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Short-sellers are still shorting Tesla stock and the sentiment around the carmaker in Wall Street remains bearish. But there are three catalysts in September that could fuel the carmaker: stock split, S&P 500 listing, and battery technology day. Tesla is seeing a higher sell-rating than the average Dow Jones stock, data shows. Tesla
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Macy’s stock rallied some 2.75% by midday Wednesday, only to pull back to 1% below the day’s opening price. At issue is stronger-than-expected online sales, but massive losses in the second quarter as the pandemic raged. Macy’s has to address a fundamental weakness in its competencies: Online should not be less profitable
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Zoom stock surged by 566% year-to-date, after a surprising 40% rally on September 1. While some traders expect the rally to slow in the near term, analysts are optimistic about renewed yearly revenue guidance. Hong Kong’s richest billionaire Li Ka-Shing holds 8.5% of Zoom stake and has not sold any of it
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J. Jill stock’s 157% surge Tuesday looks like the work of retail investors on free brokerage apps like Robinhood.It’s a penny stock in a beaten-down company with a big brand teetering on the verge of bankruptcy, common fair on Robinhood.They came for Hertz, Delta, American Airlines, Carnival, and Ford. The
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Zoom and DocuSign stock just went parabolic in Tuesday trading.But putting earnings in perspective makes the shares look pricey.And the pandemic economy might not be forever.The Nasdaq Composite hit another record high Tuesday. The tech-heavy benchmark has gained roughly 3% since Thursday when Jerome Powell said the Fed wouldn’t mind
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With a massive success for the company despite the COVID-19 economic crisis, the Tesla CEO has added a whopping $87 billion to his personal wealth in 2020. Elon Musk’s net worth currently stands at around $115 billion.Wall Street investors continue to rush and purchase Tesla Inc (NASDAQ: TSLA). On Monday,
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Robinhood suffers an outage as Bloomberg reveals an SEC probe of previous outages in March. On this major trading day, several other brokerage platforms went down. But Square Payments’ CashApp emerged unscathed, giving its stock a boost. Monday was brutal for stock brokerage app Robinhood. The same day the Bloomberg reported an SEC
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The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:New all-time high in total market capitalization to GDP ratio
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A JP Morgan global strategy head says Trump will likely win the 2020 election. The stock market seems to agree. Wall Street analysts and clients generally view a Joe Biden Administration as unfriendly to equities. But the S&P 500 is sailing along, carefree of this outcome. Let’s set politics aside for a moment
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Stocks are coming up on their most tumultuous time of the year. The election will likely add additional volatility. Three upcoming periods bode well for shorting the market. The stock market continues upward yet again. Retail traders, fueled by companies announcing share splits, are taking the market to record territory. Yet for those
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