Kynikos Associates Founder Jim Chanos told CNBC on Thursday that he just closed a bet against Chinese coffee chain Luckin on Thursday after first taking a short position earlier in the year on advice from fellow short-seller Carson Block and his firm, Muddy Waters Research. Luckin Coffee is down more than 70% on Thursday after
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A barista packs a coffee for online sales at a Luckin Coffee store in Beijing, China July 17, 2018. Jason Lee | Reuters Here we go again. It sounds outrageous: The chief operating officer of Luckin Coffee, the largest domestic coffee chain in the China, was accused by his own company of fabricating much of
Take a look at some of the biggest movers in the premarket: Constellation Brands (STZ) – The maker of Corona and other beer and spirit brands reported quarterly earnings of $2.06 per share, beating the consensus estimate of $1.65 a share. Revenue also came in above forecasts. The company is not providing any full-year guidance
[Editor’s note: “7 Super Stable Dividend Stocks to Buy Now” was previously published in February 2019. It has since been updated to include the most relevant information available.] It’s been a long few weeks for the market as COVID-19 worries have taken the main stage. Before things tanked, the stock market, as measured by the
In Swing Trading Today we review historical support levels for the S&P 500. Technical Analysis ✅Get Notified 15 Minutes To US Going Live Via Eamil (No Spam Pledge) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain points with trading- Then we focus on them until they are resolved https://www.surveymonkey.com/r/HW3YH2W ✅Bob’s 5
Stocks rallied early Thursday morning, only to give back much of those gains late in the session as market participants digested unsurprisingly poor, but still staggering, weekly jobless claims reports. Source: Provided by Finviz The S&P 500 jumped 2.27% The Dow Jones Industrial Average gained 2.23% The Nasdaq Composite fell 1.72% Earlier today, oil futures traded
The novel coronavirus is already proving to be the biggest economic shock to the world economy since the Great Financial Crisis of 2008. Perhaps it will be even worse than that by the time all is said and done, with a number of stocks to sell out there. In any case, the S&P 500 fell
Amidst growing global tumult, volatility has had the stock market swinging from extreme bearishness to brief moments of bullishness. And although the general direction is down, sticking to the game plan will pay off in the long run. Investors ought to stake claims in ongoing trends now to maximize returns over the next few years.
This is breaking news. Please check back for updates. Short seller Jim Chanos warned investors about piling into “virus stocks” boosted by the coronavirus lockdown temporarily. “One area I would warn people about for example is the virus stocks,” Chanos said on Thursday on CNBC’s Halftime Report. They are “doing well right now in this enforced lockdown.
A worker at NorthCape, an outdoor furniture manufacturer, makes personal protective equipment (PPE) on March 30, 2020 in Alsip, Illinois. Scott Olson | Getty Images March’s employment report could show the most monthly job losses in a decade, but it’s only a fraction of the real hit to the workforce that came when many states
Ford (NYSE:F) stock may not yet have seen the worst of the downturn. It is down by more than 50% from its 52-week highs. But that is not all. Ford cut the dividend to zero. So there is no buffer for F stock. Source: Jonathan Weiss / Shutterstock.com But let’s look forward. When is the
The market expected another small withdrawal of 6 bcf Natural gas moves back towards the low The deflationary spiral continues, but it is a bumpy road It is now April 2, and the time of the year for a transition from withdrawals to injections into storage in the natural gas market. In 2019, the final
Tonight on Sunday Night Stock Charts Live we discuss if the stock market will continue to breakdown or will it breakout. We will review the stock charts of the futures price actions and perform technical analysis. ✅15 Minute Live-Stream Alert List! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand
After the worst first quarter in the history of the Dow Jones Industrial Average, long-side traders hoped that April Fool’s Day would provide some relief. Boy, were they disappointed. Source: Shutterstock Perhaps the market slid on Wednesday because the White House predicted a “very, very painful two weeks.” In any case, the coronavirus from China
There are a number of ways to invest during the crisis brought on by the novel coronavirus. Most traders focus on the typical coronavirus stocks, which tend to represent companies working on vaccines and treatments. Co-Diagnostics (NASDAQ:CODX) stock, on the other hand, is a different type of coronavirus stock. As the company’s name implies, this
In today’s episode of let’s talk stocks, we’re going to cover some technical analysis basics. We’ll talk about the double bottom stock chart pattern, which is a reversal pattern. We’re going to take a look at what the pattern looks like and how to recognize it, it’s previous trend, as well as the volume, projection
There are some key differences between ETFs and ETNs that investors should be aware of.
While Gilead Sciences (NASDAQ:GILD) appears to have a possible treatment for COVID-19 in remdesivir, which is good news for owners of GILD stock, we are still miles away from knowing who the winners will be in the 2020 version of the Gold Rush. Source: Casimiro PT / Shutterstock.com One of the things I’ve stressed in
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS Heading into earnings season, investors should expect delayed reports, withdrawn forecasts and confusing results from U.S. businesses grappling with the coronavirus shutdown. There is a general consensus that company earnings are going
The entrance to a Macy’s department store. Jeffrey Greenberg | Universal Images Group | Getty Images Macy’s is being dropped from the S&P 500, and in a sign of how far the fortunes of the retail space have fallen amid the coronavirus-related shutdowns, it is not being demoted to the mid-cap S&P 400, it’s being