One of the worst ways to try to catch a big move in the stock market is to get carried away by news like institutional investors supporting beaten-down stocks like Robinhood Markets (NASDAQ:HOOD). Institutional investors know that when their investments moves are made public, retail investors will mimic them. So, they will push stock prices
Month: June 2022
Kirkland’s (NASDAQ:KIRK – Get Rating) was downgraded by equities research analysts at TheStreet from a “c” rating to a “d+” rating in a report released on Tuesday, TheStreetRatingsTable reports. Other equities research analysts have also recently issued reports about the company. Benchmark cut their target price on Kirkland’s from $25.00 to $15.00 and set a
In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Citigroup shares got a boost from Warren Buffett who just disclosed a big stake in the struggling bank. The bank stock jumped more than 5% in premarket trading after a filing revealed Monday evening that Buffett’s Berkshire Hathaway added more
In this article BRK.A PARA In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Paramount Global jumped Tuesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the media company. The stock
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as
Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images The U.S. affiliate of crypto exchange FTX said Thursday it plans
In this article @RB.1 @CL.1 A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now
(Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in assets spanning a diverse portfolio comprised of real estate, private equity, infrastructure, energy transition, credit,
In this article MS Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood. The Bahamas-based
Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images SEC Chair Gary Gensler is testifying
In this article YRI-CA GFI-ZA CSG.N-CH ULVR-GB SAN-FR 9866-HK Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $6.7 billion. Yamana Gold shareholders will receive 0.6 Gold Field shares for each share they
In this article AEO 9866-HK ULVR-GB FANG MRO Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy — Energy stocks rose along with oil prices after an agreement from European Union leaders to ban
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE S&P 500 futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures gained 36 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.8%, respectively. The U.S. stock market didn’t
In this article AMBA 9898-HK VSCO CRM HPQ CPRI Check out the companies making headlines before the bell: Capri Holdings (CPRI) – The parent of luxury brands, like Michael Kors, Versace and Jimmy Choo, saw its stock surge 11% in the premarket after posting better-than-expected quarterly numbers before giving back nearly all those gains. Capri
In this article VSCO AMBA HPQ CRM Salesforce Noam Galai | Getty Images Here are the stocks making notable moves in extended trading on Tuesday. Salesforce — Shares of the software giant rose 6% after Salesforce issued stronger-than-expected first-quarter results. The company reported 98 cents in adjusted earnings per share on $7.41 billion of revenue.
Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce — Shares of the enterprise-software maker jumped nearly 10% after the company’s stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its
In this article MDB CHWY HPE A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Chewy — The pet retailer’s
OPEC+ is expected to stick to its current production agreement for now, but behind the scenes the oil-producing nations could be planning for the day when Russia’s contribution to world oil supply could be far reduced. The European Union’s move to ban most Russian oil and put new sanctions on shipping insurance could seriously hamper
There’s a lot going on with Amazon (NASDAQ:AMZN) stock currently. But the overall thrust is that it’s a great time to invest after shares have fallen roughly 28% year-to-date — nearly 38% down at its trough. Let’s start by accounting for the recent stock split news as well as the so-called retail wreck and how