Tag Archives: Stock

Oh boy, crypto miners. Companies like SOS Limited (SOS) have been on a rocky ride of late, to say the least. Since hitting a high of nearly $16 per share earlier this year during the initial meme stock rally, shares of SOS stock have been on a downward trajectory. Currently, SOS stock trades at around $3 per share, at the time of writing. There are good reasons for this, and those will be described below. However, the real focus with SOS stock right now, at least among retail investors, is the… Source link

Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend.  On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year. Shares of Nike exploded 15% on Friday as… Source link

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

Nike’s stock is shaping up to be a slam dunk in investors’ portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  “[Nike] shares should rise another 50% from here,” said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top pick with a $200 price target.  Added Konik, “Nike is one of the best brands on the planet, the global consumer is very strong, the company is furthering its… Source link

MOUNTAIN VIEW, UNITED STATES: The logo of internet search engine company Google at the headquarters … [+] in Mountain View in Silicon Valley, south of San Francisco, 05 June 2005. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images [Updated 06/25/2021] Google Update Alphabet’s stock (NASDAQ: GOOGL) has seen a rise of 45% since the end of 2020 but is now close to its near term potential. In comparison the S&P 500 rose by 13%… Source link

Stock futures opened slightly higher Wednesday evening following a muted session earlier in the day, with the three major indexes ending mixed ahead of another batch of key economic data this week.  Contracts on the S&P 500 and Dow steadied after both indexes ended Wednesday’s session lower. Nasdaq futures gained after the index rose for a third straight session and set fresh intraday and record highs. Technology stocks have outperformed this week, with traders jumping back into the growth… Source link

Stock futures opened slightly higher Tuesday evening, holding onto gains from the regular session.  Earlier the three major indexes ended higher for a second straight day, and the Nasdaq Composite powered to a record high as technology stocks outperformed. Microsoft (MSFT) shares steadied after jumping to a record level, bringing its market capitalization $2 trillion.  Cryptocurrency prices stabilized after slumping earlier on Tuesday. Bitcoin (BTC-USD) traded back above $32,000, after… Source link

By Medha Singh and Saqib Iqbal Ahmed (Reuters) – A near-record dollar amount of single stock equity options -totaling $818 billion – is set to expire at the close of trading on Friday afternoon, potentially driving sharp moves in some stocks throughout the day, Goldman Sachs analysts wrote. A recent surge in interest in options trading, fueled in part by droves of retail traders looking to place wagers on the swings in so-called meme stocks such as GameStop Corp and AMC Entertainment Holdings,… Source link

Nvidia (NVDA) CEO Jensen Huang made a strong case for the ARM merger at the Six Five Summit and CogX conference. The executive also talked about U.K. opportunities and investments. Nvidia stock jumped 4.76% on Thursday to close at $746.29. Huang told the CogX conference that the merger would combine ARM’s CPU capabilities with Nvidia’s artificial intelligence capabilities to create new ideas. “The U.K. has every reason to be proud of Arm and its achievements and contributions to the… Source link

Stock futures ticked up Thursday evening after a mixed session earlier, when the Nasdaq ended within striking distance of a record high while the Dow posted a fourth straight session of losses. Technology stocks rallied during Thursday’s regular session as Treasury yields fell. Traders piled back into bonds after selling immediately following the Federal Reserve’s monetary policy decision and updated projections on Wednesday, which suggested two interest rate hikes could take place by… Source link