NurPhoto | NurPhoto | Getty Images One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021’s top-performing hedge fund Senvest Management was able to notch $700 million in
As I write this, Groundhog’s Day isn’t for another week or so. However, the Federal Reserve certainly seemed to signal that it was business as usual. Bullish investors got about the most dovish statement they could have asked for. This means stocks are likely to head back up. So why write about mutual funds? Well
In this article AAPL CVX CAT VFC V MDLZ Check out the companies making headlines before the bell: Caterpillar (CAT) – Caterpillar earned an adjusted $2.69 per share for the fourth quarter, beating the $2.26 consensus estimate, with revenue also coming in above analyst forecasts. The heavy equipment maker’s sales were up 23% from a
Vinco Ventures (NASDAQ:BBIG) has apparently closed on the purchase of 80% of Lomotif, a Tik Tok competitor that recently launched in India. However, its holding in the 80% is through a division that in which it has just a 50% interest. In effect, it controls just 40% of Lomotif. So far that acquisition has done
I wrote about Gevo (NASDAQ:GEVO) in February 2021 when it was heading towards its meme-stock induced 52-week high. As a company that was, and remains, a pre-revenue company, I made a bearish call on GEVO stock. Source: Shutterstock That proved to be the right call. Since February, GEVO stock went on a steady trip lower,
In this article HOOD Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Robinhood clawed back its major losses on Friday as investors looked past disappointing guidance from the company and rallied around progress on new product developments. Shares of
The plant-based boom is just starting to sprout. In fact, with millions of people turning to plant based diets, analysts at Credit Suisse say the industry could grow 100-fold to $1.4 trillion by 2050, as noted by VegNews’ contributor Anna Starostinetskaya. Shorter-term, Bloomberg Intelligence says the plant-based industry could balloon to $162 billion by 2030
Nearly the entire stock market is under pressure at the moment. Technology, healthcare, retail — it doesn’t matter. Even the safety we find in dividend stocks is under assault. In fact, almost everything is under pressure right now, with the exception of energy stocks. Overall, dividend stocks aren’t inherently safe or dependable. You have to
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and
GameStop (NYSE:GME) has taken a huge hit in the past month and a half since its earnings came out for the quarter ending Oct. 30. As of Jan. 28, GME stock is at $94.65 per share, down from $148.39 at the year-end and also from a recent peak of $247.55 on Nov. 22. Source: Shutterstock
South Korean e-commerce giant Coupang (NYSE:CPNG) made a splashy debut with its initial public offering in March. CPNG stock was priced at $35 a share. It shot up to a high of $69 on its first day of trading before closing up 40%. Since then, it’s been mostly downhill for shares. Source: Michael Vi /
The video game console wars are closely followed by gamers worldwide. Though the financial aspect is often lost in the noise surrounding it, profitability is the most important metric that a company looks for in the end. The war for top-selling video consoles has expanded from merely selling consoles to offering online access and subscription-based services. The battle for
The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday. “I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory. “We have to
Earlier in January, I suggested that the lower C3.ai (NYSE:AI) traded under $30, the more attractive AI stock became. Two weeks later, the company, whose digital twin software I like, has seen its share price fall by $5, down 84.5% over the past 52 weeks. Source: shutterstock As I write this, C3.ai’s share price is
With the Federal Reserve expected to start raising interest rates in March, some investors feel that this will make it more difficult to find winning stocks to buy. However, the idea that interest rates move markets is debatable. As rates rise, it’s possible that income-concerned investors will be less incentivized to buy dividend-paying stocks, opting
Logo on an Apple store is seen in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters Check out the companies making headlines in midday trading. Apple — Shares of the tech giant jumped more than 5% following a strong quarterly report that showed its largest single quarter in terms of revenue ever. Apple beat analyst estimates
At just under $2.50 per share, there’s no question that ContextLogic (NASDAQ:WISH) is a low-priced stock. But is WISH stock a cheap stock, in terms of valuation? That’s another question entirely. Source: sdx15 / Shutterstock.com Sure, with a market capitalization of $1.4 billion, against $2.59 billion of trailing 12-month sales, its price-sales (P/S) ratio of around
Maryland-based pharmaceutical company Novavax (NASDAQ:NVAX) is a Wall Street disappointment right now. NVAX stock is down more than 40% so far this year. But that doesn’t tell the full story of the stock’s slide. Source: vovidzha / Shutterstock.com It was less than a year ago that NVAX stock traded for a hair under $330 per
A Falcon 9 rocket launches the GPS III SV05 satellite on a mission for the U.S. Space Force on June 17, 2021. SpaceX Elon Musk’s SpaceX broke its own annual orbital launch record last year, and it’s looking to pick up the blistering pace further in 2022 to an average rate of one per week.
Tech stocks, including most big tech names, have been performing very badly in the first few weeks of this year. The Nasdaq 100, which is made up primarily of large tech companies, has tumbled 13% in 2022 so far. But investors who follow a few principles when it comes to buying large tech stocks can