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AMC soars 15% as Reddit stocks and reopening favorites buck tech sell-off

Noam Galai/Getty Images Shares of AMC Entertainment soared as high as 18% Monday, joining a broader rally and bucking the tech sell-off. AMC was boosted on news that Wedbush doubled its price target on optimism around the economic recovery. Reddit favorite Gamestop also surged on Monday as well as airline companies. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of AMC Entertainment soared 18% on Monday, joining a broader rally as Reddit darlings and reop...
Tags: Amazon, California, Senate, Amc, Disney, Trends, Markets, Reddit, Stock Market, Gamestop, Cohen, Wedbush, Michael Pachter, AMC Entertainment, Noam Galai Getty, Ryan Cohen


People 25 to 34-years old plan to invest half of their stimulus checks in stocks, according to a survey from Deutsche Bank

Westend 61/Getty Images Young people are planning to put half of any forthcoming stimulus checks directly into equities, Deutsche Bank Research shows. The figure was slightly lower for 18 to 24-year-olds at 40%. Recipients of stimulus checks across all age groups combined could pour as much as $170 billion into stocks. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Young people are planning to put roughly half of any forthcoming stimulus checks directly into equ...
Tags: Senate, Trends, Investing, Markets, House, Millennials, Deutsche Bank, Stock Market, Stimulus Checks, Stock Market Outlook, Isabelle Lee, Deutsche Bank Research, Getty Images Young, MI Exclusive, Binky Chadha Srineel Jalagani


Rising interest rates are usually bullish for stocks when these 3 factors are met, according to LPL

Spencer Platt/Getty Images Some investors have been worried about the sudden rise in interest rates over the past month.Higher interest rates have helped spark a rotation from high-growth technology stocks to more value-oriented sectors like energy and financials.But rising interest rates tend to be accompanied with rising stock prices, especially when these 3 factors are met, according to LPL.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.A sudden spike in intere...
Tags: Finance, Trends, Markets, Treasury, Trading, Stocks, US Treasury, Federal Reserve, Stock Market, LPL, Matthew Fox, Spencer Platt Getty, Stock Market Outlook, Stock Market Analysis, Stock Market Outlook 2021, MI Exclusive


Airline stocks climb on economic recovery optimism as Senate approves landmark stimulus package

LINDSEY WASSON/Reuters Shares of airline companies rose on Monday amid surging optimism around the ongoing economic recovery following the Senate's recent approval of the stimulus plan.United Airlines, Southwest, American Airlines, and Delta shares all climbed.Airlines were among those that suffered most when large swaths of the global economy shut down at the start of the pandemic.Sign up here for our daily newsletter, 10 Things Before the Opening BellShares of airline companies ro...
Tags: Senate, Trends, Markets, United States, House, Delta, Stocks, Airlines, Biden, Stock Market, Airline, United Airlines, Delta Air Lines, American Airlines, Southwest Air, Lindsey Wasson Reuters


3 reasons why the correction in tech stocks has further to run, according to Morgan Stanley's top US equity strategist

Bloomberg TV The sell-off in technology stocks is likely not over, according to Mike Wilson, Morgan Stanley's chief US equity strategist.In a note on Sunday, Wilson highlighted that the bull market in stocks will continue with value and cyclicals leading the way rather than the technology sector.But technology stocks will continue to lag for three key reasons, according to Wilson.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The swift decline in technology stocks...
Tags: Congress, US, Trends, Markets, Trading, Stocks, Stock Market, Morgan Stanley, Wilson, Fed, Wedbush, Bloomberg TV, Mike Wilson, Matthew Fox, Investing Strategy, Stock Market Outlook


How to find post-selloff opportunities, plus Cathie Wood on NFTs

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets, as well as what to expect in the coming weeks. Here's what's on the docket:The volatility seen in the market recently is the type that creates opportunities for shrewd investors. UBS details 3 ways investors can take advantage of the swings, while investment strategist Luke Lloyd shares 4 specific stock picks poised to beat the market in the aftermath.NFTs are the latest cr...
Tags: Congress, US, Trends, Tech, Investing, Markets, Tesla, Credit Suisse, Ubs, Treasury, Stocks, Biden, Stock Market, Goldman, Michael, Fed


SPACs are booming 'at the expense of retail investors', and regulators should take these 5 steps to fix the market, think tanks say

