In the last quarter, Michael Burry shifted his investment strategy by exiting his positions against the S&P 500 and Nasdaq 100, only to initiate a new play targeting semiconductor stocks, as per his latest portfolio update released on Tuesday. During the second quarter, Burry’s Scion Asset Management had acquired bearish put options on the SPDR … Read more
In a market grappling with inflationary pressures and price cuts by industry leader Tesla, Rivian Automotive has defied the odds, raising its full-year production forecast by 2,000 vehicles to a total of 54,000 units. This remarkable news has not only fueled Rivian’s shares, which soared by 4% in after-hours trading but has also created a … Read more
In the fast-paced world of online trading, fortunes can be made and lost in the blink of an eye. For one Reddit user, their journey reached an extraordinary milestone as they shared their astonishing week of gains on the platform. Having been a trader for four years, the user’s post detailed an astonishing $220,000+ profit, … Read more
In a rollercoaster journey through the world of trading, one Reddit user shared a candid account of their highs and lows, including losing a staggering $35,000 in just three months. However, they remain determined to bounce back from their setbacks and regain their financial footing. Reddit User Loses $35,000 In 3 Months The user began … Read more
October has begun with a rollercoaster ride for the Nasdaq, leaving investors on the edge of their seats. The first day of the month saw an unexpected twist as the Nasdaq defied a global equities selloff. However, the following day brought a starkly contrasting story, with select tech giants like Amazon and Microsoft taking a … Read more
In a surprising turn of events, GameStop, a company that became synonymous with the rise of meme stocks, saw its stock price decline after the appointment of Ryan Cohen as its Chief Executive Officer. This move, which followed a series of tumultuous events in the company’s recent history, has left investors and analysts speculating about … Read more
In recent years, Evergrande Group has been making headlines for all the wrong reasons. Once hailed as a property giant in China, the company is now teetering on the brink of collapse, sending shockwaves through the global financial markets. With its stock prices plummeting and mounting debt, Evergrande’s woes have deepened, raising concerns about a … Read more
Reddit trading community is buzzing with excitement as user u/ando421 shares their astonishing trading journey, turning an initial $3,000 investment into a staggering $23,000 in just a single week. The trader’s audacious options plays have captivated the online trading world, offering both inspiration and cautionary lessons. In a recent Reddit trading post, u/ando421 recounted their … Read more
The Price-to-Earnings (P/E) ratio is a fundamental financial metric used by investors to assess a company’s valuation relative to its earnings. It provides insights into how much investors are willing to pay for each dollar of a company’s earnings. In addition to the P/E ratio, the Forward P/E ratio takes into account future earnings … Read more
Float Stock Explained with Best Formula and Examples Float stock or simply “float,” is a fundamental concept in finance and investing. It represents the portion of a company’s outstanding shares that is available for trading by the public, excluding shares held by insiders, such as company executives and major stakeholders. In this article, we will … Read more