Investing
Shares of GameStop Corp. GME, -3.28% are down 4.2% Tuesday and are on pace to extend their losing streak to three days, their longest skid since a five-day losing streak that ended on Nov. 27. The stock is also on pace for its biggest single-day percentage decline since Dec. 20,…
MicroStrategy, and Marathon Digital stocks climbed Tuesday as crypto-related stocks benefited from a new year Bitcoin rally. Bitcoin rose above $45,000 in early trading, up more than 5% over the past 24 hours, amid hopes the Securities and Exchange Commission will shortly begin approving Bitcoin exchange-traded funds. It’s the first…
Bitcoin could reach an all-time high in 2024, with the potential to end the year at around $80,000, according to analysts at AllianceBernstein. The crypto BTCUSD, -3.51%’s price will likely be driven higher this year by the potential approval of an exchange-traded fund investing directly in bitcoin, the so-called halving…
Corporate bonds from the big money-center banks are rallying in concert with their stock prices amid more bullish sentiment on Wall Street about potential interest-rate cuts in 2024. Also read: Wall Street divided on how many Fed rate cuts there will be in 2024 Corporate-bond prices for JPMorgan Chase &…
Long-term interest rates have been declining rapidly over the past two months. The timing is still good for income-seeking investors to buy shares of bond funds and one excellent example is the ICON Flexible Bond Fund, which is managed by Jerry Paul.During an interview with MarketWatch, Paul described his advantages…
Costco Wholesale Corp. bonds have been seeing bullish activity recently, according to information from the market-data company BondCliQ. Data from BondCliQ show there has an uptick in net buying in Costco COST, +0.83% bonds in the last 10 days. The following chart shows the most active Costco issues with net customer…
During the bull market of 2023, the “Magnificent Seven” stocks have dominated financial media coverage, and rightly so. There is no question that this group of companies has been performing very well in their core businesses and analysts expect the good times to continue. But investors might want to gain…
Moderna Inc.’s stock soared 13% Tuesday to lead S&P 500 index gainers, after Oppenheimer upgraded the stock to the equivalent of buy and said it expects the biotech to have five products approved by 2026. Analysts led by Hartaj Singh upgraded the stock MRNA, +2.26% to outperform from perform and…
American Express Co. drew an upgrade to equal weight from underweight at Stephens on Tuesday as analysts weighed the potential impact of an expected drop in interest rates in 2024. After issuing a profit warning in a December webcast, American Express Co. AXP, +1.03% appears poised to return to its…
Shares of Apple Inc. started 2024 with a selloff, after Barclays analyst Tim Long said it was “time for a breather,” citing weak hardware sales as iPhone 15 demand disappoints. “We are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs,…