ:SNDL) is a Canadian producer and distributor of cannabis products. Like many other Canadian cannabis companies, it stands to benefit massively if marijuana becomes legal across the board in the United States. That would be a huge boon for SNDL stock. Investing in Sundial, however, has more risks than potential benefits. For one,
Shares of Tesla (NASDAQ:TSLA) dropped slightly after the EV maker reported fourth-quarter numbers which beat on the top line, but missed on the bottom line. As of this writing, TSLA stock is down about 3% on the day. Zooming out, the Tesla earnings miss is much ado about nothing. Source: Sheila Fitzgerald / Shutterstock.com And
The hottest investment of 2021 is on track to be the same as the hottest investment of 2020. Source: Shutterstock In fact, the reemergence of the Special Purpose Acquisition Company — or SPAC — may have been the most significant investment story of last year. If January is any indication, this fire is still burning
Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the company and its millions of users. “In order to protect the firm and protect our customers we had to limit buying in these stocks,” Tenev told CNBC’s Andrew Ross Sorkin Thursday evening. “Robinhood is
Visa and Mastercard credit cards. Getty Images Check out the companies making headlines after the bell: Visa — Shares of the payments giant rose 1% in extended trading on Thursday after beating on the top and bottom lines of its quarterly results. Visa reported earnings per share of $1.42 on revenue of $5.69 billion. Wall
Your paycheck and pay stubs contain a variety of information about your income and the amounts your employer deducts from it, such as for taxes and insurance coverage. One item you may notice is group term life insurance, or GTL for short. If you see GTL or a similar reference to group term life on
On Wednesday, Jan. 27, President Joe Biden issued a slate of new executive orders aimed at addressing climate change. The actions freeze new oil and gas leases on public lands and put Exxon Mobil (NYSE:XOM) stock in an awkward position. Source: Harry Green / Shutterstock.com As the largest of the world’s eight “oil-majors,” Exxon has long
Inspired by the Reddit forum WallStreetBets’ success in driving a never-before-seen meteoric rally in heavily shorted GameStop (NYSE:GME) stock, retail investors have waged an all-out war against short-sellers, piling into heavily shorted stocks all across the market and sparking short squeezes in many of these names. Some of these so-called “short-squeeze stocks” are doubling, tripling
Pfizer (NYSE:PFE) stock is down nearly 1% so far this year. That’s strange, considering it got its vaccine out the door in record time. The novel coronavirus pandemic has wreaked havoc on the global economy. Pfizer and BioNTech’s (NASDAQ:BNTX) vaccine received Emergency Use Authorization (EUA) due to its excellent efficacy of 95%. But despite that,
With electric cars now going mainstream, autonomous vehicles are the next big bet on the future. Advanced sensor technology like lidar has been seen as one of the keys to self-driving technology. However, not everyone agrees. Israeli automotive sensor technology company Foresight Autonomous Holdings (NASDAQ:FRSX) is betting against both lidar and radar. Instead, the company
Mark Cuban on Thursday cheered the epic short squeeze in GameStop shares, telling CNBC he believes the contingent of investors hyping the stock on sites like Reddit have taken a page out of Wall Street pros’ own book. “It’s not the first time low float or heavily shorted stocks have been targeted,” Cuban said on
Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange The short squeeze craziness continues and discussions are split on three lines: the implications for trading (is there a power shift on Wall Street?), the implications for regulations (what action, if any, will the SEC take? should there be position
Take a look at some of the biggest movers in the premarket: American Airlines (AAL) – American’s stock is surging more than 60% in premarket trading after a better-than-expected fourth quarter. The airline lost $3.86 per share, less than the anticipated loss of $4.11, and revenue came in above analyst forecasts. American did post an
In order to really hone in and understand what a portfolio is, let’s take a look at a business example so we took a look at a regular business and how that business can look at its inventory as a portfolio. For example, if we start breaking the business down into a few segments, you’ll
Her focus on disruptive innovation broke the mold of Wall Street money management.
Finding relief for student loan debt becomes even more pressing if you’re one of the millions who have lost their job—or are earning less—because of the pandemic. Here’s some good news: It’s easier than ever to get payment relief for student debt right now, no matter what type of loan you have. We’ll explain the