As ContextLogic (WISH) struggles, WISH stock continues to rattle around its all-time low close. WISH is now a penny stock, down 50% so far in 2022 and off its 2021 all-time high close by more than 90%. Investors should not mistake WISH stock as an opportunity to get into an e-commerce leader at an incredibly
Financial advisors who are also brokers are reimbursed by mutual fund companies when one of their clients invests in a fund the company sponsors. In such cases, the financial advisor receives a trailer fee, which is a fixed percentage of the client’s investment in a mutual fund, as long as the client’s money remains invested
You may want to put a bit more money aside for mom’s carnations this Sunday. Because, just like everything else, flowers are getting more expensive. For Mother’s Day on May 9, the National Federation of Retailers, a trade organization, predicts that people will spend up to $31.7 billion, up 12% on last year. The group
EV upstart Lucid Motors (NASDAQ:LCID) delivered a strong earnings beat with its first-quarter results. Investors were lackadaisical, though, as LCID stock shed close to 12% of its value on its post-earnings sell-off. Analysts were expecting the EV firm to lose 31 cents per share on sales of $55.6 million. However, actual results came in significantly
Jerome Powell, Federal Reserver Governor. Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than two decades, as it seeks to tame inflation. The central bank’s actions mean that, in an era of sharply rising prices for everything from food
In this article UAA PTON A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading Friday. Peloton — Shares of
Speaker and sound equipment maker Sonos (NASDAQ:SONO) has been overtaken with static over the past year. SONO stock has slipped more than 40% over the past 12 months following a sizable rally during the Covid-19 pandemic. With the recent dip to $21 per share, Sonos is now trading back to around the original $20 level it
Business development companies (or BDCs) offer generous yields to income investors. Great Elm Capital (GECC) is a BDC that makes loans and middle market investments. Newtek Business Service (NEWT) provides financial and business services to small and medium-sized businesses in the U.S. Capital Southwest (CSWC) offers credit and private equity investments in middle market companies,
With SoFi (NASDAQ:SOFI) likely to continue to be hurt by the Biden administration’s policies on student loans and the company still facing many other tough challenges, I am still recommending that investors sell SOFI stock. As Seeking Alpha columnist Business Quant explained in a recent column on SOFI stock, the moratoriums on student loan payments
Everyone knows that investment banking is a lucrative field. Entry-level jobs quickly provide six-figure salaries. Senior investment bankers earn tens of millions of dollars every year. Getting to the top of this field is a multi-step process that requires a combination of education, ambition, hard work, skill, experience, connections, and sometimes more than a little
El Pollo Loco Holdings Inc. reported first-quarter sales that beat expectations, and says the second quarter is off to a strong start thanks to a limited-time Shredded Beef Birria menu item. El Pollo Loco’s take on the food trend is shredded beef served in tacos, quesadillas and burritos with consomé dipping sauce, chips and salsa.
What happened to Snap (NYSE:SNAP) stock? Over the last month, shares of Snapchat’s parent company are down 30% in the last month. That’s worse than every other social media stock. It wasn’t that long ago that SNAP stock was running high, coming off a historic fourth-quarter earnings report in which it reported its first quarterly
In this article BLK SPY TSLA Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a
In this article SPCE LYV SG DBX ZG DASH A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Block — Shares rose more than 5% after hours despite Block missing
After a Q1 earnings miss lass week, Alphabet (GOOG, GOOGL) stock is trading just above 2022 lows. YouTube ad revenue dropped, but the company still grew overall revenue 23% and its Pixel hardware could become more of a factor going forward. Investors should take advantage of the long-term growth potential of GOOG stock while it
Fisker (NYSE:FSR), an electric vehicle (EV) maker that wants to create the most sustainable cars in the world, recently reported its first-quarter 2022 financial results. It also provided updates on its production plans. Now, investors may be wondering if FSR stock is a buy. I argue it is not for the following reasons. First, Fisker
You’re supposed to receive a receipt for everything you purchase, but do you get a receipt for what might be your largest monthly expense? If you’re renting, you might be paying tens of thousands of dollars annually and without having actual proof that you paid anything at all. There are plenty of reasons why you
By Maria Martinez German industrial production fell sharply in March due to an intensification in supply-chain problems and higher input prices. Total industrial output–comprising production in manufacturing, energy and construction–fell 3.9% in March compared with the previous month in calendar-adjusted terms, statistics office Destatis said Friday. Economists polled by The Wall Street Journal had forecast
ChargePoint (NYSE:CHPT) is a California-based company that provides electric vehicle (EV) charging networks and charging solutions. The company went public via a special-purpose acquisition company (SPAC) and was initially highly popular with traders. CHPT stock shot up as high as $45 in late 2020 following the launch of its SPAC deal. Since then, however, ChargePoint has
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Stablecoins are cryptocurrencies that aim