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...
Tag: Stock
Carnival Stock Surges as Second-Quarter Revenue Rises Sharply
Text size A large Carnival cruise ship docked at port in turquoise blue water. Dreamstine Shares of Carnival were rising Friday after the cruise line posted second-quarter revenue that rose sharply fr...
Exceptionally Good Conditions For Stock Bull Market Launch In July
Joyous New York Stock Exchange trader (Photo by Johannes EISELE / AFP) AFP via Getty Images Indicators of a coming bull market launch are everywhere – both traditional signals and unique develop...
There’s No Clear Sailing Ahead for Carnival: Here’s How to Play It
Finally. What was that? Around 09:15 am ET. Surprised Carnival Corp (CCL) didn’t wait until after the opening bell. One would immediately think that maybe the firm released their numbers so clo...
Shopify Is Showing Us Bottoming Action From May
In our April 25 review of Shopify (SHOP) we wrote that “Traders should continue to avoid the long side of SHOP. We are likely to see a better buying opportunity in the months ahead.” Has t...
The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” I’m referring to the indicator, first proposed by the Philosophical Economics blog...
Bitcoin mining stock report: Wednesday, June 22
Most bitcoin mining stocks were down on Wednesday, as bitcoin’s price again dipped below $20,000. As of press time, Bitcoin’s price was at around $19,800, according to TradingView. Argo Bl...
Polestar (PSNY) stock debuts on Nasdaq after SPAC merger
Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisitio...
Zendesk shares are up 30% on Friday: what’s fuelling the stock?
Shares of Zendesk Inc (NYSE: ZEN) opened nearly 30% up on Friday after an investor group led by Permira and Hellman & Friedman (H&F) said it will buy the SaaS company for a significant premium...
Wells Fargo Stock Leads Banks As Stress Tests Boost Dividend Bets
Updated at 10:37 am EST Wells Fargo (WFC) – Get Wells Fargo & Company Report, and JPMorgan (JPM) – Get JP Morgan Chase & Co. Report traded higher Friday after the Federal Reserve...
Amazon down over 9% since the stock split; What’s next for AMZN?
Amazon (NASDAQ: AMZN) had been garnering a lot of attention as the stock prepared for the split on June 6. Shares of the company originally increased in price when trading began on June 6; but, two we...
Caterpillar’s weakness to persist as the stock breaks below key $190 support
Caterpillar, Inc. (NYSE:CAT) has been one of the most resilient stocks this year. As other major stocks crashed, Caterpillar has held strongly above the $190 support. The stock would jump any time it ...
Cathie Wood Watch: Ark Sells Spatial Data Company’s Stock
Famed investor Cathie Wood sold shares of a spatial data company and a familiar biotechnology name June 22. And for the second day in a row, she bought shares of an autonomous vehicle company and a di...
Is Altria Stock a Buy Despite FDA Plans to Take JUUL Products off the Market? Analyst Weighs In
Altria (MO) investors got smoke in their eyes on Wednesday, seeing the shares shed 9% in the session. The decline came on account of a report stating the FDA is readying to order Juul to pull its vapo...
Stock Market Climbs As Economic Data Shows Slowing Economy, Cooling Prices; Powell Set To Speak Again
The stock market rose in early trading, with all eyes on Fed Chairman Jerome Powell’s second day of testimony in Congress. X The Nasdaq composite, S&P 500 and Dow Jones Industrial Average al...
Netflix Stock Could Rally With Ad-Supported Content
Netflix’s stock is down a staggering 71% year-to-date. The stock’s fall from grace includes dropping its FAANG-status as the company’s market cap has decreased from $300 billion to $75 billion. This w...
Bitcoin Is a Leading Indicator for Stock Indexes, Says Legacy Investor Mark Mobius
Billionaire fund manager and founder of Mobius Capital – Mark Mobius – represented cryptocurrencies as a “measure of investor sentiment.” He classified bitcoin as a leading indicator that shows how th...
Morgan Stanley Pounds the Table on AMD Stock
With the seemingly endless selection of headwinds plaguing 2022, this year is panning out like no other in recent times. Just ask investors in Advanced Micro Devices (AMD). After making a habit of con...
Dow Jones Rallies; Tesla Falls After Elon Musk Reveals Fears; Warren Buffett Stock Gains
The Dow Jones Industrial Average rallied as yields fell. Tesla (TSLA) skidded after CEO Elon Musk voiced a warning. A Warren Buffett stock fell despite the news his firm Berkshire Hathway (BRKB) had b...
Peloton and 2 other major ‘zombie’ companies could soon go to $0, leading stock research firm CEO says
In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of resear...
Revlon Declared Bankruptcy. Why Is Its Stock Soaring?
A funny thing happened on the way to Revlon’s bankruptcy. By all accounts, it should have been lights out for Revlon (REV) – Get Revlon Inc. Report. On June 16, the cosmetics company fil...
Why Is Revlon Stock Up 600% After Filing For Bankruptcy?
John Nacion/STAR MAX/IPx Key Takeaways Revlon filed for Chapter 11 bankruptcy last week under the weight of $3.3 billion in debt They’ve secured $375 million in additional debt that will allow them to...
Which is the better stock between Hyatt Hotels and Marriott International?
As the hotel industry recovers, investors will be looking for investment candidates. Hyatt Hotels (NYSE:H) and Marriott International (NASDAQ:MAR) are two potential candidates. This analysis considers...
Adam Seessel: ‘Amazon is an inevitable stock for the next 10 to 15 years’
Amazon.com Inc (NASDAQ: AMZN) is down roughly 35% for the year, but Adam Seessel remains convinced it’s one of the “superior businesses” that’s bound to eventually win. Seessel...
CEO Gloom Opens Pathway To Tech Stock Resurgence
Most corporate leaders now expect a recession as soon as next year. Getty Images Most corporate leaders now expect a recession as soon as next year. This is what it means for investors. A survey relea...
Is Netflix a value stock? This analyst says ‘soon’
Netflix Inc (NASDAQ: NFLX) is here to stay; perhaps not as a growth name, though, says Sylvia Jablonski. She’s the CEO of Defiance ETF. Jablonski is not interested in owning Netflix stock The st...
Nike gets downgraded and announces exit from Russia; What’s next for NKE stock?
It seems as if the U.S. sportswear giant Nike (NYSE: NKE) is exiting Russia completely, three months after suspending operations in the nation. Notably, Nike is one of the last global brands to exit R...
When Will The Stock Market Bottom In 2022?
Depressed business woman looking down at the falling red arrow going through a concrete floor. Fall … [+] and depreciation concept. getty Have we seen the lows yet? Well, we’re oversold and due ...
Snowflake shares up 5% premarket after JPMorgan raises SNOW stock to overweight
Snowflake (NYSE: SNOW) shares are gaining momentum in the pre-market trading session on June 23, popping by over 5%. It would seem that the main reason for this is that the investment banking firm JPM...
TSLA stock dwindles as new Tesla factories lose billions
Elon Musk, CEO of Tesla (NASDAQ: TSLA), was interviewed by Automotive News on May 31, with the interview split into three parts. With the last part of the interview just published, pundits are worried...