General Motors Sent Plummeting as Earnings Fall Short of Wall Street Expectations
Shares of General Motors were sent plummeting by more than 5% on Wednesday morning, after the automaker missed earnings estimates amid mounting warranty recall costs. GM shares were very close to hitting a five-month low, as the company’s second quarter earnings fell short of analysts’ expectations, despite reporting a record operating profit and boosting its […]
$12 Billion Hedge Fund Loses $1.5 Billion in Record Bond Short Squeeze
It’s all fun and games during a rally in global bonds, until someone loses billions of dollars in a short squeeze. Following what were trillions of dollars injected into the US money supply all in the name of bolstering the economic recovery in the face of Covid-19, major hedge funds were placing bets on a […]
Cronos Group: Analysts Expect Another Quarterly Loss For Q2
Cronos Group (TSX: CRON) announced that they will be reporting their second quarter financials before market open on August 6. Analysts have a consensus C$9.48 12-month price target on the company, via a total of 12 analysts, with 2 analysts having buy ratings, 7 have hold ratings, 1 has a sell rating and 2 analysts […]
Roku: Analysts Expect Positive Net Income For Q2 2021
Roku Inc (NASDAQ: ROKU) will be reporting its second quarter financial results after the market closes this evening. Analysts have a consensus $454.40 12-month price target on the company, via a total of 29 analysts, with 7 analysts having strong buy ratings, 15 analysts having buy ratings, 6 have hold ratings and one analyst has […]
Robinhood’s Preliminary Q2 Orderflow Revenues Suggests Retail Trading Mania May Be Wearing Off
After trading below its offering range since the debut day of its IPO, Robinhood (NASDAQ: HOOD) shares were sent surging on Tuesday, trading at above $46 at the time of writing. However, the rebound may not be a proxy of what’s in store for the discount brokerage, as the trading app’s preliminary revenue figures suggest […]
Uber: Consensus Q2 Estimates Point To $3.74 Billion In Revenue
Uber (NYSE: UBER) will be reporting its second quarter financial results after the market close today. Analysts have a consensus $69.11 12-month price target on the company, via a total of 44 analysts, with 17 analysts having strong buy ratings, 21 analysts having buy ratings, 5 have hold ratings and one analyst has a sell […]
Analyzing AMC, Bitcoin, & Gold With Gareth Soloway – The Daily Dive
Today on the Daily Dive, we sit down with frequent guest Gareth Soloway of InTheMoneyStocks.com. Gareth sits down with our host Cassandra Leah this afternoon to discuss AMC, Bitcoin, Silver, and Gold, along with some of Gareth’s latest trade ideas. InTheMoneyStocks.com is a trading room founded by Gareth and his partner Nick Santiago. The platform […]
Healthcare SPAC Healthwell Acquisition Aims To Raise US$250 Million In IPO
Special purpose acquisition company Healthwell Acquisition Corp. I (NASDAQ: HWELU) went public on the Nasdaq Capital Market yesterday. The firm is looking to raise US$250.0 million through its initial public offering, expected to close on August 5, 2021. The offering consists of 25.0 million units priced at US$10.00 per unit. Each unit is composed of […]
SEC Chair Gary Gensler Calls For More Power From Congress to Regulate Crypto Markets
Cryptocurrency markets may soon face tighter regulatory oversight, as the SEC continues to strengthen its powers. SEC Chair Gary Gensler has once again voiced his concerns regarding cryptocurrency markets, and has called on Congress to grant additional powers for regulating virtual currencies. Speaking at the Aspen Security Forum, Gensler said that the SEC is looking […]
Electronic Arts: Q1 Analyst Consensus Estimates
Electronic Arts (NASDAQ: EA) will be reporting its fiscal first quarter financial results after the market closes on August 4. Analysts have a consensus $165.24 12-month price target on the company, via a total of 33 analysts, with seven analysts having strong buy ratings, 16 analysts having buy ratings and 10 have hold ratings. The […]