Brian Snyder/Reuters; Michael Loccisano/Getty Images; Samantha Lee/Insider In February, two financial reform think tanks sent a letter to Congress detailing concerns over the SPAC boom. The letter said the soaring market is "fueled by conflicts of interest and compensation to corporate insiders at the expense of retail investors." It offered five recommendations for Congress and financial regulators "to better protect retail investors." Sign up here for our daily newsletter, 10 Things Bef...
Tags: Congress, Ipo, Trends, Markets, Trading, SEC, Goldman Sachs, Bill Ackman, Stock Market, Robinhood, Securities And Exchange Commission, SPAC, Blank, Maxine Waters, House Financial Services Committee, Andrew Park


What happens when ‘meme traders’ go after mortgage stocks?

Rocket Companies and LoanDepot briefly followed the trajectory of GameStop this month, seeing share prices spike simply because jokey online traders targeted their shares.
Tags: Real Estate, Ipo, Amc, Analysis, Radio, Blackberry, Mortgage, Stock Market, Wall Street Journal, Gamestop, Industry News, Freddie Mac, Quicken Loans, Quicken, Markets & Economy, Select


Expect 'uncertainty and volatility' in the stock market for weeks until the Fed clarifies its rate stance, says BlackRock bond chief Rieder

Steve Marcus/Reuters Investors should expect "uncertainty and volatility" in the stock market for weeks until the Fed clarifies its policy stance, says BlackRock's Rick Rieder.The CIO of global fixed income, who oversees $2.7 trillion, expects the Fed to remain very accommodative for the foreseeable future. But Rieder noted that positive economic data is accelerating investors' anticipation of a policy change and raising uncertainty. Sign up here for our daily newsletter, 10 Things Before ...
Tags: Trends, Markets, Treasury, Stocks, Federal Reserve, Stock Market, FOMC, S&P 500, Blackrock, Fed, Rieder, Reuters Investors, Jerome Powell, Rick Rieder, Steve Marcus, Stock Market Volatility


Nikola slides 12% after JPMorgan downgrades to neutral given that the 'good news is priced in the stock'

Nikola said it completed the first of five Tre prototypes planned for this year. Nikola Nikola fell 12% on Friday after JPMorgan downgraded the firm to neutral from overweight, according to a note. The call from JPMorgan was "a tactical move" as much of the good news is priced into the stock.Nikola's steep decline on Friday came amid a broader decline in electric vehicle stocks like Tesla.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Nikola dropped as mu...
Tags: Trends, Markets, Tesla, Stock Market, Jpmorgan, Milton, Nikola, Matthew Fox, Mover, Nikola Corp, Hindenburg Research, Analyst Note, Nikola Stock, Nikola stock price, Nikola Nikola, Trevor Milton Milton


Social-media sentiment ETF backed by Dave Portnoy scores $280 million in inflows on first day of trading

Barstool Sports founder Dave Portnoy visits the Nasdaq on February 27, 2020 after Penn National Gaming purchased a stake in the media company valuing it at $450 million. Barstool Sports The BUZZ social-media sentiment ETF backed by Dave Portnoy saw big inflows in its first day of trading.Despite falling 4% on Thursday, the VanEck ETF saw $280 million in inflows, according to data from Bloomberg.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.  The VanEck Vectors Soc...
Tags: Finance, Trends, Markets, Bloomberg, Reddit, Trading, Stocks, Stock Market, Goldman, Gamestop, Penn National Gaming, Bloomberg Sign, Matthew Fox, AMC Entertainment, Barstool Sports, Dave Portnoy


The recent tech sell-off creates a 'massive buying opportunity' with another 30% jump for the sector possible in 2021, Wedbush says

Xinhua/Wang Ying/Getty Images The recent decline in tech stocks has created a "massive buying opportunity" in the sector, according to Wedbush analyst Dan Ives. Ives said he believes another 30% jump in tech names is possible in 2021. The analyst argued that 30% to 40% of employees could eventually be permanently remote, adding fuel to the digital transformation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The recent decline in tech stocks has created a "mass...
Tags: Microsoft, Trends, Markets, Tesla, Stocks, US Treasury, Stock Market, Wedbush, Ives, Wedbush Securities, Federal Reserve Chair, Jerome Powell, Tech Stocks, QQQ, FAANG, Dan Ives


