Chewy released its first-quarter earnings results after market close on Tuesday, beating on its top line. The company offered guidance with stronger-than-expected estimates for its second quarter. Yahoo Finance’s Myles Udland breaks down the pet e-commerce company’s earnings on The Final Round. …read more […]
Nikola shares surged on On Monday after Nikola’s Founder and Executive Chairman tweeted that the company would begin taking reservations for a new electric pickup truck in late June. Yahoo Finance’s The Final Round panel discusses.
…read more […]
(Bloomberg) — Nano-cap Immuron Ltd. saw shares surge more than ten-fold on Tuesday afternoon as euphoria for retail traders took to the biopharmaceutical industry.The Australia-based company, which was valued at roughly $9 million coming into Tuesday’s session, saw its American depository receipts change hands at a record clip as retail investors cheered and Twitter users were left confused. More than 74 million shares were traded Tuesday which compares to a one-year average volume of less than 100 thousand.The biopharmaceutical company disclosed earlier that the Naval Medical Research Center, its partner, requested a regulatory meeting with the U.S. Food and Drug …read more […]
Yahoo Finance’s Emily McCormick joins Heidi Chung to break down why Hertz’s stock declined Tuesday after its three-day rally. …read more […]
Investors saw Vroom shares soar in its public trading debut. Yahoo Finance’s Jared Blikre joins Heidi Chung to discuss. …read more […]
The COVID-19 crisis has shaped our lives forever, impacting how we live, work and communicate.
As Nicholas Vardy details today, it has also given a big boost to the technology sector, which people are now relying on much more heavily.
In recent months, I’ve written about how to invest in a crisis.
And I recalled Baron Rothschild’s advice that you should invest “when there is blood in the streets.”
I also cited Sir John Templeton’s contrarian observation “People are always asking me where is the outlook good, but that’s the wrong question… The right question is: Where is the outlook the most miserable?”
Click here …read more […]
(Bloomberg) — Just in the last week, 96,000 people on the Robinhood investing app opened a position in Hertz Global Holdings Inc. The number of users holding Whiting Petroleum Corp. grew roughly 10,000 in the last 24 hours.Two things the companies have in common: They’ve filed for bankruptcy protection. And each saw their shares double to start the week.It’s the same thing for Chesapeake Energy, as it prepares a potential filing. In the past, the court process usually wiped out equity shareholders. In this day and age, as small day traders salivate at any opportunity to get rich quick, a …read more […]
Optimism on President Trump winning re-election may in part be fueling the stock market’s latest surge, says this veteran strategist. …read more […]
(Bloomberg) — J.C. Penney Co. shareholders got a helping hand Tuesday from U.S. Bankruptcy Judge David Jones.Jones will order the retailer to pay as much as $250,000 in professional fees to support an informal group of shareholders who have been challenging the bankruptcy, he said in a hearing Tuesday. In exchange, the group of retail investors agreed to nix its attempt to have the whole case thrown out along with its request for status as an official group, which could’ve resulted in huge legal bills for J.C. Penney.Shareholders typically get no recovery in a Chapter 11 bankruptcy, but the legal …read more […]
J.J. Shaheen, GM Manufacturing Chief Engineer for Global Crossover joins Yahoo Finance’s On The Move panel to weigh in on shifting production back to cars. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
