Pinterest Just Got a Big Vote of Confidence -- Time to Buy?
$Shopify(SHOP)$$Alphabet(GOOG)$$Alphabet(GOOGL)$$Pinterest, Inc.(PINS)$A major activist firm just took a big stake. Pinterest hasn't exactly been a stellar performer, with shares more than 75% below their highs. However, Elliott Management, a large activist investment firm, just took a big stake in Pinterest and has reportedly been in talks with the company on unspecified matters over the past few weeks.Here's a rundown of what investors need to know about Elliott Management's investment, why the firm might be willing to put over a billion dollars in capit
Micron Earnings Preview: Will Critical Support Hold?
$Micron Technology(MU)$Micron is set to report earnings on Thursday after the close, but the stock sits on critical support. Will it hold or will it fold?Micron (MU) stock has not had a good stretch lately, with shares falling in four of the last five weeks and currently down about 26% from the May high.Bulls are hoping but that earnings can save the stock, with the report due up after the close on Thursday.Of course, the worry is that the quarterly results will drop the stock down below a key support zone. As of Wednesday’s action, this area is still holding on — admittedly though, it’s hanging by a thread.In fact, most of the semiconductor and chip stocks have been struggling.Advanced Micro Devices (AMD), Nvidia (NVDA), Taiwa
Penny Stocks To Watch: Why TOUR, JAN, ENDP, BRDS & WEJO Stock Are Moving
Penny stocks are well-known for their high-risk and high-reward potential. When it comes to a choppy stock market, traders will flock to some of these names for quick gains instead of taking a chance at investing in a broader market that still has some downside left.Needless to say, this week, in particular, could bring more speculation and uncertainty thanks to key economic data. The foremost is second-quarter GDP results set to report on Wednesday. The biggest question is, will GDP data signal signs or even confirm a recession?According to the Bureau of Economic Analysis, the figures show some interesting trends:“Real gross domestic product (GDP) decreased at an annual rate of 1.5 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 202
The S&P 500 had another forgettable week as it remains in bear market territory. The Federal Reserve raised interest rates by three-quarters of a percentage point recently. As inflation rates continue to spring forward, there will likely be more fiscal tightening. Hence, it offers plenty of opportunities for investors to scoop up oversold stocks to buy that offer incredible long-term value.Growth stocks, particularly, are sensitive to rising interest rates and have been hit remarkably hard. Moreover, the declines haven’t been limited to stocks only, as the crypto market has also been pulverized since the start of the year. A wide variety of stocks across multiple sectors are now trading near multi-year lows and present an excellent opportunity for investors to add them t
SNOW is no more than the “Rivian” or “Nikola” equivalent in the tech industry. It is headed toward 0 but will have some unwarranted hype pops as it does. Easy short opportunity. $Snowflake(SNOW)$
Paramount is too woke. I tried to watch some of the new Star Trek episodes and couldn't make it through halfway. Too much woke agenda being shoved down the viewer's throats. It's no mystery why companies who try to follow in woke foot steps like $Netflix(NFLX)$ and $Walt Disney(DIS)$ are punished, and even $Paramount Global(PARA)$ barely green on a huge green day. Get woke, go broke.