Dow plunges 346 points as Fed Chairman Jerome Powell preaches 'patience' on inflation spike

Getty Images / Bryan R. Smith US stocks plunged on Thursday as Fed Chairman Jerome Powell preached "patience" on rising inflation.Losses in major indexes accelerated as the 10-year Treasury yield spiked back above 1.5%, indicating renewed inflation fears.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks fell sharply Thursday as investors reacted to comments from Federal Reserve Chair Jerome Powell.Powell refrained from outlining specific steps to rein in wh...
Tags: US, Trends, Markets, Tesla, Opec, Treasury, Stock Market, Flipkart, S&P 500, Cnbc, Dow Jones Industrial Average, Gamestop, Fed, SPAC, Powell, Ron Baron


GameStop bucks market sell-off with 19% surge as Reddit chatter picks up

Robert Galbraith/Reuters Shares of GameStop surged 19% on Thursday, bucking the broader market slump. Reddit chatter seemed to have picked up around 2 PM ET.  At around the same time, Ryan Cohen tweeted a photo, which users interpreted the post as a positive outlook for GameStop. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of GameStop surged 19% on Thursday, bucking a broader market slump amid a massive sell-off as the chatter on Reddit appeared to gain...
Tags: Koss, Trends, Markets, Reddit, Trading, Stock Market, Gamestop, Reuters, Robert Galbraith, GME, AMC Entertainment, Ryan Cohen, Isabelle Lee, Gamestop Stock, Wall Street Bets, MI Exclusive


10-year Treasury yield jumps past 1.5% as Fed chief Powell pledges 'patient' stance on rising inflation

Federal Reserve Board Chairman Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress," in front of the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building on February 12, 2020 in Washington, DC. Sarah Silbiger/Getty Images The 10-year yield jumped past 1.5% on Thursday after Fed chief Powell said the central bank will be "patient" in dealing with rising inflation.  The surge in borrowing costs sent stocks sh...
Tags: New York, Congress, Washington, US, Interest Rates, Trends, Markets, Inflation, Treasury, Federal Reserve, Stock Market, Fed, Powell, Treasuries, Federal Reserve Board, Jerome Powell


Dow plunges 467 points as Powell comments trigger fresh tech sell-off

Pool/Getty Images US stocks tumbled on Thursday after Fed Chair Jerome Powell refrained from outlining specific steps to address "disorderly" market conditions.Losses in major indexes accelerated as the 10-year Treasury yield spiked back above 1.5%, indicating renewed inflation fears.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks fell sharply Thursday as investors reacted to comments from Federal Reserve Chair Jerome Powell.Powell refrained from outlinin...
Tags: US, Trends, Markets, Tesla, Treasury, Stock Market, Flipkart, S&P 500, Cnbc, Dow Jones Industrial Average, Gamestop, Fed, Powell, Ron Baron, Federal Reserve Chair, Jerome Powell


US stocks trade mixed ahead of Fed speech following tepid labor-market data

Federal Reserve Chair Jerome Powell is due to speak on Thursday. Pool/Getty Images US stocks were mixed on Thursday after weekly jobless claims barely beat economic forecasts.Investors are awaiting a speech from Fed Chair Jerome Powell at The Wall Street Journal's Jobs Summit.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Thursday as investors grappled with a spike in interest rates and weakness in the high-growth technology sector.Jobless c...
Tags: US, Trends, Markets, Tesla, Federal Reserve, Stock Market, Flipkart, S&P 500, Cnbc, Dow Jones Industrial Average, Gamestop, Fed, Ron Baron, Federal Reserve Chair, Jerome Powell, Matthew Fox


US stocks trade lower ahead of Fed speech following tepid labor-market data

Federal Reserve Chair Jerome Powell is due to speak on Thursday. Pool/Getty Images US stocks were lower on Thursday after weekly jobless claims barely beat economic forecasts.Investors are awaiting a speech from Fed Chair Jerome Powell at The Wall Street Journal's Jobs Summit.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged lower on Thursday as investors grappled with a spike in interest rates and continued weakness in the high-growth technology secto...
Tags: US, Trends, Markets, Tesla, Federal Reserve, Stock Market, Dow Jones, Flipkart, S&P 500, Cnbc, Dow Jones Industrial Average, Gamestop, Fed, Ron Baron, Federal Reserve Chair, Jerome Powell


