Posts filtered by tags: Matthew-Fox[x]


 

Churchill Capital Corp. IV spikes up to 17% after Barstool Sports founder Dave Portnoy says he bought the stock

Getty Images / Cliff Hawkins Churchill Capital Corp IV spiked up to 17% on Friday after Barstool Sports founder Dave Portnoy tweeted that he bought the stock.The EV maker has had a volatile week, with shares down 52% since it announced its planned merger with Lucid Motors."I had a billion people tell me $CCIV was the go button today. I bought it. I'll prob get killed," Portnoy tweeted.Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Churchill Capital Corp...
Tags: Finance, Trends, Markets, Trading, Warren Buffett, Stock Market, Robinhood, Churchill, Portnoy, Matthew Fox, Barstool Sports, Lucid Motors, Dave Portnoy, Mover, Churchill Capital, Churchill Capital Corp


An indicator that's historically signaled market bottoms with incredible accuracy just flashed again, according to Tom Lee

Spencer Platt/Getty Images A rapid rise in interest rates over the past month has led to volatility in the stock market, with high growth stocks tumbling as inflation fears persist.The tech-heavy Nasdaq 100 is off about 7% from its recent high, while the S&P 500 is down 3%.But one indicator that has historically marked a bottom in stocks just flashed again, according to Fundstrat's Tom Lee.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.An indicator that has been h...
Tags: Trends, Markets, Stocks, US Treasury, Stock Market, Lee, Tom Lee, Spencer Platt Getty Images, CBOE, Matthew Fox, Fundstrat, Stock Market Outlook, Stock Market Analysis, Analyst Note, Stock Market Outlook 2021, Stock Market 2021


This week's GameStop surge could be upending the stock market as it leads hedge funds to reduce leverage, Fundstrat's Tom Lee says

Reuters This week's 355% surge in GameStop could be upending the entire stock market, according to Fundstrat's Tom Lee.Stocks sold off broadly on Thursday, with major averages like the S&P 500 and Nasdaq 100 down more than 2% at intraday lows."It's not surprising to see GameStop create another wave of panic and post-traumatic de-gross, Lee said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.This week's stock market sell-off could in part be due to the recent surge...
Tags: Trends, Markets, US Treasury, Gamestop, Bell, Reuters, Lee, Tom Lee, Matthew Fox, Ryan Cohen, Lee Instead, Fundstrat, Stock Market Outlook, Stock Market Analysis, Analyst Note, Gamestop stock price


Workhorse jumps as Cathie Wood's Ark Invest buys the dip following more than 50% decline on USPS contract loss

Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs of the last three years. ARK Invest Cathie Wood's Ark Invest was not fazed by the more than 50% decline in shares of Workhorse Group this week.The ARK Autonomous Technology and Robotics ETF bought 660,500 shares of Workhorse on Wednesday.Workhorse rallied as much as 9% in Thursday trades, but shares are still down significantly after the company lost out on a contract with...
Tags: Finance, Trends, Markets, Tesla, Bloomberg, US Postal Service, Usps, Trading, Stocks, Stock Market, Matthew Fox, Workhorse Group, Workhorse, Cathie Wood, ARK Invest, Stock Market 2021


Pandion Therapeutics soars 132% after Merck agrees to buy the biotech for $1.85 billion

Merck & Co. CEO Kenneth C. Frazier Stephanie Keith / Stringer / Getty Images Pandion Therapeutics soared 132% on Thursday after Merck agreed to acquire the biotech firm for $1.85 billion.Merck will initiate a tender offer through a subsidiary to acquire all outstanding shares of Pandion for $60 per share.Pandion develops therapeutics targeting patients living with autoimmune diseases.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Merck sparked a 132% surge in Pandi...
Tags: Finance, Trends, Markets, Merck, Stock Market, Merck Co, Matthew Fox, Merck Research Laboratories, Pandion Therapeutics, Pandion, Mover, Merger and Acquisitions, Stock Market 2021, Merck stock, Merck stock price, Kenneth C Frazier Stephanie Keith Stringer Getty


Dow closes at record high as Powell signals Fed to remain accommodative

Xinhua/Wang Ying/ Getty Images The Dow Jones Industrial Average closed at record highs on Wednesday as Federal Reserve Chairman Powell signaled that the Fed will continue to remain accommodative. Powell wrapped up his second day of testimony to Congress and said the economy still needs support given that the unemployment rate and inflation has yet to reach the Fed's target.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The Dow closed at record highs on Wednesday a...
Tags: Congress, US, Trends, Tesla, Treasury, Fda, Federal Reserve, Foxconn, Buffett, Fed, SPAC, Johnson Johnson, Powell, Daily Journal, Charlie Munger, Jerome Powell


