Tag Archives: price

Some haywire moves higher in money-losing electric vehicle makers such as Rivian and Lucid hint at the stock market forming an unhealthy bubble, argues Matt Maley, Miller Tabak chief markets strategist.  “It’s just a sign of an unhealthy stock market,” Maley said on Yahoo Finance Live. That may be an understatement.  While Rivian’s stock price (RIVN) plunged 15% to close at $146.07 on Wednesday, shares at one point on Tuesday were more than double the company’s IPO pricing of $78 from last… Source link

The median U.S. home price just passed $400,000 for the first time ever, according to data from the St. Louis Federal Reserve. In the third quarter the median home price hit $404,700, jumping nearly 20% since third quarter of 2020, when the median sales price was $358,700. Though it’s an eye-catching number, the market has been hot of late, and a lack of inventory and high demand means foretold the rise in home prices. According to a recent note from Goldman Sachs, home prices could rise… Source link

Alphabet is still the darling of Wall Street after another blowout quarter from the tech beast Tuesday night.  And one line item continues to standout in particular as a key driver of the bull thesis on the stock: operating margins.  Jefferies analyst Brent Thill points out Alphabet’s operating profit margins hit 39.2% in the third quarter, up for five straight quarters as the company sees strong momentum behind its search business and YouTube premium. The upward slope in margins comes… Source link

Rent the Runway (RENT) started trading above its IPO price on Wednesday before dipping below that level over the course of the session. Shares closed the session down 8% at $19.29 each. The stock had opened at $23 per share after the fashion rental company priced its debut at $21 each, at the top of its marketed range.  The company raised $357 million in the public offering. Rent the Runway offers subscribers “the world’s largest shared closet” of over 18,000 styles by more than 750… Source link

Home price growth in the U.S. may finally be slowing down. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.8% annual gain in August, the same from July — remaining at an all-time high. The 20-City Composite posted a 19.7% annual gain, down from 20% a month earlier. The 20-City results were slightly down below analysts’ expectations of a 20% annual gain, according to Bloomberg consensus estimates. “In August 2021, the National… Source link

Yandex (NASDAQ:YNDX) had its price objective upped by equities researchers at Citigroup from $82.00 to $90.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Citigroup’s price target would suggest a potential upside of 16.81% from the company’s current price. Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised… Source link

Netflix (NFLX) has faced both positives and negatives in Q3 — from beating subscriber growth estimates to battling backlash over the release Dave Chappelle’s comedy special “The Closer.” But at least one analyst seems to think the streaming behemoth is leaving money on the table, with its content slate drawing massive buzz in the face of fierce criticism. On Thursday, the stock spiked to a new record high at $654, with some on Wall Street expecting a test of levels at or near $700. “Netflix… Source link

Investors are chowing down on shares of newly minted publicly traded hot dog chain Portillo’s.  Shares of Portillo’s (PTLO) — a Chicago-founded outfit with a cult-like following across nine states — exploded more than 50% as investors ate up the stock on its first day of trading on Thursday.  “While we are a 58-year-old company, we are still infants when it comes to our growth inflection point,” Portillo’s CEO Michael Osanloo said on Yahoo Finance Live. Osanloo isn’t kidding when he said… Source link

The new Google Pixel 6 and Pixel 6 Pro showcase one of the biggest… Source link

Bitcoin sits above $64,000 on Tuesday, zeroing in on a record high as excitement over its first exchange-traded fund (ETF) — and another soon to come — reached a fever pitch. As the largest cryptocurrency by market capitalization rallied by over 4% on the day, The Proshares Bitcoin Strategy ETF (BITO) launched on the the New York Stock Exchange (NYSE) — the first ever BTC (BTC) related fund available to U.S. investors. While some market participants have questioned the utility of the… Source link