Meme stocks like AMC and GameStop get their price spikes from strong buying interest. GameStop reported its third quarter results on Dec. 10, a key event for meme traders. Sales of $860 million on a loss of 4 cents per share missed analysts' estimates of $887.7 million in revenue and a loss of 3 cents per share...
Continue Reading0316 GMT – The Malaysian automotive sector could face more market competition, Hong Leong IB analyst Daniel Wong writes in a note. Overall demand for new cars may soften next year, causing incumbent original equipment manufacturers to be more competitive on pricing and aggressive in their sales campaigns, Wong says...
Continue ReadingFedEx stock jumps on plans by the shipping and logistics giant to spin off its freight trucking business, while Nike tumbles after saying it expects revenue to fall under its restructuring plan...
Continue ReadingTesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system. The issue is that the tire pressure monitoring system warning light on the vehicles may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure. Tesla customer service can be reached at 1-877-798-3752 for more information...
Continue ReadingIn November, new EU car registrations fell by 1.9%, the ACEA reports. France led the way with a sharp 12.7% decline, followed by Italy, down 10.8%, while the German market stagnated slightly. Among the four most significant EU markets, only Spain recorded positive growth of 6.4%, the group added. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Pub...
Continue ReadingTesla's valuation is unjustifiable with declining margins and market share loss. See why TSLA stock is a Strong Sell for 2025 based on future prospects...
Continue ReadingA series of economic and market developments shaped market activity during the recent period between index selection dates...
Continue ReadingBillionaire Philippe Laffont apparently favors the underperformer. Meanwhile, Coatue bought 40,925 shares of Microsoft, increasing its position by 1%. Microsoft is now the fourth-largest holding, while Tesla ranks sixteenth...
Continue ReadingA new type of addict is showing up at Gamblers Anonymous meetings across the country: investors hooked on the market’s riskiest trades. At Gamblers Anonymous in the Murray Hill neighborhood of Manhattan, one man called options “the crack cocaine” of the stock market. Another said he faced hundreds of thousands of dollars in trading losses after borrowing from a loan shark to double down on stocks...
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