Investing

Investors continue to ‘Snap’ up this social media stock. Here’s Why:

While the novel coronavirus crisis in 2020 hurt global economies and singed the corporate sector, social media stocks in the United States were outliers amid this pain. Companies in this segment witnessed stellar business growth, boosting values of their shares along with major Big Tech winners of Apple (AAPL), Amazon (AMZN), Google (GOOG), and Netflix (NFLX), among others. The likes of Facebook (FB), Twitter (TWTR), Snap (SNAP), Match (MTCH), Weibo
Market Blog

JNJ’s Single Dose Vaccine gets FDA Approval

Shares on Wall Street recorded a negative close as firming U.S. Treasury yields outweighed optimism about an improvement in the country’s economy. The Dow Jones (DJI) shed 1.8% for the week, while the S&P 500 (GSPC) and the Nasdaq (IXIC) slid 2.45% and 4.9%, respectively. Major tech names such as Apple (AAPL), Amazon (AMZN), Facebook (FB) and Tesla (TSLA) dropped throughout all sessions during the week, with stocks recording losses
Investing

Music Stocks Strike the Right Chord with Investors

Music stocks in the United States, including those offering streaming services, were buzzing all through the pandemic year of 2020 on the back of windfall gains from higher subscriptions and ad revenues, among others.  Stay-at-home customers downloaded and paid their due for using more of such apps, and businesses rushed to advertise on such platforms to cash in on their popularity and reach. Stockholders of these companies were rewarded with
Investing

Kratos and Skechers: Hot Investments to Strengthen Your Portfolio

When the markets face constant fluctuations and investor battles like never before, it becomes necessary to understand what stocks are really performing well and are a reliable investment, both in terms of growth and for the long-term perspective. Two such stocks that grab attention are Kratos Defense and Security Solutions Inc. (KTOS) and Skechers U.S.A. Inc. (SKX). While Kratos has recently become popular in the market, having already returned 61%
Market Blog

S&P 500, Nasdaq close with weekly losses; Facebook-Australia row intensifies

Wall Street’s main indexes closed on a subdued note last week, with the Nasdaq (IXIC) shedding over 1.5%, the Dow Jones (DJI) adding just about 0.1%, and the S&P 500 (GSPC) falling by 0.7% for the week. The week started on a strong note, with indexes hitting record highs, as strong earnings, hopes for a stimulus package and progress in vaccination rollouts propelled the markets. However, some profit-taking towards the
Investing Trending

Stacks: The One Click Portfolio Investment

U.S. stock markets have been major wealth creators among other global equities, having withstood turbulent economic times,  one of them being the financial crisis in 2008. The main indexes of Wall Street — the S&P 500 (GSPC), the Dow Jones (DJI) and the Nasdaq (IXIC) — have maintained this trend over the past five years as well, more than doubling people’s investments.  5 year Returns of Major Wall Street Indices
Market Blog

Dating Apps Show Stellar Performance In the Past Week

Markets were on the uptick last week, as the S&P 500 (GSPC), the Dow Jones Industrial Average (DJI), and Nasdaq (IXIC) gained 1.2%, 1%, and 1.7% respectively. The indexes are all in slightly positive territory so far in 2021 after having rallied tumultuously last year. These major indexes notched a second week of gains and reached record highs, seemingly helped by the accelerating rollout of coronavirus vaccines and declining case
Investing

SPACs: The Bullet Train For Firms To Go Public

SPAC (special purpose acquisition vehicle) was arguably one of the key buzzwords in 2020 when several companies raised billions of dollars to go public through such shell companies. For the whole of 2020, SPACs raised about $79 billion, and this momentum has accelerated into 2021 as such firms have already raised nearly $26 billion in share sales in January this year.   The well-received infusion was also followed by bumper listings
Market Blog

S&P 500 Records It’s Best Weekly Performance Since November

Wall Street’s main indexes put on a strong show last week, with the S&P 500 recording its best week since November. For the week, the benchmark index rose 4.65%, while the Nasdaq posted its best week since November 6, 2020. Markets focused on corporate earnings and progress in vaccine rollouts, with the U.S. coronavirus package on investors’ radar as President Joe Biden seeks to pass his $1.9 trillion recovery plan.
Investing

Lidar Stocks Are On Fire As Autonomous Vehicles Switch To The Fast Lane

As driverless cars gain popularity and get set for a large-scale adoption ahead, investors have bet big on the very core technology that drives the segment i.e. Lidar, which stands for light detection and ranging. The technology uses lasers and bounces it off surrounding objects to help computers (a car, in this case) detect distances, velocity and altitude, among others, and facilitate better navigation for self-driven cars. Shares of Lidar