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'Rinse, lather, buy the dip': Here's how 3 Wall Street analysts are reacting to Amazon's 2nd-quarter earnings

Amazon Fresh UK store Kate Duffy Amazon's mixed second quarter earnings results led to a more than 7% decline in the stock on Friday.The company reported $113 billion in revenue, missing analyst estimates by about $2 billion.Here's how 3 Wall Street analysts reacted to Amazon's second quarter earnings report.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Amazon fell more than 7% on Friday after the e-commerce giant released second quarter earn...
Tags: Amazon, US, Trends, Markets, Bank Of America, Aws, Stock Market, Jpmorgan, Stifel, BofA, Matthew Fox, Amazon Stock, Analyst Notes, Amazon Stock Price, Earnings 2021, Amazon earnings


Retail investors bought $18.9 million in Robinhood shares during its IPO debut, less than other high-profile launches, data shows

Snap tops a list of net retail purchases on 1st trading days. Vanda Research Individual investors bought $18.85 million in shares of Robinhood during the trading app's debut on Thursday, Vanda Research said. That's lower than other major IPO debuts, including this year's launch of Coinbase. Robinhood ended its first trading session down by 8.4% and has continued its slide on Friday. See more stories on Insider's business page. Retail investors bought $18.85 million of Ro...
Tags: Ipo, US, Trends, Markets, IPOs, Stock Market, Robinhood, Didi, Carla Mozee, Vanda, Coinbase Robinhood, Cathie Wood, Retail Investors, GameStop AMC Entertainment, Robinhood IPO, Vanda Research


3 reasons why the stock market could enter risk-on mode in August after a couple choppy months, according to Fundstrat's Tom Lee

Cindy Ord/Getty Images The stock market is primed to enter risk-on mode in August following a sideways summer chop, Fundstrat's Tom Lee said in a note on Friday.Lee pointed to an imminent peak in Delta-variant cases and surging bitcoin prices as reasons to expect upside in stocks next month.These are the 3 reasons stocks are primed to move higher in August, according to Fundstrat.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.After weeks of a sideways "chop" i...
Tags: Florida, Finance, China, US, Trends, Markets, Bitcoin, Delta, Stocks, Pfizer, Stock Market, Lee, Cindy, Tom Lee, Matthew Fox, Fundstrat


Robinhood’s CFO says it was ready to go public

Robinhood priced at $38 per share this week, opened flat and closed its first day’s trading yesterday worth $34.82 per share, or a bit more than 8% underwater. The company posted a mixed picture today, falling early before recovering to breakeven in late-morning trading. It wasn’t the debut that some expected Robinhood to have. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. To close out the week, we’re no...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, Airbnb, Stock Market, Robinhood, Coinbase, Exchange, Doordash, The Exchange, Warnick, Jason Warnick, EC Newsletter, EC Fintech


Robinhood’s stock drops 8% in its first day’s trading

Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price. But once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock. Robinhood recovered some in later trading, but closed the day worth $34.82 per share, off 8.37%, per Yahoo Finance. The company sold 55,000,000 shares in i...
Tags: Fundings & Exits, Startups, Ipo, Tech, United States, Airbnb, Stock Market, Stock, Robinhood, Initial Public Offering


LendingClub soars 57% to 3-year high after reporting its most profitable quarter ever

Xinhua/Wang Ying/ Getty Images LendingClub soared as much as 57% after second quarter earnings results revealed its most profitable quarter ever.The personal loan provider saw revenue soar 406% to $204 million, easily beating analyst estimates.Even with shares hitting a three-year high, LendingClub is still down 83% from its record 2014 high.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of LendingClub soared as much as 57% on Thursday after the personal lo...
Tags: Finance, Trends, Markets, Credit Suisse, Stock Market, LendingClub, Lending Club, Matthew Fox, Earnings 2021, Stock Market 2021, MI Exclusive, LendingClub personal loans, Xinhua Wang Ying Getty Images LendingClub, LendingClub Bank


Robinhood drops 12% in volatile public-trading debut after IPO valuing it at $32 billion

