DWChannel

  Wed, January 5, 2022, 6:45 PM (Bloomberg) -- Fraser Perring, the short seller who accused Wirecard AG of fraud years before the German payment processing company’s collapse, is betting Tesla Inc.’s stratospheric valuation will come back down to earth. Most Read from Bloomberg U.S. Logs Record 1 Million Virus Cases With Data Delay WHO Official Downplays Coronavirus Variant Found in France Omicron Cases Are Hitting Highs, But New Data Put End in Sight How Safe Is Flying With the Omicron Variant Surging? Singapore to Brief U.S. on Covid Numbers After Travel Warning The founder of Viceroy Research tweeted Wednesday that there is “price dislocation” between shares of Tesla and incumbent carmakers Toyota Motor Corp. and Volkswagen AG. The two largest auto manufacturers each sold roughly 10 or 11 vehicles for every one that Tesla delivered last year, yet the company led by Elon Musk has a $1.15 trillion market capitalization, more than double the combined valuations of Toyota and VW. Perrin

  InvestorPlace - Stock Market News, Stock Advice & Trading Tips Given its big drop in recent months, I can see why many investors are passing up on  Sundial Growers  (NASDAQ: SNDL ) stock. Back down well below $1 per share, sentiment has whipsawed from bearish to bullish to bearish for this Canada-based cannabis play. Source: Postmodern Studio / Shutterstock.com During the early months of 2021, this low-priced stock zoomed more than seven-fold, to as much as $3.96 per share. It's not for certain, but some may chalk this up to en masse buying by  Reddit  traders. It should be noted, too, that at the time, there was increased buzz surrounding marijuana stocks. This was due to speculation that the U.S. federal government was moving towards reforming the current laws on the books. Whatever the reason for its surge, steadily throughout the year, Sundial has given back tremendous gains. The hype surrounding the pot sector has largely faded. The company's decision to raise capita

  Sunstream IVXX Investment Corp. ("Sunstream IVXX"), an affiliate of SunStream Bancorp Inc., a joint venture sponsored by Sundial Growers Inc. (NASDAQ:SNDL), today announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a proposed initial public offering of its common stock. Sunstream IVXX will be a specialty finance company that operates as a closed-end, non-diversified management investment company that anticipates electing to be regulated as a business development company under the Investment Company Act of 1940. The number of shares of common stock to be sold and the price range for the proposed offering have not yet been determined. The purpose of the offering is to use the net proceeds therefrom to invest primarily in the debt of U.S. cannabis companies across the cannabis industry. Sunstream IVXX intends to commence the public offering following completion of the SE

  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

  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

  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.

  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