Here is what you need to know on Thursday, August 11: Equities Looks like the rally may be finally running out of steam as gains are harder to come by this morning. No surprise as the Nasdaq is up over 20% from its low. People are streaming but not dating if the latest results from… Read More »
Bed Bath & Beyond stock has seen gains of 48% this past week. BBBY is a noted short squeeze candidate. BBBY’s recent earnings were not encouraging. Bed Bath & Beyond (BBBY) continues to take investors on a wild ride as the short squeeze meme names returned this week. BBBY stock is up nearly 50% in the last five sessions, and a… Read More »
SPY ETF continues to rally as benign CPI reports file more risk. Will the Fed agree that bond markets remain calm as volatility drops? Fed on summer holidays, so no rate decision until September. Equity markets continued to rally on Wednesday as a benign CPI report helped further fuel hopes for a dovish Fed pivot and a… Read More »
Six Flags reported earnings before the market opened on Thursday. SIX stock falls as earnings disappoint and attendance falls. Six Flags sees problems from inflation and rising costs. Six Flags (SIX) stock is falling heavily in Thursday’s premarket as the company unveiled its Q2 earnings. At the time of writing, Six Flags stock is down 14% post-earnings.… Read More »
Redbox stock falls over 50% on Wednesday to $1.65. RDBX completes its merger with Chicken Soup for the Soul. Redbox was all pumped, but now the dump is here. Well, that marked one of the most bizarre trades of recent times, and this era is not without a strong list of candidates for that title. However,… Read More »
Welcome back to our deep dive series where we dive into the oil sector this time with a focus on Exxon Mobil. Exxon trades on the NYSE under the ticker XOM. As ever, we will go through some valuation methods and tweak them to come up with a 12-month price target. We will use discounted… Read More »
Here is what you need to know on Monday, August 8: Equity markets are on hold really until Wednesday’s Consumer Price Index (CPI). Given that macro narratives are what has been driving the market of late, expect that number to either give the rally the kiss of death or breathe new life into the dovish… Read More »
Tesla stock falls 6% on Friday as rally starts to stall. TSLA stock is up 31% in the past month. Elon Musk said a recession is likely to last 18 months but be mild. Tesla stock fell on Friday as commentary from Elon Musk was taken as relatively bearish. The Tesla CEO said that the… Read More »
Magic Empire takes investors for a wild ride on its first day of trading. MEGL was priced at $4 and sold 5 million shares. MEGL closed at $97 after trading up to $235. Magic Empire (MEGL) took on the guise of a magic carpet ride on Friday as its first day of trading saw MEGL… Read More »
AMC stock closes up 19% on Friday amid heavy volatility. AMC Entertainment to introduce a preferred stock unit, ticker APE. Preferred stocks could be dilutive to shareholders but are for now being issued as a bonus. “Today we pounce” was the rallying call from AMC CEO Adam Aron to his AMC ape followers with the announcement of AMC… Read More »
