"I'm wildly bullish, and I may be dead wrong, but I'm wildly bullish."
Steel Dynamics The steel industry is rarely for the faint of heart. As the Q4 earnings approach, investors have their eyes keenly set on the performance of top-ranked Zacks stock, Steel Dynamics. A strong buy with a Zacks Rank #1, the company has been turning …
Lucid (NASDAQ: LCID) stock plummeted to a new nadir in Thursday’s trading, shaving off 4.7%. Earlier in the day, the stock had tumbled a substantial 8.3%, as S&P Global Market Intelligence data confirms. The nosedive was triggered by Tesla slashing the price of its Model …
The bulls were running on Wall Street this week, with a notable achievement over two years since its last peak. All three major indexes finished higher, and the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (SPY), reached unprecedented all-time highs in …
Last summer, the U.S. Securities and Exchange Commission (SEC) sued crypto exchanges Coinbase and Binance, alleging they listed and traded unregistered securities in the form of various cryptocurrencies. This week, the regulator’s legal teams faced the exchanges in court as the companies argued the SEC …
Ark Invest Boosts Stake in ARK 21Shares Bitcoin ETF and Ditches ProShares Bitcoin Strategy ETF Ark Invest, led by the renowned money manager Cathie Wood, raised its holdings in its own spot Bitcoin BTC/USD exchange-traded fund. The company accumulated a staggering $44 million worth of …
Benzinga reviews this weekend’s top stories covered by Barron’s. Here are the articles investors need to read. BP PLC: On the Verge of a Resurgence In “BP Stock Has Been Ignored for Too Long. It’s Time to Buy,” Barron’s contributor Andrew Bary underscores BP plc’sBP pivot …
Investors often lean on analyst recommendations to guide their stock decisions. But, just how critical are these brokerage-firm-employed analysts’ ratings? Before diving into the reliability of brokerage recommendations and how to utilize them to your advantage, let’s uncover what Wall Street heavyweights have to say …
Last year marked a spectacular rebound for many tech stocks, as they reversed the downturn experienced in 2022. The tech-focused Nasdaq Composite surged by 43%, outshining the S&P 500 and Dow Jones. Despite the overall success of tech stocks in 2023, a select few stand …
SlavkoSereda/iStock via Getty Images Amidst the ever-shifting landscape of global oil production and consumption, the rollercoaster that is crude oil has found itself on a rollercoaster again. It’s been a week of ups and downs, where the tides of China’s economy battling against turmoil in …
With Wall Street closed Monday for Martin Luther King Jr. Day, stocks had fewer sessions to turn around their sour start to 2024. However, equities were pressured early amid a rising Treasury yield market and comments from Federal Reserve Governor Christopher Waller that implied the …