Tag Archives: Stock

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) — Apple Inc. is selling bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as it looks to return more cash to shareholders. The company is issuing debt in six parts, according to a person with knowledge of the matter. The longest portion of the offering, a 40-year security, may yield between 115 and 120 basis points above Treasuries, said the person, who asked not to be identified as the details are private. Until 2020, Apple hadn’t… Source link

In this article, we reviewed Candlestick’s losses from short bets and examined the top 10 holdings to determine whether its stock portfolio has the potential to recover losses. Click to skip ahead and see Candlestick Capital’s Top 5 Stock Holdings. Candlestick Capital Management, founded by former Citadel portfolio manager Jack Woodruff, is among the hedge fund losers in a tug of war with Reddit’s day traders. The hedge fund, which started fiscal 2021 with almost $3 billion, fell at a low-… Source link

TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

A convergence of factors joined forces on Wednesday to scare the bull thesis in stocks and really club the market into the ground. Losses on the Dow Jones Industrial Average (2.2%), Nasdaq Composite (2.7%) and S&P 500 (2.6%) all accelerated into the close. The selloffs marked the biggest plunges for the major indexes since October, notes Yahoo Finance markets reporter Jared Blikre. The session was wobbly out of the gate Wednesday, but experts point to two things in particular for the hearty… Source link

RFI China and US swap accusations of genocide, but does it make any sense? The last official act of out-going US Secretary of State Mike Pompeo was to accuse China of perpetrating “genocide” against its Uyghur population. China was quick to point to the US’s treatment of its own indigenous people, to the American history of slavery and discrimination. The increasingly vitriolic war of words adds to the ongoing deterioration of ties between Beijing and Washington. In a strongly worded press… Source link

Shares in video game retailer GameStop (GME) are on a wild rollercoaster ride, fueled by retail trader geeks on Reddit—and newly minted New York Mets owner Steven A. Cohen is obscurely involved. GameStop shares rose more than 50% last Friday after users on the Reddit forum WallStreetBets (WSB) ganged up to buy the stock in response to a number of short calls, most notably from Andrew Left of Citron Research, who predicted that the stock would drop to $20. (GameStop isn’t the only one: AMC… Source link

Chinese electric bicycle-maker EZGO Technologies (EZGO) leapt more than 250% in its first day of trading. TS Innovations Acquisitions Corp. (TSIA), a blank-check company, jumped 45% after announcing it was merging with Latch, a building tech firm. Another Chinese debut — this one a vaping platform called RLX Technology (RLX) — more than doubled in its first day of trading. And shares of another special purpose acquisition company (SPAC), FTAC Olympus Acquisition, surged 30% after a… Source link

TipRanks J.P. Morgan: 2 Auto Stocks That Can Charge Forward in 2021 The US auto industry is looking up, despite the COVID pandemic – and that has car watchers and Wall Street analysts alike moving toward a cautious optimism. Customers are starting to buy cars again, as shown by Toyota Motor’s December figures: The company reported sales of 249,601 vehicles, up 20.4% year-over-year. Now, with vaccination rates increasing and better spring weather just a couple of months away, the car… Source link