The Truth Bear
Courtesy Elon Musk, Tesla and SpaceX tech billionaire, had been the richest man in the world for less than a week at the beginning of January when he lost the spot to the previous richest man in the world, Amazon and Blue Origin tech billionaire Jeff Bezos. That was just about the most riveting tech…
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BuzzFeed editor Hannah Loewentheil finally caved and bought an air fryer while in quarantine, and she’s glad she did:”I’d been contemplating buying an air fryer for quite some time, but it wasn’t until I found myself cooking every night with my family due to COVID-19 that I finally decided it was the right time to…
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Investment Opportunities By Rob Otman Originally posted January 5, 2021 Updated on January 26 at 11:31 am Electric vehicles are gaining momentum. Tesla gets most of the headlines, but there are many other EV stocks as well. The industry has some unique investing opportunities. That’s why I’ve put together this list of six stocks to…
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There’s no denying that 2020 was an incredible year for electric vehicles…And Elon Musk was the man of the hour.Never in the history of wealth accumulation has anyone shot up the ladder so quickly.In fact, Musk’s net worth skyrocketed by well over $60 billion since Tesla was included in the S&P 500 index in late…
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Shares of GameStop (GME) opened at more than $350 today after starting the month at around $17 a share. This has led a generation of half-dead old white guys to spit out their coffees onto their Wall Street Journals, demanding to know: what happened? Via New York Times, The Motley Fool, and CNBC, a Reddit board has…
Read moreThe epically insane rise and fall and rise of shares in GameStop (GME) might look alarming to some folks, but long-term investors can rest easy. Online mobs from the subreddit r/wallstreetbets (WSB) are not coming for the stocks in their portfolios of blue-chip dividend payers. © Provided by Kiplinger But those mobs have claimed some…
Read moreBets against GameStop’s stock, followed by a campaign to juice the video-game chain’s shares, sent its stock price soaring before it tumbled Thursday when trading app Robinhood banned purchases. © Janet Loehrke illustration on Gamestop stock The phenomenon involves two trends championed by individual investors in recent months — options trading and momentum investing — that…
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Particularly at this point, I don’t believe that a “short squeeze” has much, if anything, to do with how GameStop (NYSE:GME) stock is trading. Source: Northfoto / Shutterstock.com Yes, the original trade that sent GME stock soaring back in January looks like a well-executed short squeeze. It nearly bankrupted one hedge fund, Melvin Capital, and…
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Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manager Gabe Plotkin told CNBC’s Andrew Ross Sorkin that the position was closed out Tuesday afternoon following a huge loss. Shares of GameStop have soared more than 600% in January after retail investors, organized via Reddit’s WallStreetBets…
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