Vlad Tenev, CEO and co-founder, Robinhood. Kimberly White/Getty Images for Robinhood Robinhood whipsawed in its trading debut on Thursday, with shares initially jumping 6% before falling as much as 12%.The online trading app was valued at $32 billion when it priced its IPO at $38 per share on Wednesday.Robinhood raised $2.1 billion from its IPO and allocated a portion of shares to its user base.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Online trading app Robin...
Tags: Ipo, Trends, Markets, Tesla, Reddit, Trading, SEC, Stocks, Stock Market, Robinhood, Gamestop, Vlad Tenev, Matthew Fox, AMC Entertainment, Baiju Bhatt, Robinhood Stock


Nikola falls 10% after its founder Trevor Milton is charged with fraud

Massimo Pinca/Reuters Shares of Nikola fell as much as 10% on Thursday after its founder Trevor Milton was charged with fraud.The US Attorney's Office in Manhattan charged Milton with three counts of fraud for allegedly lying about "nearly all aspects of the business."Milton stepped down from Nikola as its CEO and Chairman last year following the fallout from a short report from Hindenburg Research.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Nikola fell as ...
Tags: Office, US, Trends, Markets, Electric Vehicles, Manhattan, Trading, Stock Market, US Department of Justice, SPAC, Milton, Nikola, Matthew Fox, Trevor Milton, Mover, Hindenburg Research


Investors should sell stocks and raise cash as bearish indicators pile-up for the S&P 500, BofA says

Andrew Kelly/Reuters Investors should sell stocks and raise cash as the S&P 500 pushes up against the 4,400 level, Bank of America said in a note on Tuesday.The bank sees bearish technical indicators piling up for the index as negative divergences persist."Sell strength into the 4,400s, especially with the arrival of bearish August-October seasonality next week," BofA said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Investors should take advantage of any streng...
Tags: US, Trends, Markets, Bank Of America, Trading, Stock Market, Technical Analysis, Nyse, BofA, Matthew Fox, Alphabet Amazon, Stock Market Outlook, Stock Market Analysis, Analyst Note, Bank of America Read, Stock Market 2021


Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion

SOPA Images/Getty Images Robinhood priced its IPO at $38 per share on Wednesday, valuing the company at about $32 billion.The online brokerage app revealed surging growth in its S-1 filing amid the COVID-19 pandemic and government stimulus checks.Robinhood is set to trade on the Nasdaq under the symbol "HOOD" on Thursday.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Robinhood priced its IPO at $38 on Wednesday, valuing the online brokerage app popular with retail...
Tags: Ipo, Trends, Markets, Tesla, Reddit, Trading, SEC, Stocks, Stock Market, Robinhood, Vlad Tenev, Matthew Fox, Baiju Bhatt, Robinhood Stock, Robinhood app, Ipo 2021


US stocks trade mixed as Powell says economy is making progress

Jerome Powell Pool/ Getty Images US stocks closed mixed on Wednesday after Fed Chairman Jerome Powell said the economy is making progress towards it tapering standards.Despite the economic progress, Powell said the Fed is not yet ready to begin tapering its monthly bond purchases.Investors were also digesting earnings results from mega-cap tech companies like Apple, Alphabet, and Microsoft.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Wedne...
Tags: Apple, Microsoft, Ipo, Elizabeth Warren, US, Trends, Markets, Beijing, Treasury, Crypto, Warren, Janet Yellen, Federal Reserve, Stock Market, Nasdaq, S&P 500


Lumber prices could spark a 18% rally in Weyerhaeuser as wood valuation suggests limited downside, BofA says

Josef Mohyla/Getty Images A rally in lumber prices could spark a 18% surge in shares of Weyerhaeuser, Bank of America said in a note on Tuesday.BofA upgraded Weyerhaeuser to a Buy rating, arguing that its valuation has little downside.The bank believes Weyerhaeuser could issue a special dividend of $2 per share in early 2022.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Weyerhaeuser stand to rally 18% from Tuesday's close if lumber prices see a rebo...
Tags: Trends, Markets, Bank Of America, Trading, Stock Market, Weyerhaeuser, BofA, Matthew Fox, Lumber, Analyst Note, Lumber Price, Stock Market 2021, MI Exclusive, Lumber Outlook, Josef Mohyla Getty, Weyerhaeuser Bank of America