Rocket Companies stock soars, plummets amid Reddit-driven volatility

The online mortgage company this week has had both its best day ever on the stock market, as well as its worst day.
Tags: Ipo, Markets, Shares, Analysis, Radio, Reddit, Trading, Rocket, Mortgage, Stock Market, Gamestop, Initial Public Offering, Industry News, Jpmorgan, Quicken Loans, Quicken


XL Fleet slumps 20% as famed investor Carson Block goes short, says the market is in a SPAC bubble full of 'garbage'

Carson Block, founding partner of Muddy Waters Research LLC, speaks on a panel discussion at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 10, 2013. REUTERS/Rick Wilking Shares of XL Fleet tumbled as much as 20% on Wednesday as Carson Block of Muddy Waters Research revealed he was short the company.Block said that conversations with former XL Fleet employees revealed "a collection of exaggerations, half-truths, and mistruths.""This is a SPAC bubble, where all kinds of...
Tags: Finance, Trends, Markets, Las Vegas, Stock Market, Salt, Block, SPAC, Rick Wilking, Carson Block, Matthew Fox, Skybridge, Short Positions, Mover, Stock Market 2021, XL Fleet


Hertz stock investors will not be paid back under a reorganization plan as a chapter of the meme-stock saga comes to an end

Cindy Ord/Getty Images Hertz on Tuesday detailed its reorganization plan. The proposal comes nine months after the car rental company entered chapter 11 proceedings. Hertz creditors will mostly be repaid in full, while shareholders will get nothing.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Hertz Global Holdings on Tuesday detailed its reorganization plan, which revealed that shareholders will get nothing. The restructuring proposal comes nine months after ...
Tags: US, Trends, Markets, Bankruptcy, Reddit, Trading, Stock Market, Hertz, Bankruptcy Court, Wilmington Delaware, US Bankruptcy Court, Cindy Ord Getty Images Hertz, Isabelle Lee, Hertz stock, MI Exclusive, Opening Bell Hertz Global Holdings


SPACs are trying to stand out in a sea of blank-check listings. Here's what 4 high-profile backers are doing to make their IPOs more attractive to investors.

A man sits on the Wall street bull near the New York Stock Exchange Spencer Platt/Getty Images The SPAC frenzy continues in 2021, with over 130 blank check firms listing this year already. Standing out has become much more challenging as the field becomes crowded. Some SPACs are resorting to new methods to catch the eye of investors, according to a report in DealBook on Wednesday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell SPACs are booming. Otherwise known as...
Tags: Ipo, Trends, Linkedin, Markets, New York Times, Reid Hoffman, Paul ryan, Fireeye, Bill Ackman, Stock Market, SPAC, Ackman, Former House, Evercore, DealBook, Dave DeWalt


Rocket Companies surges 70% as chatter from Reddit's Wall Street Bets spikes

Shares of Rocket Companies soared over 60% on Tuesday amid a recent spike in chatter around the company on the Wall Street Bets subreddit. In the past 24 hours, two users have posted screenshots of how much they individually invested in the company. Both have received thousands of upvotes. Another post, however, reiterated that anything other than GameStop is a distraction. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of Rocket Companies soared over 70% on Tue...
Tags: Trends, Markets, Reddit, Trading, Stock Market, Detroit, Cnbc, Gamestop, Rocket Companies, Isabelle Lee, Wall Street Bets, William Callewaert


Bitcoin falls 4% after Biden nominee Gary Gensler says SEC will seek to eliminate fraud and manipulation in crypto markets

Alex Wong/Getty Images Bitcoin fell as much as 4% on Tuesday after SEC Chairman nominee Gary Gensler testified that he would seek to eliminate fraud and manipulation from crypto markets.Gensler said that the investor protections the SEC seeks to enforce should ensure that crypto markets are "free of fraud and manipulation."Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin shed as much as 4% on Tuesday following Senate testimony from President Joe Biden's nomi...
Tags: Senate, Trends, Markets, Joe Biden, Mit, Bitcoin, Crypto, SEC, Biden, Stock Market, Securities And Exchange Commission, Gensler, Gary Gensler, Matthew Fox, Bitcoin Price, Crypto Assets


Barstool Sports founder Dave Portnoy released a video backing a new ETF designed to track Reddit-driven social-media buzz

