GameStop GME, -2.35% might be the unshortable stock. Shares in the Texas-based videogame retailer dropped by more than 10% at the open Monday after the company announced it has the option to sell up to 3.5 million shares of its common stock in the near future. But as has been …
Read More »: Alphabet stock gets an upgrade amid ‘resilience and speedy recovery’ of ad business
The ability of Alphabet Inc.’s advertising business to bounce back amid the pandemic has one analyst hopeful about what’s yet to come. Stifel’s Scott Devitt upgraded Alphabet Inc. stock GOOGL, +1.04% GOOG, +1.00% to buy from hold late Monday, arguing that “the resilience and speedy recovery” of Google’s digital-ad business …
Read More »Market Extra: Friday’s jobs report will be released to a closed stock market—that’s only occurred 12 times since 1980
Good Friday is next week and markets will be closed as per usual. However, what will be unusual is that the closure of financial exchanges in the U.S., and some other parts of the world, comes as the government is slated to release a key report on employment in the …
Read More »NewsWatch: As rising Treasury yields spook stock investors, March looms like a lion
MARKETWATCH FRONT PAGE After a frenetic February, investors are probably hoping that March holds true to its proverb: In like a lion out like a lamb. See full story. This CPAC ‘golden calf’ Trump statue is spurring backlash of biblical proportions Comments like ‘the GOP worship a golden crook’ spread …
Read More »NewsWatch: As rising Treasury yields spook stock investors, March looms like a lion
MARKETWATCH FRONT PAGE After a frenetic February, investors are probably hoping that March holds true to its proverb: In like a lion out like a lamb. See full story. This CPAC ‘golden calf’ Trump statue is spurring backlash of biblical proportions Comments like ‘the GOP worship a golden crook’ spread …
Read More »The Tell: Here are 3 reasons why the stock market can survive rising bond yields in 2021
Rising Treasury yields have contributed to a selloff by the stock market’s pandemic high-fliers, but probably won’t be enough to spoil the appeal of stocks over bonds in 2021, according to one analyst. U.S. equity investors “have become focused on the recent increase in 10-year Treasury yields over the past …
Read More »Earnings Results: Applied Materials tops Street view on results, stock gains on strong outlook
Applied Materials Inc. late Thursday announced results and an outlook that topped Wall Street estimates, but the stock didn’t start taking off until the company started shedding light on what is driving its strong forecast. Applied Materials AMAT, -1.97% shares fluctuated between gains and losses before the analyst call started …
Read More »The Margin: Michael B. Jordan gave his girlfriend Hermès stock for Valentine’s Day
Looks like Michael B. Jordan is invested in his relationship. While many people lavished their lovers with traditional Valentine’s Day gifts like jewelry and chocolates over the weekend, the “Black Panther” star took things to the next level. Rather than simply buying his girlfriend, Lori Harvey, a leather bag or …
Read More »NewsWatch: The New York Stock Exchange president says the stock market is not a casino. Here’s what academic research says.
MARKETWATCH FRONT PAGE With the wild moves in the stock of GameStop and AMC Entertainment, or last week in cannabis makers, it’s not illogical to think of the stock market as a casino. Here’s what academic research finds. See full story. These retirees left their pricey life in Santa Cruz, …
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