Investor Peter Boockvar is calling the Reddit rebellion “another epic parabolic bubble.” In a research note out this week, he warns the mania into trades from GameStop to American Airlines will ultimately go bust. “Let’s break down the investment strategy: Find the most shorted stocks, buy calls, write about it, buy the stocks and jam it
Finance
Visa and Mastercard credit cards. Getty Images Check out the companies making headlines after the bell: Visa — Shares of the payments giant rose 1% in extended trading on Thursday after beating on the top and bottom lines of its quarterly results. Visa reported earnings per share of $1.42 on revenue of $5.69 billion. Wall
Take a look at some of the biggest movers in the premarket: American Airlines (AAL) – American’s stock is surging more than 60% in premarket trading after a better-than-expected fourth quarter. The airline lost $3.86 per share, less than the anticipated loss of $4.11, and revenue came in above analyst forecasts. American did post an
The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images LONDON — German online bank N26 is considering making an acquisition for the first time, after raising heaps of cash and trimming its losses despite the coronavirus pandemic. The $3.5 billion financial technology firm said net losses
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines after the bell: Facebook — Shares of the social media giant was down more than 4% in after hours trading on Wednesday following its quarterly results. Earnings came in at $3.88 per share,
Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Shares of embattled movie theater giant AMC Entertainment more than tripled during premarket trading on Wednesday amid a flurry of trading
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Ant Group’s initial public offering (IPO) could resume if the company resolves its issues, China’s central bank governor hinted on Tuesday. The Ant
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Federal Reserve Chairman Jerome Powell has a few nerves to quell among market participants wondering when the central banks will start
Take a look at some of the biggest movers in the premarket: American Express (AXP) – The financial services giant reported fourth-quarter earnings of $1.76 per share, compared to a consensus estimate of $1.31 a share. Revenue matched Wall Street forecasts. Amex suffered a slump in travel and entertainment spending, although a jump in online
A BlackRock signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The European fund industry saw a deluge of investment in 2020, with net inflows rising by around 61.6%, according to new figures from Refinitiv Lipper. Across the year, overall net inflows