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
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
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
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
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
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
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
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
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
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