Finance

Investor Paul Meeks won’t invest in social media stocks right now, he told CNBC on Monday. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, predicted regulators will target the group this year — with Facebook and Twitter bearing the brunt. “The interesting thing about this full-fledged assault on the social media
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Speculative investors may face a reality check this month. According to CFRA’s Sam Stovall, conditions are ripe for a major market correction. “We are getting a little late into this rally,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Monday. “Investors will feel that they need to take some profits.” Stovall sees the
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PNC Financial’s Amanda Agati sees three reasons for the market’s speculative craze: No commission trading, low interest rates and another round of stimulus checks. Together, the firm’s chief investment strategist calls them a “perfect storm.” “The rise in no commission trading, a la Robinhood and a number of retail trading apps, has no doubt added
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GameStop mania took Wall Street by storm, thanks to a legion of retail traders glued to the WallStreetBets message board on Reddit. Shares of the struggling brick-and-mortar video game retailer skyrocketed 400% in the past week, closing out January with a whopping 1,625% gain. A band of amateur traders in WallStreetBets forum, whose members have
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The website of U.K. stock trading app Freetrade. Freetrade LONDON — British share trading app Freetrade told clients Friday that it had disabled purchases of U.S. stocks. Freetrade blamed the halt to U.S. stock purchases on a move by its currency exchange provider and their bank to limit the platform’s trading volume. Freetrade uses U.K.
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