Hong Kong marble stock ArtGo plunged 98% in a day earlier this week, wiping out $5.7 billion. It’s the latest in a string of massive Asian stock bubbles including Kasen International and Tibet Water. Recent trading bubbles makes bitcoin’s ‘bubble’ look practically placid. One of the world’s best-performing stocks just took a 98% hammering when…
Disney posted a strong fiscal fourth-quarter performance that topped analyst estimates. The media titan also announced it struck a key partnership with Amazon for its Disney+ streaming service. Analysts are busy buying call options and going long on DIS. While Disney (NYSE:DIS) has been pulling back from the all-time high of $147.15, the company has…
McDonald’s stock is up 10% this year after hitting an all-time high in August. Steve Easterbrook’s exit will not lead to a change of strategy according to the incoming CEO. The fast-food chain prohibits even consensual relationships between executives and their juniors. Outgoing McDonald’s (NYSE: MCD) CEO Steve Easterbrook may have paid the ultimate price…
Fitness company Fitbit has grabbed the limelight recently due to news of possible acquisition by Alphabet. It has been two days since the news broke but until now there’s no confirmation, suggesting that other companies are also vying for the smartwatch-maker. The rumors will likely keep shares soaring as traders speculate on the acquisition price.…
Turn on CNBC or Bloomberg TV and you’ll hear at least one Wall Street analyst screaming about the danger of an Elizabeth Warren White House on the stock market. Billionaire investor Leon Cooperman joked that “they won’t open the stock market if Elizabeth Warren is the next president” and accused her of “sh*ting on the…
Beyond Meat stock may have gotten the wind knocked out of it, but that doesn’t mean it’s down for the count. Right now, investors are showing little appetite for BYND, but the stock is still up by a double-digit percentage year-to-date. The alternative meat company is a first-mover, and it will have an advantage if…
Shares of Johnson & Johnson (NYSE:JNJ) plunged on Friday amid reports the consumer healthcare company had recalled some of its baby powder after government testing found traces of asbestos in one of the bottles. JNJ Confirms Asbestos Discovery Already bogged down by thousands of lawsuits tied to its leading baby powder product, Johnson & Johnson…
According to Chinese journalist Hu Xijin, official Chinese media reports didn’t mention the prospect of a second trade deal, which the U.S. stock market seems to have already priced in. Xijin, who is editor-in-chief of Chinese and English editions of the Global Times, said the following: “Initial wave of comments in Chinese media all stresses…
A tumultuous day of trade for the US stock market on Tuesday has the Dow Jones looking vulnerable at the open of trade Wednesday. The bears sold a rally in the Dow late, and a test of critical congestion/support around the 200-day moving average looks increasingly probable as momentum turns to the downside in the…
The U.S. stock market has seen a steep pullback since early September and according to Peter Schiff, the Fed is running out of ideas. As seen in the performance of the Dow Jones, which has lost more than 1,000 points in the past month, the U.S. stock market has struggled to demonstrate resistance to growing…
