Who is behind Hindenburg, the research firm targeting the Adani group?

Who is behind Hindenburg, the research firm targeting the Adani group?

Hindenburg Research’s bruising report accusing the Adani Group of pulling off “the largest con in corporate history” has rattled India’s stock markets. On Jan. 24, the New York-based forensic financial research firm disclosed its short positions on Adani companies, on the grounds of alleged accounting fraud and “brazen stock manipulation” over the course of decades. … Read more

Carvana stock soars in active trading to lead the NYSE’s gainers

Carvana stock soars in active trading to lead the NYSE’s gainers

Shares of Carvana Co. CVNA, +19.54% soared 20.8% in active afternoon trading Friday, enough to pace the New York Stock Exchange’s (NYSE) gainers list. Trading volume swelled to 28.6 million shares, already well above the full-day average of 18.6 million. The last press release from the online used car marketplace was late Thursday, with the … Read more

Amarin and ViewRay Stock See Action From Activist Investors

Amarin and ViewRay Stock See Action From Activist Investors

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Jan. 19 through Jan. 25, 2023. Source: … Read more

Shopify Stock Is up Over 40% This Year. How Much Higher Can It Go?

Shopify Stock Is up Over 40% This Year. How Much Higher Can It Go?

2023 is so far providing a platform for turnaround stories. Shopify (NYSE:SHOP) appears to be one such name benefiting from a change in sentiment; the shares are already up by 44% year-to-date, with 24% of those gains delivered in this week’s trading. Investors were evidently happy with the e-commerce giant’s latest move, with the surge … Read more

2 Natural-Gas Stocks to Play the Coming Rebound

2 Natural-Gas Stocks to Play the Coming Rebound

The collapse in natural-gas prices in recent months has generated a fraction of the attention of the run-up of the first half of 2022. But it could dent 2023 profits industrywide—and dampen inflation by reducing heating and electricity costs this year. Natural gas traded on Friday at $2.90 per million British thermal units, down 8% … Read more

A Top Pick for 2023

A Top Pick for 2023

Despite the difficult backdrop offered by 2H22 and reflected in PC inventory digestion, Advanced Micro Devices (NASDAQ:AMD) has navigated the rough terrain rather well. Ahead of the chip giant’s fiscal fourth quarter earnings (Jan 31), Mizuho analyst Vijay Rakesh reckons the full-year 2022 results should show 43% year-over-year growth, boosted by a strong showing from … Read more

How Does Your 401(k) Balance Compare With the Average?

How Does Your 401(k) Balance Compare With the Average?

When it comes to your retirement accounts, comparing how much you have saved with the national average can help you benchmark your savings. For most employees, an employer-sponsored 401(k) account is a significant piece of their retirement planning. Knowing how the balance in your 401(k) stacks up against the averages for your age range may … Read more