Bitcoin (BTC) pierced the top of a stubborn trading range on Aug. 11 as a decidedly awkward rally took hold of risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin retracem...
Tag: Stocks
Billionaire Mark Cuban Takes Surprise Stance on Controversial New Tax
No subject is more controversial in economic circles right now than taxes. Tensions heighten even more when the specific subject is a new tax aimed at businesses. Simply put, the business community ha...
Pharmaceutical Stocks GSK, Sanofi, Haleon Lose Billions As Zantac Recall Trial Looms
Pharmaceutical stocks GSK (GSK), Sanofi (SNY) and Haleon (HLN) have wiped out a combined $31 billion in market cap this week as worries mount surrounding litigation around recalled heartburn drug Zant...
Have stocks bottomed? Not until this ‘gorilla’ in equity markets budges, warns BofA
Households, not hedge funds or major corporations, represent the biggest class of owners of the U.S. stock market. That matters because households, the “placid gorilla” in U.S. stocks, haven’t cut and...
Stocks making biggest after hours moves: Rivian, Poshmark and more
R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 20...
Pfizer Stock Slumps On Litigation Linked to Zantac Heartburn Drug
Updated at 12:17 pm EST Pfizer (PFE) – Get Pfizer Inc. Report shares slumped lower Thursday amid investor concern over potential litigation linked to the popular, but now-discontinued, heartbur...
Elon Musk Says Lithium Demand Will Continue to Boom — Here Are 2 Stocks That Could Benefit
Let’s talk about electric vehicles (EVs) and their batteries. The high price of gasoline – still up about $2 since President Biden took office – has boosted interest in EVs. Greater customer curiosity...
Software company acquisitions are a bullish sign for the sector’s stocks, Cramer says
CNBC’s Jim Cramer on Wednesday said that software company acquisitions that have gotten rolling in recent weeks suggest that stocks in the sector could be close to bottoming. “The long sof...
Best Dividend Stocks: Iron Mountain Reports Strong Earnings, Offers High Yield
Iron Mountain (IRM) is back in the spotlight after posting strong earnings that show impressive growth. It’s also a top play in dividend stocks, allowing risk-averse investors to enjoy the best ...
Over 80% of stocks in the S&P 500 now show positive signs of revival
Despite starting 2022 on the back foot, stocks have recovered some ground over the past couple of weeks as inflation readings seem to have peaked and investors’ confidence is returning. As of August ...
Stocks rally like it’s ‘mission accomplished’ — but investors urge caution as Nasdaq enters bull market
Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in...
Nickel Asia’s Manuel Zamora Jr. And Philip Ang See Wealth Fall As Global Headwinds Hit Philippine Stocks
This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia Manuel Zamora Jr. (left) and Philip Ang Nickel Asia This story is part of Forbes’ coverage of Philippines’ Richest ...
Why chip stocks should be avoided for now, according to an analyst
Stay away from battered semiconductor stocks for the time being, according to Citi analyst Chris Danely. “We believe negative catalysts will now outnumber positive catalysts given upcoming PC da...
Stocks surge as investors cheer on slightly cooler CPI data
Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month. The benchmark S&P 500 ju...
Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming...
Is it safe to step back into the homebuilder stocks now?
New home sales have reached a bottom, which makes now a perfect time to go shopping in the construction space, says John Lovallo. He’s a Senior Equity Research Analyst at UBS. Highlights from Lovallo’...
10 defensive stocks that can also provide you with growth and dividends over the long term
The S&P 500 Index has rallied 10% since June 22 from a deep decline, but there are different schools of thought about whether investors are out of the woods yet. Mark Hulbert has called the recent...
These 2 ‘Strong Buy’ Stocks Are Flirting With a Bottom
While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices ...
Inflation Is Cooling, but Rally in Crypto, Stocks May Not Last
CPI numbers come in lower than expected, showing easing inflation Food prices remained elevated while gas and energy prices have fallen The days of rapidly increasing prices may be in the US economy’s...
Beware of the latest surge in meme stocks, strategist warns
The meme stock resurgence is not likely to last, warns one strategist, as the companies underlying the move are still on shaky fundamental ground. “It’s August, liquidity is light, and peo...
GryffinDAO And Cardano Could Be The Best Cryptocurrency Blockchain Stocks In The Crypto Stock Market 2022
Based on previous price actions in the crypto stock market, GryffinDAO (GDAO) and Cardano (ADA) could prove to be significant blockchain cryptocurrencies for trading. Both projects offer the distinct ...
Like Gold? Here Are 4 Gold Stocks You May Want To Consider
It’s unclear if a bottom is forming in a number of gold stocks, but a few price chart indicators are providing positive divergence signals. Momentum downward for these equities appears to be declining...
Bitcoin Rally Ignites Lackluster Performance Of Crypto Stocks
Bitcoin had an impressive performance in July, along with major digital tokens that have hit their targets in the last four weeks. Bitcoin (BTC) increased by over a quarter, reaching $24,000, while Et...
Bitcoin’s Correlation With Stocks, Bonds Hits 3-Month Low
Bitcoin’s trading pattern with stocks and bonds starts to decouple after all-time highs earlier this year The decoupling is because bitcoin has largely underperformed the broader market, analysts said...
‘Load Up,’ Says Jim Cramer About These 2 ‘Strong Buy’ Stocks
The last few years saw the markets go crazy. Between the COVID lockdowns and market crash, the rebound recovery, last year’s sustained bull run, and this year’s devastating first half that saw the bul...
Micron and Nvidia: Buy or Sell After Bearish Updates?
Yesterday it was Nvidia (NVDA) – Get NVIDIA Corporation Report and today it’s Micron (MU) – Get Micron Technology Inc. Report. Both chipmakers are moving lower on Tuesday following beari...
Stocks making biggest after hour moves: Coinbase, Roblox and more
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours tr...
Donald Trump’s Mar-a-Lago Estate Searched by FBI — What Stocks May Be Affected
Former U.S. President Donald Trump released a statement last night that painted the present as “dark times for our nation” as he says his home was “under siege, raided and occupied by a large group of...
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks a...