BEIJING — An official gauge of China’s manufacturing beat market expectations, as activity continued to expand at a faster clip in December amid improved market demand and falling raw material prices. The official manufacturing purchasing managers’ index rose to 50.3 in December from November’s 50.1, China’s National Bureau of Statistics said Friday. The result beat
Daily Trade
Novavax (NASDAQ:NVAX) stock should be surging upward soon. There is plenty of rational reason to believe that Novavax shares should go on a sustained upward run. Source: Ascannio/Shutterstock.com The most important news comes in the form of World Health Organization nods of approval for Novavax’s vaccine protocol. That’s the best place to begin, but
U.S. stocks rose modestly Thursday morning, with the S&P 500 index and the Dow extending their march to fresh records to cap 2021, as investor buying is driven, at least partly, by the belief that an omicron-fueled spread of COVID won’t do lasting damage to the economy. Investors are watching the final economic reports of
It’s been a stressful year for pot-stock traders, to say the least. A case in point would be Canadian cannabis company Sundial Growers (NASDAQ:SNDL), as SNDL stock dropped almost as quickly as it popped in 2021. Source: Jetacom Autofocus / Shutterstock.com Part of the problem is that the market has been fickle lately. One month, Reddit traders are pushing
Shares of Beijing Chunlizhengda Medical Instruments Co. dived in their Shanghai debut on Thursday, after the company raised 11.46 billion yuan ($1.80 billion) from a secondary listing on China’s Nasdaq-like Star Board. The stock lost as much as 9.4% to CNY27.01 a share, sharply down from its offering price of CNY29.81. Beijing Chunlizhengda’s Hong Kong-listed
Palantir (NYSE:PLTR) stock is a thoroughbred growth stock. It has an asset-light business model, solid government contracts, and a staggering amount of cash. Source: Ascannio / Shutterstock.com In recently reported earnings, it hit the ball out of the park once again. Both revenue and earnings figures beat analyst estimates. And guidance was also upbeat. Then
U.S. stocks lost altitude mid-morning Wednesday, with the Nasdaq Composite Index turning negative as Treasury yields climbed toward one-month highs. However, the Dow industrials were holding on to a small gain after punching into record-close territory near the session’s opening trade. The omicron variant of COVID continues to serve as a focus for investors, but
Fisker (NYSE:FSR) made a big announcement on Dec. 20. While the news probably won’t do anything for FSR stock, I think it’s cool. Source: Eric Broder Van Dyke / Shutterstock.com According to its press release: “Fisker will launch exclusive digital art NFTs of original pen-on-paper sketches from the hand of Founder and Chief Designer, Henrik
Elon Musk sold another $1 billion worth of Tesla Inc. stock Tuesday, as he closes in on his goal of divesting 10% of his stake in the electric-vehicle maker. According to filings Tuesday with the Securities and Exchange Commission, Musk sold about 934,000 shares, worth about $1.02 billion. He also exercised options on 1.55 million
I love my iPhone. I can do everything on it. Send messages. Call folks. Read the news. Trade stocks. Watch videos. Play games. Source: Andrush via Shutterstock My iPhone is great. But, as much as I love it, I’m also tired of it. I mean, Steve Jobs introduced the iPhone to the world back in
U.S. stock benchmarks traded mixed but were mostly edging higher Tuesday morning, with the S&P 500 on track for a record close — its 70th of 2021—as investors look toward 2022 with optimism, despite record COVID-19 cases, aided by the spread of the omicron variant. How are stock-index futures trading? The S&P 500 SPX, +0.15%
After a sharp move lower, Matterport (NASDAQ:MTTR) stock is bouncing back. “Meta madness” sent it zooming higher in November. But with the omicron and Federal Reserve fueled growth stock selloff earlier this month, investors bailed on this spatial data platform operator. Source: Matterport Trading for as much as $37.60 on Dec. 1, it fell to as
Apple Inc. closed 11 retail stores in New York City for an undetermined amount of time Monday amid a surge in the omicron variant of COVID-19. “We regularly monitor conditions and we will adjust our health measures to support the well-being of customers and employees,” Apple AAPL, +2.30% said in a statement Monday. “We remain
At one point, Skillz (NYSE:SKLZ) stock was supposed to be the hot new thing in the online gaming industry. By letting players compete for real cash prizes, it would bridge the gap between gambling and e-sports. Or that was the idea, anyway. Source: NYCStock / Shutterstock.com Skillz stock hit $46 at one point early in
U.S. stock benchmarks rose Monday, with gains in technology shares helping to establish an intraday record for the S&P 500, which could lead to its 69th record close of 2021. But premarket trading showed travel-related names under pressure after surging COVID-19 cases triggered hundreds of U.S. flights to be scrapped. How are stock benchmarks trading?
Months after the special purpose acquisition company (SPAC) bubble burst, investors are still shying away from these assets. We’ve seen this play out with both SPAC stocks that have “de-SPACed” and companies with deals still pending. Granted, among de-SPACed names, some are still up big from their initial offering price (typically $10 per share.) For
China’s industrial profits increased at a slower pace in November, official data showed Monday, as raw material producers faced softer commodity prices. Industrial profits in November rose 9.0% from a year earlier, compared with October’s 24.6% increase, said the National Bureau of Statistics. For the January to November period, China’s industrial profit grew 38.0% on
New Mexico-headquartered Virgin Galactic (NYSE:SPCE) was famously founded by billionaire Richard Branson with a vision of taking people who aren’t necessarily professional astronauts into space. It’s an intriguing business model — one you’ll need to believe in if you plan to hold SPCE stock for the long term. Source: Christopher Penler / Shutterstock.com So far, it
Take a cruise during a pandemic at your peril. Some passengers on the Florida-based Carnival Freedom CCL, -0.24% cruise ship were crying foul over their curtailed Christmas-cruise schedule due to an undisclosed number of passengers testing positive for COVID-19. It’s the third Florida-based cruise ship with passengers who tested positive for the coronavirus this past
BlackBerry (NYSE:BB) has been under strong selling pressure in the last month. However, the meme stock is still up 38% year-to-date. But with BB stock down 8.9% in the last month and investors getting ready to turn the page on 2021, should speculative investors remain patient while BlackBerry’s business model comes to fruition? Source: Shutterstock