Traders on the NYSE, May 3, 2021. Source: NYSE It’s not just about earnings anymore: Dividends and huge inflows are helping stocks power forward. April trading data is in, and it shows two surprises: an increase in dividends, and huge inflows into equities that are even stronger than the first three months of the year.
In this article .DFII Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE The NYSE is adjusting its Covid protocols and will allow more people on its trading floor. Beginning Monday, members of the floor community who have been fully vaccinated will be exempt from certain restrictions, including
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday. This is the third House hearing focused on GameStop, but this is Gensler’s first appearance as chairman before the Committee.
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker earned $2.25 per share for the first quarter, compared to a consensus estimate of $1.04 a share, though revenue was very slightly below forecasts. GM said its results were helped by strong auto pricing as well as
In this article ETSY RUN ZNGA Check out the companies making headlines after the bell on Wednesday: Etsy — Shares of Etsy slid 7% despite the company its results beating top and bottom-line estimates for the first quarter. The e-commerce company earned $1 per share, compared to the 88-cent per share profit analysts surveyed by
Take a look at some of the biggest movers in the premarket: Etsy (ETSY) – Etsy shares plunged 11.1% in premarket trading after the online crafts marketplace warned of slowing user growth. Etsy beat estimates by 12 cents a share, with quarterly profit of $1.00 per share. Revenue also beat forecasts. Etsy declined to provide
In this article ETSY RUN K NurPhoto Check out the companies making headlines in midday trading. Kellogg — Shares jumped more than 8% after the cereal and snack food company beat expectations on the top and bottom lines for the first quarter. Kellogg earned an adjusted $1.11 per share on $3.58 billion in revenue, helped
In this article BYND EXPE PTON Roberto Machado Noa Check out the companies making headlines after the bell on Thursday: Peloton — Shares of Peloton dropped more than 6% after the closing bell, when the fitness company reported fiscal third-quarter sales growth of 141%. Its per-share loss for the quarter was also smaller than expected
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28, 2021. Bridget Bennett | Reuters Job growth in April could top 1 million, though many positions also may have gone unfilled. Economists expect to see job creation in each of the next several months of
Take a look at some of the biggest movers in the premarket: Beyond Meat (BYND) – Beyond Meat lost 42 cents per share for the first quarter, more than double the 19 cents per share loss that analysts had expected. Revenue also missed forecasts, with the company saying the pandemic has dampened both retail and
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines in midday trading. Square – The payment company’s stock rose more than 6% after the company’s first-quarter earnings topped
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The much-weaker-than-expected April jobs report reinforces the Federal Reserve’s easy policy stance, but some strategists still expect the central bank to signal in the next couple of months that it will slow down its bond buying. Economists
Traders on the floor of the New York Stock Exchange. Source: NYSE After April’s disappointing jobs report, market focus will shift squarely to inflation in the week ahead. The tug-of-war over tech stocks will also continue to be a dominant force in the stock market, after Friday’s bounce more than halved the week’s losses in
As the economy opens up again, one sector that stands to benefit in a real way is oil stocks. People begin to consume more, and they’re also leaving their houses to travel, whether for business or pleasure. And while daily commutes aren’t in the cards for many yet, some office time is coming back online.
As its merger with SoFi gets closer to reality, Social Capital Hedosophia Holdings V (NYSE:IPOE) continues to fall. It appears that IPOE stock was the subject of some short-selling activity that is possibly linked to the delay in the merger. The postponement came after the U.S. Securities & Exchange Commission (SEC) updated its guidance about
This is the craziest market I’ve ever seen. We now have conditions like we’ve never traded through before. Most notably is how big a role the U.S. Federal Reserve is playing in equity markets. They have developed a third unofficial mandate to also prop equity markets. As a result, the indices won’t quit rallying, even
The technology behind credit card transactions is miles away from the sector’s origins. Long gone are the days of the swipe of carbon paper machines. They even invented a new term for the sector, fintech, boasting new companies as cool as the name. Source: JHVEPhoto / Shutterstock.com Paypal (NASDAQ:PYPL) stock is one of those new
The transformation from petrol and diesel vehicles to electric vehicles is an important part of the global push towards cleaner energy. Electric vehicle stocks have outperformed traditional automakers in the last year. It’s very likely that pure-play electric vehicle company stocks will remain outperformers. However, almost all automakers are making a gradual shift towards electric
So far, 2021 has been a year full of high hopes surrounding a global economic recovery. With vaccine rollouts at almost full speed in many countries, the expectations for a return to “normal” are very high. However, with the U.S. indices also at record highs, it has become challenging to find up-and-coming stocks this year.
Skillz (NYSE:SKLZ) stock may be finding support at prices between $15 and $20 per share. But, so far, shares in the e-sports competition platform have struggled to bounce back. You may recall that, back in February, this stock traded for prices as high as $46.30 per share. Source: Shutterstock Former SPACs (special purpose acquisition companies)