Shares of MoviePass owner Helios and Matheson Analytics plunged more than 30 percent in Wednesday trading, after falling 31 percent a day earlier. The stock hit a low of 87 cents, down more than 97 percent from HMNY’s 52-week high of $38.86 a share hit in October. The company’s market value has plunged from $281 […]
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One of the analysts cut off by Tesla chief executive Elon Musk during the company’s latest earnings call has responded, telling clients he plans to “hold Tesla accountable” for its performance. In an open letter and invitation to Musk entitled “Dear Elon,” RBC Capital Markets analyst Joseph Spak defended his questioning. “Some of these questions […]
Read moreBlackRock, the world’s largest asset manager, handling more than $6 trillion, is leaving no stone unturned in its effort to shore up the investing dollars of the millennial and Gen Z generations. Having already made inroads in the robo-advisor business in recent years, BlackRock is coming for your nickels and dimes next. BlackRock announced Wednesday […]
Read moreFormer pro running back Ricky Williams’ NFL career was anything but conventional, so it should come as little surprise that his financial advice is also unorthodox. Williams has spent a chunk of his post-football life studying everything from holistic medicine to astrology and he tells CNBC Make It that the studying the cosmos actually informed […]
Read morePapa John’s shares are selling off Wednesday morning after its latest earnings report showed the company is struggling to find its identify in the wake of its founder and CEO’s departure in December. Sales at Papa John’s have been slumping for several quarters as the company struggled to get new promotional offers to stick and […]
Read moreMonster Beverage’s difficult year will get worse, according to J.P. Morgan. The firm lowered its rating to neutral from overweight for Monster Beverage shares, predicting lower profitability this year. On Tuesday the company reported first-quarter earnings results that generally matched Wall Street expectations, but Monster’s management cautioned investors about future profit margin pressure from higher […]
Read moreA veteran market watcher is detecting a strange dynamic on Wall Street. Based on market activity and robust first-quarter earnings, CFRA’s Sam Stovall says investors are experiencing fear and greed — simultaneously. “Earnings are coming in much, much better than expected,” the firm’s chief investment strategist said Tuesday on CNBC’s “Futures Now.” “They’re worried that […]
Read moreWhen the global financial crisis kicked into high-gear a decade ago, most Americans learned the hard way that questionable decisions on Wall Street can lead to dire consequences on Main Street. We all saw how pockets of unethical behavior by some devils in the mortgage-backed securities market ultimately boomeranged on average homeowners. This included the […]
Read moreWhile markets are busy with Trump tweets and geopolitics, one strategist says two catalysts are being left by the wayside. Economics and earnings will give stocks their next leg up this year, according to Kate Warne, investment strategist at Edward Jones. “We think first investors really aren’t paying attention to the fact that the budget […]
Read moreRoku on Wednesday afternoon releases its third quarterly earnings statement as a public company, and the options market is implying it expects something unique: relatively little. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” that shares of the streaming technology company, which have plunged 36 percent this year, are expected to […]
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