US stocks edge higher as investors digest earnings results from mega-cap tech

Lucas Jackson/Reuters US stocks moved higher on Wednesday as investors digested earnings results from mega-cap tech companies.Apple, Microsoft, and Alphabet all delivered earnings results that smashed analyst estimates.Now investors are trying to determine if the strong growth in tech is sustainable.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Wednesday as investors continue to digest the strong earnings reports from mega-cap tech compa...
Tags: Apple, Microsoft, Ipo, Elizabeth Warren, US, Trends, Markets, Beijing, Treasury, Crypto, Warren, Janet Yellen, Stock Market, Robinhood, S&P 500, Dow Jones Industrial Average


Virtual brokerage Real plans to add thousands of agents, CEO says

Tamir Poleg also believes the currently wild housing market may calm down in the near future, but he doesn't think there's a bubble forming.
Tags: Agent, Brokerage, Industry News, Markets & Economy, Select, Technology, Canada, Nasdaq, Real, Shares, Stock Market, Tamir Poleg, The real brokerage, Toronto Stock Exchange


Workday falls 7% on report that Amazon has canceled its contract with the HR software company

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters Workday stock fell Tuesday after a report from Insider revealed that Amazon ended its contract with the HR software firm.Amazon had originally announced plans to adopt Workday's software companywide in 2017.According to Business Insider, Amazon halted the plan to roll out Workday software last year.Sign up here for our daily newsletter, 10 Things Before the Openi...
Tags: Amazon, New York City, Trends, Markets, Jeff Bezos, Stock Market, Workday, Nyse, Bezos, New York Stock Exchange NYSE, Matthew Fox, Business Insider Amazon, Mover, Workday stock, Workday Stock Price, Stock Market 2021


'US strength likely to offset China weakness': Here's what 3 analysts expect from Apple's 3rd-quarter earnings report

Apple CEO Tim Cook. Roy Rochlin/WireImage/Getty Images Apple is scheduled to reports its third-quarter earnings on Tuesday after the market close.Analysts expect the iPhone maker to record $73 billion in revenue and $1.00 in earnings per share.The earnings reports comes as Apple trades near record highs with a $2.5 trillion valuation.Sign up here our daily newsletter, 10 Things Before the Opening Bell.Apple's third quarter earnings report after the market close on Tuesday will help inve...
Tags: Apple, China, US, Trends, Markets, Bank Of America, Goldman Sachs, Stock Market, Apple Stock, Goldman, Jpmorgan, BofA, Matthew Fox, Getty Images Apple, Apple s Services, Apple earnings


Lucid Motors spikes 20% in public debut as CEO says it's well-positioned to compete with Tesla

MediaNews Group/Bay Area News via Getty Images Shares of Lucid Motors spiked as much as 20% in its trading debut on Monday.The electric vehicle manufacturer completed its merger with SPAC Churchill Capital on Friday.Lucid Motors CEO Peter Rawlinson told CNBC it is well-positioned to compete with Tesla.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Lucid Motors surged as much as 20% in its public debut on Monday, with Churchill Capital on Friday.Lucid is seen as ...
Tags: Trends, Markets, Tesla, Trading, Stock Market, Cnbc, Lucid, SPAC, Matthew Fox, Rawlinson, Lucid Motors, Peter Rawlinson, Mover, Churchill Capital, MediaNews Group Bay Area News, Stock Market 2021


Lucid Motors spikes 11% in public debut as CEO says it's well-positioned to compete with Tesla

