It was more of the same with U.S. stock markets in May, meaning that investors won’t be getting much reprieve from volatility in the near future. Virtually every U.S. stock index has more or less succumbed to bear markets. Hence, investors gravitate towards safe stocks that provide a hedge against troubling market conditions. You invariably
admin
American tech investors tossed Chinese tech stocks like Alibaba Group Holding (NYSE:BABA), JD.com (NASDAQ:JD), and Pinduoduo (NASDAQ:PDD) away months ago. I kept a few Alibaba shares, but their value is down by half. Today, American tech stocks are also in a bear market. Money-losing stocks doing important work like Cloudflare (NYSE:NET) are down by more
Today, the cryptocurrency market suffered a panic sell-off following new highs reported in US inflation data. Moreover, global market fears added to the vulnerabilities of cryptocurrencies. As a result, Bitcoin‘s price fell by $24,000, dropping 14% today. This is Bitcoin’s lowest level since December 2020. Ether, the second-largest cryptocurrency, lost over 15%, hovering around $1,200.
So far, 2022 has been a rocky year for the U.S. stock market. All major stock indices have losses, and a plethora of stocks lost a lot of ground as well. Looking for stable income amid the high volatility is not an easy task. However, it can become easier if you focus on dividend stocks
Check out the companies making headlines before the bell: Coinbase (COIN) — Shares of the cryptocurrency exchange sank more than 14% amid the sharp pullback in the prices of bitcoin and other digital assets over the weekend. DocuSign (DOCU) — The software stock extended its losses from Friday in premarket trading, falling more than 5%.
Special purpose acquisition company (SPAC) Gores Guggenheim (NASDAQ:GGPI) continues to be on schedule with its planned merger with electric vehicle (EV) maker Polestar. Enthusiasm about the deal, which was announced last fall, has seen a big drop in recent months. In turn, GGPI stock has fallen back to its original SPAC price of $10 per
The collapse of SoFi Technologies (NASDAQ:SOFI) stock price has gotten so bad it’s starting to look like a cautionary tale. The financial technology (fintech) company that likes to refer to itself as an “online bank” has seen its stock plunge 62% since the start of the year. At just below $6, SOFI stock more than
With stocks bouncing back from their May lows, you may be tempted to get back into riskier plays. For instance, FuboTV (NYSE:FUBO). While FUBO stock has held steady rather than begun to bounce back, you may be under the impression that it’s bottomed-out. In turn, you may assume that, whether due to more company-specific news,
In this article NEWR Delmaine Donson | E+ | Getty Images Company: New Relic (NEWR) Business: New Relic is a software-as-a-service company, delivering a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based
Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline is nearing an average $5 per gallon across the U.S., but while consumers are feeling the pain, prices are not yet at a level that would tip the economy into a recession, economists said. Where that breaking point
In the year thus far, Raytheon Technologies (NYSE:RTX) stock has done very well, bucking the overall bearish trend amongst the broader markets. The company specializes in defense, security, and aerospace. They provide weapons systems, missile systems, precision strike technology solutions, and intelligence to customers worldwide. Raytheon Technologies has been around since 1922, when it was
Source: Tero Vesalainen / Shutterstock.com Ride-hailing and delivery company Lyft (NASDAQ:LYFT) continues to disappoint investors on multiple fronts. LYFT stock is down 63% year to date and trading 78% below its initial public offering (IPO) price of $72 per share from March 2019. Currently, shares sit just above their all-time low. The San Francisco-based company
FuboTV (NYSE:FUBO) has been clobbered over the past year, falling 90% It’s possible shares are forming a bottom, but Q2 earnings present a potential downside catalyst New money should avoid FUBO stock, but current investors may want to hang on Source: Burdun Iliya / Shutterstock.com FuboTV (NYSE:FUBO) has plummeted 90% in the past year and
Investing has grown more complicated in recent decades, with the creation of numerous derivative instruments offering new ways to manage money. The use of derivatives to hedge risk and improve returns has been around for generations, particularly in the farming industry, where one party to a contract agrees to sell goods or livestock to a counter-party who agrees to buy those goods or
Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Markets are tense, and May’s hot inflation report has only worsened the situation. Last month’s consumer price index rose 8.6% from a year ago, making it the highest increase since December 1981. The reading spurred further worries about a recession and bond yields jumped on
Shoppers are seen wearing masks while shopping at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Economists expect inflation in May continued to burn white hot, with energy, food, rent and health care costs all rising. According to Dow Jones, economists expect the consumer price index rose 0.7%,
Nasdaq stocks have undeniably a tough year in 2022. The index is down nearly 25% following a short-lived rally. This sell-off naturally creates investment opportunities, but there is a caveat to finding undervalued stocks — just because a stock declines doesn’t mean it’s undervalued. Finding undervalued Nasdaq stocks to buy first requires to define what
Politicians don’t have a great reputation, especially these days. But some of them have had a good run with investing in stocks. This is a hot topic now because they have so many conflicts of interest. Their jobs most likely offer them unfair insider advantages, even if they don’t set out looking for them. Today,
Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t
In this article RBLX NFLX SFIX DOCU SAVE Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin | Gc Images | Getty Images Here are