Carvana becomes the darling of hedge funds, who believe it can be the ‘Amazon of cars’

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Thursday’s earnings report from used car dealer Carvana could help validate the decisions of many hedge funds that have big bets on the company. The e-commerce company has seen its sales grow exponentially since its initial public offering in 2017 and has caught the eye of several … Read more

These energy stocks loved by hedge funds are trouncing the market

A general view of Gunvor Petroleum or Rozenburg refinery in Rotterdam, Netherlands. Europe’s largest port covers 105 square kilometers (41 square miles) and stretches over a distance of 40 kilometers (25 miles). Dean Mouhtaropoulos | Getty Images News | Getty Images The energy sector has been the biggest winner this year by far amid an … Read more

Bitcoin smashes through $51,000 to hit a new all-time high

Igor Golovniov | LightRocket | Getty Images Bitcoin continued to climb Wednesday, surging above the $51,000 level for the first time. The red-hot cryptocurrency hit a fresh record price of $51,715 at around 4:50 a.m. ET, according to data from Coin Metrics. It was last trading over 5% higher at $51,222. Bitcoin was created in … Read more

Retailers trade Fifth Ave. for Worth Ave. as Palm Beach scene thrives with Americans heading South

An aerial view over downtown West Palm Beach, where RH in December 2017 opened an 80,000-square-foot, mansion-like store with a rooftop restauratnt. Source: Indiehouse Films WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves. Some are taking … Read more

$47 billion swept into ‘ESG’ stocks last year — and here are Wall Street’s favorites

A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Feb. 11, 2021. Bloomberg | Getty Images Analysts at Wall Street’s biggest banks have listed their top stocks for environmental, social and governance (ESG) factors in a sector that has soared in popularity … Read more

Bored of the same old stocks? Goldman Sachs has some ‘fresh ideas’

A Goldman Sachs logo is seen displayed on a smartphone screen. Omar Marques | SOPA Images | LightRocket | Getty Images Wall Street bank Goldman Sachs has listed some “fresh ideas” when it comes to stock picks — from under-the-radar companies posting record results, to those with a “huge opportunity to create value.”  In a … Read more

Analysts pick their favorite weed stocks — and one name keeps coming up

Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019. Blair Gable | Reuters Reddit traders had a new target this week: cannabis stocks. Before falling back on Thursday, shares of Tilray rallied over 50% on Wednesday, while Aurora Cannabis jumped around 20%. Both stocks then tumbled, but remain higher since the start of … Read more

Goldman Sachs says it would be impossible for retail traders to short squeeze silver

One-kilogram silver bars sit stacked at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Chris Ratcliffe | Bloomberg | Getty Images Goldman Sachs strategists say retail investors would not be able to force a short squeeze in silver. Goldman global commodities head Jeff Currie and other … Read more

Cut through the GameStop mayhem with these ‘sweet spot’ stocks, Morgan Stanley says

A view of the Morgan Stanley offices in Canary Wharf, London, U.K. iStock Editorial | Getty Images Market volatility due to a number of short squeezes in recent days is just “noise,” according to Morgan Stanley analysts, who listed some stock picks that are now in “something of a sweet spot.” Shares of retailer GameStop … Read more

Here are four stocks Goldman Sachs says you ‘might have missed’

A patch bearing the Goldman Sachs Group logo is pictured on a trading jacket on the floor of the New York Stock Exchange in New York. Daniel Acker | Bloomberg | Getty Images Goldman Sachs analysts have named a number of stocks they say will benefit from trends investors “might have missed.” The news cycle … Read more