Trading short squeeze stocks was one of the main strategies during the meme stock mania in 2021. Those who managed to get in before the short squeeze started were highly rewarded. This strategy, however, still holds true. But you have to find the right stock. Given the interest that remains around heavily shorted stocks, Finbold…
Tesla (NASDAQ: TSLA) was hit by a series of bad news within the past couple of weeks, including a delivery drop in China during the month of July by 31% compared to June, as well as a National Highway Traffic Safety Administration (NHTSA) investigation on the Model 3 steering wheel issues. This has caused the…
Lucid Motors (NASDAQ: LCID) is scheduled to release its Q2 earnings results on Monday, August 7, after the bell. The average estimated earnings per share is a loss of 34 cents, according to Refinitiv, with a revenue of $184 million based on seven estimates. The earnings per share is similar to the same period last…
The Cyberspace Administration of China (CAC) released a proposal on Wednesday, August 2, to curb the amount of time people under the age of 18 spend on their smartphones. All smartphones and apps will have to create a “minor mode” that would ban smartphone use for children between 10 pm and 6 am as well…
Apple (NASDAQ: AAPL) is expected to post its third consecutive quarterly revenue drop on Thursday, August 3, after market close. Wall Street expects $81.7 billion in sales, down 2.3% from last year. The April-June quarter is typically slow for iPhone sales as shoppers wait for a new model release in the fall. iPhone sales weakness…
Legendary investor Michael Burry, commonly known as “The Big Short,” hedge fund Scion Asset Management bought 850,000 shares of New York Community Bancorp (NYSE: NYCB) in Q1 of this year. His average reported purchase price is $9.04. The NYCB stock now trades at $13.61, a 50% gain in little over three months. This investment represents…
Chinese electric vehicle (EV) makers NIO (NYSE: NIO), Li Auto (NASDAQ: LI), and XPeng (NYSE: XPEV) crushed July deliveries, reporting 65,604 deliveries combined. That’s more than a 100% increase year-over-year. Delivery Numbers for July Li Auto hitting 34134, just continuing to gather strength XPeng back over 11008 w/ 3900 G6. Badly needed for its survival…
As the cryptocurrency market begins to capture the attention of more institutional investors and wealth managers around the globe, recent research has demonstrated that most of them have plans to boost investments in the sector in the near future, illustrating growing confidence in the crypto industry. Specifically, a new global research study has found that…
Contrary to popular belief, increasing one’s wealth and being able to afford luxury things are not exclusively reserved for those in high-paying finance careers. With meticulous planning, acquiring investment knowledge, and making wise financial decisions, individuals can accumulate exponentially increase their wealth in the long term, particularly if they start early. In this article, Finbold…
Financial markets have come under significant pressure in 2022 as tough macroeconomic conditions, including 4-decade-high inflation and rising interest rates, led to bearish sentiment among stock investors. However, circumstances started to improve at the beginning of 2023, triggering a rebound in the US stock market as investors welcomed declining inflationary pressures and lower interest rate…