Key Points The S&P 500 was recently down by as much as 9% from its peak because of the war between the U.S. and Iran, but it rocketed to a new record high on Wednesday, April 15. The stock market isn’t out of the woods yet, because Iran mounted fresh attacks on commercial vessels in … Read more
Ford Is Taking Lemons in the World's Largest Auto Market and Making Lemonade
Russ Cohen
Key Points A saturated new-energy vehicle market and competitive landscape have created a price war in China. China’s auto exports are surging as automakers turn it into a low-cost export hub. Ford and Kia were leading the strategic shift, enabling them to keep doing business in the region. 10 stocks we like better than Ford … Read more
The SpaceX IPO Will Be an Epic Disappointment, Based on What History Tells Us
Russ Cohen
Key Points SpaceX put the wheels in motion for its IPO, with the space and artificial intelligence (AI) titan seeking a valuation of $1.75 trillion. Many of the largest IPOs in history flopped in the months following their debuts. Additionally, SpaceX is being priced for perfection amid imperfect and unpredictable industries. These 10 stocks could … Read more
The Lockout Rally: Wall Street Just Made History
Lockout Rally Makes History If you have been monitoring equity markets for the past few weeks, you have just witnessed Wall Street history: “The last 110 days have been unlike any 10-day period in the market since 1950. The S&P 500 is up 9.8% in 10 days, which is in the 99.7th percentile of all … Read more
Crypto Market Update: Kraken Parent Payward Acquires Derivatives Exchange Bitnomial
Here’s a quick recap of the crypto landscape for Friday (April 17) as of 12 noon UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Bitcoin (BTC) was priced at US$75,589.10, up by 4.2 percent over the last 24 hours. Chart via TradingView Bitcoin price performance, … Read more
AMCON Rallies 23% Year to Date: Should You Buy the Stock?
AMCON Distributing Company DIT shares have gained 23.1% year to date compared with the industry’s 11.9% growth. The company has outperformed other industry players, including Carrefour SA CRRFY and J Sainsbury plc JSAIY. Shares of Carrefour and J Sainsbury have rallied 18.8% and 7.5%, respectively, in the same time frame. Extensive distribution network, strong supplier … Read more