Fisker soars 45% after it partners with Foxconn to develop and manufacture a new electric vehicle

The Fisker Ocean. Fisker Fisker Inc. soared 45% on Wednesday after it said it will collaborate with Foxconn to develop and manufacture electric vehicles.Fisker and Foxconn will develop Fisker's second vehicle, which it expects to start production in the fourth quarter of 2023.Foxconn is expected to manufacture the vehicle at annual volumes of more than 250,000.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Fisker Inc. soared as much as 45% on Wednesday after it sai...
Tags: Apple, Electric Vehicle, India, Trends, Markets, Ocean, Stocks, Stock Market, EVs, Young, Foxconn, Fisker, Matthew Fox, Fisker Inc, North America Europe China, Stock Market 2021


Fundstrat's Tom Lee urges investors to buy oil stocks as energy 'FOMO' picks up, see's 278% upside in this ETF

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary Reuters The fear of missing out is likely starting to pick up for investors who have little exposure to energy stocks, according to Fundstrat's Tom Lee.The energy sector is up 32% year-to-date, but with such a low weighting in the S&P 500, investors have little exposure to the sector.Lee said one oil ETF could surge 278% if the price of oil makes its way to $80 per barrel.Sign up here for our daily newsletter, 10 Things Before t...
Tags: Energy, Trends, Calgary, Lee, Charlie Munger, Tom Lee, Matthew Fox, Fundstrat, Lee Warren Buffett, VanEck Vectors Oil ETF


A fast economic reopening is a double-edged sword for the stock market that could lead to value outperforming while growth stocks lag, Ned Davis Research says

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Andrew Kelly/Reuters A plunge in COVID-19 cases and a faster economic reopening brings mixed signals for the stock market, according to a note from Ned Davis Research.Value stocks outperforming growth stocks is a likely scenario if the economy recovers quickly from the pandemic, the note said."Higher interest rates could moderate broad market gains," NDR said.Sign up here for o...
Tags: Finance, US, Trends, Markets, Trading, Stock Market, Nyse, Fed, New York City New York, NDR, New York Stock Exchange NYSE, Matthew Fox, Ned Davis Research, Andrew Kelly Reuters, Stock Market Outlook, Stock Market Analysis


Cathie Wood's flagship Ark Innovation fund suffers worst outflows on record amid tech decline

A trader reacts during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. JOHANNES EISELE/AFP via Getty Images Cathie Wood's Ark Invest was hit with record outflows amid this week's tech sell-off, according to data compiled by Bloomberg.Investors pulled $465 million out of the flagship Ark Innovation ETF, representing the largest single-day withdrawal ever.But Wood is sticking to her high-growth strategy, with her team buying the rec...
Tags: Wall Street, Trends, Tesla, Bloomberg, Wood, Afp, Apple Amazon, New York Stock Exchange NYSE, Matthew Fox, Bloomberg Investors, Cathie Wood, New York City JOHANNES EISELE, Getty Images Cathie Wood, Twitter Wood


Fisker soars 26% after it partners with Foxconn to develop and manufacture a new electric vehicle

The Fisker Ocean. Fisker Fisker Inc. soared 26% on Wednesday after it said it will collaborate with Foxconn to develop and manufacture electric vehicles.Fisker and Foxconn will develop Fisker's second vehicle, which it expects to start production in the fourth quarter of 2023.Foxconn is expected to manufacture the vehicle at annual volumes of more than 250,000.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Fisker Inc. soared as much as 26% on Wednesday after it sai...
Tags: Apple, Electric Vehicle, India, Trends, Markets, Ocean, Stocks, Stock Market, EVs, Young, Foxconn, Fisker, Matthew Fox, Fisker Inc, North America Europe China, Stock Market 2021


Fisker soars 20% after it partners with Foxconn to develop and manufacture a new electric vehicle

