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April 16, 2021

Stock markets

QuantumScape CEO mulls legal action in response to activist short-seller’s critical report

CNBC
CNBC – For more and to sign up click here QuantumScape could pursue legal action after coming under assault in a scathing report released by activist short-seller Scorpion Capital. “We’re absolutely going to look at that,” Jagdeep Singh, chief executive of QuantumScape, said when CNBC’s Jim Cramer asked if the......

Concerns over inflationary pressure on earnings will test stocks in the week ahead

CNBC
CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in......

Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing

CNBC
CNBC – For more and to sign up click here Betterment launched a new savings option in 2019. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the first quarter of 2021. Despite......

Robinhood and Coinbase top Apple App Store

CNBC
CNBC – For more and to sign up click here Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top......

Here’s one trader’s strategy for newly public game app Roblox

CNBC
CNBC – For more and to sign up click here As kids game app Roblox finds its footing in the public market, it could be ripe for a trade, TradingAnalysis.com’s Todd Gordon says. Shares of the company surged nearly 6% on Thursday. The stock has been climbing since Roblox announced......

‘Roaring Kitty’ stands to rake in millions on his GameStop options bet Friday

CNBC
CNBC – For more and to sign up click here The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters It could be a big pay day for Keith Gill, the Reddit......

Stock futures are flat in overnight trading after Dow closes above 34,000 for the first time

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CNBC – For more and to sign up click here Stock futures were little changed in overnight trading on Thursday after the Dow Jones Industrial Average crossed the 34,000 threshold for the first time ever. Futures on the Dow Jones Industrial Average dipped 10 points. S&P 500 futures traded near......

Health-care stocks are making a comeback, Jim Cramer says

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday highlighted health stocks, a rebounding segment he said is helping to lead the market higher. After being discounted and “left for dead” amid the coronavirus pandemic, health stocks are bouncing back, he said. “I think......

American Eagle Outfitters CEO expects ‘Roaring 20s’-like boom for malls post-pandemic

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CNBC – For more and to sign up click here American Eagle Outfitters CEO Jay Schottenstein said Thursday that the U.S. shopping mall “is not dead” and that the decade is shaping up to be a boon for business. The apparel retailer anticipates extending its double-digit comparable sales growth streak......

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer,......

The 10-year Treasury yield slid on Thursday. Why it could be good news for stocks

CNBC
CNBC – For more and to sign up click here The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that......

European stocks are still ‘very, very attractively priced’ at record highs, strategist says

CNBC
CNBC – For more and to sign up click here There’s opportunity in European stocks despite their record streak, according to one strategist. The broad-based Europe Stoxx 600 hit a record high on Thursday, rising above its February 2020 levels as earnings season kicked off and investors mulled over some......

Here’s how investors can spot the next Bernie Madoff

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CNBC – For more and to sign up click here Bernie Madoff exits federal court March 10, 2009, in New York. Mario Tama | Getty Images News | Getty Images Bernie Madoff was perhaps the starkest reminder that financial advisors can go rogue — and, when they do, people stand......

Stocks making the biggest moves after the bell: DraftKings, QuantumScape, PPG & more

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CNBC – For more and to sign up click here The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Check out the companies......

So far in earnings season, companies are reporting numbers way above what Wall Street expected

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CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from......

Supply chain slowdown hits at key pillars of economy and will likely get worse: Dan Yergin

CNBC
CNBC – For more and to sign up click here If you’re wondering why your new couch is going to take three or four months to arrive, not just a few weeks, the reason is simple:  You are at the very end of a global supply chain that has buckled.......

Facebook has more upside than Snap, two traders say. Here’s the key level to watch

CNBC
CNBC – For more and to sign up click here Facebook or Snap? This week analyst’s from Wedbush breathed new life into the rivalry, downgrading Facebook on concerns around Apple’s new privacy measures and upgrading Snap with a nod to its innovative platform and younger customer base. Two market analysts......

BlackRock’s Larry Fink says institutional clients fascinated by crypto but not that interested

CNBC
CNBC – For more and to sign up click here BlackRock CEO Larry Fink told CNBC on Thursday that the world’s largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies. “Our broad-based client relationships, we’ve had very little interconnectivity......

China could be one step closer to scrapping its controversial childbirth limits

CNBC
CNBC – For more and to sign up click here People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — China may be one step nearer to abandoning its controversial policy of restricting......

Holders of ‘cult-assets,’ like crypto, are putting pressure on the market, Jim Cramer says

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Wednesday that he’s growing worried as the dearth of sellers in bitcoin and other crypto assets has reached a “messianic” moment. “Right now there are so many cult-assets — Coinbase, cryptocurrencies, meme stocks, non-fungible-tokens — that......

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