Month: October 2020

It’s a bullish start to the day. A Bitcoin breakthrough to $11,200 levels would deliver support to the broader market following yesterday’s gains. …read more […]

With its stock trading at 52-week high, and up 496% year-to-date, DraftKings (DKNG) has cashed out at the top. On Monday, the sports-betting provider announced it is selling 32 million DKNG shares to raise capital. The company expects to raise over $1.6 billion from the sale with 16 million being sold by DraftKings and the rest by existing shareholders. At $52 per share, the company is offering the stock for a price 14% below what its shares cost prior to the offering announcement. The result will be a windfall of an estimated $830 million, which DraftKings will use for general …read more […]

Momentum appears to be firmly in Roku’s (ROKU) favor right now. The OTT leader’s stock closed the week at an all-time-high, and one analyst once again raised his bull-case price target for the stock.Deutsche Bank analyst Jeffrey Rand reiterated a Buy rating on Roku shares and increased the price target from $185 to $235. (To watch Rand’s track record, click here)What’s behind the positive assessment? Rand’s explanation is simple and clear.“We have become more positive on Roku as consumers continue to stream more content due to the pandemic and advertisers appear to be spending again after pausing/delaying advertising in 2Q,” …read more […]

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It is well known by now that Amazon (AMZN) has benefited immensely from COVID-19, drawing in new customers who prior to the viral outbreak had no experience of the e-commerce world. However, with the outsized demand has come the need to increase the workforce. Before the summer, Amazon hired an additional 100,000 workers and last month in anticipation of the holiday season, announced another round of hiring, intent on adding another 100,000 staff members.While Benchmark’s Daniel Kurnos believes “costs could be a potential headwind for 2H20,” the 5-star analyst points out the continued uptick in COVID-19 cases, particularly in Europe …read more […]

After mixed messages from the president, work is back underway to get you another $1,200. …read more […]

(Bloomberg) — Much of Lisa Su’s success as chief executive officer of Advanced Micro Devices Inc. has come from banishing the ghosts of predecessors’ mistakes. Stretching to make a multibillion-dollar acquisition is the scariest chapter she must now rip from the chipmaker’s history book.AMD is in talks to acquire Xilinx Inc. in a deal that could be valued at as much as $30 billion. That would be AMD’s largest purchase ever, by a wide margin, and conjures memories of a similarly audacious transaction from 2006 that left the company mired in debt and flirting with bankruptcy.Wall Street is betting Su …read more […]

(Bloomberg) — Much of Lisa Su’s success as chief executive officer of Advanced Micro Devices Inc. has come from banishing the ghosts of predecessors’ mistakes. Stretching to make a multibillion-dollar acquisition is the scariest chapter she must now rip from the chipmaker’s history book.AMD is in talks to acquire Xilinx Inc. in a deal that could be valued at as much as $30 billion. That would be AMD’s largest purchase ever, by a wide margin, and conjures memories of a similarly audacious transaction from 2006 that left the company mired in debt and flirting with bankruptcy.Wall Street is betting Su …read more […]

Dr. Ezekiel Emanuel, UPenn Vice Provost of Global Initiatives, Former White House Health Policy Adviser, and author of ‘Which Country Has the World’s Best Health Care?’, joined The Final Round to discuss President Trump receiving the Regeneron treatment for COVID-19, how his administration has been handling the virus, and his thoughts on states reopening for indoor dining and activities. …read more […]

(Bloomberg) — It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a theft in progress, she received a frustrating email.The firm wrote it would investigate and respond within “a few weeks.” Now her money is gone.Bagheri is among five Robinhood customers who recounted similar experiences to Bloomberg News, saying they’ve been left in limbo in recent weeks after someone sold their investments and withdrew funds. Because the wildly popular app …read more […]

Vaccine specialist and COVID-19 antagonist Moderna (MRNA) had a busy Thursday, issuing press releases and holding conference calls to discuss what it had said in the press releases already.Three major subjects for discussion were covered over the course of the day, and in a note updating investors on its opinion of Moderna, JPMorgan analyst Cory Kasimov discussed them all. Let’s begin with the most urgent question of the day: Coronavirus, and Moderna’s mRNA-1273 vaccine to prevent getting infected with it.Kasimov notes that Moderna unveiled “a few incremental data points” on its COVID-19 vaccine. Moderna is looking to get, and disclose …read more […]

Yahoo Finance’s Kristin Myers and Dan Howley discuss AMD’s possible $30B deal for Xilinx. …read more […]

Want to tune into Apple’s big iPhone event? Here’s how along with what to expect from the show. …read more […]

After Trump cracked down on Huawei and then TikTok, Tencent had already been thrown around as the potential next Chinese tech target. …read more […]

The prefix “intra” comes from Latin, meaning “within” or “on the inside of time.” So intraday trading means to buy and sell a stock or derivative in the same day.

Now, intraday trading is a lot different than traditional investing. Most investors tend to hold stocks and/or bonds for a long time. This is known as a buy and hold strategy. These investors don’t need to worry about volatility in the market. Intraday ups and downs in a stock’s price don’t really worry them much.
On the other hand, there are all sorts of short-term trading strategies that use rapid movements in …read more […]