These ETFs have a lot of exposure to big tech.
In this article MNTS An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus Space company Momentus debuted on the Nasdaq on Friday, completing a nearly yearlong and turbulent merger process that resulted in a new CEO and the departure of its founders. “In terms of value for investors, I think
In this article AJRD BA Boeing’s Starliner capsule sits on to an Atlas V rocket on the launchpad before the launch of the OFT-2 mission. United Launch Alliance Boeing’s second uncrewed flight test of its Starliner spacecraft is delayed for at least two months due to issues with the capsule’s propulsion valves, the company said
Chime CEO Chris Britt Source: Chime Chime said Friday it raised $750 million in a Series G funding round that values the fintech company at $25 billion. That’s $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data. Chime — a so-called challenger bank known for fee-free banking,
In this article CYXT A data center. Erik Isakson | DigitalVision | Getty Images Company: Cyxtera Technologies Inc. (CYXT) Business: Cyxtera is a global leader in the data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises
In this article POSH VRRM PLUG TTD SQSP Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Finding fresh investment opportunities in the current financial environment isn’t easy, to say the least. However, following the recommendations of analysts who consistently get it right is one way to find compelling plays that may be
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ space company Blue Origin filed a complaint in federal court
Cathie Wood Source: CNBC Cathie Wood called out Michael Burry on social media after ‘The Big Short’ investor placed a bet against her flagship ARK Innovation exchange-traded fund. “To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he
In this article PSTH Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday alleging the blank-check company promised “staggering compensation” to directors and asking that the entity’s special status be revoked. The plaintiffs — former Securities and Exchange Commission commissioner Robert Jackson and Yale law professor John Morley — claim that Pershing Square Tontine
Spire CEO Peter Platzer rings the opening bell of the New York Stock Exchange (NYSE) during their listing in Manhattan, New York City, U.S., August 17, 2021. Andrew Kelly | Reuters Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the latest space company to
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock rotation: anti-lockdown, anti-low yields. We are halfway through the third quarter, with the S&P 500 up a respectable 3.8% in the last six weeks. Even while a lot of traders are on the beach, there are two big narratives in
Traders on the floor of the New York Stock Exchange. Source: NYSE Retail earnings have never been better, but the delta variant remains the wildcard. In theory, this is a golden moment for retailers, which begin reporting earnings this week. Consider the following: The consumer is flush. The American consumer has never had more disposable cash
Take a look at some of the biggest movers in the premarket: Sonos (SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled that Alphabet’s (GOOGL) Google unit had infringed on some of the high-end speaker company’s audio technology patents. The ruling could eventually lead to an import ban
In this article TSLA RKT WMT OXY FANG Shoppers walk in front of a Walmart store in San Leandro, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sonos — Shares of the high-end speaker company jumped over 8% after
Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Retail sales were expected to have fallen off in July, as consumers reacted to the delta variant of Covid and held off on online and vehicle purchases. Economists expect retail sales
In this article TME RBLX PRCH WeChat mascots are displayed inside Tencent office at TIT Creativity Industry Zone in Guangzhou, China, May 9, 2017. Bobby Yip | Reuters Check out the companies making headlines in after hours trading. Tencent Music — Tencent Music shares rose roughly 1% in extended trading after the company beat on
Take a look at some of the biggest movers in the premarket: Home Depot (HD) – Shares of the home improvement retailer fell 3.2% in the premarket following its second-quarter results. Home Depot earned $4.53 per share, 9 cents a share above estimates. Revenue also topped forecasts. Comparable-store sales fell short of forecasts, however, rising
In this article WMT HD RBLX EDR ME TME A Home Depot branded bucket at a Home Depot store in Hercules, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Home Depot — The home improvement retailer’s shares dropped more
Last year, the pandemic sparked a global digital transformation as a large number of businesses and schools went online. Internet traffic in some countries increased by up to 60% shortly after the outbreak. These rapid technological changes resulted in considerable demand for microchips — and a shortage. Semiconductor stocks are set to benefit, as the
For years before the pandemic struck, digital transactions grew briskly. Giant financial institutions were too busy raising bank fees and offering subpar services. As e-commerce firms took market share from brick and mortar retailers, the need for digital payment systems grew. Fintech stocks are today’s darlings. Why? When the pandemic caused a sudden shutdown for