Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier in the session. The stock of the electric car maker has come under marked pressure
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The single most important thing to do today is “watch and wait.” Stocks got slammed yesterday. For all of the carnage, the S&P 500 held its bull market trendline. If the TOP is indeed in as many are claiming, we should take this line out shortly. Something to watch before panicking. The NASDAQ, despite an
In addition to being the OTT leader, Roku (ROKU) usually generates strong opinions. Is the loss-making TV disruptor overvalued or is its rich valuation justified due to its future growth potential? Some Wall Street analysts claim it is a harbinger for how all TV will be consumed in the future, even going so far as
A pedestrian outside the New York Stock Exchange in New York, July 29, 2020. Wang Ying | Xinhua News Agency | Getty Images The tech wreck is probably not over, despite Friday’s market comeback. Analysts expect the shakeout in stocks to continue after the long Labor Day weekend, especially in technology names and the Nasdaq,
by John Ward Type ‘Covid19’ into Google these days, and the map above is ever-present. As you can tell straight away, Coronavirus has mutated into large, ugly blue bubons all across the continent, and the spikes are at their peak in France, Spain, Britain, Italy, Germany and Poland. Note, as ever, the absence of numbers.
As fears of a tech bubble and stretched valuations become the talk of the town, investors are turning to Wall Street titans for guidance, namely Ken Griffin. Founding hedge fund Citadel in 1990, the firm now boasts over $35 billion worth of assets under management. As a 19-year-old sophomore at Harvard University, Griffin began trading
SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images Japan’s SoftBank was reportedly the “Nasdaq whale,” that bought billions of dollars in individual stock options in big tech companies over the past month, driving up volumes and
by Martin Armstrong There has been a lot of turmoil about just how many people have died from COVID. The problem stems from the fact that they have other diseases and perhaps COVID has pushed them over the edge. Of those under 55, only 14,047 people have died WITH COVID but with other complications according
Yext shares rose over 4% in pre-market session on Friday after delivering upbeat 2Q results. Its revenue of $88.1 million soared 22% year-over-year and also came ahead of analysts’ expectations of $85.2 million. The software developer reported 2Q loss of $0.07 per share, but it was narrower than analysts’ loss expectations of $0.12 per share.
As Phase One of reopening begins in Northern Virginia today, a waiter in a face mask to protect against the coronavirus (COVID-19) carries food to diners seated outdoors at a restaurant in Alexandria, Virginia, May 29, 2020. Kevin Lamarque | Reuters The pace of rehiring is expected to have slowed in August, and the economy
Stocks exploded higher yesterday with a massive intervention coming around 11:30AM. As impressive as this intervention was, it was NOTHING compared to the one that hit FANG stocks. The FANG index soared over 3% when the intervention hit at 11:30AM. This has been the overall theme since the market bottom in March. The big FANG
On Tuesday, Nvidia’s (NVDA) launched its new PC gaming GeForce graphics processing units, the 2nd gen GeForce RTX 30 Series – the 3090, 3080 and 3070 GPUs— all based on the company’s Ampere architecture. The “30 series” offers gamers and game developers extra performance and flexibility and boasts GPUs with 3D rendering gaming engines, 3rd-gen
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters When stock buying starts to get giddy, at some point, the froth has to blow
by Chris Vermeulen of The Technical Traders RESEARCH HIGHLIGHTS: A Phase II rally in metals is just getting ready to start. Phase II rallies are very explosive and tend to enter Parabolic trends. Gold could rally 250% to 350% over the next several years. Silver could rally 550% to 750% over the next several years. My research team
After the pandemic and economic hit in the first half of the year, the markets have found a clear path forward. The S&P 500 is up 8% year-to-date, and the NASDAQ has gained 30% this year. The gains are heading into the rarefied reaches of the financial stratosphere, and it’s important not to lose perspective.
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook announced it would not accept new political ads in the week before Election Day, and will remove posts that claim people will get Covid-19 if they take part in voting. Facebook will also add informational labels to any posts
by confoundedinterest17 The global economy never recovered from the carnage created by the financial crisis of 2008. One measure that shows how bad things have gotten is the Laubach Williams “Natural Rate of Interest” or R-star which is now at an all-time low. (R-star is the real interest rate expected to prevail when the economy is
Shares of Ambarella are trading down 3.4% in Thursday’s pre-market session after the video and image processing chipmaker provided a lower-than-expected revenue outlook for 3Q. The company forecasts revenues between $52 million and $56 million, while analysts are projecting sales of $56.4 million. Nonetheless, Ambarella (AMBA) reported better-than-expected 2Q results. The company’s revenues of $50.1
Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer lost 81 cents per share for its second quarter, less than the $1.77 a share loss that Wall Street analysts were expecting. Revenue also beat Wall Street forecasts. Comparable-store sales fell more than expected, but Macy’s also saw
While many small pharma companies are racing to bring various coronavirus-related solutions to market, it is one of Big Pharma’s representatives that has flexed its muscles with the latest meaningful product. Last week, Abbott Laboratories (ABT) announced it had been granted emergency use authorization (EUA) by the FDA for its rapid COVID-19 antibody test, BinaxNOW.
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY. Gary Hershorn | Getty Images Check out the companies making headlines after the bell: Five Below — Five Below shares rallied after the close of the regular session Wednesday evening after it said sales
The bullish trend, which has been going on five months now, continues. The S&P 500 and NASDAQ set a new all—time high, and the Dow Jones is holding above 28,000, a level it has not seen since the end of February. But what goes up, must come down; even Superman must come back down to
Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, U.S., on Thursday, April 4, 2019. The SEC says Musk violated his agreement with the agency when he tweeted on February 19 that Tesla would make about half a million cars in 2019, before tweeting a few hours later that
Yext (YEXT) is gearing up to report its FQ2 results on Thursday, September 3. And ahead of this key date, five-star RBC Capital analyst Mark Mahaney has reiterated his buy rating on the digital data manager with a $22 price target (9% upside potential). “We believe FQ2 estimates are reasonable, with an equal likelihood of
Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
by Michael Snyder Once in a while, someone says something that perfectly captures the moment that we are currently facing. Earlier today, I believe that I stumbled upon an example of this, and I will be sharing what I found in this article. So far this year, our nation has faced one crisis after another,
Last week ended on a disappointing note for investors of NASH drug developer Viking Therapeutics (VKTX). Successive days in the red resulted in a cumulative share loss of 13%. The sell-off was instigated by two seemingly negative events. Firstly, Viking presented data from the Phase 2 study of VK2809 in patients with non-alcoholic fatty liver
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of 92 cents per share, more than doubling the 45 cents a share consensus estimate. Revenue came in well above Street forecasts. Zoom also raised its annual revenue forecast by more than 30%, with the
By Josh Owens Oil jumped spiked on Tuesday morning on the back of positive manufacturing news and a weakening of the dollar. Chart of the Week – From 2011 to mid-2020, roughly 95 GW of coal-fired capacity has gone offline, with another 25 GW slated to shut down by 2025. – The U.S. coal fleet
Last week was an excellent one for investors of Workday (WDAY). The stock gained a hefty 27%, culminating in a 13% rise on Friday, as Wall Street applauded the enterprise software specialist’s strong second quarter results. In fiscal 2Q21, Workday reported revenue of $1.06 billion, a 19.4% year-over-year increase and $20 million above consensus. The