Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, told investors that the last 17 months have been “an incredibly trying time.” Plotkin had been trying to turn around the firm after being caught out in early 2021 betting against retail favorites GameStop (GME) and after …
Melvin Capital to shut down after heavy losses on meme stocks, market slump Read More »
The British luxury brand, known for its signature beige check and trench coats, reported a 23% increase in revenue for the year, while profits rose 38% to £ 523 million ($ 649 million). Burberry shares, which are down more than 12% this year, rose slightly in London trading Wednesday. The solid earnings came with a …
Burberry reports record profit despite China slowdown Read More »
The home improvement giant reported better-than-expected gains in sales and earnings for the first quarter Tuesday and lifted its outlook for the rest of this fiscal year. Shares of Home Depot (HD)one of the 30 stocks in the Dow, initially rose more than 3% before the market opened on the news but was down slightly …
Home Depot’s strong quarter shows housing market is still booming Read More »
The Volatility Index has been down for five-straight days. Everyone wants to know if this red streak is a big deal. I have no idea. My view on the VIX is that when it gets jumpy, it tends to be bullish for stocks. I think it got a bit jumpy in late January and everything …
Bear Market Rallies and the Case for Base-Building Read More »
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(Kitco News) A massive selloff in US stocks, extreme panic in the crypto space, and the worst week for gold in almost a year are just a few headlines that describe the volatility seen all across the board. Here’s a look at Kitco’s top three stories of the week: …
