The Securities and Exchange Commission (SEC) has a plan to allow people to trade stocks on the blockchain, buying and selling them as cryptocurrencies. Investor Michael Burry, “Big Short,” is not happy about that, to say the least. Must read “We may be headed straight toward a Snow Crash cyberpunk future,” Burry said this week…
Michael Burry, the renowned investor who predicted the 2008 housing crisis in The big shorthas once again adopted a contrary stance. In his recent Substack post, “Palantir’s New Clothes,” the founder of the now-defunct Scion Asset Management argues that Palantir Technologies (PLTR) is wildly overvalued, comparing its AI platform to a naked emperor. He cites…
Actions of Planet Laboratories (NYSE: PL) fell about 10% this week, according to data from S&P Global Market Intelligence. The company, a space economy stock that operates a fleet of satellites for regular imaging services, is making strong progress with potential new contracts for defense, civil and corporate use cases. The stock is up 487%…
Guidewire Software (NYSE:GWRE) is one of the Best Software App Stocks to Buy According to Hedge Funds. On January 9, RBC Capital’s Rishi Jaluria maintained his Outperform rating on Guidewire Software (NYSE:GWRE). He estimated a price target of $300, implying an upside potential of almost 81% from the current level. Opendoor (OPEN) Soars 82% Following…
IREN received two analyst promotions this week. The stock has soared in the last year due to a huge deal with Microsoft. The stock trades at a sizable premium compared to its AI cloud computing revenue. 10 stocks we like more than Iren › Actions of IREN (NASDAQ: IREN) it soared more than 20% this…
The investment case for the stock is based on understanding how management has fundamentally restructured the airline’s business model. The airline’s bonuses, loyalty, co-branded credits and differentiated pricing strategies are securing its long-term revenue streams. The industry, and this airline, in particular, is unlikely to be as cyclical as it was in previous decades. 10…
tesla (NASDAQ:TSLA) does not want to be known only for its electric vehicles. Elon Musk’s company is abandoning its automobile business and focusing more on advanced technologies in artificial intelligence, such as autonomous driving and robotics. Therefore, a path is opening for a new EV stock to take the lead. Rivian Automotive (NASDAQ:RIVN) He has…
A former Federal Reserve governor who retired in August listed several stock trades in her 2024 financial disclosure documents that violated the central bank’s ethics rules. The transactions are described in a report released Saturday by the U.S. Office of Government Ethics, which reviewed Adriana Kugler’s financial statements after the Federal Reserve referred them to…
The field of stock trading faces a week full of crucial events, which carry implications that reverberate throughout the global market. As investors collectively hold their breath, all eyes are focused on two major milestones that could guide market dynamics: Nvidia Corporation’s earnings report and Federal Reserve Chairman Jerome Powell’s anticipated speech. Nvidia’s earnings set…
By Arasu Kannagi Basil (Reuters) – Morgan Stanley’s earnings beat estimates in the third quarter as a surge in deals drove revenue to record levels, and the company’s finance chief said its investment banking portfolio is at “all-time highs.” “It’s certainly possible that next year we could break 2021 deal volume records,” Chief Financial Officer…
