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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


Coinbase just filed for a direct listing and it revealed a list of risk factors that investors should be aware of - from the volatile nature of cryptocurrency to the potential for cyber attacks

Coinbase founder and CEO Brian Armstrong at Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman/Getty Images Coinbase filed to go public on Friday morning with a direct listing. The "Risk Factors" section of the document highlights various challenges facing Coinbase. They include everything from the volatility of cryptocurrency to potential cyber attacks. Visit the Business section of Insider for more stories. One of the most popular cryptocurrency trading...
Tags: Finance, New York City, Trends, Features, Bitcoin, Crypto, Trading, Ethereum, Coinbase, Cryptocurrency, Satoshi Nakamoto, Securities And Exchange Commission, Reuters, Satoshi, Paris France, San Francisco California


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


Nvidia slips as concerns over global chip shortage weigh on 4th-quarter earnings beat

Mike Blake/Reuters Shares of Nvidia fell on Thursday as investor concerns about a global chip shortage weighed on an otherwise positive earnings report. The stock fell 3% in premarket trades on Thursday. The semiconductor industry has been struggling to meet global demand, thanks to an unexpected boom in online activity brought about by the pandemic. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of chip maker Nvidia fell 3% in premarket trading on on Thur...
Tags: Softbank, Trends, Markets, Intel, Nvidia, Earnings, Trading, Stock Market, Samsung Electronics, Apple Samsung, Huang, Santa Clara California, Mike Blake, Nvidia Nvidia, Jensen Huang, Nvidia stock


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


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


Home Depot slides as lack of future profit guidance outweighs earnings beat

Nicholas Kamm/AFP via Getty Images Shares of Home Depot declined by over 6% on Tuesday as the company opted not to provide profit guidance for 2021. The company reported earnings that grew 16% to $2.65 per share, higher than analysts' expectations. Revenue, meanwhile, jumped 25% to $32.26 billion, also higher than the $30.7 billion that analysts expected.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of Home Depot slipped  as much as 6% on Tuesday as the...
Tags: Home Depot, Mexico, US, Trends, Markets, Earnings, Trading, Stock Market, Pandemic, Nicholas Kamm, Refinitiv, Isabelle Lee, Refinitiv Revenue, Richard McPhail, Home Depot stock, Getty Images Shares of Home Depot


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


Spotify climbs 6% as company announces expansion to 80 new markets, target of 1 billion customers

An Android smartphone with the Spotify Music logo visible on screen, alongside a pair of earphones. Olly Curtis/Future via Getty Images Shares of Spotify climbed 6% on Monday as the company announced plans to expand in 80 new markets, targeting one billion users worldwide. It plans to add 36 languages to its platform.  The Swedish company will nearly double its presence in certain regioans, including Asia, Africa, and the Caribbean.  Sign up here for our daily newsletter, 10 Things Before ...
Tags: Spotify, Barack Obama, Trends, Markets, Bloomberg, Netflix, Middle East, Music Streaming, Trading, Stock Market, Caribbean, Asia Africa, Billie Eilish, Streaming Apps, Spotify Technology, Spotify Stock


Cassava Sciences jumps 16% on meeting with FDA paving the way for phase 3 study of Alzheimer's treatment

Westend61/ Shares of Cassava Sciences jumped as much as 16% on Monday on news that it successfully completed an end-of-phase two meeting with the FDA for its Alzheimer's treatment Simufilam. The biotech company will be moving forward with a pivotal phase-three study in the second half of this year.  Simufilam is a novel drug that targets "both neuroinflammation and neurodegeneration. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of Cassava Sciences jumped...
Tags: Trends, Markets, Alzheimer's Disease, Trading, Fda, Stock Market, Austin Texas, Alzheimer's Drugs, Isabelle Lee, Cassava Sciences, Remi Barbier, Simufilam, Opening Bell Shares of Cassava Sciences, US Food and Drug Administration for Simufilam, Rubicon Simufilam, Alzheimer s Association Shares of Cassava Sciences


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


Cooper Tire spikes 27% after Goodyear agrees to buy it for $2.8 billion

Goodyear is splits between what Chief Technology Officer Chris Helse calls "tires and beyond-tires." Matthew Pearce/Icon Sportswire via Getty Images Shares of Cooper Tire surged 27% on Monday on news that Goodyear Tire will acquire the company for $2.8 billion. Goodyear shares traded 16% higher on the announcement.  Cooper shareholders will receive $41.75 per share in cash and 0.907 shares of Goodyear common stock per Cooper share,  Sign up here for our daily newsletter, 10 Things Before t...
Tags: China, US, Trends, Markets, M&a, Trading, Ohio, North America, Stock Market, Cooper, Goodyear, Goodyear Tire Rubber Company, Richard J Kramer, Matthew Pearce Icon Sportswire, Isabelle Lee, Goodyear Tire & Rubber


