Tag: Stocks

From stocks to bitcoin, Wilmington’s Meghan Shue sees troubling trend

As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend.

Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high risk and offer few benefits — if any at all.

“It’s a little bit of chasing returns in the wrong areas. It’s also a little bit of chasing what’s already happened,” the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “One thing we have to be careful of is not to extrapolate what we’ve seen over

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Vancouver, British Columbia – February 8, 2021 (Investorideas.com Newswire) Mining / Metals / Green Energy Stock News – Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.

EL CAJON, Calif. – February 3, 2021 (Investorideas.com Newswire) Breaking EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announced the official opening of operations of the Company’s dedicated electric vehicle (EV) charging solutions division… Read more

U.S. stocks book worst daily losses since October as Powell stresses long road to recovery and short squeeze drama plays out

Stocks closed sharply lower Wednesday, leaving the Dow and S&P 500 index negative for 2021, on mixed earnings reports and after Federal Reserve Chairman Jerome Powell underscored the long road to economic recovery ahead, following the central bank’s first policy meeting of 2021.

Investors also were transfixed by trading in videogame retailer GameStop Corp. GME, which has surged more than 1,700% this month, as well as in a few other key heavily shorted stocks favored by an army of individual investors organized via Reddit’s wallstreetbets forum.

How did major benchmarks perform?
  • The Dow Jones Industrial Average
    DJIA
    skid 633.87
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Nordstrom, Macy’s stocks soar after positive vaccine news

Nordstrom shares have soared after positive coronavirus vaccine news from Pfizer and Moderna.


AFP via Getty Images

Positive vaccine news two weeks in a row has sent department store stocks soaring.

Nordstrom Inc.
JWN,
+2.11%

shares have skyrocketed 58.6% for the month to date. Macy’s Inc.
M,
+2.15%
,
which is scheduled to announce third-quarter earnings on Thursday, is up29.2% for the period. And Kohl’s Corp.
KSS,
-1.71%
,
which reported third-quarter earnings on Tuesday, is up 22.8% for November so far.

Shares of J.C. Penney Co. Inc.
JCPNQ,
-19.07%
,
which just had the sale of its retail

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Premarket stocks: Investors are still in the dark as Trump returns to the White House

What’s happening: Trump, who remains heavily medicated, is still infected with the coronavirus. However, his physician Dr. Sean Conley said it had been 72 hours since Trump’s last fever and that his oxygen levels were normal, insisting that the president met the criteria to be discharged.

Optimism about Trump’s condition, along with stimulus hopes, drove a sharp recovery in stocks on Monday. The S&P 500 finished 1.8% higher, while the Nasdaq Composite gained 2.3%.

Yet tons of variables remain, preventing the momentum from spilling over into another trading session.

Investors don’t have great information to work with. Conley — who … Read more