Stock Market

by Michael Snyder For decades, the big fish on Wall Street have been able to do virtually anything that they want, but now the small fish are fighting back and it has been a beautiful thing to watch.  Finally it is payback time, and the losses have been absolutely staggering.  In fact, Reuters is reporting that short

Juniper Networks, a leader in secure, artificial intelligence-driven networks, reported better-than-expected preliminary results for the fourth quarter. However, shares dipped 1.6% in Thursday’s extended trading. Juniper’s (JNPR) revenues of $1.22 billion increased 1.2% and beat analysts’ expectations of $1.19 billion. The company’s CEO, Rami Rahim said, “We experienced better than expected Q4 demand and ended

Some market pros see the frenzied short squeezes in GameStop and other stocks as signs of a bubble brewing, but the Federal Reserve doesn’t seem to and for that reason investors expect asset prices could continue to rise. Fed Chairman Jerome Powell, at his post meeting briefing Wednesday, was asked about the potential of Fed

Now it’s getting interesting. House of Congress calls Justice Department for Action against @RobinhoodApp #melvincapital and #citadel regarding #wallstreetbets and #GameStop, #RobinHood pic.twitter.com/xo6lysq9aU — Boppiboy (@boppiboy) January 29, 2021 As I mention in the thread, I’ve spoken to several people hit by these force-sells, and only about half of those people are trading on margin.

AMC (AMC) might be lacking cinema goers, but it has recently done an excellent job in providing enough drama and action to keep any avid market watchers satisfied. The company is one of several struggling names with high short interest, which retailers have recently adopted and helped send shares stratospheric. The buying frenzy has triggering

Visa and Mastercard credit cards. Getty Images Check out the companies making headlines after the bell: Visa — Shares of the payments giant rose 1% in extended trading on Thursday after beating on the top and bottom lines of its quarterly results. Visa reported earnings per share of $1.42 on revenue of $5.69 billion. Wall

Perspecta shares closed 9.7% higher on Jan. 27 after the US government services provider agreed to be acquired by Veritas, in an all-cash deal worth $7.1 billion. The transaction is expected to close in the first half of this year. As part of the transaction, Perspecta (PRSP) shareholders will receive $29.35 in cash for each

Take a look at some of the biggest movers in the premarket: American Airlines (AAL) – American’s stock is surging more than 40% in premarket trading after a better-than-expected fourth quarter. The airline lost $3.86 per share, less than the anticipated loss of $4.11, and revenue came in above analyst forecasts. American did post an

by Michael Snyder Retail investors have banded together to turn over the tables on Wall Street, and it has created a wild frenzy that is making headlines all over the globe.  Unprecedented short squeezes have pushed the share prices of GameStop, AMC, Macy’s and BlackBerry to insane heights, and prominent voices in the financial world are

Plug Power (PLUG) shares have kicked off 2021 with a bang, rising nearly 90% since the turn of the year. The PLUG narrative is benefiting from favorable macro conditions; A new U.S. administration intent on forwarding the case for clean energy is acting as a strong catalyst, driving positive investor sentiment toward the stock. Adding

A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images The economy continued to chug along in the fourth quarter, boosted by a surge in business

by Kimble Charting Economically sensitive stocks have frequently sent an important message to the S&P 500. Is it possible that the largest bearish reversal pattern in 20-years could be sending an important message? This chart looks at U.S. Steel (X) on a monthly basis over the past 20-years. Since the 2008 highs, “X” has created a series of

Struggling retailer? Check. High short interest? Check. Soaring share price? Why, of course. Bed Bath & Beyond (BBBY) is displaying all the characteristics of a high-flying name in January 2021’s wacked stock market. BBBY shares are up by 198% year-to-date, driven by… well, not much really. Which is why Raymond James analyst Bobby Griffin has

Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines after the bell: Facebook — Shares of the social media giant was down more than 4% in after hours trading on Wednesday following its quarterly results. Earnings came in at $3.88 per share,

.@JoeBiden in October: “I have this strange notion, we are a democracy … if you can’t get the votes … you can’t [legislate] by executive order unless you’re a dictator. We’re a democracy. We need consensus.” pic.twitter.com/7UotJCXSm3 — Tom Elliott (@tomselliott) January 26, 2021 Mirrors: video.twimg.com/ext_tw_video/1354035193263353857/pu/vid/720×406/S3TgqAKkFOY7tfDJ.mp4?tag=10 video.maga.host/videos/watch/dcf1de71-7d71-4a21-a635-29519f4a21d1 h/t –Ponzo