Deere shares climb 10% as the heavy equipment maker's 1st quarter revenue and earnings beat estimates

FILE PHOTO: The leaping deer trademark logo is seen on a sign outside a John Deere dealership in Taylor, Texas Reuters Shares of Deere climbed 10% on Friday after it announced first-quarter earnings and revenue that beat expectations.  The company also lifted its 2021 profit forecast, banking on higher equipment sales amidst a recovering global economy.  Deere reported earnings that came in at $3.87 per share, higher by 137% versus the $1.63 per share during the same period last year.  Sig...
Tags: Trends, Markets, Earnings, Trading, Stock Market, Zacks Consensus Estimate, John Deere, Deere, Moline Illinois, Deere & Co, Isabelle Lee, Deere stock price, Taylor Texas Reuters Shares of Deere, Opening Bell Shares of Deere Company, John C May


Novavax jumps 10% on deal to provide over 1 billion doses of its COVID-19 vaccine globally

Kate Bingham, Chair of the Government's Vaccine Taskforce, with a plaster on her arm after starting her Novavax trial at the Royal Free Hospital, north London. Kirsty O'Connor/PA via Getty Images Shares of Novavax jumped 10% on Friday after the company announced that it would supply over 1.1 billion doses of its COVID-19 vaccine. The company late Thursday unveiled a memorandum of understanding with GAVI to provide its vaccine in a push to guarantee fair and equitable distribution. ...
Tags: UK, London, White House, US, Trends, Markets, South Africa, Trading, Stock Market, Anthony Fauci, Gavi, Fauci, Royal Free Hospital, Novavax, Gaithersburg Maryland, Global Alliance for Vaccines


GameStop tumbles 11% to its lowest level in nearly a month amid Congressional hearing

John Minchillo/AP Shares of GameStop slipped as much as 11% on Thursday to their lowest level since January 21. On Thursday, the House Financial Services Committee held a hearing on January's episode, hearing testimonies from  the main players at the center of the GameStop drama. The stock price hit an intraday low around 3 pm ET as testimonies were still ongoing.   Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of GameStop slipped as much as 11% on Thursd...
Tags: Congress, Trends, Markets, Reddit, Trading, Stock Market, Robinhood, Cnbc, Gamestop, Congressional, House Financial Services Committee, John Minchillo, Thomas Peterffy, Peterffy, Keith Gill, Isabelle Lee


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


GameStop frenzy brought the market 'dangerously close' to collapse, says Interactive Brokers founder Thomas Petterffy

Queue in front of Gamestop store in Christmas atmosphere in Milan during coronavirus emergency, Milan, Italy, on November 03 2020. Mairo Cinquetti/NurPhoto/Getty Images Interactive Brokers founder Thomas Peterffy told CNBC that markets came "dangerously close" to collapsing during the Reddit-fueled GameStop frenzy last month. Peterffy blames the volatility unleashed on two factors: the volume of short interest in GameStop and the volume of options activity. His remarks came just before Thu...
Tags: Milan, Congress, Trends, Markets, Reddit, Trading, SEC, Stock Market, Robinhood, Cnbc, Gamestop, Milan Italy, House Financial Services Committee, AMC Entertainment, Thomas Peterffy, Interactive Brokers


Twilio surges 10% as adjusted profit beats expectations and 4th-quarter revenue growth picks up

Big Tech recovers after a rough day Wednesday on Wall Street. Matteo Colombo/Getty Images Shares of Twilio rose 10% on Thursday after it reported higher-than-expected revenue and earnings for the fourth quarter. The San Francisco-based company posted adjusted earnings of 4 cents a share, higher than analysts' estimates on Wednesday. Revenue leaped 65% to $548.1 million compared to the $454.8 million expected by analysts. Sign up here for our daily newsletter, 10 Things Before the Opening B...
Tags: Wall Street, San Francisco, Trends, Markets, Earnings, Trading, Stock Market, Twilio, Jeff Lawson Twilio, Isabelle Lee, Refinitiv Revenue


Cryptocurrency trading platform Coinseed sued by New York and SEC for selling 'worthless' tokens to investors

New York Attorney General Letitia James at her inauguration in January 2019. Andrew Lichtenstein/ Corbis via Getty Images New York attorney general Letitia James announced a lawsuit Wednesday against cryptocurrency trading platform Coinseed. The state attorney general is seeking to shut down the app and ban the founders of Coinseed from future investment schemes.  The lawsuit says Coinseed financed its "fraudulent" company by conducting an initial coin offering that sold "worthless" CSD to...
Tags: New York, Trends, Markets, Crypto, Trading, SEC, Cryptocurrencies, Securities And Exchange Commission, James, Letitia James, New York State Department of Financial Services, New York Attorney General, Andrew Lichtenstein Corbis, Getty Images New York, Isabelle Lee, Coinseed


