Daily Trade

American Express Co. exceeded $50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of profit expectations for the fourth quarter, it delivered an upbeat earnings outlook for the full year ahead. American Express AXP, +10.54% also

As with stocks across the board in the electric vehicle sector, investors have been warming back up to Nio (NYSE:NIO) since the start of the new year. So far in January, NIO stock has rallied by more than 26%. Although factors like Tesla’s (NASDAQ:TSLA) vehicle price cuts weighed on shares in the China-based EV maker

The Wall Street establishment doesn’t want you to read this article, and I’ll tell you why. If you’re an investor and not getting all the returns you deserve, there are lots of possible reasons. Perhaps the biggest one is that Wall Street likes it that way.  Giant firms like Goldman Sachs, BlackRock, Morgan Stanley and

Today, few are holding out on Lucid Group (NASDAQ:LCID) as a possible Tesla (NASDAQ:TSLA) in the making. As you may recall, the SPAC predecessor to LCID stock hit prices nearing $65 per share around two years ago, on expectations that this EV startup was going to be the ultimate Tesla killer. Since then, changing economic

The U.S. stock market, as measured by the S&P 500 Index SPX, +1.10%, has been volatile on an intraday basis, but net gains and losses have been small. Several minor support and resistance levels have been negated, as the S&P 500 has traded through them in both directions. Yet major support and resistance levels are

On Tuesday, shares of Grom Social (NASDAQ:GROM) spiked 60% on a short squeeze. According to data from Fintel, short share availability dropped from 80,000 to 0 within several hours. At first glance, Grom Social’s rise looks much like a run-of-the-mill meme pump. The company had around 58% of its free float sold short at the

As supply chain issues linger, airlines will be relying on servicing of existing fleets to keep up with continued customer demand in 2023, and Rolls-Royce Holdings PLC is well placed to tap into that. That’s according to Deutsche Bank, which upgraded Rolls-Royce RR, +2.01% to buy from hold on Thursday, lifting its target price to

On Friday, Italian e-scooter firm Helbiz (NASDAQ:HLBZ) joined Genius Group (NYSEMKT:GNS) in cracking down on short sellers. “The recent underperformance of our shares compared to the market is a clear indication of the illegal short selling activities that have taken place,” said CEO Salvatore Palella in his strongly worded press release. “We will not tolerate

The Bank of Canada, as expected, raised its key interest rate by a quarter of a percentage point Wednesday, but surprised traders as it signaled a readiness to put further hikes on pause if the economy cooperates. The prospect of a series of aggressive interest rate increases coming to an end served to weaken the

As we get into earnings season, the investment calendars are starting to fill up. That has investors wondering what the hot stocks for tomorrow will be. While it helps that the Federal Reserve has entered its blackout period, it doesn’t help that we will have a Federal Open Market Committee (FOMC) meeting in early February.

EasyJet PLC said Wednesday that it expects to beat fiscal 2023 market consensus for pretax profit after first-quarter revenue rose, and that booking strength continues across the second quarter and into the summer season. The U.K. low-cost carrier EZJ, +9.19% said it expects to beat market consensus of a pretax profit of 126 million pounds

The dust seems to be settling when it comes to Rivian Automotive (NASDAQ:RIVN). Thus far in 2023, RIVN stock has moved down just 2%. In the eyes of investors, the worst may appear to be priced in. As you may recall, RIVN collapsed in price during 2022, as investors responded to high inflation, rising interest

““The only thing we have seen, and this is in a proprietary view, Deane, is obviously, freight has softened here as the short-cycle economy has done the same.”” — GE CEO Larry Culp to RBC Capital Markets analyst Deane Dray That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing

Could China-based electric vehicle (EV) manufacturer Kandi Technologies (NASDAQ:KNDI) be a hidden gem in your portfolio for the next three years? It’s worth considering, as KNDI stock is low now and has been much higher. Besides, Kandi is staking a claim in a niche EV market while also improving its bottom line. Kandi Technologies isn’t

Swatch Group AG said Tuesday that it expects to achieve a record year in 2023 in light of China’s reopening, as it posted higher sales and net profit for last year. The Swiss watchmaker UHR, +1.12% said net profit for 2022 stood at 807 million Swiss francs ($875.5 million) compared with CHF765 million in 2021.

After a rough 2022, smart investors know when to make the most of an opportunity. Look no further than beaten-down fintech companies, for example. At the moment, there’s a growing need for contactless payment solutions. Plus, there’s rising demand for “Buy Now Pay Later” services. Leading BNPL provider Affirm Holdings (NASDAQ:AFRM), for example, is in focus

Danone, the food conglomerate behind yogurt and milk brands Activia, Dannon, Oikos and Horizon Organic, aims to cut Earth-warming methane emissions from its fresh-milk supply chain by some 30% over the next seven years. The scope of the reduction and the reach of this international food concern is significant, climate-change analysts said. France-based Danone BN,

SoFi Technologies (NASDAQ:SOFI), like other speculative growth stocks, has rallied thanks to the latest signs that inflation is easing. In recent trading days, SOFI stock has climbed back out of “penny stock territory,” (under $5 per share). Shares could also continue to inch higher over the next two weeks or so, ahead of the fintech

After slowing its pace of hiring last year, Spotify Technology SA is planning layoffs as soon as this week, according to a new report, adding to the wave of jobs cuts sweeping across the tech industry. Citing people familiar with the plans, Bloomberg News reported late Sunday that the streaming music service faces imminent job

Countless firms across America have begun to fire workers after two years of generally robust labor force growth. Firms had largely been reluctant to fire workers despite weaker-than-expected economic momentum in the first half of 2022 due to the difficulty of finding qualified workers, as the pandemic led to a decline in the labor force.