Week That Meme Stocks Returned
Digest more
Intel stock falls after the chip maker reports a wider loss in the second quarter, while Centene rises even as it posts a surprise quarterly loss.
Edwards Lifesciences rose 5.5% after likewise topping Wall Street’s expectations for profit in the latest quarter. It said it saw strength across all its product groups, and it expects profit for the full year to come in at the high end of the forecasted range it had given earlier.
HYBE stock was down this week following fraud allegations against Chairman Bang and the convictions of three employees for insider trading.
Beaten-down stocks such as Kohl’s, Krispy Kreme and Opendoor Technologies have taken off recently, as individual investors pile into heavily shorted equities. The stocks’ cult followings and their outsized gains mirror the performance of GameStop and AMC Entertainment during the original pandemic-era meme-stock frenzy.
The S&P 500 was edging up by 0.1% in early trading, coming off its latest all-time high, and is on track to finish its fourth winning week in the last five. The Dow Jones Industrial Average was up 71 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was drifting around its record set the day before.
Explore more
A 15% U.S.-Japan trade deal and reports of a similar U.S.-EU deal have fueled a market resurgence. Seize the moment with 3 opportunistic stocks under $10.
While some Wall Street companies are clearly rallying thanks to President Donald Trump’s policies, the same can’t be said for Main Street, according to a chart from BofA Global Research strategists, led by Michael Hartnett.
UK stocks are poised to open a touch lower, potentially snapping a six-day winning streak as global investor appetite for risk wanes on lower expectations for easing from the US Federal Reserve. The pound has extended yesterday’s drop and is now trading below $1.
What are DORK stocks, and why are they hot? Seeking Alpha analysts Giacomo Bocanegra, Julia Ostian and Julian Lin weigh in. Giacomo Bocanegra: DORK stocks – Krispy Kreme (NASDAQ:DNUT), Opendoor (NASDAQ:OPEN),
You can invest in stocks through a full-service brokerage, financial technology company, robo-adviser or retirement account, all of which have pros and cons.
Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. quantitative strategists.