The shining momentum for ContextLogic (NASDAQ:WISH) came and left in a hurry in June. Meme traders, where traders depicted stock buys with an image and a few words, lifted WISH stock. After ContextLogic posted results on August 12, any positive momentum all but evaporated. That is bad news for speculators, who thrive on trading volume.
Daily Trade
One of the best things about being a hypergrowth investor is that I get to constantly study the world of tomorrow. In so doing, I’m always uncovering exciting new investment trends oozing with potential. And just last week, I uncovered a booming tech industry that I’m willing to bet you’ve never heard of before. Yet,
The number of COVID-19 hospitalizations in the U.S. has been slowly ticking up, and new data shows that 100,000 people are currently hospitalized with COVID-19, a figure that is on track with hospitalizations over the winter. The rapid spread of the delta variant, combined with the rollback of mitigation measures like social distancing and mask
The Original BARK Company (NYSE:BARK) would be the ideal stock for me as a dog lover if two conditions were met unconditionally. First and foremost, if I were living in the U.S. And second, if I was an investor acting on emotions, getting carried away by the company and its fancy products instead of doing
Federal regulators are likely to approve a COVID-19 booster shot for vaccinated adults starting at least six months after the previous dose rather than the eight-month gap they previously announced, a person familiar with the plans said, as the Biden administration steps up preparations for delivering boosters to the public. Data from vaccine manufacturers and other
While Canada becoming the first G7 nation to legalize recreational marijuana represented a boon for cannabis firms like Tilray (NASDAQ:TLRY), the long-term goal has always been breaking into the U.S. Let’s face facts. With a population of under 38 million, Canada just doesn’t have the economic clout that stakeholders of TLRY stock are looking for.
Johnson & Johnson is the latest drug maker to make the case that an extra dose of its COVID-19 shot can help boost antibody levels—by at least nine times that of the levels recorded 28 days after initial vaccination. J&J JNJ, -0.60% has been quiet about booster shots, especially compared with the public comments in
Poshmark (NASDAQ:POSH), the new and second-hand clothing online store, produced excellent earnings for its second quarter ending June 30 on Aug. 10. With that in mind, here is the bottom line: POSH stock is worth at least 55% more at $41.20, compared to its price as of Aug. 21 of $26.53. Source: NYC Russ /
Washington Post writer Gene Weingarten, a two-time winner of the Pulitzer Prize, is under fire for a column in which he decried Indian food — specifically, Indian curries — as being foul-tasting. “It is as though the French passed a law requiring a wide swath of their dishes to be slathered in smashed, pureed snails,”
InvestorPlace’s Brenden Rearick reported on Aug. 17 that Renaissance Technologies upped its stake in AMC Entertainment (NYSE:AMC) in the second quarter by 260%. The hedge fund now owns more than 1.8 million shares of AMC stock. Source: Helen89 / Shutterstock.com Jim Simons, the billionaire who runs the hedge fund, seems to be saying yes to
The good thing about equity mutual funds is they are managed by professionals. These folks should be (better be) well-qualified to judge which stocks are attractive bets. The bad thing about funds, besides the fees, is that you don’t have much control over taxes. That’s because the fund — not you — decides which of
At the end of June, I wrote about Ocugen (NASDAQ:OCGN) and OCGN stock. I said that at $8.35, it was ridiculously overvalued. I also said if it were worth $8, I’d eat my hat. Source: Shutterstock Naturally, once OCGN stock blew through $8 on Aug. 9, I’d hear from the peanut gallery about my statement.
The leaders of some of the nation’s largest companies will meet with President Joe Biden on Wednesday to discuss ways to improve cybersecurity, Bloomberg News reported late Monday. Apple Inc. AAPL, +1.03% Chief Executive Tim Cook, Amazon.com Inc. AMZN, +2.06% CEO Andy Passy and Microsoft Corp. MSFT, +0.10% CEO Satya Nadella plan to attend the
For folks who are unaware, I run a cryptocurrency-focused research advisory called Crypto Investor Network with legendary early Bitcoin investor Charlie Shrem. Together, we’ve created a blockbuster portfolio of crypto picks that, in less than a year, has an average return of 174% per pick. Yes. You read that right. Our crypto picks have risen,
Trying to connect the events in Afghanistan to world financial markets hasn’t been easy. The Afghan economy, whether under the rule of the Taliban or not, is too small to matter globally, and in fact is even more sidelined with the U.S. freezing over $9 billion in Afghanistan central-bank assets. There is one view that
One of the biggest meme trades — or at least trades that have “meme-ish” qualities — Castor Maritime (NASDAQ:CTRM) lit up the charts earlier this year. Starting off at $1.86 on the first close of January, CTRM stock finished the Feb. 11 session at $17.30, a nearly 10X move in the space of a month-and-a-half.
U.S. Surgeon General Dr. Vivek Murthy again criticized the role of social media in spreading COVID-19 misinformation Sunday, a day after Facebook Inc. quietly released a delayed report on its top-performing links. “The speed, scale and sophistication with which [misinformation] is spreading and impacting our health is really unprecedented,” Murthy said Sunday morning during an interview
Faster isn’t always better. But in the world of making money, faster is often better. Because, let’s face it, we all have a certain amount of time on the clock. No one is going to live forever. And so, the faster we earn big money, the more we can enjoy the liberties and luxuries that
MARKETWATCH FRONT PAGE Consumers’ sentiment is a contrarian indicator, so their current pessimism is bullish for stocks. See full story. Buy the pullback in chip stocks — and focus on these 6 companies for the long haul The iShares Semiconductor ETF is down over 6% from recent highs, much more than the S&P 500. See
Social commerce platform operator Poshmark (NASDAQ:POSH) is a popular destination for shoppers to buy and sell second-hand products, or even hold virtual shopping parties. It’s an interesting business model, and while some folks don’t have POSH stock on their radar, perhaps they ought to. Source: NYC Russ / Shutterstock.com After all, as reported earlier this year