After Federal Reserve Chairman Jerome Powell warned that the Fed could speed up the tapering of its asset purchases, the shares of many unprofitable companies and the stocks of companies with poor fundamentals tumbled. With the trend likely to continue for some time, there are a few good stocks to sell that stand out. Nonetheless,
Metaverse altcoin Decentraland (CCC:MANA-USD) went over an all-time high of $5.90 in late November. However, MANA-USD has failed to continue the rally and slumped more than 25% since that peak. Source: Lichi / Shutterstock.com Despite the recent decline, MANA has returned about 60% in the last 30 days and currently trades at $3.89. With a
In this article FDS LCID KSS MSTR GCP BABA Check out the companies making headlines before the bell: Kohl’s (KSS) – The retailer’s stock rallied 2.8% in the premarket following news that activist investor Engine Capital is urging Kohl’s to consider either a sale of the company or a separation of its e-commerce business. Engine
It’s tough to figure out what stocks to buy as the Christmas chop is upon us. The markets are exceptionally volatile at the moment as some asset managers try and hit their year-end targets. The 75% month-over-month increase in the Cboe volatility index reflects just that. My take on current market events is that we are
With DraftKings (NASDAQ:DKNG) moving further and further into the red and continuing to face very tough competition, the outlook of DKNG stock is poor. Source: Lori Butcher/Shutterstock.com Also likely to weigh on the shares going forward are the stock’s still-high valuation and a key macro issue. It’s true that the company’s revenue is still climbing
Even before the news broke on Monday that Lucid Group (NASDAQ:LCID) had received a subpoena from the SEC regarding its SPAC deal, it was clear that investors were using December to take a healthy break from the electric vehicle space. Source: Around the World Photos / Shutterstock.com Closing out last Friday, LCID stock was down
The Direxion Daily S&P Biotech Bull 3X Fund (NYSEARCA: LABU) is an exchange traded fund (ETF) that seeks to replicate 300% of the daily performance (before fees and expenses) of its underlying index, the S&P Biotechnology Select Industry Index. LABU seeks daily leveraged investment results and is intended as a short-term trading vehicle, not a
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer on Monday warned investors that selling stocks in thin trading during the early morning premarket hours is not a sound strategy. “The selling that goes on between 4 a.m. and 4:30 a.m. in these Nasdaq names is frightening.” Cramer said on “Squawk
In this article KSS GCP MS UAL SAVE A jet from American Eagle, a regional branch of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia, December 3, 2021. Chris Helgren | Reuters Check out the companies making headlines in midday trading. Airlines — Airline stocks
Known for its multi-function camera app Snapchat, Snap (NYSE:SNAP) provides a dynamic social-media platform with strong appeal to younger users. Regardless, traders of SNAP stock don’t currently seem to have much conviction in the company. Source: Ink Drop / Shutterstock.com Snapchat isn’t necessarily the most popular social media platform, I’ll admit. Still, the company has embedded
Sometimes, investors want to diversify their portfolios geographically. Consequently, they might be curious about StoneCo (NASDAQ:STNE), a financial technology (fintech) firm that’s based in Brazil. It’s fine to research STNE stock, but this doesn’t mean that you should actually own it. Source: Shutterstock For one thing, the latest news reports regarding StoneCo are filled with class-action
When much of our culture is now determined by the efforts of “community,” the historic price movement behind GameStop (NYSE:GME) isn’t that surprising. In fact, you could say it was just a matter of time before retail investors realized the power they could have over a stock. At one point this year, this power took GME
In this article CRM AMBA HPE BOX BIRD DASH Check out the companies making headlines in premarket trading. Salesforce — Shares of the software giant dropped more than 6% in premarket trading despite a better-than-expected third-quarter earnings report. The company’s fourth-quarter guidance missed analysts’ expectations. Salesforce also announced it promoted Bret Taylor to the role of co-CEO, alongside
Winter months typically put natural gas stocks in the limelight. Energy consumption has made a remarkable rebound this year from pandemic-induced low levels. For instance, despite the recent pullback in price, natural gas prices have surged over 80% so far in 2021. Meanwhile, the S&P GSCI Natural Gas Index Spot is up 68% year-to-date (YTD). Understandably,
I’ve long called the situation with GameStop (NYSE:GME) a case of waiting for the other shoe to drop. With its latest sharp dive lower, that “shoe -drop” moment appears to have arrived. Specifically, the legion of self-described “apes” that have kept GME stock punching above its weight have started to head for the exits. Source: Shutterstock
I may have called it one ahead of time. But now, after it’s slipped below $5 per share, Clover Health (NASDAQ:CLOV) is officially a penny stock. Sure, this label says little about the prospects for CLOV stock, or its underlying business. Yet there is one key takeaway. The hope and hype surrounding this online-based provider
Now that you’re finally taking withdrawals from that 401(k) you’ve been contributing to for decades, how are 401(k) withdrawals taxed? Withdrawals—distributions, in retirement-plan speak—require you to pay taxes on what you take out, in most cases, effectively reducing your nest egg. What do you do? Here are several ways to minimize taxes on withdrawals. Key
In this article SNOW BA AAPL SIG FIVE OKTA Check out the companies making headlines in premarket trading. Snowflake — The cloud data company’s shares jumped more than 13% after the company reported quarterly results that beat revenue estimates. Snowflake also reported sales of $334 million during the third quarter, which exceeded the $306 million
Electric vehicle (EV) company Fisker (NYSE:FSR) has had a roller-coaster year. But now with 2021 reaching a close, FSR stock is on a roll. Specifically, the month of November was big for the company, highlighted by an Ocean EV unveiling at the LA Auto Show. FSR stock closed out October at $16.05. By the last day
Teladoc’s (NYSE:TDOC) stock growth is slowing, its losses are increasing, and its advertising, sales and marketing costs are jumping. Source: Postmodern Studio / Shutterstock.com I believe that these trends are all signs that the company is being hurt by the tough competition that I’ve warned about in the past. Meanwhile, the easing of the pandemic