Lucid Motors plans to go public in a $24 billion tie-up with a SPAC MediaNews Group/Bay Area News via Getty Images Shares of Lucid Motors spiked as much as 11% in its trading debut on Monday.The electric vehicle manufacturer completed its merger with SPAC Churchill Capital on Friday.Lucid Motors CEO Peter Rawlinson told CNBC it is well-positioned to compete with Tesla.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Lucid Motors surged as much as 11% in its public de...
Tags: Trends, Markets, Tesla, Trading, Stock Market, Cnbc, Lucid, SPAC, Matthew Fox, Rawlinson, Lucid Motors, Peter Rawlinson, Mover, Churchill Capital, Stock Market 2021, Lucid Motors stock


Matterport finishes first day of trading slightly down

The 3D imaging company's shares debuted Friday at about $14.42 and ended the day around $14.20. The firm went public via a merger with a special acquisition company.
Tags: Technology, Radio, Compass, Stock Market, Nasdaq, Matterport, Industry News, SPAC, Markets & Economy, Select, News Brief, Opendoor, Blank Check Company, iBuyer, Gore Holdings VI


3D tour giant Matterport makes its stock market debut

The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport's turf.
Tags: Facebook, Technology, Radio, Stock Market, Nasdaq, Zillow, Matterport, Tiger Global Management, SPAC, Spencer Rascoff, Markets & Economy, Select, Opendoor, Dragoneer, RJ Pittman, Offerpad


US stocks close at record highs as investors cheer blockbuster earnings

Xinhua/Wang Ying/ Getty Images US stocks finished the week at record highs after a blockbuster week of earnings. Shares of tech giants including Snap and Twitter soared after earnings came in above expectations. Bitcoin hovered just above $32,000, gold was little changed, and oil edged higher. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks finished the week strong with all three major indexes closing at records Friday as investors cheered blockbuster t...
Tags: Google, Facebook, Asia, Twitter, China, US, Trends, Markets, Bank Of America, Bloomberg, Bitcoin, US Treasury, Stock Market, Nasdaq, Dow, Uae


Tech stocks drive the market higher with mega-cap giants Apple and Amazon leading the way

Spencer Platt/Getty Images US stocks traded higher on Thursday, driven by mega-cap tech giants Microsoft, Apple and Amazon.The gains came even as weekly jobless of 419,000 were higher than estimates of 350,000.The S&P 500 is now less than 1% below its record high of 4,393.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Thursday, driven by a more than 1% gain in mega-cap tech giants Microsoft, Apple, and Amazon. The gains helped send the S&...
Tags: Apple, Amazon, Microsoft, US, Trends, Markets, Unilever, SEC, Goldman Sachs, Stock Market, Nasdaq, Dow Jones, S&P 500, Dow Jones Industrial Average, Guggenheim, Citi


US stocks trade mixed after weekly jobless claims come in higher than expected

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 US stocks were mixed on Thursday after weekly jobless claims came in higher than expected.419,000 Americans filed for unemployment last week, well above the estimate of 350,000.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks halted their uptrend early Thursday morning and moved lower following a surprise jump in weekly job...
Tags: US, Trends, Markets, Trading, SEC, Goldman Sachs, Stock Market, Nasdaq, S&P 500, Dow Jones Industrial Average, Nyse, Guggenheim, Gary Gensler, New York City New York, New York Stock Exchange NYSE, Matthew Fox


Retail investors bought a record $2.2 billion of stocks on Monday, with many seeking shelter in ETFs as the market melted down, data shows

vgajic/Getty Images Retail investors bought $2.2 billion in equities during Monday's rout, according to Vanda Research. ETFs accounted for 44% of total retail purchases, higher than the average of 29%. The data suggest that retail investors were scared to buy the dip in individual stocks. See more stories on Insider's business page. Retail investors shoved more than $2 billion into the US stock market during Monday's rout, taking advantage of sliding prices largely by rampin...
Tags: US, Trends, Markets, Stock Market, Nasdaq, Apple Microsoft, SPDR, ETFs, Carla Mozee, Vanda, Pierantoni, COVID, Retail Investing, Stock Market 2021, Getty Images Retail, Vanda Research


Company stock buybacks are on track to hit a record $1 trillion amid ongoing economic recovery

