Author: Admin
We’re adding to a health insurance stock on the dip that had great earnings
This company got off to a solid start this year, reporting at the end of last month a strong first-quarter earnings beat and a full-year outlook raise. Source
Read More
Jeremy Grantham says today’s bubble is worse than 2000, calling stocks to at least double the losses
Jeremy Grantham, a famed investor with a track record of identifying market bubbles, said the downturn today is worse than the tech bubble of 2000, calling stocks to at least double their losses. “The other day, we were down about 19.9% on the S & P 500 and about 27% on the Nasdaq. I would […]
Read More
Apple may have to slide a lot further before the market sell-off stops, trader says
Investors looking for an end to the ferocious selling of 2022 should watch Apple, which may have to tumble a good deal further yet before a market bottom is put in, according to trader Danielle Shay. The tech bellwether already is down 20% this year after a 5% drop Wednesday sent the stock into a […]
Read More
Novogratz says UST was a ‘big idea that failed’ after collapse, but he’s still confident in crypto
Crypto investor Michael Novogratz has broken his silence about the collapse of the Terra ecosystem, saying in a letter on Wednesday that he was confident in the industry over the long term. Novogratz’s investment firm Galaxy Digital invested in luna, the sister coin of TerraUSD, also known UST, in the fourth quarter of 2020 using […]
Read More
‘Pharma bro’ Martin Shkreli released from federal prison and into New York halfway house
Former pharmaceutical executive Martin Shkreli departs the U.S. District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Getty Images Notorious “Pharma bro” fraudster Martin Shkreli was released from a federal prison in Pennsylvania on Wednesday and into a U.S. Bureau of Prisons halfway house […]
Read More
Why Tesla was kicked out of the S&P 500’s ESG index
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even oil and gas multinational Exxon Mobil were included on the list. The S&P […]
Read More
What comes after the easy money era ends for cash-burning tech companies in Silicon Valley
Male in a suit holding burning cash and bank card. isolated on grey background. FXQuadro | iStock | Getty Images It started with word spreading through Silicon Valley last fall into winter about the term sheets for start-up funding getting pulled. Now, a less frothy Silicon Valley is the assumption in beginning to understand the […]
Read More
Here are some hedge funds that foresaw the tech fallout. And some that didn’t
This year’s tech-driven carnage in the stock market is carving out hedge fund winners from losers — showing up in diverging fortunes that haven’t been seen in years. Hedge funds that rode the tech wave up are getting crushed on the way down, especially those that doubled down on 2022’s biggest laggards in the first […]
Read More
Cramer rips Target for blindsiding investors. Turns out it did even worse than Walmart
Jim Cramer says the retailers should have preannounced the bad news. Source
Read More
Stocks making the biggest moves midday: Target, Lowe’s, TJX and more
Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles. Target posted an […]
Read More