Tag: stock market
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Tesla drops 12%, its worst decline in 14-months amid insider selling anxiety, weaker China sales, and Michael Burry warning
Tesla CEO Elon Musk. Matt Rourke/AP Photo Tesla stock is on track Tuesday to notch its worst single-day decline since September 2020.The EV manufacturer fell as much as 12% amid insider selling anxiety, China car sales data, and a warning from Michael Burry.Despite the recent decline, Tesla stock is still up 47% year-to-date amid record…
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What Are Meme Stocks and Why You Should Avoid Them
[Editors Note: Need even more reasons to sign up for the upcoming Zero to Freedom Through Cashflowing Rentals course? This course, hosted by Semi-Retired MD, will set you on the path toward financial freedom by showing you exactly how to identify and purchase your first rental property—and as a special bonus if you sign up,…
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Tips from a trader up 227% this year, plus 5 high-upside altcoins
Hello, and welcome to this week's edition of Insider Investing. Here's what's on the docket: Mark Minervini, a trading legend and four-time author, is leading the US Investing Championship this year with a 226.6% gain through July. He breaks down his trading strategy and shares 5 core rules that he follows with great discipline.Adrian Zduńczyk,…
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Why climate change will keep interest rates low for decades, according to Carson Block
AP Photo/Noah Berger Interest rates will stay at "ridiculously low levels" for decades, Muddy Waters' Carson Block said in a letter to investors.Block believes rates will stay low to combat climate change, according to the letter."Interest rates will be at these levels in order to stimulate investment in technologies to de-carbonize [the economy]," Block said.Sign…
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Bitcoin to $250,000, plus secrets from a market wizard
Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket: We spoke to Joseph Edwards, a former professional esports coach turned crypto researcher who called bitcoin's meteoric rise to $60,000 last year. He broke down his prediction that…
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Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion
SOPA Images/Getty Images Robinhood priced its IPO at $38 per share on Wednesday, valuing the company at about $32 billion.The online brokerage app revealed surging growth in its S-1 filing amid the COVID-19 pandemic and government stimulus checks.Robinhood is set to trade on the Nasdaq under the symbol "HOOD" on Thursday.Sign up here for our…
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Electric truck startup Rivian is eyeing a $70 billion valuation in upcoming IPO, report says
Rivian R1T. Andi Hedrick/Rivian Rivian Automotive is targeting an IPO that could value the electric vehicle startup at $70 billion, according to a Bloomberg report.The company is working with advisers from Goldman Sachs, JPMorgan, and Morgan Stanley.Rivian is backed by Amazon and was valued at $27.6 billion when it raised $2.65 billion in January.Sign up…
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Global stocks pull back from record highs as COVID-19 cases rise at the fastest rate since the pandemic began
JOHANNES EISELE/AFP/Getty Images Global stocks broadly pulled back from record highs as COVID-19 cases worldwide rose. The stock market's "fear gauge" logged its biggest daily rise in three weeks. The unveiling of a proposed European super league boosted some soccer clubs' shares. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.…
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Tesla will surge 58% from current levels with improved battery supply set to drive an $8 billion energy business, Canaccord says
Elon Musk, CEO of Tesla, Using a Powerpack unit the background Contrasts Lawsuit of batteries for homes, businesses, and utilities at Tesla Design Studio April 30, 2015 at Hawthorne, California Kevork Djansezian/Getty Images Tesla could spike 58% from present levels as it changes focus to its own energy storage company, Canaccord Genuity analyst Jed Dorsheimer…