Investment strategy
The Mag 7 isn’t so mighty anymore. Other stocks may need to help the market rally
The market’s leading tech stocks don’t hold the same sway they once did, and that may change the ingredients needed for a Wall Street rally. The Roundhill Magnificent 7 ETF (MAGS) — which holds shares of Microsoft , Apple , Alphabet , Tesla , Amazon , Nvidia and Meta Platforms in roughly equal measure — […]
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Why we’re lowering our Bristol Myers price target despite an earnings beat, guidance raise
Bristol Myers Squibb ‘s earnings beat and rosy outlook Thursday did not resolve lingering issues for the stock. But it was enough, for now. Revenue in the first quarter, which ended March 31, dipped 6% to $11.2 billion but topped estimates of $10.7 billion, according to LSEG. Adjusted earnings per share of $1.80 beat expectations […]
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Credit a ‘short squeeze’ for the stock market’s big two-day bounce
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange on April 22, 2025. Brendan McDermid | Reuters A key force at the center of the stock market’s massive two-day rally is the frantic behavior of short sellers covering their losses. Hedge fund short […]
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Citadel’s Ken Griffin warns Trump about tarnishing the ‘brand’ of U.S. Treasurys
Key Points President Donald Trump’s global trade fight risks spoiling the reputation of the U.S. and its government bond market, according to Ken Griffin, founder and CEO of Citadel. Treasury yields have risen and the dollar has weakened against its global counterparts this month in a sign that investors may be moving away from the U.S. […]
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PayPal introduces 3.7% yield on stablecoin balances to boost payments activity
Close up of a woman’s hand paying with her smartphone in a cafe, scan and pay a bill on a card machine making a quick and easy contactless payment. D3sign | Moment | Getty Images PayPal and Venmo users will soon be able to earn yield on their stablecoin holdings, the company said Wednesday. Customers […]
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Third Point’s Dan Loeb says he’s sold out of nearly all of his ‘Magnificent 7’ holdings
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of […]
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Bitcoin retakes $90,000 as investors see it as alternative to diving dollar and turbulent stocks
Bitcoin reclaimed the $90,000 level for the first time since March as investors jumped into the crypto for a second day amid continued stock market turbulence and a falling dollar. The price of bitcoin was last higher by about 5% at $91,605.01, according to Coin Metrics, bringing its 2-day gain to more than 8%. Earlier, […]
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Wall Street’s iconic charging bull statue vandalized by climate activists wielding neon green paint
Climate activists hold a protest at the Charging Bull statue in Bowling Green near the New York Stock Exchange on April 22, 2025. Michael M. Santiago | Getty Images Wall Street’s iconic Charging Bull statue on Tuesday was vandalized by a group of environmental activists who sprayed the bronze sculpture with neon green paint. The […]
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JPMorgan cautions most investors won’t have the stomach to handle CoreWeave’s volatility
The high degree of unpredictability for artificial intelligence cloud company CoreWeave won’t be tolerated by many on Wall Street, according to JPMorgan. “There could be a wide range of outcomes for CoreWeave,” analyst Mark Murphy wrote Tuesday. “For this reason, we expect the stock to provide a wild, lumpy, volatile ride, requiring a risk tolerance […]
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This ultimate global safe haven benefiting from the dollar’s downfall is up 11% this year
As the U.S. dollar slides and the stock market whipsaws, investors are pilling into the Swiss franc. The currency, long considered a safe haven for traders in search of respite from the current market volatility, has seen upward pressure as the greenback struggled. Compounding concerns about the state of U.S. economy and President Donald Trump’s […]
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