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Bad Omen For Tesla? Here's What Happened To Amazon Stock After Jeff Bezos Was Time's 'Person Of The Year'
Wednesday, December 15, 2021 - 6:18pm | 519Controversial and influential Tesla Inc (NASDAQ: TSLA) CEO Elon Musk was recently named Time Magazine’s "Person of the Year" for 2021. The award is a tremendous honor for Musk, but some long-time Amazon.com, Inc. (NASDAQ: AMZN) investors may still have nightmares about the time...
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There's 'No Way The SEC Allows' Trump SPAC To Go Through, Whitney Tilson Says
Wednesday, December 8, 2021 - 7:34pm | 541A former hedge fund manager is speaking out against the SPAC taking Donald Trump’s media company public. What Happened: Whitney Tilson issued an update on Digital World Acquisition Corp (NASDAQ: DWAC), the SPAC that announced a merger with Trump Media & Technology. “To be clear...
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What Are The Chances Mark Zuckerberg Isn't Facebook CEO In 2 Years?
Thursday, October 7, 2021 - 6:33pm | 765Facebook, Inc. (NASDAQ: FB) shares have shrugged off a massive outage of multiple Facebook platforms and damning whistleblower testimony in Washington this week and are now up 2.5% from Monday’s closing price. But while Facebook shareholders may have avoided any major fallout from the...
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Why It's Still 'Too Early To Bottom Fish' In Virgin Galactic Stock
Thursday, July 15, 2021 - 12:30pm | 433Virgin Galactic Holdings Inc (NYSE: SPCE) shares have taken a beating this week after founder Sir Richard Branson completed his journey to space over the weekend. The stock initially traded higher on Monday morning before Virgin announced a new $500 million share offering, which sent the stock into...
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Unprofitable Companies Are Flooding The Market With Stock Offerings: What Does It Mean?
Tuesday, July 6, 2021 - 5:19pm | 683AMC Entertainment Holdings Inc (NYSE: AMC) and GameStop Corp. (NYSE: GME) are the two highest-profile examples of stocks adopted by retail traders that have soared in 2021 — even while the underlying companies were on the brink of financial disaster. GameStop and AMC have both taken...
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'I'm Playing A Bit Of Defense': Experts React To 4.2% CPI Inflation
Wednesday, May 12, 2021 - 1:56pm | 592The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.7% on Wednesday after the U.S. Consumer Price Index rose 4.2% in the month of April, its largest increase since September 2008. April’s inflation increase exceeded consensus economist estimates of 3.6%. Fed Not Alarmed: Federal...
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What Is Tax Lot Allocation And Why Could Retail Traders Be 'Making A Very Expensive Mistake'?
Wednesday, April 21, 2021 - 9:40am | 580Americans have until May 17 to file their 2020 taxes after the tax deadline was bumped back to provide more financial flexibility for taxpayers struggling through the pandemic. Unfortunately, many retail traders may end up paying far more in capital gains taxes than they need to this tax season....
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How To Invest In The Market Responsibly When Everyone Else Is Gambling
Tuesday, March 16, 2021 - 6:11pm | 616The pandemic has ushered in a new generation of retail stock market speculators. FOMO traders and gamblers have flooded into the market in an effort to get rich quick, and coordinated buying efforts by Reddit's WallStreetBets community and other social media groups have sent the stock prices of...
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Why 'Average Folks' Could Be Getting Hit Hardest By Hertz Bankruptcy
Wednesday, March 3, 2021 - 3:54pm | 465Roughly nine months after the company officially filed for Chapter 11 bankruptcy, Hertz Global Holdings Inc (OTC:HTGZQ) announced a plan to re-emerge from bankruptcy this week. Like most bankruptcy restructuring plans, the news wasn't good for common stock shareholders, and former hedge fund...
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Why GameStop Stock Traders Should Beware The 'Law Of Twos And Threes'
Friday, February 26, 2021 - 7:31pm | 483GameStop Corp. (NYSE: GME) shares closed at $101.74 Friday after the stock surged from under $45 on Wednesday to as high as $184.68 on Thursday. Some traders may see the extreme volatility in GameStop as chaotic and unbelievable, but former hedge fund manager Whitney Tilson said Friday that...
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Tilson: Frothy Stock Market Could Still Be 'One To Two Years From The Top'
Wednesday, December 30, 2020 - 4:00pm | 456A growing number of investors and analysts are becoming concerned about the stock market’s steep valuations and the frothy trading in a number of tech stocks. Just because the market has a stretched valuation doesn’t mean it can’t go higher — and it doesn’t mean...
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Tilson: Avoid Bitcoin And 'Lead A Happier And More Prosperous Life'
Friday, December 18, 2020 - 3:35pm | 443Bitcoin prices pulled back from their all-time highs above $23,000 on Friday, but the Grayscale Bitcoin Trust (OTC: GBTC) traded higher by 1.7% on investor optimism that the huge 2020 bitcoin rally will spill over into 2021. Former hedge fund manager Whitney Tilson predicted the bursting of the...
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EV Stocks Continue Rally As Short Sellers Question Valuations
Monday, November 23, 2020 - 5:07pm | 597Electric vehicle stocks were outperforming the broader market Monday. The gains are being led by U.S.-listed, China-based EV manufacturers Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI). Nio Recovers From Citron Crash: Nio shares, which...
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Nikola Lock-Up Expiration Could Be A Ticking Timebomb
Wednesday, October 14, 2020 - 2:20pm | 433Nikola Corporation (NASDAQ: NKLA) shares have stabilized somewhat in the past two weeks following a major September swoon. A Hindenburg Research report accusing Nikola of being “an intricate fraud built on dozens of lies” and the resignation of chairman Trevor Milton triggered the sell-...
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Experts React To Nikola Sell-Off: 'It's Not Too Late To Get Out'
Wednesday, September 23, 2020 - 12:29pm | 543An extremely difficult week for Nikola Corporation (NASDAQ: NKLA) investors became even worse Wednesday, with the stock down more than 10% midday. The move comes after co-founder Trevor Milton stepped down from his role as chairman earlier this week following accusations by short seller Hindenburg...