Month: September 2020

Last week, DraftKings (NASDAQ:DKNG) stock was trading well. Shares were climbing despite the overall market — and tech stocks specifically — taking a painful slide. Because of that strength last week, DraftKings stock was on a lot of investors’ radar coming into this week. Source: Lori Butcher / Shutterstock.com What many weren’t expecting, though, was
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Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Robinhood, the popular
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Check out the companies making headlines in the premarket Friday: Home Depot (HD), Lowe’s (LOW) — An analyst at Oppenheimer downgraded both of the home improvement companies to “perform” from “outperform.” He also lowered his price targets on the two stocks, noting that, near term, “we’re increasingly concerned that the market is becoming too lax toward chances
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Investing in marijuana stocks is typically a double-edged sword. These companies have garnered investor interest for their long-term potential, but continue to post sizable net losses. Additionally, the sluggishness in the wider legalization process continues to hamper growth and access to finance.  The index representing the industry The Alternative Harvest ETF (NYSEARCA:MJ) has shed 29% of
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It’s been a frustrating couple of months for silver (SLV) investors as the $50/oz silver targets have been swept under the rug, and the metal has been unable to gain any traction the past six weeks. While SLV entered the month of August as the best performing ETF, it’s been dethroned by the Solar ETF
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Writing about downside scenarios is not popular, but it is important to consider especially when stocks are near all-time highs. The idea of shorting stocks is combative by nature, and this is especially true for our stocks in this article. They are part of the beloved herd of equities that have led the market up
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Check out the companies making headlines after the bell:  Snowflake — Selling in the biggest software IPO continued in extended trading with shares of Snowflake down more than 1%. The cloud company dropped more than 26% in regular-hours trading after soaring 111% in its market debut Wednesday. Penn National Gaming — Shares of Penn National Gaming rose another
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The market expected an 80 bcf injection into storage Supplies are steaming towards the four trillion cubic feet level as the injection season winds down Inventories remain a warning sign- The November 3 election is a significant factor for the path of the natural gas price Time flies. It seems like yesterday when the winter
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On its face, the story of Genius Brands (NASDAQ:GNUS) stock admittedly looks intriguing. Genius Brands has some interesting intellectual property. Its executives have substantial industry experience. And GNUS stock suddenly is an awful lot cheaper. Source: Syda Productions/ShutterStock.com Indeed, GNUS has plunged from brief highs above $10 in early June to barely $1 as of
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Check out the companies making headlines before the bell: Snowflake (SNOW) — Shares of Snowflake dropped more than 6% after the cloud company’s shares more than doubled at its market debut on the New York Stock Exchange. The initial public offering marked the largest software debut ever. Snowflake was worth $70.4 billion at the end of Wednesday’s trading, more
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