After years of no one in my household taking an interest in how I make a living, my 12-year-old caught me off-guard recently with a barrage of questions about investing. “What do you know about Elon Musk?” “How much money do I need to invest?” “How long will it take …
Read More » Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter results and commentary about the outlook helped relieve concerns about how the service will fare in the new reality. For the first quarter, the company expects 20% growth in its count of monetizable daily active users, a projection that …
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The career of Jeff Bezos as CEO of Amazon.com has been nothing short of amazing. And a very simple way to measure that is to look at one chart: FactSet This chart shows the total return for shares of Amazon.com Inc. AMZN, +1.11%, since Bezos led its initial public offering …
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GameStop Corp. shares sank further in the extended session Monday following the stock’s retreat from a record weekly gain, after one noted analyst said more than half of the short positions on the stock had been eliminated. GameStop GME, -30.77% shares fell as much as 35% in Monday trading, and …
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Short squeezes will remain a big story in the financial-news media until heavily shorted stocks that have been pushed up by individual investors connected through social media come crashing back to earth. The biggest “winners” during this craze have been GameStop, up 1,745% for 2021 through Jan. 27, and AMC …
Read More » Private-equity firm Silver Lake made out like a bandit this week by piggybacking off the stock market frenzy stoked in recent weeks by users of a Reddit message board. Silver Lake was able to clear a profit of roughly $ 112 million on Wednesday by selling 44.4m newly minted shares …
Read More » Move over, January: at least two other months have greater predictive power of stock-market returns than you do. January has a reputation as being able to forecast the U.S. market’s direction over the ensuing 11 months of a year. This alleged ability is known as the “January Predictor” and “January …
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Headphone maker Koss Corp., whose heavily shorted stock has been among those skyrocketing in recent weeks amid support from investors on Reddit’s WallStreetBets message board, swung to a second-quarter profit thanks to higher sales. Shares of Koss rallied more than 45% in the extended session Thursday, after closing down 28% …
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After watching a third consecutive day of Redditors helping to push the stock of a beleaguered retail chain to an undeserved record valuation of more than $ 10 billion Tuesday, I saw rapid fire jokes on Twitter about the situation. So I fired off a response to the general tone …
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