In this article BX Follow your favorite stocksCREATE FREE ACCOUNT Investors nervous about Blackstone’s real estate investment trust should view it as a long-term vehicle that’s well positioned for the future, the firm’s president said Thursday. Blackstone has taken heat over the past week for limiting withdrawals from the $69 billion private REIT, the Blackstone
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California-headquartered Mullen Automotive (NASDAQ:MULN) is one of many competitors in the electric vehicle (EV) market. However, MULN stock has been sold off so severely that it’s looking like an irresistible bargain. Getting back to $1 next year is entirely possible, as Mullen is reducing its debt while entering boldly into the last-mile delivery EV niche.
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Tech stocks, especially those trading at high valuations, have plunged significantly this year amid a challenging macro environment. Recent remarks by Federal Reserve Chair Jerome Powell about slowing down the pace of rate hikes provided some relief to investors. However, Powell cautioned that the monetary policy could stay restrictive until there are signs of inflation
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Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images After a series of crypto-collapses, scandals and bankruptcies, Americans’ views on cryptocurrency have soured sharply, with the
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The Dow Jones Industrial Average is often put on too high of a pedestal by novice investors and ignored by professions. But this year, the Dow is the best-performing index of the four major US indices. That has me making a list of my top Dow stock picks for 2023. Financial headlines often gravitate toward
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While the 30 companies listed under the venerable Dow Jones Industrial Average, not all securities can succeed at the same time, necessitating an uncomfortable discussion about which Dow stocks to sell. Given the rough year we’ve had along with a questionable macroeconomic backdrop for next year, investors may want to jettison some problematic market ideas.
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The allure of a fintech stock is one that’s relatively easy to understand. Investors tend to like this group of stocks for the upside leverage to growth they provide. That’s because these companies combine the growth potential of technology along with the stability and easy-to-understand economics of financial companies. There’s also some key secular tailwinds
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Investors of neo-banking firm SoFi Technologies (NASDAQ:SOFI) jumped for joy after Federal Reserve Chairman Jerome Powell hinted at a less severe interest rate hike this month. SOFI stock spiked, but the party didn’t last long. SoFi Technologies’ shareholders may suffer from a hangover soon as conditions don’t favor the company now. It’s great to be invested
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In this article TOL SFIX SBNY PLAY MDB Follow your favorite stocksCREATE FREE ACCOUNT Cinder blocks sit in a pile near homes under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida. Mark Elias | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. MongoDB —
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The Nasdaq has a reputation for being the home of aggressive hypergrowth companies — firms that can go up five- or tenfold in a year and sometimes crash just as quickly. Most investors probably wouldn’t imagine creating a buy-and-hold forever portfolio filled with Nasdaq stocks. However, the Nasdaq actually offers a lot of variety. While
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Take a look at some of the biggest movers in the premarket: Herbalife Nutrition (HLF) – Herbalife tumbled 9.8% in premarket trading after the nutrition and health products company announced a $250 million convertible note offering. Herbalife plans to use the proceeds to repurchase existing debt and for general corporate purposes. GitLab (GTLB) – GitLab
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An eventful year for the Chinese stock market is slowly closing. Although many investors believed things could be headed in the right direction after a tough 2021, most stand bitterly disappointed. That said, value investors may well be undeterred by this year’s performance, looking for Chinese stock picks for 2023. Chinese stocks are among the best
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SoFi Technologies (NASDAQ:SOFI) stock continues to flounder due to recent developments. SOFI stock moved back to penny stock levels after the Biden Administration’s latest extension of the student loan moratorium further delayed a rebound for its now-dormant legacy student loan refinancing business. That’s not all. The fintech firm may be facing headwinds related to another
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