Daily Trade

Wall Street often overshoots, so investors should know these ETFs to avoid. ProShares UltraShort 20+ Year Treasury (TBT): The Fed’s hawkish rhetoric is not permanent. Energy Select Sector SPDR Fund (XLE): The theme is long in the tooth. Financial Select Sector SPDR Fund (XLF): Could be collateral damage in the war on inflation. Source: shutterstock.com/bangoland

Tencent Holdings Ltd.’s revenue growth in the first quarter slowed to its weakest pace in nearly two decades, as China’s pandemic resurgence hit the Chinese social-media and videogame behemoth, which was already struggling with a yearlong regulatory crackdown. The world’s largest videogame developer said Wednesday that revenue edged 0.1% higher from a year earlier to

Airbnb (ABNB) stock lost almost a quarter of its value over the past two weeks Q1 results exceeded expectations, but the company faces tough comparables ahead ABNB stock is expensive and only suitable for the most optimistic investors Source: Tero Vesalainen / Shutterstock.com Like most of the rest of the market, shares of Airbnb (NASDAQ:ABNB)

Oil futures rose in electronic trade late Tuesday after a trade group reported a large drop in U.S. crude-oil and gasoline inventories. The American Petroleum Institute said U.S. crude-oil inventories fell 2.4 million barrels last week, while gasoline stocks fell by 5.1 million barrels, according to a source. Distillate inventories were seen up 1 million

SoFi Technologies (SOFI) is demonstrating leadership on analyst upgrade and 40% premium price target. Following mixed earnings release last week, investors are “over-discounting” a growth opportunity in SOFI stock. Shares of SOFI stock sets up nicely for buyers. Source: Michael Vi / Shutterstock Financial technology (fintech) firm SoFi Technologies (NASDAQ:SOFI) is bucking the market today.

Nestlé said Tuesday that it is rushing shipments of baby formulas to the U.S. to assist with a nationwide shortage that began late last year due to supply-chain disruptions.  “We have significantly increased the amount of our infant formula available to consumers by ramping up production and accelerating general product availability to retailers and online,

These five upcoming initial public offerings (IPOS) are among the most promising ones to watch. They will make headlines and offer volatile stock trading with elevated valuations and risk. Reddit: Is the communities’ network that was at the center of meme trading. Discord: Provides a platform for people to communicate via voice, video and text

Hi, MarketWatchers. Don’t miss these top stories. Buffalo supermarket shooting made a ‘food desert’ in a Black neighborhood even worse Food deserts ‘exist for two reasons: economics and bias,’ an anti-hunger advocate said. Read More ‘Millions of families struggle to keep roofs over their heads’: Biden administration has a plan to tackle America’s housing shortage

The entire EV market is getting a boost today. From Rivian (NASDAQ:RIVN) to Tesla (NASDAQ:TSLA) to Lucid (NASDAQ:LCID), risk-on sentiment finally appears to be taking hold this Friday. Among the major electric vehicle (EV) makers that are seeing impressive increases, Lucid is a leader. On Friday, LCID stock soared more than 16% around noon EST as investors returned to

Wheat futures climbed by the daily limit on Monday, following India’s plans to limit most of its exports of the commodity, as fallout from the Ukraine war continues to reverberate. Soft red winter wheat for July delivery  W00, +5.46% rose 62 cents, the normal daily price limit, to lock at $12.39 a bushel, a gain

Shares of Disney (NYSE:DIS) have been decimated, but that hardly makes it unique in a market like this. At this week’s low, DIS stock was down more than 50% from its all-time high. While the recent market pressure isn’t helping, earnings were the final catalyst to send it to new lows. The share price barely

The blood moon rises once again.  Sky watchers in the eastern half of the U.S. are in for a treat this weekend thanks to a perfect storm of celestial events. May’s full “Flower Moon” will undergo a total lunar eclipse as it passes through the Earth’s shadow overnight Sunday into Monday on May 15 and

Warner Bros Discovery (NASDAQ:WBD), the new entertainment giant formed on April 8 from the combination of Discovery Inc. and WarnerMedia, is set to become the second-largest media player by revenue after Walt Disney (NYSE:DIS). Since the merger, WBD stock has dropped faster than the equity markets in general, losing more than 30% year-to-date, but it is rebounding

Markets are pointing higher for Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that traditional lazy, hazy

By now, Spotify (NYSE:SPOT) investors know the story. SPOT stock is down 65% from its 52-week high; 55% in 2022 and 25% in the last month. It’s fair to say that taking profits from a stock that jumped 149% from its pandemic low is expected. However, the sell-off is now starting to look overdone. But

Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Welcome to Generation Z’s first bear market Up until recently, young people’s primary experience of the market was that stocks almost always go up Read More The Dow

Big box retailers and department stores take center stage and report earnings next week. The biggest retailers in the world are lined up to issue their results for the first quarter (Q1) of this year. Could the results sway jittery markets? Strong earnings from major companies have not managed to pull stock markets out of

Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The

Upstart (NASDAQ:UPST) stock lost over half its value in a single day after cutting its full-year revenue outlook The company is growing revenue and income at a fast clip despite economic headwinds UPST stock is a bargain, but that doesn’t mean shares will move higher Source: Postmodern Studio / Shutterstock.com I bought the dip in

Twitter Inc.’s chief executive said more changes were in store for the social-media company a day after he announced a hiring freeze and spending cuts to employees. Parag Agrawal, who described himself as a “‘lame-duck” CEO amid a $44 billion takeover bid by Elon Musk, said in a tweet thread Friday: “Regardless of the company’s