Before we consider the opportunity in Zillow (NASDAQ:Z, NASDAQ:ZG) stock, we should acknowledge the overall risk. The situation is now ablaze in the Ukraine, but the negative rhetoric is building showdowns between the U.S. and China. Wall Street knows this, and that’s why the the CBOE Volatility Index (INDEXCBOE:VIX) is near $30. With that in
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As Ukrainian President Volodymyr Zelensky on Wednesday asked Congress for more American aid, investor Peter Schiff’s reaction focused on the embattled leader’s decision to wear a T-shirt for his big speech. Schiff, a longtime market pundit and global strategist for Euro Pacific Capital, suggested that appearing in a tee was disrespectful. He tweeted: “I understand
Boy oh boy, have the meme stocks gotten some rough treatment or what? I would argue that to some extent, most of these stocks deserved this. Many meme stocks were trading to cuckoo levels, with the astronomical gains leading to silly valuations. The market was handing out multi-billion market capitalizations for some firms that didn’t
Chinese- and Hong Kong-listed stocks soared on Wednesday after China’s government pledged to support beleaguered markets. The Hang Seng HSI, +9.08% surged 9% in afternoon trade as state-run Xinhua News Agency said the government would take a number of market-friendly steps. The Shanghai Composite SHCOMP, +3.48% rose 3.5%. China’s financial stability and development committee called
Remember how exciting it was when Canadian company Tilray (NASDAQ:TLRY)bought out competitor Aphria? At the time, it was the cannabis-market merger of a lifetime. TLRY stock was supposed to soar to all-time highs. Source: Jarretera / Shutterstock.com However, people’s pot stock dreams met reality and went up in smoke. Even with Aphria’s assets, Tilray still
President Joe Biden probably needs to come up with a new pick for the Federal Reserve after key Democratic Sen. Joe Manchin announced his opposition on Monday to nominee Sarah Bloom Raskin, according to analysts. “Given that Republicans appear united in their opposition to her, Manchin’s decision is very likely to doom Raskin’s nomination,” said
Bottom-fishers who bought Occidental Petroleum (NYSE:OXY) at its novel coronavirus pandemic lows have seen their patience pay off recently. Even those who got into OXY stock “late” — after oil began to bounce back — are sitting on significant gains. Source: Pavel Kapysh / Shutterstock.com But now, whether you own it already, or looking to
Oil prices tumbled below $100 a barrel on Tuesday, to levels not seen since before the Russian invasion of Ukraine three weeks ago, as investors reassessed the huge run-up in prices seen in recent weeks. Price action West Texas Intermediate crude for April delivery CL.1, -5.98% CL00, -5.98% CLJ22, -5.98% fell 5.1% to $97.72
BRC Inc. (NYSE:BRCC) is the official name of the entity better known as Black Rifle Coffee. The company recently completed its merger with Silverbox Engaged Merger Corp. As a result, Silverbox’s ticker changed to BRCC. In the wake of the merger, BRCC stock has rallied sharply. Source: YuniqueB / Shutterstock The merger valued Black Rifle at
On Thursday, national average pump prices broke the record set just one day earlier. But even before retail gas prices broke all-time highs, drivers across the country were ready to veer into all sorts of fuel and money-saving tactics. Nearly two-thirds of drivers (59%) said they would change their driving habits if gas prices passed
Advertising platform Snap (NYSE:SNAP) has enjoyed the past month after reporting solid earnings. The market did not expect a blow-out quarter from the company but Snap proved them wrong. SNAP stock gained 23% in February and is trading in the $30s today. Source: dennizn / Shutterstock.com Although the stock is much lower than the highs it
After two tough, COVID-filled years, Carol McCoy was looking forward to a relaxing getaway. McCoy works as a registered nurse in Pompano Beach, Fla., and wanted to recharge. So last fall, she planned a trip to Cassadaga, Fla., also known as the “Psychic Capital of the World,” for this spring. She was excited to go
Amazon (NASDAQ:AMZN) stock will split 20:1 in June. The company also authorized a $10 billion share buyback. Source: Frederic Legrand – COMEO / Shutterstock.com Shares rose over $100 early on March 10, despite a 1.45% overall drop in the Nasdaq. Even at that level they are down over 13% since the start of the year. The
It was two years ago Friday that the World Health Organization officially declared the then-rapidly spreading coronavirus outbreak a pandemic. Many of us waved goodbye to co-workers as we headed home for what was supposed to be a two- or three-week stint in mid-March 2020. But, from that point on, COVID-19, the name given in
With all the turmoil in the market today, you may think the meme stocks trend is completely over-and-done-with. Mostly, because the factors that enabled it in the first place are no longer in play. For starters, between inflation, interest rates, and the Russia-Ukraine war, the market is in “risk-off” mode. More chancy investments have seen
Dear MarketWatch, I’m an inveterate rails-to-trails cyclist who most enjoys biking along rivers. I’d like to retire to a small town with easy access to hiking and biking trails, kayaking and other joys of the natural world. Can you suggest some walkable small towns (3,000-10,000 population) that are county seats and/or college towns, politically liberal,
Canadian Pacific Railway (NYSE:CP) stock has been rising since Russia invaded Ukraine. CP stock was due to open March 11 at $77.79, up from below $69 at the start of the month. They’re now up 8% so far this year. Source: Shutterstock Canadian Pacific investors have been hoping for gains ever since the company announced
Inflation that’s accelerated well past the Federal Reserve’s 2% long-term target in the post-pandemic recovery poses a significant policy challenge. That has only gotten harder by an energy-price shock through the economy with unknown duration from the Ukraine conflict. Inflation is the fastest it’s been in 40 years. The consumer price index surged 7.9% in
The junkmen are coming for Kohl’s (NYSE:KSS) stock. Source: Sundry Photography/Shutterstock.com Since December, activist investors have been pushing the company to sell or at least spin-off its real estate and e-commerce units. The board reacted by rejecting two takeover offers and adopting a “poison pill” aimed at preventing a “hostile takeover.” The pressure increased last
Dear Quentin, I am my father’s oldest child from his first marriage. I have a younger half brother and half sister from his second and third marriages, and I also have a stepsister. We get along, but don’t often do family gatherings. My father doesn’t have a will. He lives in Washington state. He has