GameStop shares snapped out of a recent funk on Thursday with momentum carrying into Friday as the most high-profile proponent of the stock returned to social media for the first time in more than a week. The influence of Keith Gill, known as Roaring Kitty on social media, is not to be underestimated. GameStop stock advanced 3.7% on Thursday after starting in the red, with the shares up 0.6% on Friday.
(Reuters) -Stock influencer Keith Gill, known as "Roaring Kitty," unveiled a 6.6% stake in Chewy on Monday, a surprise move that alarmed executives at the U.S. pet products company. The Chewy stake is Gill's first known investment beyond GameStop. A link connects these two investments: Ryan Cohen, the billionaire founder of Chewy, is now CEO of GameStop.
As the Singapore market shows signs of robust activity, with innovative companies like Currensea successfully raising significant funds through crowdfunding, it highlights a growing investor confidence and interest in diverse sectors. In this context, identifying stocks that are potentially trading below their intrinsic value could offer attractive opportunities for investors looking to capitalize on current market conditions.
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (Jul 2024)—Rates Up To 3.7%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
These four stocks are hitting their 52-week highs but should they be included in your investment portfolio? The post 4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio? appeared first on The Smart Investor.
Here are four stocks with recent corporate developments or catalysts that investors can look out for. The post 4 Singapore Stocks to Watch for in July appeared first on The Smart Investor.
Just months before his passing at the ripe old age of 99, Charlie Munger, the ever-sharp vice chairman of Berkshire Hathaway, shared some valuable insights with the public. During the 2023 Daily Journal shareholder meeting, Munger responded to a question from CNBC's Becky Quick about the trend of large companies, including Meta, opting for self-insurance against various liabilities. Quickly inquired about the potential systemic issues this trend could cause and sought Munger's thoughts. Don't Mi
Dividend-paying stocks are often sought after for their potential to provide a steady income stream. However, it's crucial to examine the sustainability of these dividends. Companies like Metro Holdings, with high payout ratios, may indicate that their dividends could be at risk, making them less attractive for long-term investment stability.
Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note. The sales could indicate that portfolio managers have become more bearish on tech stocks, after the sector's powerful rally in the first half of the year, although the note does not provide any reason behind the trend. The bank, which compiles its clients' positioning for the data, said semiconductor and software were the top two most sold sectors in June, while hedge funds increased their allocation to tech hardware and electronic equipment.
Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
(Reuters) -Wall Street's main stock indexes closed higher on Tuesday, boosted by gains in Tesla and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday. The Dow Jones Industrial Average rose 162.33 points, or 0.41%, to close at 39,331.85, the S&P 500 gained 33.92 points, or 0.62%, to 5,509.01 and the Nasdaq Composite gained 149.46 points, or 0.84%, to 18,028.76.
When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. With increased costs due to inflation, this has only gotten worse....
China bulls will be hoping it's the former. The 'official' manufacturing PMI from China's National Bureau of Statistics on Sunday came in at 49.5, unchanged from May and marking the second month in a row that manufacturing activity has declined. If there are financial market ripples from the first round of voting in the French election, they may be felt first in Asia on Monday.
Now isn’t the time to buy home builder stocks, says a Citi analyst who downgraded shares of Lennar and D.R. Horton on Tuesday. Anthony Pettinari moved his ratings on shares of Lennar and D.R. Horton to Neutral from Buy. The analyst wrote in a research note that these downgrades reflect a “slowing housing market.”
Key Insights Significant control over United Overseas Insurance by public companies implies that the general public has...
The Swiss market recently exhibited a nuanced performance, closing slightly down despite an initially strong trading session. This subtle downturn occurred amid broader economic signals, including regional inflation data and U.S. spending reports, which investors are closely monitoring. In such a context, identifying stocks that appear undervalued could offer potential opportunities for those looking to invest in assets that may not fully reflect their intrinsic value given the current...
TOKYO (Reuters) -Japan's finance minister said on Tuesday authorities were vigilant to sharp currency market moves, as the yen continued its slump to fresh 38-year lows against the dollar, but stopped short of giving a clear intervention warning. The change in official daily commentary to reporters, in which an intervention warning has become almost customary, comes as analysts question the effectiveness of such jawboning in stopping sharp yen declines. "Foreign exchange levels are set by the market reflecting a complex mix of various factors, including inflation, current account balance, market sentiment and speculative moves," finance minister Shunichi Suzuki said in a regular post-cabinet meeting news conference.
RBC analyst Tom Narayan raised his price target on the EV stock to $14 from $11. BofA analyst John Murphy issued positive research as well.
An attempt by the People's Bank of China (PBOC) to stem a rally in government bonds is falling flat as growth worries persist. Any potential interventions might only slow the momentum temporarily, as the fundamentals have yet to turn the corner, analysts said. The bond market rebounded quickly to recover from the shock of the central bank's announcement on Monday that it would borrow notes. Yields on 10- and 30-year Chinese government bonds closed down 1.3 and 1.2 basis points on Tuesday to 2.24
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock...
