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Lucid Motors has plans to build factories outside the U.S., CEO Peter Rawlinson told CNBC's Jim Cramer on Tuesday. "Mid-decade, we plan to have plants in the Middle East and China, as well," Rawlinson said on "Mad Money." The comments Tuesday came as the EV start-up's market cap surpassed that of Ford Motor. In this […]
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Not much longer to wait until the Federal Reserve announces the results of its two-day meeting. What analysts and investors expect to hear is that the Fed is going to ease up on bond buying and hold the line on interest rates. If Fed Chair Jerome Powell says anything that might indicate an increase in […]
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U.S. markets climbed out of an early hole and all three major indexes showed gains in the noon hour Friday. The report on personal consumption and expenditures may have had little impact, even though it was essentially in line with expectations, or even a bit below. Yields on 10-year Treasury notes were down a tick […]
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Major U.S. stock indexes closed with a new record high in the books for the S&P 500, which helped lift the index by 0.3% for the day. The Nasdaq Composite closed up 0.6%, and the Dow Jones industrial average was essentially flat. Friday’s premarket session was mixed, with the Dow and the S&P 500 up […]
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All the brokerage firms and banks that we follow here at 24/7 Wall St. keep a list for their institutional and retail clients of high-conviction stock picks. These are generally the companies they not only like on a longer term basis but usually those stocks with big upside to the assigned target price. With October […]
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At noon on Thursday, U.S. markets looked pretty much like they did on Wednesday. A decent start to the trading session had deteriorated into small losses so far for the Nasdaq Composite and the S&P 500 while the Dow Jones industrials were down more than 1%. Energy, the best-performing sector over the past month, traded […]
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Equities trading bolted out of the starting gate Wednesday morning, but by early afternoon, investors were gasping. Markets closed mixed with small gains or losses. Interestingly, Thursday’s premarket action also started with a sprint, as 10-year Treasuries stalled and a continuing resolution to fund the federal government until early December is to get a vote […]
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Tuesday was a rough day for the markets. The major indexes fell by around 2% (the Dow Jones industrials slid somewhat less, 1.6%). The 10-year Treasury note yield rose to a high of around 1.56%, enough to bring some buyers back, given persistent inflation fears. Yields dropped to around 1.52% early Wednesday morning. Meme stocks […]
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Tuesday was a big day for several popular meme stocks. None posted bigger gains than two of the granddaddies. Wednesday’s premarket was not so generous, but it is worth remembering that how these stocks trade during the day is often unrelated to their closing prices. GameStop Corp. (NYSE: GME) added 27.5% to its share price […]
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Assuming with no special evidence that many meme stock investors also invest in cryptocurrencies like Bitcoin and Dogecoin, that may be where the money’s going Wednesday. Dogecoin was trading up more than 11% in the noon hour and Bitcoin was up 3%. Only a handful of the meme stocks we follow are currently trading in […]
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