The Robinhood website home screen on a smartphone. Gabby Jones | Bloomberg | Getty Images Restrictions on Robinhood traders are still tight and getting tighter throughout the day on Friday, now only allowing GameStop holders to buy a single additional share. The stock trading app has also expanded its list of restricted stocks from 13
Traders work on the floor of the New York Stock Exchange. NYSE Earnings news from Amazon and Alphabet, the important January jobs report and Washington’s discussion of stimulus could all be important to markets in the week ahead, but none of it is likely to get more attention than the short squeezes driven by retail
Elon Musk has been hailed as a genius. He’s also been dubbed a “modern-day Tony Stark.” And, at this point, few would deny that he’s a talented entrepreneur. However, some amount of his notoriety is the result of his antics, especially his performances on the social media platform Twitter. In 2018, on April Fool’s Day,
Airbnb (NASDAQ: ABNB) had a successful IPO debut on Dec. 10, amid uncertainty for the global travel industry during the pandemic. It is too early for Airbnb to prove if the enthusiasm about its stock is justified. The company has not yet released its first earnings report since it went public. But focusing on logic
While a return to normal is still a distant reality, investors are relying on the biggest pandemic trends when looking at hot stocks to buy for 2021. The Covid-19 pandemic made seismic changes to the way we live our lives. Of course, some trends will eventually fade away. But others are here to stay for
Producing sustainable and growing income over time from dividend stocks can be accomplished in a variety of ways. One way that many investors may not think of right away is Dividend Reinvestment Plans, or DRIPs. A DRIP is a way for investors to simply and automatically reinvest their dividends from a stock back into buying
There is no doubt that Tesla’s (NASDAQ:TSLA) cars grab attention on Main Street. However, the fringe of its stock fans are more finicky. They fall in and out of love with Tesla stock rather quickly. Case in point? Two days ago, everyone loved TSLA and then management reported earnings. They missed one mark by a
The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm. Shares of GameStop, the videogame retailer, have climbed more than 900% since the start of the year after members of a Reddit community called WallStreetBets banded together in
The Reddit forum WallStreetBets logo on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021. Brent Lewin | Bloomberg | Getty Images What’s next for the Reddit crowd? Wall Street seems unsure. The “blow-out-the-short-sellers game” is showing signs of exhaustion, but the ramifications are only just being felt. What traders can’t agree on is
Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker’s shares jumped nearly 12% premarket on news that the Food and Drug Administration has extended the review period by three months for its experimental Alzheimer’s treatment aducanumab. Biogen is providing additional data to the FDA as part of
WallStreetBets and its 3.1 million followers are fighting back against short-selling hedge funds and winning.
Visionary entrepreneur Elon Musk is the co-founder of PayPal (PYPL) and Tesla Motors (TSLA) as well as the founder of SpaceX. His astounding success has given rise to comparisons of Musk and Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. Amid an often difficult childhood, Musk developed a relentless work ethic (he is known to work
Sundial Growers (NASDAQ:SNDL) is a Canadian producer and distributor of cannabis products. Like many other Canadian cannabis companies, it stands to benefit massively if marijuana becomes legal across the board in the United States. That would be a huge boon for SNDL stock. Investing in Sundial, however, has more risks than potential benefits. For one,
Shares of Tesla (NASDAQ:TSLA) dropped slightly after the EV maker reported fourth-quarter numbers which beat on the top line, but missed on the bottom line. As of this writing, TSLA stock is down about 3% on the day. Zooming out, the Tesla earnings miss is much ado about nothing. Source: Sheila Fitzgerald / Shutterstock.com And
The hottest investment of 2021 is on track to be the same as the hottest investment of 2020. Source: Shutterstock In fact, the reemergence of the Special Purpose Acquisition Company — or SPAC — may have been the most significant investment story of last year. If January is any indication, this fire is still burning
Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the company and its millions of users. “In order to protect the firm and protect our customers we had to limit buying in these stocks,” Tenev told CNBC’s Andrew Ross Sorkin Thursday evening. “Robinhood is
Visa and Mastercard credit cards. Getty Images Check out the companies making headlines after the bell: Visa — Shares of the payments giant rose 1% in extended trading on Thursday after beating on the top and bottom lines of its quarterly results. Visa reported earnings per share of $1.42 on revenue of $5.69 billion. Wall
Your paycheck and pay stubs contain a variety of information about your income and the amounts your employer deducts from it, such as for taxes and insurance coverage. One item you may notice is group term life insurance, or GTL for short. If you see GTL or a similar reference to group term life on
On Wednesday, Jan. 27, President Joe Biden issued a slate of new executive orders aimed at addressing climate change. The actions freeze new oil and gas leases on public lands and put Exxon Mobil (NYSE:XOM) stock in an awkward position. Source: Harry Green / Shutterstock.com As the largest of the world’s eight “oil-majors,” Exxon has long
Inspired by the Reddit forum WallStreetBets’ success in driving a never-before-seen meteoric rally in heavily shorted GameStop (NYSE:GME) stock, retail investors have waged an all-out war against short-sellers, piling into heavily shorted stocks all across the market and sparking short squeezes in many of these names. Some of these so-called “short-squeeze stocks” are doubling, tripling