Much has been said about ‘the Big Short’ Michael Burry’s decision to bet approximately $4.3 million on the fortunes of the Chinese technology and e-commerce giant Alibaba (NYSE: BABA) in September 2023.The investment has been of particular interest given that in the 7 months since the purchase of 75,000 BABA shares, the stock has declined significantly and is, despite the partial recovery of the Chinese stock market following government intervention, still below its September value.Things, however, may soon ...

The Taiwan Semiconductor Manufacturing Company (NYSE: TSM), having seen a significant rise in 2024, is set to publish its earnings report for the first quarter of the year on April 18.The microchip manufacturer finds itself in an odd position given that the analysts’ earnings-per-share (EPS) outlook hints at bearish expectations given that it is set at $1.29 – lower than the $1.31 in the same period one year earlier, and below the $1.44 in the final trimester of 2023.This might appear odd given TSMC’s cruci ...

Figures published on April 9 by the banking giant Goldman Sachs (NYSE: GS) hint at trouble on the horizon as U.S. hedge funds have been selling stocks and replacing them with short positions at rates not seen since January.While the data is grim in its own right, more recent reports cast an even darker shade upon the hedge fund activities as it was uncovered that the Bureau of Labor Statistics (BLS) has been communicating behind the scenes with major Wall Street institutions.BLS has, allegedly, been maintai ...

The stock price of electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is actively seeking catalysts to reverse the losses incurred in 2024. Notably, the company has grappled with underlying challenges, including significant setbacks in autonomous driving technology, heightened competition, and diminished demand for electric vehicles.The challenges were highlighted by the notable downturn in car sales during the first three months of 2024. According to an earnings report, the company delivered 387,000 c ...

Although 2023 has been positive for Adobe (NASDAQ: ADBE) stock, the company hasn’t been able to repeat this success so far in 2024, and more losses could be in store as it forms the first death cross chart pattern in more than two years.As it happens, Adobe’s death cross, which refers to a short-term moving average (MA) crossing below a long-term MA – in this case, the 50 MA crossing below the 200 MA –  last time happened in February 2022, as markets analyst Barchart observed in an X post on April 11.ADBE s ...

Although big-name technology shares have been all the rage in the past months, it seems that the hype is nearing its end, and investors should take their profits while they can and divert their attention elsewhere, at least according to the investment banking giant Goldman Sachs (NYSE: GS).As it happens, Alexandra Wilson-Elizondo, Goldman Sachs Asset Management’s co-chief investment officer of multi-asset solutions, has shared her company’s view that tech stocks will come under pressure, shifting its focus ...

Boeing (NYSE: BA) has recently become a major headache for the U.S. government and public, its own executives, and hopeful flyers the whole world over. Just as the memory of a tragic and preventable crash in 2019 began to fade, Boeing’s loose approach to safety came back into light early in 2024 as a piece of a fuselage of a MAX series aircraft fell off mid-flight on an Alaska Airlines flight.The situation grew more dire as more videos, images, and reports of various parts of the aviation giant’s planes fal ...

Investing in the next big tech sensation has always been the dream of many. Imagine owning a slice of the next Apple (NASDAQ: AAPL), Google (NASDAQ: GOOGL), or Amazon (NASDAQ: AMZN) before they became household names. Well, that dream might just be within reach, thanks to the Destiny Tech 100 Fund (NYSE: DXYZ). In this piece, we’ll explore why you should consider DXYZ stock as your next investment.What is Destiny Tech 100?Destiny Tech 100 homepage. Source: destiny.xyzThe Destiny Tech 100 is not a typical in ...

If the cliff the S&P 500 index and the world’s premier cryptocurrency, Bitcoin (BTC) fell off of in the immediate aftermath of the publishing of the latest inflation data on Wednesday, April 10, is an indication, having an early look at the numbers might be invaluable for any trader.S&P 500 and BTC 5-day sharts showing contained but steep drops on April 10. Source: GoogleAs it turns out, there may be a select number of Wall Street firms – allegedly known as ‘Super Users’ – that are allowed a glimpse of the ...

Once heralded as the future of the car industry, the electric vehicle (EV) sector has been overtaken by hybrids in 2024 and has suffered significant damage with dwindling sales and a stock market performance akin to a free fall.Nonetheless, the industry has offered some surprises this year as it offered a sudden Lucid Motors (NASDAQ: LCID)-led rally towards early February and an unexpectedly strong report offered by the very same company in early April.Another interesting fact has been that, throughout the ...