Text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and de...
Tag: Disruptions
Royal Caribbean, Netflix, and 3 Other S&P 500 Stocks Hit Hard This Quarter
Text size Royal Caribbean and cruise ship competitor Carnival were the leading S&P 500 decliners during the second quarter. Sebastien Salom-Gomis/AFP via Getty Images What a quarter. A lot happene...
NIO Says Short-Seller Report ‘Without Merit.’ The Stock Slumps.
Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen/Bloomberg NIO stock dropped more than 12% in Hong Kong on Wednesday after the company denied a repo...
Axsome Therapeutics Stock Soars on Proposed FDA Labeling for Depression Drug
Text size Axsome is reviewing the proposed labeling from the FDA. Dreamstime Shares of Axsome Therapeutics were soaring Monday after the biopharmaceutical company announced some good news in an attemp...
Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds
Robinhood Markets struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded,...
Smith & Wesson stock soars as Supreme Court ruling boosts ‘pretty big’ part of gun maker’s business
Shares of Smith & Wesson Brands Inc. rallied again Friday, as better-than-expected earnings and a dividend hike followed a decision by the Supreme Court of the United States to strike down a New Y...
GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain
Text size GM has been showing off its Cadillac Lyriq SUV electric vehicle, priced like Tesla’s Model Y. Courtesy of Cadillac Inflation, rising interest rates, and recession fears have all conspired ag...
Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut
Updated June 24, 2022 5:12 pm ET Listen to article (2 minutes) Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker co...
EV Newcomer Polestar Stock Has a Big and Wild First Trading Day
Text size Thomas Ingenlath, CEO of Polestar AB, will run the new company. Krisztian Bocsi/Bloomberg The merger of the special-purpose acquisition company Gores Guggenheim and the electric-vehicle make...
Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.
Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Gett...
These ‘zombie’ companies could feel the cash burn, warns New Constructs
Carvana Co., Freshpet Inc. and Peloton Interactive Inc. could feel the cash burn as the Fed raises interest rates, according to independent equity research firm New Constructs. The research firm, whic...
AMD Is the Chip Stock to Buy on the Dip, Morgan Stanley Says
Text size Courtesy AMD AMD stock is an attractive buying opportunity after its big drop this year, according to Morgan Stanley. On Wednesday, analyst Joe Moore resumed coverage on Advanced Micro Devic...
NIO Stock Is a Cautionary Tale for Tesla Shareholders
Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesl...
Exxon Stock Has Surged This Year. Why One Analyst Sees More Gains Ahead.
Text size Exxon stock is rising after getting upgraded at Credit Suisse. Dreamstime Exxon Mobil stock is jumping after Credit Suisse upgraded its shares from Neutral to Outperform on Tuesday. Unlike ...
Cruise stocks don’t look at all like they’ve bottomed yet, analyst says
There’s still no compelling reason to believe that shares of cruise operators have bottomed, as a “trifecta of worries” still remain, said Deutsche Bank analyst Chris Woronka. Woronka reiterated the h...
Symbotic Stock: Walmart Discloses It Holds a Stake in AI Company
Text size Walmart owns a stake in AI company Symbotic. Photo by George Frey/Getty Images Symbotic shares finished lower Tuesday after Walmart disclosed it holds a stake of 11.1% in the artificial inte...
Alibaba Stock Rises on Report About Ant’s Holding Company Bid
Text size A Reuters report says that China has accepted the application of Ant Group, which is an affiliate of Alibaba, to form a financial holding company. Here: Alibaba’s headquarters in Hangz...
Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy
Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 75% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.Ind...
Buttigieg urges airline CEOs to ensure carriers fly reliably this summer after waves of disruptions
Passengers line up at John F. Kennedy International Airport after airlines announced numerous flights were canceled during the spread of the Omicron coronavirus variant on Christmas Eve in Queens, New...
NIO Stock Soars After New SUV Revealed. Here’s Why.
Text size NIO stock was rising after it revealed the new ES7 SUV. Courtesy Nio NIO stock is gaining again after it revealed the ES7 SUV at a launch event Wednesday. NIO stock has risen 4% to $19.45 at...
FedEx stock enjoys biggest one-day gain in 36 years after raising dividend more than 50% in agreement with activist investor
FedEx Corp. stock soared 14.4% Tuesday for the biggest one-day gain in about 36 years, after the company raised its quarterly dividend by 53% as part of a new agreement with activist investor D.E. Sha...
Crypto Is Plunging. Here Are the Stocks With the Most Exposure.
Bitcoin has plunged amid murmurs of a “crypto winter.” Dreamstime Text size Murmurs of a “crypto winter” are intensifying and shares of crypto-exposed companies are being caught up in the carnag...
FedEx Raises Dividend, Stock Jumps 9%. Is ‘New Day Dawning?’
FedEx stock is soaring after the company announced a dividend increase. Spencer Platt/Getty Images Text size FedEx stock was soaring after the delivery company raised its dividend and said it would ad...
Berkshire Hathaway’s Equity Portfolio Is Down An Estimated $65 Billion So Far in This Quarter
Text size Warren Buffett’s Berkshire Hathaway wasn’t a buyer of its own stock in April, but that might have changed with the market’s recent drop. Paul Morigi/Getty Images for Fortun...
Why IBM is one of few tech giants that are actually gaining through the selloff
International Business Machines Corp., unlike many other tech giants, has been able to buck the sector’s selloff in recent months. Shares of IBM IBM, -0.79% are up 1.60% year-to-date, compared to 12.5...
Roku, Tesla, and Other Cathie Wood Favorites Are Falling
Text size Ark Invest CEO Cathie Wood. Courtesy of ARK Cathie Wood’s $12 billion flagship exchange-traded fund was falling again in Monday trading. It is another sign that “innovation stocks” such as R...
MicroStrategy shares slump as bitcoin margin call looms
MicroStrategy has vowed never to sell any of the approximately 130,000 bitcoin it has in its possession. The question after the weekend’s slide in cryptocurrency is whether a margin call will force th...
Five Beaten-Up Biotech Stocks Saw Big Share Purchases
Text size Biotech stocks Kymera, Cullinan Oncology, Repare, Iovance, and Kodiak Sciences are all in the red so far this year, but they’ve seen large stock buys. Dreamstime Biotech stocks have taken so...
These 19 large-cap stocks have now dropped at least 60% from their 52-week highs
The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% f...
Goldman Sachs and Wells Fargo Are Now Trading Below Book Value. Time to Pounce.
Text size Goldman Sachs stock is trading below book value. Spencer Platt/Getty Images The old saw is to buy Goldman Sachs when it trades below its book value—and investors once again have that opportu...
Alibaba Stock Headed for Highest Close Since February. Thank Videogames.
Text size Alibaba and other Chinese tech stocks have been beaten down amid regulatory pressures. Greg Baker/AFP via Getty Images Alibaba and other Chinese tech stocks roared higher on Wednesday as a w...
Nio stock bounces, after EV maker disputes short-seller report, saying it contained ‘numerous errors’
Shares of NIO Inc. were knocked down by a short-seller report on Wednesday, alleging exaggerated financial results, even as the China-based electric vehicle maker said the report is without merit and ...