Tag Archives: GameStop

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

TipRanks 2 Stocks Flashing Signs of Strong Insider Buying Tracking insiders’ stock purchases can make a viable investment strategy. Corporate insiders – the company officers and board members – are naturally positioned to be in the know, to know how company policies and performance will impact stock prices. They can use that knowledge to inform their own stock purchases – but not unfairly. By law, they must disclose publicly their own stock holdings, and the general public can learn… Source link

Wednesday, February 3, 2021 A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Retail traders have had a great year. Investing pros are having their say, too. On Tuesday, we highlighted the performance of stocks favored by retail traders over the last year. These returns suggest the current rally from the March 2020 lows has been a golden age of retail traders sticking it to hedge… Source link

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

(Bloomberg) — The name is a byword for power on Wall Street. But suddenly, there it was, in the White House Briefing Room, too: “Citadel.”Given the wild stock-market spectacle involving GameStop Corp., the question last week for the new press secretary was this: would Janet Yellen, now Treasury secretary, recuse herself from the matter given the hundreds of thousands of dollars she’d collected in speaking fees from Citadel?For people outside financial circles, the answer — Yellen is… Source link

Monday, February 1, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe The GameStop saga is somewhere between a low and high risk event The massive surge in GameStop (GME) shares, the role of the r/wallstreetbets community, and everything else connected to the ongoing ordeal has attracted attention from Wall Street to Main Street and everyone in between. Regulators and even celebrities are chiming in. The story is dominating headlines as it… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link

TipRanks 3 Monster Growth Stocks That Could Weather the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once… Source link