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Stocks rocketed higher in the first two months of the year. If history is any indication, equities are primed for further gains moving forward. Data compiled by LPL Financial show the S&P 500 has posted gains in the final 10 months of the year in 25 of the 27 times …
Read More »Monthly Archives: March 2019
In choppy markets, these stocks will be the first ones hedge funds bail on
Johannes Eisele | AFP | Getty Images A trader makes a bubble with a chewing gum ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on January 29, 2019 in New York City. When hedge funds race for the door, don’t get left holding …
Read More »Grocery store stocks take a beating on report that Amazon will launch its own chain of supermarkets
Jim Watson | AFP | Getty Images Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Amazon is planning to open its own grocery stores in the U.S. at …
Read More »Lyft releases S-1 for IPO
Isaac Brekken | Getty Images Entertainment | Getty Images Lyft welcomes guests to a lounge at Sundance Film Festival on January 23, 2018 in Park City, Utah. Lyft released its long-awaited IPO prospectus Friday, revealing company financials for the first time and a growing share of the ride-hailing market. Lyft …
Read More »Deputy Mayor Alicia Glen says New York wants to revive Amazon HQ2 deal
Don Emmert | AFP | Getty Images A view of the waterfront of Long Island City in the Queens borough of New York, along the East River, on November 7, 2018. New York City’s deputy mayor for housing and economic development, Alicia Glen, told CNBC on Friday, her last day …
Read More »US adds 6 to Venezuela sanctions list amid political crisis
Luis Robayo | AFP | Getty Images A demonstrator holds a placard as she takes part in a protest of Venezuelans against the government of President Nicolas Maduro at the Simon Bolivar International bridge in Cucuta, Colombia, on the border with Venezuela, on February 15, 2019. The U.S. is adding …
Read More »Tesla stock tanks after announcement on closures, layoffs and Q1 loss
Dursun Aydemir | Anadolu Agency | Getty Images Tesla Model 3 is being displayed for the press members ahead of 97th Brussels Motor Show at Brussels Expo Center in Brussels, Belgium on January 19, 2019. Tesla shares fell 8 percent Friday, a day after the electric car maker said it …
Read More »Caesars appoints three Icahn-backed directors to board
Robert Alexander | Getty Images Caesars Palace Las Vegas Hotel and Casino located along the Las Vegas Strip in Las Vegas, Nevada U.S. casino operator Caesars Entertainment has struck a deal with investor Carl Icahn that appoints three new directors to its board, although the billionaire hedge fund manager continues …
Read More »This group of stocks is among the first to roar back to all-time highs
Johannes Eisele | AFP | Getty Images A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. Software stocks are among the first to fully make back the December losses, beating the market and …
Read More »Analysts react to Tesla’s Model 3 announcement
Aly Song | Reuters Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Analysts were unimpressed after Tesla CEO Elon Musk announced a cheaper Model 3 on Thursday afternoon. Shares of the company were down more than 3 percent in pre-market trading …
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