In early August, Magic Empire Global (NASDAQ:MEGL) received a lot of attention, and MEGL stock shot up quickly. However, this is most likely due to a Reddit-fueled short squeeze. Regarding the company itself, there isn’t a strong argument to invest in Magic Empire Global. So, it’s wise to stay away from this particular stock even if
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In this article DIS PSTG OKTA NTNX MDB FIVE The inside of one of Five Below’s existing locations. Five Below Check out the companies making headlines after hours. Pure Storage — The tech stock jumped 7% after the data storage developer surpassed profit and revenue expectations. Pure Storage also issued strong third-quarter and full-year revenue
Federal Reserve Chair Jerome Powell was a bit of a party pooper last week when he told the world to expect “some pain” as the central bank attempts to tackle inflation. Stocks sold off sharply following his remarks at the annual economic symposium at Jackson Hole, Wyo., and have continued to struggle since. Astute investors,
With consumer prices hitting multi-decade highs, investors should consider avoiding the worst stocks to buy during inflation. True, the inflation rate dipped a bit in July to 8.5%. In the month prior, the metric hit 9.1%. Nevertheless, it’s important to realize that overall, consumers have endured sustained spikes in prices. Over time, that can hurt
Today’s a really special day for me. That’s because today is the day I get to unveil the best kept secret on Wall Street – a secret that could help you make big money in a bull or bear market. Source: GluckaPixels / Shutterstock The story here is pretty simple. About a year ago, my
The Dow Jones Industrial Average (DJIA) is the most well-known stock market barometer in the world. Since its inception in May 1896, the index has changed its components dozens of times. The first change occurred a mere three months after the index was founded. One of the most recent changes took place in June 2018, when
In this article CRWD HPQ CHWY PVH Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines after the bell: Chewy — Chewy shares slumped 8%
When it comes to battery stocks to buy and hold, there are a few key things to look for before making a purchase. First, you want to find companies with strong track records of financial stability and profitability. Second, you should pinpoint companies with good reputations in their respective industries. Third, you want to find
No-brainer dividend stocks provide investors with a safe place to put their money and leave it. A dividend is the distribution of a company’s earnings to its shareholders that typically takes the form of a quarterly distribution. However, some dividend distributions are made on a monthly or annual basis. Most dividends are paid out as cash
Based on the market’s recent performance, you may think now isn’t the time to increase exposure to hot growth stocks. After all, aren’t rising interest rates and the growing likelihood of a recession bad news for growth? Yes and no. On one hand, there are plenty of high-fliers from the 2020/2021 bull market that will
In this article BBBY BIG NKLA FANG JACK BBY FSLR A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots – Shares jumped 11.74% after the discount retailer posted a smaller-than-expected loss for the recent quarter.
Psychedelics stocks are becoming increasingly mainstream, in part due to changing social attitudes. Psychedelic drugs “are a loosely grouped class of drugs that are able to induce altered thoughts and sensory perceptions.” Recent medical research highlights that the use of psychedelics can have “positive effects on anxiety, depression, and existential distress with little side effects.”
When searching for great dividend stocks to buy, there are many places one could start. However, we prefer the strategy of buying those that have demonstrated histories of raising their dividends. Stocks that have longevity have stood the test of time, competitive threats, recessions and technological changes to continue raising their cash distributions to shareholders
The summer months provided a brief respite from the ugliness of 2022’s bear market, but there is reason to believe things could get worse from here. U.S. consumer confidence increased slightly following the passage of the Inflation Reduction Act and amid falling gasoline prices. Last week, the index moved above the 50-point mark for the first
Electric vehicle manufacturers got a shot in the arm last week when California announced it would end the sale of 100% gasoline-powered cars and trucks by 2035. While the legislation will allow the sale of plug-in electric hybrids (PHEVs), the news can only help already hot EV stocks. The California Air Resources Board (CARB) approved the
A dramatic jump in rates Monday has taken all mortgage averages notably higher. The 30-year average added a bold quarter percentage point, returning to 6% territory and hitting its highest mark in almost two and a half months. Today’s National Mortgage Rate Averages Rates on 30-year mortgages bolted higher Monday, climbing 25 basis points to
In this article WMT PDD NFLX CTLT MRNA ETSY Check out the companies making headlines before the bell: Catalent (CTLT) – The drug delivery and manufacturing technology company beat bottom line estimates for its latest quarter. However, its revenue was short of Wall Street forecasts, as was its full-year revenue outlook. Its stock slid 5.7%
Over the past six months, sentiment for ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stock has done a 180. Investors have gone from bullish to bearish on shares in the container shipping firm. Admittedly, for a rational reason: shipping rates are moving lower. After peaking in 2021 rates have fallen considerably in 2022. It goes without
Fortune released some data on Aug. 24 about the impending housing market crash. Over 183 housing markets in the U.S. could see home prices drop by 20% if a recession hits. If that happens, the worst stocks to hold at that point would be anything related to residential real estate, except for owners and builders
Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20%