Tag Archives: Wall

Investing February 9, 2021 8:56 am Last Updated: February 9, 2021 9:05 am The futures traded lower Tuesday morning after a big start to the trading week on Monday, with all three major indexes and the Russell 2000 closing at all-time highs. Investors are cheering the possibility for a big stimulus package becoming a reality, and fourth-quarter earnings have been coming in very strong. Top… Source link

TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted by the deregulation policies. While the new Biden Administration is busy reversing many Trump… Source link

The Guardian ‘Please send more vaccines’: Covid crisis engulfs California’s farming heartland Fresno county, a region in the state’s central valley made up of 999,000 people, is recording 450 new coronavirus cases per day Medical workers at Community medical center in Fresno county care for a coronavirus patient in the intensive care unit. Photograph: Community Medical Center California officials have signaled optimism that the latest, most deadly wave of the pandemic is starting to… Source link

The Reddit-fueled frenzy behind GameStop’s (GME) surge last week — burning hedge fund short sellers and forcing Robinhood to curb activity in a clutch of hot stocks — illustrates a “plumbing issue” that exists in trading markets, according to one trader. The frenetic retail trading that took place over the last several weeks, roiling global markets in the process, creates a flood that blows away traditional risk management, veteran trader Peter Borish told Yahoo Finance. “I think… Source link

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

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) — The bounty hunter of Wall Street has finally met his match. Andrew Left, who’s taken on everything from drug companies to Chinese real estate firms, said his Citron Research will no longer publish short selling research, ending the firm’s two-decade run as one of Wall Street’s best-known contrarians. Citron will instead focus on what may seem like the only logical move in a world of ever-rising equity markets and low interest rates: long bets. “Twenty years ago I started… 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

The Canadian Press Brokerages limit trading in GameStop, sparking outcry Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army… Source link

People enter a GameStop store in Alhambra, California on January 27, 2021. Photo: FREDERIC J. BROWN/AFP via Getty Images European stock markets opened lower on Thursday, as a sell-off on Wall Street overnight prompted weakness in equity markets globally. The Dow Jones (^DJI) closed down 2% on Wednesday, its biggest one-day fall since October. The slump came after a downbeat assessment of the economy from the US Federal Reserve and amid a highly unusual battle between retail investors and hedge… Source link