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Time To Short Melvin's Longs? Citadel To Pull $500 Million From Embattled Hedge Fund
Article By:
Tyler Durden
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Saturday, August 21, 2021 3:44 PM EDT
January was a memorable time for traders because that's when profitable trades appeared, as names shorted by Melvin Capital exploded higher in the most devastating short squeeze in years. Will August be just as memorable for shorting Melvin's longs?
The Past Week's Notable Insider Buys Include AppLovin, Cricut, Biotechs, And More
Down Big-Time, Buy Now? 3 Stocks Worth Your Money
Video By:
Jason Fieber
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Saturday, August 21, 2021 3:15 PM EDT
I've been investing for more than a decade now, and you know what I've learned? Don't bet against the US stock market. Here are 3 stocks to look at.
Australian Dollar Outlook: AUD/USD Downside Risks As The US Dollar Soars
Article By:
DailyFX
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Saturday, August 21, 2021 2:59 PM EDT
The Australian dollar broke lower during a week where the US dollar broadly strengthened. The Delta variant continued spreading as Chinese crackdowns weighed against several market sectors. The strengthening US dollar pushed commodity prices lower.
Avoid Robinhood Stock For 3 Reasons
Article By:
Money Morning
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Saturday, August 21, 2021 2:44 PM EDT
Shares of Robinhood have rallied 43% higher since its historic IPO last month. That doesn't mean you should buy in now. In fact, there are three major reasons to avoid Robinhood stock now.
2 Space Stocks Wall Street Predicts Will Rally By More Than 50%
Article By:
StockNews
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Saturday, August 21, 2021 2:29 PM EDT
The commercial space sector is advancing rapidly, driven by significant investments in research and development. Given the industry’s solid prospects, Wall Street analysts expect space stocks Virgin Galactic and Maxar to rally by more than 50%.
Litecoin Stages Revival Amid Bitcoin's Bull Run
Weekly Fundamental US Dollar Forecast: More Tapering Hints At Jackson Hole
Article By:
Christopher Vecchio
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Saturday, August 21, 2021 1:44 PM EDT
The US dollar added +1.01% last week, moving up to fresh highs as traders have begun to anticipate a faster-than-expected timeline to the Fed's stimulus withdrawal. EUR/USD rates dropped -0.81% and closed below 1.1700 for the first time since 2020.
Buyback Expert Calls On T-Mobile
Article By:
MoneyShow.com
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Saturday, August 21, 2021 1:29 PM EDT
American wireless network operator T-Mobile US Inc., the second-largest carrier in the U.S., boasts the first and largest nationwide 5G network, said to reach more cities and towns in America than anyone else. So what's the big deal with 5G?
Week In Review: Sino Biological Stages $772 Million IPO On ChiNext Exchange
Article By:
ChinaBio® Today
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Saturday, August 21, 2021 12:59 PM EDT
Sino Biological, a Beijing company that offers biological research reagents to global markets, completed a $772 million IPO on Shenzhen's ChiNext Exchange. On the first day of trading, the stock closed 68% higher at a market cap of $5.2 billion.
FOMC Minutes Stole Some Of Jackson Hole's Thunder
Article By:
Marc Chandler
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Saturday, August 21, 2021 12:44 PM EDT
There are two highlights in the last full week of August that will draw the attention of investors: the Federal Reserve's symposium (Jackson Hole) and the preliminary August PMI reports. Still, the elephant in the room remains to be the virus.
In this article: FXC
The ETF Portfolio Strategist - Saturday, Aug. 21
Article By:
James Picerno
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Saturday, August 21, 2021 12:30 PM EDT
Red ink was nearly everywhere this past week. Save for Treasuries and investment-grade US corporates, our 16-ETF opportunity set was conspicuously biased to the downside for the trading week through Friday, Aug. 20.
Technical Market Report For Saturday, Aug. 21
Article By:
Mike Burk
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Saturday, August 21, 2021 12:14 PM EDT
New low numbers were awful when the market took a little dip last week. The strongest sectors last week were utilities (same as the previous week) and healthcare, while the weakest were precious metals (same as the previous week) and energy.