Shopify slips 8% after saying 2021 revenue will grow slower than last year

A Shopify logo displayed on a smartphone in front of a computer. Omar Marques/SOPA Images/LightRocket via Getty Images Shares of Shopify slipped after the e-commerce company said that revenue this year will grow "at a lower rate than in 2020." Shopify reported fourth-quarter earnings that beat analysts' expectations amid the pandemic, as online shopping boomed. Shopify reported adjusted earnings of $198.8 million, or $1.58 a share, and revenue of $977.7 million. Sign up here for our daily ...
Tags: Trends, Markets, Earnings, Trading, Stock Market, Shopify, FactSet, Omar Marques, Isabelle Lee, Harley Finkelstein Shopify, Shopify Stock, Getty Images Shares of Shopify, Things Before the Opening Bell Shopify, Staples Canada Shares of Shopify


Coinbase valuation hits $77 billion as bitcoin soars past $51,000, report says

Coinbase Founder and CEO Brian Armstrong Steven Ferdman/Getty Images Coinbase hit a valuation of $77 billion last week, according to a report from Coindesk.The valuation is based off of trades from the Nasdaq Private Market, with Coinbase hitting $303 per share.At $77 billion, Coinbase is now bigger than Intercontinental Exchange, which owns the New York Stock Exchange.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Coinbase is now worth $77 billion ahead of its exp...
Tags: Finance, Ipo, Trends, Markets, Bitcoin, Crypto, Trading, New York Stock Exchange, Stock Market, Coinbase, Coindesk, Intercontinental Exchange, Matthew Fox, Bitcoin Price, Crypto Assets, Ipo 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


As expected, stock trading service Public raises $220M at unicorn valuation

The day before Robinhood goes under the the Congressional hammer, domestic rival Public.com announced this morning that it has closed a $220 million funding round at a $1.2 billion valuation. News of the round was first broken by TechCrunch. Further reporting colored in the lines concerning the investment’s size and valuation range. Confirming the funding news today, Public added a fresh metric to the mix, namely that it has reached one million members – over the course of just 18 months post-la...
Tags: Fundings & Exits, Startups, Mobile, Apps, Tech, Investment, Trading, Robinhood, Fintech, Congressional, Public Markets, Day Trading, Public.com, Retail Investors, Greycroft Accel Tiger Global Inspired Capital


Knowing the Common Errors of the Rookie Traders

Beginne rs think that trading is easy because  they are not trained enough.  P rofessionals know that trading requires lots of patience and hard work if someone wants to  earn  money. People should not try to repeat similar mistakes which can wipe  out the account. Because of a lack of knowledge, investors make various  mistakes and fail to achieve the ir  goal s . So, it is necessary to acquire some basic knowledge about the market so that  you  can understand which types of deci...
Tags: Personal Finance, Finance, Marketing, Trading


Oil and gas stocks lead record-breaking charge for S&P 500 as winter blast sends energy prices soaring

A TORC Oil & Gas pump jack near Granum Reuters Energy stocks were up broadly on Tuesday following a blast of winter weather that hit much of the US. The frigid temperatures that swept across the country led to a surge in demand for energy.  The unprecedented cold has roiled energy markets and has sent spot prices of electricity higher.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Energy stocks were up broadly on Tuesday as frigid temperatures that swept across ...
Tags: Texas, US, Trends, Markets, Bloomberg, Trading, Dallas, Oil Price, Stock Market, Lone Star, Diamondback Energy Inc, EOG Resources Inc, Occidental Petroleum Corp, Apache Corp, Marathon Oil Corp, Pioneer Natural Resources


Palantir slides 10% after posting unexpected loss in the 4th quarter

Palantir HQ. Picture Alliance/Getty Images Palantir posted a net loss of $148.3 million or $0.08 a share for the last quarter of 2020. The data analytics software firm attributed the losses to stock-based compensation and to employer payroll taxes.  Revenue, however, rose by 40.4% to $322.1 million for the company, which went public via direct listing in September 2020.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of Palantir tumbled as much as 10% on Tu...
Tags: California, Trends, Markets, Bloomberg, Peter Thiel, Reddit, Food And Drug Administration, Rio Tinto, Earnings, Trading, Stock Market, Denver, Palantir, Raymond James, Palantir stock, Isabelle Lee


Palantir slides 12% after posting unexpected loss in the 4th quarter

Palantir HQ. Picture Alliance/Getty Images Palantir posted a net loss of $148.3 million or $0.08 a share for the last quarter of 2020. The data analytics software firm attributed the losses to stock-based compensation and to employer payroll taxes.  Revenue, however, rose by 40.4% to $322.1 million for the company, which went public via direct listing in September 2020.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell Shares of Palantir Technologies tumbled 12% Tue...
Tags: California, Trends, Markets, Peter Thiel, Reddit, Food And Drug Administration, Rio Tinto, Earnings, Trading, Stock Market, Denver, Palantir, FactSet, Palantir stock, Isabelle Lee, Palantir HQ Picture Alliance Getty Images Palantir