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A Jefferies report identifies the five biggest stocks that leading hedge funds are short on. To be clear, you short a stock when you expect its price to fall. You can short a stock through instruments like futures, options, binary options, and contract for difference (CFDs). Theoretically, your risk is unlimited if you short a…
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Tech stocks have rallied on the back of Amazon (AMZN) and Apple (AAPL) since Friday when the company’s beat analysts’ expectations, pushing the Nasdaq tech-heavy index 4% up for the week. However, veteran tech investor Paul Meeks (pictured) suggests two semi-conductor sector firms could be potential top long-term picks poised to outperform in the tech…
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The dollar has been the world’s dominant currency since the First World War, but slides in its buying power as the US central bank swells its balance sheet as a result of the pandemic has accelerated talk about how long the greenback will be seen as the leading long-term store of value. Last year, global…
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The dollar, which hit an all-time high in March, has lost over 10% of its value since then, falling to two-year lows. Many analysts see the dollar’s crash as a reflection on how the country has handled the coronavirus pandemic. In the early days of the pandemic, the US dollar soared to record highs on…
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This week is the busiest week of the second-quarter earnings season with roughly one-third of the S&P 500 companies reporting their earnings. Based on the blended analysis that includes the actual earnings for the companies that have reported and estimated earnings for the companies yet to report, FactSet forecasts a 42.4% year over year fall…
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Investors will pay close attention to how the impact of the coronavirus outbreak has hit demand of ride-hailing firms Uber and Lyft when they post their earnings on Thursday and 12 August respectively. What are analysts expecting? Uber (UBER), led by chief executive Dara Khosrowshahi (pictured), will be the first to disclose its second-quarter earnings,…
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Money transfer company Western Union will release its earnings on Tuesday, with analysts forecasting lower earnings as digital rivals gained pace during the pandemic. Western Union to report revenues of $1.09bn in the second quarter, down 18.6% year over year, according to analysts. Its earnings per share are expected to fall 20% over the period…
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Retail traders from the popular stock trading platform Robinhood rushed to buy shares of former photography giant Kodak after the company said it had been awarded a government contract to produce coronavirus vaccine ingredients. Kodak shares have exploded after the announcement on Tuesday, jumping from roughly $2 per share to $33.2 per share, yesterday’s closing…
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A select group of consumer staple stocks could be well positioned to rise while people continue to stay at home in the US amid the pandemic, according to analysts. Both Steve Chiavarone from Federated Hermes and Todd Gordon from Seaport Global Securities agree that certain names are well placed to take advantage of the reliance…
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The dollar, which fell to multi-year lows on Monday, is set to crash further as the Federal Reserve keeps the easing taps open, according to Wells Fargo The US dollar index, that measures the greenback’s value against six major currencies including the euro, pound, and yen is currently at 93.38, not far ahead of its…
