Is Robinhood Sending J. Jill Stock Soaring 157% in Big Risk Trade?

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 …

Fed Is Destroying the Dollar With Inflation. There’s No Turning Back

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 …

U.S. to Kick Pandemic by September, Leading Stocks Higher: Analyst

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, …

Airline Stocks Glimpse Daylight with Stunning Profits in South Korea

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 …

Even the World’s Biggest Fund Lost Billions in Pandemic Year 2020

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 …

Wealthy Investors Bet Against the Dollar

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 …

As iPhone Sales Peak, Apple’s Pivot to Services Has 2 Major Problems

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 …

11,000 Nasdaq Could Be Just the Beginning as Market Mania Rages

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 …