Stock Market

The benefits of merging BB&T and SunTrust to create Truist Financial (NYSE:TFC) are still trickling in more 18 months on, but TFC stock has had a pretty good year. Source: PopTika/ShutterStock.com Branches are being closed where the two banking systems overlap. Computer systems are still being combined (as I know, being a SunTrust customer). A “robo-advisor”
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With the worrying volatility of cryptocurrencies since their April and May highs of this year, it’s not just digital asset speculators that are concerned. In addition, companies that benefit from blockchain bullishness, particularly graphics processor manufacturers like Nvidia (NASDAQ:NVDA) may encounter some choppiness down the line. Indeed, NVDA stock has already printed some hefty red-ink
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SoFi Technologies (NASDAQ:SOFI) had been turning heads ever since it was announced as a merger target for Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. Source: rafapress / Shutterstock.com The newly public fintech platform plans to evolve into a full-stack ecosystem that effectively caters to the financial needs of the younger generation. The company’s digital
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On July 12, Jefferies analysts downgraded Rocket Companies (NYSE:RKT) from buy to hold while cutting their price target for RKT stock by 31% to $18. Source: Lori Butcher / Shutterstock.com   As I write this, the mortgage originator’s stock is trading at or near the analysts’ target, suggesting it could be dead money over the
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Bill Ackman’s special purpose acquisition company (SPAC) Pershing Square Tontine Holdings (NYSE:PSTH) just dumped its complicated deal to acquire 10% of Universal Music Group (UMG) for the SPAC. As a result, PSTH stock faces more uncertainty and doubt about its ability to close on a large reverse merger. Source: Dmitry Demidovich/ShutterStock.com In an interview with CNBC on
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With the disappointing performances of certain popular meme stocks lately, it might be time to reevaluate exposure to other internet community-driven trades. Notably, ContextLogic (NASDAQ:WISH) stock. Source: sdx15 / Shutterstock.com ContextLogic runs one of the world’s largest e-commerce marketplaces under the Wish.com brand and has experienced significant speculative interest. Because WISH stock had the bears
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Zomedica (NYSEAMERICAN:ZOM) is the “meme stock” that just can’t take off. Despite constant prodding from Reddit and even some positive opinions from InvestorPlace, this pet health company remains in the penny stock dungeon. In fact, ZOM stock shares haven’t traded above $1 since April. Source: didesign021 / Shutterstock.com Fortunately, though, help is on the way
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