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969 days ago

Short selling of ARKK has risen to a record high

As confidence in Cathie Wood's flagship Ark innovation fund begins to wane, short sellers have increased their bets against it. Investors anticipating a collapse are shorting a record 12% of the ARKK exchange traded fund's shares. Source: Financial Times 

#Stocks

969 days ago

Cigarette companies smoke-free future success seen in current sales

As seen in our article last week, Philip Morris International and other firms like the British American Tobacco and its Japanese counterpart, are making moves away from smoke and towards smoke free products (things like vapor products). The companies have seen their sales rising still further as smoke-free product popularity has risen sharply in the previous years. Source: WSJ  

#Stocks

972 days ago

European stocks head for best week in 5 months

European stocks are on track to have their best week since March, as investors continue to be encouraged by positive earnings reports, signs of a strong economic rebound in Europe, and the promise of continuing central bank support throughout the world. The spread of the Delta coronavirus, on the other hand, has raised concerns. Source: Trading Economics 

#Stocks

972 days ago

Robinhood drops 28% after early investors file to sell stock

Early investors registered to sell roughly 100 million of their Class A common shares in Robinhood Markets Inc. on Thursday, less than a week after the company's initial public offering. The trading platform's stock dropped 28% to 50.97 after investors advocated selling up to 97.88 million shares over time. Source: Bloomberg

#Stocks

973 days ago

Financials & Energy are now just 18% of global equities

It could take another tech crash to get some love back to these sectors...

#Stocks
Financials & Energy are now just 18% of global equities
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