Posts filtered by tags: Stock Market 2021[x]


 

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 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


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


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


The Fed has 'lost control', and the historic spike in bond yields points to a looming stock-market crash, Bank of America says

Getty Images / Xinhua News Agency The recent spike in interest rates has Bank of America warning of a potential stock market crash, according to a Friday note.The bank sees 1987 as a potential roadmap for 2021, in which a continued spike in yields helped spark weakness in the market."Unless the Fed fights back very soon with more treasury/MBS purchases, a similar fate likely lies ahead," BofA warned.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Last week's spike ...
Tags: Finance, Interest Rates, Trends, Markets, Bank Of America, Trading, Stock Market, Fed, BofA, Matthew Fox, Stock Market Outlook, Stock Market Analysis, Analyst Note, Getty Images Xinhua News Agency, Stock Market 2021


Dow jumps 428 points as bond yields decline from last week's high

A trader works on the floor at the NYSE in New York Reuters The Dow jumped more than 400 points on Monday as interest rates fell from last week's highs.The yield on the 10-Year US Treasury note was around 1.43% on Monday, down from a high of more than 1.53% last week. Johnson & Johnson began distributing its newly approved COVID-19 vaccine on Monday, boosting hopes of a swift economic reopening in the coming months.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.A c...
Tags: New York, Senate, US, Trends, Markets, Berkshire Hathaway, Warren Buffett, Fda, US Treasury, Johnson, Biden, Stock Market, Dow Jones, Berkshire, S&P 500, Dow Jones Industrial Average


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


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


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


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


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


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


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


Roaring Kitty, the investor whose Reddit posts helped spark a 1,022% spike in GameStop, told Congress he's still bullish on the stock

GameStop millionaire Roaring Kitty Roaring Kitty Keith Gill, also known as RoaringKitty on Twitter and YouTube, is still bullish on GameStop stock, even after its recent volatility.That's according to prepared opening remarks Gill is set to deliver to Congress during his testimony on Thursday."GameStop's stock price may have gotten a bit ahead of itself last month, but I'm as bullish as I've ever been on a potential turnaround," Gill said.Sign up here for our daily newsletter, 10 Things Bef...
Tags: Congress, Finance, Massachusetts, Trends, Markets, Reddit, Stock Market, Gamestop, MassMutual, Gill, Matthew Fox, Keith Gill, Gamestop stock price, Stock Market 2021, Gamestop Stock, Roaring Kitty


Renowned GameStop investor 'Roaring Kitty' sued for securities fraud over his role in the stock's epic surge

GameStop millionaire "Roaring Kitty" Roaring Kitty Keith Gill - also known by the name Roaring Kitty on social media platforms - has been sued for securities fraud over his alleged role in the GameStop short squeeze.Gill first invested in GameStop in June of 2019 and developed a cult-like following as he documented his "YOLO" bet on Reddit's WallStreetBets.He was named in a proposed class action lawsuit in Massachusetts, according to a court filing first seen by Bloomberg.Sign up here for o...
Tags: Congress, Finance, Massachusetts, Trends, Markets, Bloomberg, Reddit, Stocks, Gamestop, Kitty, Gill, Bloomberg Sign, Matthew Fox, Keith Gill, Gamestop stock price, Stock Market 2021


Renowned GameStop investor 'Roaring Kitty' hit with a securities-fraud lawsuit over his role in the stock's epic surge

GameStop millionaire "Roaring Kitty" Roaring Kitty Keith Gill - also known by the name Roaring Kitty on social media platforms - has been hit with a securities-fraud lawsuit over his alleged role in the GameStop short squeeze.Gill first invested in GameStop in June of 2019 and developed a cult-like following as he documented his "YOLO" bet on Reddit's WallStreetBets.He was named in a proposed class action lawsuit in Massachusetts, according to a court filing first seen by Bloomberg.Sign up ...
Tags: Congress, Youtube, Finance, Massachusetts, Trends, Markets, Bloomberg, Reddit, Stocks, Gamestop, Gill, Bloomberg Sign, Matthew Fox, Keith Gill, Gamestop stock price, Stock Market 2021


EHang extends two-day decline to 72% after short-seller says drone company is a stock promotion

Getty Images / Xinhua News Agency EHang, a drone company based in China, extended its two-day decline to more than 70% after a negative short report.Wolfpack Research said in a report on Tuesday that EHang is an "elaborate stock promotion."EHang has responded to the report, calling it "deceptive" and "unsubstantiated."Sign up here for our daily newsletter, 10 Things Before the Opening Bell.EHang extended its two-day decline to more than 70% on Wednesday after a short-seller report from Wol...
Tags: Finance, China, Trends, Markets, Drones, Trading, Stock Market, Ehang, Short Sellers, Wolfpack, Matthew Fox, Mover, Wolfpack Research, Stock Market 2021, Getty Images Xinhua News Agency EHang, IPO Wolfpack


EHang snaps back from 63% decline after short-seller says drone company is a stock promotion

Getty Images / Xinhua News Agency EHang, a drone company based in China, snapped back from its 63% decline on Wednesday after a negative short report.Wolfpack Research said in a report on Tuesday that EHang is an "elaborate stock promotion."EHang has responded to the report, calling it "deceptive" and "unsubstantiated."Sign up here for our daily newsletter, 10 Things Before the Opening Bell.EHang snapped back from its 63% decline on Wednesday after a short-seller report from Wolfpack Resea...
Tags: Finance, China, Trends, Markets, Drones, Trading, Stock Market, Ehang, Short Sellers, Wolfpack, Matthew Fox, Mover, Wolfpack Research, Stock Market 2021, Getty Images Xinhua News Agency EHang, IPO Wolfpack


Glu Mobile soars 34% after Electronic Arts agrees to $2.4 billion takeover

Andrew Wilson, CEO of Electronic Arts Kevork Djansezian / Stringer Smartphone game developer Glu Mobile and Electronic Arts have agreed to a $2.4 billion merger.Glu Mobile developed the popular smartphone game, Kim Kardashian: Hollywood, among others.Shares of Glu surged as much as 34% on Tuesday following the takeover news. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Glu Mobile surged as much as 34% on Tuesday after Electronic Arts agreed to acquire the mobile ...
Tags: Mobile, Hollywood, Kim Kardashian, Finance, Trends, Markets, Glu Mobile, Ubs, Stock Market, Movers, Andrew Wilson, Electronic Arts, Glu, Matthew Fox, Mover, Stock Market 2021