Investing in penny stocks has always held a certain charm. The idea of owning vast quantities of shares in a company with moonshot potential for a minimal sum appears as an easy way to prosperity. However, lurking behind this allure lies a world filled with incredible volatility. While some undisputed gems are trading under $5,
Month: October 2023
Fifth Third Wealth Advisors LLC lifted its stake in Eli Lilly and Company (NYSE:LLY – Free Report) by 232.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900 shares of the company’s stock after purchasing an additional 2,028 shares during the period.
People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan in New York City on June 23, 2023. Spencer Platt | Getty Images Check out the companies making headlines in premarket trading. Rivian — Shares of the electric vehicle maker plunged 8.7% after Rivian announced a $1.5 billion convertible bond sale
The year has been subdued for oil and gas stocks. It’s not surprising because oil traded below $70 per barrel in the first half of the year. Before talking about stock predictions for the sector, it’s important to mention that the outlook for 2024 is likely to be better. There are several oil & gas
While holding long-term investments, investors often find themselves at the crossroads of opportunity and risk. As October approaches a season historically known for market volatility, it’s crucial to scrutinize investment portfolios. This article contains an analysis of the financial turbulence surrounding three companies. The first one’s lending business hangs in the balance, susceptible to the
Provence Wealth Management Group boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,549 shares of the semiconductor manufacturer’s stock after acquiring an additional 165 shares
McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in convertible notes and offered preliminary third-quarter revenue guidance roughly in line with Wall Street’s
In Q2 2023, U.S. household wealth hit an all-time high at $154.3 trillion, marking a crucial milestone for the stock market. This achievement signals the full rebound of consumer wealth after facing challenges linked to inflation-driven fluctuations in real estate and stock prices. Positive U.S. economic data in September, including retail sales and producer prices,
If you’re looking for streaming stocks to sell, Netflix (NASDAQ:NFLX) might have tipped its hand recently about its plans for the future. The Wall Street Journal reported on October 3rd that NFLX was looking to raise the price of its ad-free streaming tier once the actor’s strike ends. That’s a common theme right now. All
Breakwater Capital Group boosted its stake in iShares MSCI EAFE Growth ETF (BATS:EFG – Free Report) by 12.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,899 shares of the company’s stock after purchasing an additional 2,253 shares during the quarter. Breakwater Capital Group’s
Signage outside Intel headquarters in Santa Clara, California, on Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Intel — Shares popped 2.5% after the chipmaker announced it would be operating its programmable chip unit as a stand-alone business. Intel plans to conduct an
The online world makes it easier for us to connect with people, buy products, and consume content. Anyone can enter this digital space with a computer, tablet, or smartphone. While many people touted the benefits of this level of connectivity during the internet’s early days, the disadvantages and risks have been gaining more attention. This
Semiconductor-producing companies are vital to the global economy because most electronic equipment, such as smartphones, vehicles, televisions, refrigerators and medical care devices require the technology. The VanEck Semiconductor ETF (NASDAQ:SMH) is a popular metric for tracking the industry as a whole. Over the past year, it has returned 43%, and over the past five years,
Tandem Diabetes Care (NASDAQ:TNDM – Free Report) had its target price lowered by Jefferies Financial Group from $47.00 to $45.00 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the medical device company’s stock. Other analysts have also recently issued reports about the
The Fluor Corporation logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Fluor Corporation — The engineering and construction company gained 2% after UBS upgraded Fluor shares to buy. The Wall Street firm is bullish on Fluor after reaching agreements to complete
At first glance, things seem rather bleak for the retail stocks category. Consumer spending is set to decline as the economy weakens. Inflation has caused folks to tighten their belts. The resumption of student loan payments will further crimp household budgets. And soaring interest rates make it harder to obtain affordable consumer credit. That’s all
The Federal Reserve has signaled that it will keep interest rates higher for a longer period of time than expected. Therefore, traders and analysts will have more time to scrutinize the financials of companies, making speculative stock plays less tenable. Speculative stocks are those that have seen a price increase due to trader speculation as
Values Added Financial LLC acquired a new position in Accenture plc (NYSE:ACN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 730 shares of the information technology services provider’s stock, valued at approximately $225,000. A number of other
Morgan Stanley closed large banks’ second quarter earnings season on Wednesday morning with the most significant beat on Wall Street. Though the firm’s results were down from this time a year ago, they underscored that Wall Street’s biggest banks were able to navigate today’s lower for longer interest rate environment and recent jitters in global markets that
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on CNBC’s “Last Call” on