Twitter An ETF designed to track sentiment on social media is set to launch on Thursday.Barstool Sports founder Dave Portnoy posted a video on Twitter on Tuesday promoting the ETF."There is a new ETF launching that I'm a part of, that I'm putting ... my reputation behind," he said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.In a video posted on Twitter on Tuesday, the Barstool Sports founder Dave Portnoy promoted an exchange-traded fund set to launch on the New...
Tags: Finance, US, Trends, Markets, Reddit, Trading, Stocks, Warren Buffett, New York Stock Exchange, Stock Market, Goldman, Robinhood, Gamestop, Buzz, Index, Portnoy


Barstool Sports founder Dave Portnoy just released a video backing a new ETF designed to track Reddit-driven social-media buzz

Twitter A new ETF designed to track social-media sentiment on platforms like Reddit and Twitter is launching on the New York Stock Exchange on Thursday under the ticker "BUZZ."Barstool Sports founder Dave Portnoy posted a video on Twitter promoting the ETF on Tuesday."There is a new ETF launching that I'm a part of, that I'm putting my reputation behind," Portnoy said in the video.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.In a video posted to Twitter on Tuesd...
Tags: Twitter, Finance, US, Trends, Markets, Reddit, Trading, Stocks, Warren Buffett, New York Stock Exchange, Stock Market, Goldman, Robinhood, Gamestop, Buzz, Index


US stocks mixed as investors hit pause on Monday's rally

Traders work on the floor of the New York Stock Exchange (NYSE) on November 20, 2019 in New York City Spencer Platt/Getty Images US stocks were mixed on Tuesday following the S&P 500's best daily gain since June on Monday.Zoom popped 9% after the video-conferencing darling beat earnings expectations.China's banking regulator warned US markets are potentially creating bubbles. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Tuesday after a ral...
Tags: China, US, Trends, Markets, Stock Market, Nasdaq, Dow, S&P 500, Nyse, New York Stock Exchange NYSE, Guo Shuqing, China Banking and Insurance Regulatory Commission, Edit Series, Emily Graffeo, Stock market news today, BTC price today


Dow soars 603 points amid risk-on rally as reopening stocks surge

Reuters / Brendan McDermid The Dow soared 603 points on Monday as a risk-on rally was fueled by a surge in reopening stocks.Johnson and Johnson began the distribution of its COVID-19 vaccine on Monday, which received emergency use authorization from the FDA over the weekend.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Stocks edged higher on Monday as the full reopening of the US economy seemed within reach after Johnson and Johnson began distributing its one-dos...
Tags: Finance, Senate, US, Trends, Markets, Reddit, Treasury, Berkshire Hathaway, Warren Buffett, Fda, US Treasury, West Texas Intermediate, Johnson, Biden, Stock Market, Faa


Wall Street optimism is close to flashing its first sell signal since 2007, Bank of America says

Reuters / Brendan McDermid Bank of America's Sell Side Indicator rose in February to 59.2% from 58.4%, just 1.1 points away from sending a "sell" warning.The gauge tracks Wall Street bullishness and aims to indicate when optimism is overextended.The current "neutral" rating suggests returns will be muted over the next 12 months, the bank added.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Stock-market exuberance is coming dangerously close to forecasting a sharp ...
Tags: Trends, Markets, Bank Of America, Treasury, Stock Market, Goldman, Market Outlook, Savita Subramanian, Ben Winck, Stock Market Outlook, Stock Market Analysis, Analyst Note, Stock Market Forecast, Investing Outlook, Stock market strategist, Sell Side Indicator


Rocket Lab agrees to go public via SPAC merger with Vector Acquisition, valuing the space-transport startup at $4.1 billion

Rocket Lab's Launch Complex 2 at NASA's Wallops Island facility in Virginia. Rocket Lab Rocket Lab said it will go public through a merger with SPAC Vector Acquisition Corp. The value of the combined entity is expected to be approximately $4.1 billion.   The deal is expected to close in the second quarter of this year.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Space transport startup Rocket Lab announced it will go public through a merger with blank-...
Tags: US, Trends, Markets, Nasa, New Zealand, Richard Branson, Space Flight, Stock Market, Nasdaq, Commercial Space Flight, Vector, SPAC, Lockheed Martin Corp, Virginia USA, Wallops Island, Rocket Lab