Netflix is overvalued and could tumble 37% in the next year as the streaming giant’s spending on content weighs down profits, Wedbush says

Netflix is overvalued and the shares could tumble in the next year, according to a team…

Charles Schwab added 3.2 million retail investor accounts in the 1st quarter, more than in all of 2020

Charles Schwab said Thursday it opened more than 3 million new retail brokerage accounts in the…

AMD could rise 19% due to its durable technical advantage over Intel, Raymond James says

Raymond James initiated coverage on AMD Thursday with an “outperform” rating and a $100 price target.…

Coinbase pulled in $57 million from retail investors during its trading debut, the 5th-most-popular offering since 2017

Retail investors poured $57 million into Coinbase shares during its first day of trading Wednesday. Coinbase’s…

QuantumScape drops 12% after short-seller report calls it a ‘pump-and-dump SPAC scam by Silicon Valley celebrities’ and compares it to disgraced startup Theranos

QuantumScape fell as much as 12% on Thursday after short-seller Scorpion Capital compared the company to…

BlackRock’s Fink says cryptocurrencies may become a great asset class- but his institutional clients aren’t interested in it

BlackRock’s Larry Fink said that he’s fascinated by the idea of cryptocurrencies as an asset class.…

Virgin Galactic falls 9% after founder Richard Branson unloads $150 million stake in the company

Virgin Galactic fell as much as 9% on Thursday after its founder Richard Branson sold about…

US stocks climb as jobless claims hit pandemic-era low and retail sales surge

US stocks climbed on Thursday after weekly jobless claims feel to a pandemic-era low of 576,000.…

Coinbase jumps 11% after Cathie Wood’s ARK funds show $246 million investment in the crypto exchange

Shares of Coinbase jumped 11% on Thursday, following its turbulent Nasdaq trading. Three of Wood’s funds…

Citi posted record profit in the 1st quarter as SPAC activity led a surge in underwriting fees and stock trading exploded

Citigroup’s first-quarter earnings report released on Thursday came in above analyst estimates, as SPAC activity led…

Coinbase is officially worth more than GM, FedEx, or Twitter after its strong market debut

Coinbase’s market value peaked at $112 billion during its first day of trading. The crypto exchange…

Ether soars to record high over $2,400 after Coinbase IPO and ahead of network upgrades

Ether rose to a new high of over $2,400 in the wake of the Coinbase direct…

US stocks rise after three top Wall Street banks crushed earnings and a lively Coinbase listing

US stocks rose on Thursday following blockbuster earnings results from three large banks. Coinbase made its…

5 reasons the S&P 500 could slump for the rest of 2021 despite strong profit growth and economic optimism, according to Bank of America

Although the economic recovery is underway, stock market returns may disappoint in 2021, BofA said. The…

US stocks slip from record highs as tech sell-off overshadows blockbuster bank earnings

The S&P 500 pulled back from record highs on Wednesday as the first-quarter trading season began.…