Finance
Beyond Meat is showing what happens when a low nominal share price, retail enthusiasm, heavy options activity, and relatively elevated short interest collide: this is what a meme stock rally looks like. Shares of the plant-based meat company are on a tear again on Tuesday morning, pushing toward the $2 level after sinking as low…
My top 10 things to watch Tuesday, Oct. 21 1. GE Aerospace raised its outlook across the board after a strong third quarter. While orders in the commercial engine segment rose 5%, it’s the services that stand out, with revenue rising 28%. Shares added about 2%. 2. Zions Bancorp , the regional lender at the…
BANGKOK — BANGKOK (AP) — Shares in Europe and Asia were mostly higher Tuesday, with Japan’s benchmark creeping closer to the symbolically important 50,000 level as conservative lawmaker Sanae Takaichi became the country’s first female prime minister. Germany’s DAX edged 0.1% lower to 24,228.07, while the CAC 40 in Paris was up 0.1% at 8,214.58….
Investors’ long-held “fear of missing out” is now vying with their “fear of wipeout”, creating a peculiar situation in which there are simultaneously anxieties about all the risks that could upset today’s stretched markets, as well as concerns about pulling back from an equity boom that could just keep running. Source link
This article was written by Follow I’m Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden Investors Club, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I’ve been charting investments since the 1980s, and I spent decades an an…
Sundry Photography/iStock Editorial via Getty Images Shares of plant-based meat company Beyond Meat (NASDAQ:BYND) have nearly doubled in value by midday on Monday in heavy volume trading. BYND is up 83.6% at $1.19 by 1:05pm ET. The stock rose as much as 92.3% to a session Source link
Earnings season is ramping up as Tesla (TSLA), Netflix (NFLX), General Motors (GM), and Ford Motor Company (F), among others, report results this week. As of Oct. 17, 12% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting an 8.5% jump in earnings per share during the third quarter….
US stocks marked time before the bell on Tuesday as Wall Street geared up for the next wave of corporate results, with General Motors and Netflix (NFLX) highlighting the docket. Dow Jones Industrial Average futures (YM=F) slipped 0.2%, while S&P 500 futures (ES=F) nudged down 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) also edged…
Beyond Meat skyrocketed on a short squeeze. Here’s what you need to know. The meme stock marauders were back with a vengeance today, with a surge not seen since the days of GameStop and AMC Entertainment during the peak of the COVID-19 pandemic. This time, it was Beyond Meat (BYND 127.70%) ripping higher on a…
Stock futures were sliding on Tuesday, as investors opted to take some profit ahead of another batch of quarterly earnings reports that could help determine if the current risk-on rally still has legs. Futures tracking the Dow Jones Industrial Average slid 74 points, or 0.2%. S&P 500 futures were down 0.1%, and contracts tied to…