Heading into a new trading week, Pfizer Inc. (NYSE: PFE), Alibaba Group Holding Limited (NYSE: BABA), Nvidia Corp. (NASDAQ: NVDA) and Moderna Inc. (NASDAQ: MRNA) are among the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum. What Happened: Pfizer has emerged as the most-discussed stock on the forum with 106 mentions, followed by exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 102 mentions, data from Quiver Quantitative showed. Chinese e-commerce giant… Source link
Read More »These 2 stocks could be huge winners from a once-in-a-decade fashion shift
This fall, if you aren’t rocking some form of wide leg jeans while also owning shares of Abercrombie & Fitch (ANF) and American Eagle Outfitters (AEO) in your portfolio you may be off trend in two areas of your life. Google searches for low-rise jeans have surged 91% over the past six months — with wide leg and flare jeans being the most popular styles — per fresh analysis from Jefferies retail analyst Stephanie Wissink. In other words, the 18-year reign of skinny jeans as the de facto… Source link
Read More »Asian Stocks Climb After U.S. Rally on Dip Buying: Markets Wrap
(Bloomberg) — Asian stocks rose early Monday as traders sought to take advantage of last week’s selloff while weighing risks from the delta virus strain and China’s regulatory curbs. The dollar was firm. Shares climbed in Japan, South Korea and Australia. U.S. equity futures edged higher after an advance in the S&P 500 and tech-heavy Nasdaq 100 at the end of last week. Beijing’s clampdown on private industries is set to shadow the market open in China and Hong Kong later. The dollar… Source link
Read More »10 Best Stocks to Buy According to Billionaire Mario Gabelli
In this article, we discuss the 10 best stocks to buy according to billionaire Mario Gabelli. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Stocks to Buy According to Billionaire Mario Gabelli. Mario Gabelli, the chief of New York-based GAMCO Investors, has a net worth of close to $2 billion and manages more than $11.7 billion in assets through his hedge fund that focuses on investments in the industrial and consumer goods sectors of the economy…. Source link
Read More »Stocks to Commodities Sink on Fed Taper Worries: Markets Wrap
(Bloomberg) — Global markets tumbled across the board, as investors fled to the safety of U.S. Treasuries and the dollar, amid concern the Federal Reserve may start tapering stimulus this year even as the delta virus variant undermines global growth. U.S. stock-index futures fell, with contracts on the S&P 500 Index losing as much as 1.1%, and European stocks slid the most in a month. A selloff in commodities deepened, as iron ore plunged more than 10% and oil headed for the longest slump… Source link
Read More »High-income network holds only ‘25% of their assets in public stocks:’ TIGER21 chair
Members of the high net-worth membership network TIGER21 hold the majority of their wealth in assets other than public equities, data from the organization suggests. About 25% of TIGER21 member assets are in publicly-traded equities. The plurality of assets (27%) are held in real estate, whereas private equities and cash/cash equivalents make up 22% and 14% of the asset pool, respectively. “Our members are invested in technology stocks because of their scalability and increasingly in ETFs so… Source link
Read More »Stocks fall from records as geopolitical, growth concerns weigh
Stocks fell on Monday, pulling back from record levels as geopolitical and growth concerns weighed on risk appetite. The S&P 500 declined just after market open after logging yet another record high on Friday. The Dow and Nasdaq each also dipped, and the benchmark 10-year Treasury yield fell back below 1.3%. U.S. West Texas intermediate crude oil futures sank by more than 1% to trade around $67 per barrel. The moves came as jitters over the pace of global economic growth and risks to the… Source link
Read More »Stocks, Futures Fall as Traders Await Fed Signals: Markets Wrap
(Bloomberg) — U.S. stock-index futures fell and Treasuries climbed amid concern the economic recovery from the pandemic is faltering and investor nervousness in the run-up to the Federal Reserve’s Jackson Hole symposium in late August. September contracts on the S&P 500 Index declined 0.3% after the underlying gauge notched up another record high on Friday. Ten-year U.S. yields slid three basis points and the dollar rose. Chinese stocks gave up gains as the country’s retail sales and… Source link
Read More »Cheap Energy Stocks Shrug Off Climate Alarm With Cash Flowing
(Bloomberg) — The sobering United Nations-backed report on global warming last week prompted a lot of hand wringing from governments and the general public about fossil fuels. The response from investors in the oil and gas industry? A big shrug. Shares of energy companies, which led the S&P 500 higher for much of the year, ended the week little changed. Oil prices rebounded from a selloff earlier in the month, despite the warnings that the world must wean itself off fossil fuels, and… Source link
Read More »The Dip in These 2 Stocks Is a ‘Buying Opportunity,’ Say Analysts
Successful market investing is all about finding opportunities, and buying into the right stocks at low prices. The only real ‘trick’ to navigating the market is recognizing those opportunities, since ‘low prices’ is a relative concept, not an absolute. A low price for a famously expensive stock like Amazon will still be in the thousands, while a low price for an obscure penny stock may be less than one dollar. A look at stock charts will help to find companies whose shares are… Source link
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