Johnson & Johnson announced that it is likely to release the Phase 3 trial results of its Covid-19 vaccine candidate soon as the US pharma company reported its 4Q and FY20 earnings. Shares gained 2.7% and closed at $170.48 on Jan. 26. “We continue to progress our COVID-19 vaccine candidate and look forward to sharing

Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing reported a quarterly loss of $15.25 per share, which included $8.3 billion in charges relating to the 737 Max and a delay in the 777-X program, among other factors. Boeing’s revenue came in above Wall Street forecasts. Separately, EU

Authored by Sven Henrich via NorthmanTrader.com, Oh dear, the Fed has a problem. It’s one thing to deny a bubble when it’s only cranks like me on Twitter pointing out the unfolding market distortions. Yet bubble talk is now all the rage from Bloomberg, the FT, and others. Indeed Chineses stocks got in trouble last night

Finally, Jack Ma resurfaced last week. The Alibaba (BABA) founder made his first public appearance since October 24, when he picked a fight with the Chinese government over the state’s attitude toward big business. Since then, the government has shown Ma and Alibaba who’s boss, by halting its sister company Ant Financial’s slated blockbusting IPO

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the company’s annual shareholders meeting in Bellevue, Washington, on Nov. 29, 2017. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of the software giant popped more than 5% in after-hours trading after the company

by Michael Snyder The warmongers are back in control in Washington, but this time the wild-eyed lunatics that Joe Biden has surrounded himself with won’t just be starting wars in the Middle East.  Relations with China are already taking a turn for the worse, and the Chinese are warning that actions that the Biden administration

Microsoft (MSFT) will report F2Q21 earnings today after the bell, and Wedbush analyst Daniel Ives believes there is enough evidence to suggest the tech giant will post another “beat and raise special.” As with many companies offering cloud-based solutions, Microsoft has undoubtably benefitted from the Covid-19 driven trends, but Ives expects the tech giant to

A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines in midday trading. General Electric — Shares rose nearly 4% after General Electric’s industrial free cash flow came in better than expected for the

by Lance Roberts Why we reduced risk last week. During the last few weeks, I have discussed the rising levels of exuberance in the markets. On Friday, I tweeted the following: Money flows very close to flipping negative. I might be a few days early but we are dropping #equity exposure by selling our long-index trading positions

Twitter has entered into a binding agreement to settle the shareholder derivative lawsuits that accused CEO Jack Dorsey and other executives of misleading shareholders about Twitter’s growth, while selling their own personal stock. The lawsuits were first filed in October 2016 by shareholder Jack Porter, and accused Dorsey and his colleagues of misrepresenting the growth

Take a look at some of the biggest movers in the premarket: American Express (AXP) – The financial services giant reported fourth-quarter earnings of $1.76 per share, compared to a consensus estimate of $1.31 a share. Revenue matched Wall Street forecasts. Amex suffered a slump in travel and entertainment spending, although a jump in online

by Michael Snyder Have you heard about H.R. 1?  If not, I would urge you to read the text of the bill immediately.  It is called the “For The People Act”, and you can find it right here.  The text of this bill specifically states that Congress has the “ultimate supervisory power over federal elections”, but

Should you call GameStop’s (GME) astounding run-up this month amazing, or ridiculous? Perhaps “amazingly ridiculous” is a reasonable compromise. From Jan. 4, the first trading day of the New Year, through Monday’s close, shares of this terminally ill mall-based retailer (Q3 sales — down 30% year-over-year) have shot up 345% in three short weeks. And

by Michael Snyder Isn’t it amazing how all of the lockdowns can now be lifted now that Donald Trump is no longer president?  It has been less than a week since Joe Biden was inaugurated, and COVID restrictions are being ended in Michigan, Chicago, California and New York.  What an odd coincidence, eh?  Now that

Some companies favor a “do one job and do it well” approach. However, that is not the Sorrento Therapeutics (SRNE) way. While being laser-focused on just one objective can have its advantages, having a wider-based remit can be just as effective, if done well. That is certainly the opinion of Alliance Global analyst James Molloy