The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of Grayscale Investments, warned on Tuesday that the SEC would be making a mistake if it
In this article SPOT 9618-HK MRNA BA Check out the companies making headlines before the bell. JD.com (JD) — Shares of JD.com gained 1.4% in early morning trading after the Chinese e-commerce giant appointed a new president. The company’s founder and CEO Richard Liu is stepping back from day-to-day operations, while Xu Lei, previously CEO
When I wrote about Support.com (NASDAQ:SPRT) and its reverse merger with a Bitcoin mining company, Greenidge, on April 8 I argued that it was worth 53% more, or $7.61 per share. Now, with the merger set for a vote on Sept. 10 and then closing shortly thereafter, SPRT stock closed Friday near $22 per share.
I don’t know why anyone would want to buy AT&T (NYSE:T) stock. Source: Roman Tiraspolsky / Shutterstock.com The moves into content by former CEO Randall Stephenson bombed spectacularly. Shareholders are left with $177 billion in debt and, starting next year, a skinnier dividend. The company’s wireless prospects are decent, but only because it can rip
When I wrote about DraftLings (NASDAQ:DKNG) on March 12, I focused on the many risks present in the business as described by them in their SEC filings. Since then, DKNG stock has lost about 15% of its value while the Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ) is off 1.2%. Source: Lori Butcher/Shutterstock.com Those risks haven’t
Social media can be a beautiful thing, providing a platform for everyday individuals to express their opinions on a range of subjects. At the same time, a more dubious element to online communities exists. One phenomenon that has caused serious divisions among those on Wall Street is the rise of meme stocks. Driven by platforms
95.69 The current reading of the Investopedia Anxiety Index is below neutral, indicating a lower level of anxiety. Markets Today U.S. equity markets are pointing to a flat-to-lower open following new record highs for the S&P 500 and the Nasdaq on Wednesday. It was the 51st record close for the benchmark index in 2021, and
Coinbase (NASDAQ:COIN) stock enjoys the first-mover advantage with cryptocurrency and has taken crypto mainstream with its user-friendly investment platform. Source: Primakov / Shutterstock.com Bitcoin (CCC:BTC-USD) has attracted massive interest and investment over the last few months. Investors have high hopes on Bitcoin’s price movement, which has driven BTC higher and it has worked in favor
It looks like the post merger bump enjoyed by Canadian cannabis producer Tilray (NASDAQ:TLRY) stock has come to an end. Source: Jarretera / Shutterstock.com TLRY stock had enjoyed a 62% run-up between mid-May and mid-June after it finalized its merger with former rival Aphria. The deal made Tilray the largest Canadian cannabis producer with annual
More than seven months after it made Wall Street history, GameStop (NYSE:GME) stock still manages to punch above its weight. That is, it’s still trading at a price leaps and bounds above the underlying value of its video game retailing business. Source: TY Lim / Shutterstock.com Sure, there’s the potential for its e-commerce transformation, spearheaded
A look at two more stocks for your aggressive growth stock radar screen. Synaptics: https://www.zacks.com/stock/quote/SYNA?cid=CS-YOUTUBE-FT-VID NeoPhotonics: https://www.zacks.com/stock/quote/NPTN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
With a bipartisan infrastructure bill and a $3.5 trillion budget resolution making their way through Congress and looking poised to pass, I believe investors are greatly underestimating the extent to which these pieces of legislation will help General Electric (NYSE:GE) and GE stock. Source: Sundry Photography / Shutterstock.com GE operates through four industrial segments — Power,
Workhorse Group (NASDAQ:WKHS) hoped to revolutionize the trucking industry. However, WKHS stock has turned into a total bust over the past year. Shares peaked at $42 in February, but have now fallen below $10 for a greater than 75% loss. Source: Shutterstock Workhorse is part of a broader exodus from the electric vehicle stocks. Investors
Happy Labor Day, everyone! Today is all about recognizing and celebrating the workers who help make America so great – it’s about celebrating their contributions, sacrifices, and efforts. So, please, do that today. Yes, enjoy the beach. Enjoy the pool. Enjoy the last big hooray on the summer. But in the middle of all of
Stock trading draws Type A personalities who are driven to win at all costs. Succeeding means logging long hours in front of a computer screen, researching, and trading stocks. But in stock trading, there’s a fine line between working hard and feeding an addiction. That line can mean the difference between making sound investment decisions
In this article RUN PHIA-NL CRWD AMBA CPB PVH Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer beat top and bottom-line estimates for its latest quarter, earning an adjusted 55 cents per share and beating consensus by 7 cents. It issued a fiscal 2022 adjusted earnings outlook
Folks who know me will tell you that I’m not just an “innovation investor” – I’m an “innovation guy.” That is, I don’t just invest in innovative stocks to make a lot of money. I also use innovative new services and products every single day to make my life better. I, quite literally, live and
Cassava Sciences (NASDAQ:SAVA) stock is in a tailspin after a lab denied it had prepared recent results for the biotech’s experimental Alzheimer’s disease treatment. Source: pathdoc / Shutterstock.com Following the news, Cassava shares fell approximately 50%, eliminating roughly $2.4 billion of value over three trading days. The rejection contradicts a statement from Cassava that Quanterix
It’s been a little more than three weeks since Zomedica (NYSEAMERICAN:ZOM) reported its Q2 results. Despite reasonably healthy sales, ZOM stock gained just 14% from Aug. 11 through the end of the month. Source: Postmodern Studio / Shutterstock.com Another InvestorPlace columnist, Ian Bezek, recently argued that Zomedica needs to raise its revenues considerably before investors
Synopsys is the driving force behind the tech of future and will fit nicely in your portfolio of the future. Synopsys: https://www.zacks.com/stock/quote/SNPS?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch