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973 days ago

Robinhood is soaring as investors rush to stocks

The brokerage's stock jumped 50% to $70.39 on Wednesday, giving it a market capitalization of 58.9 billion. Multiple trading halts on the Nasdaq market were sparked by the volatility, with Robinhood surging as high as 82% earlier in the day. A surge in the mentions of its ticker on Reddit and the fear of missing out can explain the rally. Source: Financial Times 

#Stocks

973 days ago

Fears of Chinese crackdown have spread to vice stocks

Stocks in China's liquor and e-cigarette industries fell on Thursday as nervous investors seized on a succession of reports from state media that could hint at the next targets for tighter control. Tobacco vaping stock Smoore International Holdings Ltd. dropped as much as 7.8% in Hong Kong. Shenzhen Jinjia Group Co., which also makes e-cigarettes, fell as much as 5.1%. 

#Stocks

973 days ago

Can vaccine-maker Pfizer stock finally break its 1999 record high?

It's been a long time coming for PFE...

#Stocks
Can vaccine-maker Pfizer stock finally break its 1999 record high?

974 days ago

History doesn't bode well for stocks with P/S over 20 at these levels

The richest valued stocks are back to market caps last seen in the dot com bubble. Is a repeat of the revaluation coming? 

#Stocks
History doesn't bode well for stocks with a P/S over 20 at these levels

974 days ago

European stocks reach new highs, boosted by bank and energy earnings

European equities rose to a new high as investors were soothed by solid earnings reports from banks and energy companies. The Stoxx Europe 600 Index rose 0.2%, with France's CAC 40 reaching its highest level since September 2000. Lenders did well, with Societe Generale SA and Bank of Ireland Group Plc rallying after improving their outlooks. Source: Bloomberg

#Stocks
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