Author Archives: ayman022
S&P 500 logs first back-to-back weekly losses since February as stocks finish lower
U.S. stocks finished lower on Friday, with both the S&P 500 and Dow Jones Industrial Average cementing their second weekly loss in a row. For the S&P 500, this marked the first instance of back-to-back weekly losses since the week ended Feb. 24, according to FactSet data. The S&P 500 SPX, -0.16% finished down 6.50 …
Luminar CEO Austin Russell to buy majority stake in Forbes: WSJ
Luminar Technologies Inc. LAZR, -2.81% Chief Executive Austin Russell told The Wall Street Journal on Friday that he is buying an 82% stake in Forbes. The deal includes the remaining portion of the company owned by the Forbes family and ends a long sale process, the Journal reported. The company is profitable, the newspaper said, …
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Stocks moving big after hours: LCID, PLTR, PYPL
People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Lucid — The electric vehicle maker …
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Space Stocks: The Countdown to Wealth Has Begun
Editor’s note: “The Countdown to Wealth Has Begun” was previously published in January 2023. It has since been updated to include the most relevant information available. In less than two months, the world may change forever. And it will all be thanks to a single event that could mark the beginning of a brand-new era …
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7 Overvalued Stocks to Sell for May 2023
While chasing returns and profits is the name of the game for investors, one way to torpedo your portfolio is to fill it with overvalued stocks. Stocks become overvalued when they trade at a higher price than their actual value, based on measurements such as earnings and growth projections. Many investors use price-to-earnings ratios, price-to-sales …
3 Dividend Stocks to Sell as the Real Estate Sector Crashes in 2023
Investors love high-yield dividend stocks with good reason. Dividend investments provide a strong income stream and can help investors remain calm in a volatile market. However, there are some dividend trap stocks out there as not all are created equal. After all, a dividend generally comes out of a company’s earnings and cash flows. If …
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GM to recall nearly 1 million SUVs due to air-bag issue: Reuters
General Motors Co. GM, -2.17% said it would recall nearly 1 million SUVs in the U.S. due to a defect that risked causing the front driver’s side air-bag inflator to burst when activated, Reuters reported on Friday. Dealers will replace the component in question, Reuters said. The move affects nearly 995,000 Buick Enclave, Chevrolet Traverse …
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Palantir, Novavax, Under Armour and more
Check out the companies making headlines in midday trading. Palantir – Palantir shares popped 23.4% after the software company beat first-quarter estimates and said it anticipates full-year profitability. CEO Alex Karp said that the company’s seeing strong demand for its new artificial intelligence platform. related investing news 3D Systems — Shares dropped 9% after the …
Buy SoFi Stock for 24X Gains in 10 Years
Editor’s note: “Buy SoFi Stock for 24X Gains in 10 Years” was previously published in March 2023. It has since been updated to include the most relevant information available. There’s a lot of uncertainty in the market right now. But when I look at stocks, I see some huge opportunities. That’s exactly what uncertainty creates …