Drew Angerer/Getty Images US companies are set to spend a record $1 trillion on stock buybacks amid the ongoing economic recovery, according to a JPMorgan note.The surge in stock buybacks comes after the COVID-19 pandemic hampered the practice amid heightened economic uncertainty.Leading the charge is Apple's $90 billion stock buyback announced earlier this year.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Corporate share repurchases are returning with a ven...
Tags: Apple, Finance, US, Trends, Markets, Bank Of America, Trading, Stock Market, Fed, Jpmorgan, Tom Lee, Share Buybacks, Matthew Fox, Fundstrat, Stock Market Outlook, Stock Market Analysis


Don’t Sweat The Supposedly COVID-Related Stock Market Volatility

The truth is, the vast majority of the time, we simply do not know why the stock market does what it does on a daily basis.
Tags: Finance, ATL Finance, COVID, COVID-19, Dow Jones, Finance Docket, Jonathan Wolf, NASDAQ, S&P 500, Stock Market


6 reasons why the stock market will be resilient and post strong gains into year-end, according to Fundstrat

Spencer Platt/Getty Images US stocks are poised to rise into year-end, Fundstrat's Tom Lee reiterated on Tuesday.Lee said stocks remain resilient and believes the S&P 500 could hit 4,700 by year-end.These are the 6 reasons why US stocks could continue their ascent, according to Fundstrat.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Investors should look to buy the dip in stocks as Fundstrat's Tom Lee points to more gains ahead into year-end, according to...
Tags: Congress, US, Trends, Markets, Delta, Stocks, US Treasury, Stock Market, Fed, Jpmorgan, Lee, Tom Lee, Matthew Fox, Fundstrat, COVID, Stock Market Outlook


Dow stages 550-point comeback after harsh sell-off as investors remain optimistic on growth

Xinhua/Wang Ying/ Getty Images US stocks staged a comeback Tuesday after a harsh sell-off the previous day as investors bet on the continued strength of the economic recovery. Re-opening stocks in travel, restaurants, and lodging all rallied Tuesday. Bitcoin struggled to break back above $30,000. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks staged a comeback Tuesday after a harsh sell-off the previous day, with the Dow rebounding tk points as inves...
Tags: US, Trends, Markets, Treasury, SEC, Bill Ackman, Stock Market, Nasdaq, Dow Jones, Dow, S&P 500, Cnbc, Jpmorgan, Dubravko Lakos Bujas, Emily Graffeo, Stock Market Sell-Off


Nearly 600 IPOs rolled out globally in the second quarter, dominated by traditional listings while SPAC activity cooled, says EY

Didi Global shares went public in the US in June. Xin Yue/Huanqiu.com/VCG via Getty Images 597 IPOs came online in the second quarter of 2021, the busiest quarter for that market in 20 years, said EY. There were 59 SPAC IPOs during the period, a slowdown from 299 during the first quarter. But SPAC activity is poised to pick up again in the second half of 2021. See more stories on Insider's business page. The second quarter of 2021 marked the most active for companies entering the pu...
Tags: China, US, Trends, Investing, Markets, Ey, Stock Market, IPO market, SPAC, US Securities and Exchange Commission, VCG, Carla Mozee, Didi Chuxing, Xin Yue Huanqiu, MI Exclusive, SPAC activity


Virgin Galactic drops 8% after rival Blue Origin launches Jeff Bezos into space at higher altitude

Bezos Blue Origin Launch July 2021 Blue Origin / New Shepard First Human Flight Shares of Virgin Galactic fell as much as 8% on Tuesday after rival Blue Origin launched Jeff Bezos into space.Blue Origin's launch came about one week after Virgin Galactic launched Richard Branson 53 miles above earth.Blue Origin's launch hit a higher altitude than Virgin Galactic, as it surpassed the Karman line 62 miles above earth.Sign up here for our daily newsletter, 10 Things Before the Opening B...
Tags: Amazon, Spacex, Texas, Trends, Markets, Nasa, Virgin Galactic, Richard Branson, Jeff Bezos, Stock Market, Branson, Blue Origin, Bezos, Karman, Matthew Fox, Mover