Tag Archives: GameStop

TipRanks 2 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ We’re in a volatile period right now, as stocks slipping after starting the year on a strong note. Big Tech, which boomed during the pandemic lockdowns and the move to remote work, is leading the declines. Investors have taken the measure of the vaccination programs, and now, in fueled by both a belief and a hope that economies will soon return to a more normal footing, they are seeking out those stocks that will gain we… Source link

TipRanks 2 Big Dividend Stocks Yielding 10%; RBC Says ‘Buy’ Soaring commodity prices, additional federal stimulus, and government bond yields on the rise are all raising the specter of inflation. Furthermore, there is growing concern that stocks – and tech ones in particular – are now at valuations disconnected from reality. Is the changing macro climate about to send the bull market into retreat? Too early to tell, but it does signal that a more prudent approach to investing might be a… Source link

On Thursday the House Financial Services Committee will heat up the grill for five players in l’affaire GameStop (GME), late January’s stock market spectacle that saw the stock of the video game retailer skyrocket from the teens to well over $300 — and back down again to the mid-$40s. There has been a lot of confusion, conspiracy theories, complex market dynamics, loss, gain, and drama, and Congress hopes to clear up some of these things. Expect questions about conflicts of interest,… Source link

One month after GameStop (GME) shares surged to record levels due to Reddit-fueled trading, Wall Street, online brokerage Robinhood and Reddit are facing probes by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and both chambers of Congress. During GameStop’s two-week meteoric rise, the S&P 500 dropped a whopping 5% from peak to trough. Wall Street felt the full brunt of the chaos. Hedge funds endured a gut-wrenching de-risking event comparable to the global… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Photo by: STRF/STAR MAX/IPx 2021 2/2/21 GameStop, AMC and Silver stock prices plunge as Reddit short-squeeze loses steam. STAR MAX Photo: GameStop, AMC, Reddit, Robinhood, WallStreetBets, Stock Graphs and logos photographed off Apple devices.. GameStop (GME) is nowhere near the price level it was at the end of January as the stock’s meteoric rise captivated the country in a groundbreaking, Reddit-powered short squeeze. The shape of the stock chart — a giant M — and volume mean that a lot… Source link

TipRanks 3 Big Dividend Stocks Yielding at Least 9%; BTIG Says ‘Buy’ How important are dividends to a stock investor’s profits? Speaking before the Financial Industry Regulatory Authority (FINRA) on October 15, 2007, investing guru John Bogle laid out the case: “Over the past 81 years… reinvested dividend income accounted for approximately 95 percent of the compound long-term return earned by the companies in the S&P 500. These stunning figures would seem to demand that mutual funds… Source link

Bloomberg An EV Company With Almost No Revenue Gains 3,000% in 8 Months — Topping Tesla’s Rally (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s… Source link

(Bloomberg) — GameStop Corp. shares tumbled for a third day in four as retail traders flocked to other corners of the stock market such as small drug developers. The video-game retailer extended losses to 33% and touched this week’s low of $62.05 at 11:32 a.m. in New York. Trading volume picked up after a slow start, with 25 million shares exchanged in the first two hours of trading, but still a below the average for the stock over the past two weeks. Meanwhile, demand was lower for… Source link

Activist short-seller Carson Block, the founder of Muddy Waters Research, says the “markets are broken,” and it’s causing investors who traditionally focus on the fundamentals to have to trade on the technicals. “They were broken before GameStop (GME), but GameStop and these meme stocks just show how broken they are now. Now, the reason they’re broken is because fundamentals matter less and less every day,” Block told Yahoo Finance Live on Wednesday. While it’s a confluence of factors that… Source link