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Wall Street Eyes First Weekly Losses of 2023

3 years 9 months ago
The holiday-shortened week was not short on volatility, with the S&P 500 Index (SPX) kicking things off by breaching the psychologically-significant 4,000 level, while the Nasdaq Composite Index (IXIC) managed to extend its winning streak to seven, before snapping it on Wedn

Why Chinese EV Maker XPeng Jumped Friday

3 years 9 months ago
What happened Shares of Chinese electric vehicle (EV) maker XPeng (NYSE: XPEV) spiked Friday morning, reversing a downtrend for the week. XPeng shares were down by almost 11% this week before they jumped by more than 10% Friday morning. As of 10:50 a.m. ET, the stock was still up

Should You Buy the Dip on Rivian Stock in 2023?

3 years 9 months ago
With its share price down by a whopping 80% over the last 12 months, Rivian Automotive (NASDAQ: RIVN) has been a big disappointment for its early investors. While a lot of the downside can be blamed on macroeconomic factors outside management's control, the company's high valuati

Avoid Meta Platforms' Stock Until It Makes This Move

3 years 9 months ago
Meta Platforms (NASDAQ: META) has reached a position few companies have achieved: It claims more than 3.7 billion monthly users across its platforms, taking it to near global saturation. While that's an admirable accomplishment, it can leave a company without obvious prospects fo

Inflation Data Due as Blue-Chip Earnings Roll In

3 years 9 months ago
The last full week of January is already upon us, and it will pack a punch. Plenty of inflation data is on tap, with the manufacturing and services purchasing manager's indexes (PMI) sure to capture investors' attention amidst the slew of other economic indicators.
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