Daily Trade

Meta Platforms (NASDAQ:META) stock has surged 150% in 2023. But most of the gain isn’t based on reality. Instead, Meta has gone from being one of the most-hated stocks on Wall Street to one of the most loved, thanks to artificial intelligence. At the start of 2023, Meta stock was bouncing around the 120s. It

Investors were jolted by a stronger-than-expected retail sales report on Tuesday, which underscores the dual-edged sword now facing markets. July’s 0.7% surge in retail sales is helping to bolster the view that a resilient U.S. economy can avoid a recession, despite more than a year of rate hikes by the Federal Reserve. However, the data

Certain stocks have surged this year, with hyper-growth tech companies seeing some of the biggest gains. The three companies listed below have highlighted what momentum can mean for sustained moves higher, even though these stocks are all down at least 10% from their all-time highs, at the time of writing.  Many investors question whether this

China has decided to halt the release of youth unemployment figures, a month after data showed they reached a record high. “The economy and society are constantly developing and changing. Statistical work needs continuous improvement”, Fu Linghui, a National Bureau of Statistics spokesman, told a news conference in Beijing, according to the BBC. The unemployment

Treasury yields finished higher on Monday, sending the policy-sensitive 2-year rate to a one-month high, as traders reassessed the prospects for U.S. inflation in coming months. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 7 basis points to 4.963% from 4.893% on Friday. Monday’s level is the highest since July 6, based on

On this day in 1935, President Franklin D. Roosevelt signed the nation’s first major social insurance program into law. In the 88 years since then, Social Security has provided bedrock financial security for generations of retirees, people with disabilities, and their families.  In 1940, the year the first Social Security checks were issued, there were

Recent industry and macro factors caused Nvidia (NASDAQ:NVDA) stock to dip, sparking concerns about its 2023 rally. Despite a slight decline, don’t dismiss the ongoing generative AI mega trend driving its powerful performance.  That said, investors should recognize the limits of Nvidia’s growth potential despite the market’s enthusiasm for AI. While NVDA benefits from AI

Are you on mute? That may be the least of your worries. Hundreds of millions of people used video-conferencing services like Zoom and Google Meets during the pandemic, but workplace experts say they may be getting lazy, daydreaming during virtual meetings even while they’re logged in, and jeopardizing their professional relationships and career prospects. In

Last week, meme investors “discovered” Rite Aid (NYSE:RAD), sending its shares up 70%. The Wall Street Journal would quickly give the company a meme stock crown. For most traditional investors, Rite Aid looks like a terrible bet. The struggling drug retailer hasn’t been profitable since 2017, and a deal five years ago to sell 1,932

Dear Quentin, My family is dealing with a significant shock. My brother, my sister and I have just found out that our elderly father secretly married his caregiver five years ago and never told us. We have a thriving family-owned business, and our father’s wealth is in the hundreds of millions of dollars. This caregiver

Investors should expect a steep selloff among artificial intelligence stocks, as Wall Street cashes in on the high valuations many companies in this sector provide. On the other hand, some high-potential AI names remain overlooked, and the recent AI craze has done little to uplift their valuation. Thus, as the rally cools, smart investors will

There’s more than one way to interpret the impact that Treasury yields can have on U.S. stocks. Ed Clissold, chief U.S. strategist, and Thanh Nguyen, senior quantitative analyst, for Ned Davis Research described three scenarios in which the direction of short- and long-term bond yields and their moves relative to one another have produced “interesting

While Upstart (NASDAQ:UPST) focuses on artificial intelligence in 2023, the company isn’t just jumping on the AI bandwagon. UPST stock earns a solid “B” grade because Upstart is deploying its technology in a useful and interesting way. Financial traders should weigh their tolerance for risk before considering an investment in Upstart. What Upstart seeks to achieve

Rents in Manhattan surged to a new record high in July. For the typical renter hoping to live in the city, that could mean spending more than half their paycheck on rent alone. Monthly rents in Manhattan rose to a record-high average of $5,588 in July, according to Miller Samuel and Douglas Elliman’s latest rental

SoFi Technologies (NASDAQ:SOFI) is a banking sector disruptor that’s garnered a lot of attention on Wall Street. Opinions vary, but one notable theme among analysts is that SOFI stock looks overvalued. I tend to agree, and while I like SoFi Technologies as a company, I recommend that prospective investors wait for the share price to come

The World Health Organization has upgraded COVID-19 variant EG.5 to a variant of interest, or VOI, from a variant under monitoring, or VUM, as it continues to become more prevalent around the world. The variant — which has been nicknamed Eris by some media, following the Greek-alphabet designation used for other variants — has been

As the EV landscape shifts, investors considering Lucid Group (NASDAQ:LCID) stock for its recent strong performance have been rewarded. Momentum has taken LCID stock on a bumpy, but upward ride this year. And while Lucid has seen its valuation come down from its peak in Q1, there are reasons some investors remain very bullish on

When the Supreme Court struck down the constitutional protection for women’s right to have an abortion, some companies said they would subsidize travel if a worker needed to leave her state to end a pregnancy. Those announcements have resulted in a “complicated trade-off” for businesses trying to attract workers and hold onto them, according to

Shares of Massachusetts-based T2 Biosystems (NASDAQ:TTOO) surged another 30% this week on meme stock interest. According to financial data provider Fintel.io, retail ownership has now risen over six-fold since last month. In a sense, T2’s rapid ascent comes as no surprise. Shares of the highly shorted healthcare firm have risen 110% since the start of

U.S. stocks were struggling for direction Thursday afternoon, with earlier gains largely fading, following a July report showing inflationary pressures for consumers remained relatively subdued last month. What’s happening The Dow Jones Industrial Average DJIA was up 83 points, or 0.2%, to 35,208. The S&P 500 SPX rose 3 points, or 0.1%, to 4,470, after