Falling knife or bottom fisher’s buy? That’s the debate among investors and market pundits when it comes to AT&T (NYSE:T). Sinking around 21% this year following a negative reaction by dividend investors to its restructuring plans, on one hand T stock looks like a deep value play. Source: Roman Tiraspolsky / Shutterstock.com At least, that is
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ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020. In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK
It’s the disclosure that everyone interested in the investment markets were waiting for. As InvestorPlace financial news writer Samuel O’Brient noted, the Federal Reserve recently met to discuss current economic challenges, particularly the soaring inflation rate. While the subsequent answer soothed benchmark indices, it leaves a question mark for SoFi Technologies (NASDAQ:SOFI), particularly as SOFI
Officials worked to shore up testing and healthcare capacity, as new COVID-19 infections hit a daily record in New York state and the Omicron variant added new risks to the pandemic response across the U.S. New York Gov. Kathy Hochul said Friday that the state recorded 21,027 new Covid-19 cases, surpassing the previous record of
Facebook, now known as Meta Platforms (NASDAQ:FB), is still the same company we’ve all known for years in some respects. For example, Mark Zuckerberg is still the CEO and the company still trades on Wall Street as FB stock (although the ticker may change in early 2022). Source: Blue Planet Studio / Shutterstock.com Also, the Facebook social
Rivian Automotive Inc. stock tanked late Thursday as the electric-vehicle maker posted its first financial snapshot as a public company, reporting mounting losses and facing headwinds from supply-chain snags and a tight labor market. Rivian RIVN, -5.33% said it lost $1.2 billion, or $12.21 a share, in the third quarter, compared with a loss of
We’re past the point of denial about meme stocks. What looked unsustainable nine months ago is proving to have staying power. Retail investors continue to identify their favorite stocks and drive up the price. The bullish case for meme stocks says that retail investors, with more research available to them than ever before, are willing
Dear Quentin, I think I am being more than fair relative to sharing expenses while living in my girlfriend’s house, but I could use a little perspective. My 59-year-old retired girlfriend is well-off. Her lakefront home with an extra buildable lot, her Florida condo, and her residential and commercial rental properties are all paid off,
As the year winds to a close, stockholders are looking towards top investing trends for 2022. Savvy investors know that staying on top of emerging trends is important. Every other day, we see renewed calls for a steep market correction. Nowadays, many people invest like crazy when they hear about something new coming out from
Oil futures rose Thursday, with investors shaking off worries about the omicron variant of the coronavirus after upbeat data on U.S. inventories and implied demand. West Texas Intermediate crude for January delivery CL00, +0.27% CLF22, +0.27% rose 57 cents, or 0.8%, to $71.44 a barrel on the New York Mercantile Exchange. February Brent crude BRN00,
DigitalOcean (NASDAQ:DOCN) stock is a growth name in a time of value. DigitalOcean nearly matched its 2020 revenue in the first three quarters of 2021. Its losses are narrowing and operating cash flow has skyrocketed. There’s nothing wrong with the cloud hosting company’s operations. Source: monticello / Shutterstock.com What’s wrong is its valuation in the
The big news from the Federal Reserve’s meeting Wednesday wasn’t that it’ll stop buying bonds to stimulate the economy or that it’s now signaling three increases in its benchmark lending rate in 2022. Those short-term policy decisions had been well-telegraphed by Fed officials over the past month. No, the big surprise is that the gargantuan,
Moderna (NASDAQ:MRNA) stock is dropping after results for its mRNA flu vaccine is underwhelming investors. However, in my opinion, the real problem is that the flu underwhelms investors. Source: Ascannio / Shutterstock.com Since the Moderna vaccine was given an emergency use authorization in November 2020, there have been numerous critics. I’ve heard arguments that the mRNA
Former Treasury Secretary Larry Summers was right that inflation would prove longer lasting than Federal Reserve and White House officials believed at the beginning of the year. Now Summers says the Fed, which is likely on Wednesday to forecast multiple interest rate hikes next year, will have a hard time putting the inflation genie back
Upstart (NASDAQ:UPST) has been one of this year’s top performers. Shares of UPST stock are up over 260% year-to-date (YTD), from around $40 at the start of 2021 to $151 as of the close of Dec. 13. Source: Postmodern Studio / Shutterstock.com You probably wouldn’t realize that if you’ve just tuned into the Upstart story, however.
Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. For nearly two years, borrowers with federal student loans have had a reprieve from monthly bills thanks to a pandemic-related pause on student loan payments, interest and collections that’s been in place since March 2020.
Biofrontera (NASDAQ:BFRI) is working to clear up skin lesions that can appear after a lifetime of Sun and fun. Since BFRI stock went public in late October at $5 a piece, shares are up more than 36%. Source: Pavel Kapysh / Shutterstock With revenue up 45%, anticipation surrounding third-quarter earnings helped fuel the rise. So
It was quite the Manic Monday, with not just the S&P 500 suffering its worst single-day performance in nearly two weeks, but retail favorites such as meme stocks GameStop and AMC Entertainment getting battered. Thomas Lee of Fundstrat made three points. No investor wants to go risk-on into the Federal Open Market Committee meeting, equities
As much as I’d like to pitch three bullish ideas, Monday’s market meltdown doesn’t allow it. My watch list is a sea of red, and the usual suspects are tumbling. Reopening plays, small caps, once-loved-now-loathed growth stocks — down, all down. I’ve scanned the top losers on the session and found plenty of fodder for
Tornadoes in December are unusual, but not unheard of. Yet the distance of the destructive path for a single twister during this weekend’s deadly weather broke a century-old record. Are tornados linked to climate change, similar to how devastating heat, wildfires, droughts and floods have intensified with a warming Earth? Should we get used to