Casino stocks have witnessed a steep drop amidst record inflation and recessionary fears this year. These headwinds are linked to lower consumer discretionary spending, resulting in massive sell-offs in all major casino and gaming equities. On the flip side, the sell-off has also created multiple opportunities to pick up casino stocks at multi-year lows. The
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Fidelity Investments is launching a commission-free crypto trading product for retail investors. The firm, one of the largest brokerages in the world handling $9.9 trillion in assets, opened an early-access waitlist to users Thursday morning. The service, called
Bob Pisani, CNBC Scott Mlyn | CNBC Thinking of writing a book? You might want to reconsider. On Monday, a federal judge blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that joining the two giant publishing houses would lessen competition for top-selling books. As an author, I agree
A Starbucks location in New York. Scott Mlyn | CNBC Check out the companies making headlines after hours. Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by
It’s never too early to begin investing. The earlier a person begins investing, the more time their money has to compound and the greater their returns are likely to be. Every reader has likely heard a similar sentiment. It’s difficult to paint a picture of the average stock investor. Statistics say that 39% of 18-29-year-olds
Perhaps the most debated topic of the new normal, the concept of real estate stocks to sell finally achieved mass-scale credibility. It all comes down to fundamental realities and it’s better to not overthink it. You can have high housing prices or high-interest rates but you can’t have both at the same time. That’s the
Electric vehicle (EV) manufacturer Tesla (NASDAQ:TSLA) is in the headlines once again, as a member of the U.S. House of Representatives recently bought shares of TSLA stock. However, this doesn’t necessarily mean that you have to follow this politician’s trade. After all, Tesla’s quarterly results weren’t spectacular. Furthermore, the company is facing a government investigation
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Qualcomm
Nio (NYSE:NIO) is by far the best-known Chinese EV manufacturer, at least in the U.S. Ask most investors to name a Chinese EV brand, and many would likely struggle to come up with Nio. Beyond that, a few more might be able to name XPeng (NYSE:XPEV). But there are actually a lot of Chinese EV
Dip-buyers may be tempted to jump headfirst into a trade with Chinese e-commerce giant Alibaba (NYSE:BABA) stock. However, timing is everything in the financial markets and traders must be careful. BABA stock gets a “D” rating now as China’s president has officially secured a third term, and this is a cause for concern as political conditions
Amid the most intriguing sectors within the broad innovation space, the top fintech stocks to buy bring much potential to the table. Unfortunately for this year, the segment failed to produce much in the way of positive results for stakeholders. Still, the devastating red ink in the space could offer upside opportunities for daring contrarians.
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve Board Building in Washington, DC, on November 2, 2022. Mandel Ngan | AFP | Getty Images The Federal Reserve remains set on beating inflation and could raise rates to an even higher-than-expected level,
As Aaron and Luke discuss in this week’s episode of Hypergrowth Investing, SoFi (SOFI) is one of those stocks that checks every box. And for a while now, Luke’s been bullish on SoFi’s growth velocity. Looking ahead to 2023, he’s even more bullish. According to Luke, the up-and-coming fintech company is truly the “Amazon of
When the U.S. Bureau of Economic Analysts posted real gross domestic product (GDP) growth of 2.6% on an annualized basis, stocks in the Dow Jones index rallied. Indeed, worries of a recession at this moment have been quashed by this impressive report, leading to strength in most Dow stocks relative to other sector such as
With social media-driven investments dominating headlines, it was no surprise that Reddit’s most popular meme stocks garnered tremendous interest in 2021. Unfortunately, circumstances have not panned out well. Primarily, the Federal Reserve may be to “blame,” if you will. Due to wild fluctuations in the M2 money stock, investor sentiment understandably slipped. Now, before we
The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point Wednesday and then signal that it could reduce the size of its rate hikes starting as soon as December. Markets are primed for the fourth 75-basis point hike in a row, and investors are anticipating the Fed will slow down
As many commentators have pointed out recently, the stock market is pricing in a recession that’s not going to arrive anytime soon. As a result, there are now many good stocks to buy on weakness. The best stocks to buy on a dip are the names that have plunged tremendously even though they’re growing quickly
With the Fed signaling oversized rate hikes for longer is the likely trajectory moving forward, it is understandable why investors are looking for stocks to sell rather than stocks to buy. Consumer spending continues to rise, and inflation refuses to go down. Moreover, the jobs market is surprisingly strong despite recent rate hikes, with unemployment
In this article INTU MTCH AMD ABNB Follow your favorite stocksCREATE FREE ACCOUNT The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Check out the companies making headlines in extended trading. Airbnb — The lodging stock