While it may seem meme stocks are slowing down, they continue to have a massive impact on the market. It’s a stark reminder that meme stocks are here to stay. Robinhood CEO and co-founder Vlad Tenev echoed these ideas in a recent interview with CNBC’s Andrew Ross Sorkin, saying the phenomenon gives embattled companies access
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Palantir (NYSE:PLTR) is a company that I cannot find a better phrase to describe than the well-known “Houston, we have a problem.” PLTR stock made its debut in 2020 through a standard IPO and gained significant traction in early 2021. With a 52-week high price of $45, it has sold off that early traction in
News of DraftKings (NASDAQ:DKNG) getting into the non-fungible token (NFT) business may have given its shares a boost late last month. But that’s not the main thing to focus on with DKNG stock. The future of the company’s sportsbook operations is still the main driver. For now, it appears set to remain one of the
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018. Michael Nagle | Bloomberg | Getty Images Given the uncertain financial landscape, investors want to know how they can pinpoint stocks that are poised to deliver
A worker machines a screed tower link at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon Granger | Calder Brothers Corporation | Reuters The economy is expected to have added about 845,000 payrolls in July, according to Dow Jones consensus estimate, as America’s workforce gradually rebuilds from sharp pandemic-induced job
Under Armour (NYSE:UA, NYSE:UAA), the U.S.-based sports clothing and footwear retailer, posted truly amazing results for its second quarter, ending June 30. This implies that UAA stock could easily rise 86.6% to $46.30 over the next year and a half, assuming its free cash flow (FCF) margins hold up on 2022 sales forecasts. Source: Sorbis
Robinhood Markets (NASDAQ:HOOD) got off to a rocky start following its recent initial public offering. HOOD stock closed its first trading day down more than 8%. Source: OpturaDesign / Shutterstock.com In the days that followed, Robinhood has skyrocketed to more than double its $38 IPO price. There’s no question Robinhood has been a tremendous success
Technology isn’t stagnant. It’s always evolving. Throughout history, we’ve seen that when technology evolves particularly fast, the world undergoes a mass, disruptive makeover that historians like to call “Industrial Revolutions.” Source: Shutterstock The First Industrial Revolution happened about 255 years ago – in the late 1700s – when humans learned how to harness the power of
Biotechnology and pharmaceutical companies both produce medicines, but the medicines made by biotechnology companies are derived from living organisms while those made by pharmaceutical companies generally have a chemical basis. The coining of the term biopharma further complicates matters. The term describes companies that are using both biotechnology and chemical sources in their medical research and development
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In this article WFC Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo has pushed back plans for employees to return to corporate offices by a month in response to the rise in U.S. coronavirus cases. The bank is now aiming to
In this article ZG DIDI DKNG WEED-CA NVAX GCI Check out the companies making headlines before the bell: Canopy Growth (CGC) – The Canadian cannabis producer’s shares rose 1.9% premarket after it posted an unexpected quarterly profit on rising marijuana demand and cost cuts. The gain comes even as revenue falls short of Wall Street
The U.S. is pulling out all the stops to modernize its infrastructure. While that word doesn’t inspire a lot of excitement for most investors, it’s a very enticing prospect on the whole. It means all of the things we rely on to conduct the fundamental business of living our lives will get an upgrade. The
Ashford Hospitality Trust (NYSE:AHT) claims to be “well-positioned to capitalize on the lodging recovery” its investor presentation. But judging by the price action of AHT stock, the shareholders have definitely not been capitalizing as they’ve struggled to get back to break even. Source: Shutterstock Regardless, the company claims to have a “clear path forward to capitalize
Stuck in a trading range since March 2021, Palantir (NYSE:PLTR) needs a positive catalyst to rally again. Yet, in recent trading sessions, the Nasdaq has started losing its bullish momentum. So, what does PLTR stock need in order to attract sustained buyers from here? Source: Ascannio / Shutterstock.com After high-flying software stocks like Amazon (NASDAQ:AMZN)
Traders at the New York Stock Exchange. Source: NYSE The market is churning at record levels as Covid fears ramp up and political uncertainty swirls, but there are still buying opportunities for investors. On Tuesday, Stephanie Link of Hightower Advisors, Josh Brown of Ritholtz Wealth Management, investor Pete Najarian and I joined Scott Wapner on
A ‘We’re Hiring!’ sign is displayed at a Starbucks on Hollywood Boulevard on June 23, 2021 in Los Angeles, California. Mario Tama | Getty Images July’s strong jobs report puts the Federal Reserve on track to slow its bond purchases — if the spread of Covid doesn’t hurt the economy and hiring later in the
It’s been a while since I last wrote about General Electric (NYSE:GE) and GE stock. So long, in fact, that the industrial conglomerate now trades near $100. Source: Sundry Photography / Shutterstock.com When I wrote about GE in late April, it was only trading around $13. To get that kind of liftoff, it must have