The main fund from Cathie Wood’s Ark Investment Management slipped in pre-market trading on Thursday, as it struggles to stabilize following a 20% drop from its February peak.
Casualties are piling up across the stock market as bond yields rise.
GameStop mania is off the front page, but the spirit that fed it still rules many corners of the market. Penny stocks are an area where sentiment remains boiling hot, earning the scrutiny of federal regulators.
While it may seem that the “meme stock” mania is dissipating following GameStop Corp.’s $27 billion wipe-out, there are still 16 companies whose shares are up triple digits this year.
In some nine hours, financial markets would open in New York, and when they did, an obscure penny stock by the name of Blue Sphere Corp. would suddenly, and seemingly miraculously, soar, handing a windfall of some $30 million to those who had loaded up on the stock in the weeks before.
At least in the stock market’s cold-blooded logic, 2020 will be remembered as the year when people became superfluous to the cause of progress.
To defend soaring equity markets against claims of overinflation, economists often cite a valuation methodology that adjusts stock prices for interest rates. The latest to do it is Jerome Powell.
An interesting thing keeps happening in the American stock market. Lately, when ownership of young companies passes from the institutions who nurtured them into the much broader arms of the investing public, their valuations double.
A strange thing happened on the way to the biggest post-election surge in modern stock-market history. On Wednesday, while the S&P 500 was tacking on $600 billion of fresh value, most of its members fell.
Rob Arnott has a warning for everyone who is confident they’ll know when it’s time to sell a soaring stock like Amazon.com Inc. or Tesla Inc.
Call it crazy, but don’t call it dumb: Individual investors have been flocking to bankruptcy-protected companies in droves.
Rising optimism in the economy is popping up everywhere, with shares of banks and energy companies and small firms soaring.
Whiplashed investors have been thankful for a dose of calm, but signs are emerging the lull may not last.
Tiny investors signed up in droves for accounts at discount brokers like Schwab and TD. Their combined buying has helped the market claw back losses.
