Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next huge move. GameStop Corp. and AMC Entertainment Holdings are two high-profile examples of short squeezes earlier this year. A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be…
5 Short Squeeze Candidates to Watch: Biofrontera Rejoins and Tops List, 2 New Names Enter Leaderboard
What If Stocks and Bonds Move Down at the Same Time?
Commentary What do your stocks, house, car, lawnmower, and expensive jewelry all have in common? If things get financially desperate enough, you’ll sell them all. At first thought, one might assume that there is no real correlation between a lawnmower and a car, but in times of serious stress, they all have to go—at the…
Why Are LiveOne Shares Trading Higher Premarket?
LiveOne Inc. entered into a binding Letter of Intent with Trader2B, an existing trading platform, to exclusively license to use and integrate Trader2b’s technology and platform in all music categories. The financial terms of the transaction remain undisclosed. LiveOne looks to gamify its platform and user experience and exclusive option to purchase Trader2b’s business or its…
World Stock Prices Gain on Strong US Holiday Sales
WASHINGTON—Global stock markets rose on Monday and oil prices eased as investors hailed strong U.S. holiday season sales and some grew less fearful about economic damage from the Omicron variant of COVID-19. Still, fears that the pandemic could hurt economic growth pushed gold prices to the highest in more than a week despite pressure from…
Business Chart of the Day: Is SPY Breaking Out?
Since Nov. 5, the $471 level has been resistance for the SPDR S&P 500 ETF Trust (SPY). Each time the shares reached that zone, they ran into a wall of sellers. This put a top on the price. But that may be changing, as SPY appears to be setting up for a potential break out. The ETF…
Read Why Monness Crespi Is Bullish on Amazon
Monness Crespi analyst Brian White notes Amazon.com Inc. shares have trailed this year’s “healthy market rally” after a strong stock performance in 2020, but after having attended AWS re: Invent earlier December 2021, he views that Amazon is “uniquely positioned to exit this crisis as one of the biggest beneficiaries of accelerated digital transformation.” White notes that…
5 Stocks to Play the Major Trends Driving the Software Industry In 2022
The software industry is expected to benefit from a few major secular trends that will likely continue to drive growth in 2022, an analyst at Rosenblatt Securities said in a recent note. These secular trends will likely remain in place for at least several more years until the majority of enterprise IT infrastructure, including applications…
Read Why Ascendiant Is Bearish on GameStop
Ascendiant analyst Edward Woo lowered the price target on GameStop Corp. to $23 from $24, implying an 84.9 percent downside, and reiterated a Sell. “Reddit trading” may rally the shares in the near term, but this will likely fade in 2022 as digital threats increase, given the company’s “weak” earnings outlook, Woo tells. Recent reports by video…
S&P 5,000? Here’s What Analysts and Investors Expect From the Stock Market in 2022
As 2021 winds to a close, investors and analysts are already shifting their focus to 2022. This year marked the third consecutive year of at least 16 percent returns for the S&P 500, leaving investors to wonder just how much more upside they can expect from the SPDR S&P 500 ETF Trust in 2022. Landmark Target…
Futures Rise as Omicron Worries Ease
U.S. stock index futures ticked higher on Thursday, helped by early data suggesting the Omicron variant of the coronavirus was less severe than feared, while investors looked ahead to weekly jobless claims and monthly inflation numbers Two vaccine makers said their shots offered protection against Omicron, as UK data suggested it may cause proportionally fewer…
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