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
Virgin Galactic (NASDAQ:SPCE) and SPCE stock are a perfect example of what is wrong with special purpose acquisition companies (SPACs). Source: Tun Pichitanon / Shutterstock.com As Groucho Marx said in The Cocoanuts nearly a century ago, “You can have any kind of a home you want. You can even get stucco. Oh, how you can
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from
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.
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
Growth stocks soared in 2020, with tech shares leading the way. The SPDR S&P 500 Growth ETF (NYSEARCA:SPYG) gained 78.3% from March 23 to Dec. 31. When investors learned of the efficacy of the coronavirus vaccines at the end of the year, a rotation out of growth stocks took place in the market, as a
It may seem counterintuitive given the extreme speculation in the market these days. Prime evidence comes from trading equities on margin, which in March 2021 again hit an all-time high. However, investors ought to consider safe stocks to buy. No, I’m not suggesting a wholesale shift. But the craziness warrants some exposure to the dull
There’s an argument circulating that there’s more reason than ever to buy Hyliion Holdings (NYSE:HYLN) stock. After all, share prices are just about as low as they’ve ever been in the short time since the company was taken public via a SPAC reverse merger in September of last year. Source: buffaloboy / Shutterstock.com So, bullish
The re-election of Brazilian president Dilma Rousseff did not wipe out local asset prices as many predicted. And even though many investment firms see the Bovespa index eventually bottoming out at 46,000 points before rallying again, the story on the long-term is still out. For now, a short honeymoon period with the new Dilma is
A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its space tourism rocket called New Shepard, the company announced Wednesday. Blue Origin has yet to open ticket sales or release pricing information about New
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
Thomas Siebel, the founder of Siebel Systems (later sold to Oracle (NYSE:ORCL)), took his company public, C3.ai (NASDAQ:AI) at $42 in December 2020. After peaking at $179 on Dec. 22, AI stock has drifted down to $58.74 as of May 5. However, it still trades at a very high valuation on a price-sales (P/S) multiple, despite
Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin may be taking another step towards mainstream adoption, CNBC has learned. For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts,
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
I continue to stand by Canadian cannabis company Sundial Growers (NASDAQ:SNDL), but I admit it’s been getting tougher to defend my position. SNDL stock has continued to decline, providing ammunition to critics. Source: Shutterstock Low-priced cannabis stocks are speculative. There’s risk involved with an investment in Sundial Growers, and this will remain true for the foreseeable
Chinese electric car maker Nio (NYSE:NIO) saw its shares appreciate in value spectacularly in 2020. Nio ended the year at $48.38, for an eye-popping 1,080% gain. However, 2021 hasn’t been so rosy for Nio stock. Source: Sundry Photography / Shutterstock.com After climbing to a $62.84 close on Feb. 9, NIO stock has slumped. Now trading
What are investors who buy Castor Maritime (NASDAQ:CTRM) stock purchasing? Source: Pavel Kapysh / Shutterstock.com The simple answer is: a dry-bulk shipping company, one that is growing aggressively via vessel acquisitions. Just in the first four months of 2021, Castor’s fleet has grown from six ships to 24. That’s true as far as it goes.
In this article ARKK ARKQ Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Star manager Cathie Wood’s flagship fund —ARK Innovation —
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.
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Bucking declines in the broader market, shares of U.S. Steel rose 5.8% in