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Why Nio Stock Surged 10% Today
Nio (NYSE: NIO) stock surged Tuesday morning as the broader U.S. market rose, and was trading 10.2% higher as of 12:23 p.m. ET. Ironically, the electric vehicle (EV) maker just got a massive price target downgrade, but investors right now appear to care less about what analysts think and more about what's happening in Nio's home market of China. On Tuesday morning, Citigroup analyst Jeff Chung slashed his price target on Nio to $41.10 per share from $87 a share, according to TheFly.com.
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Billionaire Ron Baron Says Recent Market Weakness Offers Huge Buying Opportunity; Here Are 3 Beaten-Down Stocks Analysts Like
Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 1994. The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early 1980s, wh
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U.S. Supreme Court rules against DaVita over dialysis coverage
The U.S. Supreme Court on Tuesday rejected kidney dialysis provider DaVita Inc's claims that an Ohio hospital's employee health plan discriminates against patients with end-stage renal disease by reimbursing them at low rates in hopes they would switch to Medicare. In a 7-2 decision authored by conservative Justice Brett Kavanaugh, the court ruled that Marietta Memorial Hospital's employee health plan did not violate federal law by limiting benefits for outpatient dialysis because it did so without regard to whether patients had end-stage renal disease.
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Meet the 'unluckiest' stock market investor of modern times
If you're thinking of pulling your 401(k) out of the stock market, or you're too terrified to invest more, you need to meet my friend Betty Badluck. Poor old Betty has had the worst luck of any stock market investor you've ever met. In the last 40 years she has invested in the stock market just six times.
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Qualcomm's Charts Are in a Quandary
The fundamental "story" of Qualcomm seems to be in flux right now with a sell side fundamental analyst telling clients that the company has weakness in the handset area, while the CEO says the opposite. The On-Balance-Volume (OBV) line has moved sideways since January even though prices have declined - this is a bullish divergence. If we drew a downward sloping channel from January we would find that the most recent decline in June has not touched the "return line" of the channel (not drawn).
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Want $10,000 in Annual Dividend Income? Invest $134,200 in These Ultra-High-Yield Stocks
Morgan Stanley's chief executive officer James Gorman was the latest prominent executive to warn of a coming recession, saying at a June 13 financial conference, "It's possible we go into recession, obviously, probably 50-50 odds now." Ultra-high-yield dividend stocks can be a good place to run for cover during turbulent markets. Investors with an extra $134,200 in capital lying around to evenly split between these two quality income stocks could generate growing five-figure annual dividend income in the years ahead.
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Why Shares of Affirm, Upstart, and Nu Holdings Are Rising Today
Shares of several high-growth fintech stocks rebounded Tuesday after a brutal sell-off last week that was triggered by the Federal Reserve's decision to hike its benchmark interest rate by 75 basis points. Shares of the "buy now pay later" (BNPL) company Affirm (NASDAQ: AFRM) had risen by roughly 12.6% as of 11:11 a.m. ET Tuesday. Artificial intelligence-powered lending tech specialist Upstart (NASDAQ: UPST) was nearly 12% higher, and shares of Brazilian digital bank Nu Holdings (NYSE: NU) were up by more than 13%.
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Stock market rally could be the 'start of the recovery': Strategist
Wes Crill, Dimensional Fund Advisors Head of Investments Strategists & Vice President, sits down with Yahoo Finance Live to discuss what to take away from today's market rally, recession indicators, inflation risks, and the relationship between the Fed's interest rate hikes and the housing market.
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10 Value Stocks To Buy Today According To Mario Gabelli
In this article, we discuss the 10 value stocks to buy today according to Mario Gabelli. If you want to skip our detailed analysis of Gabelli's investment philosophy, hedge fund returns, and history, go directly to 5 Value Stocks To Buy Today According To Mario Gabelli. Billionaire investor Mario Gabelli is known for founding and […]
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4 of the Safest Stocks to Buy If the U.S. Dips Into a Recession
Since hitting their respective all-time closing highs, the 126-year-old Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite have respectively fallen by as much as 19%, 24%, and 34%. This means the Nasdaq and S&P 500 are officially in the grip of a bear market. To make matters worse, there's the growing likelihood that the U.S. could enter a recession.
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Elon Musk Says Twitter Deal Is Pending Three 'Unresolved' Issues
Elon Musk said three issues still need to be resolved before his planned $44 billion acquisition of Twitter, originally announced in April, can close. Musk, speaking via teleconference Tuesday at Bloomberg's Qatar Economic Forum, said that he still hasn't gotten clarity about Twitter's claim that the fake and spam accounts comprise less than 5% of […]
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3 Stocks I'm Buying During a Tech Stock Correction
The NASDAQ Composite Index has declined by close to 32% year-to-date to enter its second bear market in less than three years. Although stock prices have come down significantly for a wide swath of businesses, you should not feel disheartened. Here are three stocks you can consider buying during this bear market in technology stocks.
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10 Unknown Biotech Stocks That Can Explode in 2022
In this article, we discuss the 10 unknown biotech stocks that can explode in 2022. If you want to read about some more biotech stocks that can explode in 2022, go directly to 5 Unknown Biotech Stocks That Can Explode in 2022. As coronavirus cases recede across the world and countries open up their borders […]
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Tesla worker rejects $15 million payout in race bias lawsuit
(Reuters) -A Black former elevator operator at Tesla Inc's flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by coworkers, opening the door for a new trial after a judge slashed a $137 million jury verdict. Lawyers for Owen Diaz, who had sued Tesla in 2017, turned down the judge's award in a brief filing in federal court in San Francisco. "In rejecting the court's excessive reduction by asking for a new trial, Mr. Diaz is again asking a jury of his peers to evaluate what Tesla did to him and to provide just compensation for the torrent of racist slurs that was directed at him," his lawyers said.
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Is Boeing Stock a Buy?
While many stocks in the sector have outperformed the market in 2022, and a few (Raytheon Technologies, AAR Corp, and Hexcel) are actually in positive territory, Boeing stock is down a whopping 36% in 2022, and 48% over the last year. There's little doubt that the problems at Boeing are a combination of the general market plus its own execution problems. If it isn't multi-billion dollar cost overruns and charges with Boeing's defense business, it's significant operational and regulatory issues across all its major commercial aircraft.
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Nearly one-third of older Americans have less than $10,000 saved for retirement
Many older Americans are willing to work during their retirement years — and they may have to be — because they aren't financially prepared for their old age. Almost three in 10 people between 55 and 67 years old have less than $10,000 saved for retirement, though 32% of women specifically have less than $10,000 earmarked for their old age, according to a new survey from Sagewell Financial, a financial technology company focused on seniors' money management. Four in 10 people had less than $50,000 saved for retirement, whereas 47% of women had less than that much compared with 30% of men.
Source: https://finance.yahoo.com/news/comedian-actress-amanda-seales-host-140000411.html
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