Good news ruins everything, or at least it feels that way in the stock market right now.First, there was GameStop. An investment from a successful tech investor led to an epic short squeeze—and then a lot of pain for anyone buying shares above $400, as GameStop stock slipped to $51. Now marijuana companies are surging, or getting … [Read more...] about Pot Stocks Are the Next GameStop. It Won’t End Well.
Finanace
Stock futures point to a higher open, shaking off two-day decline
Stock futures pointed to a higher open Thursday morning as investors digested a host of corporate earnings results and considered policymakers’ next moves to support the still virus-stricken economy.Contracts on the S&P 500 rose 0.3%, reversing some declines after the index closed lower for a second straight session on Wednesday. Dow and Nasdaq futures also traded … [Read more...] about Stock futures point to a higher open, shaking off two-day decline
PepsiCo stock edges up after profit and revenue top forecasts, dividend raised by 5%
Shares of PepsiCo Inc. PEP, -1.36% edged up 0.1% in premarket trading Thursday, after the beverage and snack company reported fourth-quarter profit that topped expectations, revenue that rose above forecasts and raised its dividend. Net income rose to $1.85 billion, or $1.33 a share, from $1.77 billion, or $1.26 a share, in the year-ago period. Excluding … [Read more...] about PepsiCo stock edges up after profit and revenue top forecasts, dividend raised by 5%
AstraZeneca Sees Profit Accelerating After Turnaround Effort
TipRanks2 “Strong Buy” Cannabis Stocks Showing Monster GrowthInvestors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As … [Read more...] about AstraZeneca Sees Profit Accelerating After Turnaround Effort
Share buying mistakes ‘on the rise’
GameStop is listed as GME on the New York Stock Exchange.Buying shares in the wrong company is on the rise according to two leading stock market academics.The recent Reddit-inspired trading frenzy around GameStop highlighted the mistakes traders can make.For example, GameStop is listed as GME on the New York Stock Exchange, but there is also an Australian mining stock (GME) … [Read more...] about Share buying mistakes ‘on the rise’