GLOBAL MARKETS-Stocks advance on robust earnings, inflation fears ebb for now
Stocks advanced on Friday as strong earnings kicked off a new results season on Wall Street and fears that inflation will trigger earlier-than-expected interest rate rises eased for now. U.S. stock futures were about 0.4% higher, with investors waiting for the latest U.S. retail sales figures, and inflation expectations from the University of Michigan.
XPeng Is a More Sustainable EV Maker Than Even Tesla
It turns out that Tesla might not be the world’s most sustainable car company. ESG is short for environmental, social and governance and companies publish ESG reports—sometimes called sustainability reports or impact reports—to tell stakeholders how their operations are impacting communities they serve. Tesla (TSLA) shares have added about 0.5%.
Is Nio’s Stock Overvalued Or Undervalued?
Nio Inc – ADR (NYSE: NIO) shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 27.1%. Nio’s stock has run out of steam in 2021, but value investors may be wondering whether it’s time to buy the dip. Earnings: A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value. For comparison, the S&P 500’s PE is currently at about 34, more than double its long-term average of 15.9. Nio d
3 Dangers of Using ‘Buy Now, Pay Later’ Plans
One of the reasons so many consumers like using credit cards is that they let you make a purchase today and pay it off when it’s convenient. “Buy now, pay later” (BNPL) plans work similarly in that you can spread out your payments for a given purchase over time rather than pay for a purchase up front. A recent survey by The Ascent found that BNPL plans have experienced explosive growth among consumers.
Goldman Sachs cashes in on M&A wave to cap stellar quarter for U.S. banks
(Reuters) -Goldman Sachs Group Inc on Friday reported a 66% surge in third-quarter profit that smashed expectations, as Wall Street’s biggest investment bank rode a record wave of M&A activity and initial public offerings https://www.reuters.com/business/finance/us-ipos-hit-annual-record-less-than-six-months-2021-06-15. Shares of Goldman Sachs were up 2% in mid-morning trading. Global M&A volumes have shattered all-time records, with deals worth over $1.5 trillion inked by the world’s biggest investment banks in the third quarter, according to Refinitiv data.
If You’re a Fan of Dividends, You’ll Love This Stock
A significant portion of investment returns comes from capital gains, or when the price of a stock rises. Crocs (NASDAQ: CROX), the famous maker of foam clogs, doesn’t pay a dividend, but it has had strong capital gains — and also seeks to satisfy investors through yet another shareholder-friendly approach: stock repurchases. Repurchasing its shares is a method a company can use to, in effect, return excess cash to shareholders.
Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit
The world knows a thing or two about SHIBArmy, the community behind the self-proclaimed dogecoin killer shiba inu (SHIB). SHIB, the token that’s clearly not taken seriously by most institutional investors, is still far from dead after another dumping event last week. Since Monday, the SHIB community has been celebrating the survival of last Thursday’s bloody dump across social media platforms: “Shiba Inu rebounds 40% despite major selling by SHIB whales,” a Shiba Inu Telegram group posted on Tuesday under the title “Whales are NOT in control of Shiba.”
2 Cutting-Edge Biotech Stocks That Can Double in Value (Or More)
For more risk-tolerant investors, biotechs are screaming buys. This space is consistently on the Street’s radar as a single catalyst such as a positive FDA outcome or promising trial results can send shares through the roof. For example, last week ChemoCentryx (CCXI) saw its share prices skyrocket 100% in just one day, after the FDA approved its blood vessel inflammation drug Tavneos. However, the reverse also holds true meaning that biotech stocks carry their fair share of risk. So how are inve
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Plug Power forecasts $3 billion in annual sales by 2025
Growing demand for fuel cells, electrolyzers and hydrogen produced through renewable electricity have prompted the Latham manufacturer to increase sales forecasts as it introduces more applications and expands its presence around the world.
Cathie Wood’s ARK Invest throws weight behind new bitcoin futures ETF
The proposed ETF, called ARK 21Shares Bitcoin Futures Strategy, with the ticker symbol ARKA, is an attempt by the fund managers to take advantage of the surge in cryptocurrency this year. However, the SEC has yet to approve a bitcoin ETF. Other asset managers and exchanges such as Fidelity, CBOE Global Markets and Nasdaq are also waiting for the green light to launch ETFs tracking the digital currency.
‘Prick This Bubble’: Morgan Stanley CEO Calls for Fed Rate Hikes
(Bloomberg) — Morgan Stanley Chief Executive Officer James Gorman is girding for rate hikes, and he says markets are ready for them.Most Read from BloombergThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhat Comes After GE’s 129 Years of Greenhouse GasWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like Now“You’ve got to prick this bubble a little bit,” Gorman said Thursday in an interview with Bloomberg Television. “Money is a bit too free and availab
Microsoft Shuts LinkedIn China, Citing ‘Challenging’ Climate
(Bloomberg) — Microsoft Corp.’s LinkedIn is shuttering a localized version of its professional networking platform in China, becoming the last major U.S. social media provider to pull out of the country and marking the demise of a rare U.S. tech success there.Most Read from BloombergOut-of-Practice Airline Pilots Are Making Errors Back in the AirThe World’s Rich and Powerful Are Stashing $500 Billion in This Tax HavenWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverWhat