J. Jill stock’s 157% surge Tuesday looks like the work of retail investors on free brokerage apps like Robinhood. It’s a penny stock in a beaten-down company with a big brand teetering on the verge of bankruptcy, common fair on Robinhood. They came for Hertz, Delta, American Airlines, Carnival, and Ford. The retail crowd could …
Federal Reserve Chair Jerome Powell introduced the central bank’s plan to target a 2% average inflation rate. Since then, strategists have expressed concerns about inflation and the potential risks to market stability it could bring. It poses more selling pressure on the U.S. dollar, which already declined substantially in the past four months. The Federal …
Fundstrat’s Tom Lee thinks the United States will soon become one of the world’s safest countries for Covid-19. Declining infections feed the ‘keep buying stocks’ narrative following the Fed’s unprecedented liquidity operation. Peter Schiff warns that Main Street’s misery is Wall Street’s gain. The stock market’s return to record highs is only just getting started, …
The Dow added a couple of dozen points on Thursday. Initial jobless claims shot back above 1 million after a one-week respite. Today was excellent for tech stock investors – but it was terrible for Donald Trump. The Dow Jones Industrial Average (DJIA) salvaged a meager gain on Thursday, largely thanks to Apple and the …
South Korea’s two biggest airlines posted surprising profits in the $90 million to $130 million range in Q2. The local sector focused on expanding cargo transportation by nearly 100%. The demand for cargo throughout the pandemic led to surprising operating profits. Airline stocks have fallen substantially since the World Health Organization (WHO) declared the pandemic …
Norway’s pension fund, the largest sovereign wealth fund in the world, recorded losses in the first half of 2020. Bridgewater Associates, the second-biggest hedge fund in the U.S., also saw a decline in assets under management. Top funds struggled to deal with extreme volatility in the markets triggered by the pandemic. Year-to-date, the U.S. stock …
The U.S. dollar is continuing to drop against other reserve currencies and hedge funds are growingly betting against it. Analysts attribute the recent downtrend of the dollar to the rallying euro. The declining value of the dollar sets a positive sentiment around gold, which has already rebounded from its 10% fall. Hedge funds and wealthy …
The share of Apple’s revenues coming from iPhone sales has been falling over the last two years. Services revenues have been plugging the gap, but challenges are beginning to emerge. Several tech giants have voiced their opposition to Apple’s dominance and especially App Store policies. Apple’s (NASDAQ:AAPL) dependence on iPhone sales has been declining since …
Gold’s price has declined for three consecutive days–the longest stretch since April. An alternative gauge shows the U.S. dollar has not dropped substantially in recent months. Precious metal investors still believe the dollar is in a bear market. The price of gold is up nearly 18% since July 1, but the rally could be in …
The Nasdaq Composite has gained 22% year-to-date on the back of surging technology plays. The Nasdaq’s biotech component is also surging amid vaccine optimism. Wall Street analysts have identified several Nasdaq-100 stocks with significant upside potential. Combined, they could take the index to new record highs. The technology sector’s epic bull run of 2020 is …