The Fisker Ocean. Fisker Fisker Inc. soared 20% on Wednesday after it said it will collaborate with Foxconn to develop and manufacture electric vehicles.Fisker and Foxconn will develop Fisker's second vehicle, which it expects to start production in the fourth quarter of 2023.Foxconn is expected to manufacture the vehicle at annual volumes of more than 250,000.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Fisker Inc. soared 20% on Wednesday after it said it entere...
Tags: Apple, Electric Vehicle, India, Trends, Markets, Ocean, Stocks, Stock Market, EVs, Young, Foxconn, Fisker, Matthew Fox, Fisker Inc, North America Europe China, Stock Market 2021


US stocks dip as investors weigh spiking yields against stimulus promises

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020 at Wall Street in New York City Johannes Eisele/AFP via Getty Images US stocks declined on Wednesday as investors weighed rising interest rates against fiscal stimulus progress.Stocks extended their decline from Tuesday's volatile tech sell-off, which saw the Nasdaq 100 briefly down as much as 4%.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were lower on Wednesd...
Tags: Congress, Wall Street, US, Trends, Tesla, Treasury, Fda, Federal Reserve, Foxconn, Afp, Johnson Johnson, Powell, Jerome Powell, MicroStrategy, New York Stock Exchange NYSE, Matthew Fox


Bitcoin's sell-off is 'part of its DNA' and could still surge to $100,000, Fundstrat's Tom Lee says

Cindy Ord/Getty Images Bitcoin's recent correction of more than 20% is "part of its DNA and its history," Fundstrat's Tom Lee said in a tweet on Tuesday.Lee reiterated his $100,000 price target on bitcoin, arguing that the sell-off doesn't change fair value.Bitcoin "looks on sale," Lee Tweeted.Sign up here for our daily newsletter, 10 Things Before the Opening BellThe more than 20% sell-off in bitcoin this week shouldn't be a surprise to investors familiar with the cryptocurrency, accordin...
Tags: Finance, Trends, Markets, Bitcoin, Crypto, Trading, Lee, Tom Lee, Matthew Fox, Fundstrat, Bitcoin Price, Crypto Assets, Analyst Note, Bitcoin Analysis, Bitcoin Price 2021, Cindy Ord Getty Images Bitcoin


The Fed is looking carefully at issuing a digital dollar, Chairman Jerome Powell tells Congress

Sarah Silbiger/Getty Images Federal Reserve Chairman Jerome Powell told Congress on Tuesday that it is looking carefully at issuing a digital US dollar.Powell called the potential digital dollar a "high priority" project, according to the testimony.The potential issuance of a digital dollar would come amid a surge in cryptocurrencies like bitcoin, which briefly surpassed $1 trillion in market value last week.Sign up here for our daily newsletter, 10 Things Before the Opening BellFederal Re...
Tags: Congress, US, Trends, Markets, Crypto, Trading, Federal Reserve, Cryptocurrencies, Fed, Powell, Jerome Powell, Matthew Fox, Sarah Silbiger, Digital Dollar, Getty Images Federal Reserve, Things Before the Opening BellFederal Reserve


Long Blockchain, former iced-tea turned crypto company, has its shares delisted by the SEC

Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images Shares of Long Blockchain have been delisted by the SEC after failing to file its financial reports.The company formerly operated as an iced-tea company, but it tried to pivot to blockchain and changed its name to Long Blockchain from Long Island Ice Tea amid the bitcoin frenzy of 2017.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.One chapter of the 2017 bitcoin craze ended ...
Tags: Trends, SEC, Long Island, Matthew Fox, FARMINGDALE New York, Long Blockchain, Long Blockchain Corporation, Long Island Ice Tea Corp, Jaap Arriens NurPhoto, Getty Images Shares of Long Blockchain, Bloomberg Long Blockchain


Tesla's stock is now 'heavily tied' to the fate of bitcoin after the company's $1.5 billion purchase

Elon Musk. Britta Pedersen-Pool/Getty Images Tesla's $1.5 billion purchase of bitcoin last month means the company's stock is "heavily tied" to the digital currency, Wedbush analyst Dan Ives said in a note on Tuesday.Tesla stock has dropped 21% since it announced its purchase of bitcoin earlier this month."It's 'buckle up the seat belt time' again for Tesla's stock with more volatility on the horizon," Ives said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Tesla ...
Tags: Elon Musk, Finance, Trends, Markets, Tesla, Bitcoin, Trading, Wedbush, Ives, Matthew Fox, Tesla Stock, Dan Ives, Bitcoin Price, Cathie Wood, Analyst Note, Tesla stock price


Roblox videogame platform plans to go public via direct listing next month after twice delaying its IPO

