Tag: stock market
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The recent tech sell-off creates a ‘massive buying opportunity’ with another 30% jump for the sector possible in 2021, Wedbush says
Xinhua/Wang Ying/Getty Images The recent decline in tech stocks has created a “massive buying opportunity” in the sector, according to Wedbush analyst Dan Ives. Ives said he believes another 30% jump in tech names is possible in 2021. The analyst argued that 30% to 40% of employees could eventually be permanently remote, adding fuel to…
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Billionaire investor Seth Klarman lambasts the Fed for distorting markets – and says Tesla’s stock has surged ‘seemingly beyond all reason’
Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest prices are hiding marketplace risks.The Baupost chief when shareholders to”frogs in water that is slowly being heated to a boil. “Klarman added that Tesla inventory has jumped”seemingly beyond all reason.” Visit Business Insider’s…
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Peloton is one of six companies set to be added to soaring Nasdaq 100 index in annual shake up
Scott Heins/Getty Images A 312% year-to-date rally in Peloton has helped the connected fitness equipment maker join the ranks of its large-cap tech peers: inclusion in the Nasdaq 100 index.In its annual year-end shake up, Nasdaq announced it would boot six companies from the index, replacing them with Peloton and 5 others.Peloton is one of…
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Recent IPO frenzy is ‘unsustainable’ and could end in ‘many accidents,’ CEO of world’s largest asset manager says
FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York Reuters The recent frenzy for IPOs is “unsustainable” and could end in “many accidents,” BlackRock’s CEO Larry Fink said at a fintech conference, according to Bloomberg.The comments from Fink come days after the impressive public trading…
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US stocks dip as stimulus talks slow ahead of funding deadline
Getty Images / Bryan R. Smith US stocks declined on Friday as stimulation talks slowed before a government financing deadline.Democrats and Republicans stayed gridlocked on dueling stimulation tips, with main sticking points including liability protections for businesses and an extension of federal unemployment benefits.A financing bill must be passed until midnight to avoid a government…
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A Wall Street chief strategist explains how the shockingly quick onset of pandemic fear may have set up both the economy and stock market for a surprisingly strong 2021
Spencer Platt/Getty Images The sharp reaction to the coronavirus pandemic through widespread saving and economic policy could boost the US recovery in 2021, James Paulsen, chief investment strategist at The Leuthold Group, said in a Friday note.The government’s degree of policy support dwarfs that seen during recessions in the 1980s and 2008. Companies took similarly drastic…
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Stocks are selling off again, and SaaS shares are taking the biggest lumps
It was just days ago which cries of “stocks simply go upwards,” and “no it is logical that Tesla is moving up since it divide ” along with other bits of unironic stupidity were the only thing you could read on the web about the stocks markets. Today, and yesterday, that all went to hell.…
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Tesla locks in stock surge with $2B offering at $767 per share
Tesla has priced its secondary common stock offering at $767, a 4.6% reduction from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to increase over $2 billion. Lead underwriters Goldman Sachs and Morgan Stanley have the option to…
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Tech stocks (and the stock market) are tanking thanks to rising interest rates
Tech stocks cautioned amid a stock market slide as nervous investors worried that the 10-year bull run in stocks may be coming to an end. The S&P 500 fell 3.3 percent while Nasdaq composite index (that is the marketplace where a lot of the biggest U.S. tech businesses are traded) dropped 4% of its value,…