Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
Flickr via JDLasica Snap turned in a disastrous third-quarter earnings report on Tuesday that saw its stock plummet as much as 22% in after-hours trading. Short sellers pared positions in the weeks leading up to earnings, costing themselves potentially huge profits that would’ve resulted from the stock drop. Even Tencent’s acquisition of a 10% stake […]
Ted S. Warren/AP Amazon has spiked to a record high after crushing its third-quarter earnings report. Options traders are responding by making even more bets on the stock to rise further in the coming months. Amazon surged to record highs yet again, but investors still can’t get enough. Options investors are piling into bets that the […]
AP Images / Richard Drew General Electric is paying the price for a poor earnings season, which saw it cut forward guidance. Options traders were woefully unhedged for the drop, while short sellers weren’t effectively positioned to profit from the decline. General Electric‘s stock is getting whacked after the company fell short of analyst estimates […]
David Becker/Getty Images A strange and unexpected thing happens to gun stocks after a mass shooting: they go up. It adds a perverse twist to an already terrible situation, as firearm enthusiasts race to stockpile weapons out of fear that gun control legislation will hamper future purchases. It also exposes the dirty truth of gun […]
Andrew Burton / Getty Images Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. JPMorgan beat on earnings but is trading slightly lower after reporting big declines in trading and fixed income revenues. Citi handily beat expectations and is up early on Thursday. Most global markets are trading higher Thursday morning. The expectation of a rate […]
AP Betting against Tesla this year has been an exercise in futility, as short sellers have repeatedly been burned by one of the market’s hottest stocks. Their patience is finally paying off. Through Monday, investors had made $ 72 million over a two-week period as Tesla’s stock plunged 11%, putting a dent in a massive […]
Reuters/Arnd Wiegmann Betting against AMD this year has been unprofitable, but that’s not stopping investors from jumping on the trade. Short interest, or bets that the semiconductor manufacturer’s stock price will fall, rose to an all-time high this week, according to the financial-analytics provider S3 Partners. The shares sold short rose to 159 million shares, or an estimated 18% of those available for trading. That […]
(Reuters) — Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead. While several exchanges have announced that they will close by the end of this month, traders have now moved to buy and […]
Reuters / Brendan McDermid Traders aren’t yet ready to let Equifax up off the mat. Short interest — a measure of wagers that share prices will drop — has continued to climb since initial reports of the company’s massive data breach that cost its CEO his job. It now sits at $ 281 million, according to […]
Thomson Reuters Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Global markets are mostly red. Janet Yellen will speak at the National Association for Business Economics conference. Brent oil is falling off two-year highs. Here’s Lutz: Good Morning! US Futures are mixed, as Nasdaq finally catches a bid as the […]
