Opendoor stock gains another 30% as retail frenzy continues to push shares higher
Opendoor Technologies (OPEN) stock continued its meteoric rise on Monday morning, with shares rising as much as 32% in early trading as the meme stock-style rally continues.
The long-beleaguered iBroker platform saw its share price gain 188% last week, bringing the stock from just above $0.50 less than a month ago to now above $2.75.
Read MoreWall Street Live: S&P 500, Dow Jones, Nasdaq rise ahead of big earnings
US stock indices opened higher on Monday ahead of a week full of earnings from big American companies.
At the opening bell, the Dow Jones Industrial Average rose 26.2 points, or 0.06%, to 44368.4. The S&P 500 rose 7.9 points, or 0.13%, to 6304.74, while the Nasdaq Composite rose 64.7 points,
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Read MoreStock market today: Dow, S&P 500, Nasdaq inch higher to start busy week of Big Tech-dominated earnings
Taiwan Semiconductor Manufacturing Co.’s market value has pushed over $1 trillion for the first time in the company’s history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday.
Bloomberg reports:
The main supplier of chips to Apple Inc.
Read MoreThis Healthcare Stock's Revolutionary Drug Could Make Early Investors Rich
Three years ago, Summit Therapeutics (SMMT 1.18%) was a little-known small-cap biotech that few investors with an average tolerance for risk would have bothered to pay attention to at the time. However, the company’s shares have skyrocketed by more than 2,000% since then.
As is often the case in the biotech industry,
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Read MoreMutual funds BIG bet on Adani shares! LIC also bought…, but why are foreign investors selling stake in Gautam Adani’s companies?
While mutual funds and LIC prefer investing in Adani shares, many foreign players seem to be treading carefully.
Read MoreThe Burst
Market Commentary: 1 Marine Stock On Sale
Buying a boat manufacturer ranks right up there as one of the most treacherous investments when interest rates are elevated, at least on the surface.
But then there’s Marine Products Corporation that trades with a price-to-earnings ratio of just 7x. Not only is the PE ratio attractive but the earnings have been growing steadily quarter over quarter and operating income looks very attractive for the past three years too.
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Read MoreThe Ivy
What The Heck Does Buffett Know?
Buffett seems to know something about where energy prices are going, but what is it? Why is he taking such a large stake in Occidental Petroleum when the share price has been drastically underperforming the broader-based market?
Up just 9.4% in the past 12 months and 4.3% so far this year, OXY is a laggard relative to the S&P 500,
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Read MoreThe Spotlight
80% Of Physicians Use This Platform, Is It a Buy?
2021 was an epic year for IPOs, primarily driven by very low interest rates, and COVID-19 stimulus funding. In fact, in 2021, there were 976 IPOs, compared to 480 the prior year. One of the most noteworthy IPOs of the year was Doximity, Inc. (DOCS), which opened at $26 per share.
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