David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California. Ian Tuttle/Getty Images Roblox said it plans to go public through a direct listing next month, according to a filing from the company.Roblox is a video game platform that was most recently valuated at $29.5 billion last month.The firm had previously planned to go public via a traditional IPO late last year, but delayed the public debut following the volatile o...
Tags: Finance, Ipo, Trends, Markets, Trading, SEC, New York Stock Exchange, Stock Market, Doordash, Goldman Sachs Morgan Stanley, Matthew Fox, Roblox, David Baszucki, Bank of America Securities, Roblox IPO, Ipo 2021


'Flood gates are about to open': Bank of America just boosted its forecast for 2021 US GDP growth for these 3 reasons

The IMF said vaccines would help the US economy recover sharply in 2021 MediaNews Group/Orange County Register via Getty Images The US economy is set for "stellar" economic growth in 2021, Bank of America said in a note on Monday.The bank increased its 2021 US GDP growth estimate to 6.5% from 6.0% as it has become "more convinced" that the economy is set for a rebound after the COVID-19 pandemic.Detailed below are the three reasons why Bank of America just increased its 2021 US GDP growth f...
Tags: New York, California, Finance, US, Trends, Markets, Bank Of America, Economy, Stock Market, Imf, Fed, BofA, Matthew Fox, GDP growth, Economic Outlook, Economic Forecast


People's United jumps 14% after M&T agrees to buy the regional bank for $7.6 billion

Lucas Jackson/Reuters People's United Financial surged 14% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 14% on Monday after M&T Bank agre...
Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial


Famed Reddit trader Keith Gill has piled more money into his GameStop investment

Keith Gill, an individual online investor in GameStop, testifies during an entirely virtual hearing of the House of Representatives Committee on Financial Services entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide?” House Committee on Financial Services/Handout via Reuters Keith Gill has put his money where his mouth is and purchased more shares of GameStop, according to a screenshot posted to Reddit.Gill bought 50,000 shares of the vi...
Tags: Microsoft, Congress, Finance, Trends, Markets, Sony, Reddit, Trading, Gamestop, Reuters, Gill, Matthew Fox, Keith Gill, Gamestop stock price, Gamestop Stock, Reddit Traders


People's United jumps 10% after M&T agrees to buy the regional bank for $7.6 billion

Lucas Jackson/Reuters People's United Financial surged 10% on Monday after M&T Bank agreed to acquire the regional bank for $7.6 billion.The proposed merger will be funded with stock, with M&T issuing 0.118 shares for each People's United share. The combined bank will have $200 billion in assets, with locations in 12 states on the East coast.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.People's United Financial surged as much as 10% on Monday after M&T Bank agre...
Tags: Banks, Trends, Markets, Stock Market, United, East, Mid Atlantic, M&T Bank, Matthew Fox, People s United, René Jones, Mover, Merger and Acquisitions, Stock Market 2021, Regional Banks, Lucas Jackson Reuters People s United Financial


Buy stocks and sell bonds as a new secular bull market delivers double digit returns, Ned Davis Research says

Xinhua/Wang Ying/ Getty Images Stocks are in a secular bull market that should deliver double digit returns going forward, Ned Davis Research said in a note on Thursday.To take advantage of the environment, investors should sell bonds and buy stocks, NDR advised."We've seen a reset of the secular bull market that started in 2009," NDR said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Investors should reduce their allocation to bonds and use those proceeds to buy...
Tags: Congress, Trends, NDR, Matthew Fox, Ned Davis Research, Xinhua Wang Ying Getty Images Stocks


US stocks edge higher as Treasury Secretary Yellen pushes for more stimulus

Spencer Platt/Getty Images US stocks edged higher on Friday as a push for additional fiscal stimulus was made by Treasury Secretary Janet Yellen."The price of doing too little is much higher than the price of doing something big," Yellen said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks finished the day mostly higher on Friday, rebounding from a three-day losing streak after Janet Yellen advocated for more stimulus spending. The Dow and Nasdaq gained, ...
Tags: Congress, US, Trends, Markets, Treasury, Janet Yellen, Stock Market, UK supreme court, Nasdaq, Dow Jones, S&P 500, Cnbc, Dow Jones Industrial Average, Yellen, Fed, Matthew Fox


10 reasons why investors should buy the dip in Walmart, which has 31% upside potential, according to BofA

