Ishares Nasdaq Biotechnology Index (IBB) has been on a tear in the last year, outperforming the NASDAQ and S&P 500 by multiples greater than 3x and 6x, respectively. This rapid appreciation has spurted chatter of a bubble forming in the biotech sector. Even US leaders have expressed a difference of opinion. Yellen, for example, stated back in July 2014 that the biotech industry […]
After $103M IPO, Rapid7 Stock Up in Early Trading
Gregory T. HuangJuly 17th, 2015BostonDing, ding. Rapid7 CEO Corey Thomas rang the opening bell at the Nasdaq this morning, and the Boston area’s first tech IPO of 2015 is in the books.Rapid7 (NASDAQ: RPD) raised $103.2 million by selling 6.45 million shares at $16 a pop, which was above the […]
It’s been more than four years now since the giddily titled book Go Canada: The Coming Boom in the Toronto Stock Market and How to Proﬁt From It hit store shelves, advising its hopeful readers that within a decade the Toronto Stock Exchange would more than double in value to 30,000 points. Spoiler alert: not gonna happen. Since the release […]
I’ve been an investor my entire adult life, but I’ve always leaned toward mutual funds, and more recently, low-cost index funds. Trading individual stocks felt like gambling to me, though I often lament not buying AAPL when it was at $17 many years ago. (Editor’s Note: Of course, as journalists covering Apple, it would be inappropriate for us to own […]
Stock Market, Silver: Week in ReviewStock-Markets / Financial Markets 2015Apr 26, 2015 – 12:58 PM GMTBy: Brad_GudgeonFrom now on, I’m including silver in my updates. There are important issues on the horizon that will involve silver to a greater degree. One of those issues is: J.P. Morgan is accumulating physical silver like there’s no tomorrow; another is: silver is important […]
ECB’s Greek ploy grabs Gartman’s attention
Discussing how earnings; Europe and oil impacted today’s trade, with Dennis Gartman of the Gartman Letter; CNBC contributor Herb Greenberg and CNBC’s Jeff Cox.
The rocky market action of the past week or so has prompted noted investor Dennis Gartman to issue a warning to his fellow investors: Be careful.”Use puts, use positions to defend yourself. […]
You may have seen the amazing story today about the high school kid who made $72 million trading stocks. There were plenty of red flags in the original New York Magazine article. But now CNBC is reporting that the $72 million figure is totally bogus.Mohammed Islam, a 17-year-old high school kid in New York, was profiled as a Wall Street […]
MARKET SUMMARY- Stocks and oil fall together. Weaker world economy? Increased supply? Does it matter?- Yearend rally is off the rails, but leaders continue holding the line, holding out the chance for a little Christmas magic.- IEA cuts its oil forecast as well.- Michigan Sentiment surges as citizens accept lower growth, lower standards of living as the new normal.- Looking […]
Updated: December 8, 2014 at 10:22 pm CET.
The year-long investigation into BTC Trading, Corp has finally come to an end. BTC Trading, Corp was the company behind BTCT.co and litecoinglobal.com. Both sites offered . The SEC has fined BTC Trading, Corp. (BTCT.co) and Ethan Burnside for violating the Securities Act of 1933, the Securities and Exchange Act of 1934, and the Investment […]
Michael A. RobinsonToday I want to reintroduce you to a biotech stock that Wall Street has been pricing as though it were dead money.This biotech company recently filed a stellar earnings report. But those earnings were slightly off analyst expectations, and the share price dipped – making this is yet another stock that sells off after a slight miss, a […]