In this episode of StockCharts TV’s Sector Spotlight, on this first Tuesday of the month, I address the trends for asset classes and sectors on the monthly charts. There is no clear trend for “the market” — only one sector is in an uptrend, while five are in downtrends and five are more sideways. The USD...
Day: December 6, 2022
Vietnamese EV maker files to go public in the U.S.
The VF-8 electric vehicle from VinFast, a Vietnamese automaker producing electric cars and SUV’s, is on display at their showroom in Santa Monica, California, on July 18, 2022. Frederic J. Brown | AFP | Getty Images Vietnamese EV maker VinFast is going public in the U.S. VinFast on Tuesday said it has filed a registration...
Citadel celebrates banner year at Disney while Wall Street nurses losses By Reuters
© Reuters. FILE PHOTO: Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Mike Blake//File Photo/File Photo By Svea Herbst-Bayliss NEW YORK (Reuters) – For much of Wall Street, trading this year has been akin to riding a wild roller coaster....
Herbalife, GitLab, Textron and more
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...
Mish’s Daily: This Commodity Will Sweeten Your Returns | Mish’s Market Minute
If you’re looking to invest in a commodity with high trading potential, sugar has seen significant price fluctuations in recent years. Sugar prices have been rising due to increased demand in countries like China and India, which is likely to continue. Many factors affect the global sugar market, ranging from political and economic factors to environmental...
Tesla: Take What Elon Musk Says With a Big Grain of Salt, Says Analyst
Elon Musk has legions of fans who have been happy to indulge his whims, but the World’s Richest Man also has plenty of detractors. Hardly any have been as outspoken in their distrust of Musk as GLJ Research’s Gordon Johnson. The analyst has not been shy in laying out the reasons why investors should stay...
Canadian mortgage broker Pineapple files for proposed $18M US IPO
ismagilov Canadian mortgage broker Pineapple Financial (PAPL) has filed for a proposed $18M initial public offering on the US market. Pineapple didn’t specify in its filing the price and number of the shares to be offered, but indicated in an attached filing fee schedule that it was looking to raise up to $18M. The company...
Stocks ease from 3-month highs, dollar firms up on strong U.S. data By Reuters
2/2 © Reuters. FILE PHOTO: A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon/File Photo 2/2 By Anshuman Daga SINGAPORE (Reuters) – Asian stocks retreated from three-month highs and the dollar held on to gains following strong U.S. data that...
Adhera Therapeutics files for Nasdaq uplisting, $35M offering (OTCMKTS:ATRX)
DariaRen Adhera Therapeutics (OTCQB:ATRX), which is developing therapies for Parkinson’s disease and diabetes, has filed to uplist its shares to Nasdaq and raise around $35M through a public offering. The biotech group didn’t disclose in its filing the price and number of shares to be offered, but indicated in its filing fee schedule that it...
Tesla, VF Corp, Marriott, MGM and more
A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines in midday trading. Tesla – The electric vehicle giant slid 6.4% after Bloomberg first reported Tesla planned to cut output of its Model Y by more than...