Without a doubt, the fate of Meta Platforms (NASDAQ:META) stock rests in the hands of its founder and CEO, Mark Zuckerberg. Going forward, META will have to be on board with Zuckerberg’s insistence on morphing Meta into a metaverse business. Before taking a position, however, financial traders should carefully read the CEO’s seemingly apologetic message to
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There’s a good-news, bad-news situation with China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO). The bad news is that some analysts reduced their price targets on NIO stock, and the company’s financial stats have some sore spots. Yet, there are also some highly encouraging data points to consider. Furthermore, potentially positive news from China could benefit Nio
In this article AMAT KEYS STNE ROST GPS LYV PANW Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue.
It’s a good time to start looking for millionaire-maker penny stocks. Inflationary pressures are starting to come down, and the market has started to creep higher. Of course, it is impossible to say if the market has truly hit bottom. That said, most investors can agree that the downturn has disproportionately affected penny stocks. With
Penny stocks are much riskier than your average investment. After all, you don’t typically have a share price below $5 without some problems, be it a failing business plan, poor execution by management, etc. Yet, for some investors, the potential rewards outweigh the risks. For those itching to put speculative capital to work, I have
In this article KSS M BJRI BABA Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-store sales fell less than expected and the company also raised its earnings outlook. BJ’s
With the holiday season about to kick off, it’s time to decide whether to add to, cut back on or hold your position in Amazon (NASDAQ:AMZN) stock. It’s a tough choice to make as inflation remains “sticky” and e-commerce businesses are under pressure. Nonetheless, Amazon is responding with proactive cost-cutting measures, and it makes sense to
Inflation is forcing people to make tough choices in 2022. Nevertheless, the chief executive of audio streaming service Spotify (NYSE:SPOT) is weighing price increases. This could turn out to be a serious misstep. On top of that, investors or would-be investors in SPOT stock need to consider Spotify’s financials, which are subpar even if the company
Big tech is taking an ax to its headcount, and Amazon (NASDAQ:AMZN) is no exception. The e-commerce and cloud computing giant recently announced its own round of mass layoffs, downsizing 10,000 corporate and technology positions. So far, this move has had little impact on AMZN stock. AMZN dropped 2.36% on the news, but shares have
In this article NVDA SONO BBWI CSCO Follow your favorite stocksCREATE FREE ACCOUNT A runner jogs past Cisco Systems headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Cisco – Shares jumped 4.8% after the maker
As inflation and spiraling interest rate hikes continue to dominate the discussions of most investors, the stock market continues to see bearish momentum build. Many investors are growing increasingly apprehensive about what next year may hold. Accordingly, many are choosing to add exposure to high-yielding dividend stocks over growth stocks, as uncertainty reigns supreme. This
There was a time when it seemed investors couldn’t get enough of electric vehicle stocks. In their euphoria, they bid up shares of established players all the way down to pre-revenue startups to unsustainable heights. Then the bubble burst and EV stocks came crashing down. Amid concerns about demand destruction, range anxiety and the viability
Beaten-down lidar stocks could provide investors with one of the biggest opportunities of 2023. After all, lidar is an essential piece of the self-driving-auto puzzle. Lidar allows vehicles’ computers to take a 3D image of the area around them. The sensors can then measure the range or speed of objects, bounce lasers off the objects,
In this article AAP CCL LOW TGT Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Target (TGT) – Target plunged 13.5% in the premarket after missing consensus estimates by 59 cents with quarterly earnings of $1.54 per share. The retailer expects a drop in holiday season sales and
There’s no denying that neo-banking firm SoFi Technologies (NASDAQ:SOFI) is divisive. After all, this is a company that wants to disrupt personal finance as we know it. However, this doesn’t mean SOFI stock can’t move higher. If the Federal Reserve eases up on its course of interest rate hikes, and if SoFi Technologies can continue to
Technology stocks are showing some signs of life with the Nasdaq Composite up nearly 10% over the past four trading days. The renewed interest in growth stocks has been triggered by lower-than-expected inflation readings. The hope is that the Federal Reserve will begin to ease its aggressive rate-hiking campaign. However, the recent data is far
High inflation and soaring interest rates have been the main factor behind the double-digit stock downturn so far this year, but alongside these macro factors, many stocks have plunged due to more company-specific issues—for example, corporate scandals. These scandals run the gamut, both in the type of scandal and the severity of the scandal. Categories
Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE As we see valuations soften in many parts of the market today, it can feel like an uncertain time for investors, especially in technology. However, on close examination, investing specifically in enterprise software will continue to be one of the best uses of
In an aerial view, the Carnival Miracle cruise ship operated by Carnival Cruise Lines sits docked at Pier 27 on September 30, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Carnival — Shares of the cruise line plummeted more than 13% in extended trading
Some good news is finally starting to creep into the markets with inflation easing in October. However, GDP growth remains a concern. That’s a key reason why growth-focused penny stocks are trading at depressed valuations. This is still not a market where investors can aggressively take positions in high beta stocks. Accordingly, I would remain