Month: April 2021

SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX founder and CEO Elon Musk remains focused on his vision for the company: Establishing a permanent human
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Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of
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Rule number one of investing is that you don’t buy what you don’t know and can’t understand. Social Capital Hedosophia VI (NASDAQ:IPOF) violated this rule, and the speculators who bought IPOF stock paid the price. Source: Dmitry Demidovich/ShutterStock.com The huge injections of capital by the Federal Reserve and the 2017 tax cut combined to bring
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If there’s an investment objective you can think of, then you can almost guarantee that some investment management company has designed an exchange-traded fund (ETF) to fit that objective. There are ETFs that specialize in leveraged real estate or in junk bonds. Others are there to limit investors’ exposure to currency exchange rates. And with
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Rocket Companies (NYSE:RKT), home of Rocket Mortgage and Quicken Loans, is a massive direct-to-consumer mortgage lender. It’s the same business model GEICO uses to sell car insurance without agents. Source: Lori Butcher / Shutterstock.com Rocket has become the largest mortgage lender in the U.S, according to its CEO. That’s great. However, this also means that
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SpaceX’s Crew Dragon “Endeavour,” atop the company’s Falcon 9 rocket, leaves the SpaceX integration hangar adjacent to NASA Kennedy Space Center’s Launch Complex 39A for rollout to the launch pad on April 16, 2021. SpaceX SpaceX is set to make history, as Elon Musk’s space company prepares to launch the Crew-2 mission for NASA on
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Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. Today’s crop of earnings reports are chock-full of companies reporting earnings above expectations and, most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the
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The Biden administration’s ongoing stimulus efforts, combined with the vaccine rollouts across the country, are quickly ramping up the reopening of the U.S. economy. As a result, retail stocks are throwing off Covid-19’s shackles. According to CNBC, March retail sales were up almost 10%, the second-best month on record.  One retail stock that has done
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