Digital World Acquisition (DWAC), the SPAC taking Truth Social public, is holding steady. Uncertainty over Elon Musk going through with his Twitter (TWTR) takeover is the likely reason. Twitter deal or no Twitter deal, there’s still big downside risk with DWAC stock. Source: rafapress / Shutterstock Speculative stocks have been hit hard in recent days,
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Updated Bank Regs Proposed for Internet Services On May 5, 2022, three federal agencies—the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Federal Reserve Board) and the Federal Deposit Insurance Corporation (FDIC)—issued a joint notice of proposed rule-making to update regulations issued under the Community Reinvestment
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as
Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are a wildcard for consumer wallets this summer, as tight supply and uncertainty in Ukraine could drive fuel costs sharply higher. Gasoline prices are climbing towards $5, and they seem set to stay high even beyond the
Electric vehicle (EV) stocks will likely benefit from increasing global demand. Blink Charging (BLNK): Revenue soars as international expansion continues. Li Auto (LI): Despite the recent pandemic resurgence in China, Li Auto is among the leading 10 EV names in China. Nio (NIO): Although the stock is at risk of delisting in the U.S., global operations
These dividend stocks distribute high yields and have strong buy ratings, making them great opportunities for passive income investors. Fortress Transportation and Infrastructure Investors (FTAI): Forward dividend yield of 7.06% and an upside of 81.54%. Global Medical REIT (GMRE): Forward dividend yield of 6.43% and an upside of 30.69%. Diamondback Energy (FANG): Forward dividend yield
Electric vehicle stocks are in serious hot water. Tesla (TSLA): How long can the market leader retain its crown? Rivian (RIVN): Major shareholders are dumping the stock as fast as they can hit the “sell” button. Lucid Group (LCID): Production problems continue to hold this EV start-up back. Fisker (FSR): Investors will need to separate the hype form reality
Already at penny stock levels, following its latest earnings release, FuboTV (FUBO) has hit new lows. Its comeback potential may be limited, given its challenges. You may be better off wagering on a sports betting pure play rather than on this risky sports streaming/wagering stock. Source: Burdun Iliya / Shutterstock.com As I discussed last month,
Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images SEC Chair Gary Gensler is testifying
In this article BBWI SNPS CSCO A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. Sergio Perez | Reuters Check out the companies making headlines after the bell: Cisco Systems — Shares of the networking company sank nearly 13% after hours as the company forecasted a
[embedded content] We kick things off this week by digesting inflation as we see it through the lens of the consumer price index (CPI) print for April, which came out last week. And there’s good and bad news. It’s lower than what it was — but higher than what we expected. Does this mean we’ve
These real estate stocks to buy offer investors ample dividend income to fight off the inflationary pressures in the economy Annaly Capital Management (NLY): Its beat on both top and bottom lines in Q1 2022 looks very promising. Chimera Investment (CIM): A decline of 36% in 2022 makes it a bargain now for a very
Tesla (TSLA) stock is overvalued and Chief Executive Officer (CEO) Elon Musk is bored. The company has yet to begin planning on a true mass market car. Tesla loses share wherever the middle class gets into the electric revolution. Source: Ivan Marc / Shutterstock.com I am not a fan of Tesla (NASDAQ:TSLA) or TSLA stock.
Short-seller Hindenburg Research’s bearish call on Elon Musk’s Twitter (TWTR) takeover deal paid off. There’s now a good chance the $54.20 per-share deal doesn’t go through as is. Still, if TWTR stock continues to slide, risk/return could again become favorable with this merger arbitrage situation. Source: rafapress / Shutterstock.com Merger arbitrage, essentially the wagering on
Shares of Citigroup (C) jumped 7% after Warren Buffett’s Berkshire Hathaway reported a nearly $3 billion stake in the bank. Berkshire revealed the investment along with others in its quarterly 13F filing. Citigroup’s shares were down 16% this year, trailing other big banks. The bank is in the middle of a turnaround led by new CEO Jane Fraser, who
In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Citigroup shares got a boost from Warren Buffett who just disclosed a big stake in the struggling bank. The bank stock jumped more than 5% in premarket trading after a filing revealed Monday evening that Buffett’s Berkshire Hathaway added more
Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air conditioning season could send them soaring by at least another 25%. In the futures market,
Although the conservative approach is to heed the warning of the broader market meltdown, these ideas are going against the grain. Chefs’ Warehouse (CHEF): A likely beneficiary of the retail revenge and revenge traveling phenomena, CHEF is an intriguing name among stocks to buy. TreeHouse Foods (THS): A multinational food processing firm specializing in private
These six dividend stocks to buy allow investors to weather a coming recession. These stocks pay dividends and have good dividend yields, low price-to-earnings (P/E) and good prospective earnings growth. CNH Industrial (CNHI) – The equipment maker has a 2.03% yield, a forward P/E of 9.99x, and good earnings growth. Edison Int’l (EIX) – This
AMC Entertainment (AMC) just reported better-than-expected Q1 earnings. However, the movie theater chain is not out of the woods yet and is struggling to return its business to pre-pandemic levels. AMC stock remains under pressure, with at least one analyst forecasting it will fall to just $1 per share. Source: Elnur / Shutterstock.com Down 27%