South Korean e-commerce giant Coupang (NYSE:CPNG) made a splashy debut with its initial public offering in March. CPNG stock was priced at $35 a share. It shot up to a high of $69 on its first day of trading before closing up 40%. Since then, it’s been mostly downhill for shares. Source: Michael Vi /
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The video game console wars are closely followed by gamers worldwide. Though the financial aspect is often lost in the noise surrounding it, profitability is the most important metric that a company looks for in the end. The war for top-selling video consoles has expanded from merely selling consoles to offering online access and subscription-based services. The battle for
The plant-based boom is just starting to sprout. In fact, with millions of people turning to plant based diets, analysts at Credit Suisse say the industry could grow 100-fold to $1.4 trillion by 2050, as noted by VegNews’ contributor Anna Starostinetskaya. Shorter-term, Bloomberg Intelligence says the plant-based industry could balloon to $162 billion by 2030
The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday. “I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory. “We have to
Logo on an Apple store is seen in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters Check out the companies making headlines in midday trading. Apple — Shares of the tech giant jumped more than 5% following a strong quarterly report that showed its largest single quarter in terms of revenue ever. Apple beat analyst estimates
GameStop (NYSE:GME) has taken a huge hit in the past month and a half since its earnings came out for the quarter ending Oct. 30. As of Jan. 28, GME stock is at $94.65 per share, down from $148.39 at the year-end and also from a recent peak of $247.55 on Nov. 22. Source: Shutterstock
Maryland-based pharmaceutical company Novavax (NASDAQ:NVAX) is a Wall Street disappointment right now. NVAX stock is down more than 40% so far this year. But that doesn’t tell the full story of the stock’s slide. Source: vovidzha / Shutterstock.com It was less than a year ago that NVAX stock traded for a hair under $330 per
With the Federal Reserve expected to start raising interest rates in March, some investors feel that this will make it more difficult to find winning stocks to buy. However, the idea that interest rates move markets is debatable. As rates rise, it’s possible that income-concerned investors will be less incentivized to buy dividend-paying stocks, opting
A Falcon 9 rocket launches the GPS III SV05 satellite on a mission for the U.S. Space Force on June 17, 2021. SpaceX Elon Musk’s SpaceX broke its own annual orbital launch record last year, and it’s looking to pick up the blistering pace further in 2022 to an average rate of one per week.
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the
Cloudflare (NYSE:NET) helps make everything online secure fast and reliable. The company does its best to eliminate fears of cyberattacks, boost productivity, and improve remote working for its clients. This is a very strong economic moat for NET stock but, right now, it isn’t enough to make it worth buying. Source: IgorGolovniov / Shutterstock.com Cloudflare
Shareholders in Lucid (NASDAQ:LCID) started 2021 on a bright note. And LCID stock kept up the momentum for most of the year. Source: Around the World Photos / Shutterstock.com LCID stock surged last November on news that the first Lucid Air EVs had been delivered to customers. Stellar reviews of Lucid’s first production EV also didn’t
The Iraqi dinar (IQD) revaluation rumor has been around for a number of years and continues to attract a substantial number of believers. Scores of people have purchased Iraqi dinars from fast-talking promoters and online dinar currency dealers based on the firm belief that they will make windfall profits—reportedly as much as 1,000 times their original
Tech stocks, including most big tech names, have been performing very badly in the first few weeks of this year. The Nasdaq 100, which is made up primarily of large tech companies, has tumbled 13% in 2022 so far. But investors who follow a few principles when it comes to buying large tech stocks can
CNBC’s Jim Cramer on Thursday cautioned investors against rushing to empty or beef up their portfolios based on movements outside of normal U.S. trading hours. “Don’t pay attention to what the futures [are] doing. Pay attention to what you like,” Cramer said on “Squawk Box,” before stocks opened higher Thursday. “We have a lot of
In this article NFLX BX TSLA CMCSA MCD TSCO Check out the companies making headlines before the bell: Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also announced an 8% dividend hike and
Passive-income seekers see the start of a given year as an opportunity to participate in the “Dogs of the Dow” strategy. What’s that investment method? Well, investors buy the 10 highest-yielding stocks from the Dow Jones Index — say at the start of 2022 — and hold them for 12 months. Then, in 2023, they invest
Last year, I wrote a few bearish columns on Skillz (NYSE:SKLZ). However, now there’s no question that I’m more optimistic about the outlook of SKLZ stock. Source: Dennis Diatel / Shutterstock.com For one thing, in recent months — in-line with my previous expectations — the stock has tumbled. In fact, as of Jan. 26, the
Sometimes, businesses try things and fail. Investors can be utterly unforgiving of failures, though, and lately Seattle-based Zillow Group (NASDAQ:ZG) has been Wall Street’s whipping boy as ZG stock continues to sink to new short-term lows. Source: OpturaDesign / Shutterstock.com A couple of years ago, Zillow Group attempted to expand into the business of iBuying. This
Coming into the new year, Skillz (NASDAQ:SKLZ) continues to post fantastic revenue growth. Unfortunately, this did not translate to gains for investors. SKLZ stock has had an abysmal performance in 2021. The stock lost 90% of its value as it dropped from a high of $45. Source: Dennis Diatel / Shutterstock.com For sure, the company