Tag Archives: highs

Robinhood (HOOD) soared to new highs on Tuesday in a stark contrast from its public debut last week. The investing platform’s stock spiked as much as 18% by mid-session. Shares were trading above $44 a piece, holding well above their IPO price of $38.  Investors are keeping a close eye on the stock following Robinhood’s public debut last Thursday.  The stock sank as much as 12% below its IPO price during its first day of trading on the Nasdaq. Shares closed down 8% that day. Some questioned… Source link

Amazon founder Jeff Bezos. The e-commerce giant denied it was poised to accept bitcoin and other cryptocurencies. Photo: AP Photo/John Locher, File Bitcoin (BTC-USD) has fallen away from recent highs after Amazon (AMZN) denied a report that it was considering accepting cryptocurrencies as payment. Bitcoin and other cryptos rallied on Monday amid speculation that the e-commerce giant was poised to accept digital money. Amazon recently posted a job listing for a “Digital Currency and Blockchain… Source link

Alphabet Inc. is the most vulnerable Big Tech company on the regulatory front, but don’t expect that to matter when the search giant reports second-quarter financial results Tuesday. The leading digital advertising company and Google GOOGL, +3.58% GOOG, +3.37% parent company faces at least five government antitrust lawsuits, primarily for its dominance in the search market. And that dominance, to no one’s surprise,… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Social media stocks rally after upbeat results    * AmEx jumps on blowout Q2 profit    * Intel sales forecast implies rocky second half    * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% (Adds comments, updates prices to early afternoon)    By Devik Jain and Shreyashi Sanyal    July 23 (Reuters) – The S&P 500 and Nasdaq indexes hit record highs on Friday and were on… Source link

U.S. stock futures hugged the flat line Monday evening after a record-setting session, with the prospect of strong earnings results helping fuel a rise to all-time highs for the major equity indexes. Each of the S&P 500, Dow and Nasdaq ended the session at record closing levels. The financial sector outperformed with big banks poised to be the first major companies out the gate to report second-quarter results, with JPMorgan Chase (JPM) and Goldman Sachs (GS) reports on deck Tuesday morning…. Source link

The buzz lately has been all about growth. Stocks are high, and going higher. The gains we’re seeing now are the current extension of a long-term trend – markets have been rising for several years, and their derailment during last year’s corona crisis appears, in hindsight, to have been blip more than anything else. As President Kennedy said long ago, a rising tide lifts all boats – and right now, a savvy investor can find plenty of boats to jump on. So let’s go find some of those… Source link

Stock futures drifted sideways on Tuesday to hold near record levels, as traders prepared to return to a relatively sanguine session following a holiday weekend in the U.S.  Contracts on the S&P 500, Dow and Nasdaq hugged the flat line. Each of the major indexes jumped to fresh record highs on Friday, propelled by a June jobs report that reflected a healthy pace of recovery in the labor market but that did not suggest an overheating economy.  Oil prices climbed amid a breakdown in… Source link

With the S&P 500 breaking out to new highs, Southern Copper (SCCO), Westlake Chemical Corporation (WLK), and Vera Bradley (VRA) are 3 upgraded stocks that investors should consider buying. The POWR Ratings have been calculated, pinpointing the latest stocks worthy of Strong Buy and Strong Sell ratings as well as ratings in between these extremes. A-rated stocks have posted an average annual performance over 30%, and B-rated stocks have an average annual return of over 19%.&nbsp Thus, investors… Source link

Bloomberg Iran Gears Up for Return to Oil Market as U.S. Talks Advance (Bloomberg) — Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual.State-controlled National Iranian Oil Co. has been priming oil fields — and customer relationships — so it can increase exports if an accord is clinched, officials said. Under the most optimistic estimates, the country… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link