Daily Trade

Biotech stocks have been through an extended lean patch, making them ideal candidates for a strong rebound. Verrica (VRCA): Approval of its viral skin disease treatment could transform the company into a commercial-stage biopharma. Amicus (FOLD): Pompe disease treatment approval opens up huge market opportunity for the biopharma. Athersys (ATHX): Potential approval for Japanese licensee

The so-called algorithmic stablecoin TerraUSD fell as low as 30 cents on the dollar on Wednesday, demonstrating in real-time the difficulties the cryptocurrency community will have in providing an alternative to the traditional financial system. TerraUSD is a coin backed by another crypto, called Luna. The way it’s supposed to work is that when TerraUSD,

FuboTV (NYSE:FUBO) reported its first quarter of 2022 earnings on May 5 after the markets closed, and FUBO stock is down 18.6% since. While the sports-focused video streaming platform reported 102% revenue growth over last year, the 101% increase in its GAAP losses has spooked some but not all investors.  In fact, Wedbush analyst Michael

The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the U.S. economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely

Novavax’s Covid-19 vaccine still isn’t approved for use in the U.S. With the pandemic in full retreat and the majority of people now fully vaccinated, demand for Novavax’s vaccine is likely to be weak. Rival pharmaceutical companies Pfizer and Moderna have beat Novavax to market with multiple Covid-19 treatments. Source: rarrarorro / Shutterstock.com Any hope

Dear MarketWatch. We are thinking about building a modern home on 26 acres in the Texas Hill Country. We would pay cash; the estimated costs to build excluding the land is $2.1 million. Including land, it would be close to $3 million in value. We are retired and this would be our forever home and

SoFi Technologies (NASDAQ:SOFI) reports its first quarter 2022 earnings on Tuesday after the markets close. If you own SOFI stock, I don’t think you need to worry about any negative surprises. The big elephant in the room — the federal student loan moratorium extended through August — and its effect on its business here in

Rivian Automotive Inc. is slated to report first-quarter earnings after the bell Wednesday, with the EV maker battling a steep decline of its shares and fears of continued operational snags. Rivian RIVN, -20.88% stock was under renewed pressure this week amid reports that, after the post-IPO lockup period had passed, Ford Motor Co. F, -5.77%

Given QuantumScape’s (NYSE: QS) relatively high valuation and the fact that its batteries, in a best-case scenario, won’t be commercialized for many years, the risk/reward ratio of QS stock is unfavorable at this point. Also worth noting is that investors are rather skeptical about pre-revenue companies such as QuantumScape in the current macro environment, while

After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday. Dow Jones Industrial Average futures YM00, -1.10% were last down more than 300 points, while S&P 500 futures ES00, -1.16% and Nasdaq-100 futures NQ00, -1.09% were each off around 1%. Cryptocurrencies fell over the weekend as

The number of zombie companies ebbs and flows with economic cycles and usually increases during recessionary periods. Diebold Nixdorf (DBD): The ATM machines business contributes to top-line growth as customers increasingly shift toward automation and self-service. Mattel (MAT): The toy company plans to produce more than a dozen movies, including the highly anticipated Barbie movie in 2023.

Americans still hold onto the dream of homeownership — but rising prices are giving them pause. A new poll from Gallup found that only 30% of Americans believe now is a good time to buy a house. It’s the lowest level on record since Gallup began surveying Americans on this question beginning in 1978, and

The S&P 500 has been getting pummeled. That goes for the index, the S&P futures (ES) and the SPDR S&P 500 ETF (NYSEARCA:SPY). SPY stock is not the worst performer of the major U.S. indices, though. The Nasdaq is, barely edging out the Russell 2000, with its 26% decline. SPY is down about 15% from

Does your bank account impact your moral priorities?  A new working paper suggests that the wealthier you are, the more likely you are to vote based on your morals than your personal financial interests. A group of social scientists developed this theory after creating a model, based on over 18,000 responses from Americans across the

[Editor’s note: “Hydrogen Power Will Give Rise to an $11 Trillion Revolution in 2022” was previously published in December 2021. It has since been updated to include the most relevant information available.] The best investments — with the potential to mint millionaires — are often found in places where most aren’t looking. Follow that thread

The 148th Kentucky Derby will take place on Saturday in Louisville, Ky., and the anticipation is growing. The Kentucky Derby is known as the premier event in horse racing, as it comes with high payouts for the winner, huge fan interest and perhaps most important, famously flamboyant outfits and hats from its attendees. Here’s everything

Snowflake (SNOW) has lost half its value as investors abandon money-losing tech companies. SNOW stock has positive operating cash flow and enough cash to get through a recession. Speculators are waiting for their opportunity to pounce. Source: Sundry Photography / Shutterstock Snowflake (NASDAQ:SNOW), the data warehouse stock technically based in Montana, has lost half its

You may want to put a bit more money aside for mom’s carnations this Sunday. Because, just like everything else, flowers are getting more expensive.  For Mother’s Day on May 9, the National Federation of Retailers, a trade organization, predicts that people will spend up to $31.7 billion, up 12% on last year. The group

EV upstart Lucid Motors (NASDAQ:LCID) delivered a strong earnings beat with its first-quarter results. Investors were lackadaisical, though, as LCID stock shed close to 12% of its value on its post-earnings sell-off. Analysts were expecting the EV firm to lose 31 cents per share on sales of $55.6 million. However, actual results came in significantly

El Pollo Loco Holdings Inc. reported first-quarter sales that beat expectations, and says the second quarter is off to a strong start thanks to a limited-time Shredded Beef Birria menu item. El Pollo Loco’s take on the food trend is shredded beef served in tacos, quesadillas and burritos with consomé dipping sauce, chips and salsa.