Kena Betancur/VIEWpress via Getty Images Walmart's 6% decline on Thursday presents investors with an attractive buying opportunity for investors, Bank of America said in a note on Friday.The bank raised its price target on the retailer to $180, representing upside potential of 31% from Thursday's close.Detailed below are the top 10 reasons why investors should buy Walmart, according to Bank of America.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Walmart fell 6% ...
Tags: Mexico, Finance, India, US, Trends, Markets, Walmart, Bank Of America, Argentina, Stock Market, Flipkart, Omni, BofA, Sam s Club, UK Japan, Matthew Fox


Uber drops 4% after the UK Supreme Court rules that its drivers are employees, not contractors

A black-cab driver waves a Union Jack flag whilst standing on a taxi on London Bridge, during a protest against TfL and Uber. Kirsty O'Connor - PA Images / Getty Images Uber fell as much as 4% on Friday after the UK Supreme Court ruled that its drivers are employees rather than contractors.The ruling entitles Uber drivers to basic worker rights such as holiday pay and a minimum wage.Uber has been fighting this legal battle in the UK since 2016, when two ex-Uber drivers filed a lawsuit a...
Tags: Uber, Europe, UK, California, Trends, UK supreme court, Jack, London Bridge, Ives, Matthew Fox, Dan Ives, Europe Uber, Uber Ives, Uber Kirsty O Connor PA Images Getty Images Uber, Opening Bell Uber


US stocks gain after Treasury Secretary Yellen pushes for more stimulus

Treasury secretary Janet Yellen pushed for stimulus checks Andrew Harnik/AP US stocks gained on Friday after Treasury Secretary Janet Yellen advocated for more stimulus."The price of doing too little is much higher than the price of doing something big," Yellen said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks moved higher on Friday, rebounding from a three-day losing streak after Janet Yellen advocated for more stimulus spending.In a Thursday interview...
Tags: Congress, Finance, US, Trends, Markets, Treasury, Janet Yellen, Stock Market, UK supreme court, Dow Jones, S&P 500, Cnbc, Dow Jones Industrial Average, Yellen, Fed, Andrew Harnik


Uber drops 2% after the UK Supreme Court rules that its drivers are employees, not contractors

A black-cab driver waves a Union Jack flag whilst standing on a taxi on London Bridge, during a protest against TfL and Uber. Kirsty O'Connor - PA Images / Getty Images Uber fell as much as 2% on Friday after the UK Supreme Court ruled that its drivers are employees rather than contractors.The ruling entitles Uber drivers to basic worker rights such as holiday pay and a minimum wage.Uber has been fighting this legal battle in the UK since 2016, when two ex-Uber drivers filed a lawsuit a...
Tags: Uber, Europe, UK, California, Trends, UK supreme court, Jack, London Bridge, Ives, Matthew Fox, Dan Ives, Europe Uber, Uber Ives, Uber Kirsty O Connor PA Images Getty Images Uber, Opening Bell Uber


Gabe Plotkin, whose GameStop short bets led to a 53% January loss for his hedge fund, told Congress he's been short Tesla in the past

Melvin Capital founder Gabe Plotkin Alex Flynn/Getty Images/Bloomberg Gabe Plotkin's Melvin Capital hedge fund has been short shares of Tesla in the past, according to testimony given to Congress.Plotkin was asked by Congress if Tesla CEO Elon Musk's late January tweet about GameStop stock could have targeted him. "We have been short Tesla in the past," Plotkin told Congressman Steve Stivers on Thursday.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Gabe Plotkin to...
Tags: Elon Musk, Congress, Finance, Trends, Markets, Tesla, Reddit, Trading, Stock Market, Gamestop, Musk, Citadel, Ken Griffin, Tesla CEO Elon Musk, Stivers, Steve Stivers


Read famed GameStop trader Roaring Kitty's full prepared testimony for Congress

GameStop millionaire Roaring Kitty Roaring Kitty Keith Gill, also known as Roaring Kitty on social media channels, is set to testify to Congress on Thursday.Gill gained a cult-like following after he invested $53,000 in GameStop in 2019 and saw that value swell to as much as $48 million.Read Gill's opening statement to Congress below.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Keith Gill - otherwise known on Twitter and YouTube as Roaring Kitty - is set to testi...
Tags: Congress, Youtube, Trends, Markets, New Hampshire, Reddit, Goldman Sachs, Stock Market, Esports, Gamestop, Sara, McHenry, Citadel, Mason, Caroline, Michael Burry