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
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Wall Street Hopes Bidenomics will be the Engine for U.S. Economic Growth

Wall Street is pinning high hopes on mass coronavirus vaccinations to propel the U.S. economic growth story forward. Investors bet that the resumption in economic activities will pick up pace from the spring season that will bolster corporate earnings and, in turn, justify the lofty valuations in the stock market right now. Global markets, and the ones in the United States, have recovered sharply from multi-year lows they hit during
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
Research

Plugging into the Future: 2021, the year of the Electric Vehicle Revolution

If you thought 2020 was good for EVs, then the potential for this market in 2021 will surely impress you. The EV market is already looking more promising and profitable in the first few months of the new year. With Tesla’s (Ticker: TSLA) incredible rise making headlines in 2020, the entire EV industry has reaped the benefits. From EV producers and battery makers to companies building charging infrastructure, any company
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
Market Blog

GameStop Steals Spotlight Amid Wall Street’s Subdued Performance

Wall Street’s main indexes closed a stormy week on a lower and a volatile note that comprised a David vs Goliath battle between retail investors and major financial institutions holding short positions on stocks such as GameStop (GME). The likes of GameStop and AMC Entertainment (AMC) were at the centre of the retail-buying frenzy, worrying analysts of such trades spilling over to other names. An army of retail investors traded