Showing posts from November, 2021

Elon Musk's tax bill on stock options fell along with Tesla's share price

  Elon Musk already faces a federal tax bill approaching $2.7 billion on exercising   $Tesla(TSLA.US)$ . stock options. It would have been bigger if the company's share price hasn't fallen after he tweeted about selling stock. The stock fluctuations have financial consequences for the U.S. government, Mr. Musk, and Tesla. When the share price goes down, it not only reduces how much tax the Tesla chief executive owes the U.S. government in the short term, it also lowers his total potential tax payments linked to those shares if he sells them in the future. Any such later sales also may not be taxed by California because Mr. Musk moved his residence to Texas last year. At the same time, exercising the options at a lower stock price could weigh on the company he controls. The tax deductions that Tesla can claim for that part of Mr. Musk's compensation package are effectively reduced if he exercises options at lower share prices. The electric-vehicle maker's chief executive

Market Recap | S&P 500 hangs onto gains while bond yields rise

  The   $S&P 500 index(.SPX.US)$   rose Tuesday as gains by cyclical stocks helped overcome losses in technology shares. Rising bond yields and expectations for economic growth powered shares of energy and financial companies while weighing on the growth stocks that have lifted the market in recent months. The broad U.S. stock index gained 7.76 points, or 0.2%, to 4690.70. The  $Dow Jones Industrial Average(.DJI.US)$  added 194.55 points, or 0.5%, to 35813.80. The  $Nasdaq Composite Index(.IXIC.US)$  fell 79.62 points, or 0.5%, to 15775.14 Focus on the continuing economic recovery and expectations for rising interest rates has dented the outlook for tech stocks, which often trade at high prices based on expectations of growth far into the future. Higher rates reduce the value of those far-off earnings, while broader growth increases the relative attractiveness of economically sensitive parts of the market. $Microsoft(MSFT.US)$  declined $2.15, or 0.6%, to $337.68, and shares of  $M

The 7 Best Robinhood Stocks to Buy Now for Less Than $25

  InvestorPlace - Stock Market News, Stock Advice & Trading Tips The "meme stocks" trend may have eclipsed it, but stocks popular among traders who use  Robinhood  (NASDAQ: HOOD ), aka "Robinhood stocks," remain some of the most-talked about ones out there. That's true among both Main Street and Wall Street investors. Unlike its 2021 meme counterpart, this group is a much wider mix of publicly traded names. Included in it are some of the largest, most well-known stocks out there. Think tech giants like  Alphabet  (NASDAQ: GOOG , NASDAQ: GOOGL ) and  Amazon (NASDAQ: AMZN ). This list of equities is also more travel industry heavy as well. Airlines like  American  (NASDAQ: AAL ) and cruise line operators like  Carnival  (NYSE: CCL ) rank high on the list. Mostly, due to investors/traders looking for exposure to a post-Covid recovery of the travel industry. On top of this, there are quite a few names you could classify as being in the "meme" category.

This Marijuana Penny Stock Had A Better 1-Year Return Than Tesla, Apple, Facebook And Amazon

  Those investors who added Reddit’s favorite marijuana stock,   Sundial Growers (NASDAQ:SNDL), to their portfolios a year ago must be very pleased today. The popularity of the Alberta-based company has grown significantly because of its cultivation of a  particular range of cannabis strains.  Its  flagship brands  include 1)  Heal  – with cannabis products used as prescription medicine; 2)  Help  – offering marijuana products for overall health and wellness through CBD and 3)  Play  – cannabis products for complementing social, spiritual and recreational occasions. Sundial Growers is a frequently mentioned stock on Reddit’s  r/WallStreetBets  forum, which has over  11 million members . The retail investment forum is best known for driving up shares of heavily-shorted companies such as  GameStop Corp.  (NYSE:GME), which it drove through the roof last January. Then in February, Redditors did the same for  Sundial, causing the stock to jump  79% in one day. This was short-lived though. B

Today's biggest pre-market stock movers: LGVN, TUSK, GRCL amd more

  Gainers $Longeveron(LGVN.US)$  stock is gaining 135% after the FDA granted it one of its treatments rare pediatric disease designation. $Mammoth Energy Services(TUSK.US)$ stock is surging nearly 30% higher after securing an electric vehicle (EV) charging contract. $Gracell Biotechnologies(GRCL.US)$ shares are soaring more than 25% after the FDA granted it Orphan drug designation for its treatment of multiple myeloma. $UWM Holdings(UWMC.US)$  shares are increasing more than 19% following its announcement to speed up its buyback of shares. $BioHiTech Global(BHTG.US)$  stock is rising over 21% with the release of its Q3 earnings report. $Intuit(INTU.US)$  shares are getting a more than 9% boost following the release of its fiscal Q1 2022 earnings report. $IonQ Inc(IONQ.US)$ stock is jumping over 8% on what appears to be interest from retail traders. $BIMI International Medical(BIMI.US)$ shares are recovering more than 8% as it continues volatile trading following its earnings report ear