Tag Archives: Stock

(Reuters) -Virgin Galactic Holdings Inc on Monday filed to sell up to $500 million in common stock, a day after the company completed its first fully crewed test flight into space with billionaire founder Richard Branson on board.    Shares in Virgin Galactic reversed premarket gains of 8% to trade down nearly 12%, wiping off more than $1 billion from the company’s market capitalization following the share sale announcement.    The sale would account for up to 4% of Virgin Galactic’s… Source link

An impressive run in Apple’s stock over the last four weeks has left it vulnerable to a short-term pullback, warns one veteran chart watcher. “Apple is just as overbought as it was in early September of last year just before it rolled over in a significant way,” said Matt Maley, Miller Tabak chief markets strategist. “So it looks like it will need to pullback and digest its gains before it takes a run at breaking above its January all-time highs.” Apple’s relative strength index (RSI) —a key… Source link

The stock of Yandex NV (NAS:YNDX, 30-year Financials) shows every sign of being modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future… Source link

Is it possible that ordinary individual investors, without the help of ultrafast computers or a PhD in math, can reliably beat the stock market? Sixty years of Nobel Prize-winning theory say no, it is not possible. But just maybe it is. Ironically, the widespread belief that it’s impossible helps to make it possible. To see how, recall a high-buzz stock market event last December 21, when Tesla became a component of the S&P 500. Research Affiliates chairman Rob Arnott and colleagues made a Source link

Stock futures opened lower Thursday evening to extend a risk-off mood in markets, with the three major indexes pulling back from record levels as concerns over the pace of the economic recovery flared.  Contracts on the S&P 500 ticked down. The index closed lower by 0.9% during the regular trading day, with the financials and industrial sectors coming in as the biggest laggards. The Dow and Nasdaq each also dropped during the session, but closed well off intraday lows. U.S. equity investors… Source link

It’s far from a market in turmoil, but a day after stocks touched record highs it is a market getting drilled with some valid fears. The Dow Jones Industrial Average tanked nearly 500 points in early afternoon trading Thursday as investors showed concern that the plunge in the 10-year Treasury yield was signaling an economic growth slowdown later this year. Driving that potentially dreaded macroeconomic slowdown would be two factors, traders reasoned. First, the Delta variant of COVID-19 that… Source link

A string of corporate news also moved individual stocks in London. Photo: Dominic Lipinski/PA Images via Getty Images Stocks in Europe slumped into the red on Thursday as concerns around rising inflation resurfaced after signals from the US Federal Reserve. In London, the FTSE 100 (^FTSE) nosedived 1.9%, hovering just above the 7,000 point mark, while the CAC (^FCHI) was 2.2% down in France, and the DAX (^GDAXI) fell 1.6 % in Germany. “The FTSE 100 fell with miners and banks the principal… Source link

It’s time to back up the truck and buy the beat-up shares of pioneering crypto exchange Coinbase (COIN), contends Oppenheimer analyst Owen Lau.  Coinbase shares don’t deserve to be swept up into the latest crypto winter, according to Lau.  “We think Coinbase should not trade in lockstep with bitcoin because bitcoin can be very volatile, but at the same time because of their volatility it drives higher trading volume. It is similar to all the traditional exchanges, and we think that it’s… Source link

Stock futures gained after a mixed session on Tuesday, during which the S&P 500 and Dow each pulled back from record levels. Contracts on the S&P 500 rose by 0.2% with two hours until the opening bell. The index pulled back by the end of the regular session Tuesday, but this came following a notable run-up for the blue-chip index in recent weeks: It had closed at record highs at the end of each of the last seven sessions, and hit a record intraday high Tuesday morning.  The Dow also headed… Source link

Amazon (AMZN) officially has a CEO not named Jeff Bezos as of Monday (it’s Andy Jassy), but a stock price that’s acting like it normally does: moving up and to the right.  Shares of the tech beast have surged 14% to $3,642 in the past month in the lead-up to Jassy assuming the CEO mantle from the soon-to-be astronaut Bezos. As of Tuesday afternoon trading, Amazon’s ticker page was the most trafficked on the Yahoo Finance platform — beating out Didi (stock down 21% after a China crackdown… Source link