CHAPEL HILL, N.C. – Here’s another entry for Ripley’s Believe It or Not: Bear markets in stocks are more likely to begin when interest rates are falling than when they’re rising. That’s important information to keep in mind at a time when inflation is at a 40-year high and interest rates are steadily rising. In
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The last time I discussed the controversial special purpose acquisition company Digital World Acquisition Corp. (NASDAQ:DWAC), its shares were up 57% on a year-to-date (YTD) basis. Since then, DWAC stock had its dips and dives, but it is still up 6o% YTD. Source: rafapress / Shutterstock What in the heck gives? For me, I find
Predicting a “brighter year ahead,” Expedia Group Inc. said Thursday that the impact of the omicron variant on travel was not as severe as previous COVID-19 disruptions. Expedia Group’s EXPE, +0.29% total gross bookings were $17.5 billion in the fourth quarter, down 25% compared with the fourth quarter of 2019. The company said that was
When conservative talk radio host Larry Elder went head-to-head against incumbent California governor Gavin Newsom during last year’s recall election, it had significant implications for DraftKings (NASDAQ:DKNG). You see, Elder has some libertarian views, but he’s not too fond on gambling, which of course would have boded poorly for DKNG stock had he won. Source:
Shares of Facebook-parent Meta Platforms Inc. bounced off a 20-month low Wednesday, as a widely followed technical indicator sank to the most oversold level seen since just a few months after the company went public 10 years ago. The stock FB, +4.37% climbed 3.0% in midday trading, after plunging 31.8% amid a four-day losing streak
Digital World Acquisition (NASDAQ:DWAC) is a special purpose acquisition company (SPAC). Even in a brutal downturn for SPACs, DWAC stock has managed to succeed beyond everyone’s wildest expectations. That’s because Digital World announced a merger with former President Trump’s emerging media and internet company, Trump Media & Technology Group (TMTG), which is planning on launching
Snoop Dogg released his first album with Death Row Records in 1993. Less than 30 years later, he owns the whole company, such as it is. The rap legend’s deal was announced by Blackstone, Inc. BX, +4.58%, a private-equity firm that owned the remnants of the record label as part of MNRK Music Group. The
If you’re a fan of Mad Money host Jim Cramer – more specifically, using Cramer as a contrarian indicator – it may be time to consider acquiring shares of electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN) stock. Source: Miro Vrlik Photography / Shutterstock.com Recently, the CNBC personality stated he believes “it’s going to be a very
Gold futures on Wednesday were flipping between small gains and losses, putting the precious metal in jeopardy of finishing lower for the first time in four sessions after marking the highest finish in almost three weeks. A climb in global stocks was helping to dull factors that would ordinarily help to support decisive buying in
Cassava Sciences (NASDAQ:SAVA) stock illustrates the promise — and hazards — in biotechnology investing. Casssava management says it has a drug that can effectively treat Alzheimer’s Disease, one of the most destructive diseases known to man. They may have it, or they may not. It’s impossible for a small investor like me to know for
The U.S. will need its domestic natural gas industry and its ready-made pipeline infrastructure to ease the nation toward net-zero emissions, the American Gas Association argues. The group, which represents natural gas-powered utilities, on Tuesday issued a new study it says makes the case. The report lays out several pathways from maintaining the status quo to hitting
Two years post-onset, it’s fair to say that the Covid-19 pandemic brought both calamity and opportunity. Among the unexpected benefactors was teleconferencing platform Zoom Video Communications (NASDAQ:ZM). The surge in ZM stock reflected a sudden shift to remote/hybrid work and collaboration. Source: Michael Vi / Shutterstock.com Today, Zoom remains a household name and the dominant U.S.
U.S. stock index futures edged higher on Tuesday, as the benchmark 10-year Treasury note approached a level not seen since January 2020. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.05% rose 68 points, or 0.2%, to 35037 Futures on the S&P 500 ES00, -0.03% rose 7 points, or 0.2%, to 4482 Futures
Typically, when a publicly traded company loses nearly 16% of market value over the trailing month, there’s a reason for it — and usually not a good one. That’s the situation with SoFi Technologies (NASDAQ:SOFI). Though backed by several relevant innovations like fintech and cryptocurrencies, investors currently have a dim view of SOFI stock. Source:
Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs. Shares in CF Acquisition Corp VI CFVI soared as high as 39.7% in late-afternoon trading as investors began to ponder the possibility that the controversial comedian would accept
When it comes to opinions and analyses about Matterport (NASDAQ:MTTR) stock these days, you can’t ignore the metaverse. Source: Ken Wolter / Shutterstock.com As a leader in 3D spatial visualization technologies, the company’s platform enables a more immersive experience than was ever possible through the internet. Logically, such an innovation lends itself to metaverse-based applications,
Four drug makers brought in more than $14 billion in sales of COVID-19 treatments in 2021, but the lucrative, new market will be tempered if the virus is kept under control this year. The tally includes full-year sales of Eli Lilly & Co.’s LLY, -0.65% monoclonal antibodies ($2.2 billion), Gilead Sciences Inc.’s GILD, -1.01% COVID-19
Like so many special purpose acquisition companies (SPACs), SoFi Technologies (NASDAQ:SOFI) stock has been a volatile one. Shares initially popped to $25 as excitement grew for the well-known FinTech firm. Source: rafapress / Shutterstock.com This also came during a time when entrepreneur Chamath Palihapitiya was on a massive winning streak with his SPAC deals. So in
Well, that didn’t take long. Biotechnology as an investment sector is so hated, it stumbled into bear market mode for the year in less than a month. The jarring 20% decline happened after the group fell 22% last year, against an S&P 500 SPX, +0.52% gain of 27%. “Boy, what a start of a year.
Like other speculative growth stocks, Skillz (NYSE:SKLZ) continues to struggle. The days of “growth at any price” have long since passed. With the Federal Reserve raising rates, SKLZ stock continues to head lower. Source: Dennis Diatel / Shutterstock.com While it’s much cheaper now (it once traded for prices more than ten times what it trades for