Tag Archives: Stock

Amazon’s stock was priced at $18 when it went public in 1997. Today, the stock trades for more than $3,600 as the tech behemoth has cashed in on surging markets such as cloud services and online retail.  Veteran tech analyst Mark Mahaney of Evercore ISI thinks Uber (UBER) could be the next Amazon-like investment as it capitalizes on its own expanding market known as the on-demand economy.  “To me, Uber fits the bill of a still early stage company that has massive TAMs [total addressable… Source link

Stock futures opened mixed Wednesday evening after dropping during the regular trading day, with investors giving back some gains as jitters over inflation remained and overshadowed the latest batch of solid corporate earnings results.  Contracts on the S&P 500 were flat as the overnight session kicked off. Though the index ended Wednesday’s session lower, it remained up by 1.8% for November to date, and was less than 0.7% below its all-time intraday high.  Nvidia (NVDA) shares jumped in… Source link

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

Stock futures traded mixed Wednesday morning as investors digested a set of mixed corporate earnings results from more major retailers.  Contracts on the S&P 500 and Nasdaq were slightly higher, while the Dow pointed to a lower open. Tesla (TSLA) shares extended gains in early trading after jumping 4% for their first rise in four sessions on Tuesday. Peloton (PTON) shares dipped after surging by nearly 16% on Tuesday in its best day since May 2020, after the company announced a secondary… Source link

Stock futures opened slightly higher Monday evening, with traders awaiting key new data on the state of the consumer. Contracts on each of the S&P 500, Dow and Nasdaq traded slightly in the green.  Investors are set to receive monthly retail sales data from the Commerce Department Tuesday morning, which will help show how much momentum consumers had heading into the holiday shopping season. The print is expected to show retail sales rose by 1.5% in October compared to September, accelerating… Source link

(Bloomberg) — Elon Musk, the world’s wealthiest person, directed a series of insults at Bernie Sanders on Twitter after the U.S. senator repeated his call for billionaires to pay more in taxes. Most Read from Bloomberg Musk even raised the notion of selling more of his Tesla Inc. shares, which would require him to pay capital gains taxes. The 80-year-old Sanders, who unsuccessfully sought the Democratic Party presidential nomination in 2016 and 2020, on Saturday tweeted that “we must… Source link

Stock futures opened higher Thursday evening after a mixed session in the markets, with both earnings and inflation data remaining at the center of investor attention. Contracts on the S&P 500 edged higher. Earlier Thursday, the index rose for the first time in three sessions, buoyed by a jump in technology stocks that posted a rebound after a drop on Wednesday. The index was on track to end the week marginally lower after five straight weeks of gains, but still held just slightly below… Source link

If you’re worried about a stock market correction, Jim Cramer just mentioned 5 ‘borderline unstoppable’ megatrends for the rest of 2021 Thanks to stretched valuations and rising interest rates, many Wall Street strategists expect significant stock market corrections on the horizon. But CNBC’s Jim Cramer believes there are still plenty of buying opportunities available — even over the very short term. The host of Mad Money explained that this is the time of year when institutional money… Source link

Stock futures drifted sideways Wednesday evening after a technology-led drop across the major equity indexes, with traders mulling signs that elevated inflation was still reverberating across the recovering economy.  As of market close Wednesday, the S&P 500 dropped for a back-to-back session, giving back more gains after eight consecutive sessions of advances to kick off November trading.  With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been… Source link

Stock futures opened slightly lower Tuesday evening to hold below record levels, with investors fixing their attention on a key inflation report due for release Wednesday morning.   Contracts on the S&P 500 ticked down, after the index closed out its first session of losses following eight straight days of gains. The Dow and Nasdaq had each also ended the session lower to pause after a record-setting run-up.  One of the most closely watched reports due for release Wednesday morning will be… Source link