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esla CEO Elon Musk sold $8.5 billion of the electric automaker's stock in the three days after the Twitter board agreed to sell the company to him. Musk sold 3.7 million shares of Tesla stock on Tuesday, for a total of $3.3 billion, and another 735,000 shares on Wednesday, bringing in $654 million, according to filings he made with the Securities and Exchange...
Downbeat earnings meant the US equity markets were a sea of red on Friday, with no major sector able to escape the sell-off. The S&P 500 was last trading lower by nearly 3.0%, which saw it crash back below the 4,200 level and probe multi-week lows printed earlier in the week around 4,160. The tech-dense Nasdaq 100 index was down a little over 3.5% and eyeing a...
There was a buying spree on (VIX) call options recently. The buy-to-open (BTO) call/put volume ratio spiked above five for the first time since just before the pandemic. Those call buyers have been spot on since the spike occurred just under two weeks ago; the VIX is up 30% in that time frame. Next, I’m going to look at past spikes to see how the stock market and...
Stock futures rose in overnight trading as the market shook off the April sell-off and investors reacted positively to earnings from Meta Platforms. Futures on the Dow Jones Industrial Average added 70 points or 0.2%. S&P 500 futures gained 0.7% and Nasdaq 100 futures jumped 1.2%. The moves came as shares of Meta surged more than 18% after hours following a beat...
Aside from strength in energy stocks amid a rebound in oil prices, US equity markets were a sea of red on Tuesday, with the major indices led lower most notably by weakness in mega-cap tech stocks ahead of earnings in the coming days. Apple was last trading down 2.6%, Microsoft 2.7%, Alphabet 2.9%, Facebook 3.0% and Amazon 4.0%, while Tesla shares slid more than...
After Monday’s late day rally and remarkable turnaround in the equity space, investors were hopeful that the recovery would consolidate in the near term, but those upbeat expectations were dashed on Wednesday by a brutal and widespread sell-off triggered by mounting economic worries. At the closing bell, the S&P 500 plunged 2.81% to 4,175, weighed by a 12% plunge...
AUD/USD clears the March low (0.7165) as it extends the series of lower highs and lows from late last week, but the update to Australia’s Consumer Price Index (CPI) may curb the recent selloff in the exchange rate as the headline reading for inflation is expected to increase for two consecutive quarters. AUD/USD appears to be tracking the recent weakness in the...
The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.
Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company's services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through...
VDE tracks a market-cap-weighted index of US energy companies. The index includes those companies deemed investable by MSCI and covers 98% of the market.
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other.
Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon—"Ethereum's internet of blockchains"— launched under the name Matic Network in 2017.
“West Texas Intermediate” (WTI) oil is another benchmark used by oil markets, representing oil produced in the U.S. It is based on oil at a large tank and pipeline hub in Cushing, Oklahoma. Like Brent oil, WTI is priced as a light oil, but it doesn't have the same global reach. OUR MISSION STATEMENT: Our goal is to help everyone find information and ideas about...
VPU tracks a broad-based, market-cap-weighted index of US utilities companies. Important information: Our goal is to help everyone find information and ideas about investing, asset ownership and wealth creation. The Market Week was created by investors for investors. We believe in a free exchange of ideas for investing, income generation, wealth building. We...
Ethereum is the second-biggest cryptocurrency by market cap after Bitcoin. It is also a decentralized computing platform that can run a wide variety of applications — including a universe of decentralized finance or DeFiand services. Everything from financial tools and games to complex databases are already running on the Ethereum blockchain. And its future...
As you know, making massive gains from investing is easier said than done. Like so many of our readers, you see the “investment experts” talking about their huge wins and successes… You see the “legendary” stock picks that got 1000% returns in one day, and “The One Device” that’s going to “change everything.” So, like some of our readers, you may have paid for...
ARKK is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. As you know, making massive gains from investing is easier said than done. Like so many of our readers, you see the “investment experts” talking about their huge wins and successes… You see the “legendary”...
QQQ tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks. The listed name for QQQ is Invesco QQQ Trust, Series 1. As you know, making massive gains from investing is easier said than done. Like so many of our readers, you see the “investment experts” talking about their huge wins and successes… You see the “legendary” stock picks that got...