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S&P 500 hits a record as Biden’s Infra Plan Boosts Wall Street

The new quarter comes with a bullish feeling A combination of settling covid cases increased excitement over the new quarter, and Biden’s $2.3 Trillion infrastructure plan gives a boost to Wall Street and ups market sentiment. The holiday-shortened week ended on a sweet high for Wall Street. The S&P 500 (GSPC) jumped 1.2% last Thursday and closed above 4,000 points for the first time, giving an upbeat start to the

SPACs Put EVs on the Fast Lane of Growth

This is also powering the growth highway of several electric vehicle companies. Watch out for the likes of Fisker (FSR), Nikola (NKLA), Lordstown (RIDE), Lucid Motors (CCIV) and XL Fleet (XL), among others. SPACs have ensured these capital-heavy firms have ample money to fasten production and revenue. One-year returns chart of some SPAC EVs in the United States Data as of March 30, 2021 |  Source: Yahoo Finance Market capitalization of
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Higher bond yields bring Wall Street rally to a screeching halt

If you thought worries about higher bond yields were behind us, the equity market’s performance last week just proved you wrong. Yields firmed yet again, despite the U.S. central bank signalling a continued low-rate regime. And this weighed on Wall Street’s key indexes too. The Dow (DJI) and the S&P 500 (GSPC) shed 0.5% and 0.8% each — snapping a two-week winning streak. The Nasdaq (IXIC), meanwhile, closed the week

Bitten by the bitcoin bug? How Elon Musk, Jack Dorsey or Michael Saylor could be of help to you

What’s common between Tesla (TSLA), MicroStrategy (MSTR) and Square (SQ)? For one thing, all their shares have soared about 500%-800% in just the past one year. But what’s more interesting is that these three companies, along with a select other U.S. firms, are your gateway to the world of Bitcoin.T 3-month returns chart of Bitcoin This was the case for a three-month period. The yearly gains are even more mind

Shopping for retailer stocks? Here’s what’s in store for you

Did you know about an ecommerce stock that surged over 1,000% during the pandemic year? Or how about some household names among physical retailers that jumped about 60%-75% in a year marred by lockdowns and store closures? Investors in Utah-based (OSTK), an online furniture retailer, and the likes of Target (TGT) and Kohl’s (KSS) must be a happy bunch with their returns, especially in a turbulent environment brought about

Companies to Watch Out for in 2021

As this pandemic age comes with new innovations, groundbreaking developments, and revised standards of living, companies must revolutionize themselves and nimbly adapt to the present. The past year saw an unprecedented switch to the internet, as the people of the world sat stuck in their homes facing a global lockdown. This week, we will discuss in detail, prospects of two such companies that stand to weather this storm and take

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

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

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%
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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