Category: Penny Stocks

Investors losing sleep over the dramatic loss of market capitalization for the stocks of the Magnificent Seven group of companies this week might consider another option: buying their bonds.

Even after the group lost a combined $233 billion in market cap on Tuesday, bond spreads and prices have remained fairly steady and are still close to where they were at the beginning of the year.

The Magnificent Seven stocks are no longer a market monolith.

After driving the bulk of the S&P 500 index’s 2023 advance, the group of seven megacap companies — typically defined as Nvidia Corp. NVDA, Apple Inc. AAPL, Alphabet Inc. GOOGL, Microsoft Corp. MSFT, Tesla Inc. TSLA, Meta Platforms Inc. META and Amazon.com Inc. AMZN — have seen their performance diverge in 2024.

The…

One more big retailer wants you to consider same-day delivery — for an added cost. 

Target Corp. TGT will be joining Walmart Inc. WMT, Amazon.com Inc. AMZN and other retailers in the same-day delivery game by introducing a new tier to its membership program called Target Circle 360. Available starting April 7, Target Circle 360 will cost $49 a year. Members will be able to have food, clothes and most other Target products delivered to their doorstep on the same day they order them, as long as their order totals at least $35….

Dear Quentin,

My dad and his second wife moved to Texas for their golden years. 

Unfortunately, he died unexpectedly last September. He had been battling a terminal disease. He was immunocompromised, and a double whammy of pneumonia and COVID-19 was just too much. My stepmother said if I claimed a share of their house, I would be…

AI has become a buzzy topic recently across many industries, but it’s been used by sneakerheads for years in the form of “bots.”

These bots help customers quickly purchase sought-after shoes that are released in limited quantities, often to resell them for a profit on the secondary market. They do this, in part, by enabling buyers to create multiple accounts and improve their chances of not only getting a pair of coveted shoes, but getting many pairs.

See…

Britons will get a tax break to encourage investment in the London stock market, the U.K. government said as it set out a spring budget that also cut workers’ employment taxes, as the Conservative party looked to boost its election hopes.

Chancellor of the Exchequer Jeremy Hunt told a packed Parliament on Wednesday that new British Individual Savings Accounts would allow an extra £5,000 in tax-free investment into U.K. equities. Rules currently allow investors to put £20,000 a year into the accounts, which are exempt from…

Billionaire Elon Musk said Wednesday that he isn’t planning on making any contributions to the main 2024 presidential campaigns, with his statement coming after reports said former President Donald Trump met on Sunday with Musk and other possible donors.

“Just to be super clear, I am not donating money to either candidate for U.S. President,” Musk said in a post on X, formerly known as Twitter.

News…

Dear Quentin,

My mother taught me never to hold a grudge. It’s proven harder in practice than in theory: My mother-in-law gave me a “diamond” ring and said she wanted me to have it for everything I’ve done for her. I thanked her and let her know that it makes me happy when she is happy. 

When I took the ring to a jeweler to have it…

A majority of active funds focused on U.S. large-cap stocks failed to beat the S&P 500 index last year, extending their track record of underperformance, according to S&P Dow Jones Indices.

Sixty percent of all active large-cap U.S. equity funds lagged the S&P 500 in 2023, a scorecard report from S&P Dow Jones Indices shows. The price of the S&P 500 climbed 24.2% last year for a total return of 26.3%, according to FactSet data. 

The…

Against a tough backdrop for cybersecurity stocks, CrowdStrike Holdings Inc. delivered big with its latest earnings — and that performance has the stock flirting with a historic rally.

CrowdStrike’s stock CRWD was up as much as 22.7% in morning trading Wednesday, though it had recently pulled back and was up 16.1%. A gain upwards of 17.4% would make for its largest single-day percentage increase on record.

While…