Daily Trade

[Editor’s note: “Buying Opendoor Today Could Be Like Buying Amazon in 1997” was previously published in October 2021. It has since been updated to include the most relevant information available.] Anyone who follows me knows this: I’m super bullish on Opendoor (NASDAQ:OPEN) stock. Source: Tada Images / Shutterstock.com Indeed, buying Opendoor stock today could be
0 Comments
Recession worries were roaring back into the spotlight for Wall Street on Wednesday, with equity futures and oil prices dropping, as investors looked ahead to Congressional testimony from Federal Reserve Chairman Jerome Powell. How are stock-index futures trading? S&P 500 futures ES00, -1.80% dropped 1.6%, to 3,707 Dow Jones Industrial Average futures YM00, -1.56% dropped
0 Comments
The Biden administration is moving forward on a plan to mandate the elimination of nearly all nicotine in cigarettes, a policy that would upend the $95 billion U.S. cigarette industry and, health officials say, prompt millions of people to quit smoking. The plan, unveiled Tuesday as part of the administration’s agenda of regulatory actions, likely wouldn’t
0 Comments
Based in New York, Teladoc Health (NYSE:TDOC) specializes in the niche market known as telemedicine or telehealth. Investors might feel optimistic overall about the telemedicine market, but there are too many company-specific problems going on to recommend TDOC stock. When the Covid-19 lockdowns occurred in 2020, Teladoc Health suddenly became a darling on Wall Street. The
0 Comments
Despite a flurry of macroeconomic pressures, Wall Street analysts still feel very bullish about the stocks they cover. That’s according to FactSet’s senior earnings analyst, John Butters, who noted that the number of buy ratings on stocks remains “unusually high,” despite broader-market concerns about inflation, interest rate hikes, the war in Ukraine, falling stock prices
0 Comments
Moving to Utah was a no-brainer for Leola Broussard. Broussard, who previously rented a home from a friend in the pricey Stanford-Palo Alto neighborhood, told MarketWatch of the prices there, “It’s just totally outrageous.” Over the last two years of the pandemic, many Americans like Broussard have flocked to Utah, seeking bigger living spaces and
0 Comments
Dear Quentin,  My dilemma involves a small inheritance that I have recently received upon my mother’s passing. It’s about $130,000. I need advice about what to do with it.  A little background: My husband has been very diligent about our retirement savings over the years, and although we might not be considered wealthy, we are
0 Comments
A week after freezing withdrawals, embattled crypto lending platform Celsius Networks Ltd. said Sunday that that it will “take time” to stabilize its liquidity and operations. Last Sunday, Celsius, one of the largest crypto lending platforms, announced it was “pausing” withdrawals, swaps and transfers “due to extreme market conditions.” In a blog post Sunday, the
0 Comments
Is bitcoin BTCUSD, +7.69% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s No. 1 digital asset was last trading at $18,654, down more than 70% from its peak of around $65,000, with the broader crypto market feeling to some
0 Comments
Inflation, interest rates and recession risk have knocked stocks lower again. Alongside stocks, the crypto and non-fungible token (NFT) markets have cratered, too. Yet this latest market meltdown has only had a moderate impact on GameStop (NYSE:GME) stock. What gives? The long side has seemingly regained the upper hand. They bid up the stock post-earnings,
0 Comments