News of its launch of a crypto/NFT wallet hasn’t given GameStop (GME) much of a boost. Clearly, positive news isn’t having the impact it once did. There’s still plenty in play that will put pressure on the meme stock legend in the months ahead. Source: Shutterstock / mundissima After falling to double-digit prices, GameStop (NYSE:GME)
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Nvidia Corp., Nutanix Inc. and Snowflake Inc. all gave earnings forecasts that were below analysts’ expectations on Wednesday, the latest in a batch of tech companies to give warnings about the changing macroeconomic conditions. These lowered forecasts are now coming in across most of the tech sector, from social-media company Snap Inc. SNAP, +10.71% ;
Amazon (AMZN) has not fared well, with AMZN stock down more than 40% from the high. Amazon has a 20-for-1 stock split taking place on June 6. The company runs several high-quality businesses, but inflation is taking a toll. Are there enough positive catalysts to justify a long position? Source: Tada Images / Shutterstock.com Amazon
Amazon, in the spotlight over working conditions and facing more than a dozen shareholder proposals, announced at its annual general meeting Wednesday that none of the resolutions passed. Many of the 14 resolutions on Amazon.com Inc.’s AMZN, +2.57% proxy were worker-related. Among them: examining worker health and safety disparities; a report on the company’s use
Nio (NIO) stock is poised for a 58% rally in the next few quarters from oversold levels. New vehicle models will boost delivery growth once supply chain headwinds are navigated. An aggressive international expansion plan is another catalyst for growth. Source: Sundry Photography / Shutterstock.com Nio (NYSE:NIO) stock has witnessed a sharp correction in the
The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 following business closures in the wake of the earliest
Aterian (ATER) stock is hoping to transform the e-commerce led consumer products industry. The company’s operating results continue to be lackluster, however. A short squeeze is unlikely, and further stock dilution may be coming in the intermediate future. Source: Shutterstock Aterian (NASDAQ:ATER) presents itself as a tech-powered consumer products company. Aterian’s special differentiator is supposed
““What are we doing? Why are you here, if not to solve a problem as existential as this? ”” That was Connecticut Sen. Chris Murphy addressing the Senate on Tuesday afternoon, responding to reports that 14 children and a teacher were shot and killed in a Uvalde, Texas elementary school. Murphy was elected in 2012, just
Nutex Health (NUTX) is a small hospital and health care services company. The company recently completed a merger with Clinigence Holdings. Past financial results are not indicative of the business’ current prospects; wait for more data to come out. Source: Roman Zaiets / Shutterstock.com Nutex Health (NASDAQ:NUTX) is a Houston-based company. Clinigence Holdings used to
If you’re a retiree considering summer travel either domestically or overseas, and you’re wavering, it’s not surprising — there is a lot to consider. “When thinking about travel, take stock of risks,” says Dr. Stuart Campbell Ray, professor of medicine with expertise in COVID-19, at Johns Hopkins Medicine. Nobody wants to get sick on vacation.
The S&P 500 finally did it. The major stock market index dropped into a bear market Friday – representing a peak-to-trough decline of more than 20% — after flirting with bear territory for about a week. But it was a short-lived stint. The S&P 500 spent all over two hours in bear market territory, before
Texas mom Kelsey Burkhalter Golden was in for a big surprise last week after her toddler snuck her phone and ordered 31 cheeseburgers from McDonald’s. Barrett, 2, grabbed his mom’s cell to play digital games but wound up buying dozens of burgers via DoorDash. The mom, from Kingsville, southwest of Corpus Christi, took to social media
Sofi (SOFI) fell to below $5 after posting first-quarter results. SOFI stock is in a sustained 2022 slump as investors weigh on second-quarter guidance. Investors may accumulate shares from here. Source: Michael Vi / Shutterstock SoFi Technologies (NASDAQ:SOFI) took a hit and then stabilized after posting first-quarter (Q1) results. Typical of a growing fintech firm,
Treasurys were under renewed pressure Monday, pushing up yields, as a selloff in equities let up and worries about inflation and recession remained. What yields are doing The yield on the 10-year Treasury note TMUBMUSD10Y, 2.834% was at 2.82%, compared with 2.785% at 3 p.m. Eastern on Friday. Yields and debt prices move opposite each
It has been a challenging year for investors with exposure to the technology sector, as many stocks have been hammered by a number of factors, including high inflation, supply chain disruptions, geopolitical tensions, and rising interest rates. FAANG stocks — an acronym for prominent tech behemoths Meta Platforms(NASDAQ: FB), which was formerly known as Facebook, Amazon
With prices rising everywhere, Airbnb ABNB, -3.83% hosts report that their hosting money has become essential money. More than a third of the Airbnb hosts around the world said hosting has helped them to cover the rising costs of living. The lodging rental company rolled out its annual survey this week that looks into how
Mullen Automotive (NASDAQ:MULN) stock is on the cloud line after a spate of positive announcements. Shares soared almost 20% in a single day, thanks to the company and Linghang Guochang Group extending their partnership on solid-state battery technology. It is better to wait for the company to give away its gains before purchasing more shares.
Early Voting won the 147th running of the Preakness Stakes, the second leg of thoroughbred racing’s Triple Crown. Epicenter finished second in the contest, held at Baltimore’s Pimlico Race Course. Creative Minister came in third. Early Voting was among the favorites and went off at 5-1 odds. Epicenter was the top favorite in the nine-horse
Saudi Arabia’s Public Investment Fund, which owns 62.7% of Lucid Group (LCID), filed its quarterly 13F on May 16. It didn’t sell any of its LCID stock. If you’re a shareholder, that is viewed as good news. However, if you’re thinking of buying, you might want to think twice. Source: Tada Images / Shutterstock Saudi
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance